Member Info for redindi

S2020

Amazing what you find down the sides of the sofa!!!

Johnny

Smokey knows what he can do)))

S2020

I think Naomi Rule is doing a great job. Previously it was touch and go that SEE would make it to end FY 2021 with need to borrow or another placement and now it looks like SEE has got another $10 million or so. Any ideas how SEE and /or Naomi has done it?

Smokey

As Terry, you are the worse derampers going. And is your first name Sanjay as you clearly haven't a clue a Scrooby Doo about SEE?

Baxter

I think it's one point that SEE needs to clarify re R&D. SEE is really an R&D company, take that away and SEE would over time wither away.. As a percentage of turnover /spend R&D will reduce over time but in dollars I'd be surprised if it reduced, maybe even increase as SEE goes forward.

If being invested in an ARM like company isn't your thing, maybe you should consider your investment as the R&D spend ain't going to go away!

Results as expected, for now no problems with Fleet, and enough cash until June 2021.

For those who attended the CMD, apologies, but Colin Barnden (Semicast) said those with the most data always win.

Now, Colin was talking about using the data (masses of it) to improve the algorithms for Fovio. But it's also relevant here. Whereas with the algorithms it captures edge case scenarios that might otherwise be missed with only 25% or less of the data, as regards Fleet figures first six months data does not cover seasonal variations. To counteract this, and to give a clear indication that the trend is correct you'd need at least 24 months data. So, you're short of data.
Second, as pointed out earlier, kilometres travelled per day may well have reduced due to covid 19. However, this is not important. What is important is a) SEE gets the units to the distributors (70%) and for both the distributors and SEE (where it is responsible) to get the units fitted. Regardless of the situation, the distributors where possible will try their hardest to get them installed ASAP or under the new agreement (s) there could be penalties. Also, compared to previous agreements SEE gets more upfront so I as far as the 70% distributors are concerned I suspect SEE has already received more than it would traditionally received by now.
Further, Shanghai looks like it's going back to work and although there may be supply line problems, don't be surprised if it got a further batch (reduced maybe) in the next few months. The world, despite everything, hasn't stopped turning after all.

Lastly, although China especially has seen production fall dramatically, don't ever underestimate pent up demand. And that, is not just about Guardian units I'm talking about....

Smokey

You know why people find you grating. It's your using of a situation that for some on here is possibly life threatening and has market wide had the effect we all can see and trying to make out it's because of problems that are purely SEE related and using a defunct spreadsheet to back it up for your own reasons.

And stop spouting primary school economics to some on here who could well teach you a lesson as regards that. Now, please, go and do one.

Bausch

Of course you're correct and I know exactly that. Smokey is quite obvious with it but tries to mask it with his spreadsheet and his take on covid 19, total tripe really.

Well, ET, a great example of the fickleness of youth........

ET

I doubt there's many here who aren't 100% aware of the reason why, pre covid 19, the SP had either difficulty either advancing or holding on to any gains. Namely a purported need for a placement which a certain poster(s) have now accentuated backed by figures supposedly produced by a spreadsheet that is clearly not oven ready.

However, if until we are told differently, let's go on the latest news from SEE, which didn't mention a placement. Also, let's look at high big or small that shortfall would be. Apparently all of $9 million, which again the company has said it could easily borrow against future Fleet earnings. Or, SEE in the next 12 or so months gets just 1 licencing deal of at least that amount which isn't a big ask. So, if funding is off the table when that happens, SEE is back roughly to the point it was pre placement but with a few differences -

1. 50% more shares in issue.
2. That much closer to 2022.
3. Again, from the company, within Auto, it's gone from selective DMS implementation to mass market implementation.

So, yes, there are more shares in issue but the contracts now in negotiation and will continue despite everything are an order or two bigger than even SEEs largest order to date and as such, as long as further funding is taken off the table should be reflected in the SP.

ET

That, fortunately, is something I will not see!

ET

PM wants free honey???

Smokey

6 months is not enough, that is why. You need at least 18, maybe 24 months to extrapolate trends seen over certain periods over that time ie installation variations seen at certain times of the year. By just using, historically, the quieter 6 months, you will obviously get a result as you have. and if you just used data from the busier six months, the result would be the opposite.

You need more DATA!

Smokey

Don't bother, your spreadsheet is broke. You have not enough data. Simple really. You can not use data purely relating to the 6 months July to Dec 2019, that will only lead you to the conclusion you've arrived at but I'm sure you wanted to arrive at your conclusion so I'm wasting my time.

Smokey

I would politely suggest you bin your speadsheet and buy a new one. All other users come to a very different conclusion and what happened to 22,500. Now, that was totally unbelievable so quietly drop it?

F O S

Dr Smokey

Oh you know, I've taken a close interest in the subject and listened to the 'experts' on TV and other media outlets and done some reading. Despite your best but very amateur attempts, I doubt that you've persuaded anyone the world economy is going to grind to a shuddering halt, it doesn't work like that. It will have some effect on it but we won't all be in our nuclear bunkers for the next 6 months. Apparently, it (the coronavirus) will affect the world's economy by reducing growth 0.1 to 0.2% this year, that is reducing growth not stopping it. And, again, I'd ask to look into PMs past, his past is very relevant and what he has done is securely the supply lines for the leg of the stool that is of most importance, revenue wise, at the moment ie Fleet. Namely, as at the time of the update email, SEE and its distributors had the majority of the 5,500 first batch of the volume order with the remainder about to be shipped. Apparently, PM told others that SEE had 3/4 months supply so coronavirus wasn't likely to affect SEE in that respect.

So, unless you are saying Australasia and LATAM, where most of the order is destined for, has stopped working (because that's what you're implying) entirely or just about, that means that by 30/06/2020, it should have 20551 + 1,000 (you said it would have installed 500 in Jan and Feb) + 5,500 = 27,051 units installed by 30/06/2020. That is without Shanghai producing and shipping it's next batch which you're implying it won't because it wouldn't fit in with your narrative of the world not working for the duration of the FLU, even though China is wanting/getting back to work and as far as I'm aware even in Italy the economy hasn't stopped, slowed a bit but not stopped.
As for Aviation, S2020 has put it succintly and Auto, well, new models at least, it appears OEM's continue unveiling and the world keeps spinning!

Urb

I don't believe something that will probably curtail in 2/3 months will affect legislation due to be in place June 2022. It would be ironic if legislation that is there to save people's lives was delayed due to a virus that is likely to kill less people than the lives the legislation is supposed to save!

Smokey

It's been said before but you are so obvious. Go and do one.

ET

If I didn't know better I'd say you've been taking too much in from the media. I also am sure people don't need telling of the risks associated with being invested in shares, any shares, either now or at any time. And, yes, I'm well aware some say silver could go to $3,000 an ounce but that is only when governments stop dumping their stockpiles on the market every now and then which could be in a week or in twenty years. Nobody is actually sure when that will happen. However, with SEE, everyone on this board knows that gradually from June 2022 vehicles in the EU will need DMS.

It's also a decent bet the long awaited Aviation licencing deal will land before silver shoots up because for now silver ain't moving much. Silver, surprise surprise, also attracts people due to the historic link between gold and silver in the hope that the link gets reestablished but people are still waiting. Which in its own way is just like SEE.

So, in effect you've changed from one waiting game to another for no obvious reason (other than the flu) is you got sick of waiting for just over a year. Maybe you'll get sick of waiting for silver also?

ET

Whichever way the wind blows? I'm sure many PIs are asking that of senior management today rather than looking at of the window.

Some have said this flu thing could cause supply line issues. Now what is PMs speciality in? That's if SEE has supply line problems, which by planning or luck it would appear not for now.

tfl is direct and is a tram related contract?