Member Info for redindi

Usually investors sell on information given by the company, or leaked. Here on LSE, posters, with limited data and straight line graphs determine that SEE will miss targets massively despite just receiving one week ago that SEE was on track to meet Fleet installations by FY end.

Only here on LSE....

Smokey

Speadsheets are only as good as the formula used. If you use negative assumptions or in this case, neutral, you will end up with misleading data. You have to take into account the H1/H2 historic difference.

Smokey

Obviously you are expecting economic activity to crash throughout the world, that is the only way that SEE will miss targets by so much so why don't just say that?

As for Cenkos, read the broker note, it's because they're not totally sure about Fleet which they said would change once they did, not that they were negative on Fleet.

Smokey

Forewarned? Lol

Smokey

So, you expect SEE to miss Guardian installation numbers by 27 and 41% based on a target of 27,000 when you yourself said 500 had been installed for the last 2 months taking SEE to 21,500 (although you also said 19,500 was installed at one point to confuse the issue) which would mean you expect only 1,000 to 3,500 of the recently delivered (or about to) batch of 5,500 units to be installed, despite the recent increase in distributors and the new agreements now in place with distributors to install in shortish order?

I suggest you bin the spreadsheet.

As for PMs comments, I wish I had only just invested and not gone through the last six years of ups and downs, he's telling the truth, no contempt there.

No, it means what it says in the RNS

Smokey

You can extrapolate as much as you want, be it with straight or curved lines but I would suggest the management has a better idea of numbers installed and likely to be by 30/06/2020. And the last we heard from SEE, last week, was the effect of the coronavirus was at present minimal and it was still on track to meet targets.

Also, there could be a number of reasons why your numbers indicate a fall in Fleet numbers but I won't go there as others appear to have different takes on it which just shows how open to interpretation it is.

Smokey

What missed targets? It's 03/03/20,almost 4 months before 30/06/2020, 5,500 units recently delivered and with or about to be with installers, China about to go back to work, no plans on shutting down elsewhere yet and nobody knows how it's going to go. And you're saying we've already missed the lower target?

ET

Or if it hadn't of been a bull run at the time of TFD, the placing would have failed and possibly this board would be no more?

TLS

Yes, interesting, especially as we know what the system was running on, hence 60fps. Amazing how the narrative can be changed just with adding one more!

JC

Great find, TC will be happy!

Shares

I think what SEE says for public consumption is just that, for public consumption. What SEE thinks /says in private might vary significantly to the public utterings.

As it will be in 2022, I think a market analyst is better to analyse the market share. Colin Barnden at the CMD who stated 40/45% market share for SEE and the rest split between the rest. Those market shares don't tell the whole story though as the split is safety/convenience (and what has Semicast reiterated recently?) and come 2024 onwards and increasing legislation elsewhere that 40/45% is likely to increase and probably exceed private projections.
The simple truth of the matter is only SEE does what SEE does and as S2020 intimated OEMs, despite some unwritten code, will be drawn to SEE.
SEYE is best of the rest at the moment but even it knows it will struggle with basic NCAP, there is that chasm between SEE and the rest. SEYE is a good example of what happens when OEMs choose a Tier 2 (under different circumstances) and believe if it puts some engineering resources into something, it can round a square peg. The result? A number, up to 20, of missing (SEYE says delayed) models. Some of these delays have been so long some may wonder whether they have been cancelled.
As for Eyesight, the contract was not for one of the Big 3, read the wording, think new.

Point 2 is interesting. Assuming Tesla does find problems, what's it do? Recall all vehicles with Autopilot and retrofit all the vehicles or does it disable the function OTA?

ET

True. And perhaps Viktor might have gone in the SEYE booth so see their demonstration. Apparently it was really good. And that would have made it two demonstrations with a total of three cameras. Great if you like loads of cameras, not sure if OEMs do though!

S2020, JC

Yes, Viktor does seem to be clutching at straws. As PM told both me and Viktor at the CMD, stood right in front of us, the new Xilinx agreement was a derisking of the operation, in effect Xilinx have taken on the risk of the delivery of the chip once ready, with SEE algo's. In no other way has anything else changed, SEE will still the same contact with the OEM as per before, regardless whether it's on the chip or SW only unlike SEYE who leave most of that to the Tier 1.

The new agreement with Xilinx is in SEEs favour. How Viktor could dress it up any other way only Viktor will know, perhaps he has a History degree?

Baxter

Better to be early than too late. The rest of your diatribe is exactly that. 2020 + 6 = 2026 = all new vehicles with advanced DMS in Europe.

The next is re Aviation is totally spurious extrapolating what PM said about imminent and expecting it to carry on indefinitely which is worse than imminent.

Perhaps, for your well being, you should have sold all your holding, even a small holding seems to be affecting your equilibrium?

ET

Not so long ago, you said SEE wouldn't need to win any Aviation licencing deals because Fleet would fill the gap.

Now, by implication, you are saying Fleet will not do that but also SEE will not deliver in the next 12 or so, will not win a single Aviation licencing deal. Please tell everyone why Fleet will no longer deliver and also a) why Aviation no longer wants to licence our IP or b) who else can provide the software IP that can do the job, sensible answer only?

I would not go as far as Bausch but I would consider you take stock and decide whether you you have the temperament to hold a share for 3+ years as that is the bare minimum anyone can realistically give a company time to perform?

Bausch

Current bloodbath apart (which for some reason some posters seem totally unaware of re the wider market) I think we know the answer to that - 04/09/2018. If but for that, the market may have reacted differently to the doubling of booked business in Auto. As it is, the ramifications of that day continue onwards and again we know what will right what went before. Namely, what we've been promised since last July with our beloved leader saying those immortal words ' it will take any further fund raise permanently off the table'.

We wait, somewhat impatiently although a few today (but only 7.7 million shares traded) lost patience whilst the market played but not only with SEE.

Glandore

The fact is the contract was for 250 interstate coaches and as I mentioned previously, the majority of the 5,000 vehicles are school buses. And we have known for some time that SEE had, as it turns out temporarily, stood down its US operations.

So, what's to discuss? You mentioned cost, I mentioned insurance savings (look at what's happening in Australia and elsewhere). Those cost savings over 3-5 years could to a large extent mitigate over time the upfront cost and monthly monitoring fees. So, all this talk of take up being restricted to certain niche customers is incorrect, plain and simple.

5. What are the material savings per vehicle after fitting Guardian ie lower insurance costs, less time off the road for both vehicle and driver?