RE: Win 75% of global DMS market vs. 25%16 Nov 2019 19:50
seeingm
I'm sure you do research although on what I'm unsure. Semicast (Colin) earns his living researching sectors and selling his reports for a not inconsiderate sum of money. It may prove enlightening if you looked into his background. What you are suggesting is akin to professional suicide and I am sure the institutional investors and the like who were at the CMD would have made their displeasure apparent by such an underhand approach.
Secondly, if you were indeed an investor in SEE you would know that in previous RFQ's (such as BMW) SEE bid with 3 Tier 1's and it's quite probable SEE is involved with multiple Tier 1's for the same RFQ's and that due to a number of reasons, maybe the quotation has increased for example the RNS is delayed but will be well worth waiting for.
Thirdly, as above, but you obviously haven't kept up with the chat here. SEE places the emphasis on retaining customers and expanding its order through this route. Of SEEs first three OEM's, it has received follow on orders from all 3 OEM's, two of which do not have as of yet vehicles with SEE tech on the road. I think if you look at so called competitors, that cannot be said. Indeed, some models seem to be continually delayed.
And although we still await the next new OEM, probably VAG, on 02/0919 there was an extension RNS, presumably Mercedes, for A$23 million. And although not announced by RNS, Nick did say in front of about 100 people at the CMD that OEM 3 (BMW) had increased its order from A$55 million to A$75 million in the space of a few months. So, yes, it's been quiet and I can't wait for it to be busy.
As far as I'm aware SEE has not lost any business (it's not that interested for SW contracts in China) and all the business it's going for relates to safety DMS so it's looking very good for SEE.
Safe journey home.
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