Member Info for redindi

Johnny The majority will be decided/signed by the end of June, the rest soon after. From a field of one and a bit (I suspect)

If anything, the placement /subscription highlights the need for more finance to cater for quite probably no less than 12 new (including existing OEM's) contracts. Taken into context if all the RFQ's are won in the next year (and maybe more) would see a very conservative A$523 million revenues or (US) $371.33 million .Assuming 75% in 2021-24, is $92.83 million or £70.33 million per annum or on a Mobileye metric is £2.94 billion or around 86.5p per share auto only within 12-15 months. So, yes, 3p is a bitter pill and maybe there are better ways but now it's all about executing the plan. Now, how much is everything else worth?

If VSI owned over 20/ it would have to make an offer and if any concern owns over 10/ it would have to agree to any takeover. As SEE and VSI are tight, that's pretty useful.

S2020 When did you start your consultancy role with Cenkos?

Sebs Nvidia have serious power consumption problems and this has obviously been in the pipeline for some time as it's due early next year. I watch with interest.

Terry Almost one and a half a month, it will be interesting!

Nvidia it could be with a power hungry offering, if yesterday's example is to go by, there's still a heck of a lot of work to do!

Cenkos musings. http://www.safestocks.co.uk

John C Safestocks has a tendency to do that. Last Summer it was just the same. His post was it was worth £1.50. With the dilution today, should it not be £1.00 all other things being the same?

If Ken had done the honourable thing and walked last Autumn, would the placing have been at a higher SP, seeing his lack of credibility in some circles? Methinks yes but pride comes before a fall. Still, Ken aside, I don't think it would do the credibility of the upper management, and the SP, any harm if they, but especially Jack, showed their faith in the future of the company and subscribed to the issue, preferably for large amounts. I also believe, until sale or profitability, the company should curtail the handing out of free shares to even failing employees. Now get those RNS issued. There seems plenty to land.

There's an omission in Safestocks blog which makes it difficult to really take any discussion seriously ie the article says last year, a full 12 months, which would make a big difference as to the seriousness of the discussions. At the start of the year, we had 2 OEM's, the ground breaking Cadillac deal and Mercedes, SP around 5p and not much of an order book (but with expectations of more). In April/May, came BMW and possible legislation, price going upwards from 7p. Until June /July Ford and Byton, price in the 10-12p range mainly. Until Black September and TFD with the SP collapsing all the way to 3.46p at the end of the year but with A$138 million in the pipeline. So, even though there were problems at the end of the year, I don't see how the discussions could have happened at any other time than the start of the year. The more contracts signed, the less the SP relies on hope, ie execution risk. So, really, I think comparing SEE now with SEE over a year ago isn't very useful. Even now, without the 13 potential RFQ's, on a Mobileye chip metric, would yield 23.67p per share for auto alone.

Bristol True, if it had been taken seriously by the management, regardless of numerous discussions. However, last years low was 3.46p (20/12/18) so if it had been around it would have been very tempting for a lot. Safestocks seems to be mirroring the views here, quite right in a lot of respects, but just as last year, his views can change and quite rapidly.

14,850 installed

S2020 Good post, I have to admit I don't know which system works at motorway speeds....

Terry First there was uncertainty, now that there is, people wish for the uncertainty. Potentially 13/14 RFQ's in the next year which,in a field of one and a bit (Nvidia) I'd expect SEE to win all bar maybe 1, Yes, the placement price is crap and I'm surprised other options weren't used but now Nick and crew better get on with it. Talk from ET of bankruptcy and a 60% market share is just that, and total sh*t.

S2020 No way, if successful on all RFQ's, on Mobileye metrics, it's 87.5p per share. Even after the overdone dilution!

Esc BdMS could be anything, various sources say anywhere between $5,000 to $100,000 per unit and size of market 2,000 to 80/90,000. So, could be very important. But, no mention. What's Ken's email, he's obviously forgot it!

I'll ask the question again, not mentioned in the placement doc but it's in pilots. It could be anything!

In total A$523 million if everything won, which may be Conservative and probably is...

No, we are in the second half of FY2019