Member Info for schlemiel

£2bn sale of PTEC's Italian arm

Nm

Price correction, something to do with this news? Whole article behind paywall but it seems we're about to get the drill bit turning for what could turn out to be a most important phase in the life of little ole FOGgy

How two new wells will power the Northern Territory

Two new wells will be drilled at a key Beetaloo Basin prospect as part of the Territory’s new gas supply deal. Read what’s planned.

https://www.ntnews.com.au/subscribe/news/1/?sourceCode=NTWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.ntnews.com.au%2Fbusiness%2Fnt-business%2Ftamboran-is-set-to-drill-two-new-beetaloo-wells-as-nt-gas-supply-deal-takes-off%2Fnews-story%2F5f32c587e075e10a5d9c365f58459ce6&memtype=anonymous&mode=premium

It's using the term 'misled' which is highly suspect and defamatory

'As such, we expect EU GSR 2024 to boost DMS adoption'

That's a positive for SEE isn't it? Don't understand the point of this statement

Iraq's oil ministry will meet on Sunday with the Iraqi Kurdistan ministry of natural resources (MNR) and international oil companies operating in the northern Kurdish region to discuss resuming Iraqi Kurdish crude exports via Turkey's Mediterranean Ceyhan port, a senior oil ministry source told Argus.

The ministry had called for a meeting "as soon as possible" on 29 May "for the purpose of… reaching an agreement to accelerate the restart of production and resume the export of oil… according to the quantities specified in the budget law."

Around 470,000 b/d of crude exports from Iraq's semi-autonomous Kurdistan region have been absent from international markets since March 2023 when Turkey closed the pipeline linking oil fields in northern Iraq to Ceyhan. That move followed an international tribunal ruling which said Turkey had breached a bilateral agreement with Baghdad by allowing Kurdish crude to be exported without the federal government's consent.

Baghdad, however, is preconditioning the IOC's attendance at the Sunday meeting in Baghdad on them providing a copy of the production sharing contracts (PSCs) they have with the Kurdistan Regional Government (KRG), a source with knowledge of the matter said.

"Every IOC was invited and will make their own decision about attending," the source adds.

The IOCs have previously complained about being left out of the ongoing conversation between Erbil and Baghdad.

But this new development could further complicate the talks, especially since Baghdad considers those contracts illegal, null and void, according to a federal court ruling.

Baghdad also says it has "never seen" the IOC contracts. "The oil ministry does not have a copy of the IOCs' contracts with the KRG. We have never seen them," the oil ministry source confirmed to Argus.

Baghdad had earlier proposed a middle ground agreement that would see it amend its federal budget to allow it to pay IOCs operating in Kurdistan, in return for a compromise with the KRG and the IOCs over the recovery cost they claim for oil produced in the Kurdish region.

Prime minister Mohammed Shia al-Sudani said on 31 May his government has agreed to amend the budget law, but that the IOCs operating in Iraqi Kurdistan were refusing to amend their existing contracts with the KRG.

The Association of the Petroleum Industry of Kurdistan (Apikur), an industry body representing IOCs operating in the northern region, has denied those claims. Apikur in a statement published in May said its members would be willing to consider modifications to existing contracts provided the matter is agreed by Iraq's federal government, the KRG and the firms themselves.

By Bachar Halabi

https://www.argusmedia.com/en/news-and-insights/latest-market-news/2576404-baghdad-krg-and-iocs-to-meet-over-oil-exports

Https://uk.investing.com/news/stock-market-news/earnings-call-osisko-gold-royalties-reports-strong-h1-adjusts-2024-guidance-93CH-3639598

You can't continue to hold them, simple. Exercise the exit opportunity and move on. Next time, don't buy stock in sssshhhiiitt companies

*****''The company has a total of 17 programmes signed worth $392m with many more likely to be added in the future given increasing regulatory drivers and evidence of execution.” ******

that's what we want to hear

Unassailable lead

Seeing Machines has now surpassed Smart Eye and there appears to be no way its Swedish rival can catch up in the short term.

Peter McNally, gave a useful summary of where we stand now:

“Cars on the road is proof of engineering execution: Although its competitor Smart Eye was the first to break the 1 million cars on the road threshold in June 2022, it was still “not quite 2 million” in May 2024 (Smart Eye report Q224 on Aug 21st). Seeing Machines reached 1 million in June 2023 and has been the first to announce 2 million. Seeing Machines has 7 Automotive programs currently in production and we believe most of these are still ramping given it takes roughly 18 months to reach full production. The company has a total of 17 programmes signed worth $392m with many more likely to be added in the future given increasing regulatory drivers and evidence of execution.”

Were there a DMS Olympics Seeing Machines would take gold, with Smart Eye in second place. As for Bronze, I’d hoped to award it to Cipia. However, I wonder if Cipia may be hampered by the likely fallout from Israel’s escalating Israel war in the Middle East.

The writer holds stock in Seeing Machines

https://www.safestocks.co.uk/2024/08/08/seeing-machines-takes-gold-with-new-world-record/

seeing machines has proved to the world that it is the leading company in dms, with its latest set of kpis taking it past the 2.2m level for cars on the road an increase of 104% year-on-year. it seems set to pass the 3m level, as predicted here a few months ago.

guardian sales for aftermarket were also solid: monitored connections rose 19% over the past 12 months to 62k despite the gen 2 box approaching end of production.

peter mcnally, analyst at house broker stifel commented: “seeing machines seems strategically well positioned for continued market leadership with tier 1 automotive suppliers valeo and magna as partners, rising adoption, a recently ****logated gen 3 aftermarket product and a healthy balance sheet as it heads toward a monthly cash break even run-rate in fy25e.”

paul mcglone, ceo of seeing machines, said: “we have maintained growth of over 100% in the number of cars on road featuring our technology from 12 months ago, despite the quarter-on-quarter volatility experienced during the year. regulations are now in place so we are confident that these figures will continue to grow for existing automotive programs and as new programs start production.

“similarly in aftermarket, the new regulation in europe will require more commercial vehicle oems to seek after manufacture fitment for our guardian technology, underpinned by successful ****logation (regulatory approval) with our northern ireland customer, wrightbus, as announced on 30 july 2024. with guardian generation 2 stock sold we are now focused on guardian generation 3, initially with european commercial vehicle oems, then all customers across existing markets in europe, the americas and asia pacific.”

cont........

Seeing Machines in-car technology continues to enjoy significant traction

Published: 07:45 08 Aug 2024 BST

https://www.proactiveinvestors.co.uk/companies/news/1053648/seeing-machines-in-car-technology-continues-to-enjoy-significant-traction-1053648.html

Laws will drive adoption so the stock issue is a time issue, which will over time correct itself.

I am of the opinion that you either hold the stock or do not. If the positives outweigh the negatives then I'm happy to hold.

Many thanks for the opinions. My appreciation of events can sometimes prove naive. Off out

Give it time. We're an industry leader. A bid will materialise, eventually

It's heading in the right direction and that's all that matters. I'm happy

2.2M cotr

paul mcglone, ceo of seeing machines, said: "we have maintained growth of over 100% in the number of cars on road featuring our technology from 12 months ago, despite the quarter-on-quarter volatility experienced during the year. regulations are now in place so we are confident that these figures will continue to grow for existing automotive programs and as new programs start production.

"similarly in aftermarket, the new regulation in europe will require more commercial vehicle oems to seek after manufacture fitment for our guardian technology, underpinned by successful ****logation (regulatory approval) with our northern ireland customer, wrightbus, as announced on 30 july 2024. with guardian generation 2 stock sold we are now focused on guardian generation 3, initially with european commercial vehicle oems, then all customers across existing markets in europe, the americas and asia pacific."

the company expects to issue its fy2024 trading update in august.

Q4 FY2024 Quarterly KPIs

Over 2.2 million cars on the road with Seeing Machines' technology with quarterly production of 381,215 units, representing quarter on quarter growth of 22% across 7 Automotive production programs

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, publishes its quarterly Key Performance Indicators ("KPIs") for the quarter ended 30 June 2024.

Q4 FY2024 KPI highlights:

- Cars on the road with Seeing Machines' technology increased to 2,211,422 units, representing an increase of 104% from 12 months ago (Q4 FY2023: 1,086,176)

- Quarterly production of 381,215 units, up 22% from the previous quarter

- Monitored Guardian connections increased by 19% during the last 12 months to 62,010 units (Q4 FY2023: 51,975)

Automotive Production Volumes (production of new vehicles using Seeing Machines' DMS technology):

Q4 FY2023

Q1 FY2024

Q2 FY2024

Q3 FY2024

Q4 FY2024

Production FY2023 - 24

211,325

222,138

208,231

313,662

381,215

% Growth Qtr on Qtr

22%

5%

-6%

51%

22%

Q4 FY2022

Q1 FY2023

Q2 FY2023

Q3 FY2023

Q4 FY2023

Production FY2022-23

105,390

112,077

141,747

173,802

211,325

% Growth Comparative

101%

98%

47%

80%

80%

Aftermarket (Guardian) (installed technology for commercial transport fleets and logistics organisations):

Q4 FY2023

Q1 FY2024

Q2 FY2024

Q3 FY2024

Q4 FY2024

Monitored connections

51,975

54,140

56,896

59,706

62,010

% Growth Qtr on Qtr

6%

4%

5%

5%

4%

Units sold, yet to be connected

7,630

7,189

7,470

6,320

16,127

Seeing Machines Automotive production volumes in FY2024 were 1,125,246, a strong year-on-year increase of 76%. The Group's technology is now installed in over 2.2 million vehicles.

In Aftermarket, monitored Guardian connections have increased by 19% over the last 12 months. Monitored connections at the end of June 2024 of 62,010 exclude Guardian units sold to customers for upgrades. Upgrade sales represented 991 units during Q4 FY2024. Units sold, yet to be connected, reflects the higher proportion of sales in May and June, consistent with previous years.

Following the new Agreement with Caterpillar, announced on 26 June 2024, and the up-front license payment of US$16.5 million relating to Guardian technology, monitored Guardian connections presented from Q1 FY2025 will exclude Guardian units monitored by Caterpillar. Seeing Machines will define a revised metric at the next update, taking this change into account.

Paul McGlone, CEO of Seeing

Cars on the road with Seeing Machines' technology increased to 2,211,422 units, representing an increase of 104% from 12 months ago (Q4 FY2023: 1,086,176)

I wonder if a streaming deal would be possible aka Solgold? The funding structure for GGP's repurchase of the remaining 70% is the key to shareholder accretion