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Phil, i don't see this as the same as CAT.
CAT
- Mining was by far our largest revenue stream back then
- we needed the cash as you point out
Collins
- Aviation revenue is tiny at this point
- we don't need the cash
- hence, I suspect the deal is more weighted towards the royalties than upfront, but $10m (A$15m) for a division with pretty much no revenue is very material
Deals like this take a long time, Paul and Pat would have been dealing with big hitters who may have felt the could bully the little guy, once again Paul has proved to be a great dealmaker.
Let's also remember this is all upside we have nothing in our forecasts by any broker for an Aviation deal, it should be an immediate upgrade.
Also, I fully expect at some point soon enough Paul will do the biggest deal and sell the company, this makes that much easier as it now 'cleaner' for any buyer.
The numbers of the deal will be material
- $10m (A$15m) license fee
- NRE
- royalties
Well done and worth the wait.
In a truck also
SM integrated into the Magna Mirror is a 'standalone' product, as deadlines approach for NCAP and GSR the more we see delays the more likely the Magna Mirror will take the lions share.
We have worked alongside Mbly on a number of our OEM wins, GM Supercruise was mbly as an example.
More importantly we have won VAG already via Magna Mirror, so they are well aware of our qualities.
Porsche might get the headlines but the volume is in the Golf and ID range of models.
My view is
- The large SoP is VW
however,
I also suspect we will have a large(r) RFQ win for VW, you don't cover a high % of VAG for A$125m.
VAG is the gift that keeps giving
Https://spacconsultants.com/israeli-co-autotalks-nears-2b-valuation-spac-merger/
Amberella is the Nextbase link
https://www.globenewswire.com/news-release/2020/01/06/1966434/0/en/Nextbase-Unveils-World-s-Smartest-4K-Dash-Cam-With-New-Life-Saving-Technology.html
https://www.carwow.co.uk/news/6613/new-bmw-models-coming-soon#gref
If my maths is correct we are seeing a decent increase in Fleet sales as the year progresses
My calc is (connected less previous qtr connected) - the movement in 'sold not connected'
Q1 515 units
Q2 990 units
Q3 3,150 units
* Q3 includes 1,294 units of replacement sales
DR, we have
- 10 OEMs
- 15 individual programmes, ie some OEMs have multiple programmes
seperate to that we have
- models in the production (previously 30 was mentioned)
- cars on the road, updated in quarterly updates
I am sure its the models and cars on the road that JT was referring too, if we had signed a contract for a design win programme it would be an RNS
Click on it a few times and it works
From 2h 52mins he speaks about regulatory
5) Lincoln
https://www.caranddriver.com/news/a43621406/2024-lincoln-nautilus-hybrid-revealed-details/
4) F150 Lightening
https://www.brandonford.com/blog/what-ford-cars-have-blue-cruise/
Seize, that's not going to happen, the company will issue the on the road numbers in the quarterly updates.
In terms of models with Bluecruise, thats our job
They are a basket case, they said this at 5pm
"The process for recruitment of a new permanent CFO is ongoing"
7pm they announce the new person