The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good to see him put his hand in his pocket again. 7m shares in less than 12 months as CFO, very significant
I listened to the pres again this morning, I really like the cut of Martins jib, no bs no AIM dreaming, a no nonsense CFO who has brought a focus on cash, exactly what we as shareholders should want
Cash Profit:.
- It's the right measure, many AIM companies focus on profit or even worse adjusted EBITDA, which contains 'accounting judgement'. Cashflow positive is the right measure, Cash is cash, cash is Reality.
- he explains the cash position very well. $31m at end Sept, we have a further unwind of the working capital and reduced cash burn into the end of FY24. Martin predicts $15-20m cash at June 24.
- then cash flow positive runrate in H1 of FY25, so 12 months from now.
- answers the cash question very well, no fundraise, no structured debt, if we do need any cash it will be via a "receivables" upfront payment from a blue chip client. So no worries on cash.
Imo a very solid CFO who plays a straight bat, exactly what we need.
Well, you do like to drone on, so are well placed to "help the drone"
I doubt they do double maths
So eye tracking to help with cyber security?
How would that work
What about Troll monitoring?
Good news you want to be appropriate
Short, we do know which manufacturers are using the tech, have you not read the RNS's and done some basic research.
GM
Mercedes
Ford
BMW
Fisker
Stellantis
VAG
Honda
Aaroon, I agree those numbers are impressive, however
-they are based on minimum contract values
- they exclude any new design wins
- they exclude expansions from existing OEM
- 2024 is a few months away
I expect we do more like $1bn in auto royalty revenue over the next 5 years an average of $200m per annum
Paul has achieved a lot in his time as CEO.
Greatest achievement so far is the Magna deal, which is 12 months old tomorrow
What's he got lined up pre the 16th Oct?
Today, Fisker announced a momentous event for customers in the United Kingdom. The company marked a significant milestone by delivering the first right-hand drive electric SUV to a customer in the United Kingdom
Having listened to a few old interviews again, time has run out for the OEMs
I see more than 50% of the current live RFQ going to Magna mirror. Then we have Valeo
Then as Paul says incumbency will rule
#Team300
Safestocks has a long track record of getting the big industry calls correct, predicting wins and trends long before any RNS.
I do find myself agreeing with Glandore though and whilst I wouldn't call safestocks deluded he has definitely low-balled it suggesting a PE could purchase us for as low as $5bn.
Perhaps Menon and Shortwick work for the same PE house and ate trying to talk the price down?
Colin Barnden
"I haven't seen anything like this before"
Mic drop
I have never predicted an "Outsatnding October" but as my tea leaves were a little out for Sept it's a rollover.
Of course we have finals on 16th, but thats still 2 weeks away, lots of time for news pre then.
So from next week one should expect
- multiple auto design wins for big dollar
- Gen3 launch and big big volume order(s)
- Aviation win for 333
Rockets, take off, to the moon, etc
It's coming, I can feel it in my waters.
Buckle up its going to be an exciting time...
Sept was dull and boring, not spectacular but not a disaster either.
Personally, I would like to congratulate the team at Smarteye for their Volvo win.
Competition is apparently good after all