Member Info for Seeing2040

I believe the lower than expected order book and lack of guidance is holding the share price back here.

Even the highly researched Seeing2020 thought the order book was 37%(!!) higher than it actually is. Following the year end report he said:

"Main point for me was its [the order book] A$320m from the existing nine programs ... hence this is excluding the yet to be announced A$120m via Magna."

I think the low order book has somewhat spooked the market. It clerly thinks the £35m a year secured revenue equates to a mcap of £418m.

I also think the company refusing to issue guidance makes it hard for the wider market to work out a sensible valuation.

Once more contracts are won and guidance is provided at the end of this FY, I believe we will see a re-rating.

Something to highlight to all readers, James. Nothing more.

Did you know that everyone has subconscious writing styles and personality traits that make it very hard for them to "pretend" to be someone else online.

This makes it very easy to spot when a regular poster is behind a "new" account on here.

Thanks Modest, I was only reading through RNS'd vehicles but of course, Bluecruise is SEE. Ford website says its available on the F150 and Mach-E so i've updated the list. Cenkos' February report has licensing fees at A$20 per vehicle, so it'll be helpful to run the current possible vehicles through based on that.

I too believe the next 2 years will be transformational, and the above will help identify when we'll see a step change in revenue - and hopefully share price rerate.

Mercedes Benz S-Class (available)
Mercedes Benz EQS sedans (available)
Ford F150 (available)
Ford Mustang Mach-E (available)

Cadillac CT4 (unavailable)
Cadillac CT5 (unavailable)
Cadillac CT6 (unavailable)
Cadillac Escalade (unavailable)
Chevrolet Bolt (unavailable)

Following on from the previous thread on auto revenue, does anyone know which vehicles currently offer SEE?

We were told 9 in June, but I believe 5 of those are now pulled. Can anyone complete or update the list? This would help with a more detailed model for auto revenues.

Mercedes Benz S-Class (available)
Mercedes Benz EQS sedans (available)

Cadillac CT4 (unavailable)
Cadillac CT5 (unavailable)
Cadillac CT6 (unavailable)
Cadillac Escalade (unavailable)
Chevrolet Bolt (unavailable)

Brockwl - I’m not sure auto will be A$10m this year.

The half year came in under forecast (A$3m v A$3.6m) - with fleet outperforming (A$15m v A$13.5m).

With GM no longer offering Supercruise on a number of vehicles, I suspect we’ll see the same pattern for the full year.

I do think Fleet will continue to build momentum and will hopefully surprise in FY2022. We might get a nod to this in the Q1 update at year end.

Thanks Gladore - helpful to have some figures and remove some of the noise around the news. It will be interesting to see if these metrics shift in the next set of accounts.

Great to see this forming a base above 10p - well done to all the LTHs. Hopefully a good year ahead!

Cenkos has slashed the 2022 automotive forecast by a staggering 46% - noting several OEMs believe the NCAP and EU mandate will be pushed back. Are you aware of any delays?

Previous Auto forecast (A$m):

2020: 6.54
2021: 17.31
2022: 78.38

Current Auto forecast (A$m):

2020: 1.58
2021: 7.70
2022: 42.12

Cenkos has slashed the 2022 automotive forecast by a staggering 46% - noting several OEMs believe the NCAP and EU mandate will be pushed back. Are you expecting the dates to change?

Previous Auto forecast (A$m):

2020: 6.54
2021: 17.31
2022: 78.38

Current Auto forecast (A$m):

2020: 1.58
2021: 7.70
2022: 42.12

Question: Have you done the appropriate level of due diligence on the new CFO?

Today's RNS states, "her most recent role was CFO at Blue Sky Alternative Investments (ASX:BLA) where she was engaged to conduct an investigation into the business' financial function and provide the CEO and Board with a comprehensive analysis and transformation roadmap to repair legacy issues and conduct a business turnaround."

In reality, the firm went into receivership in July 2019 following reports of "wildly exaggerated" asset values at the firm.

https://www.businessnewsaus.com.au/articles/the-rise-and-fall-of-blue-sky--a-timeline-from-asx-powerhouse-to-pariah.html

"I'm hoping Monday morning is manic as we are all excited by the details in the RNS and Cenkos report.

- FY20 Reforecast A$60m+ is fine for now, current forecast is A$51m
- Aviation News
- License deal update, could be linked to Aviation but they have never said that
- breakeven moved forward FY21 or possibly FY20 (if we have a license deal this financial year)
- funded to profit

#Team 300"

Give me a break...