Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
"Packed wall to wall with analysts". Hopefully an indication that wider understanding of this company is coming.
Recording of the meeting available on Angle website later & having listened live, I'd say it is worth a listen. I didn't really notice much new info but still a valuable recap of where we are and where we are going.
Whatever anyone says on here, the only way to know what they really think about this company deep down, is do they own the shares or not.
We don't know if what we are told is true but certain posters on here rant furiously about how terrible the company is but yet... They have persisted to hold the shares even when they had the ability to sell at 5.4p.
Either
(i) they are nuts, in which case we can discount everything they say or
(ii) They are not telling us the truth about their holding or misrepresenting their true thoughts about the company, in which case we can discount everything they say or
(iii) The ranting is a layer of frustration etc sitting on top of a solid base of belief in the future of the company.
We don't know which of the 3 options are true. No need to attack anyone for what they post (except one particular idiot in the distant past) but well worth keeping in perspective everything that is said on here - even by the optimists.
Yes I do believe they will exceed the full year target. To be slightly naughty - I'll point out that CEO share scheme payout is driven by the share price in June not the share price in January.
HOWEVER - speculating about current year sales is like wondering if the ice cube in your Martini is too big while your ship steams towards an iceberg. Current year revenues are not a pimple on the backside of potential revenues in a few years time with markets potentially worth £1billion per annum to play for. Share value (not the same as price) is not driven by current year revenues being $25m or $35m except to the extent that that informs our overall assessment of SEE's ability to secure a share of the $1billion market.
Maybe part of it could have read:
A successful half year for Auto leaves Seeing machines as the DMS supplier to
GM
Ford
BMW
Daimler
Byton
Chrysler
OEMs that collectively are involved in production of one quarter of all autos sold globally.
Seeing Machines is well place to secure further OEM wins given the validation provided by having already won these major OEM contracts plus our new partnership with Qualcomm and existing relationship with Xilinx and multiple major Tier 1s.
OEMs with RFQs currently in play or expected in 2020 represent an estimated further 25% of the auto market though timing is difficult to predict and the amount in 2020 could be significantly higher or lower but we note significant momentum in regulation and OEM thinking.
Projected minimum revenues from the OEM contracts already secured amount to $200m but this relates to a small share of each OEMs vehicle production and expansion contracts will be discussed in 2020 and beyond. These OEMs produce more than 20 million automobiles per year and we increasingly expect penetration to increase rapidly building to the majority of these vehicles having DMS given developments in regulation and NCAP in Europe and the leadership this has taken in world thinking. The 6 OEMs represent a potential DMS market in excess of $200m per annum with margins of 50% - 85%.
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This is speculation on my part. I have no more access to facts than any of you. Do your own research before making any investment decisions.
I don't think others will follow Volvo. Toyota will make their own decision as will VW, as will the others. Nice to get Volvo, if we do, but it is a relatively small manufacturer. If we do take them on, I hope it is to supply with minimum customisation so it doesn't distract from bigger fish. If we were looking for OEM1 it would be a different story, but with the OEMs we already have, they are not worth getting too distracted by.
Charlie Munger:
"But of course it’s true. It’s perfectly possible to buy only one thing because the opportunity is so great and it’s such a cinch. There are only two or three. So the whole idea of diversification when you’re looking for excellence, is totally ridiculous. It doesn’t work."
https://acquirersmultiple.com/2019/08/charlie-munger-diversify-portfolio/
Looks like a big vote of confidence by ASK. Consider how much they'll be paying to Shield for the pleasure of developing the China market for Shield and add to that how much ASK will have to spend on developing that market. It is a very sizable investment by ASK and they are doing it for a reason - they think they'll more than make their money back on profits from sales.... and then Shield pick up a nice percentage royalty on those sales too.
I've been watching Shield for quite a long time and I've picked up a small initial holding this morning. Very happy to have been able to get in at 188p which I think is a very good entry point given progress achieved.
Still here. Made a small sell at 741 but kept most. Bought in this year because I felt macro economic risks are being given far too weight in the share price. Macro risk seems to have reduced further since then.
The actual job of labeling is normally done by unpaid fools like you and me. For example, when you have to do the "I am not a robot checks" when purchasing online. "Click all the squares that have traffic lights in them" they say, and then you do their labeling for them. I would expect a professional with labeling in their title to be managing a project not actually physically labeling, picture by picture.
Has anyone had any success with getting email replies out of SEE recently?
Regardless of other strengths and weaknesses, Ken was great at replying to shareholder queries until near the end. He even arranged an HQ tour for our esteemed friend. CMD was a great effort in shareholder relations and I hope that will be built on by answering sensible queries in a reasonable time. Of course we don't want them to take it too far and become excessively distracted from building the business.
Soulboy,
Market value auto DMS, per annum = [number of light vehicles sold in the world each year] x [percent of autos sold with DMS] x [Selling price DMS]
number sold each year = 100 million currently and growing (easy to find figures on t'internet)
selling price DMS = AUD$14 (per Cenkos)
percent of autos sold with DMS = ??? Semicast view, 70% in 2026 for Infra Red based DMS. Cenkos are in a similar ball-park.
Your obvious next question is what will the margin on these sales be? Cenkos seem to think more than 80%. You can find comparable products (eg forward facing camera tech) being sold to auto OEMs at massive scale with 75% margin. I like to use 50% margin. I like companies to deter new entrants by staying modest on margins.
Schlemiel. SEE were at pains to say that they CAN detect when a driver is not up to the job of driving due to impairment but it was not their job to say the cause of that impairment. Drug intoxication, drunk, ill, just found your husband in bed with your brother, whatever the reason, all the system needs to know is that you are not in a fit state. They also said that it was up to the OEM what they decided to do with that info, if anything. It is a minefield. What if you live in Californian countryside and are a little drunk but are fleeing a wild fire and the only way out is to jump in your car and the car won't let you drive.... Maybe the car should just warn you not to drive, be aware that it needs to increase sensitivity of automatic braking and other L2 systems and record the fact that you are driving impaired for liability purposes.