The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It is not the job of the company to manage the day to day swings in the share price. The job of the company is to provide long term value. They should not be distracted from building a successful company by daily or weekly gyrations in the share price.
Of course, the company does need to make sure that in the long term the stock market valuation of the company comes to reflect the true value of the company.
Ha ha ha. That journalist reminds me of the filter boys - he's forgotten to do his research!
Journo is worried the Mach E won't sell but... its sold out already!
https://www.carsuk.net/it-looks-like-the-electric-ford-mustang-mach-e-is-sold-out-until-2022/
Exactly, S7. Ford have no idea what the F150 customers want and they have wasted hundreds of millions on Co-Pilot (incorporating SEE tech) and they won't see a penny back in sales. Sure, the F150 has been the top selling truck in the USA since 1977 but anyone can have a run of good luck, it doesn't mean they have any idea what they are doing.
Its just a truck and the USA is a nothing market no-one cares about. I can't see this going anywhere if we are just going to launch into rubbish vehicles like this. And yeah, leading selling vehicle in Canada too but so what?
Ford are clearly not backing our tech. Putting it into their best selling vehicle is just how they experiment with daft technologies they have no intention of rolling out across their product range.
This will have zero impact across the auto industry. We need profile.
Scene in The Usual Suspects where the "guilty man just goes to sleep". I feel like that now. I feel like my massive bet on SEE is now totally and unarguably vindicated. We can all do a collective mike-drop now, then, with the fight over, we can all just go to sleep for a bit. SMASHED IT. Share price will catch up sooner or later. The rest of the World will catch on and scramble for our shares. Anyone getting in now is lucky. Us long Term Holders can just chill out. Niiiiiiiiiice
This really is transformational. So much more than I was expecting at this point.
Ford have been chatting about wanting to make this technology available to the widest possible range of people and not price people out of it, for example :
Ford’s team won’t be drawn on how much it will actually cost when the software is ready. “It will be highly competitive,” Palmer insists, “because we want as many people to have this as possible.”
https://www.slashgear.com/ford-active-drive-assist-adds-hands-free-mustang-mach-e-driving-the-details-18625352/
Now the tech plays a very prominent place in the F150 launch - you don't get any more mass market than that. I feared Ford would initially put us only in more niche F150 versions such as the electric power-train version, but not a bit of it! They are really going with this tech in mass market.
GM have been great for SEE (and we have been great for them), getting SEE product out on the road and setting the bar in "Autopilot" with Supercruise in Cadillac and have had great success with rave reviews and high take-up rates among customers.... But Ford are now taking this tech mass market. Truly transformational.
Terry. You are one of the best members of this board. You post a huge amount that is useful and interesting , far far more than I have in a long time. While I might agree with the substance of your criticism of this poster, I think the language does not reflect your excellence.
I actually don't think there will be much SEE news tonight. I don't know but my best guess is that for the F-150 we will feature initially on some of the more niche models, potentially only those being launched later than tonight, before being expanded out to the wider range at a later date.
But I don't care too much.
We already know we have a contract with a US OEM worth $50m - $250m and guess the margin to be 70% - 90%. We "think" the OEM is Ford. WHATEVER IS ANNOUNCED ON THE F150 TONIGHT DOES NOT CHANGE THAT.
There is only one point of significance to being in the F150 -launch tonight - profile. We all know what this company is worth and that it is a lot more than the current share price and F150 news tonight does not change that. If we were heavily noted in the F150 launch tonight, the difference that would make would be raising our profile and potentially helping the wider investing world to understand the value of SEE. IMHO, SEE already has value far beyond the current share price. Share price transformation will come not from new creation of value but by SEE being better understood by a wider audience. The value is already there.
Not going to back up my title statement "way undervalued" in any way. The board residents know it and anyone new has several thousand decent posts on the matter to read here. No one is getting their mits on my shares at these prices.
Mobileye 6 is a retrofit ADAS system. It does not include driver monitoring. The article referneced by terrym is about a truck operator using both Seeing Machines Guardian and Mobileye 6.
Mobileye 6 does things like forward collision warning and lane departure warning. https://www.mobileye.com/uk/fleets/products/mobileye-6-collision-avoidance-system/
No big price jump yet as we appear to be in essentially in the same situation we were before - we know the massive potential and the significance of the contracts already secured and have a good idea of the names of the customers, but the wider market does not. Our excitement is peaking because it looks like we are getting close to the point of RNS et al which will explain to the wider market what we think we already know.
Caveat being: I can predict everything reliably except the future.
Found it. See below. Bloke from Veoneer says "USD$1bn order intake typically accumulates into USD$4bn-$6bn lifetime revenue". So initial $50m order from Ford could end up as.... very very nice.... with margin, depending on your point of view, of 50% - 90%.
Sorry if I'm sounding a bit rampy today. I am just feeling very pleased with the immediate future at the moment :-)
My post from January 2019:
https://www.redeye.se/themes/autotech/videos
Video "Redeye Autotech Seminar". At time 1:53:44
Veoneer say "USD$1bn order intake typically accumulates into USD$4bn-$6bn lifetime revenue".
Veoneer use Seeing Machines for DMS (see 1:49:51 in same video).
Worth remembering when looking at the value of RFQs mentioned in the RNS and the values of initial contracts already announced.
Vague memory of Veoneer (or was it another Tier 1?) talking about how initial contract values (like the $50m) become much bigger later. Can't remember what factor increase they said was typical as more models get added to the same platform etc. Was it x4 or x6? Either of those would comfortably take the contact past your $150m :-)
Ford's hands free system was top Story on Automotive News "First Shift" update. I'm greedy so I wish they were mentioning SEE by name and mentioning $50m initial contract value.
https://www.autonews.com/video/first-shift-fords-hands-free-system-targets-options-gm-tesla
Can be various reasons for changing the financial calendar. Most of them are pretty spurious and it is sometimes just personal preference of the new FD/CEO, and we do have relatively new ones....
It can also be because you feel you are outgrowing the current regimen or because you are prepping yourself to move to listing on an exchange which has stricter rules than AIM on frequency of reporting etc. NASDAQ, LSE main market etc.
Normally it isn't exciting but it could be and the fact they've bothered trailing it in the newsletter might lead us to guess that SEE are doing it for an interesting reason. Probably a red herring though.