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Article now says 16th of May, but will be the European Commission not NCAP. Not getting my hopes up but could be nice surprise https://etsc.eu/european-commission-set-to-announce-major-new-road-safety-package/
Unless people have better sources think its hard to know where shares go, now we have poor public sources and other way is an RNS. In general, agree with all your points around weird with broker and certainly don't agree with the 10p but the company doesn't need the money so if someone tells Ken that he thinks his business is worth 4x share price then I think he will be told to f* off
Was Ken annoyed when you corrected him on that in the shareholders meeting? Sounds like it is management then who is against us Although they just released BMW and are in the news constantly in recent weeks. Confusing! Or are it the 300m shares that are missing, weird that we haven’t been able to find them on Wikipedia and yahoo finance. That 13% should be easy to find if reporting level is set at 5%. Maplin, don’t care about Cenkos just trying to rip apart the poor argument that because they don’t upgrade it means Ken is now convinced that 20p is the right price for his business.
But let’s get back to real research, find this more interesting Japan’s Autonomous Driving Business Investigative Commission made up of Japanese OEM automakers, Tier 1s, government ministries and universities, has also announced that DMS will be necessary for all semiautonomous vehicles that may require the driver to take over from the autonomous driving system, because the driving system will need to know the driver’s attention state in order to do this
The point am trying to make here is that if this is a cheap takeover it will be management who made that decision and they will agree to a certain valuation. If that’s 20p based all that they know then we were wrong about valuation. Simple as that but people here are pretending like a broker will tell Ken what his business is worth
The Cenkos report assumes we win 25% of the market and doesn't say every new OEM win increases valuation. A couple of days ago it was announced we won an AUD25m contract (lifetime, so that's 5m per year?) starting in 2021. Great validation and hopefully loads of upside but based on those numbers and being 3 years away not yet really game-changing. And to demonstrate that things can change, weren't we suppose to be on loads of GM models in 2018 and 2019? A large fleet contract would help us massively and lead to a broker upgrade, however seems pretty quiet there.. Then we are complaining about no broker upgrade but no one is talking about a competitor winning Subaru with pretty cool tech https://www.eetimes.com/document.asp?doc_id=1333236. And this is a 2019 model and not Smart Eye, should we get downgraded now that there is a new credible competitor out there? Pretty shocking to me and hope someone can show me its us anyway (although weren't they always able to announce at least something?) Dont get me wrong am massive believer in SEE but lets be real here and focus on research instead of making up conspiracy theories. If unhappy with the shareprice than buy as much as you can and feel lucky
Just looked into it as well. Looks like 16m of sales for H2 in Fleet needed, Cenkos (14 March) states that 14m of that is contracted already or at sign off. Furthermore, 18m of the 22m for Fleet is from capex sales (vs monitoring) so assuming full-order of Guardian 2.0 is shipped before year-end you should be able to meet that. The point am trying to make is that delayed production of Guardian shouldn't impact the budget much given limited sales coming from monitoring fees So you are right if milestone payment for BMW is agreed you should be at top-end of budget if not better. Happy days indeed and would love them to revise 2019 target upwards too. This should take away any concerns about running out of cash before profitability is reached
https://www.thecarconnection.com/news/1116335_eyes-on-the-road-and-you-hyundai-verisk-team-up-to-monitor-drivers-in-effort-to-lower-insurance-costs Interesting article on insurance and driver monitoring
interesting indeed, 3 days ago when read it was described as he was pushed out but looks like he quit himself http://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2018/apr/0418-carlisle.html
Given a take-over would be public, surely any low valuation would trigger a number of people to jump in? There must be alot of people would interested to buy SEE for £500m (17-25p) and this would spark a public bidding war? At such low valuations even people that serve just certain verticals like Autoliv must be super keen. Support of management and VSI only goes so far if someone significantly outbids
2nd of May the European Commission is coming out with a new plan for road safety, so potentially mandatory driver monitoring is included Their existing regulation is very old and by just meeting that you would get 0 stars at Euro NCAP
https://twitter.com/ntsb/status/980852942260621314?s=21 Changing attitudes and behaviour takes a sustained awareness effort, better laws and high visibility of enforcement of these laws NTSB awareness month in April focussed on distracted driving
https://www.leftlanenews.com/cadillac-xt4-getting-super-cruise-sooner-or-later-100215.html Fair reason why not on CT4 yet, guessing less related to price of SEE but more of other sensors