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Tesla Autonomous driving can do a lot of cool stuff.
Level 5 is all about Edge Cases. Edge cases are the things humans are really good at and AI is capable of handling if it is programmed with the Edge Case - has learned the edge case - and knows what to do in that particular scenario.
For example 98% of driving autonomously across USA has been doable for 20 years.
The last 2% - well that's a different story. Edge Cases you see, they make all the difference.
The market hasn't really caught onto that.
This is a pretty good summary:
https://users.ece.cmu.edu/~koopman/lectures/Koopman19_SSS_slides.pdf
Also.
We don't know if SEE will ultimately succeed - we can't be sure.
What I am sure of - is that drivers are going to be needing to pay attention for at least another 20 years - for at least 2% of the time.
The thing is - that 2% of the time is when accidents might happen.
Alistair has had more success with a Direct Sales approach than TVG - he probably needs more support.
Given TVG are really well placed in the market it is a poor show not to have delivered anything major from our (only) UK distributor. Especially when business is doing very well elsewhere.
(I have a bee in my bonnet about TVG being inactive - apologies)
https://www.thevehiclegroup.com/fleet-ai/guardian/
I posted about the company a while ago - I have concerns.
Large addressable market in UK - very little sales activity as far as I can tell.
Guardian is listed under Fleet AI.
COBR are not drilling yet. They are re-assaying the results completed by the previous owner to identify the elements that signal presence of gold - referred to as Pathfinder minerals.
It is no quick win on this one - lots of detailed technical work done and to be done before deciding where the drill spins.
Sensible approach.
Isn't the elephant in the room here the cost of acquiring the equity portion of the required capex.
By cost I mean the cost to existing shareholders. Whilst the project is tier 1 on paper and the nextdoor project could become tier 1 on paper it does not change the share price today and the difficulty of raising capital for a junior miner in the present market.
In all likelihood the project will be taken forward and the partners are going to be driving a hard bargain.
JM indicated he wanted to be concluding a deal with a Mkt Cap pre existing of £100m - double roughly what it is now.
Orion has been mentioned with off take royalty agreement and also likelihood of Teck partnering.
I hope JM can generate some bargaining power to drive up the strike price for the equity portion of the funding else dilution of £100m will be eye watering at these prices.
Any thoughts out there on this?
Glad to see the first bit of tough decision making from the leadership. Also - the refocus of R&D to support existing business.
12M is not to be sniffed at for 18 months.
New guidance on revenue is needed as the plan issued is predicated on strong fleet growth for this year and automotive kicking in next year.
I am glad the bonus has been kicked down the lane, it makes sense, along with the pay cuts. PMs objectives are more closely aligned to shareholders. What's the expression - sweaquity?
The whole team need to pull together and totally focus on the commercial aspect of the business, pushing resellers and partners to perform or make way for others that will.
UK certainly represents a cracking business opportunity and with a relatively low cost approach there is a good business waiting to be created. National Express UK are using Guardian (unconnected to TVG). So case study is available. Insurance companies - https://fleetcover.co.uk/fleet-insurance/ - are offering discounts for risk mitigation.
UK has a plethora of fleet telematics companies. It just needs a gentle nudge.
Announced a while back I know. Just thought you may like to see the web page they have.
Filed under Fleet AI.
Not listed on SEE page as authorised distributors though. They also appear to have no external marketing or sales activity for Guardian. We have traction in UK, but not with this distributor.
Any thoughts?
https://www.thevehiclegroup.com/fleet-ai/guardian/
I quite like page 9.
Can someone explain why SEE can't produce such a document?
I guess because there is still so much out of their control as to timing and how the market hates delay. If you say nothing no one can tell you you got it imminently wrong.
The restructuring is interesting - a bit of corporate action.
It wouldn't surprise me (too much) if PMc was beavering away on a potential offer for the company at 6.2p / share.
SEE = Loose change @ 6.2p
Spot on 1pm
safestocks isn't an expert. Just holds a strong opinion and - perhaps previously - had a good source on info.
Oh hang on - you haven't sold SEE.
Sorry to hear that. More porridge for you then.
You got time off for good behaviour then didn't you.
However - Aviation is 2 parts of nowt in comparison to fleet and auto.
Spot on DaddyPig. Been here 11 years. Ups and downs, next year, next year constantly. I was happy with the fleet business and the general technology lead they had in 2008. The progress across such a diverse eye tracking field and ongoing service based monitoring business is really impressive. Sitting on 700,000 of these shares, largest holding by far. Definitely felt stupid, clever, deflated and elated over the years.
Good point.
Anyone recall what the Mkt Cap was at 14p per share? - you know back in the heady days.
Is there a good tool to track mkt cap as opposed to share price - dilution does mess with the perception of company valuation.
Mind reader now. nuff said
Brexit is an act of faith not fundamentals.
Has Chris ever used 'uber' so often or even at all?
Useful paragraph as well:
At CES, Visteon will demonstrate the integration between the SmartCore™ cockpit domain controller and the scalable DriveCore™ autonomous driving controller, which combine to create a seamless HMI between the driver and the vehicle. This interface manages the experience of drivers and passengers as the vehicle seamlessly takes control from the driver or gives it back.
"In addition to developing self-driving technology, Visteon has been focused on improving the experience of the driver and passengers in the increasingly more automated cars of the future," Lawande said. "As cars take over the driving function, it is important for the occupants to understand and trust the vehicle's actions, and for the vehicle to sense its surroundings and the driver's readiness to resume control. We are focused on delivering a comprehensive, flexible and scalable digital cockpit solution for Level 3 and higher applications."