Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Agreed Lewbo. I expect coming up:
- More automotive wins, we know those deals are out there and very close so I expect them to be coming through soon
- More Fleet deals, sounds like demand is up. We've got a couple of big boys onboard and there will be companies that have started worrying about the regulations coming up and want to get ahead of it (mainly for PR!)
- Clarity on ACTUAL values of automotive already won. We know they under estimated and in the coming year BMW will actually start rolling out cars with our product in them in volume. So far it's been the odd car in early production. This year should be much bigger.
So, with the 2k they couldn't install yet and have carried over, that means, on sales, that they near matched the latter half of last year with the first half numbers of this year. Considering the latter half always outperforms the earlier half of the year, that's great news!
As long as they have another strong latter half of the year, which there is no indication they wouldn't, then we are growing very nicely indeed.
Unfortunately, more sellers than buyers isn't always true. The MMs can sell at whatever price they like (as long as they can get shares and someone is willing to do the deal). Therefore if they want to drive the price down they are perfectly capable of doing so. If they have a big order to fill they very well may walk the price down to fill that order at a good price and also scare people into selling. Doesn't mean that a horde of people suddenly want to sell for any particular reason.
Wait it out, as usual. It will come back up at some point, painful as this is. Not like we haven't been here before!
I know these automated things are largely piffle but at least the calculations behind the outcome are somewhat meaningful. If you look at their predictions, the cashflow acceleration is way off in my opinion. It has acceleration for a couple of years and then slows down to a steady rise. Therefore, their DCF model is shooting very very low.
We will definitely see an increase in cars in the road and revenue. It'll probably be in line with expectations but the very fact that it's going to be a decent lift in numbers and an ever developing upward trend should start to lift prices in the medium term
I realise that we all get frustrated when the price is down but we know that we have a huge stack of great news under our belts and a pipeline yet to be reflected in results.
I fail to see how we are in 'only hope' territory. The beauty of investing is that it's it's an informed investment not a pure luck gamble. We just wait it out. The numbers will come through eventually OR someone will realise that they've been missing the golden egg all this time.
I'm also not sure the numbers are reliable.
I believe there was some form of hiccup in there somewhere (can't remember the exact details, but I'm sure someone can) where the mileage actually went down. Not sure it was ever resolved, so that might be breaking your model.
For me, Telegram is useful because the chat 'comes to me'. My ability to read forums/chat fluctuates massively depending on what projects I have obtaining i and therefore weighting and timing of calls. Telegram means it's always 'there' when I get a chance to whip through it in-between calls which is great and allows me to interact a lot more regularly.
I think for a lot of people the instability was the straw that pushed them away from LSE as the primary forum for discussion though. I'm this day and age, you just can't have a platform that goes down for hours.
On the point of needing more socialising of the stock. We are largely II owned now. PIs are a lot less of an issue than they used to be. This really is as matter of waiting for it's time to come, which it will.
This platform will also be used in the new Lotus products (not the sports cars). The SUV (type 132) has a lidar sat above the windscreen, I assume they will be using exactly the same platform. Suggests a Volvo win will be a win across the group for DMS as well
That doesn't make a lot of sense. A lot of Paul's pay is in bonuses paid in shares. Paul has a growing pot of shares.
Even if the targets for gaining the shares are fairly low, it's still in his best interest to have the SP as high as possible. It's also better if it's sustainably strong, which is in line with our interests. What we don't want is a ramper CEO (see SmartEye) who will cause spikes and drops, unless of course he's as good at it as Elon, then go ahead!
'The company' has interest in it being higher as it allows easier access to finance in all sorts of ways so it's good for them too. Since Paul took over we've had increasing quality of communications. May not always be perfect but much better. The news coming out over the last year or so has been very positive and we should start to see license payments in auto start to grow alongside fleet numbers now which should start to provide a trend that will reflect on our SP.
We now have visibility on a strong pipeline, which we didn't have before. This will allow us to monitor both pipeline variation over time as well as have a better idea of what is coming up in the next quarters. Hopefully as the company matures they will be able to forecast this pipeline with timelines more accurately, it's not an easy thing to do at the best of times in almost all industries, let alone when you have new tech on your hands.
I'm still comfortable that the next few months will bring us news and that the reports will be bringing us increasing revenue and margins which is what we need to see. Critical for me are:
1) Increasing royalty payments appearing in results driving up forecasts (both automotive and Guardian)
2) Maintaining a strong pipeline
3) Getting those wins over the line from our T1 partners
Our position is the strongest it's ever been. Frustration eats at us all and we are all optimistic in timespan as ever, but there aren't miracles here, we need to wait for the data. Our time will come.
The values of these, almost certainly will have been written into the bonus contract last year. It will have said (as per the RNS) that it's based on average SP over a period. That could have been higher or lower than spot price.
It's a fair way of issuing shares and gives an incentive every year to outperform whilst still aligning everyone with long term targets. It's a good scheme and as others have said, well deserved.
What's fun about the electric pickup market, which is looking very popular is that, as far as I can see, the only big name one that we aren't in is the Tesla Cybertruck which isn't even in sale and looks like Kryton's head