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Understand your thinking. Some of the extra are definitely RFIs, Paul said so on the call this morning.
To my mind, everyone HAS to install these devices legally therefore that business must come in. It's a very very safe bet that all that business is out there and coming in over the next few years. RFIs, even more likely. What's more SEE tend to be on the conservative side, so you might be doubling down on your safety margin.
Again, everyone has to assess their own risk, but to me, the charts in todays presentation make sense and give good insight of the likely path of the next few years. As Paul said, should know more shortly as the current RFQs start to resolve.
That's 18m units based upon current RFQs in bid.
If you look at the other chart, there are RFIs that haven't been added to that number yet but are visible plus expected growth in RFQs, leading to give or take 43m units @$20 a pop e.t.c.
That gives a different picture.
Nobody could predict Cenkos' amazing ability to not reduce their discount in the face of any news...
Hopefully with a new broker, we might get a decent price target that moves when news comes out
Tesla are nice from a PR perspective. Not sure they are going to be quite as big a market as their market cap suggests though! From reviews I've seen the model Y is around the same level as the Mach-e, winning in some tests, losing in others. Certainly not 'beating the pants off' the Mach-e
It's a lot to read so haven't got through all of it. I'd be interested to know more about the false positives as I think that's something that SEE could give some detail around.
A lot of the feedback is by way of asking the drivers what they thought, to be honest, I'm relatively happy with the feedback from them, it improved quite a bit from their initial reaction to the end of the study. Considering this will always take time to win people over and a lot of drivers are always going to answer "don't need it, I can drive just fine without it" getting a fair spread of positive responses is to be applauded.
As you say, Shell have tested this thoroughly, as have others so would be interesting to see the difference in results of the studies/trials.
I appreciate not over promising, that is sensible but QCOMM seen to be handing out information about our companies growth that our company won't tell us even after it's announced by an international giant.
They all sound super excited on Twitter at the moment but they need to give us some RNS sugar, they aren't Elon Musk.
I'm certainly feeling less frustrated, even up until earlier this year I was having the same argument with people at work about self driving and how quickly it's coming.
They even claimed I was a conservative investor because I went with a 'legacy tech' rather than the forward looking self driving. The conversation has been going differently recently with folks feeling that self-driving is not going to be all the way there for a long time.
And on this one, I would imagine that there is nothing stopping anyone running a separate DMS on a Qualcomm platform if they really want. Would it be as efficient? No. There aren't too many reasons you would do this I would imagine as it's not optimal but I doubt they would go to the effort of blocking it completely (it would be hard). It just means that they won't be using all the smart optimisation of the chip for DMS.
Possibly, great yes. I haven't worked with Shell specifically so I don't know how they operate BUT I have worked on supplier side contracts like this a lot.
My word of caution is thus. These agreements often either:
1) Have a company wide mandate to adopt in certain circumstances pushed by procurement - good
2) Have a company wide supplier preference pushed by procurement - means that our sales teams have the right to sell internally, good, but you have a high reliance on procurement to point you at worthwhile efforts and still report progress to procurement which can be time consuming
3) Have a company wide mandate NOT pushed by procurement - very hard going usually, sales and engineering often spend a lot of time engaging for small teams around the business who don't really want to do it because it's more work
4) Procurement disappear because they've 'done their job' and you are in the system - This is a PITA because you never really gain traction
Remember you are still probably dealing with internal teams all of whom manage their own budgets which are no doubt tight.
What I'm saying is, this *could* be huge but it depends on how Shell operate and their intentions. Let's not write a big cheque yet, it explains why there's no monetary value yet. We are approved for purchase, NOT bought widely throughout the company (yet). It's highly likely to get traction anywhere it's legally mandated on the road I would think of course...
Reads to me that it's not us.
It's software only, it is adaptive to whatever type of camera the manufacturer wants to link it to IR/HD/whatever else you can think of.
Probably means it's slower, more power hungry, less efficient and less safe from what I read there.
Good to see these systems starting to come up more now. It always feels like we are nearly there, but it actually seems like we really are months away now from the bulk of announcements.
- Where do you see the biggest opportunity outside of our traditional core pillars (automotive, fleet, aviation)?
- Progress on Aviation contracts?
- View on timelines for automotive contracts?
- Thoughts on likelihood of further consolidation in the industry?
- Chip shortages any impact?
- Which region are we seeing the most growth in on Fleet?
- Do you feel the risk of inflation globally could impact margins?
The fact that the two companies are so close in valuation points towards the wider market still being poorly researched. I think that they have taken a roughly finger in the air valuation to the industry and then applied a broad discount.
As news comes out there is a lot of room for re-rating as researchers get more comfortable with the industry and the potential starts to be more obvious