focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I see this as positive news in that these deals are always done with forward planning and they will have lined up an appropriate investor for the next stage of our journey. Lots of reasons why our major shareholders rebalance their portfolio and hopefully they’ve gone down bro good hands - now let’s have a business related RNS for a change !!
https://www.cnbc.com/2022/11/02/qualcomm-qcom-earnings-q4-2022.html
Not great news at all for Qualcomm but all being driven by the outlook on the smartphone business. Their new revenue streams not of sufficient scale yet to counter the impact and shares down 6.5% in after hours trading.
Brock - yes I just rechecked and 2021 the price was comfortably above the 7.6p threshold all year but I’m scratching my head on 2020 as as far as I can see the SP only rose above 6.1p in early December and I’d thought the 30 day average wiped them out but perhaps the average weighting towards the end of December pushed it over and they awarded him half. Anyway I don’t think any of us will complain if the SP exceeds 12p and 15p over 23/24 to give him his balance.
Seeing - Yep I get the point and as you say with the lines being now well and truly blurred if there’s business there I’m sure SEE will go after it - did anyone on here who was at the townhall meeting discuss this point with PMG?
At one point yiu might have thought this was a slam dunk and I recollect some on here saying the prices had been set too low. Such has been the uncertainty of our market, what it’s worth, where it’s going no surprises only frustration that non of the thresholds have been hit. The first scheme is a straight stock grant of 12m so he can now take those anytime up to July 2023 - the second scheme is also a stock grant one but with thresholds they have now recalibrated for this year as the target not hit ( he lost the first two years ) Its not unusual for Boards to reset options/ grants when the price is underwater and if he can get the price to 9p then 14p ( and hopefully higher I don’t begrudge him that.
Interesting reading this morning on various takes of the extent to which Mobileye will either need to acquire us or someone else or indeed substantially ramp up their tech development to bridge the gap with the likes of QC.
Not sure if I’d seen it posted on here so I’ve just read through the Mobileye prospectus to get a sense of what they themselves are predicting and notwithstanding the ‘woes’ we think they have I think they are going to provide a bigger competitive challenge, certainly over the next 3 years, than many of us anticipate.
“We estimate, based on our existing design wins through July 2, 2022, that our ADAS solutions will be deployed in more than an additional 266 million vehicles by 2030, including approximately 37 million vehicles based on our first half 2022 design wins and approximately 50 million vehicles based on our 2021 design wins. These estimates are based on projections of future production volumes that were provided by the OEMs at the time of sourcing our design wins with them for the models related to those design wins. “ Very fluid situation we know but with $1.3bn revenue acknowledged by them as being substantially ADAS related that business isn’t disappearing overnight. To be frank that doesn’t bother me because the total addressable market is growing as is our share of that so we know our revenues will exponentially ramp up. Worth a read anyway to remind ourselves they will remain a serious competitor.
https://www.sec.gov/Archives/edgar/data/1910139/000110465922104640/tm227410-15_s1.htm
Found this link too re AGM attendance:
https://www.marketscreener.com/quote/stock/SEEING-MACHINES-LIMITED-4005679/news/Seeing-Machines-Notice-of-Annual-General-Meeting-42101042/
Glandore - found this draft when I went searching but unclear what the changes are.
https://docs.publicnow.com/viewDoc?hash_primary=00568B3E3893B56B68FEA386F7AE058FC519974A
Wilson I think the answer is with the best will in the world we won’t have a 100% market share of the ‘mirror’ related business. Magnas experience from their relationship with Mobileye was 70% ( hence they’ve used 70%) and whilst we have read extensively that our main competition in this space Gentex are really technologically behind , prudence would dial the estimated market share back. PMG indicated the mirror element May account for 50% of DMS sales but from everything we are reading and in particular this article, maybe more OEMs are late to the game and in need of a quick fix may turn to Magna for a solution that makes them legal by the deadline date. That’s obviously good news for us and ups our share.
So maybe we end up with more than 75% if there’s no credible completion - that would be famine to feast and all I want at the moment is RNSs to tell us we’ve won something !!
Sorry if this has already been posted but I missed it when looking at the Ojoy Oshida report last week.
https://ojoyoshidareport.com/mirror-deal-between-magna-seeing-machines-reflects-regulatory-push/
In a normal world you would have expected our SP to rise today given all the news coming out of Sweden. Instead we have continued selling which at least is allowing new investors to buy into our story. A few RNSs please to kick this upwards!!