The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Qualcomm picks up an award as ADAS Innovator - I wonder who was behind that ?
https://twitter.com/qualcomm/status/1633920654998396929?s=46&t=4iTTGsTkdFoiL-buaEhdWQ
lol indeed - the Roth Conference is the next showcase for us early next week so with PMG and Martin ‘Ive Now Got 5m’
continuing to shmooze in the US over the weekend we can expect lots more nudging and winking going on AIM between now and then !!
Seize - I’m assuming it’s all private invitation only as not on SEE website, no Google mention so no link. I did read although can’t remember where that some of our major partners like Magna will be on the platform wherever in New York it is being held. PMG has repeatedly said ( as he is prone to do) that any new II’s would need to buy stock on the open market. If he puts on his Italian accent again I’m sure he can drum up some US investors which at open market price would not be a bad thing for any of us.
Still feeling let down today and this week at the fact that the SP has taken a dip, and whilst short term SP should not be a concern for us, it shouldn’t of happened in a week where we have reconfirmed H1 numbers from two weeks ago and affirmed to the markets we will hit consensus. I’m blaming SEE and indeed Cenkos for this for not managing the markets expectations well enough and how absolutely petty of them to lower by a calculated fraction of 1p what has been hugely risk adjusted downwards to start with!! Tomorrow however I will feel better !!
Brock
Share your concerns about todays SP reaction and scratching my head too about Cenkos’ numbers -hadn’t realised they had dropped their SP prediction - and that’s from our old broker who up to now have been acting like our current one! The company most definately needs to use tomorrows Q&A to answer those anomalies.
As for the US investors I think you may be confusing next weeks Roth Conference with this weeks CMD - the two are different events and this weeks will see a few of our major partners on stage with us no doubt extremely supportive of our collaborative efforts
After much thought I’ve come to the conclusion that everybody on here is right. Phil is right because without the $5.4 million of magna revenue our sales would only have been up by a meagre 20% rather than the 54% reported.
Most of the other posters however are also correct because the facts are that the real revenue growth is not going to come until the second half and FY 2024. It seems absolutely ludicrous that following the same numbers having been announced two weeks ago, our SP has taken the dip it has today and that’s after the company has confirmed we will hit our numbers.
There’s clearly a lack of belief out there the business is coming and it certainly doesn’t help that our 12+ RFQs are still in abeyance and hopefully we will hear positive confirmation over the next two days. But I also think we also have to remember that we are not a business selling widgets where our salesforce is out there and can reliably predict the next periods sales. We are in a disruptive new business and the rules/ needs/ demands/horizon is changing on us all the time. We’ve already heard PMG use the imminent word to his embarrassment in addition to leading us to believe an aviation contract would be signed by the end of last year and rightly they have totally frustrating expectations . But these have clearly been out of the hands of the company and when you add to that that we will be pretty much reliant for the majority of our sales in the future through the reported sales of the OEMs via our Tier 1s you can fully understand why this is not your usual business and hence the unpredictability of reporting. With growing scale this will change, but in reality, I don’t think any of us expected to see a material growth in our top line until FY 24 anyway, so let’s not get too hung up about that now, but rather focus on the bigger picture, which clearly via things like the Italian Job presentation paints an amazing g picture of what’s to come. Hopefully more tomorrow and at CMD. One man’s jam tomorrow is another’s willingness to be patient and frankly that’s what I think we need to be frustrating as that may be to many.
Nice start to the week
https://twitter.com/seeingmachines/status/1632591837071302657?s=46&t=4iTTGsTkdFoiL-buaEhdWQ
Well pre 7am it was looking a strong possibility but clearly perhaps not material as you say. The good news is that they appear to be more social media savvy than in the past as I saw it on Twitter early doors. Maybe small potatoes in the scheme of things and it’s the big licensing deal they’re set to announce pre NYC - let’s hope so. Anyway it’s helping stabilise the price at the mid 7s so hopefully next week it’s hello 8s or 9’s !!!!
https://www.canadiandefencereview.com/news/australia-awards-cae-19-year-contract-extension-to-support-adf-flight-training
Hello RNS this morning????
We really have had a good look into the future with this Italian presentation perhaps now confirming once and for all the huge amount of work going on behind the scenes to deliver a sustainable business. Clearly patience is going to be needed in the short term but hopefully over the next few weeks we will get positive news filtering through either pre/ post results and capital markets day or beyond. One of the key pieces of news PMG dropped out in his Italian aria was that we are now waiting on 12 RFQs, a quarter of which involved mirror based solutions and also Toyota which because of the huge volumes could be dual sourced but which not surprisingly PMG sounded happy about. As he said time is running for the OEMs so decisions will have to be taken soon - patience !