Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
2020.. Statistically should be wary of just looking at a single data point in isolation as could be an outlier. I did say maybe a proxy. Not definitely a proxy.
The more data points the better. Take Toll / Coach USA and any others that we get granular insight to and you get a blended take up rate.
As an aside I thought you had an issue with the fleet numbers that SEE reported as you thought they were understating them? If my memory is correct then how can the company be transparent? You are now ok with the accuracy of numbers they report?
Thanks for the report reading over coffee tomorrow.
2020...don’t follow your first comment. I did say that Coach USA maybe a decent proxy for other clients?
Statistically should be wary of just looking at a single data point in isolation as could be an outlier. Still 5% rate is surprisingly low but without context difficult to understand if representative.
I’ll take a look at the report thanks. I missed it.
I looked over some of the past SEE updates and there seems to be more granular data in the article than actually released by SEE on numbers of installations...if so that’s shocking. If I was management I certainly wouldn’t want to publish that number as it would only prompt questions.
The installation rate for Coach USA...5% of fleet of 5,000 is poor....suitably understated. They did go into administration and were bought by a financial group April 2019, which would have undoubtedly slowed down decisions but still poor.
Agree with Glandore if more transparency from SEE then shareholders would be better informed.
Scratching my head here as Coach USA numbers don’t align with management position of fleet progress. It’s just one company but would have thought it is a fairly decent proxy for status of others.
Pilgrim....thanks for the advice ...
Not rainbow chasing but 10 months round trip in share price isn't a plus for me. Great company progress commercially wise though.
It's a global economy out there...Hyundai suspended car production in South Korea.
https://www.cnn.com/2020/02/05/business/shipping-coronavirus-impact/index.html
Interesting article about congestion caused by ride hailing apps....Lyft, Uber etc. Got me thinking how this will play with BDMS if at all.
https://www.wsj.com/articles/the-ride-hail-utopia-that-got-stuck-in-traffic-11581742802?mod=djemalertNEWS
The knock on effects are interesting - more car congestion with ride sharing apps blamed. A partial solution was e-scooters but now cities have started banning them.
Oh to be an urban planner.
Esco...in short term of course a positive as II builds a position, however one should also look at the track record of the II and their propensity to pick winners. That I can't tell from publicly available information on LO.
Also wary of too big a position being held and the holder turning bearish or forced seller ala Hunter and Superannuation.
All part of life rich tapestry. Time will tell.
Well back to entry price just about last May. Disappointed with this one.
Lots of promise but getting uneasy regarding cash position and propensity of shares to be issued like confetti at a wedding.
Take on board the building a company aspect, however waiting 2 years to realize value against opportunity cost of other shares is not good for psychic....each to their own....GLA
Zequic... LO underperforming - yes
Not sure how an institutional fund buying SEE could be detrimental to the SP? Unless they have nefarious reasons. That tail wind seems to have dissipated given they have little room to increase holding due to take over regs.
Illusionary correlation - I never suggested that.
This virus is having a huge knock on effect with supply chains that will, as other posters have stated, be seen in the coming months.
Factories are shut - people are being told to stay at home. I have a friend who lives in Shanghai and he likened it to a ghost town currently.
I also spoke with an acquaintance who is involved in distressed consumer space and he is licking his chops at the opportunities he expects to see over the next 6 months.
The virus excuse is let's just say...... convenient and interesting timing given it seems to have been in full force since January so a little early to drag down SEYE financial performance?
CEOs will grasp onto whatever they can to explain underperforming market expectations.....didn't KK trot out Brexit in one of his last updates?
Zequic....I am unsure auto what CFP is exactly referring to, however two shares that LO have been involved in, one with loose connections to SEE via Menon and Lorne Daniels haven't exactly been darlings of the Stockmarket per my post 1/28.
Wameja (name change from Earthport I believe) was a share mentioned by Mr Menon when priced at 5.95p.(haven't looked to see if any dilution). Currently 6p. Our old acquaintance Lorne from Finncap was the analyst and had a price target of 20p back in 2018.
I am not having much luck in getting portfolio level detail for 1798 (LO) but another share they are on the board at is Woodbois. Again share price performance underwhelming.
The funds overall performance is...meh...from my view. Not awful not stellar. 2019 up 9.55% net. That compares to their benchmark performance of 10.38%. Note this is the multi fund level performance not Volantis performance.
PP...a good portion of DD will most likely have been done before meeting face to face. The likelihood of PMC getting a meeting without an institutional investor having done some DD is slim.
Any institutional investors need to be quality and have a good performance record. The last thing the share price needs is an institutional shareholder that is a forced seller due to performance issues. We have been there before.
Part of their global restructuring and cost cutting. Looks like they are focusing on North America , China, Latam and South Korea .
https://www.cnbc.com/2020/02/17/general-motors-gm-retreats-from-australia-new-zealand-and-thailand.html
Hasn't gone down well in Australia - Australian PM Scott Morrison said on Monday he was disappointed and angry at the decision, although not surprised.
"Australian taxpayers put billions into this multinational company. They let the brand just wither away on their watch,"
I know they also shut a big plant in Canada a while back as well.....tough times in auto.
Got my dates mixed up....New Year
SEE closing share price:
1/22/18 - 6.85p
2/14/20 - 4.30p
High in period - 14.15
Low in period - 2.85
SEYE closing share price:
1/22/18 - SEK 49.50
2/14/20 - SEK 113.40
High in period - SEK 125.20
Low in period - SEK 30
Phil....Yes a lot has changed and the journey hasn't been an exact mirror image
SEE closing share price:
1/22/18 - 6.85p
2/14/19 - 4.30p
High in period - 14.15
Low in period - 2.85
SEYE closing share price:
1/22/18 - SEK 49.50
2/14/18 - SEK 113.40
High in period - SEK 125.20
Low in period - SEK 30
BB....thanks for your take. Sure lots of positives in spreading the institutional share base and that is a positive. I also suspect no single reason driving the conversations PM is having.
Maybe I am reading too much into the choice of words and perhaps an inappropriate choice by PM but there does seem to have been an undertone shift from 100% no cash needed to now timing of cash flows being talked about.
I have Gunter whispering in my ear....
I know where I am with my thoughts on this and will be watching eagerly.
Hmmm...curious....
If you have in the past said you are confident about licensing, aviation takes funding off the table, you get through to break-even and have debt options available - why are you "talking about trying to attract new investment?"
See is publicly traded so profiling SEE with tech funds is great but they would generally buy on the open market, which won't "attract new investment" for SEE, rather provides market liquidity and potential share price uplift.
Even a secondary...buying a block of shares from another shareholder provides no fresh funds for SEE.
Maybe a cunning plan for the 6.10 arriving at the station on July 1?
Now of course placing do not have to come at pricey discount. Could someone send me an answer on a postcard?
I do like that they are going to Salt Lake as there are a lot of tech investors there.