Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
2pm GMT
Schedule:
Vision & Strategy - Cristiano Amon, President + CEO
Technology Differentiation - Jim Thompson, CTO
Business Update - Cristiano Amon, President + CEO
Financial Overview - Akash Palkhiwala, CFO
Q&A - Cristiano Amon, President and CEO; Akash Palkhiwala, CFO; Jim Thompson, CTO; Alex Rogers, President, QTL & Global Affairs
Closing Remarks - Cristiano Amon, President + CEO
Wish I hadn’t seen this!
ColdFishPie, you might be more credible if you could at least spell your possessive pronouns correctly.
Collins Aerospace are one of the largest suppliers of aerospace and defence product and are a subsidiary of Raytheon Technologies. They are one of the largest aerospace, intelligence services providers and defense manufacturers in the world by revenue and market capitalization. Market cap. $133bn
“Collins plans to offer the PSS to aircraft manufacturers and operators for forward-fit and aftermarket installations, once the technology becomes available for commercial implementation”
Guessing that it hasn’t been built yet rather than the product already developed ?
Wondering if PM will announce that we expect to bleed black sooner than expected in 2023...
What a joke!
I read somewhere that some investors now think that equity value has nothing to do with current or future profits but rather its derived from a company's ability to be disruptive; to provide social change or to advance technologies - even when doing so results in current and future losses. With that train of thought, surely SEE would be considered disruptive....
Growth stocks seem to often outperform value stocks these days
SEYE report, but very useful to help understand how EuroNCAP will make DMS a standard safety feature in all new vehicles...
You can download it here, it's not a long read...
https://smarteye.se/blogs/how-euro-ncap-will-make-driver-monitoring-systems-dms-the-new-safety-standard/?utm_medium=email&_hsmi=181585655&_hsenc=p2ANqtz-8Z-3u69rDhOoEybr2vYFIcVBtFoDMK3srgyJwa6rLlMhWaJgqB3DWLuWyDBa8TN0e04QC5yIkeTWLhZQBhF461s0OcRA&utm_content=181585655&utm_source=hs_email
The mind boggles as to how Rivian can command such an absurdly inflated value of nearly $100bn when they have no profits or revenues to support it. They do however have $1.8bn of losses in a quarter. Clearly all their (anticipated) future growth is accounted for in such a ludicrous market cap. Can't help but wonder when the EV bubble will reach it's climax...especially when people wake up to the fact that EV's aren't as green as they say they are...
https://www.theguardian.com/environment/2021/nov/10/bezos-rivian-world-biggest-ipos-shares-electric-carmaker-ford-general-motors-stock-market-debut
If only it could have been announced after Cenkos finally upgraded us on 24th - which was pretty much guaranteed
Redeye has noted two important regulatory updates only in the last week - both positive for Smart Eye and Seeing Machines. 1) pulls rollout of DMS in Europe closer than anticipated and 2) ensures full penetration grade in the USA.
1) Europe – 75-80% DMS take rate to be expected in Europe from late 2023/2024
For Europe, we see positive, though still a little fuzzy news. In an updated e-book, Smart Eye said that “Thanks to Euro NCAP, Driver Monitoring (DMS) will practically be a requirement for new car models launched on the European market by 2023”. While it’s still not official whether this means in the beginning or end of 2023, it’s still earlier than 2024 which we had anticipated. The full assessment protocol is expected to be published by the end of 2021. By then, we will know the exact implementation date.
Euro NCAP, the European New Car Assessment Programme, is the association that provides safety ratings for different car models. In order to get a five-star rating, a car needs to fulfill certain requirements, of which one will be DMS. In our understanding, the maximum number of points will be 18 (compared to 16 right now), of which DMS will give a car model 2 points. The safety rating is then decided from the percentage of the maximum number of points that a car model gets. As of now, we don’t know the exact limits for each level.
Most car manufacturers want all their models to have five stars. 14/64 (79%) of models in 2019, 10/12 (83%) out of 12 models in 2020, and 15/21 (71%) of models in 2021 achieved a five-star rating (source). This points towards a five-star rating being almost a must for car manufacturers to be relevant for buyers. This points towards a 75-80% DMS take rate in Europe slightly after the introduction of Euro NCAP 2023. However, we think this high take rate will wait until 2024. Nevertheless, it is likely to accelerate take rate in Europe already in 2023.
2) USA – 100% DMS take rate from 2026 or 2027
Last Friday, a Bipartisan infrastructure bill was passed by the House of Representatives in the USA. This bill included the SAFE Act, which includes mandatory DMS. The bipartisan infrastructure bill demands “Drunk Driving Prevention Tech” and includes DMS to be required in all new cars.
The bill directs the National Highway Traffic Safety Administration (NHTSA) to initiate a rulemaking process and set the final standard within three years for impaired driving safety equipment on all new vehicles. Inside the bill, it is the “SAFE Act” that requires Driver Monitoring Systems (DMS) to detect distracted driving.
This bill is equivalent to EU’s General Safety Regulation, which means that penetration will be 100%, i.e. all new cars will have to involve DMS. We believe US NCAP/NHTSA will include a gradual ramp-up during a few years preceding the full transition. NHTSA then gives OEMs 2 - 3 years by to implement the tech which should be 2026-2027
Qualcomm Delivers Premium In-Vehicle Experiences for New PEUGEOT 308 with Snapdragon Automotive ****pit Solutions
https://www.qualcomm.com/news/releases/2021/11/10/qualcomm-delivers-premium-vehicle-experiences-new-peugeot-308-snapdragon?mkt_tok=Mzg1LVRXUy04MDMAAAGAp_DESdb9_axCbKWATkfAi8BIT1DnimrQi9_ZUmDZJLapMGEm8517JZm6sklJAf1***JmQ5Yo03pVp29_lXvtpFJPvtg3ap5WFOov382zpTEHzA
Have Stifel been any better than Cenkos though?
Let’s hope that at least it’s the back of Mr 16p…
They should have asked the LSE chatboard community - some on here could give any brokers a run for their money!
Whilst I agree that we could see 20p by year end once all of this imminent news that we are waiting on is announced, we still need to remember that we are a loss making company and will continue to be so until 2023 so it might not be until then that the SP and markets fully recognise the value of what’s happening…
sorry for the double post, LSE wouldn't post it initially....
Yes, if we get even just one great auto announcement, in addition to the positive sentiment around the US regulatory news - and Fleet, as well as the upcoming QC + SEE results and investor presentation days, then surely we could be 20p by year end. The Redeye SEYE report noted that their RFQ announcements were "imminent" and certainly by Q1 next year. Come on McG, throw us a bone!
Yes, let’s hope so. The Redeye SEYE report said that they expect the RFQ’s to be announced imminently but certainly by Q1 next year. If we got even just one this month, combined with the positive sentiment around the US news, Fleet and the upcoming QC / SEE investor presentations, surely we’d hit 20p by year end. Come on McG!
Qualcomm - two upcoming presentations which are relevant:
16th Nov - 9am ET (2pm GMT) CEO Cristiano Amon to lay out company vision and strategy for an intelligently connected world. "Qualcomm stands at the intersection of key trends that are accelerating digital transformation and fueling the cloud economy. This is driving demand for our industry-leading roadmap of relevant technologies, creating a significant opportunity for growth as we continue to successfully execute on our diversification strategy across mobile, auto and the IoT. Amon’s keynote at the Company’s Investor Day will be the first time the new CEO will outline his strategy for the Company and vision for the future. Live stream on the Qualcomm website."
1st December - 3pm PST (11pm GMT) Snapdragon Tech Summit 2021 - Keynote Livestream hosted by CEO Cristiano Amon. SEE are relevant to the discussion at this titled, “Snapdragon : beyond the smartphone - new categories and partners defining new experiences”. Live stream on the Qualcomm website.
We don’t need to persuade people to buy DMS. Long lead times in auto manufacturing - which can be 2 years - mean that all automotive companies need to *now* be preparing for future mandated requirements by seeking quotes and nominating their suppliers. Customers don’t pay for parts which are required by law. Safety features like airbags are required for a vehicle to pass an MOT, so in future I would imagine that OMS will too be a required component of an MOT.
https://europe.autonews.com/automakers/vw-reveals-sleek-id5-suv-awd-option-upgraded-software
Lets hope its just a reflection of the massive potential of this sector right now, highlighted by Redeye and QC results...and nothing more just yet