In this interview, exec Chairman Tony Gott of Saietta Electric Drive takes me through:
1) Importance of today’s eDrive agreement with AVTEC Limited. Start
2) Joint ‘go-to-market’ proposition. 03:25
3) Broader Indian opportunity. 05:10
4) Supply chain expansion 06:55
5) Sales pipeline. 09:35
6) Update on US truck/trailer contract. 10:55
7) Revised timeline for marine/outboard motors. 15:05
8) Accelerated path to profitability. 17:15
9) Management changes. 21:45
10) Future newsflow. 22:55
Disclosure: Vox Markets paid me to record this interview.
Hi Paul
Oh what to make of recent events!! I really like the upside on Saietta (LON:SED) but have been wrong all the way down so far. The technology appears to be best in class by far, which is why I originally invested, but at a lowly £20m market cap the market thinks they are worth little. In fact it is saying they have wasted most of the money they've invested so far.
Now assuming the revenue visibility is as strong as Tony alludes then positive cashflow next year should drive the shares upwards. Vic moving roles to the marine division is interesting though and I don't know what to make of this. I get what Tony says, it is a material opportunity and could be worth multiples of the current market cap in its own right, but what is your take on this shift in management?
200p to 20p is the 90% club - absolutely horrible yet the opportunity seems to be as strong as ever. The key is no more dilutive raises - so how confident are we in Tonys assertion?
