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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Saietta Group Plc | LSE:SED | London | Ordinary Share | GB00BNDM6X87 | ORD GBP0.0011 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.65 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Motor Vehicle Part,accessory | 2.41M | -27.81M | -0.1914 | -0.03 | 944.19k |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.65 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 05/4/2024 | 11:28 | ALNC |  Saietta shares cancelled from AIM trading as puts itself up for sale |
| 05/4/2024 | 07:00 | UK RNS | AIM Cancellation - Saietta Group plc |
| 04/3/2024 | 16:30 | ALNC | EARNINGS AND TRADING: Impairment charge pushes Quartix into the red |
| 04/3/2024 | 11:59 | UK RNS | Saietta Group PLC Appointment of Administrator |
| 04/3/2024 | 07:30 | UK RNS | AIM Suspension - Saietta Group plc |
| 04/3/2024 | 07:00 | UK RNS | Saietta Group PLC Intention to Appoint Administrators |
| 01/3/2024 | 15:53 | UK RNS | Mole Valley Asset Management Ltd Form 8.3 - Saietta Group plc |
| 01/3/2024 | 14:08 | UK RNS | Amati Global Investors Ltd Form 8.3 - Saietta Group plc |
| 29/2/2024 | 17:00 | UK RNS | Dean Stevens Form 8.3 - Saietta Group plc |
| 28/2/2024 | 17:47 | UK RNS | Saietta Group PLC Holding(s) in Company |
Saietta (SED) Share Charts1 Year Saietta Chart |
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1 Month Saietta Chart |
Intraday Saietta Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/5/2024 | 16:25 | Saietta Group Plc with a share price chart | 2,002 |
| 28/7/2021 | 12:09 | SAIETTA - (EV) Electric Motor Maker | 21 |
| 13/9/2012 | 09:36 | Saltus European Debt Strategies Ltd. (SED) | 13 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 01/5/2024 09:20 by Saietta Daily Update Saietta Group Plc is listed in the Motor Vehicle Part,accessory sector of the London Stock Exchange with ticker SED. The last closing price for Saietta was 0.65p.Saietta currently has 145,260,370 shares in issue. The market capitalisation of Saietta is £944,192. Saietta has a price to earnings ratio (PE ratio) of -0.03. This morning SED shares opened at - |
Posted at 01/3/2024 15:00 by deltalo Today 14:08RNS Number : 3194FAmati Global Investors Ltd01 March 2024FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the "Code")1. KEY INFORMATION(a) Full name of discloser:Amati Global Investors Ltd(b) Owner or controller of interests and short positions disclosed, if different from 1(a):The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.(c) Name of offeror/offeree in relation to whose relevant securities this form relates:Use a separate form for each offeror/offereeSaiet |
Posted at 28/2/2024 20:27 by donk7 Brummy_git - 27 Sep 2023 - 08:23:59 - 1173 of 1798 Saietta Group Plc with a share price chart - SEDTerrific news today from specialist eDrive developer Saietta All the details here. .................... Would like to hear Paul Hill's comments given his previous bullishness on this thread. An odd stock to push given the horrendous cash burn (probably following Gervais Willliams / Premier Miton), but it's only right he should give his take when the almost inevitable has happened. It's a 135 'de-bagger' from its original IPO valuation. |
Posted at 27/2/2024 22:40 by bones699 My AGL investment sucks my average share price is 40p current share price 12p its a basket case just like me! |
Posted at 08/1/2024 14:24 by diversification I hope not to come across as crass in response, as that is not the intention.Many here have good reason to show frustration, however I don’t believe the share price decline can be fully attributed to the board taking the wrong turn, it has been a terrible market for as long as SED has been listed. Let’s hope a better market lifts all boats. Indeed, internal forecasts/projection Projected unit cost was infact something I see that you have attempted yourself Ownski, back on the 3rd April 2023: “Drives to AYRO selling at over £1600 a pop. Great news to start the week with, this puts to bed a lot of uncertainties WRT will the business model deliver wont it. It validates the business proposition, the recent Vox interview is worth a visit as it outlines what they're aiming at, today's news removes some of the jam tomorrow risk that was built in here.” It’s one of the only ways of exposing such market sensitive information for these fully integrated drive trains and can still be wide of the mark. To be frank, this is a speculative stock at this moment in time that has been able to raise funds in a challenging market (purpose of IPO), when many thought impossible. In my opinion and the opinions of others SED has a great product and market potential. I hope for all shareholders that this comes good and I have positioned myself accordingly. I am not here to bicker or defend the company, but do find these boards useful for debate as I maybe missing something. |
Posted at 08/1/2024 08:26 by diversification Moonshot3, so I assume your aim is to post and attempt to discredit the board and argue the toss against anyone who attempts to make sense of any questions presented?If not for using the internal presentation and RNS’d data used to date what information would you propose using? Again internal projections of 150,000 units a year with further expansion possible have been reported. Initial purchase orders for pilot production that started in October prior to full production that padmini vna have reported to begin in February can again be taken at face value but as a shareholder, at 17p the market cap reflects the need for the board to deliver, or else the share price would already be back over 200p. Internal forecasted figures are reported over 5 and 3 years respectively. As is the respective revenue which I expect to be variable year on year depending on PO’s. This is a R&D company moving into full production, I don’t think any answer can be black and white, especially when attaining information such as profit margins at this stage. It’s a new market for the production of AFT and RFT drive trains over a very small period of time. Almost unheard of to go from R&D small cap to mainstream supplier to an OEM, but that speaks volumes for the product and the Indian supplier. As for Saietta, with a strong workforce, attracting some of the best talent the country has to offer in their respective fields, this isn’t because they are a Mickey Mouse company. Yes the board may have over expanded during a period when market funding was easier to come by, but those wrong turns are being put right, unless 2024 proves otherwise, in which case even those invested at 17p would also be losing money. As a relatively new shareholder, I am with the major shareholders on the register, they will deliver. |
Posted at 29/12/2023 11:33 by diversification Over and above the £150m minimum order book, interestingly Paul Hill states that the company has an expanding pipeline of over £200m of new opportunities and is in discussions with potentially 2 new partners re the commercialization of the marine division.I found of particular interest the statement within ‘Going concern’. “The Group and Company operate in markets that are rapidly growing and has strategic plans that respond to such growth. In delivering those plans, the Group is mindful of the ultimate benefits from maintaining control over the deployment of its intellectual property in applications with major OEMs and within its joint venture arrangements. In order to do so, it recognises that at times it will potentially need to co-invest or defer investment to its partners to enhance the future value it can achieve from application of its products. In such instances the commercial merits will be weighed in determining whether funding is sought.” Adhoc funding will be associated with further secured OEM relationships requiring a ramp up of potential production beyond the stated 150k unit capacity. We have been made aware of future funding via both commercial/strategic investor discussions including with one of the OEM’s re future financing which in turn would negate a requirement for a placing in Q2 2024. Historical interviews have stated that an RNS that related to a ramp up in production could contain non dilutive funding agreements to help with immediate cash flow requirements. I believe that it is for this reason that the board chose to minimize dilution at the current share price and I believe that our recently disclosed American major shareholder recognized this. SED joint venture partner recently stated that the AFT will be in full production from February. Their is certainly plenty of news in the pipeline. |
Posted at 29/12/2023 09:21 by swiss paul Unaudited Interim Results for the six months ended 30 September 2023Saietta Group Plc (AIM: SED), the multi-national business which designs, engineers and manufactures complete eDrive systems for electric vehicles, today announces its unaudited interim results, covering the six-month period ended 30 September 2023 (the "Period"). Financial Highlights for the Period · Group income (including grants) of £1.4m compared to £1.3m in prior Period · Gross profit of £0.1m (H1 2022: £0.1m) with a gross margin of 9% (H1 2022: 13%). The decline in gross margin reflects both the absence of retrofit revenues in H1 2023 and high manufacturing costs prior to the Group's recent automation of production. · £0.2m of gain on disposal of fixed assets in the period, generated through the restructuring of arrangements with ConMet. · Loss from continuing operations, before tax, of £7.9m (H1 2022: £9.4m) largely reflecting a lower share option charge. · Adjusted EBITDA1 loss of £6.5m (H1 2022 £6.3m loss) · Net cash at the end of the Period of £0.5m Operational Highlights · On 3rd April 2023, AYRO Inc. placed an order for 3,000 AFT eDrives to be supplied from Saietta's Sunderland facility. Orders commenced shipment in Q2 of the financial year 2023/24. · On 1st August 2023, Saietta and ConMet agreed a restructuring of the arrangements to develop an in-wheel motor and in-wheel generator for the US truck market. The agreement resulted in a gain on disposal of fixed assets in the period of €200k. · In September 2023, production commenced in the Delhi factory facility of Saietta's Indian joint venture, Saietta VNA, producing AFT (Axial Flux Technology) motors for the OEM (Original Equipment Manufacturer) customer announced on 27 September 2023, with initial five year volumes expected to be for a minimum of 40,000 units. Post-Period end · On 13th November the Group announced that its Indian JV, Saietta VNA, had secured an order for its new RFT (Radial Flux Technology) eDrive system, from its major OEM customer in India. This validation of Saietta's proprietary RFT motor opens up the huge electric 2-wheel market in India. Target volumes indicated by the client, suggest this initial order will scale to an expected minimum of 60,000 units over a 5 year period. · In December 2023, Saietta announced it had completed a fundraisingof £7.14m before expenses. Proceeds of the fundraising will be used tosatisfy the Group's working capital requirements through to the end of March 2024 and to support growth of the Company's Indian joint venture, Saietta VNA. Outlook · Saietta and its Indian JV, Saietta VNA, have secured high volume OEM relationships in India and the US which are set to utilise the production capacity they have developed in Delhi and Sunderland. The Group is therefore ready to enter the next stage of its evolution as a large-scale manufacturer. David Woolley, Chief Executive of Saietta, said: "The first half of the 23/24 financial year has been challenging but Saietta has made significant strides towards its full transition from an R&D company to a full-scale production manufacturer. During the Period, Saietta reached operational readiness in its joint venture facility in India and successfully commenced deliveries to its US customer, AYRO Inc. The development of in-wheel motors and generators for trucks was transferred to Consolidated Metco Inc. ("ConMet"), resulting in an upfront payment to Saietta of €3.3 million and potential additional future license payments of up to €20m. This allowed the Group to narrow its focus on the lightweight EV opportunity in India. Demonstrable evidence of the demand for Saietta's proprietary eDrives in India has come from an initial AFT order from a global OEM which is one of the largest producers of light commercial vehicles in that market. Post the Period end, the benefits of the Group's focus were further realised through an additional contract for Saietta VNA, namely, an order from its lead OEM customer for Saietta's proprietary, all-new RFT motor, mated to a bespoke Saietta controller, transmission, axle and vehicle control unit. Saietta has now raised £7.14m of additional funds (before expenses) in the market which, with tight control over costs, will meet its working capital needs until the end of March 2024 and management continue to explore alternative sources of funds to take the Company through to a cash positive position thereafter. I am therefore delighted to be at the helm of Saietta as it enters this exciting phase." Delighted - Ashamed more like it. You allowed Teflon Tony and Vick the sick to run this company down. |
Posted at 20/9/2023 18:44 by swiss paul Saietta Group plc (AIM: SED), the electric vehicle drivetrain ("eDrive") specialist, announces the appointment of David Woolley as Chief Executive Officer ("CEO") with effect from 2 October 2023. Tony Gott, who has been acting as interim CEO since April 2023, will continue as Executive Chairman until the end of the financial year when he will revert to his previous role as Non-Executive Chairman.David John Woolley, aged 61, brings a broad base of experience over a 35-year international career in leadership positions. David spent 10 years between 2011 and 2022 as CEO of Concentric AB, a Swedish NASDAQ listed company which is one of the world's leading pump manufacturers, focused on reducing emissions and maximising performance from diesel engines. Since 2017, he has focused on the transition from the internal combustion engine to EVs, specifically in the development of motors, controllers and software for eTrucks, eBuses and eMachines. Most recently David spent 17 months as CEO of VIE Kapital AB, investing in technology-based manufacturing companies primarily focussed on electrification and decarbonisation. Tony Gott, Executive Chairman, said: "We are pleased to welcome David to the Saietta team at a key time for the business as we move into series production of our innovative eDrive solutions at our manufacturing plant in Sunderland, UK, and at the new production facility in Delhi, India.David brings unrivalled experience from across the industry including a deep understanding of Saietta's strategically important Indian market. His experience in driving the transition to electrification will be invaluable for the development of our future strategy and product portfolio." Commenting on his appointment, David Woolley, said: "I believe that Saietta's innovative technologies have a pivotal role to play in delivering electrification, especially in the lightweight vehicle sector. I am delighted to join the team at such an exciting point on its strategic journey as we ramp up production in the UK and India and strengthen our product portfolio for the future. I am looking forward to working with the team to deliver sustainable, profitable growth." |
Posted at 04/4/2023 10:57 by southernsong Agree with your post 763, owenski.Very relaxed about SED with no pressure or sense of urgency to sell on this initial rise; the share price has merely picked itself up from the floor from finding itself in a heavily oversold position. I'm pretty straight and upfront when it comes to sharing when I'm buying, holding, adding or selling. For me it's a hold and add and I'm confident further news over the coming weeks and months will take it higher and possibly significantly so. The gap back to the c.150p level is wide open. This should be a wholly realistic target if the company can deliver on a few more of the price drivers we all know are there imo. I concede I did not envisage this update re. AYRO, so it's a very nice bonus ahead of what should be a rich period of news flow. As I posted yesterday and as owenski rightly points to, the news is hugely significant over and beyond the initial purchase value.....which in itself is impressive enough. And also great that it has come from the USA, where SED are already involved in developing a scaled HeavyDuty product with ConMet (who are a player of global reach / significance). With so few shares in issues, and fewer still in free float, I expect to see these move up with relative ease as buying resumes, which it will, imo. The recovery we've seen to date has seen decent buying on any retrace. If the company can continue to prove tangible progress on its multiple divisions and so de risk, the stock should move back to previous levels. The Executive Chairman, Tony Gott, who now appears to be handling investor engagement, is experienced and credible having had previous roles which include Vice President Jacobs Engineering, Chairman and Chief Executive Rolls-Royce Motor Cars Ltd, Chairman and Chief Executive Bentley Motors as well as Director of Engineering, Rolls Royce and Bentley Motor Cars Ltd. Listed under his key areas of expertise include: Leadership of high-performing multi-functional teams, Strategic Business Growth Planning and Implementation/Trans We know that the last fundraising was completed towards the tail end of last year at 138p and as at the end of February the company had around 11M in cash. Since then the company has reiterated the operational targets for 2023 and we can see there is plenty on the horizon, whilst cautioning of course that a target is only that until it has been hit. India: * JV established with major LightDuty player Padmini. * 10+ OEM engagement in the Indian LightDuty division. * Premises and production line in India completion imminent. * Confirmation of full Indian supply chain in place via AVTEC * Contract for 85K units in place, pending Purchase Order confirmation (which should contract the customer to full order roll out). A significant development if it happens. * Potential to manufacture product locally in India to supply export markets. Marine (via 'Propel' brand): * S1 (outboard motor) and D1 (inboard motor) fully developed but delayed full launch and sales due to disruption to supply chain and software. * Company working to resolve asap and so possibly sell into the 2023 boating season. Updates due. * S1 is already an award winner (red spot design award) and is competitive on performance. * D1 has already sold £1.5M worth on launch, prior to supply chain disruption. * Distribution Agreements in place in the UK, Ireland and various in Scandinavia. * Stringent and imminent European legislation coming into force regarding ICE outboard engines in the leisure boating industry, with a rapid shift to electrification expected. * Potential to license S1 and D1 into the huge US market. * Electrification of this sector has already seen significant and early investment and buyout potential as existing ICE manufactures seek crucial exposure to electrification. See Torquedo, PureWatercraft and Epropulsion as examples: Deutz acquired Torquedo for 100M euros and GM invested $150M for 25% of PureWatercraft. Arc raised $30M and Epropulsion raised $25.5M. These are all relatively 'early stage' entrants. * We await news on Propel's supply chain issue and hopeful resumption in sales. HeavyDuty: * Joint Development Agreement with ConMet, a USA based global player in Heavy Duty truck powertrain and generator development. * Locations globally with an OEM customer base including familiar blue chip companies (think Volvo). * Early end-customer engagement via ConMet, with SED jointly developing solutions in electric drivetrain and onboard generation. Summary: SED have achieved a lot since their floatation and have rapidly grown from a company with employees in the tens to now hundreds. The technology is modular and scaleable and easily adapted into different applications / divisions. IP is thought to be around both the stator (the inner part of the AFT motor) and the manufacturing of it. These advances are thought to be key in bringing AFT technology (Axial Flux) to the LightDuty sector specifically, where previously it was considered too expensive for this application. Advantages include lower power consumption, greater distance / range (+10%), higher torque and better driving experience. In the Indian LightDuty sector specifically, SED will, in collaboration with the AVTEC supply chain and produce a complete 'edrive' solution....ie not just the motor, but also the inverter, software, gearbox, final drive and control unit. The margin on providing this solution is thought to be greater and is thought to be ideal to the OEMs as it suits the rapid 'bolt in and go' adoption of mainstream production lines. We look for news on all of the above throughout 2023. The company and the various opportunities it now has on its books are still speculative and of course first have to come good, but yesterdays purchase RNS into the USA is very encouraging. As owenski rightly states, the order RNS prises SED away from being an interesting R&D technology company, into one that is now actively manufacturing and fully commercialising what they've developed.....all at what can be considered an early point / stage in the electric vehicle market. It's a very positive step forward. An update on Marine (via Propel) - which I think WILL come - should further validate the company and its ability to develop laterally and penetrate the market. I may have missed things. Written to the best of my understanding only. ADYOR and NAI etc. |
Posted at 31/3/2023 16:29 by owenski "Entry point"Worth getting to grips with some research about the business and then forming an opinion on the potential prospects with a view to some kind of rough market cap it could aspire towards. Good to be in early and ahead of 'the game', but it's not binary, all priced in on one or two days of price action, it's still early days in my view at least. The share price seemed to be trashed but that was against a general market malaise and flight from all stocks, especially small caps and AIM. There was possibly a divergence from the CEO's enthusiasm and the reality being delivered with some delays showing up, this may have caused an acceleration of the selling here. However, the recent interview (links have already been posted on this BB) addressed the business prospects and the 'concerns' and together with the recent supply chain news, perhaps showed that the valuation here was severely adrift from the operational prospects. Also, the funding issues were addressed and the result was a very credible update. I think it was inevitable that this recent rise took place and is merely a reality check from a destroyed valuation. Worth remembering that they raised cash at 138?? a few months back and still have 11m of that on the books, of which they were very clear, would take them to EBIT positive. 138p raise and we're at 40p ish, for a business still very much going places, I'd say with the promised market update news flow promised, those who bought at 138 (mostly institutions are expecting a lot more than 138p, obviously such increases are over a future time horizon with proof of delivery etc, yet here we are in the 40's. So...entry point...do some research and figure. |
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