Future Mobility Solutions - FMS [was Sealegs - SLG]

[stevo1]

LOL roger........agree they seemed overp=priced way back then, although they obviously have been selling all they can make. The order books are always full and I believe they actually reduced the price of the original 6mtre model to make them more competitive? Boaties are now regularly forking out $150k plus on large trailer boats now so with SeaLegs unique offering they dont look so over-priced anymore......niche market anyway. I can only presume (hope) that once the 8mtre plus models hit the market at maybe $250k plus their profitability will increase exponentially? Anyway I wish them well and I for one am more than happy to support and invest in local KIWI innovation and expertise.

No worries provided you are investing in KIWI innovation and not just supporting others life style with your ambivalent nature surely profit return to shareholders is the sole purpose of investment .10yrs is a looong time without result.And $204000 on $16,000,000 turnover looks to be a very poor return on capitol particularly when you look at history over 10yrs

[GR8DAY]

No worries provided you are investing in KIWI innovation and not just supporting others life style with your ambivalent nature surely profit return to shareholders is the sole purpose of investment .10yrs is a looong time without result.And $204000 on $16,000,000 turnover looks to be a very poor return on capitol particularly when you look at history over 10yrs

...ah .........NO? Not all of us invest purely for profit return (not that Ive had a lot at stake over the past 5yrs, but that is changing now) ........I personally have a strong interest in "things marine" ......SLGs Patented Amphibious Technology is cutting edge......just love to see the Chinese try and copy it, yea right........glug, glug, glug!

[Beagle]

My view is that the local boat market is very, very slow. These boats are an especially attractive option for waterfront home owners but many of these owners have seen a substaintial reduction in the value of their sea-side mansions since the onset of the GFC. My gut feel is it seems inappropriate for the directors, managers and staff to have enjoyed employment, (one would presume on reasonable terms), for all that time and for shareholders the owners of the company to have seen nothing. In a world where value is the new cool, I can't help but wonder if people arn't going to look for more value based boating solutions but the bottom line for me is the shareholders interests don't seem to have been accomodated properly so I wouldn't invest at any price but as a keen boating enthusiast I wish shareholders well.

As an accountant of 30 years experience I fully understand that new start-ups take time to find traction and build market awareness...but I would have thought this company would have been rewarding shareholders quite some time ago. Be careful, who is really benifiting from its continued operation, my 2 cents.

P.S. You can buy a high quality 6 metre boat for well under $100K.

[westcoaster]

Everyone is so down on the cost of this amazing technology... These craft are not designed or marketed towards the average Joe, but to the rest of the population for which money is NO factor. Yes there may be a quality 6mtr boat for under 100k but it wont be amphibious, unfortunately most of us will never afford one of these boats but that doesn't mean they aren't worth it.

[Beagle]

Its not really a case of whether the boats are worth it or not. The business model hasn't worked for shareholders, that's all that really matters now and heads should roll in my opinion.

[GR8DAY]

Its not really a case of whether the boats are worth it or not. The business model hasn't worked for shareholders, that's all that really matters now and heads should roll in my opinion.

........AH SORRY DISAGREE!....if you think new models/products, marketing, sales, international patents etc happen easily your'e mistaken......good things take time, sometimes very long AND we're nearly there. A $2,000,000 turnaround in 12mnths for a company of this size is nothing short of spectacular and bodes very well for future growth and expansion. Im personally very happy to have part ownership of this well positioned co. although I do agree it has been a long road. I wouldnt be rubbishing them now.......I'd be investing in them instead or you might just miss the boat!!

[Nigel]

..I'd be investing in them instead or you might just miss the boat!!

"Miss the boat", get it? It's a play on words. Like "miss out", but it's about boats. Like Sealegs. Ah, genius.

Excuse me while I regain some level of poise... right, that's better. Now, where was I? Ah, yes. As well as appreciating the sharp wit evident in the above post, I also agree with the sentiment conveyed by the writer. The recent result does mark a significant turnaround for this company, and profitablility - coupled with an improved operating model - increases the hopes of a bright future. The board looks very different from the 'historical' board and it looks like maybe they now have the right people to chase further success.

[GR8DAY]

......thanks for explaining that to everyone NIGEL.......I was trying to be subtle!! LOL Anyway your'e quite correct on new management replacing "historical" plus SLG also now have a strategic EUROPEAN PARTNER (see below) who will no doubt be wanting to inject new marketing ideas to further grow SLG to an internationally recognized brand and acknowledgment of the world leader they are in Trailerable Amphibious Craft. I believe they have already delivered a large order to the Malaysian Govt for Search and Rescue work on their waterways.......the Military is yet another significant application. I believe with further talk of rising sea levels and increasing flooding etc as we are seeing, these "boats-with-legs" will become more and more accepted as the answer to the issues surrounding these disasters?? Here's hoping anyway!



Announcement
S/HOLDER: SLG: Sealegs welcomes a new European shareholder 04:43p.m.
SLG
05/03/2013 16:43
S/HOLDER

REL: 1643 HRS Sealegs Corporation Limited

S/HOLDER: SLG: Sealegs welcomes a new European shareholder

Sealegs announces that Avenport Investments, its principal shareholder, has
sold a block of shares to a strategic European investor. The transaction took
place on 4 March 2013 for a total of 2,483,836 shares at 19 cents. Avenport
Investments now holds 47,016,164 shares representing 38.736%.

Eric Series, Chairman, said "Sealegs was recently approached about a possible
share acquisition. Given Sealegs has a sound financial position and the cash
to funds its development ambitions, Sealegs does not have a need for fresh
capital. With the opportunity to bring in this new strategic partner who
could contribute to the future of Sealegs, I am confident that our efforts to
build a strong and diversified shareholder base will help grow the Sealegs
business and help raise awareness of Sealegs patented amphibious technology
and Sealegs craft."

David Glen
Chief Executive Officer
Sealegs International

Phone: +64.9.414 3092
End CA:00233803 For:SLG Type:S/HOLDER Time:2013-03-05 16:43:49



Call 0800 ANZ SBT
(0800 269 728)
Email us

Download form
Call 0800 ANZ SBT
(0800 269 728)

Online Multi-Currency A/C
Useful Links
FAQs
Help
Newsletter Alerts

©2010 All rights in this site are owned by or licensed to ANZ Bank New Zealand Limited or ANZ New Zealand Securities Limited.

[Beagle]

You folks could well be right and i wish you well but its certainly been a choppy ride for shareholders, I guess I prefer a bit more stability in my investments and havn't got the sealegs for this this one

[Nigel]

You folks could well be right and i wish you well but its certainly been a choppy ride for shareholders, I guess I prefer a bit more stability in my investments and havn't got the sealegs for this this one

So you're not expecting it to all be plain sailing then?