Discover and read the best of Twitter Threads about #hmi

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Here are Verde Agritech's expected sales targets for 2022 which were revised in May and offer a significant read across to #HMI and what it can achieve this year and also.
Note the 43% jump in forecast 2022 sales but that all of this rise is due to significant increases in Q3 and Q4 sales projections.

In fact, Q1/Q2 should actually deliver slightly less than was forecast originally.
This forecast was adjusted on 3rd May and the Q3/Q4 forecasts are based on "committed orders and projected orders." Just like with HMI.

Verde sees itself delivering c. 62% more product in Q3 than originally projected on 10th Jan 2022. So inside 4 months.
Read 12 tweets
In a previous #HMI thread, I highlighted that the $600k write-down in the FY2021 accounts meant that trade debtors (so effectively trade receivables) almost doubled between YE 2020 and YE 2021.

$924k vs $1.824m
Due to the way HMI's business cycle runs this is a theme that compounds as sales expand along with prices.

Meaning that if investors simply concentrate on cash on hand then they are misunderstanding how the business operates.
This is can be proven by simply reviewing the Verde Agritech quarterly accounts once more.

For revenues Verde count the full price including freight which indicates that they are responsible for this. Unlike HMI which sells at the gate.
Read 9 tweets
I've been running an extensive exercise on Verde Agritech also a relatively new but expanding fertiliser producer based just c. 70km from #HMI in Minas Gervais in Brazil. The results to date are rather fascinating and certainly worthy of review.
Verde is a TSX-listed producer with a current plant capacity nearly double the size of HMI (0.6Mtpy) but with a phase 2 expansion due to come online in 2023 which would take output to 2.4Mtpy.

So a much bigger operation to come and soon.
Those that remember my 5th July numbers on #HMI sales prices will perhaps remember that they demonstrated a $53.20/t average sale price for 2021.

At the average achieved AUD/BRL for 2021 of 4.054, this equated to an average price of BRL216.

Read 18 tweets
Based on what I have just talked about if #HMI had received all the monies from its sales in 2021 then this would have amounted to $4.52m and the business would have been profitable at the operating level in 2021.
What's more, the $4.454m paid out in 2021 reflects more accurately the true costs to run the business over the course of one year.

One cannot conclude exactly how much HMI produced in 2021 because the cash receipts reflect payment dates and not when the goods were received.
Inventory was fairly minimal which reflects an operation that leans towards producing to order.

However, the costs associated with administration clearly eat up the vast majority of this with the consolidated statement accounting for c. $3.85m in the period.
Read 7 tweets
Lots of continuing confusion it seems around the #HMI accounts and the company's core profitability.

For me, this is in part driven by a desire to focus on the revenues when the focus should be on the cash flows

Here's my long thread opinion.
$ = AUD only.
Firstly, it is important to appreciate that HMI wrote down AUD $600,000 in trade debtors on 31/12/21.

Also, "Some debtors are given industry standard longer payment terms which may cross over more than one accounting period," which helps create a difference between...
sales and cash receipts in any given accounting period.

Note also that all trade debtors still fall within the current (within 12 months) trade and other receivables. The only non-current (more than 12 months) relates to recoverable taxes. So not direct sales related.
Read 26 tweets
Und los geht's!
Wie kann man #Energieeffizienz
#numerisch abbilden?
#grafisch aufarbeiten?
#nutzbar machen?
Pro #Handlungsregulation & #EcoDriving-Fahrstil
Pro Energieeffizienz & Reichweite
von #Elektroautos
Die Untersuchung von Metriken & Visualisierung 🥰
Ich bin wirklich sehr in #AMORi mit dieser Bachelorarbeit @UniLuebeck! 🥰
Als hätte jemand
einfach mal nebenbei
die analytische Vorarbeit
für unser @dfg_public-Projekt mit Start ab 1. August
aus dem Handgelenk geschüttel.
Ich. Bin. Wirklich. Extrem. Geflasht. 🤯🤓
@UniLuebeck @dfg_public Schon die #Manövererkennung in unserem #Fahrsimulator mit (@beamng) macht mich total fertig.
Das ist SO gut!
Und dann auch noch die #Laufzeitenanalyse für die Live-Berechnungen der Metriken.
Read 19 tweets
Morning all - a few days off from the markets post GE, for a trip to Clermont to watch @bathrugby (lose with dignity 🙄).

Great to see #RRE slowly recover. Said it before, but - a $1.2bn offer was made. Completion of that deal would have seen the SP up by 250% minimum, IMO.
#MKA also beginning to climb back up. The Talaxis / Chinalco MoU is massive: Chinalco is one of China's six SEOs that hold a near-monopoly over the global REE market.

Its partnership with Talaxis is, for me, evidence that it's acutely aware of the Pentagon's interest in Songwe.
#HZM is also recovering, in line with Ni bouncing. Expecting a busy Q1 there, with major newsflow generated by both projects. Current EV (~£27m) is simply wrong. If it doesn't change soon, I don't think it's unreasonable to suggest a takeover - Orion being an obvious candidate.
Read 9 tweets
#HMI's plant started commercial operations in July 2018 - with sales only really picking up in Dec. In the six months to end Dec 2018, it generated AU$1.05m. In the 12m ended June 2019, it generated AU$1.63m - so AU$0.58m in H1 2019.

In the TU yesterday, mgmt stated that in..1/4
...the ~13m to end Dec 2019, #HMI will have sold 50kt - which at US$50/t will sell for ~US$2.5m.

USD:AUD is 1.47. So mgmt is stating that it’ll generate ~AU$3.68m in the 13m to end Dec 2019.

That equates to over AU$2m in H2 2019 - which is 100% YoY top line growth. 2/4
I’d expect that growth to continue as #HMI's KPFértil snowballs. If 100% YoY growth is achieved in CY 2020, that US$5m will equate to PAT of £1m-£1.2m - a ~7x PER.

That’s at only 29% of nameplate capacity. That 320ktpa capacity can be doubled for negligible additional capex. 3/4
Read 4 tweets
#HMI Interims ;

"The company. . . expects to report a 2019 full year revenue figure approximately 25 per cent below current analyst estimates, and to breakeven at the profit before tax level."
#HMI H1 interim loss of A$1.8m included "two material one off expenses totalling $958,532."

These were ;

1. Impairment of a loan totalling $486,257 (Geociclo administration.
2. "1,500,000 ordinary fully paid shares to Directors and employees for services performed. . . valued in total at
A$ 472,275"

Those one off expenses amount to more than half of the total loss for H1.

#HMI don't need to get a lot right to hit their target.
Read 4 tweets
Die #IT-Umgebung des indischen #AKW's Kudankulam wurde nicht nur gehackt, sondern als Command and Control Server benutzt.

Hoffentlich war die #OT nicht auch öffentlich am Netz!

#KRITIS Sektor #Energie #nuclear #nuclearsafety #Resilienz #Cyber #Security

Zur Unterscheidung:

IT sind Informationstechnische Systeme (#PC #Laptop #Windows #Office, #Buchhaltung...)

OT sind Operative Systeme (#ICS #SCADA #SPS #HMI #PLC #Steuertechnik...)
Angemessener Stand der Technik #SdT wie in #KRITIS gefordert wurde offenbar im #AKW nicht eingehalten.

Strikte #Trennung zwischen #OT-Steuersystemen und #IT ist eine wesentliche #Sicherheitsmaßnahme!

Weitere #Maßnahmen und #Forderungen finder Ihr hier.…
Read 5 tweets
What is Situational Usability Testing? The Usability Testing carried out under different situations. Under Stressful conditions, our mind and body react differently. Fingers turn sweaty. Touch screen can't recognise sweaty, dirty, food granule sticking to finger touches.
another example of booking Uber Taxi. The Situation influences our Behaviour that influences our Actions. Visualize these three situations while booking Uber Taxi. It is raining heavily, the person is half drenched and he is trying to book the taxi. An employee is engaging in a
sales conversation with his clients standing near the lift trying to book Uber at the same time to take them for a site visit. A person booking Uber from the comfort of his home sitting on his bed.
Let's take an example from Healthcare. Product Features can be
Read 18 tweets
Why can't we just shout out loud to #TV to switch #channel? Just the way we instruct #alexa and it listen, even when playing music. And we can give option to turn On / Off Shout out loud feature. Feel like a monkey with remote in friend's house. #Inclusive #Design #UX #tatasky
Read 3 tweets
The only thing that will motivate people to #adapt newer #apps in already populated app #market is by declaring a Product Mature when it runs out of Visual Space that means ignoring dropdown menus & drawers completely. #UX #Trend #VisualCommunication #Design #DesignTrend #Product
Calling a Product Mature, gives it an identity. The age have passed, when learning a new software is considered a skill & achievement, integrated softwares are the necessary bridge to accomplish the task. Smaller #Visual Centric #Applications #Integrated in a #Pipeline are
Read 5 tweets
1/ If you have a heart attack and I jump in to your car to take you to hospital but fail to figure out basics due to overwhelming IoT gadget and unfamiliar app, it could cost your life. Popular Pattern, Legacy Pattern, Onboarding Load, Cognitive Load, Redroute, Learnability,
2/ Perpetual Load, Situational Usability Testing, HMI, HCI, Interactive Controls, Interaction Design. Situational Data Analytics. #userexperience #usabilitytesting #Usability #accessibility #iot #onboarding #familiarity #Cognitive #perpetual #app #hmi #HCI #design #designer
Read 4 tweets
In the age of #IoT Devices & #HCI #Applications mounted on the device, keeping Low #Onboarding & Low #Learnability is a necessity. Maintaining Popular #Patterns & Domain specific Legacy Patterns is important for #familiarity. It's also important to define different level of #Bulk
and associate the current state of Tool with the Bulk Level. So that tools can be measured on #fatigue and #cognitive load due to complexity. #Usability Testing and #Ethnographic Study playing a mainstream role for Products to survive in the #market & decision making in
Read 4 tweets

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