ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

SEE Seeing Machines Limited

4.98
-0.03 (-0.60%)
Last Updated: 11:06:06
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Seeing Machines Limited LSE:SEE London Ordinary Share AU0000XINAJ0 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.03 -0.60% 4.98 2,650,310 11:06:06
Bid Price Offer Price High Price Low Price Open Price
4.945 4.98 5.00 4.96 4.98
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec AUD 57.77M AUD -15.55M AUD -0.0037 -13.41 206.14M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:31:40 O 1,011 4.9758 GBX

Seeing Machines (SEE) Latest News

Seeing Machines (SEE) Discussions and Chat

Seeing Machines Forums and Chat

Date Time Title Posts
28/3/202410:53VISION for the future19,283
20/12/202317:10Seeing Machines PLC736
12/8/202117:30A great company. A poor share22
15/6/202002:36currantsee903
25/7/201911:54Techinvest Technology Fund SEE's the future557

Add a New Thread

Seeing Machines (SEE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:31:414.981,01150.31O
11:29:504.95100,0004,949.20O
11:25:154.97200,0009,933.40O
11:09:244.981,00449.96O
11:06:444.95200,2509,912.38O

Seeing Machines (SEE) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 by Seeing Machines Daily Update
Seeing Machines Limited is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker SEE. The last closing price for Seeing Machines was 5.01p.
Seeing Machines currently has 4,156,019,000 shares in issue. The market capitalisation of Seeing Machines is £206,138,542.
Seeing Machines has a price to earnings ratio (PE ratio) of -13.41.
This morning SEE shares opened at 4.98p
Posted at 20/3/2024 15:54 by smithless
I see SEYE has won a fleet deal which it has been making a lot of noise about today. I find this a little suspect as it coincide with its share price collapsing over the last couple of days. Red flag? Who knows. Meanwhile SEE remains suspended status.

There are a lot more clever people here than me, but if VW is the German OEM with SEE's software/Magna mirror, from my research its in the Polo, ID4, ID 7, Taigo, ID5, T Cross, T-Roc Tiguan, Passat and Scala (Skoda)
Posted at 08/3/2024 16:55 by bones698
Mkt cap is scary at 210m given the cash position and cash burn. Most likely will. Be another fund raise later this year which might see this down to around 3p before any recovery will start. Having such high expectations built into the share price and mkt cap means any slight negative will see the share price crash and whilst they are trying to be bullish in updates there are cracks in the numbers starting to appear.. If I was thinking of investing here i would wait to buy as it looks to be heading lower. Charts doesn't look great and that cash position is beginning to look rather low
Posted at 16/2/2024 10:35 by base7
I agree that Magna may well be a bidder but if that’s their intention why wait until we have achieved breakeven & profitability ,by which time our share price will be much higher resulting in a much higher starting point for their hypothetical bid.They will have a very good idea ,by now ,as to how much mirror business they expect to win & whether or not an acquisition of SEE would be beneficial.A cheeky bid now could be successful @ 12-15p but a share price of 15p (Stifel target)could see them paying 25-30p .I am certainly in no rush .
Posted at 08/2/2024 16:12 by longsight
Stifel released a new report on Seeing Machines this morning on 8th February 2024. What do they say?
Searching for: Stifel report Seeing Machines 8th February 2024

Generating answers for you…

Certainly! Stifel’s latest report on Seeing Machines, published on February 8, 2024, provides valuable insights into the company’s current status and growth trajectory. Here are the key takeaways from the report:

Financial Performance:

Underlying Revenue growth for the first half of FY2024 (H1 FY2024) stands at an impressive 28%, reaching US$25.6 million (excluding one-off Magna exclusivity payments). The reported revenue growth, including these one-offs, is 5%.
Annualized Recurring Revenues increased by 22% year on year, reaching US$14.5 million.
The company’s cash position as of December 31, 2023, is US$22.2 million, with a cash burn of US$13.9 million. Receivables and inventory balance is US$31.1 million, and a working capital unwind of $5-6 million is expected in H2 FY2024.
Operational Highlights:

Seeing Machines has been appointed by an existing European Tier 1 customer to deliver its FOVIO Driver Monitoring System (DMS) technology for a new European OEM. Initially, the focus is on enhanced regulatory-focused DMS features, with an initial lifetime value of US$30 million.
Additionally, the company has been appointed by another existing Tier 1 customer to deliver FOVIO DMS technology on an additional program for an existing European OEM. This program targets safety regulation expectations, with an initial lifetime value of US$15 million.
Overall, Seeing Machines has now been appointed to deliver 17 Automotive programs with 11 individual OEM customers, building the cumulative initial lifetime value of all OEM programs to US$366 million.
Collins Aerospace, in an exclusive collaboration with Seeing Machines, has initiated joint development of the world’s first aviation fatigue detection solution—a potential multi-modal Pilot Support System.
The company’s Aftermarket DMS, Guardian Generation 3, was independently tested and assessed to meet requirements for drowsiness detection in the European Commission’s General Safety Regulation, effective from July 2024.
Post-Period Highlights:

At CES 2024 (the world’s largest technology conference held in Las Vegas), Seeing Machines successfully launched Guardian Generation 3. The company also announced the beginning of regulatory-driven sales with three European OEMs in anticipation of the General Safety Regulation requirements.
CES 2024 meetings covered demonstrations of the Company’s latest FOVIO driver and occupant monitoring suite, showcasing advanced R&D-based technology to technology partners, regulators, Tier 1 and OEM customers, investors, and media 1.

In summary, Seeing Machines continues its transparent growth trajectory, backed by strong financial performance and strategic collaborations in the automotive industry.
Posted at 12/1/2024 22:22 by hope1815
nvhltd am not worried I follow the quarterly updates on Revenue and cars on the road. I did mention it is revenue that will move the share price. I am confident that SEE will reach profitability in come next 12 months.

Till then just relax and check every quarter, there is no point in getting worked up as some posters have on other platforms. A few Brokers have come to the same conclusion that 2024/25 probably will see Profitability. You have seen the Articles on their views.
Posted at 27/12/2023 07:23 by ali47fish
Seeing Machines shares 'highly attractive', says US investment bank
Published: 14:04 20 Dec 2023 GMT

Seeing Machines Ltd -
Shares in Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) were marked higher in the wake of its 17th major automotive contract for its driver monitoring technology.

The eye-tracking specialist didn’t name the latest customer but said the lifetime value of the new business was US$30 million.

“With the impending regulatory deadlines for driver monitoring systems in the EU, it is no surprise to see an acceleration in the award of OEM contracts,” said broker Peel Hunt.

Under the bloc’s new General Safety Regulation, DMS will soon become mandatory on European roads.

To date, Seeing Machines has won business worth US$336 million, with most of that revenue due in the next five years.

“We believe it is still in the early stages of a regulatory-driven demand cycle for DMS/OMS technology,” said US investment bank Stifel in a note.

Stifel thinks the shares, up 0.1p at 5.2p, are “highly attractive for a market leader in a large industry”.

Peel Hunt’s target price is 12p.
Posted at 22/12/2023 08:46 by mirabeau
Many thanks to Safestocks for his/her work -



Peel Hunt note questions Smart Eye and Seeing Machines comparison

Posted on 22nd December 2023

Peet Hunt Analyst Oliver Tipping has issued a broker note on Seeing Machines that questions the contract size for Smart Eye’s recent US$150m win, while stating that Seeing Machines puts out minimum values for its wins. This is a point I made recently but, coming from Peel Hunt, it confirms it for any doubters out there.

Still, the most important point made in the note was that aside from its most recent $30m win, there are many more auto contracts expected to be announced by Seeing Machines early in the New Year. Tipping wrote: “This win was the first of the major European contracts Seeing Machines was hoping to win before the end of the year, thus its pipeline remains robust as it looks to deliver more wins in early 2024.”

The numbers game

Tipping also confirmed that Seeing Machines is very conservative regarding its contract values: “It is important to remember that the contract value Seeing Machines reports is conservatively based off minimum production volumes, which are likely to be far lower than the actual production values for these contracts.”

Then he went on to caution investors. “It is vital for investors to be aware of the differences between the numbers thrown around by different companies in the DMS market. For example, it would be easy to be distracted by the SEK 1.55bn (US$150m) figure quoted in Smart Eye’s most recent win (which we believe to be General Motors). However, we are unclear how this figure has been calculated as Smart Eye does not disclose its method for calculating the value of these contacts. In addition, this contract was as a tier 1 supplier to the OEM. Given it currently acts as a tier 2 supplier to this OEM, its CEO stated volume as a tier 1 supplier is only likely to ramp in 2029, into the 2030s (not from 2027 as mentioned in the RNS) and thus has no impact on cash generation in the short to medium term.”

Tipping went on to stress that the key indicator of success is cars on the road, stating: “Until Smart Eye starts reporting this number, the tangibility and true worth of the contract wins remains unclear.”

Still, I’m sure the figures put out by Smart Eye will help it immensely in any future fundraising efforts.

Aside from dealing a knock-out blow to those who think Smart Eye is the global leader in driver and occupant monitoring, the note maintained its ‘Buy’ stance on Seeing Machines and its 12p price target.

Importantly, it also confirmed that Seeing Machines has, as promised by CFO Martin Ives, started to cut its expenditure. Analyst Oliver Tipping wrote: “Management confirmed that it has executed the first of its cost-cutting measures aimed at bringing the cash burn down to break-even by FY25 (-$3m a month exit run rate from FY23). We await further details in the 1H24 update, but this will be crucial in underpinning the long-term viability of the business. For now, the company has a strong balance sheet, which should see it to its targeted break-even date.”

Auto contracts worth $1bn

With its latest win Seeing Machines now has auto contracts officially worth US$366m. However, as previously stated, given Seeing Machines propensity to cite minimum values that turn out to be much larger, I believe the real worth of those contracts is approximately 3 times that. Yes, $1bn!

Why is that significant? Well $1bn in auto contracts surely makes it a very desirable candidate for a takeover in the very near future, particularly as it is soon to hit break-even.

With the move to assisted driving taking over from dreams of full autonomy and legislation coming into effect this year in Europe that mandates driver monitoring, the future is looking very bright for Seeing Machines.

The writer holds stock in Seeing Machines.
Posted at 21/12/2023 15:21 by buggy
Jpuff,

In case this is a genuine question, the answer is two fold:

1. This technology has not fully taken off, not a huge volume of cars with this at the moment as it is a nice to have feature at the moment.
2. PM the CEO seems to promise much and miss his own deadline for delivery.

Having said that, the first point is about to change as DMS is to become a mandatory requirements for autos in Europe.

With respect to second point, PM is just far to optimistic in his timeline but the inflection point is this coming year when all the stars align.

Regulatory tailwinds will drive mass adoption. Despite many miss-steps by the CEO this share will do very well as there are few genuine competitors in this space, [ one being Smart Eye, irrespective of what some on SEE BB will want you to believe].

Smart Eye and SEE will carve up the majority or orders in this space.

Other reasons why you may consider researching to see if you should buy in are:

a) The Fleet market is huge and will the associated monitoring services is another element which is often ignored by most. Fleet will easily be turning over £100M if they can reach 200,000 connections, which is not far away once Gen 3 is lunched.
b) Gen 3 which is the 3rd Generation Guardian is scheduled to be finally lunched at CES 2024 ( 6th Jan 2024, I believe).
c) The aircraft business will probably take 2 years to start showing something but again is very lucrative. [ SEE is in exclusive agreement with Collins, and they are currently in the development phase of products to take to the market].

My view: In spite of some management mis-steps I believe that this will do well because the time for the technology has arrived and there are not many genuine competitors.

Disclaimer:
I hold shares in SEE. I think that the management could have done better but then I suppose their is always room for improvement where ever you are.

This is not an investment advice , just an attempt to give you what I consider to be an honest answer. You can then do you own research and se if this suits your investment criteria.

NOTE:
My Personal view: I believe that it will make another step increase once Gen 3 is launched at CES 2024 ( 6th Jan 2024).
Posted at 25/11/2023 19:07 by zero the hero
From Chairboy on LSE.

In the AGM pack (see the SM website) is says PMG needs to hit the following share price targets by 30 June 24 to receive his award of up to 10m shares:

-Less than 12p per share, 0% vesting
-12p per share, 40% vesting
-12p-20p per share - linear sliding scale
-20p+, 100% vesting

Very bullish targets considering where the share price is today!
Posted at 26/10/2023 13:23 by nvhltd
Hazl: it's basically a loan plus interest that is rolled over until the termination date. At that point Magna will either convert the value of the loan plus interest into shares at 11p.

One caveat to this is in the details of the CLN itself as the terms will dictate which party has the power to pay in shares or cash and when.

They can also opt for the loan to be repaid with the interest at the termination date.

In many ways they are in a win win situation assuming that by the termination date SEE are still a viable business whatsoever the share price

If the share price is 22p by the termination date they will almost certainly opt to have the loan paid back in share. In other words they will double their investment. It remains to be see how a placing of those shares of circa 9% on the day of listing will cause the share price to react. Normally it will drive the share price down which is why existing shareholders might lose at least in the short term.

If however SEE does not see any improvement in the share price by termination Magna will have 2 choices. Call in the loan or convert at 5p which would be twice the amount of shares needed to raise the cash necessary to pay the loan back.

If the share price is still at these levels in 3 years time then SEE management will have failed miserably to deliver on their plans. I'm not expecting that, but what we have seen over the past few years is the inability of SEE to del8ver meaningful revenues, miss targets and any good news has not delivered share price appreciation. So anything is possible.

Despite the hype around the Magna deal it was still a loan for the most part that needs to be paid back one way or another and the clock is ticking.

One year has already gone. 2024 we are still loss making, 2025 is break even. 2026 possible profit and the debt is due.
Seeing Machines share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock