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| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.04 | 6,303,334 | 16:35:02 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 4.00 | 4.04 | 4.065 | 3.985 | 4.04 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Related Svcs, Nec | AUD 57.77M | AUD -15.55M | AUD -0.0037 | -10.97 | 168.73M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:40:53 | O | 200,000 | 4.04 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 25/3/2024 | 08:06 | UK RNS | Seeing Machines Limited Director/PDMR Shareholding |
| 18/3/2024 | 14:32 | ALNC |  IN BRIEF: Seeing Machines loss widens on higher costs but optimistic |
| 18/3/2024 | 07:00 | UK RNS | Seeing Machines Limited Half year results and financial report |
| 28/2/2024 | 07:00 | UK RNS | Seeing Machines Limited Notice of Results |
| 08/2/2024 | 20:13 | ALNC | TRADING UPDATES: Seeing Machines revenue grows; Baron Oil strikes deal |
| 08/2/2024 | 07:00 | UK RNS | Seeing Machines Limited H1 FY2024 Trading Update & Quarterly KPIs |
| 10/1/2024 | 14:19 | ALNC | Seeing Machines to supply Guardian Generation 3 in UK and Europe |
| 10/1/2024 | 07:00 | UKREG | Seeing Machines Limited New Orders for Guardian Generation 3 |
| 09/1/2024 | 11:25 | ALNC | Seeing Machines launches latest EU-compliant driver monitoring system |
| 09/1/2024 | 07:00 | UKREG | Seeing Machines Limited Seeing Machines unveils latest Guardian technology |
Seeing Machines (SEE) Share Charts1 Year Seeing Machines Chart |
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1 Month Seeing Machines Chart |
Intraday Seeing Machines Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/4/2024 | 11:03 | VISION for the future | 19,334 |
| 20/12/2023 | 17:10 | Seeing Machines PLC | 736 |
| 12/8/2021 | 18:30 | A great company. A poor share | 22 |
| 15/6/2020 | 03:36 | currantsee | 903 |
| 25/7/2019 | 12:54 | Techinvest Technology Fund SEE's the future | 557 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-24 15:40:55 | 4.04 | 200,000 | 8,080.00 | O |
| 2024-04-24 15:35:02 | 4.04 | 71,170 | 2,875.27 | UT |
| 2024-04-24 15:06:14 | 4.04 | 11,097 | 448.05 | O |
| 2024-04-24 14:17:42 | 4.04 | 1,237 | 49.97 | O |
| 2024-04-24 14:11:46 | 4.02 | 10,289 | 413.37 | O |
| Top Posts |
|---|
Posted at 24/4/2024 09:20 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 4.04p.Seeing Machines currently has 4,156,019,000 shares in issue. The market capitalisation of Seeing Machines is £168,734,371. Seeing Machines has a price to earnings ratio (PE ratio) of -10.97. This morning SEE shares opened at 4.04p |
Posted at 23/4/2024 11:03 by 2xs SEE owe Magna $47.5mm. This is due in 2026. SEE can opt to pay the interest in shares. Magna can opt to receive either cash or equity for the principal. If it is equity then the SEE price used is 11p. |
Posted at 23/4/2024 10:02 by masarap Could any holder clarify whether it's SEE or Magna that has the option to choose between repaying the Convertible Loan Note (CLN) issued to Magna or allowing Magna to convert it at 11p? Clearly SEE can pay it back but they will just let Magna convert if the decision rests with them but can Magna insist on repayment?From my understanding, it's SEE that has this choice and it would place the company in a favourable position. However, I've come across several posts indicating that the decision lies with Magna. The share price at 4p also indicates that SEE might be forced to pay back. I don't currently hold any position, but I have been following the company for a while. |
Posted at 23/4/2024 07:02 by hope1815 On the share price, fall since 18 March both Smart Eye AB and Seeing Machines have fallen almost the same % have you compare.Smart Eye 18 March 2024 100.10 Sek 18 March 2024 77.90 Sek Seeing Machines 18 March 2024 see 5.05 18 April 2024 4.29 People worry about the share price of both companies but for me, it's the longer-term view. Which company has better partnerships in the Industries(Fleet. Planes, Cars)? Looking at the longer term view SEE order book unwinding which is translating to cars on the road which leads to Revenue and Royalty. On the entry point 4 pence is low but as the months roll on and results come in people may look back and think. Happy Investing |
Posted at 06/4/2024 09:32 by nvhltd Magna's have given SEE $47.5 million via a CLN that is repayable in October 2026 at 11p.So we either pay them back, renegotiate and extend or they convert. If the share price doesn't improve by then and they convert the dilution will be massive. If nothing else we need the share price to be north of 11p when that date arrives or the cash in the bank ready to pay them back if we are not to be wiped out. While contradictory 2 years is nothing in this particular instance, but a long time to endure a slow recovery, new contracts or SOP with new contracts and the 2026 GSR. CLN's are never good in my experience, but they needed the cash because management have failed to deliver time and time again. They only have just over 12 months left on the exclusive arrangement with Magna. Everyone seems to think we hold all the aces, but Magna could easily switch to Smarteye or Cipia for example. The arrangement so far has delivered very little especially as Paul said this position in the mirror was the holy grail. |
Posted at 03/4/2024 15:27 by base7 Not for anyone here to persuade you either way-that decision is yours,& as we are all aware,AIM has been a very poor market over the last couple of years! I will explain why I remain-1)Paul & Martin reiterated FY24 guidance on 18/3 , ie for revenues of $66.30m,with an increased cash balance based on destocking of G2 units & a substantial reduction in monthly cost 2)They continue to expect cash flow break even later this calender year 3)Our contract with VW started last month which should increase our Q4 KPIs & Q3 should be positive ( if we remain on target to meet FY24 revenue forecasts 4)Paul continues to expect us to win 40% share of the overall Auto market & more by value as ours is a premium product compared to some of the competition 5)Aviation is apparently progressing well towards our first commercial contracts via Collins & they should be sticky long term contracts 6)Collaborations with organisations like FORS ( & others) should ensure a steady increase in G3 installations & monitoring & if we Pauls expectation of 25% growth is steady , if achieved, rather than exponential ( which some of us hoped for ) 7) Like many I invested far too early & have averaged down over the years but if we really are very close to the inflection point where we go from loss making to being profitable ,there is a good chance that our share price will rerate - once proven & it would kill me to see our share price increase towards the Stifel target if I bailed at our current share price 8) Paul bought 500k+ shares following results & although I would have preferred to see Martin & other Directors/Pdmrs buying too, £20k is a bit more than a token investment to comfort stakeholders I am mindful that Paul has missed targets previously, & ambitious targets previously have been managed down & we are in a fast moving market & we never know what the competition may be up to or indeed the OEMs,most of whom have their own in house tech departments-so clearly our share price may be weak for reasons other than AIM market malaise. Having been here this long I am prepared to remain invested & see how the next few months unfold while appreciating that if we do miss the near term expectations the Market will be unforgiving. Good luck with whatever decision you make |
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 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 26/10/2023 14:23 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. |
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