Seeing Machines Share Discussion Threads

[investorschampion] 03/8/2020 12:26

Revenue for the year ending June 2020 is expected to be up 30% to A$42.6m, ahead of previous guidance, with cash at 30 June 2020 up 22% to A$38.7m, also ahead. Read more in our daily update on the impact of the coronavirus on SEE and other stocks we follow here: Https://www.investorschampion.com/channel/blog/coronavirus-impact-3-aug-superlative-results-from-a-star-performer

[master rsi] 03/8/2020 11:07

Level 2 2 at bid and now only 1 at offer

[tradermel] 03/8/2020 11:00

This crowd never cease to amaze me. A chance to brag their financial sucess this year and perhaps even give a more informed look ahead, and we get almost no detail! This is what you get with a CEO with no skin in the game and no incentive to give a sh1t about investors.

[master rsi] 03/8/2020 10:46

so is up at 10:38 CNKS 100,000 3.25 has moved from being at offer 3.35p to bid 3.25p

[drsandwich] 03/8/2020 10:36

This is a nice update - I am happy, for the moment

[master rsi] 03/8/2020 10:19

Keeping the large spread 3.20 v 3.35p PEEL was at bid and offer earlier 3.25 v 3.30p but went down on the bid and up on the offer that is why the large spread at 9:14 and stay de same since. The Level 2 at the moment is 3 v 1 on there large spread, and buys at 3.30p and slowly are building up again, so something will move UP if it carries on this way.

[rjcdc] 03/8/2020 10:05

Copied from LSE... "Better trading than expected Seeing Machines has released a trading update demonstrating the business is performing better than expected on key metrics: Revenues of A$39.7m were 13% ahead of our expectations of $35.1m and cash of A$38.7m was 21% ahead of our expectations of A$32.0m. We believe this strong end to the financial year reflects the continued demand for the company’s Fleet product by sophisticated fleet owners and that the key home markets of Australia and New Zealand have been less affected by COVID than feared. We believe this strong cash performance should reduce the perceived funding risk weighting and help the valuation recover towards previous levels. We iterate our Buy recommendation and 7.2p price target. Fleet installation rate back on track - Whilst the headline figure for installed units by the year end is only 2% ahead of our expectations, it still represents 46% growth YoY which is impressive considering the pressures on fleet owners this year. Also, more importantly the rate of installations has significantly increased in the last few weeks of the financial year from lows of 50/month at the height of the pandemic lockdowns up to a rate of 250/month and rising. The helps support our view that this business unit could grow revenues by more than 35% in FY21 Automotive product launches will increase visibility – With the launch of two globally significant vehicles incorporating Seeing Machines driver monitoring in the coming months, we believe value attributed to this business by the market will rise despite COVID likely delaying some new RFQ activity. We also note that with production systems in place at key global OEMs, new RFQs are not necessarily needed by the OEMs as they roll the technology out to other platforms in their group, as demonstrated by Ford putting DMS into the Mach-E as well as the F150. Cash is king and the balance is healthy - The cash position at the year-end of A$38.7m implies a significant reduction in the operating cash burn in the second half to cA$8m from A$15m in the first half (we believe the company has not materially increased its small debt positions). In addition to the better than expected revenues, we believe the positive cash outperformance reflects the continued unwinding of working capital in the fleet division as well as the diligent focus of the management on cost control as well as the salary sacrifices made across the firm. The cash balance reported is A$6.7m greater than we expected and now looks to cover the A$5.5m cash shortfall previously forecast. Management team is delivering in a tough environment – despite a longer road to recovery from the pandemic for most sectors, especially those exposed to transportation markets, Seeing Machines is now demonstrating both a resilient top line performance and an ability to manage the business for cash, helping support our revenue growth expectations and increasing the potential to run the bus to self-funding without the need for issuing further equity. "

[lfc4ever] 03/8/2020 09:49

any chance of a cut-and-paste of the note?

[rjcdc] 03/8/2020 09:47

The cenkos note is positive tho

[abid6814] 03/8/2020 09:29

Agreed.I do wonder if we may get some PR type announcements more formally when the two models in production go on sale.Fleet momentum will be key especially as we attempt to navigate a second wave of Covid19. Licensing, confirmation of a few more automotive wins will be key too. Intrigued to see if we will see any major news coming out of the Qualcomm deal announced at the start of the year.I've given up on aviation for the time being and I'm sure Paul will not use the word imminently again in the future!

[rjcdc] 03/8/2020 08:45

Because there wasn’t actually anything in the statement...both figures reported were expected, when taking into account the $5m upfront payment. Past trading statements have given some detail On what’s actually happened/ happening. This one, nothing. They are supposed to be the leading company in the hottest market... and yet they consistently under sell/promote.

[topnotch] 03/8/2020 08:41

Doesn't seem to be doing much - someone poke it with a stick to wake it up

[lfc4ever] 03/8/2020 08:07

time for a fairly substantial re-rating i would assume, particularly with the feel-good factor of model launches being announced fairly shortly. 10p by christmans?

[base7] 03/8/2020 08:04

I doubt whether the most optimistic amongst us could have hoped for such a positive update-in respect of cash(&therefore the lack of a need fir a fundraising),revenue(& the assumption that our losses are substantially lower ),Fleet (installations ahead of expectations),Auto (2 new launches with more to come),Aviation(still on track despite delays & recent devastation to sector)& potential for more positive RFQ outcomes.Glad to have increased @ under 3p & hopefully our share price will,continue to recover & momentum will build

[base7] 03/8/2020 08:04

I doubt whether the most optimistic amongst us could have hoped for such a positive update-in respect of cash(&therefore the lack of a need fir a fundraising),revenue(& the assumption that our losses are substantially lower ),Fleet (installations ahead of expectations),Auto (2 new launches with more to come),Aviation(still on track despite delays & recent devastation to sector)& potential for more positive RFQ outcomes.Glad to have increased @ under 3p & hopefully our share price will,continue to recover & momentum will build

[rjcdc] 03/8/2020 07:10

Very Positive, if not scant on detail...

[seeing2020] 02/8/2020 21:06

According to the Seeing Machines website we have a trading update in the morning. hxxps://www.seeingmachines.com/investors/aim-investor-information/

[eggbaconandbubble] 31/7/2020 11:36

Where's that then?

[rjcdc] 31/7/2020 09:10

We have a new base

[skinny] 30/7/2020 11:57

"Either way I feel the sub 3p days are behind us". The down marker is on lots of threads lately - obviously a busy person!

[zero the hero] 30/7/2020 11:18

Hopefully some "imminent" Aviation news on the way …. Tomorrow ahead of results next week would be nice :-) Either way I feel the sub 3p days are behind us and a move to 4p+ would be good to see. Thanks for posting Longsight, at least we know the down marker is not you, Skinny or Horsepower

[longsight] 30/7/2020 07:51

https://www.forbes.com/sites/bradtempleton/2020/07/28/teslas-arent-safer-on-autopilot-so-researchers-calling-for-driver-monitoring-may-be-right/#123ffc861d73

[longsight] 30/7/2020 07:51

https://search.ipaustralia.gov.au/trademarks/mobile/view/2037734