So the new shares will be admitted to Aim from the 24th will the share price drop down by the diluted amount of 15% or is that already priced in. Thanks |
Terrific news.
No wonder the share price has been going up recently. |
 BOOM! SEYE is dead
Peel Hunt analysts had previously flagged concerns ‘caused by industry weakness’ about Seeing Machine’s balance sheet and its ability to meet its profitability targets.
But the broker said on Monday the Mitsibishi deal, ‘whilst diluting shareholders’, is a ‘decent option to solve its balance sheet issues’ and unlocks ‘significantly more value in terms of commercial opportunities than a distressed equity raise’.
Peel Hunt, which holds a buy rating for Seeing Machines with a target price of 7p, said: ‘This investment secures the next c.18 months of runway for Seeing Machines, by which point the company plans to be cash generative
‘Previously, Mitsubishi was working with SEE’s main competitor Smart Eye in the automotive sector, underlining the superiority of its product.
‘This is not the first significant customer to make the switch, as BMW (a significant volume driver) previously swapped Smart Eye for Seeing Machines
‘We believe in the long-run prospects of the firm, further bolstered by the continued progress in its automotive product.
‘Once camera-based DMS becomes mandated in the summer of 2026, we expect to see demand accelerate, bringing with it significant cash generation.’
end |
very interesting update from Mitsu and SEE partnership..new insights from today's news |
My thoughts are that big companies take advantage of small innovative individuals and probably always have done.
I take it your little short was spoilt further this morning Stonks.
Anyway back to family and friends today. |
I am sure that Lombard & VSI appreciate that our prospects are substantially enhanced by todays collaboration with Mits - & that their prospects of increased returns also improved substantially.They were clearly aware of this deal & approved it although I appreciate that if they feel hard done by they could decide to sell In Market thereby creating a large overhang & depressing our share price My view is that they are more likely to remain supportive investors & could me tempted to buy more shares, In Market , than sell.
Very positive news today & great to see Paul sounding so positive in todays Proactive interview.
Merry Xmas & a happy & successful 2025 to you all -even the habitual moaners & groaners. |
hazl your thoughts? more jam tomorrow?
4 billion plus shares in issue
the gravy train just keeps on rolling
top 2 shareholders willing to sell out
caterpillar not interested in bankrolling more losses? |
Seeing Machines secures £26.2 (US$32.8) million strategic investment from Mitsubishi Electric Mobility as part of collaboration agreement
Investment underpinned by significant growth opportunities in the Japanese Automotive segment, Aftermarket distribution in North America, Japan and Europe and new adjacent markets
Now 26.2 million that's rather substantial!
Seeing Machines Limited (AIM: SEE, "Seeing Machines", the "Group" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that it has entered into a collaboration agreement (the "Collaboration Agreement") with Mitsubishi Electric Mobility Corporation ("Mitsubishi Electric Mobility"), a global leader in the design and manufacture of automotive products and technologies, to pursue joint growth opportunities in the supply of driver and occupant monitoring system ("DMS" and "OMS" respectively) technology solutions to enhance safety in Automotive. Mitsubishi also becomes a significant investor in Seeing Machines, following a subscription agreement entered into on 23 December 2024 raising gross proceeds of approximately £26.2 (US$32.8) million (the "Subscription Agreement") to enhance the Group's balance sheet and provide funding for further growth. The Subscription Agreement represents 15% of Seeing Machines' issued share capital prior to the issue of New Ordinary Shares. |
19699 Mirabeau good post. |
Yes, be careful! "Mitsubishi" group has many facets - FWIR they also have a Heavy group and are into Shipbuilding too. "Electric" is around 3% of group turnover. |
4 billion plus shares in issue
the gravy train just keeps on rolling
top 2 shareholders willing to sell out
caterpillar not interested in bankrolling more losses? |
Well todays announcement makes a future bid for SEE more interesting. Magna due to renew its licence soon. |
Mitsubishi electric and mitsubishi motors are different companies.I believe mitsubishi electric supply a lot of products to other oem's including Toyota. |
pireric
Yes, I know that and the comparison is not directly applicable but the principle is the same. If material company news outweighs equity dilution then the dilution is somewhat mitigated. It's dilution to 'keep the lights on' that the market doesn't like not SEE's type of dilution whose purpose is capital investment to fulfil an expanding orders |
That's a completely irrelevant case study, Mirabeau... Junior minors of course consistently dilute, and they're massive gambling machines trying to strike it lucky with the next payday (gold in GGP's case).
That is completely different to what SEE is, is trying to be etc.
Eric |
Market likes it |
GGP diluted heavily and then went from 1p to 39p in under 12 months. Sometimes material, value-enhancing news outweighs the negative aspect of dilution.
get on board and stop moaning |
Mitsubishi are one third owned by Nissan which has given itself just 12 to 24 months to survive and are now actively trying to merge with Honda. |
"This joint effort is expected to accelerate the Company's path to profitability."
SEE's on the cusp of its first ever profit. With a now huge captured market SEE is now entering a new phase of growth. Look to the future, which is what the market ALWAYS DOES, not the past. |
More dilution today and 2 of our long term investors finally starting to give up.
Paul yet again dresses this deal up as another positive step, but the reality is we've been forced to take raise cash at a ridiculously low share price Most if not all of that cash will probably be spent paying back Magna.
The fall of this once great opportunity is truly staggering.
Around 2 years ago we took a strategic investment from Magna at circa 11p. Two years later and despite the so called progress made we have another strategic investor paying just 4p for the privilege.
Apart from the unknown benefits of this partnership for sales this is yet again a desperate deal from a desperate CEO who privately knows he hasn't delivered. |
The car group sold 10.6 million vehicles worldwide in 2017, making it the leading light vehicle manufacturing group in the world |
Mitsubishi Motors Corporation (TSE:7211) — a member of the Alliance with Renault and Nissan — is a global automobile company based in Tokyo, Japan, which has about 28,000 employees and a global footprint with production facilities in Japan and the ASEAN region. 7 Nov 2024 |
Highlights:
- Collaboration Agreement to facilitate joint Automotive business opportunities in Japan
- Companies to jointly access Aftermarket growth in North America, Europe and Japan, leveraging Guardian Generation 3 and Mitsubishi Electric Mobility's global aftermarket distribution channel
- Collaboration Agreement leverages Seeing Machines' proprietary IP to assess and enter new adjacent markets where Mitsubishi Electric Mobility has a leadership position
- Alongside the Collaboration Agreement, Mitsubishi Electric Mobility has invested in Seeing Machines via the Subscription Agreement, raising gross proceeds of £26.2 (US$32.8) million, at a premium of 12% to the 30-day VWAP
- Investment further strengthens balance sheet and provides capacity to focus on growth opportunities across new markets within existing transport segments
- Mitsubishi Electric Mobility to increase holding to 19.9% through acquisition of additional shares via secondary transaction
more..... |
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