I'm sure once the management come out of a closed period on 18 March, they will scoop up weak holders. I see Smart Eye goes on about design wins, which are basically non-reoccurring revenue at zero margin and the by magic can predict future revenues. The only really reliable way to forecast revenues is from awarded RFQ's of which SEE has half awarded. I feel investors frustration, but this is going to be big and has only just started. |
The market cap here looks far too high for a company with 57m$ revenue and continuing losses. I would advise caution because unless rapid growth and profit comes soon the Mc could easily drip by 75% |
 The most ardent of bulls would accept that our recent share price performance has been poor.
Smarteye, our apparently only serious rival in this space ,our currently valued at 30%+ higher than ourselves, despite substantially lower revenue & despite our having 3 viable verticles against their 1 & a bit.The lure of $2bill outstanding RFQs & lack of delivery hasnt helped but OEMs across all vehicles have to have made decisions very soon regarding their DMS providers.See have invested substantial amounts in the development of Fleet G3 & Paul now needs to deliver on substantial contracts to justify the time & expenditure.although the hard launch was earlier this month & we will be hoping for material contract news very soon.
Results on 18/3 give Paul & Martin the opportunity to reiterate cash flow break even remaining on target & provide some context in respect of our position in the market.
In the absence of contract news & ahead of 18/3 our share price may well remain lacklustre but no reason for it to fall off a cliff & positive news from various prospective sources should have the opposite affect. |
207m mkt cap with under 30m in the bank and loss making. That valuation looks high for a company making slow progress on increasing turnover. A lot of goodwill in the share price already and until they close the gap on breaking even looks overvalued. Keeping an eye on things but the chart looks nasty too so possibility of getting inncheaper if you wait and if you think it will teocve rat some point. Not convinced of that yet with that mkt cap.
Right on support level but if that goes this could drop fast |
Magna sees value here, so do the management and principle shareholders. As they are far closer to the game than any of us, their faith in hard cash give me a lot more comfort than what I read here. If your bored sell. |
Exactly. Zero market credibility. The pish McGlone has spouted has created a scenario where serious investors won’t go near this. 50k plus fleet contracts where we were the sole bidders. Aircraft simulator deals in the 100s. Billion dollar auto rfq’s due 18-2 years ago. Proactive investor videos watched by the same 100 fanatics on the telegram cult thread. Appallingly pr and investor comms . The only thing that’s kept me here is the huge Lombard holding and Martin ive’s decent sized purchases. Even with that it’s hard to see 10p plus. I’d take 11p off magna in a nanosecond |
Market credibility zero.
Forecasts are now pointless as no one believes the bs.
Only actual will move this dog |
This dog is doing my absolute box in. How I wish I’d binned at 12p. Can’t ever see it getting there again. The absolute definition of jam tomorrow |
Shame the market doesn't seem to agree. |
Interesting posts.
Yours in particular caught my attention.
Good deduction. |
Seeing Machines boss outlines future of driving monitoring - ICYMI 17/2/24
hxxps://www.proactiveinvestors.com/companies/news/1041172/seeing-machines-boss-outlines-future-of-driving-monitoring-icymi-1041172.html
Last Question
SG: What's your outlook for Seeing Machines in the near future?
PM: Our trajectory is set towards exponential growth, with an anticipated increase in vehicles featuring our technology. The combination of market demand, regulatory requirements, and our strategic focus on high-margin royalties sets us on a path to not only meet but exceed our financial targets in the coming years.
PM using the word exponential meaning growing or increasing very rapidly. This comment seems along my thinking on Royalty Revenue in the coming 18 months, with orders added then snowballing. This maybe what PM is alluding to.
Happy Investing |
That's not what Paul has said. He's on record as saying that there is limited competition and we're often the only ones tendering. |
There are multiple DMS options out there.Seeing Machines don't have the only solution. Ours is premium and arguably the best.We are, as far as I'm aware, the only provider that takes the data out of the cabin and offers the 24 hour monitoring service that enables companies to plan and time routes. This is a unique sell and hopefully enough companies will take it up for us to win a meaningful share. |
All theory, conjecture, dangling carrots, targets and spin at the moment.
The whole G3 / 2024 GSR opportunity needs to be explained in detail to investors. There's no point making claims of hundreds of thousands of PO's received, a market size of 330K commercial vehicles per annum and a deadline 5 months away if they can't turn these drivers into sales. I'm going to be most annoyed if come July Paul starts coming out with all kinds of excuses about why we, Seeing Machines, with the only DMS product available and the only ones tendering don't deliver 80% plus of this market opportunity. However, I'm sure he will have his little black book of excuses ready to rattle out some lame reasons. |
Magna's exclusive deal with SEE for mirrors expires 30 June 2025 and the conv expires Oct 2026, so if Magna is successful, I would expect something between those two dates. Key shareholders would have to give this the OK nod, as they own 44%+, so no cheeky bid. Nxt 12mths is key. |
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 . |
Magna has also invested a not inconsiderable amount of time and money in SEE, who will eventually end up as a roundabout 13% shareholder in SEE (10% on the 11p convertible and the rest on interest on the conv at 11p) If the rear view mirror is successful for Magna in its next few generational transformations, IMHO they will be the exit route for SEE shareholders. |
You might be rash to assume that the newly introduced magna mirror & the G3 add nothing to sales momentum.
The Co put a lot of money & time into the mirror & G3. I guess they believe it will add significantly to sales.
Since the CEO bought 7.5m shares at 6p each I am minded to think he believes these new products will succeed.
So I think it premature to write off such prospects - and odd to not acknowledge them.
You might also consider the positive cash implications of direct ordering of G3 from ECM T1s. The CFO or someone is thinking smart on w cap |
Not spin - just opinion...
We will need to await numbers to June 2024 to see if the latest projections are accurate.
I sincerely hope they are but I find it difficult to believe they make up the H1 shortfall on expectations.
Time will tell. |
that's your spin union hall.
100% growth in auto yoy
reiterates targets including on cash |
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