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Investor discussions around Seeing Machines Limited (SEE) reflect a mix of cautious sentiment and optimism regarding the company's future. Participants noted a recent decline in share price, with one user expressing concerns that the stock's struggles were primarily tied to a distress seller. This sentiment was echoed by others who pointed out the absence of positive news amidst the CES technology showcase, leading to losses in share value over the initial days of the event. Comments like "It shows how bad things really are when our only hope of ending the SP decline is when a so-called distress seller stops selling," highlight the frustration among investors regarding the current market dynamics and stock performance.
However, despite the short-term volatility, there is a noteworthy sense of optimism regarding future developments. Discussions emphasized Seeing Machines’ collaborations, particularly with Mitsubishi Electric Mobility, which promises to enhance their market reach in the automotive sector ahead of stringent regulations mandating advanced monitoring systems in vehicles. An investor noted, "Expect numerous deals in the year ahead as car makers rush to implement new regulations," indicating belief in the company's strategic positioning and potential for growth. The showcasing of Seeing Machines technology at CES 2025 was also seen as a positive, with one user remarking, "A good start for the New Year," suggesting that there are expectations for a rebound in investor confidence as new partnerships and product demonstrations come to fruition.
Overall, while there is palpable frustration over recent share price movements, green shoots are visible in terms of strategic partnerships and market opportunities expected to materialize in the coming months.
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Seeing Machines Limited recently announced its participation in CES 2025 in Las Vegas, where it will showcase its advanced interior sensing technologies designed to enhance transport safety. The event, taking place from January 7 to January 10, will feature demonstrations of the company's latest advancements in software and algorithms for their FOVIO driver and occupant monitoring systems. This comes on the heels of a collaboration with Mitsubishi, indicating the company’s active engagement in partnerships to expand its technological offerings.
In a separate development, the company disclosed a notification of a major shareholding change involving Richard Griffiths, who has made moves that resulted in a dilution of voting rights due to a new issue of shares. This notification underscores ongoing shifts in ownership stakes as Seeing Machines continues to navigate its corporate landscape amidst technological advancements and strategic collaborations.
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jpuff |
How SEYE gets away with its PR utter nonsense investor interviews lies is just incredible. After saying they needed no cash to breakeven just a few weeks ago, they now raise £10m!!! I'm personally not surprised, as the recent news flow is highly suspect IMHO. How can investors believe anything they say. They have a broken business model. Too much Non reoccurring revenue on the hope it will pick up the business. |
This is alas looking like a very slow motion car crash |
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. |
PG also underplayed just how big Magna & indeed Collins might turn out to be. |
Following submitted questions Paul has finally had to admit that yet again he over hyped the business. This time it was the Gen 3 opportunity and the GSR deadline of July 7th 2024. For the first time he has conceded publicly that camera-based DMS is not a regulated requirement until 2026 and that alternative non camera-based systems using the steering wheel can be used and almost certainly are the preferred option for truck makers until 2026. I say this because with just 3 months to go until the deadline we haven't gone into production with Gen 3, we've only announced 1 contract, the others have announced contracts, but they aren't being installed until 2025 / 26 and the sales targets they forecast didn't align with the annual market size for Europe of 330K vehicles. |
VW Advanced driver attention and drowsiness monitor systems (Magna) is in virtually all its 2024 models, also in Skoda. If the rear view mirror solution gets max Euroncap rating, I can see many volume OEM's moving to Magna. |
Glad they clarified the cash burn which looking at the numbers looked alarming. So glad they are going to slash it to about one million per month. They should therefore be cash flow positive in early 2025. |
Earnings call: Seeing Machines reports H1 2024 growth and outlook 18 March 2024 |
Presentation now available (login required). |
Too many punters in SEE, many of whom do not understand how the DMS market is developing . As stated today virtually all its auto revenue comes from semi- autonomous in the US. Regulation DMS revenue hasn't even started and won't really get going until 2025. Long term play and still think Magna will take them out. As for Smart Eye breaking even by the end of 2024 - dream on. Why its mkt cap is £265m is a total mystery |
They seem to be claiming virtually zero cash burn in H2 but I don't understand how they get there. Comparing concensus and current position. Cash up by 4 million in H2 |
A reminder :- SEEING MACHINES LIMITED will be holding the meeting H1 FY2024 Results today at 8:00am. |
Oops sorry. |
Interest in SEE resulting from IIHS. GM using SEE and were rated adequate. |
Some interest today |
Lonesight I agree some people do not research even with 25,000 posts very poor. As I always say research the company first, Magna/ Collins partnership with funding, etc. Following charts is like following the crowd can lead to nowhere. |
bones698 - if you read SEE's Accounts you might not sprout so much tripe. |
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 |
Just looked at the BB on LSE re Seeing M. Many seem to obsessed with Smart Eye new design wins. Design wins are very early stage product engagements with Tier 1/ OEM's and most lead to nothing, delayed or superseded. The only time a new design win has value is when a contract is signed and a value given to it. I may be wrong but I can't find a single RFQ win for Smart Eye since BMW. All its revenue appears to be coming from non-reoccurring design projects, which don't appear to materialise into contracts. It all seems to be puff and big talk and that's maybe why its got through 3 CFO's in 18 mths. Personally I think Magna's rear view mirror has many delaying contract awards, but want confirmation it works. Seeing M won't get it all their own way , as OEM's always dual source - too much risk put all your eggs in one basket. |
Crosswires You should stick with IQE which you know about. This is not going to fall by 75% |
Type | Ordinary Share |
Share ISIN | AU0000XINAJ0 |
Sector | Computer Related Svcs, Nec |
Bid Price | 3.81 |
Offer Price | 4.035 |
Open | 3.955 |
Shares Traded | 4,058,133 |
Last Trade | 16:35:12 |
Low - High | 3.805 - 4.095 |
Turnover | 67.63M |
Profit | -33.13M |
EPS - Basic | -0.0078 |
PE Ratio | -5.17 |
Market Cap | 170.87M |
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