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 |
Good entry price then Skinny? |
//t.me/seeingmachines |
Smart eye up nearly 5% today. |
The low today (so far) is 4.04p - I believe the last time it was lower was 20/10/20 @4.03p! |
Apparently there’s a telegram group for seeing. Anyone know how to get on it. It’s private I think |
Masterfly7 I’m the opposite to you I’m topping up at every dip they’ve a great product ,good luck, |
23.5% down YTD. This really does seem to be a one way slide. Everyday it’s red with no respite. I’m out from Monday. |
Based on Paul's statements over the years and the resulting decline in the SP, which is the only KPI I'm interested in, you would have to say Paul is at worst a liar, deceiver, fraudster or a conman and at best a failure, an idiot, naive, thick or just stupid at best.
His catalogue of missed targets and statements are the root cause of where we find ourselves now and trust in him and his leadership is waning. You would think, pray and hope things will come good if for no other reason than the legislation that is coming, but patients is wearing thin which is demonstrated by the share price decline.
We have to thank our lucky stars that legislation is on our side because without it we would not survive. |
gutterhead - I think that clown goes to Martin Krantz of Smart Eye. As for jam tomorrow..........some impressive OEM's and tier1's believe in them. I must admit I thought Lombard would have started buying again by now. Needs news flow, until then momentum traders and waivers have it. |
mm92
7 Apr '24 - 12:37 - 19305 of 19311
Great post mm92.
I think the management are great at their job but perhaps put that before commerciality.
It has been a long time on the market, for investors.
Nonetheless fascinating technology. |
looking a bit grim here share price wise |
I thought the CEO gave a realistic view of why RFQ's where being delayed in the H1 '24 presentation. The mirror solution from Magna has delayed many RFQ's in my opinion, as it has one major benefit over other solutions - it can be installed quickly without major re-tooling. Look how quickly VW group rolled out - SOP extremely quickly and on all its new 2024 models. If other OEM's go down this route, the design in can be as little as 6mths. Manga where happy to value the SEE back in Oct 22 at £380m for a 10% stake via a unsecured conv loan note. Things have only got better since. Will the directors start buying again? Who knows |
You'll need to explain how viewing the video relates or challenges what I have said? In other words what's your point? |
nvhitd you really do talk utter n. Listen to this presentation |
 The GSR deadline for this year is for the following:
2024
Regulation mandates motor vehicles of categories M and N to be equipped with ADDW systems from 7 July 2024 for all new vehicle types.
So if what Paul has stated previously is correct and there is a 2 year implementation phase from contract to SoP then we can deduce that there cannot be any more 'new vehicle types' coming in the next 2 years that we don't already know about. Any new contracts going forward will be to meet the second GSR in July 2026 which states this:
2026
Regulation mandates motor vehicles of categories M and N to be equipped with an ADDW system from 2026 for all new vehicle registrations.
Because we haven't won any significant new contracts for almost 2 years what we have now is all we have for the foreseeable and any new contracts awarded going forward will take 2 years before SoP.
The delays awarding new contracts is the biggest delay and threat to profitability and therefore share price appreciation for which Paul has to take alot of responsibility for continually telling investors that new contracts are imminent. |
Basically, we are currently in a period where investment is needed to gain future market share, while revenues are not being earned as regulation hasnt forced adoption yet. SEE has been investing heavily for years and as a result has strategic partnerships with several of the major producers. The magna deal was simply recognition of that from an indutry leading supplier.
Its obvious that these partnerships will bear fruit when the regulation obliges automakers to include DMS in production vehicles, which is the second half of this year. Any weakness now in SEE's price is therefore almost certainly a buying opportunity. We are just in an environment where the UK market is not doing well. Once revenues start to grow, I wouldnt be surprised to see a NASDAQ listing - the CEO has already alluded to investigating this possibility. |
*regulation requires |
I think its more that auto makers have delayed including until the regulation permits, which is currently 7 July this year in the EU. We should see exponential revenue growth from that point as new models are launched and production of old models start to wind down. By Q426 when the magna payment is due it shouldnt be an issue at all. the main issue will be whether magna wants ot convert at 11p, which will hopefully be significantly lower than the share price by that date. |
What regulation have been delayed since we enter the agreement with Magna? |
(It’s a fixed 11p conversion price) |
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