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Recent discussions among investors regarding Seeing Machines Limited (AIM: SEE) have highlighted a significant collaboration agreement with Mitsubishi Electric Mobility Corp. (MEMCO) that is expected to enhance their market presence in the automotive sector, particularly concerning Driver Monitoring Systems (DMS) and Operator Monitoring Systems (OMS). This partnership, which aims to leverage MEMCO's distribution network in Japan, Europe, and North America, has been recognized as a substantial step forward for the company. Investors are optimistic about the growing demand for DMS technology, especially with impending regulations in the EU requiring new cars to incorporate such systems by mid-2026.
Financially, the sentiment appears bullish as investors have noted an influx of director purchases, signaling confidence in future performance. The total investment from Mitsubishi, quoted at £26 million, has fueled discussions about the potential growth and market valuation of SEE. The consensus among participants reflects an anticipation for a strong 2025, with expectations for increased contract wins and a route toward cash flow break-even. Key quotes from this dialogue underscore the optimism, such as "Did Mitsubishi invest £26 million into SEE for fun?" and "This should be a good year for news flow," indicating a shared belief that the foundation is set for significant advancements in the upcoming year.
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Recently, Seeing Machines Limited has been active in the financial markets, with several significant developments regarding shares and holdings. On January 2, 2025, a notification was reported indicating significant changes in shareholdings, primarily involving new acquisitions and disposals of shares. Notably, Lombard Odier Asset Management sold a substantial number of shares to Mitsubishi Electric Mobility Corporation, as part of a broader strategic shift in its holdings. This sale saw Lombard’s stake reduced but still retains approximately 9.87% of the total shares.
In management activity, key executives at Seeing Machines have also demonstrated confidence in the company’s future by purchasing shares. Chief Financial Officer Martin Ive acquired 96,750 ordinary shares at 4.65 pence each, while Chair Kate Hill purchased 200,000 shares at 4.80 pence each, raising their respective stake in the company. These transactions underscore the leadership’s commitment to Seeing Machines amidst its ongoing operations in the AI-powered operator monitoring systems market. Such movements in shareholdings and strategic partnerships reflect the company's potential growth trajectory and investor interest in its technologies aimed at enhancing transport safety.
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And the share price is with 80% YoY growth? By now it should be double or triple that number if they had delivered to their stated targets. |
what a poor post. |
We need to be more worried and focused on our own company failings. |
Also said they didn't need cash and then raised SEK150m virtually the next day. If they hadn't SE would have been down to SEK20m with some SEK50m loan note (conditions of drawdown unknown). Based on todays numbers they would have run out of cash well before cashflow breakeven without the fund raise. This is red flag land |
Lord knows why Smart Eye is up on its Q1 results. Auto revenue up SEK19.1m on Q1 2023 and most of that is non-reoccurring engineering work. A years worth of hype for a USD 3.0m increase. Watched the presentation and the lack of any detail was shocking even when directly asked. As usual he signed off with an outrageous unsubstantiated bullish note. I have been to hundreds of company presentations over the years and I would have packed my bags a left this one with some feeble excuse. |
Camera watching you drive? Monitoring tech grows as regulators battle distracted driving |
ALCHEMY - name of poster |
Thanks people. |
Positive Proactive interview this morning with Paul, in which he reiterates guidance & clarifies position with G3 , about which he remains positive & Aviation |
Nice update, as Cars increase so does the revenue hand in hand. May it continue, and roll on to the next update. |
Still derisory numbers from fleet given GSR is exactly 2 months away. |
Paul McGlone, CEO of Seeing Machines, said: "As expected at the time of our last KPI announcement, we have seen strong growth return in our Q3 vs Q2 production volumes, and with over 744,000 units in Automotive production year to date, we can confidently expect our annual run rate to exceed 1 million this financial year and expand beyond that as more programs start production across our current won business. We've made good operational progress, with a particular highlight being the largest volume program won to date by Seeing Machines. This program also represents a technically challenging and groundbreaking technological solution, introducing the world's first interior cabin monitoring solution via a single camera system, which makes us very proud and reaffirms our status as a pioneer when it comes to innovation. |
Currently up 13% today ....around 5.5p to sell. Heading back to around 10p I feel. |
Hey I haven't dared look but are we bouncing back? |
There you go chaps ....100% increase cars on the road. |
Q3 FY2024 KPI highlights: |
Hiccups? Hiccoughs? Whatever. What has anything you have to say about DMS? With all due respect I think you are talking ADAS. It is not the ‘snowflakeR |
With new regulations and the hiccups that are happening with drivers monitoring system when driving your car is an increasing problem. I have a top of the range VW ID3 which likes to stick its breaks on if it sees a snowflake or a butterfly or even a bramble flapping from the edge. The emergency stop the car does can be quite off putting . If a person allows you to cross the road by flashing its lights the car just won't move. In the end it's better off not using the system. It's also not able to do cruise control on a motorway with ease. If a person comes in front of you the brakes pull you back to where it thinks is a safe space. The sudden breaking can off-put people behind. And putting cruise control with minor roads can be just as bad as it doesn't set the speed it keeps changing it to what the road will allow . For one minute you're driving at 30 the next 60 or even 70. You can't even use the prompt words as the car wants to recognize you talking to a person and but in every few minutes. It's a shame as the technology could be good if tweaked. I have tried taking my hands off the steering wheel which it should say please put your hands back on but it actually ignores that. So the system isn't working perfectly yet which the regulators might pick up on. |
Perhaps he knows something we don't? |
Further FD purchase. Couldn’t resist yet another top up. |
One day reversal! |
Good news today,& viewed positively by Colin ,good news yesterday with Magna winning a prestigious award for their mirror DMS solution - so lets hope that the positive newsflow continues with better than expected KPIs,expected in the next day or 3 |
Type | Ordinary Share |
Share ISIN | AU0000XINAJ0 |
Sector | Computer Related Svcs, Nec |
Bid Price | 3.855 |
Offer Price | 4.195 |
Open | 3.905 |
Shares Traded | 5,217,804 |
Last Trade | 15:23:53 |
Low - High | 3.90 - 4.195 |
Turnover | 67.63M |
Profit | -33.13M |
EPS - Basic | -0.0078 |
PE Ratio | -5.13 |
Market Cap | 170.87M |
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