We could not find any results for:
Make sure your spelling is correct or try broadening your search.
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Top Brokers
Investor discussions regarding Seeing Machines Limited (SEE) have reflected a strong upward sentiment, with several participants noting the recent price rally, which seems to be driven by speculation about positive developments rather than specific news. A notable mention is from "zero the hero," who pointed out the stock’s recent tip in a financial publication, suggesting that it contributed to part of the rise but also noted that the share price was severely undervalued at previous levels. The phrase “Anything in the 3's was a complete joke driven down by a persistent seller” illustrates the frustration with past pricing and sets a positive tone for future expectations.
Other contributors, like "amt," hinted at significant developments, believing there might be new deals on the horizon, which would explain the sudden interest in the stock. "Skinny" and "horsepower" echoed this bullish sentiment, emphasizing the unusual price rally occurring without any accompanying news, suggesting that something substantial could be occurring behind the scenes. Quotes such as “Another decent day volume wise” and “SEE is coming into its own at last!” indicate an overall optimistic view among investors who feel that the company's value is finally being recognized. The discussions convey a strong belief in the potential for Seeing Machines to establish itself firmly in the market.
Show more
Seeing Machines Limited recently released its Annual Report for the financial year ending June 30, 2024, which is now available for download on their website. The report includes insights into the company’s performance and strategic objectives. As a leader in advanced computer vision technology, Seeing Machines focuses on developing AI-powered operator monitoring systems aimed at enhancing transport safety.
While specific financial highlights from the report have not been disclosed in this announcement, the release of the Annual Report typically reflects the company's performance over the past year, detailing revenue, expenses, and future projections. The report is crucial for investors and stakeholders in understanding the company's direction and operational success in the competitive tech landscape.
Show more
nvhitd - you really need to research SEE better. Magna cannot demand repayment of the loan nor the interest on the loan come Oct 2026. Read the terms of the agreement. It has a conversion price of 11p. Look at it as a deferred fund raise at 11p. For this Magna will end up with about 9.9% of SEE. Debt comes off the balance sheet and shares are issued and at 11p hardly dilutive. As I see it this loan was to help develop the software to work with the rear view mirror and future generation of it. It would be total nonsense for Magna to start all over again with Smart eye etc. Secondly, I don't think you really understand what July GSR deadline means for after market. It doesn't mean they have to fit a camera based system (direct) that comes in 2026. An indirect system, like a vibrating seat and audible sound may do if the diver takes their hands off the steering wheel. As we approach 2026, expect a rapid acceleration of camera based systems, as vans, buses lorries are mandated to provide direct camera systems. |
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) had a 'buy' rating from Stifel reiterated after the company secured a $16.5 million upfront payment from global mining equipment giant Caterpillar for its Guardian driver monitoring product. |
Magna are unlikely to build a product heavily geared to joint IP, show it off tonthe world with See logos in it and then swap to cipia or smarteye. They are already huilding the next gen with alcohol.interlock qualified by see tech. You are just spreading FUD and embarrassing yourself just like you do when you post chippy comments on Linkedin and Twitter on See posts. How do you gain by doing that IF you hold see shares. Which i doubt or you are massivley over exposed for which you have yourself to blame. Rainbow chasing and illinformed |
Magna? You do realise we owe Magna $47 million in either cash or shares in October 2026? That'll fly by so we need to be making significant cash to pay them back or be diluted. If they choose to continue with SEE they will hold all the aces. We need them more than they need us. As pointed out we have 12 months left with Magna. There's no certainty they will continue with SEE. They could well be talking to Smarteye or Cipia. So they could easily flip to Smarteye next year and demand most of their money in 2026. Please don't tell me that's not a possibility. We only have to look at BMW to know that nothing lasts forever. |
Pretty sour news about the EBITA, however most likely restructuring costs in releasing staff after the move. Clumsily dealt with by PMG as the reduction deserves explanation. The market obviously does not like this. |
Well, currently there’s 1m, 750k, 250k, 150k all offered inside the price. Bid at 4.58 works in 25k and there is nothing at all below that. |
I get that ..... but Caterpillar wouldn't be paying $16.5m unless they needed this technology ..... also ..... cash and revenue to meet or exceed expectations .... so I don't see any risk of business failure. |
heavily offered 750k in one place and more, one mm trying to prop up the book but no size on the bid at all and a profit warning hidden in the detail. What’s not to like? |
Just added at 4.6p :-) |
I was just about to post something similar smithless, though agree it's been a long haul. |
My biggest immediate concern was cash and I don' think I was alone. The US16.5m from Caterpillar removes this. How much will Magna have to pay? As for Gen 3 and GSR, remember DMS is only a mandatory requirement from June 2026, until then a vibrating steering wheel and dash warning will do. As we get nearer June 2026 expect demand to accelerate. At the moment cash is king and SEE has ticked a big box for me. |
I think we have a shrewd idea...... |
Let's see how the market reacts |
Despite Cash EBITDA being lower in FY2024, the Board confirms that the business is funded to deliver on the Seeing Machines business plan and reiterates its expectation to achieve a cash flow break-even run rate in FY2025. |
Paul McGlone, CEO at Seeing Machines, commented: "When we signed our initial strategic agreement with Caterpillar in 2015 to work exclusively to deliver our package of monitoring technology to their customers in certain core industry sectors related to mining, it was a transformational agreement for the industry. As we enter this next phase of our strategic collaboration with Caterpillar, we are delighted to be signing this revised agreement, setting the agenda for the next 5 years. The US$16.5 million payment will bolster our cash reserves and help deliver on our business plan as we move closer to achieving a cash flow break-even run rate in FY2025. |
Nvhltd, |
Wow ..... I wasn't aware of the Caterpillar deal ...... $16.5 million up front payment ! |
Oh dear, oh dear. Nothing new, but an extension and buried in the positive spin is the real news that revenues are below target. This is with 2 weeks to go before the first GSR deadline. |
amt |
Key elements of the Revised Agreement: |
But warning on EBITDA so mixed bag |
Nice one |
Fantastic renewal !! |
Type | Ordinary Share |
Share ISIN | AU0000XINAJ0 |
Sector | Computer Related Svcs, Nec |
Bid Price | 4.45 |
Offer Price | 4.60 |
Open | 4.62 |
Shares Traded | 1,033,137 |
Last Trade | 16:35:01 |
Low - High | 4.60 - 4.62 |
Turnover | 67.63M |
Profit | -33.13M |
EPS - Basic | -0.0078 |
PE Ratio | -5.90 |
Market Cap | 197.35M |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Subscribe to Ad free and enjoy an ad-free experience
Try Now
Keep the Ads