Nvh is clearly either a holder ( why else listen to a 20 minute proactive video)or his interests are with our competition & he will always present negative spin.
Appreciate that these interviews are scripted but he responded to the key points & despite slippage of timescales in the OEM awards of RFQs he considers we remain on track to win Auto business & continue to annually double cars in production with our tech & G3 appears to be close to securing more wins, mandated by European legislation & our relationships with Magna & Valeo sound especially strong.
I remain optimistic. |
Very good interview from Paul telling us that royalties doubling per annum and still expect to win 40% of the market.
Many other points clearly aimed at BB writers who have made unsubstantiated claims to the opposite.
Nvh needs to take note. I read his latest post and at least he is no longer writing in a vitriolic style even though he has wrongly in my view stated that things seem downbeat. Quite the opposite in my opinion.
Time for Nvh to apologise and move on or at least write factual information and not make unsubstantiated accusations. |
The latest Proactive interview
CEO very much his normal self and great to hear Automotive still very much on track - watch for yourselves rather than reading the BS that gets posted here. He also goes onto mention why news is deferred due to regulation implementation being put back 2 years.
Very good interview for those that will listen rather than bring an agenda |
It was Jasper from redeye who started the rumours and quickly deleted them.The fact is the technology is mandated for all vehicles in 2026. We know that current awards aren't enough to cover the volume.The quickest solution to implement seems to be the mirror. We seem to be best placed to win the mirror business. So personally I think the awards will come and the majority will go to us. |
 Paul sounds pretty downbeat to me in the new video and you definitely get the feeling he's been forced into responding to general investor concerns around the lack of new contracts and updates on sales / delivery / progress.
He's been kicking the can down the road regarding auto wins since the day he took on the CEO's role. The prediction that new awards would flow at the end of 2023 and early 2024 has now been pushed back again to the end of 2024 and early 2025. Let's hope and pray he gets it right this time for once because the mantra and metric of
doubling the amount of cars SEE has DMS fitted to is becoming more and more irrelevant. It's now down to growing the order book and quarterly sales, not how many cars are fitted with DMS.
By now the order book should be sitting at $1 billion if they were meeting their publicly stated targets, but they are not and the share price reflects their lack of progress.
Paul never really clarifies anything and investors are still left with more questions than answers. Fleet is typical of that. What did he actually clarify that gives investors confidence that we have more than a couple of small orders from a potential annual EU market size of 330K vehicles? What does production in significant numbers actually mean?
Very disappointing interview driven by investor concerns and delivered by what looks like a downbeat and frustrated CEO.
I wonder what author he was referring to for the commentary around the Magna rumours? |
Someone on the Telegram Group referred to an arrangement fee +1% per month of funds drawn -with a total cost of 19/20% |
Two pieces of info from LSE Bulletin board for anyone who hasn't seen them.....
.....
1/ SEYE get a further Credit facility (apparently) at high price...
hxxps://www.smarteye.se/investors/press-releases/press-detail/?slug=smart-eye-expands-its-credit-facility
(From Redeye Analysts....)
" Smart Eye has secured a total credit facility of SEK150m, increasing its unused credit limit from SEK82m to SEK232m. Including the company's cash position as of Q2'24, Smart Eye has a total of SEK342m in available cash.
Regarding the interest rate, Smart Eye states that it is "on market terms" with an "independent credit market actor group." If it had been with a ‘traditional bank’ with a, say, 5-7% interest rate, we assume the bank’s name would have been named and that the interest rate would have been specified somewhat more in detail. Hence, we believe the interest rate, if used, is at least 10%.
Regarding the timing for breakeven, nothing was mentioned in the press release. However, Smart Eye stated that "global new car sales are currently not meeting the expected levels", likely implying that the company's own estimate of breakeven is pushed forward by at least one quarter. That would imply that the company's own breakeven estimate would be moved from Q1/Q2 2025 to Q2/Q3 2025. "
2 / Wrightbus get their largest ever order (1,200 buses) from Go-ahead for London. |
Forgive me. Always happy to concede when I got something wrong. It was still BS whether it was adding a zero to 7p or 10p. Infact it makes it look worse because we can't even achieve 70p rather than 100p per share.
The Italian Job investor video highlighted the depths CEO's will sink to in order to con investors out of their hard earned cash. How he can face people having made the statement about the 330 plane order shows these people have no moral compass.
Then there's the hundreds of thousands of PO'S for Gen 3 also made 2 years ago from a European market size of 330K vehicles per year. Two years later and investors have no idea how many Gen 3 products are produced or sold or even demand ans orders. Something hasn't gone to plan in all 3 verticals and I for one would welcome some honesty for a change. |
Nvh -I don't disagree with your opening comments-however you are clearly confused,or maybe had one too many shandies this evening.I was at the Oct 22 Town Hall & PM certainly did not refer to our share price being undervalued by a factor 10 when our share price was 10p.
That comment was made during the much discussed later presentation ( which was rapidly pulled)to prospective Italian investors with our Sp @ 7p-inferring fair value of a mere 70p.
If you are being critical you could at least be accurate -or post in Swedish which may make more sense to some readers |
We should get some waffle from Paul and Co in the next week or so. Cash breakeven has been signposted to be upto 6 months later than advertised. We should be breakeven in 3 months, but now we're looking at 9 months at least.
Still no Gen 3 contracts and only 1 OEM extension all year todate.
No aviation product despite being told a 330 aircraft order would be landing by the end of 2022.
It's been almost 2 years since the town hall meeting in London where Paul said we could expect a zero on the end of the then share price of circa 10p. What a load of BS.
2024 has been a disaster so far. |
lfc, you are correct and normally I agree. I just could not accept that outrageous lies and unsubstantiated claims go unchallenged. |
Thanks base for update. No doubt NVH will put a downer on that. |
Presentations by Magna yesterday seem to confirm our presence in their latest generation smart mirrors.It would be great to know what their expected annual production numbers are |
probably time to stop feeding the troll |
The Magna license expires in 9 months, which means we should be able to negotiate a new deal.The money doesn't have to be paid back for 2 years though. |
But surely it won't worry you Stu T cos you sold out because of the impending bad news. Right? In fact one could ask why are you still here moaning on? |
We're now in the final quarter of 2024 and no one can dispute that it hasn't gone to plan according to the claims made by Paul and Co.
The expected busy first half of 2024 for OEM new contracts based on their "confidence factors" and "what's in the hopper" hasn't materialised. Infact 2024 has to be one of the worst years fir new contracts for a very long time and that's with less than 2 years to go before ADDW system requirements of GSR kick in.
They've missed their target for news on a red / blue label product for aviation and let's face it we are looking at a 10 year timeframe before a product is mandatory in aircraft.
Then there's the lack of any news or sales in aftermarket for Gen 3. Have we actually got any product to sell now we've sold the remaining Gen 2 product for a song to Caterpillar?
Is a raise coming to fund Gen 3 production.
The Magna deal expires in 9 months and payback of the CLN is looming large. There's no way Magna will convert at 11p if the actual share price is 4.5p.
Profitability has been indicated to be delayed.
It's no wonder the share price is stagnating around these levels.
There's so much that hasn't been delivered and it's no wonder they are so quiet. |
But surely it won't worry you Stu T cos you sold out because of the impending bad news. Right? In fact one could ask why are you still here moaning on? |
Why don't you just answer horsepower? |
I see that our main man in Aftermarket for EMEA has quit and gone elsewhere. Sold sweet fa under his tenure, but now we have a new product, regulatory tailwinds behind us and hundreds of thousands of PO'S it seems a strange time to quit?
Maybe he knew he just couldn't sell it and was missing his annual bonuses. |
Why are you still here. Genuinely, I would be fascinated to know. Either you have an agenda or no life whatsoever. Which is it. |
There will still be plenty of competition whatever the regulations state. This is not the 3 or 4 horse race CB and others had us believe for years. We've just discovered our Tier 1 partner had their own DMS system that Colin never mentioned.
I'm looking forward to finding out next month what's gone so wrong with their predictions around contract growth in all verticals.
Only a few days left of Q3 and no new auto contracts and Where's the red label aviation product? It will be interesting to hear about Gen 3 sales in aftermarket and after manufacturer given they have sold the remaining Gen 2 products to Caterpillar for a song. |
"So far many OEMs have taken the lowest cost option for DMS and just procured the cheapest software, or not even bothered at all. Fair enough, but the safety agencies are far ahead. Euro NCAP - For Safer Cars, Vans & Trucks introduced owl and lizard movement detection to its 2023 hashtag#OSM protocols, which served to reward hashtag#eyegaze tracking over simple head pose. This formed the foundation for hashtag#GSR to demand eye gaze tracking for hashtag#ADDW (distraction) compliance. ADDW isn't advisory like hashtag#NCAP but mandatory and required in all Class M and N vehicles sold in the EU from 7 July 2026. hashtag#Homologation is necessary before this date.
We don't know specifics, but Euro NCAP is set to publish its 2026 OSM protocols soon, which will probably raise the DMS performance bar further by using eye gaze tracking to monitor hashtag#cognitivedistraction. In turn, that is likely to be introduced into a revised ADDW protocol for GSR compliance in 2027. We know from the Global NCAP Congress held in April that hashtag#NHTSA is involved in protocol definitions, so elements of what we see happening in Europe will appear in the NHTSA hashtag#FMVSS for impaired driving later this year.
The race to offer automated driving, roll out software-defined vehicles hashtag#SDV and lately to add hashtag#GenAI and hashtag#ChatGPT to their vehicles has led many OEMs to dismiss the significance of DMS legislation. But DMS offers the greatest advance to road safety since seatbelts and airbags, and the safety agencies know this.
Tesla can talk up hashtag#FSD all it likes, so too other OEMs with hashtag#eyesoff driving. But here's the thing: OEMs have to install DMS that is compliant with the regulations for homologation and FMVSS or not sell their vehicles at all. So what is the priority now?" |
Yes but wait until 2026 and they won't have a choice.
You only quoted the negative stuff, overall the article is bullish. |
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