Yes and NVH has run out of bad things to say about management, I bet he regrets it. |
Another decent day volume wise. |
Ahahahahaha. Looks that way. |
We can but hope (again)! |
I don't think I've ever seen a share price rally like this without any news, rumour or being tipped. I like it though. Something big is clearly afoot. |
Perhaps their value is being seen ! |
I have been elsewhere and missed the ground gained
but most pleasing. |
Mirabeau....SEE you have joined the fold! |
SEE is coming into it's own at last! |
Probably a lot going on behind the scenes and new deals on the way. |
What’s going on here, just bouncing from lows or something else? |
Share price looking stronger today. |
Will you be celebrating Christmas this year NVH ? |
We're doomed, doomed. |
Strikes now taking place at VW. That's going to aff3ct sales for sure.
Nissan have give themselves 12 months.
China seems to be taking market share. Rather short sighted of Paul not to focus on that market. |
Blimey so it's worthless then. |
 Well here we are at the start of December and what a poor year it has been. They proclaimed that early 2024 was going to deliver the long awaited RFQ's they have teased for years and they were going to be bigger and better as a result. Nothing has materialised. Infact 2024 has to go down as one of the worst years for SEE when you consider how close we are to breakeven and the implementation of the second GSR in circa 18 months time.
Year to date the share price is down 41% reflecting the dire progress made.
Profitability targets have been missed. We've been railroaded into a poor deal with catapiller to shore up the ever diminishing cash position and we're now using a factoring service to get the cash in which itself carries a cost burden.
Sales of dms didn't hit target and the perilous state of the global car market is almost certainly going to have a negative affect on this year's growth. Our largest customer is now on strike so quarterly sales targets are going to be short too.
The optimism around Gen 3 and the potential size of the market that Paul communicated to shareholders at the town hall meeting 2 years ago has evaporated like all his other claims around inflection points. Sales forecasts, if you can call them that, are miserly when we consider they trumpeted this game changing product with technical advantages, cost savings, margin expansion, favourable new regulations and a market size of 330K commercial vehicles in Europe alone. It turns out nobody wants it until they have to in 20 months time which is also evidenced by the fact that only 2 clients have gone through the homologation process.
Then there was the much trumpeted Sales alliance with Mobileye which again delivered zip in the way of sales and has quietly disappeared without comment until forced to do so by investors.
The only potential sign of optimism has to be the 18 months left to go before the second GSR comes into play, however, we have to be concerned why, when it takes 2 years of engineering development, the 'missing' OEM'S have still not shown their hand? |
Here he comes.
Just when things starting look exciting Mr glass Empty comes along for a winge.
Cheer up Nvh the futures bright, the futures Seeing Machines. |
More than 2 weeks since the results presentation and still no answers to the written pre meeting questions. Typical |
Just watched Smart Eye presentation via their investor relations company Red Eye and the CEO does have a way of spinning no new into something glowingly positive. From what I can see its all non reoccurring revenue on tiny margins. But his punters lap it up. Next placing early next year as usual is my prediction, on the back of spin that translates to nothing. |
Wishful thinking as it's in a relentless death spiral. |
SEE's nearly there with new laws coming into force in 2026 so the automakers are gonna be rushing to install in 2025..
even a small placing wouldn't bother me if we knew more orders had been placed. the damaging placings are those that raise cash to 'keep the lights on' rather than placings whose purpose is too expand the business in response to further orders |
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