Seeing Machines Share Discussion Threads

[insideryou] 14/2/2018 10:05

Exactly paw. Placings more often than not drop below placing.

[stuart4u] 14/2/2018 09:52

My my - bright "young companies".
You've clearly done your research :0

[pawdaw] 14/2/2018 09:14

As with so many of these bright young companies you needn't worry too much about missing the boat on an open offer (or getting just 20% of what you asked for) since you can usually picking up the shares for less than the placing price later on. I expect to do so here.

[rjcdc] 14/2/2018 08:48

Sp action disappo8nting, at the bottom of the trough and needs to bounce... back to placing price. Really needs something to lift it.

[poombear] 13/2/2018 13:29

Interview today on Vox Market podcast with fleet manager.

[pottermagic2310] 13/2/2018 11:07

I'd agree - he could well be off-loading that 4million+ he accrued.... bit short-sighted perhaps considering is inside knowledge... bitter perhaps ?

[cfb2] 13/2/2018 11:01

I would assume Mike McAuliffe is selling off his holding. When someone leaves a company on short notice I think we can assume they'll sell off their shareholding.

He had 3,093,685 shares and he bought 1m shares in recent fund raising.

Unless the board of SEE are complete idiots he will have lost his options.

[my retirement fund] 13/2/2018 09:06

Must be a fairly chunky sell order holding this diwn. Those 500k trades would be buys if executed this morning although admittedly they could have been yesterday.I have just paid 5.24p for dipping my toe in for an initiall 50K.

[mr. t] 12/2/2018 20:06

Thanks for your comments, that's helpful.

[pottermagic2310] 12/2/2018 14:08

That finncap note also refers very specifically to Fleet and was very specifically related to not realising substantial one-off income from FOVIO, meaning some of that would not be available for specific investment back into Fleet.

The Business Plan has changed, with increased opportunities outside of Fleet offsetting the constraints imposed upon Fleet.

[arthurly] 12/2/2018 12:29

For me, brokers estimates should be taken with a pinch of salt. The RNS in November forecasting a trebling of turnover this year and doubling next year, is far more important. Now this has been re-iterated a few days ago. I was very pleased as H1 was slightly better than my own estimate (so achieving the trebling by the end of H2 Should be relatively easy). Further, this will have been done whilst the new version of the Fleet product has been delayed from December to March.

I suspect next years forecast will be slightly increased to 85m to 90m A$ at least as the new funds help to increase forecasts.

[boonboon] 12/2/2018 11:45

They're forecasting a lowering in revenue due to cash restraints. Initially they were going to sell off fovio to get cash to invest in the rest of the business. They didn't end up doing this and therefore didn't have enough cash to invest in all the separate businesses. This has lead to a delay in the number of fleet assessments and more importantly the roll out of the next generation of the guardian product. This is now due out in March. As a lower cost product it should see an increase of uptake.

[mr. t] 12/2/2018 11:22

Boonboon, please can you describe the difference in the business plan pre and post Oct 2017 to help me? The 17 October finncap note (where they reduced revenue forecasts by 11% and increased loss forecast by 11%) says:

“The trading update notes an A$200m pipeline of opportunities; however, prudent resource constraints have forced a slowdown in spending on the Fleet business roll-out with a knock-on impact to this year’s revenue and losses. Since the sale of the Off-Road business to Caterpillar, Fleet is the main revenue-driving division. On the back of this update, we are easing our Fleet - and therefore group - revenue and earnings forecasts for FY 2018 and FY 2019.”

It sounds like finncap is simply forecasting a reduction in revenue due to lower customer orders.

[boonboon] 12/2/2018 10:56

Because the previous business plan was selling of half the business and IP for a short term gain. The new business plan provides a slower route to profitability, but a more meaningful profitability over the longer term.

[mr. t] 12/2/2018 10:37

pottermagic, all future revenue and profit forecasts have been changed for the worse by the broker in the last 6 months. How can that be a better business plan? Unless the previous one was unachievable.

[pottermagic2310] 12/2/2018 09:26

I agree with BB... the Business Plan has changed... and for the better in my opinion, as long as we get our IP into multiple integrated Products in multiple Sectors across all/many Markets/Regions via many & varied Partners/Customers.

[boonboon] 12/2/2018 08:13

They were reduced because the fovio spin off didn't happen and there were cashflow issues that were inhibiting growth. Now the funding is secure we should see broker targets grow again.

[mr. t] 12/2/2018 08:09

Thanks for the links to the broker notes. In Finncap's 17 Aug note, Forecasts for revenue and ebitda were reduced for this year and next (p. 10 of note). Revenue and ebitda forecasts are reduced further by the time we get to the 8 Feb note.These aren't trends I like, so I'm going to sit on the sidelines for the moment to see how things develop.

[pottermagic2310] 09/2/2018 10:53

Various levels of ADAS capabilities integrated within Automotive Vehicles are road-mapped out to 2022, with 2020 being a L3 capability tipping point.

We could easily see mass integration of SEE's tech in multiple OEMs' Products from Spring 2019, which means production intent development, testing & validation this year... which could mean price point agreements this year with associated, trustworthy volume forecasts from OEMs this year too

Who knows ?

[abid6814] 09/2/2018 09:34

Its not a company that excels at PR. Coupled with current market conditions, the unexpected and poorly communicated exit of the CEO we are where we are.Guardian and Fleet is generating the bread and butter that will grow the company but the market is interested in the honey that is automotive contracts and driverless tech. The uptake to date on the latter has been slow. We need more of the assessments turning into contracts. Fingers crossed 2018 sees a number of announcements even if they can't name names!

[rjcdc] 09/2/2018 09:06

Needs to pick up again, otherwise going to drift. The news yesterday didn’t really do much and it feels like they’ve gone backwards in terms of good news...
The cynical side of me is saying they may have pushed ‘news’ to get the share price up to get the fundraising c9mpleted.

Contract announcements are needed.

[longsight] 08/2/2018 18:11

Mr T, some brokers notes

[mr. t] 08/2/2018 18:02

Thanks unionhall and boonboon.What are your thoughts on when SEE will generate positive EBIT, and their long term profit potential? I like the idea of SEE's face seeing technology, and the fact they're already selling to major customers such as GM and Caterpillar. I'd also like to understand more about how much money they might make and when.Sorry if this has already been discussed at length, can you just point me in the right direction if it has?

[unionhall] 08/2/2018 12:03

Seeing machines the only solution referenced in this article form CNBC..