Seeing Machines Share Discussion Threads

[skinny] 26/11/2018 07:08

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Group"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety announced that it will provide eye and face tracking sensor technologies to the Royal Australian Air Force (RAAF) for a new Pilot Training System, marking the first commercial program agreement for the Group's Aviation division.

RAAF Acting Director Integration and Innovation, Danny McCreadie commented: "The 25-plus year Pilot Training System program will introduce new high-performance aircraft, resources and facilities to help develop the next generation of Australian military pilots.

"Seeing Machines' operator monitoring technology will initially be installed in two Pilatus PC-21 advanced flight training simulators to aid pilot candidates in reaching proficiency, support and optimise pilot streaming. This will improve overall training efficiencies, reduce cost and failure rate."

In line with the RAAF's Plan JERICHO, its strategy to transform by capitalising on future high technology systems, this initial engagement will enable Seeing Machines to demonstrate its core capability, with considerable potential for future deployment across a broad range of military platforms and systems.

Ken Kroeger, CEO of Seeing Machines commented: "We are delighted to debut our Aviation eye and face tracking capability with the Royal Australian Air Force. This program follows on from our successful engagement with several major airline carriers, simulator manufacturers and air traffic management services and is affirmation that the substantial work done by our team to develop this market is now paying off.

"We have been working closely with the RAAF to understand their training needs, as well as their broader priorities and capability requirements to develop the best solution using the Seeing Machines platform technology.

"With Air Force's transition to an integrated force, utilising advanced technology and aircraft capabilities, we are well aligned to support and deliver world-class training and operational efficiencies with this pioneering program."

[bobogyo] 25/11/2018 20:58

Onetomany. If this will get to 2p you will not be thinking of buying it anymore... I still look at it as way undervalued, an amazing potential and easy to reach back where it was a few months ago upon opening up some transparent communication.If you still here and believe investing in it at some point, this is it now and I dont think it could be in your favour to try and talk it down any lower.

[volsung] 25/11/2018 15:42

10p used to have some of these but sold at a small loss around 7p. Think I’ll watch for now.

[onetomany] 25/11/2018 14:52

Fella? Fundraise? Affirmative!

[tradermel] 25/11/2018 14:41

Don't bull me fella you told everyone here UKOG was going to be 10p within X weeks (cannot remember the exact timescale)

Any way speculation time and its a lot more wooley as there are no company facts to go off just Cenkos and Semicast estimates:

Cenkos 2019 look ahead
- Hardware revenues beyond the current Gen2 order to be at 10% royalty.
- Monitoring revenues shared A$30 per connection per month.

So Cenkos are stating 2019 and nothing for one off payments.

Semicast estimates revenues between $25-50mil, a midway figure of $37.5mil which is around A$50mil.

So A$50m extra revenue and profits for 2019.

Current forecast revenue is A$35mil

Therefore revenue could be as high as A$85m -

Have we buried the need for a Fundraise yet? Well I think between the two sets of figures there may be a period that runs a bit short, so a smaller II placing in March may be needed.

[onetomany] 25/11/2018 14:23

Miserably wrong on UKOG? Sold entire holding here at 13 ish and bought UKOG at 1.1p. Granted I've been adding more at various prices but well in profit on 15m shares now. I'm not short on SEE. Will buy back once we have clarity on the financial problems and if they get a placing away. Expecting 2p entry

[tradermel] 25/11/2018 13:38

Why is there no need for cash then Tradermel? Ok if you insist let’s run through the figures using the company’s own trading update and figures released on 19th September:



December 31st 2017 the cash remaining was A$18.0 mil
January 2018 the cash raised through the offer was A$68.4 mil making A$86.4
June 30th 2018 the cash remaining was A$42.8 mil
So cash burn of A$43.6

During the accounting period Fleet and Automotive generated A$25mil total revenue was A$30.7mil – IF there was no increase in revenue during this period (and these had doubled on the 2017 reports) we can GUESS the same revenue was / will be generated

According to these figures in January 2018 SEE will still have a balance of A$29.9mil

Additionally, the period had one off construction and development costs during 2017 that will not be repeated this last year so the current burn should be materially less and I suspect that incomes will be higher and the actual balence in excess of A$34mil

[tradermel] 25/11/2018 11:02

You called it right here yes, but got it miserably wrong on UKOG and others. Just be honest though you have this one spreadbet short and you are attempting to drive this lower for your own selfish ends.

[onetomany] 25/11/2018 10:58

In my case just trying to give everyone a heads up for last few months. I called it spot on although it's now surpassing my lowest expectations, hence revising my target to 2p.

[tradermel] 25/11/2018 10:47

Try to be remotely factual simon. What motivates you people? Seriously, what drives you to revisite a share you are not invested in, just to post utter tripe?

[simonh88] 24/11/2018 20:08

Going, going, going........... BUST

Badly managed, poorly run by a bunch of clowns

[alessxito] 24/11/2018 17:26

You are saying 46 m is the value of this company?

[10p here we come] 24/11/2018 16:32

volsung, use the weekly charts for your entry, and pray.

SEE is notoriously volatile, you will see.

[tradermel] 24/11/2018 14:03

Because there was no need for a placing DUH!

[onetomany] 24/11/2018 13:51

Wait and see. Unable to get placing away for month. Why? 2p coming.

[onetomany] 24/11/2018 11:43

Inspirational words volsung

[volsung] 24/11/2018 11:21

Buy low sell high is a great concept but assumes that you know when a price is high and when it it is low eg someone buying now might assume the price is low historically but if the share price falls to 2p then he has bought high. 2p might also be high if the company goes bust. 20/20 hindsight is great

[onetomany] 24/11/2018 10:59

Why couldn't they get the placing away? What do the institutions know that we don't? Why has the CFO really had to go? Do we have a Carlos Ghosn scenario?To be revealed soon imho.

[tradermel] 23/11/2018 20:38

Well that was a pretty rubbish day and the BoD stay in the shadows and do nothing. Good riddance to the CFO as he was probably the source of the problem and maybe a good friend, but pretty usless IMO. Continuation of getting the problems sorted in SEE shame the market sees it different. Then again 3 mil sell at 9.31 kinda fuks the day anyway

[10p here we come] 23/11/2018 18:48

Buy low sell high. Not the other way around!

[10p here we come] 23/11/2018 18:47

We've all done it! But now I've learnt to hold fire and buy at these levels instead.

[boris cobaka] 23/11/2018 16:38

18mil today plus another 2.5mil on nex.
Biggest weekly volume since the sept death plunge. Does look like this might have been the final clearout or at least the start.

Will watch more closely next week. Let's see if there's any chunkyt late trades.


edit: there we go that late trade was responsible for the plunge earlier on.
3 mil sell. I guess with these size trades it would indicate we're at or close to a capitulation . Fancy having to dump at these levels.

[zero the hero] 23/11/2018 16:20

13516 . But to repeat the same point over and over and over is not.

13517 . Never ramped a stock yet - on a different share I joined a different thread to disassociate from ramping as it is just as harmful. And Boris who the hell could be happy with a purchase going this low. My gains are now as low as +18% and I am the mug who sat on his hands all the way down.

Stupidly I still feel 2019 holds good rewards but seriously concerned my judgement is lacking