Seeing Machines Share Discussion Threads

[rjcdc] 30/4/2019 10:53

From the last oem RNS.....

...has been appointed by Joyson Safety Systems (JSS)

I guess that has to be a contract then.

[pbj] 30/4/2019 10:07

Not much ever seems to come of this share, unfortunately can see it dropping
below 3p maybe touching 2.5p.
For all the talk of contracts and data and other great things it means nothing until they realise a profit.
With their overheads, lots of salaries to pay this is just another aim employer for
certain individuals.
Fully expect to get shot down but this is reality.
Latest director change doesn't look good either.

[derf1953] 30/4/2019 09:30

Have SEE got any contracts with OEMs or are they just letters of intent?

[rjcdc] 30/4/2019 09:19

Agree re the house broker.... don’t trust them as far as I cd throw em... however, there is no need to over egg the TP now, funding is done for 18 months... 12p isn’t a silly target either....

However, I would happily sit at 50% of that target for the time being - 6p. The current share price doesn’t reflect the years of research, stock, data, contracts, current cash level and EU legislation IMO..

Ironically, I think it will be fleet that kicks the share price north in the near term...

[base7] 28/4/2019 18:38

It will be interesting to see if any new share holdings are disclosable in the next week

[cfb2] 28/4/2019 18:02

The downside is an overhang with selling into any rise and a great deal of risk as to whether SEE make good on these contract wins. SEE have announced they aren't going to break even for another 3-4 years so a great deal of patience is required. I expect you're going to need to wait 2-3 years before any return and that's assuming they don't find another method to shoot themselves in the foot.

Having sold after the last fund raising, I'm sitting on the sidelines until we've had a few good trading updates and some of these contracts, that are supposed to be concluded before the end of June, are actually announced. Hopefully Ken Kroeger is replaced by someone competent from the auto industry. If SEE need another round of funding in the next 3 years then the share price is going to be devastated, I'm surprised KK leaving was not a condition of the last fund raising.

Even if SEE do everything right they are still dependant on the car manufacturers rolling out their new models with DMS on schedule.

And as for Canaccord, they are joint house broker so I'd be sceptical of their 12p target and rumour has it that they have a number of shares to dispose of after the last fund raising. Previous house broker finncap had a 12p target for years.

[gersemi] 28/4/2019 09:51

I'm looking at this as well. From a technical perspective the price at 3p is solid support going back 3-4 years. From a fundamental perspective the company now has plenty of cash, little debt and world beating technology. What's the downside from here? If you can detect sources of downside risk then the upside usually takes care of itself

[base7] 28/4/2019 09:38

The consensus (apart from EM)of the experts is that fully autonomous driving ,otherctgan in very controlled environments ,is at least 10 years away .Meanwhile the consensus also that DMS will soon be mandatory for all vehicles globally at point of manufacture .There is growing competition but we are ahead of the crowd & have Fovio + a massive amount of valuable date from Fleet .Hopefully we will win a large number of outstanding RFQ s & there should be positive Fleet news & the possibility of Aviation news .Now fully funded our share price should soon start to respond to positive news & despite my large holding I am considering adding @ around 3p.Hopefully,for once ,Cannacord will be right & our SO will reach their target of 12p

[rjcdc] 27/4/2019 10:43

Canaccord target still 12p apparently....

I’m expecting the share price to start to leave 3p behind in the next couple of weeks..

there seems to be no method in valuing the company currently but a MC of £150m seems to have been accepted for a larger part of the last year... so I’m HOPING it will sit at 5p before news comes in over the next 12 months...

[zero the hero] 25/4/2019 14:33

So the Independent Trust have increased their holding from 4.56% to 5.05% over and above the dilution. Now they have 5.05% of 3.3billion = 170million shares

Not bad increase with 60-65m in placing and 5-10m bought recently

Meanwhile SEE's own site is well out of date! (17-12-18)

Shareholder % of total Shares in issue
VS International Venture 12.10
Independent Investment Trust 4.37
Legal & General Investment Management 4.24
Miton Asset Management 3.95
Herald Investment Management 3.62
Lombard Odier Investment Managers 2.77
Polar Capital 2.22


So far as the Company is aware, information above is based on notifications received as at 17 December 2018.

[blackpudding13] 24/4/2019 17:05

Great podcast one of the guys on lse posted well worth a listen https://www.defenceconnect.com.au/strike-air-combat/3725-podcast-creating-ai-technology-that-supports-human-operators-in-transport-vehicle-efficiency-patrick-nolan-and-alexander-robinson-seeing-machines

[zero the hero] 23/4/2019 22:19

Well only just seen the RNS and SEE raised 90% of the targeted figure, that's a fair result in light of where the share price has been in this period.

With the price around 3p it is a surprise how many supported the company, I was not one of them as I was bitten last time with a reduced volume. Bought more in the open market at 3.04 over a week ago.

[alchemy] 23/4/2019 09:01

Over 3 billion of these blighters! But they now have staying power.

[base7] 20/4/2019 17:48

My average is now under 4p & I would be thrilled with 25p & only hope that I am sensible enough to sell some shares when we start rising -which will hopefully be next week after the fund raise is confirmed ,new declarable holdings are announced & ,hopefully, more news of Auto contracts

[alchemy] 19/4/2019 15:30

That should be 3 billion into 800 million but the result magically not miles different.

[alchemy] 19/4/2019 15:28

Trying to scope an share price for say 2024 75 million pounds by 2024. Say 20 mill profit.PE a generous 40 .That's a marcap of 800800000000 over 3000000000Circa 25 p per share if the market looks forward a Year.That's kind of tops is it no?Umm Views input etc welcome . Even tyre kickers since we have at least 2.5 years of doing just that!

[skinny] 15/4/2019 13:53

Down again on high volume.....

[newtothisgame3] 10/4/2019 11:56

#SEE Seeing Machines @seeingmachines signs seventh OEM production program for FOVIO technology.

[global nomad] 10/4/2019 07:33

Well I guess that is the other positive RNS before the deadline for taking up the offer...a bit of encouragement to keep the share price up.

[alchemy] 10/4/2019 07:19

A small delta of positivity returns.. ?

[skinny] 10/4/2019 07:09

.

Seeing Machines (AIM: SEE, "Seeing Machines" or the "Group"), the advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety, has been appointed by Joyson Safety Systems (JSS) to provide its FOVIO driver monitoring technology for a US automotive OEM as it expands the rollout of their award-winning driving system across a number of additional vehicle models.

Mass production for the additional models is scheduled from 2020, and the expansion represents an initial estimated lifetime revenue of over A$7 million for Seeing Machines.

Seeing Machines now has seven OEM production programs spanning a broad range of car models across a total of six automotive OEMs globally, which are expected to deliver over A$150 million revenue largely in the 2021 to 2024 timeframe.

more.....

[base7] 09/4/2019 18:15

I will decide on Thursday .Still hppeful if another positive RNS by then to encourage take up of the placing to PIs etc -it is surely what Ken & Co hope for as they want the extra £6mill+.
More news due over next couple of months could still make 3p seem like a steal -as it did last time I bought at that level almost 2 years ago-prob being I forgot to sell when we reached 10p-expecting/hoping we were going all the way !

[rjcdc] 09/4/2019 16:35

I’ve participated.... only £3k though.

Have lowered my TP by end 2020 in accordance, I cannot see 15p being breached without fleet really pulling in the profit and without some good cash generating auto deals.

No debt and I reckon B/E by 2021... with forecasts changing accordingly mid next year....

Just going to let them sit and see how it looks August 2020.

[ali47fish] 09/4/2019 15:38

without a decent discount i am not participating in the offer!