Seeing Machines Share Discussion Threads

[brucie5] 01/8/2019 12:17

Bought in at 4.5 this morning. Expect it to tank now. ;)

[mirabeau] 01/8/2019 11:32

'not about to tap the market again'? They've just done that. The real risk is execution. I believe McGlone is a ball-breaker and he won't accept shoddy practices. He seems laser focused. Indeed those who've just supported the recent placing won't accept more failure either. They now want a return on their investment. I believe they'll sell the company when they've secured a considerable portion of their targeted markets though they need see price appreciation first to prevent a low ball bid

Those blue-chip contracted revenues are deliciously tempting for any bidder

[hazl] 01/8/2019 11:28

9P I was hoping for more than that.......

[kreature] 01/8/2019 11:27

I struggle to see any near term downside here. Assuming they are not about to tap the market again? Hence bought a few more. Any negative views out there ?

[base7] 01/8/2019 10:54

I prefer steady progress supported by positive contract news & I would have thought we will all be delighted if our share price is approaching 10p by the time of the Results RNS ,which will hopefully continue the very positive theme following what should be some additional contract wins.

[rjcdc] 01/8/2019 10:47

TP of 9p, how funny.... I expect that to be raised substantially after the full results and updated forecasts in Sep...

Equally, I wouldn’t be surprised if we saw 5p breached this week, or early next.

Buyers moving in

[juju44] 01/8/2019 10:33

Good report today . Maybe at last .....

[shallwe] 01/8/2019 10:32

"Comment: Today's trading update is positive and underscores a few critical areas for Seeing Machines following the challenges in the retrofit Guardian Fleet business lastyear. The group is back on track with it exceeding expectations for the first time since we initiated coverage in March 2018. Furthermore, the visible high-quality recurring revenues in both Fleet and Mining already exceed our expectations for FY20 and, with further improvements in direct costs, hardware costs, as well as efficiencies in monitoring services, it looks like the fleet division will deliver a contribution notably ahead of our current expectations. The announcement notes that the Seeing Machines management believes the current value of those contracted revenues alone underpin the existing market valuation of Seeing Machines, and we do not disagree, noting that in our initiation report we ascribed as much value to the fleet business as the automotive business. We highlight that currently around 70% of our 9p valuation is supported by the Automotive division. Further to the turnaround in Fleet, CEO Paul McGlone is now looking to leverage the company's IP across all transport sectors, including in the aviation sector. Any license and royalty deals the company signs are likely to add significant value with, for example, aviation only accounting for just over 1% of our current valuation. With a management team in place to deliver on existing and potential programmes across its transport sectors, and as momentum for driver monitoring and enhanced safety continues to step up around the world, we believe Seeing Machines is well positioned to deliver significant outperformance for investors over many years and reiterate our Buy recommendation and current price target of 9p."

[lfc4ever] 01/8/2019 10:23

does anyone have access to the CENKOS note?

[global nomad] 01/8/2019 08:58

its taken its time, but after a number of years here it all seems to be falling into place.

[base7] 01/8/2019 08:53

Very positive update & we know that more contract news is expected very soon.The ramping up of our SaaS revenues & substantial data underlines our value & it is not for us to argue that our current value covers Fleet & Off Road with everything else in for zero.There remains scope for a major cash generating licencing deal apart from increasing trade revenues & if in 18 months it looks like we will need more funding , it should be at a proportionately lower level & our contracted & projected Auto revenues could then be A$400-500mill-so bank borrowing then should be easily achieved.
there also remains scope for a truly strategic investor to take a holding in return for new shares but ,were that to happen, I would hope they would be able to help us to scale up to meet the growing global demand for our products.
Still a great entry point for new investors & for we lifers we have to decide whether to buy more based on our being more de risked today than we were 4 weeks ago ,when we could have bought at 3p

[hazl] 01/8/2019 07:53

great minds think alike perhaps....

[dplewis1] 01/8/2019 07:44

We seem to be in a lot of the same co's at the moment! This is a relatively new one for me (bought early July) but it's turning into a favourite already..

[hazl] 01/8/2019 07:41

'Revenue for SaaS (software as a service), the monthly monitoring fee from the Company's fleet solution, Guardian, increased by over 89% to A$5.7 million during the period and, coupled with contracted recurring royalty payments in mining, represents annualised recurring revenue of more than A$12 million as at 30 June 2019.
Following a number of further OEM contract wins during the period, the total projected value of contracted revenue for the Automotive business is now in the range of A$170 million to A$200 million, up from A$110 million at the end of FY2018, with the majority of this expected to be recognised in the 2021-2024 period based on projected....'

Undervalued or what!...
imo

[rjcdc] 01/8/2019 07:29

Amt - yes, cash burn 36-40m.... i’d Expect a further 5-10m of additional revenue from fleet so maybe $30m for next year.. maybe squeeze out two years if careful...

Imagine the loan facility one could get with $15m+ recurring revenue from fleet....

I don’t expect any further fundraise from issuing shares from here.

And bear in mind that these numbers don’t include any future announcements or increases in fleet - the forecasts in the full report should be interesting...

[harriiiiddda] 01/8/2019 07:21

Good progress but still not showing in actual revenue need to continue to be vigilant around cash burn

[amt] 01/8/2019 07:18

Cash burn I make at about 40m aus per year. So 18 months left. The automotive revenues kick in during 2021 so they still have at least 18 months to go before those revenues kick in. So they need to cut back on cash spend and significantly grow revenue in the short term.

[skinny] 01/8/2019 07:07

FY2019 Financial Highlights:

-- Revenues for FY2019 are expected to be A$31.8 million, slightly ahead of FY2018 (A$30.7) and the Board expectations as outlined on 20 March 2019.

-- Revenue for SaaS (software as a service), the monthly monitoring fee from the Company's fleet solution, Guardian, increased by over 89% to A$5.7 million during the period and, coupled with contracted recurring royalty payments in mining, represents annualised recurring revenue of more than A$12 million as at 30 June 2019.

-- Following a number of further OEM contract wins during the period, the total projected value of contracted revenue for the Automotive business is now in the range of A$170 million to A$200 million, up from A$110 million at the end of FY2018, with the majority of this expected to be recognised in the 2021-2024 period based on projected lifetime OEM volumes.

-- Successful A$58.1 million (GBP31.57 million) fundraise completed in April 2019 to continue investment into the Company's driver monitoring platform which will underpin successful execution on existing awarded programs as well as accelerate the development of its technology to maintain a leadership position on future, global opportunities.

-- Cash position at 30 June 2019 was A$64.3 million.

[rjcdc] 01/8/2019 07:06

So, mgt think the share price should be double figures then....

[rjcdc] 01/8/2019 07:05

Management believe the current value of those contracted revenues alone underpin the existing market valuation of Seeing Machines, before appreciating the self-evident value of the considerable and growing order book in our Automotive division.

[dplewis1] 01/8/2019 07:05

Trading update. Ahead of expectations..words I like to SEE..!

[kreature] 01/8/2019 00:58

Oh well. Even I have a few shares here, though that interview makes me a bit nervous. No need for it imo. The NatEx RNS was good enough. I guess they know what they’re doing though

[bauchsapt] 31/7/2019 23:31

Kreature he may not be able to buy shares if there is price sensitive info in the pipeline and also what has been released. For example the expansion of German OEM means share price goes up and also now this NE contract. He has also mentioned that aviation news is imminent and KK also mentioned in the January interview that aviation within the next 6 months will release some news. So all the ducks are lining up. He is probably locked out atm imo.

[baggariddim] 31/7/2019 20:42

Agree on all points.

[kreature] 31/7/2019 19:46

No you look. When are you going to buy some shares ? You say it's undervalued. So where are your shares ? Sorry but I find these interviews so annoying. I suppose you may say the same about my posts though