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SEE Seeing Machines Limited

4.92
-0.09 (-1.80%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Seeing Machines Limited LSE:SEE London Ordinary Share AU0000XINAJ0 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.09 -1.80% 4.92 4.90 4.92 5.00 4.92 4.98 6,109,499 16:07:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 57.77M -15.55M -0.0037 -13.30 204.48M
Seeing Machines Limited is listed in the Computer Related Svcs sector of the London Stock Exchange with ticker SEE. The last closing price for Seeing Machines was 5.01p. Over the last year, Seeing Machines shares have traded in a share price range of 4.805p to 6.30p.

Seeing Machines currently has 4,156,019,000 shares in issue. The market capitalisation of Seeing Machines is £204.48 million. Seeing Machines has a price to earnings ratio (PE ratio) of -13.30.

Seeing Machines Share Discussion Threads

Showing 16976 to 16996 of 21800 messages
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DateSubjectAuthorDiscuss
25/9/2019
08:39
More news expected & momentum should start building,particularly when the penny drops that Fleet is fixed ,PMs forecasts are conservative & likely to be exceeded,no capital raise in the 3 year plan,expected licensing deal/deals will consolidate our financial position,reduction in R & D spend later this year & reduced manufacturing costs from second half of FY 20,possibility of licensing our IP outside of of our core transport sectors.For the first time in years all seems pretty positive & no reason for our share price not to recover & strengthen.Many of us have been invested for several years & have experienced several false dawns but for recent & new investors may have arrived at the right time,whereas many of us were far too early.
At least I am now in profit - if our price holds at these levels.

base7
25/9/2019
08:30
Sp entering key territory... needs to shoot through 4.5 and then 5.5p to start the journey proper....

This is where SEE need to be ready to follow up with some more news.... #momentum.

rjcdc
24/9/2019
17:45
I consider myself fortunate to be currently at breakeven & I too increased my holding substantially at around 3p,without subscribing to the latest offer.I have increased again at under 4p as I consider that Paul has the bit between his teeth.Expected newsflow should be very positive & a further update with the AGM will hopefully confirm the positive trend.Pauls declaration today of no placing planned & a large licensing deal in the process of being thrashed out ,together additional contract news will hopefully restore confidence in all investors & ,as we have seen today, some previpous investors have bought back in , or for the first time & when the penny drops that we are no longer a very high risk blue sky tech company but a tech company dominating its sector ,with margins set to increase & break even a year or 2 away-our share price should start to move forward.After all these years I do not want a low ball bid at 12p !!
base7
24/9/2019
17:01
Zero - been there fella. that very scenario cost me thousands a few years back. Hindsight is a wonderful thing. It is part and parcel of trading and investing. You can but learn from your mistakes in this game

I believe there's proper mileage now in SEE as PM executes and EU-NCAP DMS becomes mandatory..DMS adoption will accelerate in the next 18 months and SEE will become a target, of that I am sure

mirabeau
24/9/2019
16:53
I bought a shed load more at 3.04 but not in the OO which brought my average well down. I will never forgive myself for having the sell accepted at 11.7 and not pressing execute due to my sheer and utter greed. Never again!
zero the hero
24/9/2019
15:18
I just added a few more too.... not a lot but enough to get the average below 5p....(ditto on the timing... those pesky buys at 12p undid everything!!)
rjcdc
24/9/2019
12:05
Well Mobileye was valued at 100 times See when it got taken over so plenty of scope for a re-rating. I bought back in this morning. Need 6p just to break even as my timing has been terrible.
amt
24/9/2019
11:15
A bit of interest today.


free stock charts from uk.advfn.com

skinny
24/9/2019
10:54
Time to re-rate SEE 2.0
Posted on 24th September 2019
Seeing Machines’ (AIM: SEE) full year results indicated strongly that the issues that affected its fleet division are fixed and I expect news flow over the next few months to drive a significant re-rating.

In a note issued yesterday, house broker Cenkos upgraded its price target to 12p. Analyst John-Marc Bunce explained: ‘We believe the turnaround in fleet will drive the company to profitability in under 2 years with the cash runway looking sufficient even before accounting for licensing deals or financing against recurring revenues.”

This was reiterated in a webcast from CEO Paul McGlone today in which he assured investors: “Fleet is fixed and starting to perform”. He added that there were no plans for a dilutive equity fundraise in his 3-year plan. Moreover, an aviation licence deal (expected to happen before year end) would effectively mean the company is funded to profitability.

Fortunately, the new CEO seems to have pressed the reset button and confirmed that over the past 6 months he has made significant changes: “The business is now focused on profitable revenue, we don’t chase strategic business.”

Cenkos has pencilled in a conservative (how I dislike that word) A$47.5m revenue figure for the full year to June 2020, with a pre-tax loss of A$35.9m. Thereafter losses fall in 2021 to A$10.6m and SEE reaches profitability in 2022 (A$47.5m).

I think these estimates will be revised over the course of the coming year, bringing forward breakeven by at least a year.

After so many years of disappointment and failure to deliver against financial targets I think this will be a transformational year for Seeing Machines. It will hinge on these 3 things happening:

Acceleration in the installation of Guardian in fleets and cheaper units produced in H2.
More auto OEM contract wins.
Aviation licence deal by the year end.


Positives

Fortunately, signs look good for all three.

Fleet growth should accelerate further this year as Cenkos confirms: “We believe the guidance for 27k-30k connections at the end of FY2020 is conservative and underpinned by a strong pipeline.” Moreover, the unit costs of Guardian are due to come down significantly from the the second half of this financial year, driving more profit. In addition, McGlone today revealed that SEE is expecting solid growth in the US market.
I’m expecting two existing US customers to extend their existing contracts and Seeing Machines to win two more OEMs in Europe very soon. This is aside from continued progress in Asia over the course of this financial year.
We now know (after the webcast) that Aviation licence deals are coming soon. That will improve the bottom line without involving significant risks and costs.
Lest we forget, there is also a bigger game afoot, as Bunce pointed out in his note:

“… one could argue that Seeing Machines has greater strategic value than Mobileye has as we highlight the ever-increasing importance for reliable face, eye and emotion tracking in the real world for many applications beyond automotive and transportation; from retail, medical, personal robots and personal computing devices. This value would be seen not just but major chip and software platform providers like Intel, but also the world’s tech giants.”

I’d advise all investors to do their own research and the above is my opinion only.

The writer holds stock in Seeing Machines.

Posted in Investing, Small caps, Technology | Tagged (AIM: SEE), Intel, Mobileye, Paul McGlone, Seeing Machines | Leave a reply

mirabeau
24/9/2019
09:44
As long as it isn't/wasn't Thomas Cook!
skinny
24/9/2019
09:31
It will be interesting to see if any IIs may be tempted by our very positive outlook.One licensing deal with a global Aviation company (which PM expects before the year end)could be truly transformational & there is the possibility of multiple licensing deals.
base7
24/9/2019
09:17
With regards RFQs being currently 3 live, I think that's as it was in April we were active in 5 RFQs, and have since won 2. The addition 8 RFQs obviously haven't got going yet.

From April results.
Seeing Machines is currently engaged in five submitted proposals with OEM sourcing decisions on the majority of these programs anticipated before the end of FY2019. The Group expects to be active in an additional eight market RFQs to be issued within the second half of the financial year.

poombear
24/9/2019
09:05
Very positive interview with PM on Proactive & well worth 25 mins of an investors life.Margins improving,licensing deals expected to come to fruition ( particularly in Aviation),no Capital raise in the 3 year plan (& should funds be required it would be relatively small amounts which would be funded out of debt),FY20 forecasts achievable & exclude any prospective revenue from licensing deals ,3 RFQs outstanding ( I thought there were more)but very positive on Auto prospects,R & D costs will start to reduce later this year as the commercialisation stage develops further.
I cant see why our share price should not firm up following the Results & todays presentation & the lack of future placings may encourage investors to buy.Not sure we will hit 6p by the month end but hopefully,encouraged by more positive news, our share price will steadily recover & if the licensing deals do start to flow (as expected by PM) our share price will move forward strongly as we will then be totally financially independent ( per PM)

base7
24/9/2019
09:00
I guess no further dilution is good news.... only 3 RFQs currently (2 new, 1 expansion), aviation news by end year (material impact), fleet v important, bringing costs down....

Nothing amazing but good foundation....

rjcdc
24/9/2019
08:06
I think my target of 6p by end Sep is looking doubtful.... no volume.

It’s positive there hasn’t been a sell off and, despite the lack of new news, there is now a very solid foundation and an obvious (slow) path to growth.

I guess you have to forget the past and assess whether you would now invest in this company today, based on fundamentals and prospects. The answer would still be an overwhelming yes... but the company has to leave the minnows behind quickly.

Good research note yesterday and here’s hoping additional confidence will be given during the webcast later.

Onwards. 20p by Xmas.....😉

rjcdc
23/9/2019
16:40
base7 …. heard it all before and yet here we are still at 4p with yet another RNS failing to deliver. I still hold because of the prospects, but the missed dates are getting tiresome. .
zero the hero
23/9/2019
12:53
SEE references in today's article from AutosensToday 13:52



6 Trends on ‘Perception’ for ADAS/AV

By Junko Yoshida,
09.23.19

excerpt -

'Meanwhile, On Semi stressed that driver and occupant monitoring applications require “the ability to capture images in variable lighting from direct sunlight to pitch black conditions.” It claimed that with its good NIR response, “the RGB-IR CMOS image sensor technology provides full HD 1080p output using a 3.0 µm backside illuminated (BSI) and three-exposure HDR.” Sensitive to both RGB and IR light, the sensors can capture color images in daylight and monochrome IR images with NIR illumination.

Going beyond driver monitoring system (DMS)

Alaoui boasted that Eyeris’ AI software can perform complex body and facial analytics, passenger activity monitoring and object detection. Beyond driver monitoring, “We look at everything inside a car, including surfaces [of seats] and steering wheels,” he added, stressing that the startup has gone above and beyond what Seeing Machines already accomplished.

Laurent Emmerich, director, European customer solutions at Seeing Machines, however, begged to differ. “Going beyond monitoring a driver and covering more inside a vehicle is a natural evolution,” he said. “We, too, are on track.”

Compared to startups, Seeing Machines’ edge lies in “our solid foundation in computer vision with AI expertise built over the last 20 years,” he added. Currently, the company’s driver monitoring system is adopted by “six carmakers and designed into nine programs.”

Further, Seeing Machines noted that it has also developed its own hardware — Fovio driver monitoring chip. Asked if the chip can also serve future in-vehicle monitoring systems, Emmerich explained that the IP of its chip will be applied to a configurable hardware platform.'

cont.......

mirabeau
23/9/2019
12:41
Most posters have held for years & are clearly disappointed by our disappointing share price performance ,particularly after the Fleet disaster last year.My view,however, is that we are now at an inflection point & if we continue to sign Auto deals,Fleet continues expanding within our new (lower cost)business plan & we can sign a few licensing deals,our outlook could improve dramatically over the coming months.Cenkos are positive & optimistic about our prospects & there must be a reasonable chance that our share price will soon embark upon the long road to recovery,especially if we can achieve our plans without the need for another fundraise-which in itself should increase the value of our shares.Having persevered for years I have no intention of giving up any of my shares now to buyers who have a better chance of multi bagging now than we have since we first invested.
base7
23/9/2019
12:14
This much awaited RNS has turned the month into yet another layer of Jam tomorrow. September was talked about as the month we could look forward to but again I am unimpressed with the RNS writers for another uninspiring "grey" RNS. We cannot blame Ken this time.

Meanwhile the Aviation news does not break, and the longest "short" story is still being conceived by the CEO!

I have no doubt about the long term multiples, but the short term (how many years since I first bought in?) is drab and frustrating. I may be in a modest profit at these levels but holding these is a major test of patience.

zero the hero
23/9/2019
12:04
Seeing2020 Premium Member

Posts: 4,599

Price: 4.125

Strong Buy

Greater strategic value than MobileyeToday 11:52

Read this slowly a few times, this isnt my speculation this is an extract from today's (my change) Cenkos note

"Further supporting our target price, we note a few final points. Firstly, the perceived risk and
hence cost of capital for Seeing Machines will decrease steadily as the market gets increasingly
comfortable with the company’s plan to reach profitability without further dilutive equity fund
raises. This will increase the perceived Net Present Value of the future Automotive cash flows
from the market share position won in automotive DMS. This future value was also seen in Mobileye which traded on significant forward multiples as the market factored in the expected
long-term cash flows expected from its selection as the core technology provider for forward
based camera solutions by more than half of the OEMs. The further jump in value when acquired
by Intel was supported by both a cost of capital arbitrage opportunity on the future cash flows
but also the strategic value to Intel of a dominant technology platform in the automotive
industry.

On this last point, we note that one could argue that Seeing Machines has greater strategic value
than Mobileye has as we highlight the ever-increasing importance for reliable face, eye and
emotion tracking in the real world for many applications beyond automotive and
transportation; from retail, medical, personal robots and personal computing devices. This value would be seen not just but major chip and software platform providers like Intel, but also the
world’s tech giants."

mirabeau
23/9/2019
10:30
Come on sellers, the institutions want to pay your shares for cheap...
338
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