Seeing Machines Share Discussion Threads

[seeing2020] 31/5/2020 19:39

25th June will be an exciting day for SEE shareholders as our tech launches in the best selling vehicle in the US.

hxxps://www.motortrend.com/news/2021-ford-f-150-debut/

[srpactive] 28/5/2020 08:30

Financial Times: Amazon is in advanced talks to acquire self-driving start-up Zoox.

Noticed the above on citywire today, very interesting I thought investing in
the technology.

dyor

active

[neilyb675] 26/5/2020 11:34

Buy 150000 SEE - SEEING MACHINES LD ORD NPV at a price of 2.69p

[srpactive] 26/5/2020 11:28

And it continues.

[srpactive] 26/5/2020 10:55

Full ask being paid by some decent sized buys, could
be about to start a run higher.

dyor

[srpactive] 26/5/2020 09:20

R

Yes a break through of 3p would be much appreciated by
all chartists, I would have thought.

dyor

active

[rjcdc] 26/5/2020 09:14

Am expecting a rise this week...

[thewheeliedealer] 25/5/2020 21:25

Hi all,

My mate Peter @Conkers3 and myself did a Twin Petes Investing Podcast a few days ago and part of our discussion covers SEE. We also talked in depth about the current situation in the Markets and how we reckon things could play out. Anyway, if you use Apple or Audioboom you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 23) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[seeing2020] 21/5/2020 18:56

Watch this at exactly 5 mins in the "with support section" alongside Ford and others a certain Seeing Machines gets a credit.

[lewbo18] 21/5/2020 16:51

Capex is of course a concern.Paul mentioned that whilst civil aviation is hit bad, what we are working on is proceeding.He also mentioned military, where i assumed was a bit player compared to civil but its bigger. Aviation may surprise us. He's been hammered and rightly so for the imminent slip.Ive a feeling we may have something sooner than later. Tried to keep the timescale in months so i dont get hammered by saying soon!!!

[unionhall] 21/5/2020 10:27

Hi Lewbo18

Yes Cencos says A$9m for Fy2020.

But H1 was only 2.7m and in the current circumstances I don't see why H2 would be any higher.

Time will tell....

[amt] 21/5/2020 07:30

Yes not surprisingly rather dissapointing except there is still much hope for aviation. The trouble is capex freezes will probably come into play so that could delay things before a recovery in markets occurs which could be a year or several years, who knows.

[lewbo18] 21/5/2020 07:30

Cenkos base for FY 2020 is A$9m. (excluding the A$8m up front payment).So if you use 9 as a base its a decent jump each year.According to the RNS SOP dates there may be 4 cars out this Cal year. My guess is Merc, FCA, GM and Ford. Also Byton maybe as well.

[ianguerin] 21/5/2020 07:13

Not the most free-flowing of interviews, but with truckers working up to their eyeballs it's not surprising that installations can't take place as originally planned

[unionhall] 20/5/2020 23:09

Hi kreature,

re your recent question - now we know some more about fleet - the cash driver -

Significant decrease in installs in March and April, increase in the first week in May.

There will be some year on year increase but not what they were hoping for.


Still no new Automotive or aviation deals though they still seem to be going through the processes.

They are cutting deep to try and eke out the cash is my read.

Whether it works or not is probably not in their hands at the moment.

Depends on rate of recovery of fleet installs and rate of arrival of Automotive and aviation contracts.

He says Automotive revenue is to double annually from FY2020 but doesn't state from what base - just a "low Base".

Could be 2, 4, 8, 16, 32, 64

or 10, 20, 40, 80, 160, 320

or anything in between in any currency.


I, being of a conservative nature, am not overly hopeful. But as always just my take.

[unionhall] 20/5/2020 22:54

hxxps://www.proactiveinvestors.co.uk/companies/news/920047/seeing-machines-ltd--refocused-on-fastest-route-to-profitability--920047.html


Proactive interview....

[amt] 20/5/2020 07:39

I assumed 75% gross margin on the 200m order book and the order book doesn't include any haulage or mining which I have assumed will continue to grow

[amt] 20/5/2020 07:36

I made a couple of blunders with my back of envelope calculation. The cost savings are just starting not for full year so here is my update
Overheads reduced from about 60m to 48m but say 53m this year.
Gross profit at least 12m
Add on license deal recently announced 7m
Perhaps some growth 1m
Annualised cash burn 53m less 20m
Say 33m leaving cash of 15m at Dec 2020.
In 2021 perhaps some of the 200m (150 GP) current order book coming through say 20m GP. so cash burn of 8m, say 10m leaves 5m cash.
2022 say 30m of the 150m coming through gives nil cash burn
2023 / 2024 say cash generation of 100m
Looks a close run thing but there is a good chance of some more deals coming though plus growth of exiting haulage and mining business.
Very very approx calculations. Would be interested to see what others think.

[semaj2000] 19/5/2020 14:45

Seeing Machines preserves balance sheet strength with A$12m cost savings -

[srpactive] 19/5/2020 14:19

t

Thank you good information.

active

[tradermel] 19/5/2020 13:58

Australian Takeover laws to help with research

[drsandwich] 19/5/2020 12:06

I read this as $12m is the number they expect to need to save to see them through to self sustaining. Good that the ceo is taking a pay cut - it would be a wise move if more of the company did too, simply because they are still loss making, and it looks like they would not be eligible for the government’s job keeper grants...if that makes a difference. I Probably would buy more, but alas I rode this down the slippery slide - got a few more at 1.8, but no more free cash for it. I think it is prudent to factor in that there will not be an imminent aviation deal, but would be v happy to see any more auto deals come through.

[srpactive] 19/5/2020 11:57

V

Yes I have been buying for a little while now around the 2p up level,
this along with the new chap coming in will lead to a lower
cost base company going forward as stated today, but I feel a
possible increase in holding from LO.

dyor

[volsung] 19/5/2020 09:04

Well I bought so there