Seeing Machines Share Discussion Threads

[tradermel] 01/9/2020 13:57

Read the latest news from SEYE, then re-read the last couple of RNS's from SEE. One company cares about the share price (even if its being lined up for a fundraise) and the other does not give a sh1t about the share price As a holder (still unwilling to sell) my problem is that our muppets have no intention of giving a sh1t until May next year when our wonderful CEO will want his freebies.

[base7] 01/9/2020 12:31

I am also struggling with the valuation currently attributed to SEYE ,relative to ourselves

[rjcdc] 01/9/2020 10:10

I’m struggling to keep up with all this news flow

[master rsi] 28/8/2020 10:25

WINS has joing the party at bid price 3.05p, so now is 2 MMs v 1

[skinny] 28/8/2020 09:49

A reminder from the 3rd August.



FY20 trading update

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, provides a trading update for the period ended 30 June 2020 ("FY2020").

Seeing Machines is ahead of consensus guidance for FY2020 in relation to its total income and revenue and significantly ahead in regard to its net cash position as the Company continues to successfully deliver driver monitoring system (DMS) technology across the Automotive, Fleet/Offroad and Aviation industries globally. This has been achieved despite the difficult COVID-19 backdrop.

Financial highlights for FY2020

· Total income for FY2020 is expected to be A$42.6m, representing a 30% increase on the previous period

· Revenue for FY2020 is expected to be $39.7m, approximately 8.5% ahead of consensus guidance (consensus: A$36.6m)

· Cash at 30 June 2020 was A$38.7m, up by 22% on consensus guidance (consensus: A$31.8m)

· Total connected Guardian units at 30 June 2020 was 23,415

Paul McGlone, CEO of Seeing Machines commented:

"We are pleased with our results given the unique challenges we faced in the second half of FY2020. Our business is focused on transport industries and it is clear that the sector has been under unprecedented pressure since COVID-19 emerged. Notwithstanding this, we have continued to make progress and that is a testament to the hard work of our team and has reaffirmed the importance of our mission which is to keep people safe and reduce transport related accidents.

"Guardian connections have increased in FY2020 by more than 46% despite the limitations posed by grounded transport companies and pressure on commercial fleets to work around the clock to deliver supplies across vast geographies. As global economies return to some semblance of normality, we expect connections to accelerate through our growing distribution network.

"In the Auto sector, Seeing Machines has much to look forward to in the coming months as we await the launch of two production vehicles featuring our DMS technology. The continued and reinforced regulatory momentum in Europe and North America is already having additional, positive impact across our Automotive and Fleet opportunities, and while the Aviation industry remains under more economic pressure than most, our ongoing negotiations remain intact."

The Company expects to publish its audited year end results in late October.

The financial information in this announcement is based on the unaudited management accounts for the year to 30 June 2020.

[skinny] 28/8/2020 09:47

All a bit academic, meanwhile and FWIW :- .

[master rsi] 28/8/2020 09:41

PEEL is the leading MM in this stock has gone to 3.05p bid,
so a narrow spread 3.05 v 3.10p and 1 v 1

09:35 PEEL 100,000 3.05

[master rsi] 28/8/2020 09:25

CNKS was at offer 3p and then at 3.05p ( edit)

3.05 100,000 CNKS 08:53

has move now to 3.15p
3.15 100,000 CNKS 09:23
---------------

We are moving with 2 at bid and 1 at offer spread 3 v 3.10p

[barrieb] 28/8/2020 09:10

CNKO nowhere near @ 2.8! so not sure what you mean?
PEEL on the bid @ 2.95.

[master rsi] 28/8/2020 09:05

We are on the races, 500K buy did the damage and then 100K, so 2 MMS on the move up and with that the share price, but earlier there was another over size buy of 233K.

PEEL and CNKS

08:52:59 3.00 500,000 15.00k

[barrieb] 27/8/2020 18:46

Master RSI - they were not on any other shares I checked so maybe they were all at an inhouse meeting (discussing tactics - see below)or had a system breakdown!

Did seem a bit strange when I realised they were not showing up so checked others.

Anyway I just cant understand how they make any money the way they are behaving as they were at 3.2 on the bid for ages a few days ago and now they are selling at 3 so cant make it out!

[master rsi] 27/8/2020 12:38

The MM is back to the market at 3p at 12:09 pm

3 100,000 CNKS 12:09

note: they did not explaing why they went OFF

[master rsi] 27/8/2020 09:32

The MM at 3p has gone...but where....... is another thing as is quoting "0" in size
price 3.00    size 0    Market Maker CNKS    time 09:11

A good size buy a bit earlier
09:01:13 2.959p 266,240 £7,878

[master rsi] 27/8/2020 08:44

Electric carmaker Xpeng improves pricing for expanded US IPO
Chinese electric vehicle maker Xpeng could raise approximately $1.5bn from its US initial public offering after raising the price of its shares to $15.

According to Bloomberg, the price was higher than initial guidance for a price of $11 to $13 per share that the company provided a week before.

Alibaba-backed Xpeng will sell 99.7m American Depository Shares against the 85m initially expected for an expected market valuation of roughly $10.8bn.

The Chinese electric carmaker Xpeng sells G3 sport-utility vehicles and P7 sedans with intelligent functions.

Led by chief executive He Xiaopeng, it makes cars in two factories in China aiming to become a strong rival to Tesla.

[theaviator] 26/8/2020 14:48

Started reading here again to catch up. Was in here a few years back and did well. Production all sorted?

[base7] 26/8/2020 12:37

Seems crazy that a ceo if a competing quoted company can imply that they are dominating the global market for DMS & that we ,specifically ,aren’t & their share price rides strongly & ours falls -based on his say so .Their value is almost 50% higher than ours ,despite their disappointing statement -apart from great optimism regarding their immediate future .I would hope that SEE will issue a formal complaint to The Regulator -assuming they have one in Sweden

[rjcdc] 26/8/2020 12:08

It is tedious... but also tempting to add below 3p. Sadly, until the numbers start to turn positive, or there is news of further wins, then trading the range might make sense.

Realistically, it should turn at 2.8/2.9 and slowly move north again.

It’s just boring

[davemac3] 26/8/2020 11:56

this is getting tedious

[skinny] 26/8/2020 11:41

Blimey - the cretinous down marker must sit on the thread with his/her finger on F5!

[skinny] 26/8/2020 11:40

Less than 3 on the offer again! 🙄

[base7] 26/8/2020 11:39

The acid test is deals signed ,revenue,profitability ,cash flow & hopefully the next few months ,at long last ,will provide us with a clear direction .SEYE must be running low on funds & will due another fundraise shortly ,I would imagine & he may we’ll be beating the drum in that respect

[shallwe] 26/8/2020 10:48

According to Viktor, SEYE have been market leaders for years.All I can say is, beware of the silent one.