Seeing Machines Share Discussion Threads

[hazl] 11/8/2021 09:10

It's just got going and is at the most recognised in it's history.


Exciting times ahead!

[blackpudding13] 11/8/2021 08:44

Historically 40% but we are actively working on 50% of the 900m RFQs at the moment? We will be choosing which ones to invest in next year, it seems that the tables have turned as the oem want us with 16 tier ones engaged. If you know, you know it seems as the share price should be much bigger today based on that and again our broker target price should be much bigger based on that

[amt] 11/8/2021 08:25

Historically they get 40% of the RFQs
It was double by the way in 2022 so 2 billion.

[blackpudding13] 11/8/2021 07:38

A low ball bid of 15-20p would be laughed at. Paul's closing words on the recent interview were something like 1 bn in RFQs this year with the same again expected next year, with a 90% margin,now what's the value of that?Why our broker doesn't start putting in realistic target prices instead of heavily discounted ones I have no clue and don't know why they are still our broker.

[skinny] 11/8/2021 07:02

.

Bipartisan Senate legislation includes lifesaving automotive technology provisions

New agreement would require Driver Monitoring Systems to stop distracted and drunk driving

Canberra, Australia - Today the U.S. Senate passed a bipartisan infrastructure agreement which contains key provisions to improve automotive safety. Specifically, the legislation includes the SAFE Act, introduced by Senators Markey, Blumenthal, and Klobuchar, which would require Driver Monitoring Systems (DMS) to detect distracted driving.

In addition, the legislation includes the RIDE Act, which was sponsored by Senators Rick Scott and Ben Ray Lujan which would require new cars to use advanced drunk driving technology to stop impaired driving.

"DMS is on the road today in systems like General Motor's Super Cruise(TM) and can tell whether the driver is engaged in the driving task or is distracted," said Seeing Machines CEO Paul McGlone. "If the driver is distracted, driver monitoring systems have the ability to warn the driver and save lives."

The safety provisions would require the National Highway Traffic Administration (NHTSA) to carefully research DMS systems and begin the rulemaking process to regulate this technology.

This legislation comes at a critical time in the United States. Early estimates from NHTSA point to a 9% increase in traffic deaths in 2020. In 2019, 3,142 people were killed due to distracted driving, 10,142 people died by alcohol impaired driving, and 697 people were killed by drowsy driving. DMS has the potential to reduce or eliminate all of these crashes.

"Seeing Machines is pleased to see this progress on automotive safety," said McGlone. "We look forward to continuing to work with the U.S. Congress and NHTSA to ensure these technologies are available to all drivers and save the maximum number of lives."

[redchef] 10/8/2021 18:54

But who would be the buyer. Presumably not a car manufacturer because the competition would not appreciate being in their lap.

[lfc4ever] 10/8/2021 16:29

I have a horrible fear that if they do not get some contract wins over the line ASAP there will be another pullback and then a low-ball bit about 15-20p.Come on you manufacturers- sign on the dotted line!

[w13ken] 10/8/2021 14:41

Motley Fool Tip:
"Another technology business I would buy for my portfolio of penny stocks is Seeing Machines. This Aim-listed provider of advanced computer vision technology reported an 18% increase in revenues for its 2021 financial year.

It has plenty of money to fund further product development with $48m of cash on its balance sheet at the end of June.

I like this company because it has a long runway for growth in front of it. Revenues totalled just $47m last year, but it has $900m of revenue potential in the pipeline. This could signify a “step change” in growth."

[rjcdc] 10/8/2021 13:52

I can certainly see a take out value of between $3-5bn, which is not far off £1 a share.

Seems miles away which is why the share price needs to leave this level behind which I think it will when they announce a good contract win. I expect that to happen in the next month.

Follow that with another and adjust the forecasts and profitability accordingly, I don’t see why this shouldn’t be a $bn company by year end.

[nimbo1] 10/8/2021 11:55

if they are on course to make 100 mil profit the market will value it at 50x earnings for something this interesting...

I've followed see for years and never got it right - perhaps this is their time and my chance to make some money with this co.

[amt] 10/8/2021 11:41

So if they get 40% of the 2 billion Aus that's 800m or £400m
If most of that is profit then looks like we are talking about 100m plus profit per annum so a billion plus valuation is not unrealistic in 2 years.

[aconceptisabrick] 10/8/2021 10:36

Most bullish CEO interview that I can ever remember seeing! As a consequence topped up to just over 1m shares. Some of the share price speculation on this board I find to be totally ridiculous, but can certainly see the share price doubling within 6 months unless we (again) suffer an extended period of nil company news.

[base7] 10/8/2021 09:45

Griffiths is a very shrewd investor & clearly likes what he sees in respect of our massive potential & I would be surprised if his buying has stopped .

[gutterhead] 10/8/2021 08:44

I mean, he is happy to invest in what looks like a frothy mkt cap....he sees value

[juju44] 10/8/2021 08:32

You mean its not enough

[gutterhead] 10/8/2021 08:05

He obv thinks plus £400m mkt cap is ok

[hazl] 10/8/2021 07:51

Looking good.
Richard Griffiths buys.

[amt] 10/8/2021 07:24

He mentioned auto revenue is virtually all profit. Does that mean the billion Aus dollar RFQ doubling to 2 billion RFQ in a year so is all profit?

[techno20] 09/8/2021 16:55

Topped up again earlier. This is the most exciting stock I have owned in 30+ years of investing. The potential is enormous from so many quarters. I’m hoping it doesn’t get taken out until the promise is materialising. Not convinced that’ll be the case based on the latest from safestocks…

hxxps://www.safestocks.co.uk/

[lfc4ever] 09/8/2021 11:04

Wow. Very positive indeed. Unusual for someone to be that clearly optimistic.

[w13ken] 09/8/2021 09:23

Nice one Techno20 :-)

[techno20] 09/8/2021 08:44

Watch the new Proactive VT - it’s been a long long wait but this is about to explode! CAGR of over 100% pa to 2025!