Seeing Machines Share Discussion Threads

[kramar] 26/7/2023 13:20

Consensus revenue estimates decrease by 11%
The consensus outlook for fiscal year 2023 has been updated.

According to simply wall st :-
2023 revenue forecast fell from US$61.3m to US$54.7m.
EPS estimate unchanged from -US$0.0052 per share at last update.
Electronic industry in the United Kingdom expected to see average net income growth of 13% next year.
Consensus price target broadly unchanged at UK£0.15.
Share price fell 3.2% to UK£0.051 over the past week.

[nvhltd] 26/7/2023 11:23

For me the problem is the statements that come from the company regarding RFQ'S. It's not unreasonable for investors to get some insight into the 12 RFQ'S and the outcome or delays.

If a CEO is happy to share information regarding the number of RFQ'S and the expected time to close in order to portray a sense of positivity and market share expectation then I think we should be given updates and explanations why they aren't delivering.

It's been more that year since we won a new OEM contract.

Seeing Machines to date has been a very frustrating company to be invested in. The share price continues to stagnant around the current level while the BoD extends the share option deadlines for the CEO.

[amt] 22/7/2023 05:54

I expect we will see a lot of uptake in the run up to 2026 so perhaps news coming through in 2024 onwards.
Patience required.

[amt] 22/7/2023 05:44

I wouldn't worry too much. Take a look at this article. The only effective ones ie the top two are from Seeing Machines.
There doesn't seem to be anyone competing at the level required. Maybe others will catch up eventually but in the meantime it's looking good for us

[horsepower] 20/7/2023 08:20

So why the director buys? Patience is a virtue...

[nvhltd] 20/7/2023 08:09

I received a response from Sophie. All she would say is that there will be a trading update on August 22nd and that they don't control or sit on OEM contract news which confirms that they have nothing to say with respect to the outcomes from the 12 RFQ's which is very worrying given the time these RFQ's have been in play and the fact we haven't won a new oem contract in over 12 months.

Things don't add up here.

[amt] 20/7/2023 07:35

Might be they aren't too bothered about the share price at the moment or might
be they are keeping a low profile for confidentiality or commercial reasons. There is plenty of cash.
It just takes time. We got the aviation agreement eventually but it made no difference to the share price.
Maybe they have concluded its best to just get on with things.
I do share your frustration.
It's giving an opportunity to buy at low price and we have seen a lot of Director purchases.

[stuart4u] 19/7/2023 19:16

Looking at the values it's irrelevant really.

[stuart4u] 19/7/2023 19:14

Yeah irrelevant really, just a headline grabber. Values moved up from £1100 to £1700.

[horsepower] 19/7/2023 13:59

Agree - the reassuring things are the director buys. They know after all...

[nvhltd] 19/7/2023 13:18

While I'm still a believer in Seeing Machines and the potential market size / opportunities I can't help but feel frustrated with the lack of contract news given the RFQ's, regulatory deadlines, collaborations, market lead in some sectors and statements from the company. We're supposed to be in the second $billion phase of market opportunity, but we only won circa $350 million from the first $billion.

Either the OEM's aren't worried about the regulations (they know they will be delayed), there are other options to meet the regulations that we aren't aware of, the Seeing Machines product isn't as good as we believe, the Seeing Machines product is too good / expensive for most OEM's or the Magna mirror option will be a backstop option and sweep the board - eventually!

I just find it frustrating that we have been told about RFQ'S for literally years and when they expect decisions, but in the main nothing get delivered.

There's no way anyone can be happy with just 1 new OEM win in more than 12 months given what we have been told?

[base7] 19/7/2023 12:26

I sent a similar although less hard hitting email to Soph a few weeks ago & did not receive a response.

[nvhltd] 19/7/2023 09:23

Sent today.

Hi Sophie,

As a longterm investor in Seeing Machines I am growing increasingly frustrated by the disconnect between the upbeat statements Paul makes and the reality on the ground.

On the 28th November 2022 Paul mentioned in a Proactive video interview that the RFQ's for automotive had increased from 6 to 12.

Apart from the "additional " OEM program announcement on December 22nd 2022 the last 'new' OEM order was announced 16th June 2022 - more than a year ago!

Something is not right when so many RFQ's are announced, but appear to deliver little or no positive outcomes. Meanwhile our competitors seem to be announcing new business.

We know that OEM's seem to be forever increasing their shopping list of desired features, but the delays announcing new contracts from the open 12 RFQ's seem to be at odds with the deadlines set for mandatory DMS installation in current and new vehicles particularly given the time it takes from contracts being awarded and the engineering requirements to incorporate a DMS into a new vehicle.

Seeing Machines have announced several collaboration agreements over the past 12 months and indeed several years, but despite the calibre of each of those partners investors never see or hear of anything tangible that results from those agreements. Indeed despite the global presence, size and market domination of our collaboration partners together with Seeing Machines size in the DMS space our competitors seem to be competing rather well without such high value partners. Given the hype around the market size, the regulatory deadlines, Seeing Machines size and status within the DMS OEM's and our partnership agreements I am surprised and a little concerned that our market penetration forecasts are so low?

Are you able to provide any positive information about the outstanding 12 RFQ's or when Guardian 3 will be released?

Regards,

[horsepower] 18/7/2023 19:05

Spreadex 100% long

[stuart4u] 18/7/2023 18:55

You'll need to post details (sources) . Or else people will just think you're a muppet. IG 99% peeps are long

[vikb] 18/7/2023 14:18

Does anyone know why the short interest has trended up in the last month and a bit?

Edit: Nvm, I had stumbled on this hxxps://www.defenseworld.net/2023/07/18/short-interest-in-seeing-machines-limited-otcmktsseemf-expands-by-52-2.html but missed that it was referring to increased short interest in the OTCMKTS version of SEE. Borrow fees for SEE have barely moved on IBKR in the last month, staying around 20%.

[ali47fish] 18/7/2023 09:50

martin ives adds 150000

[base7] 04/7/2023 10:58

Hard to fault SEE2020s perspective & the forthcoming trading update will hopefully give cause for optimism regarding our substantial prospects.

[jmoexpress] 03/7/2023 20:32

Yeah - ‘Simply’ Wall Street. All Ive had been doing is quietly buying. No concerns here….

[jmoexpress] 03/7/2023 16:32

Are you a bit confused? Not seeing where he has sold any holdings and he is nowhere near 12%