Late trades some are at after 4 pm times . Hmm. |
'The best in our field.
Seeing Machines is a world leader in human-machine interaction and an industry leader in artificial intelligence (AI), that enable machines to see, understand and assist the people who are using them.
We build our technology from the ground up. Our behavioural insights, sophisticated vision algorithms, intelligent optics and ultra-efficient embedded processing combine to deliver the world’s most efficient and optimised driver monitoring system technology, delivered to automakers globally. We partner with world-leading organisations to deliver flexible and robust solutions to our customers.'
As above. |
Look at the visuals here. |
Basically I think the market has missed a trick.
Yes SEE has risen on this news but as the market is so thin at the moment I think this is a very good sign, myself. |
 Not only were the earlier shares bought by Mitsubishi, at a premium at the time but they were followed up by the committment to agree to the amount announced today!
It is explained here in an earlier anouncement.
'Subscription Agreement - Further details
Seeing Machines has issued 640,746,822 new ordinary shares of nil par value each (the "New Ordinary Shares") to Mitsubishi Electric Mobility at a price of 4.09 pence per New Ordinary Share, raising gross proceeds of approximately £26.2 million (US$32.8) million (the "Placing").
The net proceeds of the Placing, issued at a 12% premium to the 30-day VWAP of Seeing Machines' existing shares for the period ending 19 December 2024, will unlock new growth opportunities, specifically for Automotive expansion in Japan and to accelerate joint sales of Guardian to support the Company's Aftermarket business across multiple geographies.
The Subscription represents 15% of the Company's issued share capital as at today's date, prior to the New Ordinary Shares being admitted to AIM for trading. The Company also understands that Mitsubishi Electric Mobility has entered into an agreement to acquire additional shares from Lombard Odier Asset Management and VS International Venture, the largest and second largest shareholders respectively of the Company, to increase its holding to 19.9%. Mitsubishi Electric Mobility's ownership level is restricted to 19.9% in accordance with the Australian Corporations Act and the Agreement between the parties restricts the ability to incrementally increase thereafter other than under certain agreed circumstances.
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur and dealings will commence in the New Ordinary Shares at or around 8.00 a.m. on 24 December 2024.' |
Base .....it's not just that!
Look at the different holding by Mitsubishi! |
Martin I’ve resuming his buying ,albeit a modest amount ,is a good sign as it shows continued confidence in our project & his continued commitment to SEE |
I don't know what the share price will do in the short term but I was a holder when it flew up to 11p a few years back. It feels a bit like that now. A decent contract win announcement or CES surprise on the cards. Just being factual. |
You really need help NV, utterly negatively biased beyond reason. I'm not doing your research for you, do it yourself. Anyone else that wants the reasoning, I'll happily post.
You did say "Just like all the other alliances we have blah blah" Magna is one of them. Get a grip |
I agree with those comments. Glass half full. |
I used to think you were just a miserable moaning ling term holder who neither had the stomach for selling out (FOMO) or the guts to buy more when our share price moved down to around 3p in order to reduce your average -which many of us have done ,admittedly ,over several years
My view now ,FWIW,is that you are either a paid de ramper -or simply a Martin Krantz fanboy/or girl who’s agenda is just to further the cause of SEYE
While we ( holders) would have all preferred the Mits deal to have been at a premium to the prevailing price , the general Market view is that this is a very positive deal for SEE-
-substantial improvement in bank balance ,eliminating short term cash flow worries
-MITs are a major trade partner who will hopefully ensure that we win a fair % of Far Eastern RFQs ,which are soon to announce
-MITs have substantial fleet connections which should enable a substantial acceleration in Fleet growth
-Mis are well established in N America which should ensure our winning our fair share of US RFQs
-potential for consumer applications for our tech which could add new revenue streams
MITs have much more to offer SEE than Lombard & VS & my view is that this transaction marks the beginning of the long awaited inflection point in the acceptance & growth of DMS /OMS & ultimately likely to result in our losing our independence at some point over the next year or two -the unknown being at what value |
Forget the CEO and blame everything on macro events? Crickey.
The world has been through ups and downs like it normally does, but ours CEO'S never delivered in either the good times or bad. The guy has just given away 19% of the business for 4p.
Let that sink in. That's what the business is worth in the CEO'S mind with all the data and information he has at his disposal - 4p!!! That's what Mitsubishi and any other business and market currently thinks we are worth.
It's a terrible inditment for the ceo and his failure to deliver that has eroded the share price to the point the shares are worth just 4p today to a potential buyer. |
Blimey some rubbish on this chat. Just forget the macros and slag off the CEO when he has positioned SEE in the best place possible to win most of the DMS total.market. |
Who mentioned Magna hadn't delivered anything? Not me, however, the current exclusive deal is almost up and the holy grail of DMS positions hasn't yielded much to our knowledge.
What revenues or product has our so called relationship with Samsung delivered? Apparently we've been working with them for years!!! If that is truly the case then where is the product? Why has Paul ever updated us on this relationship?
Where is the evidence that a HUD is about to be delivered? |
The collaboration agreement involves Mitsubishi Electric Mobility and Seeing Machines working together to access aftermarket automotive business opportunities in North America, Europe, and Japan. Here's a detailed breakdown of how this might affect the broader landscape, including Nissan, the Renault–Nissan–Mitsubishi Alliance, and the potential Honda takeover of Nissan:
Key Points of the Collaboration Agreement:
Joint Access to Aftermarket Opportunities:
Both companies aim to leverage their existing global aftermarket distribution channels, particularly Guardian Generation 3 (Seeing Machines' technology) and Mitsubishi Electric Mobility’s strong global reach.
This collaboration targets growth in aftermarket segments, which include products or services related to vehicle safety, driver assistance systems (DAS), and mobility technologies.
Adjacent Market Exploration:
Seeing Machines' proprietary IP (related to driver monitoring systems and AI-powered technologies) will enable both companies to enter new market segments where Mitsubishi Electric Mobility has a strong presence, possibly including smart mobility and autonomous driving solutions.
Subscription Agreement and Investment:
Mitsubishi Electric Mobility’s investment in Seeing Machines (£26.2 million, or $32.8 million) is a significant move, not only adding financial strength to Seeing Machines but also creating deeper strategic ties between the companies.
Mitsubishi Electric Mobility’s holding will increase to 19.9%, potentially influencing decision-making and strategy alignment.
Impact of the Renault-Nissan-Mitsubishi Alliance:
Since Mitsubishi Electric Mobility is part of Mitsubishi, which falls under the larger Renault-Nissan-Mitsubishi Alliance (with Nissan holding a 34% stake in Mitsubishi Motors), this deal could impact how the Alliance operates, but it depends on the focus area of the collaboration:
Operational Independence: Mitsubishi Electric Mobility primarily focuses on mobility and electronics systems, while Mitsubishi Motors (part of the Alliance) deals more with vehicle manufacturing. Thus, the Seeing Machines collaboration is likely to be more technology-driven, particularly in driver monitoring and AI, without direct interference from the Alliance’s vehicle production plans.
Alliance Synergies: The Renault-Nissan-Mitsubishi Alliance focuses heavily on sharing platforms, technology, and resources. This collaboration with Seeing Machines might provide opportunities for these technologies to be integrated across Alliance vehicles, potentially benefitting the group as a whole.
Honda's Takeover of Nissan:
If Honda takes over Nissan, this could have both direct and indirect implications for the Alliance and for the collaboration between Mitsubishi Electric Mobility and Seeing Machines:
Impact on the Renault-Nissan-Mitsubishi Alliance:
A Honda takeover of Nissan could disrupt the current Alliance structure. Since Nissan has significant influence within the Alliance (holding a major stake in Mitsubishi Motors), a takeover might reshape the dynamics and even dissolve or reconfigure the partnership.
However, if Honda continues Nissan’s commitments within the Alliance, this might not immediately affect the existing collaboration. In July 2023, the alliance announced a binding framework agreement to reshape its collaborative model. The agreement will focus on enhancing competitiveness and will include projects.
Potential Synergies for Seeing Machines:
If Honda takes control of Nissan, it might bring in their own strategic priorities, including technological investments and partnerships. Honda has been advancing in areas like autonomous driving and electric vehicles, which might complement Seeing Machines' AI and driver monitoring tech.
Depending on how Honda views the Renault-Nissan-Mitsubishi Alliance and its relationship with Mitsubishi Electric Mobility, this could bolster Seeing Machines’ technology integration across Alliance vehicles.
Conclusion:
In summary, while the Seeing Machines and Mitsubishi Electric Mobility collaboration will likely proceed independently of the broader Alliance dynamics, any significant shifts (like a Honda takeover of Nissan) could influence how these companies share and adopt new technologies across their vehicle lines.
The investment from Mitsubishi Electric Mobility indicates strong confidence in the collaboration, and it seems focused on the aftermarket and adjacent markets, which may buffer it from the more strategic decisions within the Alliance. Overall the deal between Honds and Nissan has been in the pipeline for the last 2 months through discussions. This would also include Mitsubishi's agreement with Seeing Machines going forward. |
is nvhlts coldfishpie - found you again! if so |
I thought NVH was a disgruntled shareholder but judging by his latest negativity he must be shorting |
That is not correct though is it!
One of our longest tie ups is with Samsung, a dead relationship. But just this week it looks like a major release is due at CES in partnership with them, for a vision based windscreen HUD development.
You have zero knowledge on Magna, just a daft assumption the deal has gone nowhere against the evidence with VW looking a major success for both companies (just not quite yet - market pace, not ours)
Gen 3 also looks to be promising for success in 2025 if the hints come true. (sources other than SEE)
The Mitsubishi deal enables stringent development to go ahead, R&D is the lifeblood of any company, so the investment is very welcome.
The problem with your BS is that you are so desperate to discredit the company for any reason, you cannot see how daft you make yourself look. |
Just a saddo feeling angry he has missed the rise from 3.2 to 4.75, so the obvious thing to do is pick on a perceived weakness then b1tch. The way the world is today, no one can just feel happy for someone else, just express envy.
NV, you really expect Paul to state that 4.09 is a rip off and the insti's got shafted? Sometimes your total lack of savvy is breathtaking
Looking forward to CES and possible Jap motor tie ups. |
Have you just arrived from Gothenburg Stonks -not sure we have seen you before but really tricky to understand your agenda . |
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