Seeing Machines Share Discussion Threads

[mallorca 9] 08/11/2023 10:57

My career has been in Automotive Tier 1 Procurement.
There is always a time lag .....todays Engineering Orders (prototypes etc) become tomorrows production vol orders.
Once nominated as the supplier , you usually have the business for at least the life of that model.
Regulation also driving this .
All good here , will no doubt be the subject of a bid one day too.

[base7] 08/11/2023 10:24

I have been here for over 10 years zero & although I have never sold I have added when our share price has been weak.Paul has clearly under delivered based on his own statements ,eg $1bill RFQs last year & this -but he has delivered the long awaited Aviation deal,albeit that we now await the first material contract & G3 will be launched in a few weeks(albeit after delays ).He recently advised that several RFQs are due to declare by calendar year end & OEMs really do need to make decisions to be ready for legislation .We also know that Magna offer the simplest fix so why wouldn’t RFQs go that route ,especially with view to time constraints .Had Directors not been buying in large quantities over recent months I would be more dubious but ,right now ,I consider that we are close to the inflection point from where we will be transformed from a loss making company to a very profitable company with cash flows to match .
I am committed & remain confident & should our share price slip back to 5p I will feel compelled to buy more

[zero the hero] 08/11/2023 08:41

mallorca9, been holding SEE shares for 10 years, luckily I have traded along the way so have built up quite a holding. However reading McGlone's interviews and comparing against reality the man is a disaster by his own words. This 15m new RFQ is peanuts against a 1 BILLION pipeline of RFQ's he has touted for a long time now. So in isolation it is good, but in comparison to expectations its a drop in the ocean

[mallorca 9] 08/11/2023 08:28

I thought the update was excellent.
The real growth starts in 2024.
Take this opportunity to build your holding.

[zero the hero] 08/11/2023 08:02

I agree amt and the future still looks secure, but these short term blunders are getting rather tedious. McGlone has has more than enough time to deliver on his promotions. They could have easily set up expectations to be in line with YOY quarterly growth as it compares with a dismal Q1 2023, and yet the PR blunders again.

[amt] 08/11/2023 07:52

I wasn't expecting much until later next year when this market should start to gain traction. At least we know they dominate the market, not much competition except Smart Eye might take part of the market which is expected to grow faster next year

[zero the hero] 08/11/2023 07:27

Well that is yet another extraordinarily painful RNS.

pathetic sized contract
just 5% quarterly growth

Yes I still hold but getting tired of the BS

[boonboon] 08/11/2023 07:26

Was hoping for slightly better. Got a lot to make up for in coming quarters to get to an average 23% quarterly growth rate, which is what they have forecasted.Whilst it's good to get an additional win $15 is peanuts. Let's hope it does lead to more business with that oem going forwards.

[skinny] 08/11/2023 07:21

Seeing Machines has delivered a strong year on year increase (98%) in Automotive production volumes with the Group's technology now installed in over 1.3 million vehicles. Seasonality of automotive production impacted the quarter-on-quarter growth rate, similarly to Q1 FY2023.

In Aftermarket, monitored connections of 54,140 have grown by over 30% annually. This number excludes the sale of approximately 480 Guardian units in Q1 FY2024, upgrading customers from Generation 1 to Generation 2, as Australia phases out its 3G networks in favour of 4G over the next 12 months.

Paul McGlone, CEO of Seeing Machines, said : "We welcome our 16(th) Automotive program award with our existing Tier 1 and OEM customers. This expanded business opportunity extends our incumbency with this particular OEM, giving us increased confidence for extensions across more vehicle lines within their portfolio. As a leading supplier of mission critical transport safety systems, being trusted is of paramount importance and while this individual award is reasonably modest in size, it further validates our proven technology and I am confident we will see more business from this OEM customer.

The quarterly KPIs provide transparency across the core metrics within our business and therefore expose us to seasonal trends, especially in the Automotive space. That considered, we are pleased to see growth close to our expected 100% year on year run rate in Automotive royalties, with over 1.3 millions cars on the road containing our safety technology and double-digit growth in our Aftermarket business. We are benefitting from the compelling structural drivers in our industry as new transport safety laws mandating the use of Driver Monitoring technology fast approach."


more.....

[boonboon] 03/11/2023 10:21

Hopefully kpi's next week, but could be anytime this month.

[supersonico] 02/11/2023 10:48

Semicast .

The raison d’etre of #AV developers is to make money for their investors. This is the defining characteristic of any business, and it is time to call BS on the “saving lives” and “accessible transportation” narratives. Latest from me writing in The Ojo-Yoshida Report.

Cruise and Waymo are free to publish their research which declares how #safe their #technology is. But the closest we have to an impartial third-party referee is Missy Cummings, and her research "Assessing Readiness of Self-Driving Vehicles" includes the finding that Cruise’s and Waymo’s robotaxis in San Francisco are 4-8x more likely to be involved in non-fatal crashes. U.S. lawmakers and regulatory agencies should take note.

com/feed/%20%20update/urn:li:activity:7125545931424301057/

[wsm812] 01/11/2023 08:08

@NOramp - what do you think of SEE will be in 3 years time when decent growth has been acheived? It won't be at these bargain prices that's for sure!

[hazl] 31/10/2023 16:27

Better to be early than late NORamp.

[nestoframpers] 31/10/2023 15:30

Insti holdings in SEE are just at 39% , I would have thought if a TO was looming that would be 50% at least ? Here is why , 3 years until decent growth.

[amt] 31/10/2023 14:36

Sopheon had offer at double the price, that's a reflection of the AIM market.
Seeing Machine could easily get an offer at double the price

[base7] 31/10/2023 14:33

Hopefully LO will want to take their holding up to 19.99% resulting in their buying a further 180m + shares.

[nestoframpers] 31/10/2023 12:55

I sold at 12p I might get back in , I mean if the BODs are buying !

[nestoframpers] 31/10/2023 12:50

£180 K not to be sniffed at.

[amt] 27/10/2023 17:07

Blimey Nv, cheer up nobody will steal your gains.

[nvhltd] 27/10/2023 15:35

It's a very good sign. I just don't want them to be encouraged to sell the business before we get maximum value.

I also hope they stay on AIM and never move. Again for personal reasons and IHT. If we are all hoping this investment comes good then I don't want HMRC stealing my gains after such a l9ng wait.

[hazl] 27/10/2023 13:19

You could argue nvh, that it is good for anyone buying in now, if you what you state is true.
It is not about long termers it is about now.
Is their buying a good sign I think so!

[base7] 27/10/2023 13:17

Paul had options over 37m shares so a low ball bid of 15-20p would see him a wealthy man in any event .Assuming he still believes what he has repeatedly said about our potential to be a dominant player in Auto & Fleet & the only player in Aviation I would hope that he now wants to still be here once we have exceeded breakeven & following the launch of G3 a clearer view as to our potential revenues in FY 27,28 & 29 .Most if us have been waiting a long time & I personally doubt whether Paul would sell out cheaply.I doubt whether Martin would be interested in 15-20p as he is a newbie & clearly already wealthy enough to invest £500k+ so he will hopefully also be looking for a much higher exit.All seems like a bit of a pipe dream right now but nothing has been said by Paul to encourage me to bale out now & will continue adding when circumstances permit