Seeing Machines Share Discussion Threads

[nvhltd] 08/12/2023 15:28

It's been more than a year since the infamous 'Italian Job' was posted where Paul told a bunch of privileged Italian investors that the company would land a 330 aircraft order before the end of 2022. What a load of BS that was. They don't even have an aircraft product developed. Work only started on developing an aircraft product in July after the announcement of the deal with Collins.

God knows how long now he has been promising auto deals. The last declaration was that they were working on 12 RFQ's. Since June 21 they have only announced 2 tiny orders. However, Despite the excuses Paul continues to dangle a carrot infront of our noses. His latest claim was that there will be multiple wins before the end of the calendar year. Well time is running out on yet another Paul target. No doubt he'll peddle the same BS that it's the OEM's fault for wanting more and more features and he thinks that's the right call. The trouble is Paul you need to keep your mouth shut unless you are sure what and when they want it otherwise you run the risk of becoming a typical ceo that cannot be trusted and doesn't deliver.

Meanwhile Smarteye win new orders. People can knock them all they like, but they are at least announcing contract wins. I also noticed another company has entered and won a commercial vehicle DMS contract. So much for being the only company with a product in the commercial space and so much for the years and years of development and collection of real world data etc. It just goes to show that just like any other product if there's a market plenty of companies will come and fill it.

With Gen3 just about to launch, regulatory deadlines fast approaching and with first mover advantage there can be no more excuses. Calendar year 2024 must be the year that Paul and SEE start to deliver otherwise I think we will start to lose credibility.

Investors have waited long enough for this company to start making money. The years fly by and believe me it won't be long before the Magna CLN becomes a noose around the companies neck.

So come on Paul where are these auto contracts? Eventually the metric of SEE DMS installed will be come irrelevant. The metric we all want to see is how many DMS sales the company have per quarter and annually. No one cares how many Apple phones are in use. Investors want to know how many phones they are selling and their market share.

[skinny] 02/12/2023 10:26

12p by June 2024 maybe within reach, but 20p....

[bones698] 02/12/2023 08:59

I like the tech but as a business it's not really doing very well . They have set a target of 125m which is some way off where they are now and if they fail to hit that target will get hammered when it's announced . It's always a big risk stating revenue figures especially ones in a volatile market place that can easily go awry .

Mkt cap looks very high for a company making quite big losses . I can see downside here and a lot of risk at present
Cash position at last results of 36m won't last long with those losses

[amt] 26/11/2023 21:24

Not on my watch they won't.

[davemac3] 26/11/2023 16:03

they might just rebase them or extend the vesting period.

[zero the hero] 25/11/2023 19:07

From Chairboy on LSE.

In the AGM pack (see the SM website) is says PMG needs to hit the following share price targets by 30 June 24 to receive his award of up to 10m shares:

-Less than 12p per share, 0% vesting
-12p per share, 40% vesting
-12p-20p per share - linear sliding scale
-20p+, 100% vesting

Very bullish targets considering where the share price is today!

[hope1815] 16/11/2023 07:08

Berkshire Hathaway revealed it has sold off its remaining holding in carmaker General Motors. Charlie Munger was quoted ‘In its heyday, General Motors was a great company – it just gradually went to hell one contract at a time,’. The reasoning behind the decision to sell up is in its model of business and suggests it is unsustainable.

With Seeing Machines it may impact but probably only a small contract may have been signed. This suggests it would have minimal impact on any revenues coming.

Articles from Daily Mail. CNN, CNBC, Wall Street Journal, etc.

Take Seeing Machines has many partnerships across the World and one company going under will not impact Seeing Machines Forecasts.

Reading the Articles Berkshire Hathaway has sold a lot of holdings even in Tech companies. Seeing Machines I would class it as a Defensive Stock. If they see what is coming Defensive stocks here we come.

[jpuff] 15/11/2023 08:53

They don't seem to want to let this go over 6p. I guess that will be the buy signal if and whenever it does one day in the future.

[mirabeau] 10/11/2023 09:44

“We continue to think the market is still in the early innings of mass-market adoption with Seeing Machines in pole position and undervalued,” said analysts.

[stuart4u] 09/11/2023 20:33

Say it again. You dont know whats going on. Keep watching.

[skinny] 09/11/2023 18:06

I assume they are still the house broker, but nevertheless.

[zero the hero] 09/11/2023 09:44

Stuart, I do have an idea. The future of DMS is rosy driven by legislation, a highly acclaimed product with a great future. SEE appear to be one of the only 2 main players in a rising demand. I also know that Directors have bought 70 (ish) times in the recent past and most notably, by a highly regarded CFO investing his family fortune here. So tell me again I do not have a clue!

However when a CEO makes unpressured verbal promises about company prospects (I won't list them yet again) don't expect people to not call it out for what it is. So don't come on here bleating about others calling out the blunders.

Lol!

[hope1815] 09/11/2023 07:47

Reference from an old post -

Hope181527 Oct '23 - 12:13 - 18984 of 19017

At some point, the Directors will stop buying because of RNS in the close window. It could mean they buying now being the share price is cheaper and then annoucement coming month or 2. If they keep buying till the end of November then no news.

We may get some news on other contracts then

[stuart4u] 08/11/2023 20:20

You have no idea whats going on and playing out in the background.Happy you've made a few quid which makes you happy though LOL

[zero the hero] 08/11/2023 19:56

I suppose I could never post anything just be a kiss ass. Keep up with the informative newsflow Stuart. FWIW I have made fair money trading this share in the last 10 years and very happy to post positive when good work is done, but as for never criticising the company, well that is a pretty sad notion you have there.

[stuart4u] 08/11/2023 16:55

I dont understand why people come on here and give us the usual guff.If youve been here 10 years its your fault nobody elses.You believed what the company is saying or you'd all be rainbow chasing elsewhere.But I guess you just have to have a moan every now and again on the fact that your investment is down to you and nobody else.As always have a good day.

[base7] 08/11/2023 15:05

The market seems comfortable with the update with our share price holding its ground & firming slightly ,currently

[nvhltd] 08/11/2023 14:17

All rather pathetic really given we're supposed to be in the middle of the second billion dollar worth of business phase.

[hazl] 08/11/2023 11:35

Hope so mallorca!

[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