Seeing Machines Share Discussion Threads

[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

[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.