Seeing Machines Share Discussion Threads

[gutterhead] 01/2/2024 13:01

I think the market has run out of goodwill to See. Too much bs and missed deadlines.

Revenue, cash generation and profit will be needed to see any material improvement in share price.

[boonboon] 01/2/2024 09:51

They announced some, albeit small, gen3 contracts this month. I don't expect any more major fleet contracts until they're actually physically available now.Although we might get some more smaller ones with the kpi's next week.

[nvhltd] 01/2/2024 09:48

January down and still no new contracts in auto or fleet.

[nvhltd] 30/1/2024 08:43

Paul said in one of the meetings that he believed the limited time constraints would lead to oem's remaining with incumbent DMS suppliers which is why it was vital to get market share early.

So can we assume that despite the lack of new contracts in the past 25 months he believes new contracts are pretty much nailed on with existing OEM's?

Despite that assertion it doesn't explain the following:

1) Given the lead times and given DMS is required in all new vehicle models from July 2024 sold in Europe then who is supplying DMS to all of the missing oem's that will release new models in the next 29 months to July 2026?

2) Could it be just like SEE PR said about commercial vehicles that until July 2026 new vehicle models only require a DDWS which doesn't necessarily need to be a camera based system as distraction isn't a requirement until July 2026?

3) Given the lumpy nature, delays and uncertainty around new contract are we likely to see revenues / profits fluctuate wildly until all cars sold in Europe have to have DMS fitted?

I still think SEE are being deliberately vague in their communications / clarity and not because they are being Conservative in a positive way. I don't think things are panning out as they predicted.

[unionhall] 29/1/2024 21:31

Perhaps there is a missing link..... The Tier 1's.

Even though Tier 1's may have contracts signed with the OEM's SEE may be working on those contracts without being able to disclose.

They are certainly incurring significant Engineering Fees which are a precursor to installation.

They must be spending those big bucks on something real - it cannot all be research.

[amt] 29/1/2024 19:45

Hello Alan. Good luck I am still holding but its a frustrating share so I am not as confident as some of my others. The next 6 months should be full of new contracts.

[nvhltd] 29/1/2024 16:23

Starting to look like January is another wash out month.

If my understanding is correct from July 2024 all new vehicle 'models' sold in Europe must have DMS (ADDW camera based system)and then from July 2026 all 'new vehicles' sold in Europe must have DMS (ADDW).

From July 2024 all new vehicles sold in Europe must have a DDWS. The distinction here is that a DDWS doesn't have to be a camera based system and doesn't detect for 'distraction' certainly not in commercial vehicles anyway according to SEE PR.

So if it takes circa 2 years from closing a deal and the engineering / design work needed then it seems to me that there's no time left or new models expected anytime soon. Any new deals now must be for 2 years the future?

If SEE are correct in their timelines of circa 2 years from deal to production then any car maker now only has 2 years and 5 months to meet the ultimate deadline of July 2026.

What I don't know or understand is if there are any vehicle makers still out there that haven't selected a DMS partner who plans to have a new 'model' between now and July 2024 sold into Europe or by July 2026 given the lead times communicated by Paul.

None of it makes much sense to me.

In commercial vehicles my understanding directly from the company is that from July 2024 all commercial vehicle sold in Europe must have a DDWS, but it doesn't have to be a camera system to detect distraction until July 2026, but it does if it a new truck model and then it's July 2024.

[alangriffbang] 29/1/2024 12:39

amt this was tipped again on morning share tips so I’ve just bought 20 000 just to dip my toe in the water, good luck,

[unionhall] 29/1/2024 11:57

I'm afraid only Contracts, increasing volumes in KPIs with profitability coming into sight will help us here.

Tips, promises, proactive interviews we have had plenty of.

Time for execution and the resultant forward motion.


July 2024 has long been heralded as D-Day for DMS adoption in Europe in new models of cars and trucks. If we get there without significant wins announced in Auto and Guardian the long journey will have been just that - a long journey to nowhere.

Cannot even contemplate such an outcome !! Onward and upward ....

[wsm812] 29/1/2024 08:35

There was a positive mention in last week's Moneyweek with a buy recommendation.

[tradermel] 25/1/2024 08:48

Dreadful stagnant performance from the CEO, so many promises that turned out to be BS and what a complete let down for PI mugs (and I am one of them) Hardly check in now as these are performing so badly against claimed potential.

[jpuff] 24/1/2024 11:37

Personally I think you could come back here in two to three years time and it'll still be trading in the 5 to 6p range. I hope I'm wrong as I do hold but it's moribund for the foreseeable imho.

[amt] 23/1/2024 07:48

Another nail in the coffin for fully autonomous driving which was all hype. Good news for Seeing as it means that drivers will need to remain attentive. Maybe in a few decades fully automative driving will be commonplace but its too far away to worry about.
Good to see Qualcomm mentioned.
GM produce about 6m vehicles per year, presumably they will all need Driver monitoring very soon. That's a market of 60m USD for one company alone.

[skinny] 23/1/2024 06:44

Thanks Mirabeau - awful looking car though.

[mirabeau] 23/1/2024 06:04

Super Cruise to be expanded. Ultra ditched

[intent1] 22/1/2024 07:27

The company predicts that revenues will exceed $125 million by 2026, and the City has shown renewed interest. Investment bank Stifel names Seeing Machines as one of its top stock picks of the year, with analyst Peter McNally naming a hefty 15p target price and flagging the shares as currently “attractively valued”.

[amt] 22/1/2024 06:52

I don't have access, presumably it's positive though. Any price target ?

[skinny] 21/1/2024 08:38

Thanks both.

[boozey] 21/1/2024 05:35

Tipped in The Sunday Times today..

[wsm812] 19/1/2024 08:47

Just the right amount of cynicism longsight - have a thumbs up