Seeing Machines Share Discussion Threads

[alchemy] 02/5/2024 08:37

One day reversal!

[base7] 01/5/2024 19:04

Good news today,& viewed positively by Colin ,good news yesterday with Magna winning a prestigious award for their mirror DMS solution - so lets hope that the positive newsflow continues with better than expected KPIs,expected in the next day or 3

[alchemy] 01/5/2024 15:37

Oh compelling stuff . I'll mull further that RNS sounds good

[cellars] 01/5/2024 14:59

It will also be incorporated into in car entertainment systems.

[cellars] 01/5/2024 14:57

Not restricted to EV's. It will inhibit e.g. partying teenagers distracting the driver.

[mirabeau] 01/5/2024 14:25

Alch

It's the law

[alchemy] 01/5/2024 14:24

Guys I'm well disposed to SEE but I'm looking two years after any in depth analysis. This is a pretty straightforward question the answer to which might see a modest re-entry . Modest means modest re-entry.Ok LiDAR Radar Speed etc why is passenger attention needed in EVs ?

[mallorca 9] 01/5/2024 07:28

Well .... that adds a bit of confidence doesn't it !

[skinny] 01/5/2024 07:02

Seeing Machines has now been appointed to deliver 18 expanding programs for 11 individual OEM customers, building the cumulative initial lifetime value of all ongoing Automotive programs to US$392m, with most of that revenue expected between now and 2028.

[zero the hero] 01/5/2024 06:29

All very quiet here, time to stop the malaise?

Magna Wins 2024 Automotive News PACE Award, Receives PACEpilot Recognitions



Read for yourselves but here are the bulletin points

Integrated Driver & Occupant Monitoring System is one of 13 PACE Award winners out of 33 finalists

Exteriors and seating products secure two of 11 PACEpilot Innovation to Watch recognitions

Magna only company to receive a PACE and multiple PACEpilot Awards

There is also a bit of press coverage:

[hope1815] 27/4/2024 18:02

If correct Nvhitd the price would have to be above what some shareholders would agree to for instance -

Lombard Odier Asset Management holds 15.8%
Federated Hermes, Inc. holds 9.01

All the 2 above purchase a few more shares to stop any Buyout because of the 25% rule between them.

Now if they agreed on any buyout it would have to be above what they bought.

Also, the CEO's Vested position probably would not be met as they were rolled over. Maybe that why he bought more on the open market.

Happy Investing

[nvhltd] 27/4/2024 15:20

Careful what you wish for. Now Paul has trashed the share price he sees fit to start buying. The more shares he owns at this level will only incentivise him to sell the company on the cheap. He'll have made a nice return if it ever gets back to 12p plus. Why wasn't he buying at 12p when he was telling investors 2 years ago about the inflection point, hundreds of thousands of PO'S for fleet and a 330 aircraft order about to drop?

He's simply preparing to sell up and get out ASAP.

[wsm812] 26/4/2024 13:13

True Jpuff, you rarely can go wrong by following large director purchases

[jpuff] 26/4/2024 11:28

They always seem to know where the bottom is eh!

[amt] 26/4/2024 11:24

Good to see Director buying

[wsm812] 25/4/2024 15:07

It's all about perspective a5teve - my B.E.P is lower than yours.

[a5teve] 25/4/2024 14:02

Down from 6p to 4.04, goes up to 4.48 and you think something is happening ???

[wsm812] 25/4/2024 13:51

Something is happening!

[2xs] 23/4/2024 11:03

SEE owe Magna $47.5mm. This is due in 2026. SEE can opt to pay the interest in shares. Magna can opt to receive either cash or equity for the principal. If it is equity then the SEE price used is 11p.

[masarap] 23/4/2024 11:00

Skinny, thanks. It's not crystal clear but it looks like the word 'may' suggests Magna can insist on repayment as opposed to being obliged to convert at 11p. These CLN's generally have all sorts of caveats. In reality, they are likely to convert but with a re-negotiated conversion price. It's not completely clear but that's my interpretation but please dyor. I thought at the time the 11p conversion was too good to be true as it was significantly higher than the share price at the time. They have drawn $30m of the available $47.5m and have until Oct '26 before it matures.


"Magna may elect to convert the principal and at Seeing Machines' election, interest outstanding under the Convertible Note at any time during its term, up to a maximum of 349,650,350 shares which, when added to Magna's existing shareholding in the Company, will represent approximately 9.9% of the fully diluted share capital of the Company. The Convertible Note contains standard covenants, and anti-dilution provisions. The interest due at the end of the facility can be paid in cash or converted into equity at Seeing Machines' election ."

[smithless] 23/4/2024 10:20

amt- not sure it is anything to do with mkt cap, as Smart Eye capped at £217m (been following for a while and looks suspect, as nothing ever seems to come to fruition). Cash burn is an issue and although SEE state high teens cash for H2 2024 and below 1m cash outflow per mth thereafter, I think Mr mkt is not convinced. Obviously Magna's licence runs out nxt year, so it may be able to do a deal with them. All very depressing, but its always been volatile, but they are market leaders in a huge mkt going forward

[skinny] 23/4/2024 10:15

I believe this was the last mention?

[masarap] 23/4/2024 10:02

Could any holder clarify whether it's SEE or Magna that has the option to choose between repaying the Convertible Loan Note (CLN) issued to Magna or allowing Magna to convert it at 11p? Clearly SEE can pay it back but they will just let Magna convert if the decision rests with them but can Magna insist on repayment?

From my understanding, it's SEE that has this choice and it would place the company in a favourable position. However, I've come across several posts indicating that the decision lies with Magna. The share price at 4p also indicates that SEE might be forced to pay back. I don't currently hold any position, but I have been following the company for a while.

[amt] 23/4/2024 08:30

Very disappointing. Fortunately I sold half at 5p and bought Bango which is up 25%. The problem is the high market cap and potential need for cash if they don't meet targets.
One of many recent disasters in the market I am afraid. I need a big success and have chucked everything at Bango. Not usually good practice but I am convinced.