Seeing Machines Share Discussion Threads

[smithless] 24/3/2025 14:11:22

It looks like mr Ive's and co are just as clueless as the rest of us. He's down 65%

[nvhltd] 24/3/2025 09:32:52

Wow! News in that they've promoted someone. That will give Paul something to waste an hour on at the Town Hall. Funny how they trumpet new arrivals and promotions, but never give a reason why someone leaves such as tye guy that was heading up Fleet sales and marketing?

[amt] 24/3/2025 07:09:17

Seeing Machines has secured 18 Automotive programs with 11 OEMs, totalling an expected initial lifetime revenue of $392 million, with the majority expected to be recognised by 2028. The company has over 2.88 million cars in production across 8 programs with major brands like General Motors, Ford, Mercedes Benz, and BMW.

Seeing Machines' Aftermarket Guardian technology protects over 1,100 global transport and logistics fleets, having travelled more than 19 billion kilometres reducing risky driving behaviours linked to fatigue and distraction. In Aviation, the US$10m collaboration with Collins Aerospace progresses, advancing the development of the launch product and positioning the company as a leader in this growing industry

[supersonico] 23/3/2025 08:53:06

Richard Penny @Oberon
Best stock Idea for 2025.

@55.51m
'then in terms of if we do get recovery next year which I think we possibly could it's probably the most hated and despised companies that nobody will touch this year that will give you the biggest gains so I'm talking the likes
of I mean pick anyone of on De Ren ICS AP a group , Seeing machines'.

[smithless] 21/3/2025 16:12:07

lot of stock around - need to see a large transaction go through to indicate the seller is out or a large liquidity event. Where's the broker when you need them? Shambles

[davemac3] 21/3/2025 16:07:59

they better have something good to talk about in a couple of weeks or the share price will start with a 1

[amt] 21/3/2025 12:55:24

Yes indeed Snpout

[skinny] 21/3/2025 11:15:14

Meanwhile :-

[snpout] 21/3/2025 10:49:12

How do you know guardian is ramping up and loads of rfq’s being processed? Because McGlone said so? Pull the other one

[amt] 21/3/2025 09:33:21

The contract value is 3 or 4 times current market cap plus Guardian ramping up and loads of RFQs being processed and plenty of cash for the next year at least the share price is ridiculously low. I expect the Town Hall will give plenty of news.
Interesting the panel they have looks first class

[amt] 20/3/2025 07:50:36

It makes sense that OEMs will decide late on in order to get the latest chips and software updates. So I see a boom in contracts in early 2026.
They can easily fit this stuff at last minute, it's not like a brake system which needs a lot of planning ahead.

[snpout] 19/3/2025 15:29:53

And radio silence from them. All those billion dollar rfq’s McGlone said was up for grabs. Lies. And now supposedly 7 trials ongoing for our wonderful Gen 3. More garbage. The guys a chancer. And now he can’t spin his way out. The telegram group probably still saying a £ a share. What a bunch of fannies

[jpuff] 19/3/2025 14:42:55

New 3+ year low for the share price, yet the directors are still well paid and rewarded so all's fine eh!

[snpout] 19/3/2025 12:22:08

Sp bouncing back? It’s up 0.65%. You’re having a laugh aren’t you

[ali47fish] 19/3/2025 08:46:24

sp bouncing back hopefully can keep lt up

[amt] 19/3/2025 07:02:59

Nvh maybe they can't announce due to confidentiality. Why would Mitsubishi buy a large chunk (20%) at 4p if they didn't see a future. They did months of due diligence before moving in. It's recent so I think SEE will come good in a big way with a raft of announcements later in the year.

[amt] 19/3/2025 06:59:41

Tesla already have their own in house system

[nvhltd] 19/3/2025 06:54:42

The rot here continues at speed.

Yet again we were told that the early part of the year would be busy for new oem contracts and particularly from Japan, but yet again we have either been deceived or failed by the CEO.

Something is not right here.

GSR 2 is 15 months away, but the Euro NCAP deadline is only 9 months away.

Even with the flexibility of the Magna mirror offering there has to be a design, engineering and procurement process to go through so I don't see 9 months being anywhere near long enough to buy today and install by January 2026, let alone buy from this point forward and be ready for 2026. Indeed didn't Paul state that any new business won from this point is several years from implementation?

The answer has to be that every oem has to have a solution already procured and locked in. Even if we only choose Tesla as an example they must have a solution already identified surely?

The truth will out soon enough, but for now the deception continues. Paul said at the last town hall 2.5 years ago that time was running out for oem's to make a decision even though we had just announced the Magna mirror at that point. He's made the same point about a 2 year lead time ever since.

The only answer if NCAP and GSR 2 are the real deal is that all the oem's must have a solution already that doesn't involve SEE.

The Magna CLN debt debacle is looming large as is the need to renew the exclusivity of the deal in the next 3 months.

The clock is ticking until the company is bought out for a song.

[davemac3] 18/3/2025 21:56:17

lost more than half its value already this year and apart from the Covid blip at a ten year low, what have they been doing?

[amt] 18/3/2025 18:40:35

The only thing for certain is they do not need another cash raise for 18 months. If they don't make progress then later next year they would need to raise cash. However by then if sales haven't taken off we might aswell pack up.
40m cash at 31.12.2024.
Cash burn about 20m per annum.

[bones698] 18/3/2025 17:44:03

The numbers in the update were really poor compared to expectations and they seem to have stalled . Cash will get used up faster as the numbers are worse than they had hoped . Things will begin to get tight and they need to be pushing up the numbers just at the wrong time .

Lols like another case of management failing to act or deliver on their numbers . Until they approach break even best. Avoided and that still looks some time away. The losses are scary and not shrinking anywhere near fast enough . To much waste and effort not creating value . They need to slash costs but maintain some growth otherwise expect another fund raise quite soon