Seeing Machines Share Discussion Threads

[nvhltd] 24/4/2025 19:11:49

Why would my faith be restored. The share price is sub 2p and despite confirmation that they will respond to the submitted questions you can bet your bottom dollar the answers won't clarify anything.

[amt] 24/4/2025 13:58:29

There you go Nvht, hope your faith is restored.

[bdbd11] 24/4/2025 13:57:15

I started to build a small stake here after the mitsubishi deal, just taking my 3rd small tranche at an ever lower price of 1.74p, more than 50% lower than the £26m stake price they took. The non stop director purchases seem to have ceased? clearly something going on here that we don't know about, or just massively oversold? Next target price under 1p for a few more.

[nvhltd] 24/4/2025 10:47:56

Sophie has responded this morning to say that there were 88 presubmitted questions which she is working on to post in the Investor Meets platform at some point.

[nvhltd] 24/4/2025 08:16:39

DMS applies to all vehicles in Europe from a GSR 2 point of view either as an automotive product or Guardian in our case.

Nothing stacks up with the opportunity against what they say.

The town hall meeting was an opportunity to be crystal clear after the Gen 3 debacle, but they have left us more confused than ever.

My only assumption, just like in auto, is that there are many more suppliers that never get discussed outside of the 4 we know about.

In auto for instance we found out that Valeo were developing their own DMS. Who are Tesla using for DMS or Toyota? Any new RFQ won now is for installation after GSR in 2027.

The Chinese have obviously developed their own DMS hence the downgrade tp 35% market share.

Sophie has told me that they still plan to post the town hall Q and A, but needs"help" from Investor Meets to do so! They didn't need any help posting the 6 panel q & A.

[amt] 24/4/2025 07:52:14

Does it apply to vans and trucks ?

[nvhltd] 24/4/2025 07:34:21

I see posters on LSE are now starting to question the whole Gen 3 supply / demand BS.

The town hall was a complete waste of time.

How can we have regulation in our favour, a deadline less than 15 months away, little or no competition, hundred of thousands of PO'S (apparently), 8 ongoing trails with large enterprise customers, a European TAM of 330K trucks & millions more vans and buses plus a global market and only set production at 24K units possibly rising to 36K units.

Please can someone explain to me what I'm missing?

[bones698] 22/4/2025 16:32:59

Looks like next year might be the year finally but for now it's loss making and slowing revenue growth which will eat into the cash pile . Share price is indicative of a company struggling to grown and make money which sums it up so far . At least they have started to cut costs before they hit problems .

[amt] 22/4/2025 08:26:32

I wonder what happened to the collaboration with Samsung

[supernumerary] 21/4/2025 18:33:46

Nice, but expensive overkill for the automotive application...

[amt] 20/4/2025 14:51:57

Yes true about China, anyway there is Honda in Japan plus other Asian countries.
NVH you need to have a reset and realise you have got it wrong, very wrong.

[amt] 20/4/2025 13:51:07

I am glad you said that. Barden reckons Seeing machines is a country mile ahead of any other technology.
As I explained Smarteye is wining lots of low value contracts to get something in place to meet legal requirements.
As we move forward though systems that connect everything together is the way ahead.
That's when See may well get 70% of the market.

[smithless] 20/4/2025 11:25:36

There is nothing anywhere saying Gentex and Smart Eye have come together to develop DMS in a mirror, apart from the CEO of Smart Eye being prompted by its PR Co and him saying no comment. Gentex use Guardian Optical Technologies, its own inhouse development team. Even Barnden’s comments a while back is pure speculation based on no evidence. Fact, Magna and SEE are the only parties that have a fully functional and validated rear view mirror that is currently in the market.

Re China, I wouldn't allow my IP loose in their market. Maybe via a Tier 1, but only with the legal protection they would offer.

[amt] 20/4/2025 07:02:24

Now, Magna hopes to repeat that success with in-cabin cameras. This time, it has Seeing Machines as its trump card. Barnden predicts: “If history is an accurate guide, the Magna-Seeing Machines partnership could quickly lead to a 70% share of the global DMS/OMS market.”

[amt] 19/4/2025 17:41:28

With the tariff situation China is going to take a big hit so European cars, Japanese and Korean cars likely to do better.

[nvhltd] 19/4/2025 16:49:03

Gentex together with Smarteye have a mirror DMS. So much for patented technology.

The number of cars sold in Europe is just shy of 13 million. Based on the comments and predictions of Martin our current contract will deliver 1,6 million vehicles per quarter in Europe. That's 6.4 million vehicles or circa 50% of the European market. It we have a price premium that might take us to the 60% by revenue.

The figures they gave were ex China, but the Chinese are growing market share across the world. I think they now realise that the Chinese are a real threat and will take their lunch very soon.

Their dms might be inferior now, but they will steal the tech and copy it for a fraction of the cost and time it took us to develop.

I remember watching a Top Gear episode from China demonstrating cars with a striking likeness of Rover's maybe 15 years ago and we all laughed. We're not laughing now. In the case of China and any other product subsidised by governments I support Trump's tariffs even though it was the legacy manufacturers that wanted to tap in to new growth markets with their cheap labour and western consumers that were more than happy to buy cheap stuff so long as it didn't affect their jobs and lives. We only have ourselves to blame for the rise of China and their ability to make everything as good as the west (eventually) at a fraction of the cost. Seeing Machines can't afford not to try and enter the Chinese auto market because the consumer is happy to.

We're under threat before we even to establish ourselves.

[amt] 19/4/2025 08:51:22

After considerable research my conclusion is that in the initial stages a large proportion of the OEMs, particularly from Asia are putting in systems that are good enough to pass the regulations but not good enough to get top ratings.
Meanwhile Seeing Machines have a product and support that is way ahead of anything else because it interacts with many other safety systems. This has taken about 4 years to get to this position so the opposition is 3 or 4 years behind. Therefore on the initial stage SEE only gets 35% of the market. However from 2027 or 2028 it will go higher as more sophisticated systems are required and tailored to everything else going on in the cabin. Having cameras in the mirror is required. Cameras in the steering wheel might be OK for the next couple of years but after that won't help with further development.
Seeing machines have been clever in getting the cameras into the mirror. That gives them a huge advantage as the tech developes.
On the financial, yes it's going to be a push to pay down the loan but by the time its due SEE will be making large profits and throwing off at least 40m usd annual cash flow so analysts will see all risk removed and a company in a rapidly growing market. Therefore if the shares are rerated to say 12p by then the dilution from a cash raise would only be a few percent.
The market is missing an incredible opportunity and hence the CFO has been buying in.

[smithless] 18/4/2025 13:52:54

From my experience when dealing with small growing co's when things change around you have to adapt your business plans to meet those changes. If you don't you end up being left behind. Perhaps SEE's biggest mistake was trying to give forecasts - others don't.

As for Gen 3 I think the business plan changed, as it didn't want to end up being a general box fitter with the odd over the air software updates. Better margins and reoccurring revenue in 24/7 service + high retention rates and creating long term imbedded value. Let's face it van and lorry drivers don't want all the add-ons car OEM want. Plenty of people do DMS boxes Bosch etc. This is where Mitsubishi comes in, as it what's to get into this high margin area of advanced telematics (now that SEE is released from the Caterpillar contract). Also Mitsubishi wants be able to offer DMS etc to its OEM customers new and old. But Mitsubishi main goal is to leverage advanced telematics via see through it's massive network. No one offers high level DMS/24/7 external monitoring and I'm sure insurance companies will give big discounts for those how choose Mits/SEE. Very clever move imho.

[warren buffon] 18/4/2025 09:53:50

Most posts are indeed BS, on both sides. And the company does very little to clarify concerns or answer questions. PMG said “no stone would be left unturned” when it came to addressing investor questions, yet two completely delusional praises of past failures made it into the public Q&A, and they published six questions that no one probably even asked.
There’s zero transparency in how they deal with their investors. Good luck emailing anyone, they reply to no real questions or concerns.
This needs to change in the first place.