Seeing Machines Limited

0.05 (0.88%)
Share Name Share Symbol Market Type Share ISIN Share Description
Seeing Machines Limited LSE:SEE London Ordinary Share AU0000XINAJ0 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.05 0.88% 5.75 854,310 15:58:34
Bid Price Offer Price High Price Low Price Open Price
5.70 5.75 5.80 5.68 5.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Computer Related Svcs, Nec 54.44 -25.32 -0.60 - 238.97
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:11 UT 71,996 5.75 GBX

Seeing Machines (SEE) Latest News

Seeing Machines (SEE) Discussions and Chat

Seeing Machines Forums and Chat

Date Time Title Posts
26/5/202310:10Seeing Machines PLC709
17/5/202316:59VISION for the future18,711
12/8/202118:30A great company. A poor share22
25/7/201912:54Techinvest Technology Fund SEE's the future557

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Seeing Machines (SEE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 15:35:115.7571,9964,139.77UT
2023-06-08 15:20:195.70895.07O
2023-06-08 15:20:195.701,00057.00O
2023-06-08 15:18:295.74522.98O
2023-06-08 14:48:475.7527,1291,559.92AT

Seeing Machines (SEE) Top Chat Posts

Top Posts
Posted at 16/5/2023 12:26 by nvhltd
While it is good to finally get a deal penned the size of the deal is rather pathetic and the share price reaction shows it.

$10million over 3 years is peanuts and while this isn't the royalties, we are years away from seeing much from them.

There's no details on the royalties percentage. PMG said that each aircraft system is worth circa $10K. What he didn't say or has not been made clear in todays RNS is whether SEE get $10K per aircraft or a percentage of that figure as a royalty.

Still too many unknowns to work out the value of this deal to SEE and the market has reacted accordingly.

Lets just the share price back to 12p and then flog the company.

Posted at 27/3/2023 11:56 by base7
Paul has 37 mill under option , a tranche of which must be exercised this summer @4.41p-so it will be interesting to see what he does-
1)Sell all In Market (unlikely)
2)Sell enough In Market to fund the purchase of the balance ( he wouldnt be left with many if our share price remains at these levels)
3)Buy all In Market & invest around A$1mill (unlikely)
If he decides to sell some to fund a purchase he may look to sell to an existing holder wanting a bigger holding to avoid selling millions In Market-either way, he would rather our share price would be much higher when he has to make his final decision

Posted at 10/3/2023 07:27 by ali47fish
9 March 2023

PDMR / Director Dealing

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that on 9 March 2023, the Company's Chief Financial Officer, Martin Ive, purchased 50,000 ordinary shares ("Ordinary Shares") in the Company at a price of 6.93 pence per Ordinary Share, 50,000 Ordinary Shares at a price of 6.80 pence per Ordinary Share, 48,000 Ordinary Shares at a price of 6.70 pence per Ordinary Share, and 44,000 Ordinary Shares at a price of 6.60 pence per Ordinary Share.

Following these purchases, Mr Ive is now beneficially interested in 5,192,000 Ordinary Shares, representing 0.1 per cent. of the issued share capital of the Company.

The Notification of Dealing Form required in accordance with UK MAR is set out below.

Posted at 06/2/2023 07:03 by skinny

Seeing Machines and Mobileye to jointly target Aftermarket business

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that it has signed a non-exclusive Distribution Agreement ("Agreement") with Mobileye Vision Technologies Ltd ("Mobileye"), industry leader in the development of advanced driver assistance systems ("ADAS") and autonomous driving technologies.

The Agreement enhances Seeing Machines' Aftermarket offering, Guardian, which targets the commercial fleet sector, by incorporating the Mobileye suite of Aftermarket products to alert drivers of potentially dangerous situations.

Guardian keeps thousands of commercial fleet drivers safe in more than 26 countries by using proprietary face and eye tracking algorithms to detect whether a driver is fatigued or distracted. The system is connected to a 24/7 monitoring centre and cloud analytics engine that gives fleet owners a variety of customisable intervention and analytics options.

Mobileye and Seeing Machines will jointly market these mission-critical products to provide holistic safety solutions to transport and logistics customers globally.

Paul McGlone, CEO of Seeing Machines, said : "With the EU's updated General Safety Regulation coming into force and awareness around driver safety growing, we are delighted to be working with Mobileye, and leveraging their leadership position in ADAS, to help realise our shared objective of reducing fatal accidents on our roads."

Posted at 03/1/2023 15:53 by unionhall
Courtesy of Soulboy on SEE.......

Another which doesn’t appear to yet be RNSed

Source: PR Newswire (US)
WILMINGTON, Mass. and CANBERRA, Australia, Jan. 3, 2023 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, and Seeing Machines (LSE:SEE), an advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announced a collaboration in support of high-performance driver and occupant monitoring system (DMS/OMS) technology.

ADI and Seeing Machines accelerate safer driving with sophisticated ADAS.
Long-haul driving and congested traffic are two scenarios where driver fatigue and distraction often occur and frequently cause accidents, resulting in injury or worse. New and sophisticated advanced driver assistance systems (ADAS) are rapidly evolving to support safety across increasing, varied levels of autonomous capability.

The collaboration pairs ADI's advanced infrared driver and high-speed Gigabit Multimedia Serial Link™ (GMSL) camera connectivity solutions with Seeing Machines' artificial intelligence (AI) DMS and OMS software to support powerful eye gaze, eyelid, head, and body-pose tracking system technology that more accurately monitors driver fatigue and distraction. The combined solution will readily meet European Commission General Safety Regulations (GSR) and European New Car Assessment Program (Euro NCAP) requirements. It is also conducive to enabling future occupant monitoring features and a range of in-cabin camera placement options, previously unworkable due to challenges related to power efficiency, functional safety, hardware footprint, and image quality.

Semi-autonomous driving systems rely on in-cabin DMS and OMS to recognize and address driver fatigue and distraction. These systems must operate in all lighting conditions and require proper infrared lighting to ensure image quality on a frame-by-frame basis necessary for eye tracking in real time. The combined solution from ADI and Seeing Machines leverages ADI's industry-first infrared driver for DMS and OMS, capable of delivering up to 100W of peak power in a compact and functionally safe solution. This allows for a non-intrusive, smaller camera module in a vehicle's cabin.

Seeing Machines' AI software interprets signals from the optical hardware, monitors and diagnoses the problem, and combines with ADAS features to enable output signals to warn drivers and vehicle occupants when necessary.

"Seeing Machines exists to get people home safely, and our work with ADI aims to support semi-autonomous driving with increased safety levels to deliver what we call 'supervised automation'," said Nick DiFiore, SVP and GM of Automotive at Seeing Machines. "ADI's proven automotive-grade, near-infrared drivers and GMSL devices enable a sophisticated optical path to provide critical illumination and high-speed video bandwidth for real-world and real-time processing of interior cabin environments."

Posted at 06/10/2022 07:02 by skinny
Exclusive agreement with Magna & US$65m investment.

Seeing Machines enters key collaboration with Magna, includes US$65 million investment through an exclusivity arrangement and convertible note

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, is pleased to announce an exclusive collaboration agreement ("Agreement") with Magna International ("Magna"), to pursue driver and occupant monitoring system business targeting the vehicle's interior rear-view mirror. At the same time, Magna is also providing significant additional investment in the Company through a Convertible Note.


- Seeing Machines and Magna will exclusively co-market driver and occupant monitoring systems targeting the interior rear-view mirror

- In return, Magna has agreed to invest US$65m into Seeing Machines via an exclusivity arrangement payment of US$17.5m and up to $47.5m through a Convertible Note maturing in October 2026 and having a conversion rate per ordinary share of 11 British pence

Paul McGlone, CEO of Seeing Machines commented: "We are extremely pleased to see Magna's investment as we work closely together to win market share targeting the interior rear-view mirror and grow our mutual businesses. Seeing Machines is now funded to deliver on our current business plan and we look forward to focusing on achieving significant growth across each of our target transport sectors."

Under the terms of the Agreement, subject to certain exceptions, Seeing Machines and Magna will exclusively co-market driver and occupant monitoring, solely where the Company's IP is fully integrated inside the rear-view mirror, until the end of June 2025. In return for Seeing Machines granting exclusivity to Magna for the mirror, Magna will make an upfront payment to Seeing Machines of US$10m, with an additional US$7.5m payable over the following 2 years.

At the same time, Magna has also agreed to invest up to an additional US$47.5m into Seeing Machines via a non-transferable 4-year convertible note maturing in October 2026 (the "Convertible Note"). The Convertible Note, which can be drawn down in two tranches across the 4-year term, subject to the satisfaction of certain closing conditions, is convertible into ordinary shares at a price of 11 British pence per share. The first tranche, being US$30m, will be drawn at closing with the remainder available until December 2024. The Convertible Note has an all-in yield of 8%, inclusive of fees.

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 .

"As driver monitor systems start to become more standard safety technology, we see a lot of potential to lead the change with our integrated driver and occupant solution, an industry-first when it hits the market," said Sharath Reddy, Senior Vice President Magna Electronics. "Our solution addresses growing automaker challenges associated with managing vehicle electronics integration and cost, with the need for seamless camera packaging across a diverse line of vehicle models. It also opens up new possibilities for the integration of other ADAS vehicle technologies."

As previously announced, Seeing Machines has worked with Magna to help deliver integrated mirror technology to the market.

The rear-view mirror offers an effective cabin camera position and field of view for both driver and occupant monitoring for many passenger vehicles, enabling OEMs to meet the Euro NCAP and regulatory standards associated with driver distraction and impairment. The mirror is also suitable to support expanded interior occupant view which will enable a range of safety and convenience features inside the cabin.

Given over 60% of Seeing Machines revenues are in US Dollars there is a large degree of natural hedge in place and Seeing Machines will begin reporting in US$ from the start of the current financial year.

The person responsible for this announcement is Paul McGlone, CEO.

Posted at 09/5/2022 07:29 by jimmladd1
Released 07:00:05 09 May 2022RNS Number : 7000KSeeing Machines Limited09 May 2022 Seeing Machines Limited 9 May 2022 Seeing Machines announces collaboration with new state-of-the-art optics technology company Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has entered into a strategic collaboration with a technology startup that specialises in image-sensor and optical systems design, in order to create an anticipated step-change in the performance of cabin-monitoring technology. The Company has obtained a world-wide perpetual exclusive licence which applies to both automotive and aviation market sectors, for A$5m payable over three years, in order to access and customise the optical technology to the specialised field of cabin-monitoring. The technology licence falls under the Company's "embedded systems approach" that recognises the value added through iterative "co-design" of (i) algorithms, (ii) processing IP and (iii) optics IP, whereby each element is optimised in the context of the other. Applied consistently over time, the systems approach has yielded a technology portfolio that can be used to build cabin-monitoring products that show distinct reliability, accuracy, power consumption and cost advantages. The addition of the additional optics IP to the Company's technology portfolio is expected to significantly enhance the reliability of core safety features of cabin-monitoring systems as well as opening the door to new forms of in-vehicle user experiences. Ultimately, the licence is expected to improve the probability of winning new automotive awards, whilst simplifying the complexity and cost of delivering to the most demanding customer requirements. In the future, when the technology is deployed into vehicles, sales royalties may be payable to the licensor. At this time, the details of the optical technology cannot be revealed due to multi-year development timeframes and the need to maintain secrecy and protect the Company's IP. Paul McGlone, CEO of Seeing Machines commented: "Seeing Machines vision, processing and optics experts are continually evaluating technologies that may influence or disrupt the cabin-monitoring market and have identified and carefully validated a technology that we believe will play a key role in the future of modern vehicles. "We look forward to revealing more about this technology at the right time. For now, we have work to do to deeply integrate this technology into our stack and will be working closely with key customers preparing and fine-tuning our next-generation of cabin-monitoring systems." Enquiries: Seeing Machines Limited+61 2 6103 4700Paul McGlone - CEOSophie Nicoll - Corporate Communications Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)+44 20 7710 7600Alex PriceNick AdamsRoss Poulley Lionsgate Communications (Media Enquiries)Jonathan Charles+44 7791 892509 About Seeing Machines (AIM: SEE), a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines' technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators. The technology spans the critical measurement of where a driver is looking, through to classification of their cognitive state as it applies to accident risk. Reliable "driver state" measurement is the end-goal of Driver Monitoring Systems (DMS) technology. Seeing Machines develops DMS technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation. The company has offices in Australia, USA, Europe and Asia, and supplies technology solutions and services to industry leaders in each market vertical. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END MSCEAKSPEEDAEFA
Posted at 28/2/2022 14:21 by tarrant77
If PM is in the UK to make Institutional Investor presentations, and is as bullish with them as he was during the recent interview, this share is only going one way-unless that megalomaniac in the Kremlin starts throwing nuclear weapons around-in which case the SEE share price will be the least of our worries.
Posted at 22/2/2022 19:17 by mirabeau


Growing broker coverage for Seeing Machines

22nd February 2022

Seeing Machines is picking up more broker coverage from quality analysts as it nears an inflection point from growing license fee income from autos and trucks. Berenberg today issued an initiation note with a ‘Buy’ recommendation and a price target of 12p, while Peel Hunt has also tipped SEE.

Berenberg 12p target

While Berenberg’s price target is quite conservative, the arguments and conclusions contained within the note were reassuring as they confirmed that:

Seeing Machines has the “best-in-class DMS technology among peers”.
Aftermarket (Fleet) product is a hidden gem. “Guardian…is considered a top product by customers such as Shell, Caterpillar and National Express, who say it has significantly reduced their traffic accidents and cut their transport insurance premiums.”
Stellar growth from auto license fees is a near certainty. “As we expect royalty revenues to more than double yoy from 2022E up until 2025E (c113% CAGR), we see an inflection point for the OEM business and for SEE. To top it off, all the revenue projected up until 2024 has already been awarded (ie as long as the cars are manufactured, SEE will hit these revenue forecasts).”

This extract from the Berenberg note is worth quoting at length:

“OEM business (c60% of 2025E sales) at an inflection point: SEE receives royalty revenue each time a car using its DMS technology is produced. We expect this revenue to more than double every year from 2022E to 2025E (c113% CAGR) based mostly on contracts already awarded. This is, however, assuming just a 33% win rate for SEE and a c25% drop in per-car royalty revenue over 2022-25E. Our channel checks provide a high level of confidence that the group has unparalleled DMS technology, with capabilities to power other smart car features as well (eg occupant monitoring), which along with the regulatory tailwinds mandating DMS should bring about an inflection point for the group’s OEM business. In a blue-sky scenario where SEE has a higher win rate (60% by 2025E) and maintains pricing power (by releasing more features), we see c65%/95% upside to our 2025E group base-case top-line/gross profit estimates. With SEE winning 46% of recent bids, the blue-sky scenario is within reach.”

Note that in its base case for 2025, Berenberg has sales at A$137m and gross profit at A$84m.

In the blue-sky case, Berenberg has sales at A$225m and gross profit at A$163m.

Personally, I expect upward revisions to this very soon as my base case is 70%.

Peel Hunt tips Seeing Machines

Separately, Peel Hunt analysts in their regular ‘Tech: Bits & Bytes’ note recommended Seeing Machines as “a pick-and-shovel play for the smartification of transport”.

They added: “Seeing Machines is finally starting to see non-NRE OEM revenue’s come through. As the OEM engagements evolve, ARM-like high margin royalty revenue streams should unlock for Seeing Machines.”

Seeing Machines now has broker coverage from Stifel (house), Cenkos, Panmure Gordon and Berenberg, while it is clear that Peel Hunt is clearly following the story closely. As Seeing Machines picks up more auto contracts and grows fleet, not to mention Aviation (and possibly starts to move into other markets, such as marine), I believe this will re-rate.

Yes, SEE is well down with market jitters. Yet, I’m more convinced than ever that Seeing Machines is likely to be the subject of a bid within the next few months. There is no need for it to show a profit as the coming revenues and profits are clearly coming as license fees ramp up.


As to Ukraine, I think there is scope for negotiation that will reduce tension provided the US and NATO stop trying to bully Russia in its own backyard, using Ukraine as a stick (though that stick got a bit smaller yesterday). Tariq Ali has written great analysis in the New Left Review that puts the recent moves in perspective – though you won’t see him being interviewed on any mainstream media news outlet in the UK.

I’m certainly concerned about a proper stock market crash later this year, as inflation concerns give way to deflation and the growing realisation that only debt is holding the wider stock market up. So Seeing Machines, my advice is to get the deal done by June.

The writer holds stock in Seeing Machines.

Posted at 22/2/2022 10:14 by tarrant77
Hazi, of course I recognise that world events are currently having a negative effect on huge numbers of shares-but in truth the SEE share price has been (disappointingly) softening ever since the oversubscribed placing at 11p-and as Zero just commented, belief in the company does appear to have slipped-the reason being, in my humble opinion, the absence of any confirmed 'wins', many months after the company claimed to be being almost overwhelmed with RFQ'S. Sadly, as Zero remarks, any positive statements from the company tomorrow will almost certainly be almost totally ignored.
Seeing Machines share price data is direct from the London Stock Exchange
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