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promoting solipsism......wtf!
why dont you just say 'are you taking the ****'đ
anyway, who cares about cars on the road, which is truly a horrible metric to keep using....very much like the company is trying to hoodwink the market.
problem is that the market are no longer buying it but how much longer will the shareholders....there has to come a time when you say enough is enoughđ€·ââïž
this is your money, dont be scared to call for change, they have made themselves multi millionaires at your expense......they wont think twice about wiping you out.
hard luck.....thats the way it goesđ
Glandore,
To cut a long story short, you have no idea what the auto numbers will be and aren't willing to make any predictions. That's fine.
Maplinman,
A couple of days ago you were bemoaning the lack of projected numbers from other posters about SEE volumes.
So I looked back at numbers I had crunched to estimate the curves and volumes SEE gave us over the lase few presentations and the result is SEE are nowhere near their own projections. And then I thought how could I possibly know the numbers SEE will produce in future Quarters/years when four months later they can not even explain their own Q2 DMS "Disappointing" number. If they don't know what happened in the past they (or I) certainly don't know what will happen in years to come. The exercise would be a study in futility.
However there are two numbers I can estimate - how many Cars they need to add annually to break even or how many Trucks they need to add to their Guardian monitoring to breakeven. You can mess about with how many of each is likely.
In the 12 months of 2024 they made a loss of approx US $30m.
To change that to a breakeven number using US$11 DMS per vehicle and 80% Gross margin (US$8.8 margin per car) they would need to install DMS in 3.4m Per annum or 850k per Quarter more than they did in 20024 which was about 1m - so about 4.4m DMS per annum or 1.1m per quarter.
To Breakeven using Guardian (@âŹ400 per annum monitoring) and 80% Gross Margin (US$320 Margin) they would need an additional 93,750 Guardian installations per annum or 23.5k per quarter approx.
People can play around with various combinations of the above numbers - say 2.2m DMs and
47k Guardian for example would get them to Breakeven all else being even.
But there are so many variables and the info we are getting is so opaque and generally inaccurate more detailed analysis is pretty pointless imho......
Good afternoon and greetings to all , remember that CFP you are our favourite poster , , Mrs B Good is down at Aintree with the Scottish contingent , supporting Corach rambler , the talk around the Cristal Champagne outlet seems to be all about Kitts Light ( slight worry about the going ) and Galia Des Liteaux for the Skeltons , as always have A GOOD day
are you promoting solipsism?
buffet says "tell me about your competitors"
one reason to invest here is the visibility of the market and the key players.
if you accept there is a market, now or future, for dms then the question is: who takes what share?
so, sorry i don't get your point.
everyone on here is ****ting on pmg & see. fine. so if they are losing where are the winners? because seye are certainly falling down a hole in reality.
Why keep comparing with seye? It makes no difference to us, if all their share holders sold out and bought shares in see it wouldn't even touch the sides with our 4bn+ shares
Isb is totally on point . If what P McG had said was what happened then it would be a different story and none of us would have anything to complain about
It would be a flame thrower Iâd use rather than a 4 iron
Wow.....check this out, looks like I can start a recruitment drive anytime and all positions filled no botherđȘ
That said, leave Sophie out of this....its down to PMG to get the revenue up and MI to get the cost of doing business down.
They are getting very well renumerated to do exactly that....its time the telegram group asked for a meeting, someone with a bit of gumption for the company to invite over to OZđȘ
I would nominate Baxter but he might smash up the place with a 4 iron and Im not nominating Lewbo as i think he would enjoy the hospitality of fine dining and wine to muchđ
Terry is too likeable and Sipps too patient so its got to be HAGD and his wife....he might even bag us a few horse tips along the wayđ€
Thinking about it - SEYE have surely got this right. The important thing is to market their shares and not worry about the actual business because after all you can always change the CFO again.
Sad how SEYE's share price keeps falling. Now 78.
Must be another equity raise coming at SEYE.
SEYE's Q1 auto numbers were a shocker.
If you think SEE is not doing well, where does that leave SEYE? SEYE's auto sales are tiny - strip out the NRE revenue and you have to say that SEYE look like they have a problem actually selling their DMS software.
This needs 1m+ per qtr on the KPI's and 1bn in future contracts before this SP is shifting and I don't see either of those happening imminently. I'll let you decide what I mean by imminently.
Maps;
Cash flow breakeven is a forecast - hasn't happened yet. However, I believe they originally stated the first half of FY2025, but I think in the investor meet Q&A's PM has gone more broad by stating "during FY2025" so it has already been pushed back, not surprising since over the last few months they didn't get costs down to what they needed to on a monthly basis.
Aviation deal happened 3 years, yes 3 full years after PM used the word imminent. I bet if Family Fortunes asked 100 people what the definition of imminent was, none would say 3 years. Whilst we are on Aviation though, where is that 330 plane and 30+ simulators contract PM mentioned nearly 2 years ago to a group of Italian II's?
Magna deal - is that the one where PM stated nearly 2 years ago that 3-4 auto RFQ's were for the mirror location - now if that was true where are they? Should I mention PM's comments here about Qualcomm? "contracts of significant value and in addition to what they are already working on" - something along those lines wasn't it?
Gen3 being sold - is that the Gen3 that was launched late and also the one where according to PM we had a RFQ for over 100,000 units and we were the only ones on that RFQ? Where is it? And come to think of it "being sold"? you mean those pitiful contracts mentioned at launch in January? we are 3 months on and nothing. They had at least 12 months building up to this in which time surely they would have had customers trialing prototypes etc... - what is the salesteam doing! I hope their salary isn't mainly commission based otherwise they aren't going to be earning a lot.
3m cars on the road by the end of this calender year? You had better hope that there are no more surprises to PM in relation to the qtrly KPI's - to be fair I'm not aware of PM actually predicting a number of cars on the road so he can't fail on that. I just hope Colin didn't mean that SEE has lost the Ford-150 and Mach-E to SEYE otherwise the VW increase will probably just balance out the loss from Ford so there will be surprises all around with minimal growth over the next KPI's
So what else has he said;
Oh yes his market cap prediction by the end of 2024 - yes he has not failed on that yet, but given the market cap is significantly less than it was when he made his prediction I don't think it is going to more than ten fold in the next 8 months - and yes Lewbo "adding a 0 onto the end of the market cap" usually means a 10 fold increase rather than going from 255m to 260m. That kind of increase in market cap either means the SP has gone up significantly or the number of shares in issue has. Perhaps that's what he means, perhaps he was trying to highlight to us that they will need to do another share issue to increase the number of shares whilst hoping the SP wouldnât drop as part of that share issue?
A couple of RNS's and the SP will rise? - what like it has done for all the RNS's over the last 2-3 years including the Magna VW de
Haha, usual drivel. We've had the RNSs, it went down!
Lot of sensitive folks hitting report here.
Cash flow breakeven on a monthly basis is forecast for FY 2025. See's Pat Nolan delivered the aviation deal, PM got us a great investment from Magna along with the rearview mirror. We have Gen 3 being sold and are going to hit 3m cars on the road this financial year imho. As usual you're spouting without having done much research.
Sir Alf Ramsey came in for a lot of stick before England won the 1966 World Cup. Nervous nellies need to stick with SEE as they are the World Champs at DMS.
A couple of RNSs and the price will rise. This stock is far less risky than it was 6 years ago when Bosch wanted to buy it.
Marketing is not the issue - the issue is PM with his over promise and under deliver strategy.
The market wouldnât be looking elsewhere if PM had delivered the things he has spouted out of his mouth.
Because he hasnât delivered no one believes him now when he comes out with timescales for breakeven or market cap projections by the end of 2024.
If he was a premier league manager he would have been sacked by now!
Soz updated url
https://im-mining.com/2024/02/08/cat-dss-evolving-and-growing-rapidly/
Hi chat board saw this from Cat - shows some interesting developments including rail.
https://im-mining.com/2024/02/08/cat-dss-evolving-and-growing-rapidly/&sa=U&ved=2ahUKEwiEo43F17iFAxXl6wIHHUn1ALEQFnoECAgQAg&usg=AOvVaw0YqUuPWnuqWbYXHqNV9_hb
When the little-known pharma firm Redx announced plans to delist from the London Stock Exchangeâs AIM market last week, it issued a familiar refrain.
âDespite completing some of the largest AIM capital raises for biotech companies in recent years, Redx is still liquidity constrained on AIM,â Jane Griffiths, chair of the board, said in a statement.
âAs a result, we believe our current market valuation is not reflective of our track record or future potential and is not conducive to raising the level of capital required for our growing clinical portfolio.â
Redx is trading down nearly 93 per cent from its flotation price in 2015, not helped by the sharp fall triggered by its announcement last week. But rather than being an outlier, the tale of RedX has become an all too familiar one for Londonâs beleaguered bourse.
The number of firms listed on AIM has cratered 30 per cent from 1,104 to just 742 since Redx debuted in 2015. Last year alone, AIM suffered 78 cancellations and a further 15 in the opening two months of this year.
This seemed to have ramped up in recent months, as just today, London-headquartered e-therapeutics announced it was leaving the exchange for Nasdaq, citing a âlack of UK institutional interestâ and ârisk appetiteâ.
Alasdair Haynes, chief executive of challenger stock market Aquis, said: âThe London stock exchange is all about winning todayâs unicorns, but AIM should also be about getting growth businesses. The problem that I think they have is that their model really hasnât changed for 30 years.â
According to data from the London Stock Exchange, just ten new firms have floated on AIM since the start of 2023.
Meanwhile, takeovers of AIM companies have jumped 75 per cent just in the last year, reaching their highest point in 12 years. Some of the 35 included the buyouts of Hotel Chocolat and asset manager Gresham House.
The London stock exchange is all about winning todayâs unicorns but AIM should also be about getting growth businesses. The problem that I think they have is their model really hasnât changed for 30 years.
Alasdair Haynes, CEO of Aquis
The numbers underscore the existential crisis currently facing Londonâs junior market and the challenge facing policymakers and regulators in reviving it. Like its bigger sibling, AIM has been rocked by the volatility that has shaken the public markets, but its issues run far deeper than a momentary downturn.
Cash has been flooding out of UK-focused stock funds in recent years, losing ÂŁ14bn alone in 2023. This has dragged on firms at the smaller end of the market and spurred a wave of opportunistic dealmaking.
Liontrustâs Anthony Cross, who manages one of the only funds that invests in AIM companies, said that while takeovers and moving to the main market are positive developments, even those choosing to delist is ânot always such a bad thing as long as existing shareholder rights are not abusedâ.
âW
And head of PR Sophie doesn't even return messages... or if she does, it's after an incredibly long delay!
Sad, really.
snippet
aim is******.
sure if on nasdaq may be double or treble already.
not many usa fund managers would bet a bean on aim iam sure. even mostly not allowed to. need this on a decent platform and stable over $500m mcap to wake up ppl
Totally agree
Their marketing needs a complete overhaul, no one know what Seeing Machines does or who they are outside of this arena they play in. Huge scope to leverage of big brands like BMW, Mercedes Magna Collins Aerospace etc.
The best person by far has been Colin Barnden who has been banging the SEE drum but lots more needs to be done.
I look at some of the social comms for Seeing Machines, and it has virtually zero reach. You Tube videos with a few dozen views etc.
It shows how much potential there would be for a proper awareness campaign, if someone invested a bit of attention to it. However, at the end of the day, the product is strong enough and eventually hard numbers will matter.
In the meantime, this board is one of the only ways the public can find out about SEE - and why the usual suspects here spreading negativity and fear have an outside influence on how this company is perceived.
The solution....sort out the marketing. It's an open goal. AI, electric cards, major clients...sort it out.
Maplinman - These are my figures for cars on the road. I have plotted the last 9 figures and applied a polynomial trend line. The graph predicts the next set of results will be 1786996. obviously my graph does not know about BMW or VW so may well be better
Q2 Q3 Q4 Q1 Q2
9 10 11 12 13
1,528,208 1786996 2067796 2370608 2695432
Great post. thanks!
Https://www.youtube.com/watch?v=wGlTZrZ1d8k
https://www.youtube.com/watch?v=8JjYg1I4bp4
I believe more will follow