We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I shouldn't have spoken so soon about ABDP, they've just announced a discounted placing. Still a good company IMHO to tie up with though.
Terry
AutoSense NZ expected to have 4000 guardian units installed by year end so I guess a lot of that will account for those numbers, hopefully that will be a yearly occurrence for them, there are over 100,000 heavy trucks in NZ.
Whatif higher end of that ties in with Paul mk2s recent statement, sounds good and accurate to me Tks.
Its up about 5.1m km per week. Someone said the average is 350km / day/ vehicle. If its over 5 days its 2085 new vehicles since 2nd feb or 2919 if its every day. So we are looking at 20 - 28 per day
What if How many new sales does that translate to?
ABDP :)
Made as nice little profit on these a few weeks ago. I sold them and put them into SEE. In some ways I should have left them as they have gone up even more nicely since.
I did mention them a few weeks ago on this board as a testing house that maybe SEE could get involved with, but nobody here took up on my comment.
Fleet recorded 30,349,556km last week
2020
Yes, one little rns to that effect would really make a difference.
https://axleaddict.com/auto-industry/largest-truck-manufacturers-in-the-world
Phil, SEE have been working on that for years, it will happen Number one truck manufacturer in the world is a company called Daimler AG, Volvo are number two.
It might be worth just putting it in the truck when we are building it?
https://www.seeingmachines.com/humanfactors/astc/
So it's confirmed Phil we will all be bloody rich and the ulcers sleepless nights and mental health issues, oh and eating gruel will have been worth it.
Wilson
Its all vehicles to be mandated with advanced driver distraction devices, it’s a given.
http://www.europarl.europa.eu/news/en/press-room/20190220IPR27656/safer-roads-more-life-saving-technology-to-be-mandatory-in-vehicles
Simulator Aviation And with 100 simulators built per Year it would be a nice little earner.
Wilson, Avaition is a kings ransom at $125k per unit, dont need to sell many for that to be a substantial business
I get the general opinion that auto is king, but if fleet gets legislation and G3, both distinct probabilities. Oh my giddy aunt!!
Mirabeau, ABDP is a good example of what could happen here very quickly They are forecasting £50m revenue this year and have a market cap of £0.5bn. We wont be far off £50m for FY20 and with the order book we will have by then £0.5bn market cap would still seem far too cheap.
I know ABDP work with Fiat Chrysler amongst others on auto-tech
Look at ABDP (AB Dynamics listed on the LSE). They do auto testing but they also focus on ADAS amongst other things. It's different from SEE but one can see what SEE might be able to achieve (financially) when DMS is embedded and embraced
ABDP's gone from 500p to around 2500p in 2 years.
It is my belief that the magnitude of SEE's placing was of a size that allows them to commercialise DMS. Restructuring Fleet was important but DMS is SEE's future (high volume, low cost, decent margins)...Fleet provides the real world, working example of SEE competence and product utility..SEE only have to point to their Caterpillar contract to show just how effective their product is.
We had a fleet update following the placing. I suspected that this would happen. I believe they have DMS news up their sleeve, which is what the market is really focusing on.
I think that the message from Ken is to move perception away from SEE is a great little research company with great ideas and a few leads that need further funds to work on ideas. We were that company but it needs a cash conveyor belt to feed it.
Now we are the company who is about to deliver on all those promises. Now the funds are required to get our products packaged up and our the door, so we can get paid finally. This visible bit is the D of R&D and we need the funds to support our many customers and their requests. They are still learning what is possible. Mike Lenne and Co. Won't stop the R. That is what will always keep us a generation ahead of the competition and our customers wants.
Mike Lenné from 9 minutes on, we are moving into a strong execution phase.
https://www.proactiveinvestors.co.uk/companies/stocktube/13128/seeing-machines-on-the-leading-edge-of-the-driver-monitoring-revolution-13128.html
R and D will be from VOC voice of customer, I believe there is only so far you can take it and mike also says the competition are just in the demonstration phase.
we need to capitalise now, we cannot ask for another fund raise this is it.
Is ken lying again? Listen to his opening sentence
https://www.proactiveinvestors.co.uk/companies/stocktube/12846/seeing-machines-talk-development-strategy-after-successful-capital-raise-12846.html
To paraphrase a little:
"we have to eat our own children to become stronger."
Our new products should always be stronger and take the market from our last. Then the competition is always chasing our tail.
Phil I don't think it's feasible to stop or severely curtail R&D, it's an ongoing process, continuously improving the offering. Regardless of how far we're ahead, taking a break is not an option for a 'high tech' company such as SEE is. Taken from another angle, Apple and Samsung or similar don't stop R&D, it's a continuous process. Hence, with SEE it has to do the same. Relax and the lead diminishes and may inadvertently vanish.