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The new Golf 8.5 starts rolling of the production line today.
You can now use the configurator on the VW website.
The base model (and all other models) includes this "Advanced driver attention & drowsiness monitor" so that's our tech in all models of the best selling car in Europe over the last number of decades.
So perhaps Paul and the team have been busy ensuring their biggest win to date gets to SoP.
Great news for an genuine holder.
Hopefully all those that believe SEE can do no wrong and PG is doing a great job will migrate to the telegram group.
That will leave us this space to actually talk about the share, warts and all, see things as it really is. Praise when it merits praise and criticise when it merits.
When share price is falling I prefer to say that it is falling and not instead think that it is a godsend and an opportunity to buy more. If PM tells me that X will happen at such a time, I would like to believe him. I will even give him the benefit of the doubt if if happens on X + 4-5 months but not at X + 1, 2 or3 years. If it did not happen I will like to call him out and not make excuses for him. If we can't trust his utterances then why do we then believe anything else he says, or do we just believe when it suits our narrative?
If he does not know, then he should keep mum. The issue I have is that his time scales is so far out that you wonder if he has a handle on what is happening at all. The irony is lost on some posters who when you say the CEO should do better , and the stock answer is why are you invested if you do not believe the CEO is doing a great job. Within the next breadth they will complain that the AIM market is so poor and lacks good valuation, you then wonder, if their reason is allied to their advice to you, why they are investing in AIM stock if they think that it does not deliver good valuation?
YES I am still invested solely because this company has a great product, I have however de-risked by moving 3 quarters of my investment elsewhere, but I still have a significant amount here. When I initially invested, I believed this stock was a shoe in, now I am just hopeful.
Borrowing the words on PM in one of his presentations a couple of years ago, it is now a question of delivery.
That is just my tuppence worth. No investment advice intended or implied.
I hope your getting down to confession on sunday chutz....you need to atone before its too late🙏
The good lord dont like rampers thats obvious but fraudsters go straight into the oven and no messing.....im ok because i have a good excuse😝
You must have enough material by now from your posts for a book.
I salute your pointless drivel
Same as it was 10, 15 and 20 years ago!
But the ones i feel sorry for are the poor folks who bought in at treble the price in 2018 only for the bod to start their cash grab.
A 25 year loss making company who have made their executive team multi millionaires with salaries and bonuses only......that does not include the free shares and options they have!
They should be ashamed, those who support them should be ashamed but they are hanging for grim death in the hope that someone will take them over.
Intrinsically, they are not going to make it unless they take a massive gamble but that will almost certainly end in failure then its goodnight eileen.
They're a basket case and nobody wants them.....shareholders had a chance back then but they were forsaken by the bod and are now being driven head first into the land that time forgot☺
Nicely managed if your were profiteering from it though😎
Maplinman,
A) you have no idea what the auto numbers will be
B) and aren't willing to make any prediction
A) is correct and therefore B) is the logical extension.....
However you missed the more important point of the post guestimating what volumes are needed for Breakeven - the first significant threshold for the company to reach from here.....
Will be anything from 50p to ££ join telegram. Say something even mildly questioning and warren will be on at you in his arrogant condescending manner and then you’ll be barred. Only join if you are a 100% Uber positive and don’t give a f*** that your investment is worth the same it was a decade ago
Does that link say Paul mcglone worship group?
Or the it's not all about the share price group?
Now you're just being silly. We don't all want to be happy clappy...
link=*************seeingmachines
sadly this group has turned into an average bickering aim discussion board.
any newbies or people who are genuine holders that want a grown discussion on the pro's and cons of sm should join the telegram group, link below.
*************seeingmachines
I’ve heard it all now Cfp.
Who cares about cars on the road? Yeh sales in any company aren’t important.
Next 2/3 TPIs should show what’s going on in auto & fleet. April to June should be the good one with vw and bmw ramp up.
promoting solipsism......wtf!
why dont you just say 'are you taking the ****'😂
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 enough🤷♂️
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 goes🙁
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 (@€400 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 I’d use rather than a 4 iron
Wow.....check this out, looks like I can start a recruitment drive anytime and all positions filled no bother💪
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 OZ💪
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 much😎
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 way🤗
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 wouldn’t 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.