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So if they have won $2bn in new wins since Jan and allowing for lead times I can only conclude its Snap4 or Snapride wins, which would include SM
10-8 = $2bn of wins since end January...
Now
https://www.qualcomm.com/products/automotive
"Today we’re at the center of the global automotive ecosystem, and with an automotive design-win pipeline of approximately $10 billion"
26th Jan
"Qualcomm Technologies’ integrated automotive platforms are driving leadership and growth across telematics, infotainment and in-car connectivity, with an order pipeline of more than $8 billion."
https://www.qualcomm.com/news/releases/2021/01/26/qualcomm-revolutionizes-digital-****pit-4th-generation-snapdragon
The new digital ****pit platforms will target start of production (SOP) in 2022. The broad automotive ecosystem can evaluate, demonstrate and develop solutions with the 4th Generation Qualcomm® Snapdragon™ Automotive Development Platform (ADP), which is expected to be available in the second quarter of 2021 (Q2’21). Â
27th Jan 2021 RNS, it should be noted our business plan update to include QC hasn't been released yet
"Our path to integration with Qualcomm Technologies' Snapdragon Automotive Platforms has been designed to leverage our unique systems knowledge and safety focus in a way that supports complete flexibility for Tier-1s and OEM customers as safety and convenience features become more expansive and complex across high volume and diverse vehicle platforms. We expect this engagement to deliver significant incremental volume on top of our existing business plan."
What was it Paul said... Qualcomm are a very big company and we are by definition a very small company so the impact on us (business wise) will be very significant.
For a $148bn company to SELECT us as their DMS/OMS partner, not just to use our IP bit to EMBED that IP into Qualcomms silicon, which is their strategy for Snap4 and Snap Ride is... Quite frankly mind blowing for anyone that understands the industry. When QC announce, it isn't SEE announcing, its QC and we are part of that.... Remarkable really.... DYOR
Come on maps.....get with it son and less of the ramping!
Qualcomm will not be revealing anything next month or in the next year, best see can hope for is that a few more logistics companies latch onto guardian to save the companies skin because thats a huge market cap with not a lot to show for it.
I cant see much coming from fleet in the next 3 or 4 years to be honest and pmg knows it....he is buying time with these forecasts and barden/menon know it very well.
Ask yourself why no-one is ever named....because they want to keep it a secret hehehe.
I never realised that automobile companies are the only ones in the world that when adding a great new safety feature to their product....they want to keep it a secret!
Pull the other one....its got bells on:)
Maps - I wholeheartedly agree but that’s a big IF. True value and the re-rate will only come when the market finally gets confirmation we’ve won the business and has to accept we’ve moved on some from the university spin out mantle we’ve not been able to shake off. But like all of us I don’t want any bids before then that undervalue the size of the prize!
I love the sentiment Soulboy. You are aptly named.
My belief is that if Qualcomm reveals all the business they and SEE have won in November, it then becomes crystal clear that SEE will be a A$1bn turnover company by 2025. Huge regular, predictable revenues and profits are a heartbeat away and insiders must know this even more strongly than most investors here.
At the point that it is communicated to the market via confirmed contracts, the SEE share price rerates and a world of possibilities becomes possible. With the sort of PR SEYE pumps out this would already be 25p+. For instance, if handled skilfully with actual figures supplied, the Shell RNS could have doubled the share price.
What needs to be remembered is that the moves that are coming have taken 20 years to come to fruition. Enough of caution and patience. It's high time the value of Seeing Machines IP was recognised. We just have to pray that the fund managers holding this stock are smart enough to realise the intrinsic value of this stock. I'm sure Katie Potts does.
By some accounts SEE's tech is a damn site better than Mobileye's was when it was bought by Intel. Maybe Colin could opine on that sometime.
I love this company, I love Colin Barnden and Chris Menon , I love the research and enthusiasm of my fellow shareholders and I love living the dream of this being THE share and all the rewards future growth will hopefully bring but can we ( and Safestocks) stop willing an imminent takeover please. Nobody but nobody is going to pay a Mobileye size $15bn ( £3 per share) for a £30m turnover company not yet making a profit with any yet to be announced pipeline deals. We absolutely need a couple more years for our value to accrue in order to be taken out at anywhere near that value. Remember Mobileye’s turnover was US$ 400m + when they first IPO’d - I’m really happy to bide my time here rather than be on the end of a low ball bidding war - let’s be patient it’s definitely coming but not just yet!
I must say you should read the previous write ups on safe stocks at the same time as the latest one.
They are all very positive and we are all sitting here patiently, well nearly.
Qualcomm’s arm was twisted to buy veoneer because they had a offer on the table, perhaps it will take someone else putting a bid in for us which triggers them to bid. A battle between 2 or more players would be most welcome, especially at the prices safestocks speak of.
Excellent work 2020, love the enthusiasm for this share Just brought another 1000 quids worth one of my smaller buys but it all adds up
Bidders circling Seeing Machines?
By the way, I’m still of the opinion that Seeing Machines is very likely to receive a bid from Qualcomm very, very soon. Indeed, one fund manager recently rang me to ask about a rumour he’d heard coming out of the US, regarding a possible takeover of Seeing Machines. He didn’t mention who it was or his source but, if I was Qualcomm, I’d get the ringer on Seeing Machines finger fast.
CES might be the perfect opportunity to announce the betrothal to the world. (I also believe SmartEye will also get bought in due course).
My logic? I just can’t imagine that Qualcomm can risk SEE’s tech falling to anyone else, given its importance to its auto stack offering. Look at how it outmaneuvered Magna to get its hands on Arriver. Certainly, Apple or Alphabet have the potential to outmuscle Qualcomm, as they must also know its potential worth. Therefore, I believe a lot of wooing is going on behind closed doors.Â
By the way, has anyone dared tell Elon Musk that buying Seeing Machines might get Missy Cummings off his back?
My advice to Seeing Machines: “Don’t sign any pre-nup until you’ve seen the size of their respective wallets. You’re worth at least £10 billion!”
https://www.safestocks.co.uk/
"I believe Qualcomm is set to unveil a host of auto RFQ wins before Christmas, with Seeing Machines DMS/OMS in them. And yes, I’m convinced SEE has won Toyota and VW — I just can’t prove it. Certainly, I don’t hear SmartEye mentioning either company.
Regarding fleet, I believe the global Shell deal is set to be huge. I’ve heard whispers that it could be a caterpillar-style deal, with upfront revenues that will bring forward break-even. Though, with Shell in a quiet period, I can’t confirm.
Moreover, See’s fleet arm is making money, while SmartEye’s nascent fleet offering is still pre-revenue! "