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No!!!
Https://www.ii.co.uk/analysis-commentary/four-aim-shares-are-potential-bid-targets-ii531587
Seeing Machines (SEE)
Share price: 4.585p
Market cap: £190.6 million
Driving safety technology developer Seeing Machines Ltd
SEE
3.71%
has spent decades perfecting its technology and it has been winning contracts to supply it to automotive manufacturers. Revenues from those contracts have started to build up and the company is moving towards profitability.
Seeing Machines says the number of vehicles on the road using the company’s technology has more than doubled to more than 1.5 million units. The cumulative initial lifetime value of 17 programmes with 11 customers is $366 million, and most of these revenues will be booked by 2028.
The share price is well off its high in 2021, let alone the all-time high in 2018, and the share price trend line is still heading downwards. Yet, the company should reach cash breakeven during the next financial year.
However, loss-making technology companies are not in favour, currently. That is why it has been difficult for the share price to make a consistent recovery despite the contract wins. The forecast loss for the year to June 2024 is nearly A$25 million. Next year the loss could be little more than A$1 million before a move to a pre-tax profit of more than A$17 million in 2025-26. Profit should grow as more contract programmes mature.
Chief executive Paul McGlone has been exercising options, some of which were priced at 5.4p/share and 5.09p/share, which is well above the current share price suggesting he is confident about prospects. The finance director has also been buying shares at an average price of 4.42p each.
An automotive components supplier could find Seeing Machines an attractive purchase now that much of the risk has been taken away due to the contract wins. There is already a collaboration deal with Magna International Inc
MGA
3.20%
to develop occupant monitoring via the rear-view mirror. Canada-based Magna also has a $47.5 million convertible note, which is convertible at 11p a share. Magna is certainly big enough to make the acquisition of Seeing Machines a realistic possibility as results improve.
Baxter,
Your ironic wit is wasted here, try the telegram group, they won't even spot the irony.
Oh oh, one of the rampers has stole Baxter’s phone.
The 2 analysts offering 12 month price targets for Seeing Machines Ltd have a median target of 13.56, with a high estimate of 15.16 and a low estimate of 11.97. The median estimate represents a 195.81% increase from the last price of 4.5
https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=SEE:LSE#:~:text=Share%20price%20forecast,the%20last%20price%20of%204.59.
Steady on Baxter, posting positive news?
Be called a ramper next week ;)
Have a good Bank hol everyone, lets hope next week the results come and are looking good :)
This is ridiculously undervalued.
Https://www.ii.co.uk/analysis-commentary/four-aim-shares-are-potential-bid-targets-ii531587
Hopefully Stifel & Peel will be proactively encouraging their clients to buy & will be buying for clients discretionary portfolios -if they believe we are currently worth 3 X + our current SP.Paul & Martin have conviction & perhaps others are awaiting the imminent KPIs before taking the plunge due to caution about the KPIs being below expectation.
Enjoy the drizzle ( & drivel) this weekend !
2reincarnated, Are you stupid fool.
Lets hope someones listening....
Adding the shares are undervalued at present, Stifel says the shares are worth 15p and investors should take advantage ahead of approaching European regulatory deadlines.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has received some good feedback for the latest contract extension for its driver-monitoring technology.
Stifel notes that the extension, until 2023, is worth US$26 million and brings the cumulative initial lifetime value of its automotive programmes to US$392 million.
Adding the shares are undervalued at present, Stifel says the shares are worth 15p and investors should take advantage ahead of approaching European regulatory deadlines.
Peel Hunt also sees the extension as underlining how the ‘initial lifetime value’ of its current order book is the minimum it can make its current partnerships.
The company is bullish that it will see a deepening of the current relationships across new models for many of its contracts.
“Overall, we view this as a positive step forward for the firm.”
Separately, Seeing Machines announced that Martin Ive, chief financial officer, has bought 107,313 shares at 4.41p and 79,478 at 4.43p.
https://www.proactiveinvestors.co.uk/companies/news/1046692/seeing-machines-contract-extension-underlines-order-book-strength-brokers-suggest-1046692.html
You remind me of article I read recently about IQ levels plumetting.
You remind me of Surface Transforms, they did one yesterday at 1p!!
Definitely seen a vast improvement in the comms & marketing department.
Hope the penny has finally dropped that we need to start aligning ourselves with our huge & extensive partners.
More on SEE & Mike @NCAP2024
Mike Lenné represented #seeingmachines at the inaugural #NCAP24 conference in Munich last week speaking about the importance of Occupant Status Monitoring, Euro NCAP - For Safer Cars, Vans & Trucks demonstrating 2023 #protocols for cars and our path to 2026. It was a perfect setting to meet with key stakeholders of the Global NCAP community, government, and #automotive customers and partners, and we welcomed the announcement from Trucks Euro NCAP as they begin the introduction of #safety protocols targeting #heavygoodsvehicles.
https://www.linkedin.com/posts/seeingmachines_seeingmachines-ncap24-protocols-activity-7192025104397033472-khtI?utm_source=share&utm_medium=member_ios
We will really need to consider your eligibility for the yacht party if this continues
…. and the clowns on telegram are talking about £1 again.
Why? - well because Magna have won an award, yes that’s right not a contract just an award.
Ive has bought some more shares - it didn’t help last time so why will it help this time
Oh and a contract which is worth 26m between now and 2030 - wow! on average 4m a year.
Oh and let’s not forget good old Mike has posted on LinkedIn - can’t believe that alone hasn’t doubled the SP!
Let’s not forget that they have predicted circa 130m in 2026 - that’s two years away and about double today’s position. We will be lucky to be at 10p in two years not £1
Whats his game....pumping his pocket money in here, maybe that's all the wife will allow him✋
Anybody think he is going for the sympathy vote because he cant get the numbers to work, i can see a classic u-turn on the cards at the next set of results....watch the number of guardian systems on the shelf increase 10 fold😂
I would add
ARM Holdings
Nvidia
Mobilleye
All coming together, more exposure for SEE
Seeing Machines, a leading in-cabin sensing solutions provider, selected Ambarella’s CV25 AI SoC for their next-generation aftermarket driver monitoring system (#DMS)—Guardian Generation 3.
Paul McGlone, CEO of Seeing Machines, commented: “We selected Ambarella’s CV25 SoC because its industry-leading AI performance per watt allows Guardian to be installed on the windshields of trucks, buses and other commercial vehicles operating in challenging environmental conditions, ensuring reliable performance when it’s needed most.”
The CV25’s flexible AI engine also enables Seeing Machines to deploy their latest algorithms for in-cabin solutions and provides a path for future upgrades with newer AI models.
Read Seeing Machines’ Guardian Generation 3 announcement, here: https://ow.ly/JRWb50Ruzn5
And learn more about Ambarella’s CV25 AI SoC: https://ow.ly/k1o150Ruzn6
#AMBA #AIenvisioned #Ambarella #SeeingMachines #Guardian #Autotmotive #AutonomousVehicles #AI #DriverMonitoring #Innovation #Technology
https://www.linkedin.com/posts/ambarella_dms-amba-aienvisioned-activity-7191814217853747200-mlEg?utm_source=share&utm_medium=member_ios
Baxter
Remember ive said it on here a few times. New tech/business models takes time to be understood.
Apple
Netflix
Amazon
Microsoft
Tesla
Airbnb
Apple was under $1 from 1984-2004
Only 2005 did it start taking off and 25x bagger after 7 ytrs, 33x bagger after 10yrs and now 171x bagger
Baxter
Aim is a dog
Lack of PR and Association news -- hopefully changing
Not in profit yet--hopefully changing
New industry no benchmark to go against--Market dont know how big the market is
Wars, economic uncertainty
Inflation
ramping up the numbers and profit most important--hopefully changing
with all the numbers you quoted earlier. truck and auto installations now compared to when we hit 13p. yes aim is dog**** . yes we’ve had a few dilutions. yes there’s been china flu and wars. but why the hell does the market value us so poorly? what are we missing?
Baxter
Thats why i sold £10k SEYE and bought SEE earlier in week at 4.1-4.2p.
Exciting times ahead