Member Info for AConceptIsABrick

Smart Eye today announced 12 new design wins from a new OEM customer. This brings the total number of OEM customers to 20 and the number of design wins to 229. The estimated value of current design wins is SEK4,865m and the value of possible (likely) design wins on already won platforms is SEK4,095m.

The customer is a "big Japanese OEM with global production". The main Japanese OEMs are Toyota, Honda, Nissan, Suzuki, Mazda, Mitsubishi, and Subaru - and we believe Smart Eye already holds design wins from Nissan and Mitsubishi. Just from being a "big" OEM, we believe it is either Toyota or Honda. Regarding "global production", Toyota definitely fits the description. Honda has production in the USA, Mexico, and Japan, so it could likely also be categorized as "global", though we are not certain.

Considering the high value of the design wins (SEK500m) from 'only' 12 models, we think the car models will likely have 100% take rate, i.e., default.

Considering that the total sum for design wins plus additional platform potential 'only' increased by SEK500m, it seems to include the whole platform. At the same time, we think the concept of car platforms is being loosened, and we are unsure if it can be defined as easily as it used to be. The reason why is the upbringing of the likes of 'digital chassis', as defined by Qualcomm. Therefore, there could be much more potential from 'neighboring' car models than the announced SEK500m. Smart Eye also states that it expects the value of the design wins to increase as more features are added over time.

The start of production, i.e., the start of revenue generation for Smart Eye, is said to be in mid-2025. This indicates that the customer either had a previous DMS supplier or that no new models are to be released within the EU between July 2024 until mid-2025 (because of EU General Safety Regulation that demands DMS on all new car models released from July 2024).

Redeye is obviously very positive about the news, as it cements Smart Eye as the market leader in DMS. For now, Redeye maintains its fair value range.

I too am confused by this statement by Redeye. I thought that the mirror solution had been tried and tested and was being fitted into VW. Do we 100% have another solution if Redeye are correct?

@isb - Where is this Stifel article mentioned in your post? Please post a link to it - as far as I was aware, Stifel have never published any SEE research reports…

What is the next piece of news people are hoping for, and to what timescale ?

Just bought 50k shares today…hoping this won’t be a LTH for me! Fingers crossed….

At what share price do people realistically think SEE will be taken over, and in what timescale ? Did Paul mention that it's likely to be within 2 years and at 70p ?

Was it a sell and that’s why the SP has gone down?

qualcomm technologies, inc. announced today a technology collaboration with hyundai motor group (hmg/the group) in the area of purpose-built vehicles (pbvs). designed to serve as a future mobility solution from the group, the pbvs are engineered to provide transportation services, as well as additional services that cater to the diverse needs of individuals, such as comfort, logistics, commercial activities, and healthcare. as a part of the technology collaboration, the group will incorporate the latest snapdragon® automotive ****pit platforms in its pbv infotainment system to provide a holistic, seamlessly connected and smart user experience.

https://www.qualcomm.com/news/releases/2023/08/qualcomm-collaborates-with-hyundai-motor-group-on-purpose-built-?mkt_tok=mzg1lvrxuy04mdmaaagnv-91ehtxjvex93h9yvchpwwcs_ylhl5zslsenaizdc_wic5xm0a4hwmajbafu_bpqvkzjabk1tlg9lqc0igdhvcyauk-spgtjfgad2u-svykeww

You clearly mis-read my note - I never hoped to sell in the hope that I could buy back cheaper - I have been through that process enough in the last decade to never want to do it again.

No need to be a nasty troll, I simply expressed my concern.

Not de-ramping, just very worried.

4p ?

15p by 2026 ?!!? Id have thought that’s a lame target considering PM suggested that we could be anything up to 70p and he would expect an exit before 2026. Seems all that’s left to do is hope!

I have been selling but I intend to buy back in towards the end of the year when I’m sure the SP will remain around these levels…

*are

Well their PR team is also asleep then, because I just got the email today…

Smart Eye to Deliver AIS Driver Monitoring System to World’s Largest Gas Transporter

We are very excited to announce that Smart Eye has signed a breakthrough deal with Linde – the world’s largest industrial gas company!

This marks the first time AIS, our hardware and software driver monitoring system for fleets, will be delivered to a major heavy vehicle fleet for aftermarket implementation. Following a long and thorough evaluation and testing process, Linde Gas has chosen AIS to prevent human injury, reduce financial losses and improve overall safety in their trucks.

This new contract is not just a significant breakthrough for Smart Eye but an important step towards reducing road accidents and saving lives.

@wiseinvestoruk - did ChatGPT therefore tell you to invest in SEE ? If you are a PI for a living, why do you only have 7 posts ? LTH’s like myself are not hanging around for 3x money back in 3 years, we are wanting this to be a 5-10 bagger. Hopefully there will be a TO so we don’t need to hang around much longer in this depressing stock.

Even though the entire stock market is not doing well - it’s not just SEE - I too would like a TO so that we can draw a line under this and move on to hopefully more fruitful investment decisions. I am mentally exhausted thinking about this share!

Scrolled through ten pages from Google search and found not a single mention of this Stifel tech presentation - only a few notes about some healthcare presentation. Wondering why we are working with them when they can’t even mention it on their own website ?

Could anyone please post the text because I can’t subscribe to the article ? Thanks