The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
would be appreciated soon, seeing as all my other investments are going ***s up right now !
I’ve been stuck in this share for 8 years and rarely has a day gone by when SEE hasn’t occupied my thoughts, wondering when we will reach the heady heights of 14p once more. (in fact, at once stage I seriously thought that we would have reached 25p by 2020!) Today I realise however that - unless there is a TO before - it’s likely that we need to wait at least 3 more years, a thought which I’m sure many of us find emotionally exhausting! Got to keep the faith in PM and MI !
PM displays good qualities of leadership and assurance, and MI was very detailed in answering any questions today. I felt that they came across stronger than they have previously and just hope that shareholder value can be unlocked sooner than 2026!!!
Does anyone know the answer to this question please?
Can PI’s turn up to this investor meet at Dentons on 16th October , or is it purely for II’s ?
@oldfool13 .....and did you make money by moving your funds somewhere else before you reinvested here ?
@NikNak222, I also sold half of my shareholding last month and invested it elsewhere. I'll re-invest it all back into SEE at the end of this year / beginning of next. I'm sure (and really hope!) there is time to buy back in during this period around 5-6p
Kat, Where did you see this news?
Just another dud jam tomorrow share. I hope it can rise to 50p again so that I can break even and sell out
Perhaps you were right about a fundraise in the pipeline boyg.
I would happily take the 30p you mention and get the hell out now. Nearly a decade wasted in this lacklustre share.
When do you think there will be a fundraise and when will it be announced? Around the time of the financials ? (Which I had expected to be this week)
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