Member Info for bonzoful

SEE announced 2.2 m cars on the road a couple of months ago. From 8 Aug RNS "Cars on the road with Seeing Machines' technology increased to 2,211,422 units, representing an increase of 104% from 12 months ago (Q4 FY2023: 1,086,176)"

SEEing

Your fifth message on LSE. All on SEE. Showing a remarkable familiarity with DMS which most people have never heard of. Those with knowledge here have been here far longer than me. And your questions feel odd to me. I think you are wasting your time.

Once trust is lost it is difficult to regain. Those people are unlikely to invest again. Once cash flow is transparently imminent some new investors may take an interest. And once the cash flows more certainly will. But understanding of DMS is low and OEMs insistence on promoting automatic driving as just around the corner obscures the role DMS will play over the next decade or two. So patience may still be required.

Rather depends on the KPIs published in early November. And market sentiment: both reaction to the KPIs and to events.

No interest in DMS so far. There will be. But not because of SEE shareholders interests. The broader arguement of the benefits of good DMS he as to be eon. SEE have virtually created the market by influencing regulators. There are not a lot of investors out there waiting for a chance to commit. Its going to take time. And cash flow to attract wider interest. This is a fantastic opportunity to get in at bargain basement prices. I can see hicoughs ahead triggered by SEYEs poor product. But 1.5 million deaths a year on the road workdwide is more than twice the deaths from malaria. DMS will prevail. It may take more time than I, and some others, would like.

Odd. Have you been following cars on the road with See technology quarterly KPIs?

Growth in the after market? Or purchases by the CEO and CFO. Perhaps not. Good luck to your strategy whatever it is.

By early November the end of FY 2025 will be within 8 months. The main investment to win the contracts was put in before the contracts were won. So the rising revenue from new cars on the road will quickly hit the profit line. The prospects for new cars on the road with See DMS look good. I am relaxed about cash break even slipping into FY 2026 H1 as you think likely. So dont really dissent from your view. The key thing is we get there with excellent prospects ahead.

Telegraph owned by some Russian oligarch. So odd site to commend. Dead easy to filter posters here. And odd to me more people dont use the facility.

Not too bothered about interims unless auditors endorse them. Because given forward sale to Caterpillar may be rewritten before audited accounts for the year presented. Crucial coming events are next quarterly KPIs in early November. When I expect cash flow positive to be imminent or achieved. And probable fundraising attempt at SEYE before then. If that does not go well SEE will have an even more commanding position.

Colin Barden always interesting on DMS. Latest linked in post discusses in cabin monitoring v DMS. And concludes rear view mirror will prevail.

https://www.linkedin.com/posts/colin-barnden-1081376_ohc-eyegaze-selfiecam-activity-7231274798897602560-hBhV?utm_source=share&utm_medium=member_android

Last Tuesday over lunch with fellow volunteers at Fulham Palace garden someone said 600,000 people a year died from malaria world wide. I mentioned 1.35 million a year died from road traffic accidents, many caused by driver distraction/drowsiness.

I have a small concern that cheap DMS may cause a backlash and delay regulation. Worth emphasising the potential gains from implementing it properly.

Magna International may be getting the business. Let us hope so. They produce a quarterly report which gives some idea what is going on in the car market: slower growth in ev sales delaying some launches so development costs not recovered as expected.

Separately I am conscious Magnas convertible loan to Seeing Machines comes due for repayment in October 2026. The option of converting to shares at 11p does not look attractive at present. So investors who do their own cash flow forecasts may be getting concerned. Getting royalties in asvance, as recently announced, plus getting to cash even in the next twelve months with an enormous growth market and a large moat leaves me unconcerned for now. Will reconsider after SM and Magnas quarterly reports in August and November.

Which magazine have today circulated an email commenting on MG4 lane assistance. The report suggests the Which tester was using the MG4s lane assistance on a narrow country road as though it were automatic driving: I drive an MG4 and have never seen any suggestion it offers automatic driving, it does not. The report also airs complaints about cars beeping without showing any awareness of driver monitoring systems. I have commented to Which directly copy a link to their report her in case others wish to do so as well. https://www.which.co.uk/news/article/lane-assist-tech-steers-popular-family-car-towards-oncoming-traffic-during-which-testing-afXHU1t7gttC

A trade of over 1.3 million shares was made at 10.15 this morning at 4.35p. It stands out because there are very few substantial trades these days. I hope it is someone ending selling out.

I think it's normal for business to business firms to have a low profile. When I worked for Albright and Wilson they were one of the largest chemical companies in England and produced all of the sodium tripolyphosphate: the main active ingredient in detergents. It was in Persil and all the supermarket own brands. None of those firms wanted their customers to know the active ingredient came from Albright and Wilson. I would be surprised if any of the OEMs wanted SEE to promote themselves to drivers.

What will end up attracting investors intention is the cash SEE will generate. Ty he major investment has taken place. Many contracts are in place. Data from DMS delivered over the last 15 years gives SEE a large moat. So the prospects look good. I don't expect PR aimed at the general public to play any significant role in SEEs rerating. I would like the KPIs to be easier to find on the website! Next news on them in August.

There is a danger of group thinking on these chat boards leading to great disappointment. When I first took an interest in SEE those who failed to enthuse enough got rough treatment so left. Seemed counterproductive. My view is SEEs share price has suffered because of market wide disinvestment in small UK shares. Once it starts churning out cash the share price will soar. The KPIs in August and November will help convince us cash breakeven is imminent. Or not! Now is the time to enthuse, not get disenchanted!

I put my faith in a positive stream of cash rather than press handouts. The cash flow will turn positive over the next 13 months. And the August and November Kpis will make that even clearer than it is now.

My understanding is that the product referred to by Nanoco is the chip now being marketed by STmicro. Producers of products for consumers now have to decide whether to use those chips. That is bound to take a little time and typically would first be used in high end, low volume products before reaching the mass market. Nigel Picketts, after years of not selling, took the recent opportunity to sell at 24p so I am not expecting any exciting announcements in the short term. Once the £3m share buyback programme is finished buyers may be in short supply. And there will always be holders who need, or decide, to sell.

To my mind what matters on DMS is the revenue to Seeing Machines from OEMs. I don't think we know how that's calculated. But as the OEMs agreed it it probably reflects the revenue they are receiving.

Few private investors will know much about Seeing Machines. I would expect todays figures to have a trickle effect with press coverage leading to more investors having a look some of who will buy in. Institutional investors will have processes to go through that will take days or weeks and I would expect a few of them to start building stakes. A few, of both categories, may wait for the August KPIs to confirm the emerging story. So I think we have six months of strong support for the share price. After which cash flow positive will be in sight and SEE will become of interest to investors looking for strong cash flow with a pretty good moat.

We have incomplete information, particularly on licensing. But with the welcome focus on cost control, continued growth in the aftermarket of 5 per cent a quarter or so, tripling royalties from OEMs from 7.6m USD in FY 2023 should get close to cash flow breakeven. There were an average of 159,000 cars on the road during 2023 FY. So once Seeing Machines reaches 480,000 cars on the road they will probably be at, or approaching, that point. With EU regulations about to taje effect, seems feasible to me.