Member Info for chris100

It's a fine win for SEYE no question. I'm also confused about the obsession with ISO26262. Are smarteye not accredited with this? They're certainly seeking developers who have experience of producing software to this standard.

However, where Japan is concerned SM have previously been linked with Toyota and Honda and it is these two that I'm mostly interested in. I'm keeping my eyes on the bigger picture and currently SEYE have neither the staff head count nor the cash that SM can boast.

So SEYE state that their win is potentially worth the equivalent of £185 million pounds. If SM win some large oems in the coming months as I believe, what sort of valuation will they ascribe to the win? I hope it's not a paltry $7 million dollars again lol. A win of the SEYE magnitude would surely transform things here or am I dreaming?

I'm not too worried about this one. I don't think we've ever been linked with renault nissan before and there was no way SM could ever win every oem. I'll keep quiet about the SP however as I'm not happy at all at what has unfolded here since last summer and probably like others it has messed with my head I think.

https://www.dailymail.co.uk/news/article-7001449/Coach-driver-checks-phone-seconds-crashing-lorry.html

hahaha

Who is the arbitrator if it is perceived that a company is on the cusp of creating a monopoly? Also, I just don't understand why all this talk of monopolies has arisen of late - it seems to stem from one of those videos with Ken just a few short months back.

I think we'll get some RFQ news before June also

Seeing Machines is currently engaged in five submitted proposals with OEM sourcing decisions on the MAJORITY of these programs anticipated before the end of FY2019.

They may of course be constrained on when they could announce - in the event of a win - but chances are I think that we do hear something before end of June as regards RFQ.

From 2016 - see the familiar graphics on the face

https://www.khaleejtimes.com/videos/nation/this-is-how-rtas-new-raqeeb-system-ensures-the-safety-of-bus-passengers

RTA has accomplished a host of smart projects and initiatives such as Raqeeb system, which monitors the condition of 300 bus drivers. The system contributed to reducing fatigue-related accidents by 65%. The daily rate of exhaustion or lack of attentiveness cases detected by the system ranged from 5 to 8 cases. RTA has introduced the system to two of Dubai Trams on a trial base.

Nice find Terry - I think it is as SM were part of the 'Raqeeb system' as I recall

https://www.rta.ae/wps/portal/rta/ae/home/news-and-media/all-news/NewsDetails/accomplishing-75-smart-city-and-artificial-intelligence-projects

Actually, it's more level 1 at 2025! I need my eyes testing. Still, I'm sure DMS will be ubiquitous

https://vp283.alertir.com/sites/default/files/misc/trends_in_autonomy_and_mobility_-_april_2019.pdf

Page 13 of this Veoneer document from April showing us that the trends are very much for cars at SAE level 1 + 2 up to 2030. Look at the projected number of level 2 cars at 2025. I might print out that page and stick it on my wall lol.

I know Veoneer have an earnings update on Monday, so perhaps they'll have some updates on the status of the multiple DMS bids.

It seems Max Ward's view of SEE as an investment is unchanged form earlier last year, when the SP was considerably higher, for him to have increased his holding of SEE:

From Safestocks 16th may 2018
'“What attracted me to the business is the scale of the potential in the automotive division together with the evidence of clear market leadership in the DMS field.”

I think most of us invested here share those sentiments.

Found this recent blog on BMW INEXT. Don't know who the author is, but if correct level 3 is out for now and level 2+ possibly in

https://teslamotorsclub.com/tmc/threads/update-on-bmws-inext-level-3-highway-system-in-2021-not-happening.148365/

The fact we are still loss making and AIM listed must deter larger investors. Hopefully large auto contract wins over the next 12 months, better cash generation via a growing fleet business and hopefully sufficient cash on the B/S can start to alter some perceptions. I'd expect that there will also be a growing awareness of DMS as we approach Euro NCAP 2022.

On anther matter. I think there are a few good companies on AIM amongst the dross, yet I've sometimes wonder why I have bothered investing on this exchange. SEE is often fairly illiquid, yet there are other companies on this exchange - some of them potentially pretty good - where you only have a couple of trades going through on a daily basis and sometimes none. I find it quite staggering to be honest and sometimes question the wisdom of getting involved in it.

I'm not sure it will ever be technically achievable for me to be driven in fully autonomous mode, all the way from my own home in the NW of England, to say the Glasgow area should I wish to visit family members. I just can't see it any time on the horizon nor can I envision it in my own lifetime if i'm honest.

As for a ride hailing service in a city locality. Who'd fancy it? Not me. I used to travel to work regularly on trains and got fed up of the state of them. If it was in say South Korea, no probs. Where I live, no way. The seats would sometimes be full of litter and the interior would perhaps stink of fags and booze.

Life - I've just got off the phone to iweb. There's been a bit of a cock up. It seems that, like me, you have elected for 50000 pence and not 50000 shares! Apparently it's caught quite a few people out. If you ring them up, they'll sort it out for you. I doubt this placing will be oversubscribed.

hahaha

I applied for 50,000, but looking at my account just now I can see 'SEEING MACHINES ELECTION SENT' and 16,666 shares allocated against this. Only £500 of the £1500 or so in my account has been taken.

Whether I will get my full allocation or not, we'll have to see. I'm a bit perplexed to be honest, perhaps I may just as well have bought in the open market? Time will tell. My broker is iweb.

I doubt William J O'Neill ever put money on the AIM market. It's not like those of us that have been here since 2013 haven't seen this before. Sure, there are going to be more shares in issue but the company is also in a better state in terms of contracts signed and potential contracts in the pipeline.