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I start from the conviction that DMS will happen and in particular from this time going forward.
I just checked the revenues of Cipia, SEYE, and Tobii.
SEYE I've remarked before has a small fleet / auto revenues of approx US$8.5m last 12 mnths
Cipia has had static revenues for the last 3 years. 2023 revenues US$5m
Tobii has overall revenues of US$70m - but static and in fact half what it was 4 years ago. Tobii is mainly focused on academic / marketing sectors with small auto revenues
The point for me is that none of those guys seem to have taken the market. Their revenue performance is flimsy and the share prices have been as bad as or worse than SEE.
They are SEYE shareholders imo. They hammer SEE but refuse to critique SEYE at all.
With a new market, a new product, a new business you never have entire predictability. The thing is whether you still believe that despite bumps along the way in the normal manner SEE have a good prospect.
Personally, what I've read, the market for auto & fleet is just at the very beginning of the market growth. So all to play for.
I have found no convincing argument on here that DMS & OMS isn't going to happen. I am convinced that they are going to happen beginning now with fast growth through to 2030.
So who will win?
The CAT post a few days ago tells a story of continuing growth in mining & the success of SEE. They know how to win.
I forgive them lapses so long as they demonstrate significant wins. I include Magna, CAT, Collins in that category.
I would say that there is a bull case - which you don't read on here. There is a bear case - which you don't read on here.
What you do read on here is mindbendingly repetitious moaning. I suppose that is the idea: break people's resistance by endless repetition.
You may be right but I guess nothing wrong with hearing another viewpoint?
Not seeking to influence the share price. I'm interested in how the business is doing.
A lot of talk of estimated H2 sales on here - so why not check out stifel's views.
I'm sorry. I wouldn't have posted it if I had known it would hurt your feelings
Https://www.safestocks.co.uk/2024/02/21/seeing-machines-set-to-become-cash-flow-positive-in-fy2025/
from 8 weeks ago
You must have enough material by now from your posts for a book.
I salute your pointless drivel
are you promoting solipsism?
buffet says "tell me about your competitors"
one reason to invest here is the visibility of the market and the key players.
if you accept there is a market, now or future, for dms then the question is: who takes what share?
so, sorry i don't get your point.
everyone on here is ****ting on pmg & see. fine. so if they are losing where are the winners? because seye are certainly falling down a hole in reality.
Thinking about it - SEYE have surely got this right. The important thing is to market their shares and not worry about the actual business because after all you can always change the CFO again.
Sad how SEYE's share price keeps falling. Now 78.
Must be another equity raise coming at SEYE.
SEYE's Q1 auto numbers were a shocker.
If you think SEE is not doing well, where does that leave SEYE? SEYE's auto sales are tiny - strip out the NRE revenue and you have to say that SEYE look like they have a problem actually selling their DMS software.
Great post. thanks!
Thanks guys. very useful update on the groupthink on here.
As they say: invest wisely. But I haven't noticed too much wisdom on here.
imo, fwiw, the market for the product has only just began its ascent.
So how can anyone say that anyone - SEE, SEYE, Toblii, Cipia, Gentex - has failed since the game is only just beginning?
Reading the US report criticising DMS's effectiveness - makes me think Magna's RVM might be the answer
Be careful of groupthink.
Groupthink is when you listen to nonsense rather than reading the Accounts.
Your shares are down 20% over the last few trading days. Do you hold? Do you review again after it drops another 20%?
Market really doesn't like the misleading on SEYE's DMS sales. Share price so far down more than 11% on the day.
Martin will have to man up and explain what has gone so wrong. Doesn't help that he looks so shifty.
Also Affectiva / imotion sales fell. I warned you on that one. 70% of their business - but the boss walked out on Martin.
KBW
SEYE can't last if they don't start increasing DMS sales soon. The lack of sales growth means there is a big problem.
The King is a pauper. SEYE DMS sales were just US$8.5m last year - and static now.
SEE sold 6x SEYE in the same period.
My advice, take care. If SEYE stumble again then I think there share price will collapse.
They already had a big raise before at SEK26.5!
Martin is not up to it. The CFOs don't like working with him. A bit of a mess, imo
Wonderful news that they have had success beyond expectations. Very happy for them. Mazel tov!
Any chance they might actually start selling the stuff? On their turnover numbers they are in danger of slipping behind Cipia.
Where is the explanation of the almost flat sales in Q1?
If this were SEE everybody on here wd be demanding that PMcG shd be shot.
Something is very fishy indeed at the self proclaimed king of DMS. When your sales ae a tiny one sixth of SEE's fovio & Fleet, then isn't it a shocker that SEYE's sales are barely growing this Q1.
Also they didn't raise enough cash - not prepared to admit just how much w cap they need for AIS.
They talk the talk but can't walk the walk.
TIME FOR A NEW CFO
Read this & now accept I am right. SEYE are a mess:
Automotive net sales are expected to increase slightly during the first quarter of 2024 as compared to the fourth quarter of 2023, with the reservation that the Company does not have full insight into production volumes or license revenues before its customers report them, which occurs 4-6 weeks after the end of each quarter.
Furthermore, the Company assesses that the cash flow during the first quarter of 2024 will be more negative than that of the fourth quarter of 2023, primarily as a result of extraordinary items as well as accrual effects in the Company’s working capital, of which the latter is expected to have the opposite effect on the cash flow in the second quarter of 2024.
GIVEN HOW TINY AUTO TURNOVER IS AT SEYE - IT IS BEYOND SHOCKING THAT THEY BARELY INCREASED IN Q1 2024.
WHAT IS GOING ON? TIME FOR ANOTHER NEW CFO???
Matml74 - you are right. But why disturb the ignorant nonsense that people like to post on here?
Meanwhile, why has no one answered even one of my legitimate questions about SEYE's accounts?
Yes you crawl over SEE's numbers for evidence of failure - yet SEYE has a free pass. Nobody asks: why has SEYE failed to sell any of its Fleet product AIS over the 3 years since launch?