Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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?
CFP, if that were your answer in an MBA exam, I would give you just 1% marks i.e. for spelling your name correctly ...
SEYE WARNING.
I think it is very nice that SEYE shareholders have this discussion board to promote their investment beliefs. However, in so far as any SEE shareholders still bother to read this, I must point out that just as I said when I posted these key questions a few days ago not one SEYE holder on here has stepped forward to answer the question!! Here they are again:
1 Why has SEYE failed to record any sales yet of its Fleet product launched 3 years ago? Is that a worry?
2 Why has SEYE no revenue at all from its aviation offering?
3 Why are the revenues from its auto DMS sales so tiny? Are they selling the product for next to nothing?
4 Why have they had 3 CFOs in 18 months?
5 What is happening at Affectiva and imotions bought gross US$110m? Why did the boss of Affectiva leave? What are the plans for this business which constitutes approx 70% of SEYE's activities?
I've said before that Cipia might be a real competitor - but SEYE look like a load of BS surrounded by uncritical ninconpoops
According to **Stifel analysts**, **Seeing Machines Ltd** (AIM:SEE, OTC:SEEMF) is on track to meet second-half-weighted full-year forecasts this year and achieve profitability next. This positive outlook follows the release of interim results earlier today. The company's growth is driven by new regulations mandating driver monitoring technology in cars, which will be required from later this year. As a result, Seeing Machines is poised for a solid end to the year. Additionally, the analysts believe that the company has a comfortable cash position to reach run-rate profitability by **2025**. Notably, Seeing Machines confirmed underlying revenue growth of **28%** to **US$25.6 million** (£20.09 million) in the six months leading up to December. Furthermore, production has commenced for a **US$82 million interior cabin monitoring program** with a large German automotive manufacturer, ahead of the introduction of driver monitoring rules requiring new motor vehicles in the European Union to be equipped with such technology starting in **July** this year. Stifel emphasizes that the opportunity for Seeing Machines has never been clearer, highlighting the company's **US$22.2 million cash position**. Investors are encouraged to take advantage of the share price as it accelerates toward profitability, with a reiterated share price target of **15p**¹.
Source: Conversation with Bing, 18/03/2024
(1) Seeing Machines on course for profitability after results - analysts. https://www.proactiveinvestors.co.uk/companies/news/1043368/seeing-machines-on-course-for-profitability-after-results-analysts-1043368.html.
(2) Seeing Machines | Safestocks. https://www.safestocks.co.uk/tag/seeing-machines/.
(3) Seeing Machines undervalued at ‘in pole position’ for mass-market .... https://www.proactiveinvestors.co.uk/companies/news/1032609/seeing-machines-undervalued-at-in-pole-position-for-mass-market-adoption-1032609.html.
(4) PRESS RELEASE Seeing Machines, leading driver monitoring technology .... https://seeingmachines.com/wp-content/uploads/2023/06/Press-Release-Stifel-Conference-19-06-23.pdf.
If they confirm again the target numbers for turnover and cash for FY24 then who cares about the bumps along the way.
How many people on here ever run a business? You have to give them some slack if they are on target.
Aaron
you have a good imagination. As indeed do all SEYE shareholders.
Sorry to post further - but the launch of the Magna mirror on VW now = the system works. There had been some question about it's successful function.
The Magna contract + reiterating 40% by volume, and more by value, is as good as you could wish for, imo
Excellent clarity. This is all about the period going forward now as the market takes off from here.
I think Ive is a major factor. Reducing cash burn to just US$1m a month by end of FY24 is reiterated - and reassuring and impressive. Cash burn BE for FY25 looks ahead of expectations.
Collins is worth the m cap by itself [for the patient]
You have to assess the business going forward - not on your personal feelings about the poor share price over the last 10 years.
Seeing Machines' production debut of its highest volume program to date with an initial lifetime value of US$82m, featuring interior cabin sensing (driver and occupant monitoring system technology) via a single camera system, a world-first, delivered for a large German OEM, has launched to schedule
Perhaps you might read them first before commenting??
I know you are big on SEYE. I wont ask you how deep you are in - but the bashing of SEE is the giveaway.
Can you answer this question if you were to persuade me on the merits of SEYE.
1 Why has SEYE failed to record any sales yet of its Fleet product launched 3 years ago? Is that a worry?
2 Why has SEYE no revenue at all from its aviation offering?
3 Why are the revenues from its auto DMS sales so tiny? Are they selling the product for next to nothing?
4 Why have they had 3 CFOs in 18 months?
5 What is happening at Affectiva and imotions bought gross US$110m? Why did the boss of Affectiva leave? What are the plans for this business which constitutes approx 70% of SEYE's activities?
I don't expect any answers. Never get a response from the SEYE fanboys on here.
Fwiw, it certainly is not SEYE - because if it were they wd have been shouting that it was them.
The amount of shares in issue is completely irrelevant. It is the market cap which matters. You can always consolidate at 100:1 e.g. A waste of money to do so.
Read a basic economics book guys!! Stop spouting opinions which are nonsense.
THIS IS WHY I TRY NOT TO POST ON HERE. I ACTUALLY BOTHERED TO GET AN EDUCATION.
I understand that most posters on here have the "noble ambition" of ramping SEYE and deramping SEE - but the nonsense is just trash talking.
Fortunately SEE will succeed or fail irrespective of the silly talk on here.
SEE have already announced the Magna licence. What else is there to say? Together with their other licences they have guided 40% mkt share by vol and 50% by value.
SEE is business to business. Confidentiality is best. Why yak yak? Better to focus on delivery. PIs are too ignorant to really understand. If you doubt this, read the drivel on here.
SEE will be judged by its KPIs qtrly numbers going forward. The additional licence fees from the Magna licence will be in addition to the existing licences.
SEYE maybe the king of DMS – but I prefer SEE.
SEE’s DMS turnover is 6x that of SEYE. Nobody wants to engage with that. But all you SEYE holders on here – you should think about it
Yes, hello. How are you all faithful SEYE shareholders? i.e. most of the posters on here!
Just thinking, do you smell a big equity raise? The big puff of publicity followed by a progressive drop back in the share price makes me think so.
Martin has presided over a total shocker before i.e. at SEK 26 following the prior share price high of SEK220
The Affectiva lady and her marketing mate have left and presumably sold her consideration shares. The new CFO looks a biddable appointment. So could well be?
Any views
I am unclear on how the Magna licence deal works regarding orders.
If Magna wins a big order from an OEM for the Driver Mirror DMS does SEE get to announce it? i.e. do SEE RNS this?
Or is the situation that SEE already having got the licence with Magna therefore there is no new news but the subsequent additional licence revenues then show up in the subsequent KPIs?
SEE have indicated very high sales through this licence deal already.
SEE have no need to sweet talk shareholders - unless they want to raise cash - SEE's position is rather marketing is business to business not business to shareholder.
SEE will be judged on what it does from here. The market is just beginning its ascent.
The CFO of SEE bought a lot of shares in SEE. The 3 CFOs of SEYE over the last 18 mnths is not imo reassuring.
I realise that almost all investors on here are SEYE shareholders. imo the best bet there is a Toblii takeover i.e. I am unconvinced that Martin is the right man for CEO
From FT article today on mergers of businesses:
If companies are considering a merger of equals, or investors are considering buying the shares of the acquirer, there are three important considerations. First, high-quality companies should not be combined into other companies as often their fundamental edge is eroded by being mismanaged by a similar-sized company. On average, a high-quality company targeted in a merger of equals lags behind its industry group by 20 per cent over the subsequent two years on a relative basis.
Second, financial health matters as shown by the performance of acquirers with poor free cash flow yields — the amount of free cash flow generated per share as a percentage of the stock price. The subsequent performance of such acquirers is markedly inferior to those in the top third of companies ranked by free cash flow yield. Poor profitability is also a red flag, with acquirers in the bottom third of gross margins performing 8 to 10 percentage points worse than more profitable acquirers over the subsequent two years.
Third, the more idiosyncratic a stock is compared with the rest of the market prior to the deal announcement, the lower the potential for business synergies and economies of scale to help the business, driving drastically worse underperformance — much worse on average than poor free cash flow yield or low gross margins.
Here, a different management team may not understand how to maximise the culture, assets or peculiarities of one business and assume synergies that on average destroy the positives of the asset they hoped to optimise. In general, we would not advise a company to buy one of a similar size and would caution investors on being sold on the potential for synergies in such a deal.
Phil
why do you think SEYE have sold no AIS i.e. its Fleet product.
AIS was introduced in 2021. Check the new Accounts ending Dec 31 2023 - no separate numbers for AIS.
Total Auto sales including AIS was US$8.5m for the year.
SEE did over 6x that sales number for Fleet and Fovio i.e. US$50m+
WHY are SEYE's sales so very very very very tiny?
ANYONE ON HERE READ ACCOUNTS??
You obviously don't read accounts.
If you did you certainly would not tout Smart Eye as beating SEE. They have a very tiny turnover indeed.
I am on sabbatical so forgive me for posting.
fwiw I think both the bulls and the bears and the rampers and derampers on here are all the same. No proper education to be investors - more Bet365.
I'll try and shut up again