Member Info for DavidW2016

This has been the pattern for a while. The MM's taking advantage of low volume to fill large orders for big private buyers or II's. I have said in the past the shares are moving from the PI's to the II's. They have the sense to hold out for the big payoff.

The half year trading update states that "Seeing Machines continues to trade in line with expectations for FY2021".
Does anyone know what the FY2021 expectations are for revenue ?
I cannot find a reference for then anywhere.
I have posted this question in the past and received no answer.

The SEE share stock is slowly transferring from the private investor to the Institutional investors.
Every rise and fall you can see tens of millions of large trades moving from PI to II.
Just over a month ago 56.25% was held by the Institutions out of a 87.6% float. In that 56.25% I only include those II's who own greater than 1%.
Draw you own conclusions.

It is a fact that the automotive industry has switched the emphasis from fully automated vehicles to partially automated, that is up to L2/L3.

That has never been a surprise to me. We humans enjoy driving, the thrill, the excitement. If you want a vehicle to drive for you, why not take the bus or train.

We need vehicles that can assist and protect us while we drive. We see in the legalisation that this has been recognised. The world is moving rapidly towards semi-autonomous vehicles and Seeing Machine is right in the centre of this revolution.

So much news is in the pipeline and we await it's inevitable release.

There has always been day trading in this share but it is holding strong at 10-10.5p. Most knowledgeable PI's are aware of SEE's ownership of the intellectual property relating to DMS. This is the reason why the institutional investors will hold out for the big rewards.
And, of course, automotive is only part of the story that makes up the value of the company.

Press release on SEE website.

This seems to be the pattern with SEE.
A positive RNS; initial muted response to the RNS; market realisation that RNS is actually really good; followed by a few strong days of buying and an upward share price movement.

Bid-offer spread is 11.3 - 11.6
However MM range 11.43 - 11.599
They want SEE shares.

In a world where every company from big rolls to complex DMS is under pressure to perform, it cannot be stressed the importance of a debt free balance sheet !
Seeing Machines has ZERO debt.

So we done somewhat better than expectations with A$18.1M H1 revenue. But what are the FY2021 expectations for revenue for the full year. I cannot find the figure anywhere.
Can anyone enlighten me?

I agree, these numbers are potentially phenomenal !

Lets hope the market starts to value this company on its great potential, like it should do.

Just look at the leaps and bounds this company has made in the last 18 months, despite the challenging Covid-19 environment. The business plan is in place, revenue & profits are increasing, industry connections are being forged, and the near-term and long-term outlook is extremely promising.

There are always share price jitters, some take some profit, some need their money, but the big players and smart PI's will step in and take up the slack.

We can expect many RNS's to be announced in the coming months, and this will take the share price to new heights, and further promote Seeing Machines visibility.

Thanks for taking the time to respond S2020.
I try to read as much as I can on here and review the 'links' I pick up from other members.
It is certainly an exciting time.
I hope we get some good numbers for H1 2021 and a forecast for FY2021 on Monday.

I have listen to Qualcomm interview a number of times and feel more and more confident about my investment.
Seeing Machines was quoted a number of times in the interview with Nakul Duggal SVP at Qualcomm.

Qualcomm strategy is to work with the 'best in class', hence their relationship with Seeing Machine to use their DMS and IP.

Nakul Duggal also stated that Qualcomm have been working with 20 OEMs/Tier 1 and that they offer OEMs solutions deployable right away, because they “already meet NHTSA and NCAP requirements.

Seeing Machines already work with a number of OEMs, so will there be overlaps with the Qualcomm OEM clients ?

How does it work ? Will that use the Fovio Chip ? just the IP ?

I wonder how that works in terms of revenue ?

Lots of questions, but I think all the answers are positive for Seeing Machines !

Does anyone know when the update is due.
For the last two years it has been the end of January.

Revenues
H1 2019 : A$13.5 M
H1 2020: A$15.8 M

Does this site stop working after 3.15 ?

I have looked at a few shares and there seems to be no trades again.

Why do you assume Independent Investment trust are selling all of their shares ?
Maybe they are only selling part of their holding to pay investors.

Last year the share price was strong in January 2020, but unfortunately fell back.

This January 2021, we are opening very strong again.
The difference this year is that Seeing Machines have a 'first class' strategy' in position; they have weathered the Covid problem with success; and they have a host of licensing deals on the near horizon !

Let us hope that we do not get to many takeover offers before we can really take off.

Whatever price you pay, to buy or sell shares, is a personal choice.
It all depends on your investment horizon and personal financial situation.
People buy and sell shares for many reasons, often nothing to do with company performance !

However, DMS is now coming to the attention of a much wider audience.

Maybe now, it is the 'right' time to buy into this technology, or further extend a position.

I have been with this investment for almost 5 years, gradually building a large position, in ISA, SIPP and standard trading.
I think we really are at the 'point of inflexion'.

My tip for 2021 is Seeing Machines, ticker SEE.
I have been researching, investing this company for many years. The world's best DMS (Driver Monitor System) product and a host of patents registered.
Just have a look at the company website and the excellent chat page on this site.
II's own more than 50% if this company already.
The European Parliament has made DMS mandatory in all new vehicles by 2024. Since the lead time in car manufacturer is 2-3 years, this means most have already made deals to buy the SEE DMS product. Further, they are the only company to have a plug-in DMS chip. DYOR.

I was reading in the daily mail last Saturday, and I quote "Shopping online for food took 23 years to go from zero to 7%, and then, in 23 weeks of the pandemic, to go from 7% to 15%. This transformation was propelled by working from home"

Seeing Machines has been working away for the past 20 years developing, testing, capturing data and marketing their DMS product. In the next 20 weeks we could see a dramatic change in its market value, due to a number of factors.

These include the following (which is not an exhaustive list) :-
- European, US and worldwide legal requirements for DMS ;
- The realisation that Level 5 is probably a 2030 event ;
- The realisation that Level 2/3 is what all car manufacturers now desire ;
- The demand for driver safety worldwide ;
- The desire of the top OEM's to work with Seeing Machines ;
- The academic acknowledgement of the SEE DMS product ;
- The flexibility of the DMS product (All driver/pilot interfaces)
- The unlimited potential uses for products which require eye/scan/gaze interface ;

I could sit here all day just thinking of products that could use the core SEE algorithms.

Also, now the world has shown that it can really work together when there is a serious problem affecting mankind,
maybe we will now solve the problem of millions of road deaths with the introduction of DMS in ALL vehicles.

Everyone will want a piece of the action!

With the introduction of the various new vaccines, the Coronavirus pandemic will be brought under control.

This will bring further stability in the stock market, propelling most businesses forward.
More travel, more transport, more demand for safety.

In my humble opinion, the downside risk for Seeing Machines is limited.