Member Info for Escovido

FWIW s2030, I am convinced as far as the new Golf is concerned, which is a cracking bit of news. So is Colin. I do find it hard to believe we are suddenly in everything VW produce and fear a disappointment coming to those who do.

I also think that the Golf is good enough on it's own for us to fulfill projections of profit.

Sadly AIM is in the gutter at the moment. Hopefully, at some point the tide turns as people realise there's money to be made on undervalued stocks.

Mikey. You speak as if isb put some thought or reasoning into his litte jibe.

I've always felt that 25/30 p would at least be acceptable and give me a decent retirement. Love the blue-sky stuff occasionally but I'd be (pleasantly) amazed if we got £1 +.

Nm

Smart Eye announces intention to carry out a directed share issue of approximately 1.5 million shares

Smart Eye AB (publ) (“Smart Eye” or the “Company”) today announces its intention to, based on the board authorization given by the Annual General Meeting on 2 May 2023, carry out a share issue of approximately 1.5 million shares (corresponding to approximately 4 per cent of the total number of outstanding shares and votes in the Company) directed to institutional investors (the “Issue”). The Company has retained Carnegie Investment Bank AB (publ) as Sole Bookrunner in connection with the Issue. The subscription price and the total number of new shares in the Issue will be determined through an accelerated bookbuilding procedure (the “Bookbuilding”).

Re VHS/Betamax. It's a comparison I've seem made a few times and seems to make sense until you realise that in consumer tech there can only be one winner and the cheaper, albeit inferior, product won. Standardisation of the format was essential. We however, have always been told that nobody will get 100% of the DMS/OMS market and most OEM's will dual source, even if it's just separating the mass market models from the luxury brands. There will not be a 'winner' in the sense of demise of the other, simply a more or less successful business model.

My take:

Frustrating though it is to see others announce while our mgmt remains silent, I don't think today's developments are as bad as the doom mongers (or out resident headless chicken) would have you believe.

Firstly, VW and Mobileye. Unless Mob have raced ahead in developing their own DMS, it's likely this will include a proprietary brand. I would guess it will be us on the basis that these are luxury cars and why spoil the ship, etc. plus our relationships with both parties. Even if it turns out not to be us, the numbers will not be huge. I'd rather be in the new Golf!

Smarteye announcement: This is an add on, or more accurately a gap fill contract till the previously announced award starts in 2025, hence we would not have been involved in the tender. We assume it is Volvo and we know they like to use Swedish suppliers. It will be interesting to see how SEYE manage the hardware side of things and it's worth re reading Colin Barnden's article on the first award.

In summary, these don't really change anything in the race for market share and most people need to calm down.

https://www.linkedin.com/posts/colin-barnden-1081376_smart-eye-announces-largest-ever-driver-monitoring-activity-7142482057208782849-jEuV?utm_source=share&utm_medium=member_android

Well we have a relationship with both, though we have not yet announced VW by name and the Mobileye collab was for after market. Still reason to hope they will use our SW.

https://www.lse.co.uk/rns/SEE/seeing-machines-and-mobileye-to-target-aftermarket-000wygsoe83g3p8.html

Thanks Chutz. I hadn't seen that Safestocks one. Great to see Stifel's reasoning and confidence in their predictions.

No but it's quoted in this Proactive write up:

https://www.proactiveinvestors.co.uk/companies/news/1043368/seeing-machines-on-course-for-profitability-after-results-analysts-1043368.html

"Investors should take advantage of the share price as it accelerates toward profitability,” the bank added

I would prefer it if we didn't speculate on buys that may or may not happen. That article from Colin, however, is gold.

It's been stated that as soon as the magna system collects 5 stars, the sell will get a lot easier.

'In excess of 1.5 million' in cars now so with ramp up and VW we should get a 2 mill on the road RNS before long. I think at that point we will be indisputable market leader.

Terryt, VW is one of those 'others we cant yet announce'.

Still set for break even:

The Group remains well-placed to deliver continued progress in the year ahead, with a typical weighting to the second half, and the Board retains its expectations that financial performance for FY2024 will be in line with consensus[1].

There we go.

**** just testing. w a n k

Hine Just testing. h i n e

"So taking this figure (as I do) and dividing by the number of installed units, and then again by 12, gives the average monthly customer charge."

think where you are going wrong is assuming all units installed get the recurring charge. That is only those that choose to have the live monitoring from SEE. I suggest the dropping numbers is because lower % take up on monitoring or even something as simple as not hooked up yet.