Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Cannot see that they could do any better with Auto than be in pole position when the RFQ's are eventually awarded. If they fall SEE's way we will find out in short order but in the meantime all the indications are good.
Fleet progress has been dismal. Gen 3 is supposed to change all that but we cannot bank on it until there is some clear volume progress - it has not even been released yet so that news is not imminent (Unless they do some big deals before official reveal).
They have always been at pains to tell us that Aviation is a slow burn, long lead-time project. Progress through the foothills has been impressively consistent in the meantime.
The leadtime to profitability has been well ventilated here by a number of posters but generally ignored in the irrational exuberance. Just two or three years to go....keep calm and carry on blissfully on the Magna comfort blanket.
All good things come to those who wait.....
Patience is a virtue etc.
Couldn't agree more isb,
The loss in y/e 30 June 2022 was Aus$25.7m.
The question we need to focus on is how many Auto, Fleet and Aviation sales do we need on an annual basis to 1) get to profitability 2) get to profit levels that support a much higher Market Cap.
The Magna Licence income will look good in FY23 and maybe spill over into Fy24 depending on how they account for it but even with it those years will still show a loss imho.
Seeing Machines need Millions of units of DMS car sales annually and 100's of thousands of fleet sales/connected units.
The more clarity the company can give us on those (big) numbers and timing the better.
I sometimes think there is so much focus on the detail here that the big picture is ignored.
Based on the numbers SEE and PMG themselves have given us Fy2023 will be a loss, FY2024 will show a loss and Fy2025 the first profit. (FY2024 I know is debated by some).
Now that autonomous driving has been so well aired in the media I'm not sure how much SP impact the RFQ announcements will have on the SP (it will definitely increase but by how much?)
The big SP movers may be first profit (Fy 25)(nvestor impact) or commercial airplane Single Pilot with DMS (FY 26/7?)(General public impact).
The big unknown and so far serial underachiever is FLEET. If they can get significant penetration with Gen3 preinstalled by manufacturers it could be very significant - but only if monitoring is included. Cheaper competition will eat up the bulk of commercial fleet DMS imho....
One thing for sure - it will be an interesting journey....
I don't know.
A possible explanation is that SEE have asked them to do so to maintain interest in the stock and keep investors positive in the interim while company stats are still low though rising.
There is no legal reason afaik as they are not crossing % boundaries.
It is very clear from the RNS that Lombard bought the shares - not Michael Brown in his personal capacity.....
"Lombard Odier Asset Management (Europe) Limited ("LAOME"), a person closely associated with the Company's Non-Executive Director, Michael Brown "
Air Liquide has been a direct fleet customer of SEE since before the RNS of 16 may 2019. Over three and a half years. Another example of the glacial rate of penetration of Guardian over the years. Here’s hoping gen 3 and legislation move things along.....it certainly has not made much progress in its current guise.....
seizetheday - it would be big news if it hadn't already been announced in early 2020 - see the attached from Feb 2020.
https://www.cnet.com/roadshow/news/gm-super-cruise-expansion-2023/
If anything it is disappointing that the projected number has not increased since then.
I see thy have an announcement on their website "Proposed changes to Seeing Machines Constitution". But it is not clear what the changes are - and they didn't make any such announcement today - did they ?
https://seeingmachines.com/investors/announcements/
Indeed S2020 - I am just musing about how they might structure it for best effect.
Updownwego - I doubt very much if they get an aviation licence deal worth more than Aus$227m up front - much and all as I would hope so.
One way would be to float off separate companies - but there seems to be no rumour of that anymore....even though they did do significant work some years back to restructure the operations into the different streams.
I tend to agree with you MrBB.
Which is why i queried some time back how they would structure an Aviation Licence to give greatest value to SEE as per PmcG they have no use for extra money in the company and they cannot distribute it as a dividend.
Intriguing - but a nice problem to have.