The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I find the lack of correlation between the "new addressable market" of 300K plus vehicles and Seeing Machines' anticipated uptake to be puzzling/concerning ?
Do they not have a lead position here ? and if not why not? How is this market going to evolve ? Where are SEE in this landscape ?
That being said I haven't seen any independent commentary of how it is going to be split.
Perhaps nobody knows?
DMS is a small (though important) element of Bluecruise and Supercruise etc - the high-end ADAS Systems.
IMO SEE DMS needs to migrate to the mid-range and Lower end models to achieve volumes.
Hopefully that is in train though we have little or no evidence of that yet.
My impression is that Tesla will be delighted to have 2m cars on the road with DMS.
All that Real-time data.
And now an over-the air update - which will probably cost them nothing other that the development cost I'm sure they were working on anyway.
I cannot see the company in the list of 2023 winners - can someone direct me ?
https://www.roadsafetyawards.com/winners?year=2023
I would be a bit more hopeful on G3 isb.
Given that they are already receiving orders per the recent webcast it seems probable to me that the launch at CES will include the first contracts.
They could not announce contracts before the product was officially launched.
But with their history - who knows ?
Mali is worth little nothing at the moment - The overall investment has been written down to zero in the recent accounts and the Garalo License expired in April 2023.
"The decision was made by Management to fully impair the Garalo and Nthiela licences in Mali
due to the expiry of the Garalo licence in April 2023;"
The new mining code makes Gold investment very unattractive.....
Phil,
Magna have no shares in SEE yet...
- In return, Magna has agreed to invest US$65m into Seeing Machines via an exclusivity arrangement payment of US$17.5m and up to $47.5m through a Convertible Note maturing in October 2026 and having a conversion rate per ordinary share of 11 British pence
Good points Browkl, the Guardian figures seems terribly low - given the amount of noise about Gen 3.
I got to a 2026 profit figure as gross profit of €125m x 70% (their estimate) = $87.5m.
Less current operating costs €43m = €44.5 or less if operating costs rise.
The valuation at that stage will be looking to future profits. I think it is very significant that the Auto DMS numbers multiply rapidly post 2026.
I note the Auto DMS per car they predict for 2026 is down to €7 (€55m for approx 8m cars) from approx €11 in Fy 2023