Member Info for isb1974

That doesn't make sense with Qualcomm though because they are quite happy to publish the fact that they are getting the DMS from SEE in every presentation etc.. I have seen - if they had that kind of agreement then surely Qualcomm wouldn't highlight SEE in anything they do?

Whatever it is that is stopping SEE announcing customer names, unless it changes, this SP isn't going anywhere until SEE are achieving significant revenue or profitability i.e. 2024/2025 - what's a couple more years of frustration when you have already had 10!

Shame we haven't officially announced Ford and BMW because then that write up on Seeing Machines would have included them as well. Anyone reading that list would then see all the large companies SEE have as customers - I still can't understand why they can't officially announce both now that cars have been on the road for months with the tech active.

"We need more these contracts signed, 1bn this year expected to double next year? Well we’re in 2023 now, so what’s the hold up exactly? Or just stop saying things that are not 100% accurate"

Spot on there Seeing2030

I don't understand the silence - 18 months ago when PM talked about 30 models in 2 years, a flurry of RFQ requests in Nov20 and then 6 mths later talked about 1bn RFQ's across 9/10 OEM's (probably over the next 3 qtrs) and suggested in an interview all would be announced even if they were won through partners such as Qualcomm, I would have thought we would be getting RNS's regularly by now.

We have only had a handful of GM models announced (at the same time as announcing Merc), 3 RFQ wins (2 for a pitiful amount when considering the 1bn), no wins announced through Qualcomm, nothing about Ford even though it's been talked about in so many areas.

As for fleet wtf is happening - legislation comes in for vans, trucks and lorries within 2 years like auto. Why aren't we hearing about fleet contracts for fit at manufacture? Is anyone bothered about this legislation or are they just going to plead they didn't have enough time and push for an extension to it.

The longer the silence goes on I just fear private shareholders are going to get shafted somehow - whether it's a cheap sale, more fundraising or a move to another exchange whereby we lose out somehow. If it was such a sure bet surely these American II's would be piling in by now.

Why buy now when it is clearly going to go lower when global recessions kick in?
I wouldn't be surprised to see 4p before things start to improve, unless of course they do start announcing more of this 1bn RFQ's - and not just 25m wins, but large 200m wins.
Nothing else is going to move the SP north in this economic climate as the order book isn't kicking in until 2024 - even if they announce another Shell like deal in fleet it won't have an impact because less face it the Shell one didn't and we haven't heard anything more on this since - no one even knows the value of it so why would the market think it's a big thing. And Aviation is clearly still years away.

Bannor, surely everyone has worked out by now that OBS/EV and Jimb2 talk more bulls**t than Boris.

I'm sure Cenkos have us down as making a profit in the fiscal year July23 to Jun24 - therefore, that would be announced in Aug/Sep 2024
Although perhaps in Aug23 SEE will forecast a profit for the following year (based on reducing the loss significantly during the fiscal year that has just started) so then II's will start piling in and the SP may start to get to the levels we all want it to.

I wouldn't bet on it terrym, plenty of boring months ahead whilst the world falls apart, economically and literally in the case of Putin's "special military operation".
Somehow they need to stop this war.

I bailed out last July at 24p - nice to see I was right and the gravy train is still going strong.
I got criticised by the rampers on here and EVBull even said he bought my shares I sold - hope he didn't buy the full £60k because there won't be much of that left now.
This share will never pay off for shareholders and it's about time everyone accepts that

Exactly and if I am reading the figures right only 2.3m of the 12m dollars was from license revenue in 2021 - so in reality this year it will only be 4.6m (if Paul's statement comes true) + any non recurring fees - so we may not even see any growth on the 12m in total.
Next year may be more than double though if it is true about idrive 8 going across all BMW's from July22 (have BMW officially announced this or has it just been found in a blog online?) and SEE is standard in the Idrive 8 and not an optional extra (sorry I don't know whether it is standard or not - can someone enlighten me)

It was auto revenue that he said would double not total revenue. He also said every 12 months. Auto revenue was 12m australian dollars, total revenue was 47m for 2021. If his statement comes true then this year we should see 24m dollars for auto - 220m for FY23 is pie in the sky - doubt we will even get to 100m

18 months of association with Qualcomm? - the first RNS was in Jan2020 - so it's been public knowledge for 28 months!
I would imagine they were working together for months before that announcement as well.

It is really frustrating - not helped by ramping on subjects such as takeovers and £1 share predictions and a CEO who keeps suggesting deadlines for aviation deals, RFQ's decisions, etc.. which are clearly out of his control and therefore come and go without news.

However, the things that keep me here are;
i) Legislation is only 2 years away
ii) No other competitors are announcing major wins
iii) Significant revenue will come from our collaborations with Qualcomm and Magna - not so sure about Omnivision
iv) Due to legislation there are major fleet companies that need a solution, is there really any serious competition in this sector?

The time to start to worry is if competitors start announcing contract wins or the legislation date gets pushed back for some reason, such as WWIII

Also with every RNS they put out they need to start listing the companies using our tech at the end ie our tech is used in auto OEM’s GM, Merc, Ford, BMW; fleet companies Shell, National Express and used by Aviation companies L3, CAE, etc… - obviously better wording than that but you get the drift.

They need to keep reminding everyone who is using their tech

Let’s be clear there is no easy way out of this - Putin is a modern day hitler just listen to his tv announcement last night.

He wants the Soviet Union back so he may not even stop at Ukraine and even if he does, how can the world stand by and let this happen to Ukraine.

If he moves on others such as Lithuania then I think the SEE share price will be the least of our worries.

Or even months after SOP! i.e. Ford
If we have to wait until SOP then does that mean the SP won't really move from its current range i.e. 8-12p until 2024/25 do you think?

Looks like TEK went up from circa 10p in April21 to high 30’s by November21

I’ve been hoping SEE would do that for the last 9 years!

If AIM could arrange that for SEE this year but between now and June it would be much appreciated!

Is it just me or is anyone else not that excited about the half year results?

With qtr 1 revenue only 0.3m up on Qtr1 2021 which let’s be honest is poor considering the whole world was in turmoil during jul-sept 2020 due to covid I can’t see the market getting excited by the figures for half year.

The only thing that could potentially excite the market is more wins before the results but again we are 6 months on from Paul quoting 2 to 3 qtrs for the current RFQ pipeline confirmations and we have only had one announced.

We haven’t even confirmed the bloody f-150 which everyone but SEE are confirming - god knows what kind of NDA they have agreed to with Ford but it’s an absolute farce.

You also know damn well there will be no revenue projections in the update or confirmation on profitability dates. Any major OEM wins are now not going to fundamentally change this years revenue (or the next couple to be honest) so there is a good chance of showing less the 18% growth on 2021 in July 2022 given the poor Qtr1 revenue. Although value wise it doesn’t have to be more than 18% to show a growth on last years growth I think if they quote percentages then psychologically it needs to be more than 18% to get the market interested.

I think I’ve got a good chance of winning the end of year predictions.

And even if I don’t I’ll be a lot closer than the £1 predictions!

Spot on Soulboy - exactly why my year end prediction was as low as it was. That exponential growth is a couple of years away at least. Firm estimates of future contracts don't appear to move it as we have had 200-250m on the books for some time now and of course the additional 125m didn't shift the SP in December either. Perhaps a few more 125m wins will shift it, but my gut tells me actual sales growth is the key and as you say £30m is not really that big.

Yes number of shares is high for such a small company, so a share consolidation is likely in my opinion at some point in the future

"Hopefully any new ii interest in the company is now told by SEE that they have to buy on market rather then issue new shares."
And that could be the problem, I'm sure they said that after the fund raise prior to the December 21 one, but obviously someone like Magna was too big to turn down so they did another fund raise by issuing new shares. Who can blame them.

There are plenty of other companies who are too big to turn down. I notice that in the Stifel note it says "Key risks to our thesis include the need to raise funds" - a tech firm will always need to raise funds and SEE look like they will always have large investors who want in now.

However, hopefully each one should be slightly higher than the last one to appease those who invested previously.