Member Info for isb1974

So why post it then? Just to remind all the rampers what they were frothing at the mouth about 6 years ago?

That's old news they are now salivating about robotics and 3D mapping and I bet that comes to very little over the next 6 years just like the 3 pillars

Next you will be dragging up the 3 legged stool cr*p which is now barely a one legged stool given the state of aviation and fleet

One line in this RNS has killed the SP for another 3 months until the end of June

If you remember correctly in October Martin Ive said the financing of the convertible note would be resolved by the end of March

So they have now kicked it down the road for another 3 months

Who in their right mind will buy this share before the end of June when the possibility of a share issue still hangs around.

You would have to be insane to buy more or perhaps just have a make believe son in your head telling you to buy more.. oh wait a minute...

As for serious posts - there aren't any because the company doesn't announce any contracts or anything worth talking about so the void is filled with rampers and derampers talking sh*t.

Other than kicking the note down the road for another 3 months there was nothing new in today's release.

So we now wait until May for the KPIs - anything under a million will be a real concern as it will just make people think that the numbers have been exaggerated.

Of course they may surprise us all and announce a contract or an extension but I doubt it.

The problem is seize if the total potential is 2000 units as you have highlighted they have probably only agreed about 50 so far so it's not really a big deal.

Bit like the last fleet deal where apparently according to PM the customer had tens of thousands of vehicles but only signed up to 1,100.

One day we might actually sign a contract for 50,000 units - surely we will win one like this out of the EU legislated market of 330,000 vehicles a year at some point?

Although as someone rightly pointed out some years ago PM did only predict a 10% market share so that would be 33,000 units. I wonder who he thinks is going to win the vast majority of the 330,000 market.

So much mystery again in both auto and fleet in the year of the DMS. Sorry that was 2024.. oh and 2025 - so this must be the 3rd year of the DMS!

The plus point is we seem to be holding 3p

Yep loads of headwinds

All going to impact those KPI numbers, less than a million in May no doubt

All affecting profitability and the ability to pay the loan back. What a wonderful deal that was by PM - one deal of note from Magna from a 3 year exclusive deal and a massive loan to pay back.

Welcome back Maps

Betamax were technically better

Mobileye is only fecked if Iran bombs it

Who is going to buy SEE? Oh I remember the days when people were talking about Google or apple buying SEE 😀

Seeing2020

So a bit like the latest fleet contract SEE announced then

No financials just 1,100 units but apparently they have tens of thousands of vehicles

Yet people like Maps (who must have sold out as he has disappeared off the face of the earth) clearly decided it was Amazon and we would clearly get tens of thousands of units out of it.

PM stated many years ago he thought there would only be two DMS suppliers eventually - who would have thought that would be Mobileye and Harman

It's funny how when PM spouts figures, it's taken as gospel by the rampers but when mobileye state millions of vehicles and multiple models apparently no one knows how significant the win is.

If it's not Ford, it's GM - either way the opportunities for growth in auto are dwindling rapidly.

What did PM used to say - contracts are sticky? BMW and Ford/GM clearly not listening to him

50% of the EU market is only circa 6m units at $9 each is only $54m a year

See will need a lot more than that to get this SP into double figures again.

The US market dwarfs the EU in numbers and we have just lost a significant portion of it by the sounds of it

According to PM auto RFQs have been delayed?

Did he now know about this one?

Did he know they had lost out on a big one to Mobileye and therefore just decided to claim they have been delayed

Always thought Mobileye would cause us problems when they entered the DMS space but all the rampers said they were nothing to worry about.

Well it looks like they have taken a large OEM in the US off the table for us.

But how is this possible, we are the best, we have 3D imaging, we have alcohol detection, we do human behaviour studies, we have billions of real life data - all means nothing if you don't win contracts

Another example of PM failing to deliver

3 months gone of the year and absolutely no new contracts to shout about, desperate times.

Completely agree DreamMachine

The lack of contracts materialising after many claims by PM has been the problem for years, just a few;

Nov20 - apparently inundated with RFQs

Qualcomm - any deals will have a material impact on the business

3 years ago? At least 4-5 RFQs for the mirror location and there is no competition

3 years ago? Aviation - 330 planes and 30 Sims

3 years ago? Fleet - 6 figure volume RFQ which SEE is the only one on the RFQ

3 years ago? On bloomberg tv - statements of 50,000 fleet vehicles a year

Oct 2025 - 2 significant fleet deals in final commercial negotiations and will be complete by end of 2025 - still waiting

Oct25 - significant RFQs - 50% due by end of 2025, 50% by June 2026 - we have had two one for 15m and one for 1.5m for 2028

Nov25 - Japan dev project with contract to follow in 2026 - no surprise nothing since

20 fleet trials including 18,000 on a 6 week trial last summer - still waiting

And they are just the ones I can remember off the top of my head

You are correct current contracts will take 12 months to pay off the magna loan debt

Let's see what bs PM comes out with next week

I would imagine people are going to be thinking more about how can they afford their energy, food and general living costs than thinking about buying a new car and that's even if they are still in a job

Recessions in Europe are likely if the war continues, leading to redundancies and lack of money for new cars

AI will also drive redundancies and again a lack of money for new cars

It may not fall of a cliff but I can't see new car registrations helping SEE in this current climate

Exactly, the world is imploding yet yesterday you were ramping the hell out of this share talking about things as if they are guaranteed

Car registrations are going to drop off a cliff so the KPIs aren't going to be anywhere near where the company have stated for the next 3 sets of kpi's

That will have an adverse effect on profitability and being able to pay off the magna loan

Perhaps if PM had delivered just 25% of what he has said over the last 3 years it wouldn't be so bad, but he hasn't so the world situation will impact us more

A double digit SP is cloud cuckoo land until well into 2027, if that

By the way it's now 33% and not 47%

Don't want to be picky horz but when I looked at the year chart it tells me 37% and not 47% - give it a couple of weeks and it will probably be less than 10% as well

Baxter, I see that "upward trend" is continuing today!

H1 results on 27th March

Will be the usual bs proactive interview and nothing more

Early May kpi's is the next thing to look forward to - anything below 1m cars and 6k fleet will be a disaster

Of course we may get some bad news on the magna loan before then but don't expect anything else

Certainly won't be hearing about more orders for Amazon or progress on the 18,000 6 week fleet trial that took place about 9 months ago

That 18,000 fleet will never be heard of again just like the 330 planes RFQs and 30 Sims

Don't think I've told you that at all so just like your guesses over FedEx, coca cola and Amazon, you are wrong on this one as well.

Not very good on your predictions are you? - still waiting for that order bank worth a billion that you kept banging on about 5 years ago as well.

How's that comparison of yours coming along with mobileeye as well, looking forward to that. Still think you've got plenty of time though to complete it as this SP isn't moving anytime soon unless it's down.

The ramp up in auto kpi's over the next 12 months will basically just about cover the magna loan.

Gen3 is a failure just like gen2 - legislation is coming in in 5 months time and we have announced bugger all from an EU addressable market of 300,000 vehicles - if they can't sell it with legislation behind them then no wonder Mitsu has delivered nothing of note from America

As for the wildcards - people have been saying that for over a decade now - Qualcomm, magna, valeo, Collins, eroad, geotab, omnivision and at least 15 more collaborations - what have they led to? - yes magna VW but what about all the other mirror location RFQs

There will never be a wildcard they are just put out there to make people believe - doorbells, autonomous cars, robotics, rail

New car regs are clearly going to stall now given what a mess the world is in with so many wars so it wouldn't suprise me if the next 3 kpi's are all below 1.5m rather than the 2m people are expecting - the next one may even struggle to get over a million

Unfortunately ACinceptisABrick it looks like you have - 7p in 12 months time is probably the best we can hope for

I take it no one has an explanation for the gap?

And because of that people just resort to insults

So we keep being told about this $395m order bank that is all due by the end of 2028.

Just interested to know what makes that up

We have been told the EU market is circa 15m vehicles and we will have over 50% market share, so roughly 8m cars.

At $9 each, that's 72m a year, so not even 180m by 2028

Where is the remaining 210m coming from?

Not more rhetoric from PM surely?