Member Info for Jins

.. Well thats what SEYE say.

"The Volkswagen procurement will be finished imminently. Volkswagen sells
almost 11 million vehicles per year and is the World's second largest car OEM
(second only to Toyota), meaning significant catalyst potential *for whoever*
would win Volkswagen".

*amended for the purposes of this post*

https://res.cloudinary.com/redeye/image/upload/v1590556880/growth-day-pdfs/2.2_smart-eye-20200526221055.pdf

The question is, is that a Paul McG definition of imminent or the rest of us definition of imminent!

https://www.redeye.se/research/787135/smart-eye-dms-is-the-last-thing-oems-cut-back-on?utm_source=note&utm_medium=email

Thank you Viktor!

Its a very illiquid stock and...
https://www.investegate.co.uk/ocean-outdoor-ltd--oout-/rns/-35m-debt-financing-and-2019-results-reporting/202005290700072929O/

All you need to know:

"We see today’s announcement as positive for shareholders as, despite an
expected small reduction in revenues for FY20 in the range of A$3m, we expect the additional
cost reductions to more than offset this, leading to upside to expectations in terms of cash. We
iterate our Buy recommendation and 7.0p price target."

Done exactly what I hoped the company would do, with 20% in hours and salary + making use of JobKeeper program. A$12m saving is a decent saving.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SEE/14544885.html

Taken from Linkedin page:
https://www.linkedin.com/in/michael-brown-a1411936/

Volantis Capital was acquired by Lombard Odier Asset Management in order to grow their alternatives platform. 1798 Volantis (a team of 9 with 6 investment managers) invests c£1bn in UK listed and unlisted companies through both equity and debt. As a team, we sometimes take large holdings (up to 29.9%) and this lends itself to also taking board seats as part of our stewardship, active engagement and value creation approach.

It seems a normal part of their strategy

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SEE/14539490.html

Eyesight are working with Samsung.. not sure about Hyundai Mobis...

https://www.prnewswire.com/news-releases/eyesight-teams-up-with-samsung-on-driver-monitoring-system-300774061.html

other than the sp, no.

Reports like this remind me why I initially invested in SEE. Thank you for posting.

Just a shame past management failed to capitalize on its potential. Current management still have a lot to prove

Simply Wall Street suggests a 49p Fair Value.... seems about right to me!

Guess it highlights the difference between Wall Street valuations & AIM valuations

Pros
Great people
Excellent Technology
The people truly believe in what they are doing

Cons
16 plus executives all bickering.
Recruitment
The declining culture
Disgusting handling of departing CEO, heads should have rolled

Advice to Management
Too many cooks

No further dilution!

That's all I really wanted to hear!

Thank you for the detailed & honest response. I echo Escovido's reply.

When will Gen 3 likely be available?

Thank you for clarifying.

What caused the fleet issue last year? was it a coupe large anticipated orders in NA that didn't materialize?

Welcome Ken, thank you for joining the board, got to say its extremely brave of you as there's a lot of emotion attached to SEE's SP and the past 12 months haven't been easy for long term holders.

My questions are:
1) What led to the fleet debacle ('TFD' as its referred to on here) where FY2019 & subsequent years estimates were so drastically cut. Did a couple of large NA orders fail to materialize?

2) Obviously this led to TFD#2 ('the funding disaster') in March, where shareholders were diluted so heavily at such a low price, after a significant funding only 15 months prior. What other funding options were looked at? Panmure were certainly very scathing and reflected many of our opinions.

Best regards

Very fair comments Odiseo, certainly didn't deserve to the response you got.

"We have worked particularly hard at increasing the high-quality recurring revenues in both Fleet and Mining.

Management believe the current value of those contracted revenues alone underpin the existing market valuation of Seeing Machines, before appreciating the self-evident value of the considerable and growing order book in our Automotive division".

So management think that our current value only covers the value of the Fleet business and ignores Auto or the value of our data!

Excellent, glad to SEE management now on the same page as the shareholders!

was a former VP Business Development at SM:

https://www.linkedin.com/in/stevenfletcher1/?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAAAXKW24BQr14jH7-X1yDK4aZanpVMcrXdFs