Member Info for Lewbo18

Checkinbutyoudon,
I thought you were just being thick but now assume you are being pernicious.

You are posting information on Seeing Machines UK a subsidiary of the Aus company parent company. Of course you know this and are trying to imply high turnover when anyone who knows anything about setting a UK company up knows you are talking nonsense.

Clearly you have done neither DD on SEE, OR are thick as 2 short pieces of timber OR are working from the same computer (with the implied logins) as others posting here...

Checkout,
Wonder who bought the shares. Probably more important to focus on who bought....

So we've ruled out a low ball bid.
However I'd like to see someone buying 75% or up to 90% on the open market.

Checkmate,
Really? Is that it... Schoolboy error, Aussie rules apply.

Warren Buffet once said, "its important to do research so that you know what you're talking about.
Big boys buying out, could happen but Aussie rules apply."

Checkout,
You do realise that auto income is over 90% + margin and is happening now?

Fleet is profitable. Shell worldwide deal kicking in now.

Magna gave SEE $17.5m for a deal that would have happened anyway. And a credit at rates nobody could imagine in todays climate.

But DYOR of course

But

Checkout,
Not sure you can look at the company without the astonishing Magna deal that SEE agreed. But carry on...

VSI have had a member on SEE Board since March 2016.
Doubt its VSI selling, more likely FH.
IF it is VSI then he won't be on the Board for much longer...

Makes nonsense an II moving shares between funds at 5.5
Would have been at current market value. More like a distressed seller.. But more importantly a buyer

Chutz,

Worth posting this again as its significant.

From Cenkos report...
"at the time of FY22 results on 27 October that the active RFQs had increased from 6 to 10 in just a matter of weeks since the London Town Hall [presentation]".

4 more rfqs, and whilst Paul stated that our historic win rate was 80% and he used a 60% expected going forward, i think we all know where this is going...

https://www.proactiveinvestors.co.uk/companies/news/997969/seeing-machines-deserving-of-a-unicorn-valuation-says-london-broker-997969.html

£96k and due in 2024

https://www.autocar.co.uk/car-news/new-cars/new-volvo-ex90-brings-360-mile-range-%C2%A396255?

Quarterly will be in Nov for period end Sept. Must take a lot to count up those cars at near 100% margin!!!!

We dont have an RNS to cover this SOP so doubt its us.. Yet.

Yep, good find Chris.
That'll be added to the BDMS part of the chart on next update

Somewhat strange that Martin is doing it in Swedish and limiting his audience.

Also this was arranged a couple of weeks ago so you would have thought he would have sorted out their finances before now so that he at least say it was done.

In summary, Smarteye run out of money Jan. Redeye think they'll need 200m SEK which would last until Sept. But the feeling is they'll need at least that.
They can only arrange about 100m SEK by a fundraise, leaving the balance by loans. They would need to go back to their Board to raise more than the 10% the Board agreed (last April).
Interesting times ahead to Seye and difficult times ahead.

So with the Magna $17.5m hitting the books this year it may only take a half decent license agreement from somewhere to breakeven in FY 2023. Either way 2024 starts in July.... Interesting times.

Almagest, worth reading this.

https://techcrunch.com/2022/11/02/aurora-says-it-has-enough-cash-to-commercialize-autonomous-trucks-by-2024/

I'd have thought that GM would have been our main source of models, but they slept in on their first mover advantage. Ford seem to be pushing on big time and will be a great win for SEE over the long term.

Nah was never a sell. Trading under 7 last 3 days and takes time to deal that.