Member Info for MAJOREM

Here's a quote from an article on Barron's:

"The company expects to get a green light to identify the new Western auto maker in the next month or two, he said."

This is the kind of issue we deal with, obviously!

Smarteye is so unoriginal. I just had to say it.

Qualcomm says push into auto chips beating sales targets...

Glad to see progress out of all of them...

The fact that less than a million shares of SEE traded after the Gen3 announcement says a lot. The performance gap between Russell2000 and AIM100 is still 20% (R2K+, AIM-)since the beginning of 2023, and about 600 bps since the end of September.

I assumed that KPIs and bi-annual financials will be primary driver of stock price until they're minting money...

Heading for this post is in honor of how bad this message board has become. We are near capitulation levels...

150 million in total future revenue added 60 million in additional market capitalization (before today's 5% give-back). The market over-reacted to that positive news. Sales do not equal net profits. They'll be lucky to make 20 million in profit on that contract. Present value of that is probably less than 10 million.

This will sound like rationalization but I wonder if these all end up being multi-sourced deals? Especially after recent lessons learned on supply chain disruption risk.

The Russell 2000 over in USA has gone from a 52 week low to a 52 week high in 34 days. Many small-cap stocks went along for the ride regardless of fundamentals. That's why SEE needs to get off the AIM exchange and float somewhere that actually has liquidity. It's worth the extra free hundred thousand in expenses to register with the SEC and join the big boy public company club. They could even top off the tanks in terms of capital without much if any dilution.

Just to be clear, I'm happy. I actually bought more today.

The delay reference is really just a reality. Toyota might go with SEYE today, but there is a good chance they find out they need SEE after all. I hope we charge accordingly!

Good weekend everyone!

I am worried that SEYE will compete on price to win business and delay SEE's breaking even. They've done that in China and with BMW. All of my modeling assumes SEE gets a third of the market over time. Fleet and aviation are bonuses. The stock will be worth 40p or more over time if they reach most of their goals. Keep an eye on Magna, their stock is doing great. Lastly, hard to get any traction when large shareholders buy/hold 40% of the float and the rest of us still trapped on the AIM exchange for "misfit and forgotten toys."

All that matters is whether or not the company can get to calendar year 2026 without another dilutive share issuance. If they can, this stock will be worth 40p or more. If they can't, Magna will get the whole thing for 11p. The hardest part is always waiting.

I agree. And have for years.

There's an interesting article on Bloomberg about how the gap between FTSE All Shares and FTSE AIM100 is extremely wide and likely to lead to acquisitions. I really hope SEE isn't stolen for a song because of the trading exchange vulnerability. Good news is that we know a handful of investors own nearly 40%+ and expect multiples on their money.

Https://downloads.regulations.gov/NHTSA-2023-0032-0051/attachment_1.pdf

Enjoy...

Really interesting point about DMS/OMS SAVING a lot of money vs other safety features (eg seat belt clicked yes/no?) If they can defend ASP above $10 for 5+ years, those forecasts for $1 or even £1 will not be fantasy.

Question was about SmartEye running out of money...

Answer = Considering the new SEK50m credit facility in place, we currently estimate Smart Eye to reach positive cash flow with more than SEK100m to spare. However, if there is one thing that would require even more cash, it is delayed ramp-ups. As we believe the primary revenue drivers will be ramp-ups from Audi, Porche, Volvo, Polestar, KIA/Hyundai, Nissan, Mitsubishi, and GM, we think Smart Eye is well diversified in this sense. As such, only a significant event like an invasion of Taiwan would be enough to affect all OEMs at the same time.

Are those OEMs correct? GM? Porche/Audi (given VW)? Or dual-sourced?

True but we might have some noise in this quarter's KPIs related to the UAW strikes... not making excuses - just preparing expectations. I'm guessing that after December is over (FY24 1H), they'll talk more about financials than KPIs. Then swap back to focusing on quarterly KPIs with some design wins sprinkled in!?

Banque Lombard Odier & Cie SA (managed funds)

Lombard Odier Asset Management Europe Ltd

Split roughly evenly...

Also, and importantly, 4-star Morningstar fund, Federated Hermes Kaufmann Small Cap Fund, still owns 385M shares.

And Herald Investment Management Ltd owns 196M shares in their Herald Investment Trust PLC

Back in August, Polar Capital Partners and HANSAINVEST were selling chunks... not much institutional selling since, at least none reported (which probably implies sellers are not SEC-registered)...

I never know if this is competition or future royalties!?Argh...

Do we need any more reasons for getting off this decrepit exchange?

A "system incident" halted all trading... around 3:10PM.

The AIM 100 has underperformed the Russell 2000 by nearly 1800 basis points, and is bouncing around a 52- week low. Seeing Machines stock has had this as an anchor around its neck all year (all its life)... nonetheless, it's outperformed Cipia and SmartEye over the past year as well as the AIM100. Cleanest shirt in the dirty laundry!

That "road to autonomy" podcast was incredible... anyone long or short should listen to it.

MIXT has always beem a good partner to SEE; hopefully there are some cross sell opportunities!

The AIM 100 index is down 16.0% through today...

SEE is down 15.4% over the same time period (in£)...

MBLY up ~13% (in$USD)

Magna down 3.5% (in$CAD)

Aptiv up 1.6% ($USD)

BOSCH up 11% (local currency)

Valeo down 6.8% (in€)

Ford up 12%, GM down 6%, Tesla doubled, and Toyota up 39% (in¥)...

CAT up 11.9% ($)

I think SEE's main failure is the management/company NOT expending much/any effort to improve perception, company association, location of shares, etc. All of these are relatively easy AND inexpensive.

Small Caps remain in the penalty box in part because many of them require financing to fund operations... we know SEE should not be lumped in with this assumption.

Magna deal was huge... as it funded SEE to cash flow positivity. It also SHOULD have put in a floor for the stock price at around 11p.

I think the macro factors couldn't be much worse for SEE (factors out of company's control). Regulations are also factors out of the company's control and these are (hopefully) about to become a gale force wind at the company's back.

I've waited 8 years already... what's another few? Especially if these next few are epic!