GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Does anyone know if Stifel has issued a note following the presentation of the results? It really ought to have raised its price target and given a clearer presentation as to why this is a strong buy.
I'm also hoping the Q&As from Investor Meet will be up early next week.
Thanks Pokerchips.
I certainly consider this an interesting stock. My only concern is what barriers to entry there are for other entrants in the domestic market? That said, it appears to have first-mover advantage.
One thing I've found to my cost is not to underestimate the cost and time involved in cracking a market.
Who is the seller that is dragging the price down? I assume a fund? Thanks.
In response to requests for more dosh I have to reply, (shouting like Cuba Gooding Jnr): "Show me the money!"
This clip captures my emotions perfectly. https://www.youtube.com/watch?v=FFrag8ll85w
I did like this particular sentence: "After receiving a non-binding verbal acceptance in respect of c. A$120m from Magna International Inc., in response to a recent RFQ process, Seeing Machines' cumulative Automotive order book totals c. A$310m."
Magna, based near Toronto, ranks No. 3 on the Automotive News Europe list of the top 100 global suppliers with worldwide sales to automakers of $40.83 billion in 2018.
Clearly, Magna doesn't want QC to eat the entire cake.
Pokerchips,
Can you please expand on your comments? Do you mean it doesn't take account of non-cash expenses, such as depreciation?
I'm not a holder but was before the share price consolidation a couple of years ago. Do you think another raise is on the cards? Thanks.
Roy's wife, Elena has thanked everybody with a message on the comments section of Safestocks.
"My sincere gratitude to all of Roy’s friends and colleagues for supporting our family during this difficult time for us. Take care of yourself and your loved ones!
Elena Holehouse"
https://www.safestocks.co.uk/2021/11/18/roy-holehouse-need-your-help/#comments
Sgreen,
That "beats the pants off" betrays the fact that I am secretly a Tesla 'fan man' when it comes to the way Tesla drives. I've not driven the Y model, though I have driven the Mach-e which is a bit bulky but does shift. From the reviews I've read the Model Y is certainly more engaging to drive and better put together from an engineering perspective . Watch the summary at 10m from Sandy Monroe here: https://www.youtube.com/watch?v=m1kHsd3Ocxc
However, when it comes to DMS I'm sure Mach-e is superior thanks to Seeing Machines.
Anyway, if Telsa is going for the Qualcomm digital chassis this should be sorted in due course!
Terry, Fisker is Seeing Machines: https://www.safestocks.co.uk/2021/04/26/fisker-set-to-use-see-occupant-monitoring-in-a7m-deal/
Of all the cars coming out in 2022 the Fisker Ocean is my personal favourite.
Btw, Tesla was one of the brands that Qualcomm is working with, according to a slide yesterday. Love for Seeing Machines to be in forthcoming Tesla models. Tesla Y is a pretty cool car and, aside from its current DMS, it apparently beats the pants off of the Mach-e.
Glandore,
You are right it is theoretically possible that a better DMS exists but according to my research that isn't the case. Those 30 auto marques will be going with SEE imho. Unless all the people who believe See is the best (from analysts to fund managers) are morons.
Re. the lack of figures in the RNSs, I think it is there for all to read. Even the original Shell press release failed to provide basic information such as the length of the contract. If SEE can't RNS all the wins, some surely could be released - such as an extension to a BMW contract - unless we are somehow constrained by Qualcomm. SEE is doing this to make money and the broker should be pushing for financial updates in any case.
Internally, there must be projections on likely Shell revenues/Aviation/BMW etc.
Roy is a straight-talking guy who I respect. It's a pity he may not live to experience the pleasure of being proven 100% right on SEE. It's a lesson for us all to redouble our efforts to get full disclosure on wins and get the share price where it ought to be for all shareholders.
For anyone at Seeing Machines reading this, I'd respectively request an RNS on BMW win. There are also about 20 other OEMS that we are waiting for. Maybe even brief Stifel so they can at least update their figures and forward guidance for next week.
And this is what a RNS with figures looks like. https://www.investegate.co.uk/open-orphan-plc--orph-/rns/-5.1m-rsv-contract/202111170700056028S/
I don't know who writes the SEE ones but figures are vital if you want share price to move up.
It would be great if Qualcomm officially confirmed Volkswagen today with SEE inside!
https://feed.yesauto.com/uk/a/volkswagens-electric-car-with-qualcomm-will-use-5g-communication-network_2_95_32416.html
I'd have expected Cenkos to at least try and do what that RNS failed to do; provide some context on the financial opportunity. If they don't, how can most investors do so? Wonder if Stifel will do any better?
Anyway, congrats Pat Nolan. Aviation Tier 1 in the bag. On the terraces they would be singing: 'SEYE: you're not singing anymore!"
Hi Jazz,
Unfortunately, sometimes management (in any company) needs to be encouraged to do the right, or even sensible, thing (Just look at our government!) Even those with the most power to do so, won't lift a finger to help. In the case of Seeing Machines Institutional fund managers won't do it on our behalf.
A case in point, Stifel notes are very hard to obtain and most PIs won't manage to obtain them. I think they should be available for free on Seeing Machines' website from now on. There is a cost to the company for doing so. However, those broker notes are marketing tools and many of us PIs have done and continue to do a lot of marketing for the company for free.
It's also very short-sighted not to try and promote the company to new private investors. Broker notes are a great way to do that. That is why many other AIM companies provide their House broker notes for free on their websites, such as DeepVerge: https://www.deepverge.com/investors/
I'd urge you all to contact the company and request that they put up Stifel notes on the website. If necessary provide other examples to them. Thanks.
Australia is far away but sometimes it seems like SEE is on Mars when it comes to obtaining clear information on the progress that is being made by this global tech leader. I'm tired of reading about other companies being overvalued when we are massively undervalued. At the risk of being boring, here are 6 simple actions that SEE can take to help us to go past 20p by Xmas.
1) Engage a quality City PR firm that has a track record of raising the price of tech stocks. It will have the guts to tell SEE where its PR strategy needs to be 'tweaked'.
2) Engage a quality broker to replace Cenkos. They must publish regular notes to a high standard and help management to communicate a strategy that convinces more fund managers to invest. If you can't afford Morgan Stanley, another will do.
3) Announce an auto contract win - you don't need to name the OEM so you won't be breaking any NDA. And don't forget to include some figures in the RNS.
4) Announce an auto contract extension. They are clearly happening and investors (and potential investors) need to know that progress is being made. And don't forget to include some figures in the RNS.
5) Give us feedback from the Investor Roadshow to US funds. Surely some more funds are buying in - so tell us about it! You can obtain details of holders below the 3% threshold.
6) At the presentation of the results update us on the auto strategy going forward. After 4 months you must have a clear idea of what your strategy is regarding the deluge of auto RFQs you are dealing with. Clarity is required after the comments made in previous interviews.
Anyone else looking forward to Paul McGlone's 'strategy update' on the 24th? I know I am. If he does a good job answering the questions he posed in this interview at 13minutes we could be 20p+ by Xmas! https://www.youtube.com/watch?v=7PP9JOOuaOI
Of course, I'm expecting some heavy lifting from Stifel (or should that be Stifle?) and Panmure Gordon.
Apparently, Panmure Gordon is still covering Seeing Machines, although it has not published a note for quite a while.
As Stifel does not provide PIs with its broker notes, should any of you obtain one please do post some information on here -- the price target would be nice. Back in Jan this year it killed the price rise with an 11p price target when the price was 12p!!!
As for Cenkos, I assume they'll withdraw coverage -- although I've heard someone suggest otherwise.
There is a huge positive here. Any takeover will be much easier dealing with just one combined nomad and broker, particularly one based in the US. QC can't hang around too long as eventually they have to reveal their auto wins in detail. At that point the penny drops around the globe and SEE shoots up. Far, far better to make a move sooner rather than later imho.
I bet Amon wasn't too happy when Magna tried to eat his Arriver lunch. He looks like a guy that kills for food. 50p might do it before Xmas but once SEE RNS all those auto wins/license deals in Aviation etc the price goes up . Picture PM as Liam Neeson renegoitating with QC after Xmas and all the CES news.
https://www.youtube.com/watch?v=6OMkGg2HdUw