Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As Seeing2020 coined the phrase 'McDelivery', I may be infringing on his copyright by stating PM has delivered on his promise that we'd win sizeable auto contracts this quarter. Still, it is true. Moreover, I'm confident we'll have a lot more good news coming out of CES - not least the launch of Gen 3 Guardian. Those buying at these levels should have a lot to celebrate in 2024. Where is Baxter today? (In the soup?)
Thanks Baxter for your view, doubtless based on your customary level of deep research and forensic analysis. Given SEYE's track record I'm quite content to stick with SEE. If I had the funds I'd certainly be taking advantage of this 'buying opportunity'.
This appears to be a relief rally, as a fundraise will give it some breathing room. However, I'm disappointed management tried to BS that a fundraise wasn't needed when it was obvious it was months ago. Unless you're heavily into this there are stocks offering good upside without the risks.
It was good to get an auto contract yesterday, although it was 'only' $15m minimum. However, I'm expecting a bigger one before Xmas as revealed by both PM and Ives recently. That ought to set us up nicely for the official CES launch of Gen 3. What kills me is the fact Stifel don't release their notes for SEE, although they do for other AIM stocks. Can SEE please do something about that? He who pays the piper and all..
Haggis,
Are you a reincarnation of ShortWhacker?
It's a jam factory that is now, finally starting to ramp up production. You can have it in 3 flavours; auto, aviation and aftermarket. But I've a feeling this brand won't be around for too much longer before it gets bought.
Here are 2 websites that provide stats on car sales. They are well worth bookmarking for future reference.
1) Bookmark this site for European figures: https://www.acea.auto/figure/new-commercial-vehicle-registrations-in-units/
2) When VW does launch with SEE DMS, our quarterly figures are going to go through the roof. The Volkswagen Group website displays the monthly deliveries to customers: https://www.volkswagen-group.com/en/deliveries-to-customers-15741
(Note that even trucks are provided).
Cheers to all. (Even you Baxter...lol).
Well Baxter,
I can appreciate your frustration but don't lash out at those who actually do some research and spend time and effort analysing where this is going. Even you must admit that the financials are improving and we've now 1.1m vehicles on the road growing every quarter.
I think a little bit more patience is required. Did you not read the RNS re. Collins? Have you not seen what it has developed for the aviation sector working with SEE? Gen 3 Guardian is going to be a game-changer.
I have this mental image of you in a kilt and sporan, gnashing your teeth at anyone who is positive on the business but, aside from the share price, the business has never been stronger. Give it to Xmas and if we've not had a big auto RNS and news of the Gen 3 launch I'll join you in dancing the Highland Fling on PM's proverbials.
Baxter,
For someone that has had nothing good to say about Seeing Machines, you seem to spend an awful lot of time on this board. FYI information Seeing Machines was in discussion with Bosch back in 2018 only a take-out price couldn't be agreed.
Then of course the issues with Fleet surfaced and we had a rough few years, what with Covid.
You can call it Phish but regardless of the exact date we expect SEE to get taken over, most of the investors here expect that to be the end game. Besides, what have you ever contributed to understanding the company, the drivers and where the business was going? You do no research but just come on here to moan.
This business is doing well and it's a huge frustration that it isn't reflected in the current share price. Unfortunately, the share price doesn't appear to be a key concern of the management. Here's perhaps why: https://www.safestocks.co.uk/2018/07/12/understanding-management-priorities-on-price/
This isn't a damning criticism of the company. I'd rather they put the business first than trying to 'fix' the share price with rampy stuff (like some of our competitors). However, it needn't be an either/or. Indeed, there is much to be said for putting some thought into increasing the share price, if only to keep current investors happy and attract momentum investors.
Still, I'm convinced that the market is close to re-evaluating this company's intrinsic value. It just requires a few more large contracts, which I expect to happen soon.
Johnny19,
Thanks for that. Certainly, those quotes in the article are open to interpretation although Stifel appears rather conservative yet again. Only PM can clarify, which I hope he does at the Investor Meet presentation. I still think that before the end of this calendar year they'll launch Gen 3 with big volume contracts (plural) coming in H2 2024. Good luck to all holders.
Hi Johnny,
Do you have the source for that comment? I'm hearing the official launch will be before H2 24 but PM should confirm at the Investor presentation. It's too big a project not to update on. I am also anticipating huge orders for Gen 3 in this financial year.
Thanks.
I'm looking forward to hearing Paul McGlone confirm Gen 3 will be launched this quarter at the InvestorMeet presentation.
Guardian has the ability to save countless lives and prevent truck and bus accidents across the globe. It's a no brainer to install it for companies, as the costs of not doing so could result in huge legal costs in the event of an accident: https://abc7chicago.com/pace-bus-chicago-settlement/13028935/
See really needs to be more aggressive in putting the message out to the media and marketing the benefits to companies.
I'm looking forward to hearing Paul McGlone confirm Gen 3 will be launched this quarter at the InvestorMeet presentation.
Guardian has the ability to save countless lives and prevent truck and bus accidents across the globe. It's a no brainer to install it for companies, as the costs of not doing so could result in huge legal costs in the event of an accident: https://abc7chicago.com/pace-bus-chicago-settlement/13028935/
See really needs to be more aggressive in putting the message out to the media and marketing the benefits to companies.
I agree, no one deserves to get wiped out. This was high risk even when it was much higher. Most of us have experienced losses in our time. The important thing is to learn from it. Good luck to all here. And those who recently ramped this should have a conscience and try harder not to lose their integrity.
Oldfool13,
I agree the ultimate decision is with the car manufacturers but PM felt sufficiently confident to say we'd win contracts (plural) in the "next quarter". All I want is clarification and an update. Surely, that's entirely reasonable? I'm sure some fund managers would expect the same and as we know (remember the Italian job interview) it isn't an even playing field for PIs and IIs.
It would be instructive to know from PM what Stifel has delivered in the eyes of the board. Maybe they were retained for past favours re. fundraises. The US investor presentation didn't appear to make any appreciable difference to the share price. If they'd brought lots of US funds into SEE it would surely have gone up in price? My worry is that Stifel is in it for the IPO pay-off. and is interested mainly in punting that. Given I expect a market downturn the IPO route in the next 12-18 months seems a big mistake that will divert management attention when it is vital to focus on the business and break even.
That said, when SEE does close more big contracts it probably will find Stifel only too happy to upgrade estimates.
glandore,
i knew someone was going to kick my **** for no.4. still, i think it's the cherry on the cake. the reason this will go for many billions is the ability to license out the tech to multiple industries. they need to get the message out there. it's not an either/or. anyway, thanks for the feedback.
i'm still very positive but now is definitely time to get real, tie the contract wins down and get the share price up. the future is now....blah, blah, blah.
Hi Ladies, Gents and green blobs,
Is it worth coordinating our questions for the Investor Meet presentation so that we have at least 7-8 questions that are good enough to elicit precise answers from Paul McGlone on the day? Previously, I seem to remember him spending valuable time answering some very weak questions, with only a few really strong questions posed to him. Most presentations allow follow-up questions to elicit a precise response so maybe SEE will do that for us this time?
Personally, I'm very keen that we get:
1) The Gen 3 launch date nailed down, with insights into supply volumes and likely contract sizes. I'm also a bit hazy on who the distributors are and the degree to which Mobileye will be pushing it to their client base.
2) Confirmation that we'll get auto contracts announced by Dec, as mentioned by PM in his last interview. It was open to interpretation and the Proactive dude failed to nail him down.
Here's a link to that interview:
https://www.proactiveinvestors.co.uk/companies/news/1024336/seeing-machines-upbeat-on-growth-trajectory-and-funding-position-1024336.html
However, PM did state at 6m 15 seconds: "We will see, I think, a pretty strong run of RFQ awards over this next quarter". As the interview was published on August 23rd I assume we should get them by December. If this timing has changed, he must know and should update us.
3) An update on the likelihood of a big Aviation contract in the next 6 months. SEE appears to be working hard on deliverables, I'm just not 100% clear on what they are and the precise timeframes. There was talk of a huge 333 plane pilot monitoring contract a year ago in the Italian job interview. Safestocks wrote about it here: https://www.safestocks.co.uk/2023/02/
4) One analyst appeared to hint at new products for new areas, as mentioned by Safestocks in a 4th August post: https://www.safestocks.co.uk/2023/08/04/seeing-machines-rises-in-expectation-of-positive-trading-update/
I'd like some clarification. Here's the quote: " In a note dated 21 July, 2023 Robert Chantry stated: “We also expect the company, in the medium term, to leverage its significant knowledge pool and expertise to develop new products and adjacent technologies, particularly once it has achieved breakeven at EBITDA. This might include other types of transport, as well as revenue streams relating to marketing.”
That's it from me. Thanks.