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Despite all the progress in Auto and Fleet, I do worry that we have too little impact on the broker front for a global tech leader. The VW win should have doubled our share price in a day. Why didn't it?
I think part of the problem is the lack of impact on the broker coverage front.
For example, it is shocking that Stifel hasn't upgraded its price target on Seeing Machines since Feb 1st 2021, when it raised from 11p.
Indeed, Stifel actually issued a note on 29th Jan 2021, reiterating its 11p target, when our share price was 11.7p.
It has been said that Morgan Stanley is rather expensive to engage as a broker. However, it is also arguable that using them would be a wise investment. Adam Jonas has a very high profile and could easily triple our market cap, imho. Would we be 10p now had we used them 6 months ago?
Terry,
Re. the football analogy, SEYE and Cipia have as much chance of winning big contracts from SEE as Newcastle of winning Premiership. I wonder what Martin will do to deflect attention from that fact? Buy a back-massage company for car seats?
In particular, I'm expecting quite a few Swedes to find their way to this board over the next couple of months.
I think we do need Stifel to step up to the plate and inform investors of what a grip SEE now has on the auto market. A one-page note, with no real insights as well as out-of-date pipeline estimates, won't cut it. It undervalues the tremendous strides that Seeing Machines has made in capturing the global auto market. Now for that Volvo RNS, eh?
I dare say a Caterpillar-style license deal, with significant upfront revenues, that brings forward profitability would do the job and force immediate upgrades from Cenkos and Stifel. I think analysts have been holding their fire in anticipation of just such a deal in January. We shall see, I guess. Then further upgrades on the back of OEM wins, while we watch SEYE slide below 150.
Then SEE will rinse and repeat....all the way to 189p...tomorrows looking bright...https://www.youtube.com/watch?v=-UajuBAUkBs...only a market crash can slow us down now.
This is one reason SEE sales are going to be huge in China: https://media.ford.com/content/fordmedia/fna/us/en/news/2021/12/26/mustang-mach-e-is-delivered-to-first-customers-in-china.html
Good point Bonzo. Always good to look at the contra case.
There is resistance in some quarters from this technology but , as others have stated it is mandated now. Of course, that doesn't mean that drivers will necessarily embrace it but, with effective comms and case studies, they should.
One great advantage of See tech is that it doesn't spam the drivers with false indications, unlike many other products. This is especially the case with Guardian, which is far superior to many dashcams which do that. Drivers certainly do need to be educated as to the benefits of this tech (we've lived with it so long we take it for granted), which isn't there to spy on the driver but to ensure their safety and that of other road users. 'A friend in the cab' sort of thing.
Aspers,
Day-traders are the bane of these boards. They share precious little accurate research and provide lots of opinionated nonsense.
Seeing Machines has done well but share price has barely reacted, which is an opportunity imho. As a reminder, read this today from Safestocks: www.safestocks.co.uk
Have a Merry Christmas guys and gals.
While people wonder why the share price isn't rising you can bet your life that Stifel is urging its clients to buy SEE shares. It is poor that we're not privy to Stifel's notes (for the few, not the many). Nevertheless, we've information enough to know that Seeing Machines is going to walk away with a huge chunk of A$1bn RFQs by our 2022 financial year-end, with the same again the year after. Paul McGlone has said as much.
We've won VW...and, I daresay, effectively won a host of others yet to be announced. Our growing pipeline is something that many players covert but few possess.
Fleet is doing very nicely and will grow at least 40% this year. Indeed, the National Express takeover of Stagecoach will grow our market share there and there must be much more positive news coming re. Shell and other clients/partners.
In addition, CES will be huge for us.
The share price hasn't even got going yet, because Mr Market is awfully dumb at times. Be patient. Do some research and discuss.
I predict we'll soon get visits from a host of mickey-taking daytraders, like said fellow here. That's a good sign.
That is huge news Seeing2020. Maybe, when they put out the Magna RNS they can include in the headline....'SEE auto pipeline rises to $440m with $120m Magna win'.
Encouraging that the company has made the effort to provide a more comprehensive set of answers to our questions. Expecting big news at CES in early Jan. Meanwhile, expect a few tree shakes.
No, they sell them...lol. Do some research and you'll soon find out that they're set to pop in 2022. If you don't believe me, do some research. And keep an eye out for announcements in early January from the CES Show.
Guardian is way more advanced. It can actually prevent accidents due to driver fatigue and inattention. It is the aftermarket product from Seeing Machines for the Fleet/Bus market. The tech is in lots of cars: Mercedes S Class, Ford Mach-e, Ford F-150, Fisker Ocean, Cadillacs...take a look at the link I sent earlier to gain a quick understanding. Insurance costs for National Express will probably fall with this kit installed.
Despite being a lowly AIM stock, based in Canberra, Seeing Machines is the global leader and is really going to dominate this market.
This link is better, I think: https://www.investegate.co.uk/seeing-machines-ltd--see-/rns/guardian-award-with-national-express/201907300700111103H/
You're wrong chum: https://www.**********.co.uk/articles/seeing-machines-secures-contract-with-national-express-c80258c/
National Express is effectively taking Stagecoach over in an all-share merger. As each Stagecoach shareholders gets 0.36 of a National Express share, your shares are worth approx 86p at today's closing price of National Express shares. That said, Peel Hunt has a price target of 335p on the combined group, so you might gain by hanging on.
For those thinking of jumping ship within a couple of weeks, it might be worth taking a look at a company called Seeing Machines, whose vision-based driver monitoring system (called Guardian) is being used by National Express. You can learn more about it here: www.safestocks.co.uk . I own Seeing Machines stock so I am biased. You must of course do your own research.
I think you have to register with Investor Meet, but it is free: https://www.investormeetcompany.com/