Member Info for Maplinman

Unconvincing presentation from Smart Eye. What was funny was Martin looking at his feet when telling porkies. He stated: They will fund interior sensing developments from the profits from DMS....doesn't seem to realise they aren't making any profits and aren't likely to giving their tech away for US$3. They also refuse to divulge quarterly KPIs for cars on the road with their tech. Another raise seems just around the corner as even their boy 'analyst' must realise.

Meanwhile Stifel have confirmed, SEE doesn't need a fundraise and all is tickety boo: www.safestocks.co.uk Whoever bought at 4p yesterday got a bargain.

Thank you Baxter,

I look forward to buying you a pint of San Miguel when this ugly duckling has turned into the swan I believe it really is. Till then, I'll picture you as dour Joe from Love Actually: https://www.youtube.com/watch?v=29OnxnW5luo

Baxter,

I'm looking forward to meeting you one day, I want to see you smiling later this year when the share price has multi-bagged. You grumpy bugger.

Very amusing CFP. You made me smile.

I look at this investment with a critical eye and I see nothing to damage my original investment thesis. See is H2 weighted. I'm expecting further auto wins, more Aftermarket deals, BDMS revenues and an aviation product with Collins. What's to worry about? As for monthly cash burn, it has been reduced and we have sufficient cash to last till we turn cashflow positive. Now, I will be keeping an eye out to ensure it pans out the way I expect.

I'm constantly researching into this to ensure I don't get blindsided, act on confirmation bias etc. I thank all the negative posts on here for keeping me sharp. On March 8th, I get to see the H1 figures - great. There was nothing produced today that is a cause for concern as I know why the auto figures didn't increase as much as expected. Re. reducing cash burn, Ives is doing exactly what he promised.

What would worry me is a) an poor aquisition before breakeven b) an IPO at the top of the market. Aside from that I can wait a few more months for this to multi-bag. Doubtless you and the other knockers will increase their holding as the KPIs shoot up this year and we win more contracts. If not, it will be me with egg on my face.

I wouldn't panic because the auto figures went down very slightly for one quarter, there are relatively few models being produced and so any issue in even one model would account for the relatively poor figure today. VW is going into production and as Colin Barnden has explained that will: a) boost KPIs b) prove that the rear vw mirror is the way to go for many sceptical OEMs.

I also don't forsee any issue re. cash - we apparently have sufficient to breakeven. At least 2 analysts are of the same mind.

Brokers want your shares now as it's clear to the pros that this is going to be a winner. I'd advise even the nervous nellies to wait a little longer before throwing the towel in.

Lombard Odier's stake has reduced from 13.88% to 10.91% following this raise. Isn't that a negative, as they didn't top up their holding? Yes, the company has more money from the raise but how much is it after fees? For me this is too risky.

News doesn't look good. Many years ago I was into this. Feel for investors here but management has spaffed so much money away over the years. Good luck to you all.

Baxter,

Nice bit of research. I agree there is more that could be done to promote this company. It's the job of the PR firm to explain this to Sophie et al as that is their area of expertise, not hers. For instance, how is it that we're not hearing about marine trials? It's in the job title and JD of some people at SEE. The 'Italian Job' interview also proved that fund managers get told things that we PIs don't - that's unacceptable. I'm very confident we'll win more auto contracts and I feel quite strongly that were PM to look through his desk he'd find it possible to get the PR firm to publish price moving news (not necessarily RNSs) every couple of weeks. Shell, Coca-Cola, BDMS, new features in auto, buses, trucks, rail, Aftermarket orders.

I hear that SEE management do want the price to rise. Well, ensuring that happens will require a comms plan and the release of information that is available to a select few. I fear that currently the external investor comms is part of a box ticking exercise. We need to build up momentum. Provided we don't embark on a costly acquisition, this company is heading for profitability this year. That message need to relentlessly driven home to investors and prospective investors. What better way than by actually telling them about wins, developments and customer satisfaction using case studies etc.

We're all big boys and gals here....you should be big enough to take responsibility for your own mistakes and not blame others. "He made me do it..." sounds even more pathetic coming from adults than 5 year olds.

Personally, bulls turning into bears when the business is stronger than it has ever been is a sure sign for me that vindication is close at hand.

Huge volumes today. Those additional auto contract wins must be very, very close. Looking forward to getting some day traders on this Bulletin Board over the next few weeks.

Silly me, I missed that. It's a bit of a leap by itself to assume they're working on a product but with the knowledge that they've done trials it looks like it may be on the roadmap of future developments. Maybe after SEE has been bought. :)

Sillyy

Hi Boon,

Thanks for the link. However, I couldn't see any information re. a marine product. Can you explain in more detail your thinking and the reason? I've long thought marine was perfect for See's tech so it would be great to get concrete proof. I know trials took place a few years ago but since then, silence. A licence deal with a T1 seems the obvious move but I don't know that industry.

i can understand why bearishness is increasing and even bulls have gone stale given the share price stagnation. much of the investor annoyance could have been avoided with better comms imho. and yes, there have been over-optimistic projections in the past. still, i do think seeing machines as a business is in a stronger position than it has ever been in.

most importantly for me, and the reason i've not sold out, is that:

1) auto delays are not see's fault. our tech is the best but oems have altered requirements {even the euroncap requirements have been in doubt at times} and there is now some hold up between magna + oems, i believe. that may also be the case re. bdms as autonomous driving has crashed, with companies closing down projects.

2) gen 3 is set to open up new markets - although not as quickly as we were originally told. still it is happening.

3) aviation is moving forward at pace - again not as fast as we would have liked.

certainly, i think the messaging has been poor at times (even non-existant just before a fundraise), leading to us having unrealistic expectations. that's the company's fault not ours. iis will have taken a harder line, which is probably why the share price languishes.

the clock is most definitely ticking to improve things. if we're ****ed i'm sure many iis are too. moreover, i think pm and the team has delivered on the core areas as much as was in their power to do so; auto, gen 3 and aviation.

let's not snatch defeat from the jaws of victory. that said, let's hold their feet to the fire.

clearly, there is some deep problem at seye. lots of high level departures recently. a future fundraise and a lack of near-term revenue is most likely the cause imho. martin is standing there stark ******* naked, with the tide going out. if see could only communicate effectively some of those seye shareholders would be moving to our part of the beach. the future is bright for see, regardless. dyor of course. it's dms/oms tech is the best (colin ought to know) and we await magna's deals with oems.

Given the escalating war in the Middle East, this looks like a compelling play. Oil could go to $150 given the stupidity of the US in not stopping Israel's genocide. Instead they attack the Houthis.

ISB,

I don't understand the bitterness and the blatant misrepresentation of some of the facts. The delays in auto contracts were down to OEMs. In case you haven't notice SEE recently won 2 decent auto contracts.

Re. the Magna mirror SEE is going into Honda and VW with it. On what basis do you think Gentex has won Toyota?

I don't believe SEYE has won Ford from SEE. Whatever scraps SEYE picks up will be in budget models. BMW and Audi moved to SEE.

Your view on what constitutes a launch is laughable. Moreover, the partnership with Mobileye in Fleet should enable a fast ramp up in volumes from April onwards.

The Airline developments have taken longer than forecast but it's clear they will all be realised.

Personally, I wouldn't be surprised if the Naked Trader puts his Paddy Power pants on and takes a bet on SEE very soon. Still, I make my own investment decisions and I'm here because I want a ten-bagger this year.

Some oems may get away with inferior products in the beginning but top quality Fleet operators really will be prepared to pay for the best DMS and monitoring if they grasp the business benefits. That's my belief. We'll see, I guess.

The contract news today is very positive for a product that was only launched yesterday. It's a good start, 3,000 a year are only initial amounts and over 6-7 years would be roughly 20k. Moreover, it is likely to ramp up considerably as the benefits in terms of safety and reduced insurance premiums are felt.

Quite apart from the legislation, the business case for this makes sense. Those fleets that choose inferior products (Smart Eye and Cipia) will be at a commercial disadvantage.

Nik Nak,

1) They didn't announce any POs or even detail the size of the market opp in the Gen 3 RNS. It was a poor RNS. And yes, the launch was later than I had originally expected. However, these things aren't like producing garments.

2) The auto delays aren't PM's fault. Moreover, it is well documented that SEE underplay their contract sizes and SEYE inflate theirs.

3) Ford hasn't moved over to SEYE from SEE. There may be dual sourcing though.

4) I'm confident SEE will announce big Gen 3 contracts in due course.

5) Re. PM's 7.5 'freebies'. In all honesty, I don't know the truth of it. I read the RNS and asked SEE but got no reply.

https://www.investegate.co.uk/announcement/rns/seeing-machines-ltd-npv-di---see/director-pdmr-shareholding/7742556