Member Info for Maplinman

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.

The market makers want your shares on the cheap. I don't intend to give them the satisfaction when I believe vindication is pretty near at hand. www.safestocks.co.uk

Of course, DYOR research. :)

Of cou

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.

CityWatcher, quoting the company's own PR BS doesn't impress. The way it stated the results was misleading and there is not use in pretending that the cost of acquisition has nothing to do with management. Margins here were paper thin before the recession kicks in, can you imagine how it will do in the coming year?

I did try and warn people not to believe the hype. We're going into a major recession and flooring is a luxury item for most. Jiggery pokery on the accounting front should be a major red flag.

Looking at its own accounts it made a pre-tax loss of £110.6m. Debt is up and it burnt through £170m (admittedly, due to some aquisitions). What's to like with a recession coming and discretionary spending under pressure? With Peel Hunt putting an £8 price target on this I think it may go higher but the writing is on the wall if you examine the figures and bear in mind a recession is coming. Just my opinion and of course DYOR.

Thanks Lewbo. I blobbed him and am glad I did.

Yes, the PR effect would be enormous for SEE and it would get Musk out of a hole. Surely someone has suggested the solution to Mr Musk?

Excellent post by Terry drew my attention to this comments thread: https://electrek.co/2023/08/25/tesla-autopilot-probe-end-nhtsa-hints-forcing-changes-driver-monitoring/

Elon Musk has a chance to play a 'get-out-of-jail 'card by using SEE tech. Will he? He may even do a Victor Kiam and buy the company.

JustThinkItThru.

That was a very interesting comment. I agree about funding being an issue.

Btw, have you taken a look at a company called Seeing Machines? My email is maplinman3@gmail.com as I'd like to keep in touch.

Gordon, you're in last chance saloon re. filter. Say something intelligent or its off to the dusty bin. Still, your arrival is a contrarian 'Buy' indicator.