Member Info for Maplinman

Thanks guys. No more BS from ShortWhacker.

Could someone please explain how to green blob someone? As we rise in price there will be lots of traders coming here and I don't want to read their drivel.

I was expecting an auto contract this week, tbh. I don't think we'll have to wait very long for the first one. As to the rest, well they'll surely come. A minimum 50% by value (40% by volume) of this huge global auto market has been confirmed by PM and Nick DiFiore previously and PM reiterated the volume figure this week. I expect it will be much, much higher in reality but they are conservative by nature.

Glandore,

The Safestocks estimate assumed £3m from Collins licensing deal (May RNS) being included in 23 figures. Cenkos state only $0.5m from Collins in FY23 revenue so a delta of $2.5m. $57.8m + $2.5M = $60.3m

Regardless, all the broker analyst's estimates were beaten. That is a huge positive. You can't paint that as a failure.

My only disappointment was no date for Gen 3 launch but if Proactive can ask Paul McGlone that simple question he should be able to answer it. As to Fleet numbers, they should really ramp up this year with the launch of Gen 3. Moreover, the margin is higher for SEE so it will really improve the bottom line.

I see no need for negativity. The business is progressing apace.

Every financial analyst disagrees with you and states that the company is funded to profitability. You can see from the figures today that growth is impressive and while it is using cash to grow it secured funding to do that. You can't secure the lion's share of a global market without some costs.

The figures for growth in auto and fleet are good. The $3m Collins money is coming in this year's figures along with monitoring from unconnected Guardian. No financial analyst is concerned by cash burn and all say it is funded to profitability. Read: www.safestocks.co.uk for some reassurance ;)

Https://tenor.com/view/its-time-nut-up-shut-up-zombieland-gif-15913838

I'm not happy with the share price but I'm determined to hold onto my shares for, on the 22nd August, I'm expecting positive trading results and details of the Gen 3 launch date. DMS tech has been mandated for all new vehicles in Europe and SEE is the leading provider. Sure, some car manufacturers are dragging their heels as will some truck manufacturers but the tech is coming.

The high-margin royalty revenue for every car with DMS will continue to grow and there is no reason to doubt the base case for investing imho.

I'm pretty sure the figure for ASP is above $10 but let's park that as I can't find the source at the moment. Btw, I heard PM say we are the only bidder on Aftermarket contracts in the hundred thousand size - however, I wouldn't consider that a 'fact' unless corroborated by an independent 3rd party.

Re. the feature sets, a figure of around 50 was mentioned from various sources and some cars coming to market now have 4 or more in addition to vanilla DMS. Therefore even using your figures, around $15 ASP is more likely. Just imho, of course.

The reality has been going for a few years Brockwl, just look at how the cars on the road are climbing. As to your estimates for revenue per models, the extra features being added to DMS should help protect SEE's margins. Feel free to be negative (until you've bought back in) but don't bandy around figures without acknowledging that they are your guestimates.

Well the GM Ultra Cruise has to be SEE, with Veoneer as Tier 1 I'm hearing. The question for me is when does SEE get to release an RNS?

https://gmauthority.com/blog/gm/general-motors-technology/general-motors-autonomous-technology/gm-ultra-cruise/

This Cipia win should be of interest: https://cipia.com/news/cipia-eu-oem-eight-models/

Not in writing. I was told by a source who has been very reliable in the past. Of course, past performance is not a guarantee...

Thanks Terry. SEE has now entered a blackout period and Ives can't buy any more stock...lol. Expecting lots of news flow in August so calling last orders on 5p. Just time for a last swift half for many at these prices.

Here's an idea, why don't Seeing Machines put out an interview with Ives, explaining why he has put £440k of his own hard-earned into the stock? It could inform the world why SEE is a value play that is set to go ballistic in a relatively short time from today.

Alternatively, cultivate a good journalist national media journo and get them to cover it. Separately, maybe Robert Llewellyn of Fully Charged fame might want to highlight the Oz company that is making future electric cars super safe.

Glandore, you sound almost positive today. Don't forget Reader's Digest was persuaded to commission that article, it wasn't vanity publishing. Could it be that investing in SEE could soon be seen as a no-brainer by ordinary mortals?

RD readership has plenty of disposable income and love a bargain share. What's not to like?

I dare say a few Ford/Mercedes employees will be dipping their toes in before long also.

This Reader's Digest article gives SEE some publicity: https://www.readersdigest.co.uk/lifestyle/motoring/how-driver-monitoring-is-coming-to-every-car

That article does indeed read like it was written by a bot. Still, if Boris Johnson could pass for PM I guess a bot is entitled to know about stocks.

I'll admit upfront that I've never been invested in a share that has undergone a share consolidation and done well. Too often it is an excuse for poor management to then go on to dilute existing investors and eventually wipe them out. Xeros Tech is a case in point - but AIM is littered with them. A NASDAQ listing is a different matter though and I know GW did well out of it but, crucially, it did well before it.

As to liquidity, that should improve as the price rises and I'd seen the poor liquidity as a result, not the cause, of our low share price. I know most US funds won't look at a company with a market cap below US$1bn - indeed, many UK funds have issues with smaller companies. I've spoken to many fund managers about SEE over the years and the reasons many gave for not investing was market cap and the fact it wasn't profitable.

When SEE is clearly profitable and the price rises, to say 20-25p I really don't think 'liquidity' will be an issue.

I'm not an expert in this, so I may be completely wrong and am grateful to MAJOR for opening up this discussion. It's what these boards really ought to be about in order to help us all.