Member Info for Maplinman

Polar Capital still hold, I believe: https://www.polarcapitaltechnologytrust.co.uk/srp/lit/mK2kqV/Full-Portfolio-Holdings_Polar-Capital-Technology-Trust-plc_30-07-2021.pdf

Apologies, crossed wires, it was Nuro.

Automomous cars require back -up driver. Haha. Btw, whatever became of our back-up driver monitoring? SEE never talk about it these days, yet it was doing well at one stage I believe.

https://uk.sports.yahoo.com/news/nuro-7-eleven-launch-california-135111406.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHpIw8EhySU-Co-EVrJzekWb9ZcfS70S5z411rWk0VedRQ6qqRp8bJDstls4WU0ieq8QDYXMpLdfAUF3OUwqD4DpyyIRP8iAOPdgst7d1_xh6u3cw6vGTOzwJibz6Cd-w4bQLb6Bt5ktyfJQqe9fpGUbrzB81mdry1YuMQQV5aet

Yes, 5th Nov, but they could still be selling. I hold, so not trying to deramp just trying to get some discussion going.

Intuitive Investments has reduced its stake in the company. Not sure why but could account for the fall: https://www.investegate.co.uk/microsaic-systems--msys-/rns/holding-s--in-company/202111051012125081R/

It doesn't send a great message to very supportive private investors when you take many days to answer sincere questions via Investor Meet. C'mon Seeing Machines. Lesser companies manage it, so should you. Thanks.

I think some are tempted to take a little off the table, given:

a) The lack of detailed financial information last week on current trading and visibility on RFQs. The questions that many PIs asked are still to be answered on Investor Meet. PM pretty much said wait until full-year results for greater clarity. That is a long time away for some.

b) The lack of any note from house broker Stifel. Most would take that as a missed opportunity and some might view it as a negative.

c) The fact that a resurgence of Covid and lockdown will adversely affect this stock and many others.

Personally, I'm still long and strong but if I had a tiny holding, or needed cash, this could be seen as a good time to sell a few.

Escvido, I get that out of the crappy blue ones...lol

Interesting information about Magna's ambitions and the work it is doing for Fisker: https://www.forbes.com/sites/alanohnsman/2021/11/21/fisker-bets-on-outsourced-production-with-electric-ocean-suv/?sh=55f9a13e2967

Does anyone know if Stifel has issued a note following the presentation of the results? It really ought to have raised its price target and given a clearer presentation as to why this is a strong buy.

I'm also hoping the Q&As from Investor Meet will be up early next week.

Thanks Pokerchips.

I certainly consider this an interesting stock. My only concern is what barriers to entry there are for other entrants in the domestic market? That said, it appears to have first-mover advantage.

One thing I've found to my cost is not to underestimate the cost and time involved in cracking a market.

Who is the seller that is dragging the price down? I assume a fund? Thanks.

In response to requests for more dosh I have to reply, (shouting like Cuba Gooding Jnr): "Show me the money!"
This clip captures my emotions perfectly. https://www.youtube.com/watch?v=FFrag8ll85w

I did like this particular sentence: "After receiving a non-binding verbal acceptance in respect of c. A$120m from Magna International Inc., in response to a recent RFQ process, Seeing Machines' cumulative Automotive order book totals c. A$310m."

Magna, based near Toronto, ranks No. 3 on the Automotive News Europe list of the top 100 global suppliers with worldwide sales to automakers of $40.83 billion in 2018.

Clearly, Magna doesn't want QC to eat the entire cake.

Pokerchips,

Can you please expand on your comments? Do you mean it doesn't take account of non-cash expenses, such as depreciation?

I'm not a holder but was before the share price consolidation a couple of years ago. Do you think another raise is on the cards? Thanks.

Roy's wife, Elena has thanked everybody with a message on the comments section of Safestocks.

"My sincere gratitude to all of Roy’s friends and colleagues for supporting our family during this difficult time for us. Take care of yourself and your loved ones!
Elena Holehouse"

https://www.safestocks.co.uk/2021/11/18/roy-holehouse-need-your-help/#comments

Sgreen,

That "beats the pants off" betrays the fact that I am secretly a Tesla 'fan man' when it comes to the way Tesla drives. I've not driven the Y model, though I have driven the Mach-e which is a bit bulky but does shift. From the reviews I've read the Model Y is certainly more engaging to drive and better put together from an engineering perspective . Watch the summary at 10m from Sandy Monroe here: https://www.youtube.com/watch?v=m1kHsd3Ocxc

However, when it comes to DMS I'm sure Mach-e is superior thanks to Seeing Machines.

Anyway, if Telsa is going for the Qualcomm digital chassis this should be sorted in due course!

Terry, Fisker is Seeing Machines: https://www.safestocks.co.uk/2021/04/26/fisker-set-to-use-see-occupant-monitoring-in-a7m-deal/

Of all the cars coming out in 2022 the Fisker Ocean is my personal favourite.

Btw, Tesla was one of the brands that Qualcomm is working with, according to a slide yesterday. Love for Seeing Machines to be in forthcoming Tesla models. Tesla Y is a pretty cool car and, aside from its current DMS, it apparently beats the pants off of the Mach-e.

Glandore,

You are right it is theoretically possible that a better DMS exists but according to my research that isn't the case. Those 30 auto marques will be going with SEE imho. Unless all the people who believe See is the best (from analysts to fund managers) are morons.

Re. the lack of figures in the RNSs, I think it is there for all to read. Even the original Shell press release failed to provide basic information such as the length of the contract. If SEE can't RNS all the wins, some surely could be released - such as an extension to a BMW contract - unless we are somehow constrained by Qualcomm. SEE is doing this to make money and the broker should be pushing for financial updates in any case.

Internally, there must be projections on likely Shell revenues/Aviation/BMW etc.

Roy is a straight-talking guy who I respect. It's a pity he may not live to experience the pleasure of being proven 100% right on SEE. It's a lesson for us all to redouble our efforts to get full disclosure on wins and get the share price where it ought to be for all shareholders.

For anyone at Seeing Machines reading this, I'd respectively request an RNS on BMW win. There are also about 20 other OEMS that we are waiting for. Maybe even brief Stifel so they can at least update their figures and forward guidance for next week.

And this is what a RNS with figures looks like. https://www.investegate.co.uk/open-orphan-plc--orph-/rns/-5.1m-rsv-contract/202111170700056028S/

I don't know who writes the SEE ones but figures are vital if you want share price to move up.

It would be great if Qualcomm officially confirmed Volkswagen today with SEE inside!

https://feed.yesauto.com/uk/a/volkswagens-electric-car-with-qualcomm-will-use-5g-communication-network_2_95_32416.html

I'd have expected Cenkos to at least try and do what that RNS failed to do; provide some context on the financial opportunity. If they don't, how can most investors do so? Wonder if Stifel will do any better?

Anyway, congrats Pat Nolan. Aviation Tier 1 in the bag. On the terraces they would be singing: 'SEYE: you're not singing anymore!"