Member Info for Maplinman

https://www.safestocks.co.uk/2021/04/27/microsaic-is-a-curious-gem/

Uncle you hold both DeepVerge and MSYS? Have you held for long? Any long term holders here?

Greetings from this newbie. This looks to have a lot of potential: priced as it is to go bust.
Miton and IIG bought (David Evans even put in his own money !!) in the recent fundraise and Helium are holders. I have a feeling that it won't take much for this to double in price. Good luck all.

SEE needs to engage a top notch UK PR firm if it wants to get more coverage in UK media. A one man band , who specialises in oil & stocks won't cut it and sends the wrong signal to market pros. I was shocked when Telegraph did a double page spread on Mercedes S class and didn't even mention DMS....missed opportunity.

Of course, if their aim is to go under the radar a little longer it makes sense. But it does cheapen the brand. Nevertheless, they are being watched by lots of funds who would rather buy when completely de-risked. Good luck to all you long term holders. Just a bit more patience needed.

S7teve,

Too many real experts in this field (Veoneer, Barnden, Qualcomm, Xilinx etc) have stated SEE is the leader in DMS. They've backed that assertion with their reputations and, in some cases, investment. I don't much care for SEE's lack of management of the share price but I do believe the share price doesn't reflect the true value of the business.

I don't know what will happen re. the stock market over the next 6 months. However, I feel sure that Seeing Machines will capture an ever-increasing share of the auto market, driven partly by the Qualcomm partnership. Well done on making some profits but they're small profits (in percentage terms) compared to what holders are likely to get by the end of this year, imho.

More importantly, there are many fund managers already in this (many with stakes below the notifiable threshold). Others will be coming in, I feel sure, as it becomes clear how great the impact of the alliance with Qualcomm will be and the market cap increases. As the free float reduces, I'd logically expect bigger moves up on news flow.

As you're clearly a smart guy who likes making money, I look forward to you buying back in and turning positive in due course.

Please DYOR, of course.

Bauschsapt,

I thought the whole purpose of this board was to create an intellectual space for honest debate. SEE wins over the past 3 years (have you been a shareholder that long?) are well below what all of us long term holders expected. I think that is fair to say. As a PI I have the right to criticise management.

Schnorrer, 'the contract looks huge'....even though there has been no firm contract announced with any figure attached to it. When there is I'll stop my carping....Re. KK have you ever even met him? Don't presume to tell me about him, please.

Lewbo,

You know as well as I that a contract extension isn't really cutting the mustard - not for the world's best DMS supplier. What happened to all those RFQs? Sadly, the loyalty of us shareholders has been taken for granted. Instead of being permitted to question management on video calls (as other AIM stocks do), we're treated to self-justifying spiel that gives little away.

Sure they meet targets, targets that have been consistently lowered. They fundraise annually and we just take it on the chin.

By not being tougher on management you're making it easier for them to BS us with impunity.

Lewbo,

I'm all for a bit more balance on this bulletin board, let's discuss matters pro and against SEE strategy. Those RFQs are longer in the tooth than the 'imminent' SEE win. Quoting Colin till the cows come home isn't doing it for me though. He doesn't deal with the financial side of Seeing Machines. I've yet to hear any totally convincing explanation of why, if Eyesight and SmartEye are so bad, they are taking contracts from SEE who are meant to be the best and the cheapest. We know from details on Telegraph that apparently they did take their eye off the ball with GM.

We need to be honest and discuss the good, the bad and the ugly. Loving every move by SEE and quoting Colin like a mantra is infantile.

Great find DR777,

Eyesight and SmartEye seem to be winning contracts and letting the world know about it. They are serious competition and while we wait (It is nearly 3 years now) for contract news in auto I feel either SEE either has taken its eye off the ball or is holding news back. Surely we will have some substantive contract news to announce? If not, that recent fundraise was well timed.

Yes, since the fundraise masked as a strategic investment they have sharpened up their game. I wonder what news scraps they will proffer us prior to Xmas?

Hi Croq, fair enough. Thanks. I'd forgotten those numbers were already out in the market. So nothing new actually came out yesterday aside from the Burger being binned.

Hopefully, we get a contract RNS with actual numbers attached in due course.

Thanks for the excellent information re. Fleet numbers (26,500) cash in bank (A$60m) that came out of the AGM. My understanding (checked and verified by an experienced AIM PR) is that according to AIM rules they should also have been released in an official RNS at around the same time. Did I miss it?

With this profitable, well-run, company that is funded and backed by 2 canny institutional investors sub 1p, it is definitely time to tuck in. Enjoy the ride.

With or without Covid-19, this should clean-up over the next few years. Britain isn't going down the drain whatever happens.

https://media.ford.com/content/fordmedia/fna/us/en/news/2020/10/30/ford-advancing-hands-free-driver-assist-technology.html

I haven't seen any evidence that WJA knew of the claim at the time of the bid from Mastercard. Have you JMUK26?

Moreover, I doubt it follows that it impacted the offer price, otherwise why delay now? Still, there is probably lots going on we have no idea about. Maybe some IIs are truly peed off at the offer price? I guess we'll be the last to know.

I don't see how MasterCard can go any lower. Moreover, that business was sold so cheaply I doubt the case has much merit/worth. Might be a great way to delay a sale at this rockbottom price though. A PE investor should make a bid at a more realistic price.

Well, it seems humble pie is dish of the day. Do those who doubted the fundraise was coming like it with or without cream?

Seeing2020, I'm well thanks and that RNS will hopefully add a few billion to the eventual take out price. As you say Sgreen best to keep at least a finger in this pie - I have a fist in it personally. Would be great if SEE follow up with a concerted comms offensive. Just needs Volvo, VW , Toyota and Honda contracts to ensure See's market dominance in auto is clear to prospective buyers. Though, in truth, I think it has long been pretty clear who is the 'King of DMS' and who is the pretender. Can't blame McGlone to try and avoid talking in those terms, though. We don't want complacency to set in before Qualcomm/Nvidia/Intel and the other Titans start a bidding war.

See is in play as a takeover candidate, I'm sure. Prospective buyers will know when SEE wins contracts long before any RNS is published. That's why I'd hate to be out of this.

Once schools open in England regular deep cleans wll be de rigeur. Even so, there are bound to be outbreaks as shown in Scotland: https://www.bbc.co.uk/news/uk-scotland-tayside-central-53840123

I wouldn't bet against a total Boris balls up, aided by the rest of the 'Carry On Regardless' team.