Member Info for Maplinman

Seeing2020,

I agree with you. I do wish we had more, ideally independent, broker coverage as we're rather at the mercy of Cenkos who are quite likely to be pressured to go with the management mantra "16k and there she goes". Panmure's Sanjay Jha seemed pretty pleased with developments (after all he called for a management clear out) at the CMD and I'd love to read his thoughts on SEE - though he was wrong about fleet in the past, writing it off when it is a very valuable leg in what is currently a 2-legged stool.

At the moment the share price indicates we're invested in the investing equivalent of a 1-legged man in an arse kicking contest. It's not true of course, we know that, but the market doesn't and can't be expected to follow the clues we unearth.

We should all be annoyed by ineffective comms and lobby SEE, via email and social media. The failure to effectively communicate the fact fleet is well and truly fixed is holding back the share price. It's a simple matter to fix: monthly updates that provide the latest figures on installations of Guardian. Thank you PM and Sophie.

Finally, Pat Nolan. Please get Brexit, sorry Aviation, done and set the share price alight.

PS Santa, can I have the promised aviation licensing deal and VW auto contract in my stocking for Xmas?

I think we really should be getting fleet updates that provide a monthly running total of installations (not just a collection of stale news crumbs). The 16k figure is very old hat now and way out of date. If, as has been suggested, we're on target to beat management estimates of 27k-30k that is big news that will move the price substantially. If that news is being deliberately held back isn't that illegal? Akin to winning contracts and holding the news back from investors.

Interesting press release: https://www.kwik-fit.com/press/millions-of-drivers-causing-road-collisions-when-using-mobile-phones

You're right Seeing, PM is a fair dinkum rooster, a bit of a bogan by all accounts. He clearly likes a tinnie and was a proper maggot at that Awards dinner the other night.

If SEE CEO is smart he'll unlock his treasure chest of news and put out a decent RNS tomorrow. That would reassure holders and teach the '**** head seller' to be more patient in future.

Baxter, I'd have more sympathy if you ever did any research instead of moaning. I know the tech is brill I just am ****ed off at the way the management do things to suit themselves rather the the investors.

SEE weren't very transparent at the CMD. PM refused point blank to give a fleet update. No apology for ballsing up the comms re. Aviation licensing deal. If he tries that arrogant crap with fund managers they will sell out.

PM the bus driver should speed up to ensure the rest of the passengers stay on. Only he doesn't give a toss he gets paid no matter what time the bus arrives at the station. That's the problem.

If PM wants to retain his credibility he needs Pat to get that Aviation licensing deal signed pronto. If we PIs are getting ****ed off with the lack of contract news I imagine some of the IIs are too. There are plenty of other shares that are making money for their investors. PM has had his wad of share options and can talk the talk. It is now time to deliver. Might I suggest SEE issues a fleet update? Alternatively, announce a new Tier 1 collaboration? PR is not rocket science unless you are a CEO it seems.

We're all waiting for the Aviation licencing deal(s) to be announced. Logically the agreement will be signed and announced at a time that suits the partner. L3Harris might wish to do so at this show, possibly? https://www.harris.com/events/dubai-airshow

Pat Nolan seemed pretty confident for a guy that has yet to produced the 3rd leg of the SEE revenue stool. Therefore, I assume the woodwork class is pretty busy. So mark 17-21 November in your diary.

Good that SEE have managed to produce an RNS about news that came out on the 8th. Why is PM sticking with that out-of-date 16,000 figure for Fleet? I assume that they will wait to upgrade at interims with a realistic figure. We must be on 20k by now, surely?

I noticed that as well, really breakeven being brought forward should be trumpeted by Cenkos but it has low-balled expectations for fleet.

I foresee breakeven being brought forward to end of this financial year due to license deal(s) in Aviation. More auto wins (VW + Volvo) wins will also increase share price, of course, but revenues flow in later. A revised projection for fleet sales/profits may have to wait until interims but SEE can't keep it quiet for too long.

Alkapone, are you going to the CMD next week?

Perhaps Glandore we are building up for short term disappointment but Toyota will come, I'm pretty confident.

Re. RNS being issued immediately, you're right in theory. Still, every seasoned investor knows instances where that hasn't been done. So easy to do, so hard to prove.

Certainly looks like Seeing Machines. I believe they've been working with Tier 1s in Japan and Toyota. I guess as it's not a formal 'contract' no RNS required? Presumably, SEE would have been paid non-recurring engineering (NRE) fees? C'mon SEE give us a clue: like once for yes, twice for no.

Or as our American investors would say: "I'm tired of being served up bull****. Change the menu."

Jazz,

As I remember, the regular Fleet update of yesteryear was neither regular nor did it accurately convey the state of play re. Fleet. At the risk of being accused of being a Francophile: "plus ça change, plus c'est la même chose".

The additional geographies would be most welcome. Still, gives his lack of understanding re. timelines 'Soon' could mean 18 months away. A monthly update on fleet numbers would be useful or would that put on a strain on the marketing dept?

I'm huge country-house agnostic, fortunately, given I can't afford one. Still, just like SmartEye, I'm desperate to obtain what I haven't currently got.

I believe SEE are helping Japanese understand what they need DMS to do and how it can be put into ADAS. Imagine the free consultancy that those laggards are getting by working with SEE. I'd like PM to confirm this in public next week.

Apart from the fact they don't have an automotive grade chip...lol. That was a desperate note. VW and Toyota are going to the King of DMS for sure. But it isn't SEYE it is SEE.