Member Info for Maplinman

ET, we got a 3p fundraise because management didn't raise enough when market conditions and its own credibility was in better shape. Failure to hit targets, most notably with fleet, coupled with Ken's arrogance in ignoring advice of analysts and fund managers has caused investors a lot of grief. However, it is a big mistake to assume that these failings means its tech isn't streets ahead of SmartEye's. It is. We also have the brilliant duo of Nick and Kevin (our own Batman and Robin) to ensure SEE wins Volvo, VW and Toyota.

This gives the view from the house broker, FinnCap, which issued a note today:

http://www.safestocks.co.uk/2019/03/19/eservglobal-ma-thoughts/

It might take a while for this to get back up to 8p but I don't think 2-3p is unlikely if the business makes good progress this year. We need more research on this. At the moment the fact it is under-broked, with no PR permits a very cheap entry point.

Thanks Sgreen,

Good to hear. Seeing2020, don't mess with my head as it is causing some nightmarish hallucinations....or perhaps I've taken one of Baxter's mood altering blue tablets? You can have them back chum....My candlestick is pointing to the ceiling so nothing to worry about on the share price front.

Anyone any ideas where King Krafty is this week? Which country even? Must be related to fundraise, I assume. Hopefully all that BS about why SEE doesn't want or need a strategic investor was just that.

Re. this fleet tracker, am I the only one worried that behind the 'complex algo' creating the numbers is Sophie punching in numbers that she has been given each day? (Just because you're paranoid doesn't mean they're not out to con you).

I really would like our new Board members to dip their hands in their pockets and buy some stock. It would show a little faith and help the share price no end. Look at the difference a little buying from a NED + his wife (Yes, she in a person in her own right, #MeToo) has made to the React share price over the past couple of days.

Adam Reynolds and his associates have gone. More focused business and experienced people coming on board. Moving in the right direction. Backing by Helium is very positive. Interested to get views on the Chairman from long term holders here. Steakbake, have you been in this long?

Greetings,

New NED and wife have bought in and now me too...lol. This looks to have turned a corner and is completely under the radar of most investors.

Good to see you here ET. I hope more of your Swedish chums will follow your lead and invest in SEE. Definitely room for both companies but SEYE will have to focus on the lower end. To quote the Cenkos analyst:

"As we have noted before, it is not difficult to develop a face and eye tracking system that works in some environments. However, it is very difficult to develop a system that has high enough availability and performance in a car in the real world for use as part of a primary safety system or for motorway speed semi-autonomous driving.

"Whilst it may be fine to have high latency, low fps, or low real world availability for infotainment or convenience features (including a traffic jam assist), or a low-end vehicle box ticking exercise, this is unlikely to be acceptable for most manufacturers who worry about safety ratings and their reputation. This is particularly true of OEMs looking to introduce semi-autonomous functionality. One of the interesting stats provided by one of the Aptiv engineers is that 60% of accidents could be saved by half a second and therefore latency in decision making by a vehicle is unacceptable when it comes to safety.

"Demonstrated another way, when we discussed the safety aspects of DMS with NXP, they said that for ADAS and NCAP/safety critical use, DMS would need to be integrated into a completely different NXP safety critical platform. This would have a very different level of reliability and availability to the requirements of an infotainment solution platform, such as the one they were demonstrating with Smart Eye at CES."

https://www.dailymail.co.uk/money/markets/article-6788149/MARKET-REPORT-Mike-Ashley-takes-2-6m-hit-Goals-Soccer-Centres-shares-plunge-third.html

I expect a stampede of punters into this stock next week, following this tip in the Daily Mail. (I guess some investors on Friday had a heads up).

https://www.dailymail.co.uk/money/investing/article-6787937/PUNT-WEEK-Eservglobal-offers-electronic-wallets-cross-border-payment-systems.html

I think that is probably one of the smarter ex-SmartEye investors.

I think the Tokyo Olympics next year (Jul 24 - Aug 9) are important for the prestige of Japan and they want to show themselves as at the cutting edge of tech. (Japan experts will doubtless provide more colour on this aspect).

Unfortunately, it's clear that Toyota is playing catch up re. increased autonomy. Hence, the big push or 'moonshot'. https://www.autonews.com/mobility-report/toyotas-moonshot-self-driving-car-sale-year

This TRI-AD institute is spearheading this effort and an 'expert' from it gives an indication of where Toyota are headed re. DMS -- which we all know is of vital importance to increased autonomy. Interesting, that it looks rather rudimentary and appears to follow the way Supercruise works (copying is the sincerest form of flattery, I guess):

https://static1.squarespace.com/static/5bd679909b7d154507a845e2/t/5c6e6b42f4e1fc0b57ce9094/1550740294838/S3_Driver+Monitoring+System_EN_web.pdf

Toyota had better get its skates on and will doubtless need the Fovio chip to hit the Tokyo Olympics deadline. A prototype next year with bigger volumes in 2021?

https://en.globes.co.il/en/article-toyota-teams-with-israeli-co-cortica-in-race-for-autonomous-car-1001273221

Renesas + Xilinx link

https://www.renesas.com/eu/en/solutions/key-technology/fpga-power-solutions/fpga-power-xilinx.html

Just waiting for that Toyota RNS....tick tock....Xilinx really going for it.

I was too keen. Old RNS...sorry dudes and dudesses

https://www.investegate.co.uk/seeing-machines-ltd--see-/rns/eu-mandates-safety-technology-for-vehicles/201902220830038564Q/

Baxter,

I sympathise. We have a company with great tech dominating one of the hottest parts of one of the most vibrant tech sectors - that's clear from all the great research posted here. Still, if we do have a placing at 5p it really ought to hasten further changes in management at SEE.

Here are two of my other biggest gripes:

- The handling of fleet was very poor and we still don't know what is really going on with that. What has Mix done for us, for example? What is the strategy? What part will VSI play?

- Corporate governance. The leaking of selective information, that effectively leads to the manipulation of investors, instead of transparent comms is wrong.

I don't think IIs can be any happy with this situation, especially if it is the case that we get yet another a share price raise at 5p. Most experienced investors would be laughing at what many of us have put up with here over a number of years.

There is literally a trillion dollars of PE capital searching for a home and SEE can't get a premium strategic investor, such as Softbank? There is no excuse for that failure. What does Rudy Burger do for us, for example? SEE should not be content to let long standing investors be diluted time after time and offer no proper mea culpa over fleet failure.

Of course, SEE may surprise us with a raise at 8p bringing on board Xilinx, Softbank etc. Still, a pattern of behaviour is obvious to all long term holders here. It needs to change.

A golden oldie to revive our jaded spirits: https://www.captiongenerator.com/1186112/Share-price-meltdown

I'm sure anyone coming into the next placing will have sought assurances that they get something in return. To assume otherwise is to be 'too full of the milk of human kindness' as Shakespeare put it in King Krafty..sorry, King Lear.

Seeing2020,

You're right SEE might make a trophy asset in the Vision Fund. Just need someone to sit down sketch out the future of the technology to Son. First autos, planes and trailers then later robot assistants/sex bots who can tell how you're feeling and empathise as they make dinner and pleasure you. Maybe not in that order. (Maybe Branson will launch a motorboat fund and bid against Son? https://www.thesun.co.uk/news/4995275/richard-branson-motorboating-singer-claims/)