“SEEs prospects, in my view, depend on being in electric cars”
Bozo, I really don’t see where you are going with that statement. EU regulations stipulate all new cars need DMS from 2024 onwards. The US will follow soon after. Electric or not it does not matter. The technology will be regulated to be in ALL cars and SEE will take 50%+ of those markets.
Every company has a weak SP at the moment. An update like that will do nothing. They have said in the last rns what you have just asked for and it did nothing. A full trading update which exceeds expectations and guidance on 2023/2024 revenue growth might give it a kickstart.
At times like these it is best ignoring the share price until market conditions stabilise and let the company do their thing.
" The Institutional Investors must be concerned about this price level."
Why? It was less than 2p just over 2 years ago. I've seen a few videos from SEE's institutional holders talking their book and I got the impression they were here for the long term.
Pretty sure Magna have very good visibility of where dms market is headed and they paid 11p.
MAP,
This is from the biggest DMS win ever.....
This program covers an expansive number of vehicle models with mass production scheduled from early 2024 and an initial lifetime value of A$125 million. While representing the largest awarded DMS program to date, there also remains significant upside potential based on OEM expansion plans.
......... "significant upside potential'. IMO they cant do much more than that.
Also if we are talking revenue China is only 10%of worldwide dms market according to what has been said today....... and SEE will still take a slice of that.
So we have been told that SEE effectively are taking 50% of 90% by revenue outside of China.
“ The theories about more Havieron's inside the Havieron license area are not fantasy statements, you cannot allude to them without significant knowledge of their presence. When the guys in the know say so, then you can rest assured, if they know, they know.”
You only have to drive 30km away and our JV partner has had vast experience of this. At Telfer which started as a main dome made many further discoveries, 2 further sub domes and a dozen more deep reefs which has kept the mine going nearly 50 years!
Eastern breccia and northern pods and the SE deeps are just the start.
Schroner, I disagree. They can’t come out with an rns and materially state they have 50% market share as they don’t have that yet…… they may do after the current round of rfq’s however. These interviews are still just an aspiration/projection of where the company hopes to get to so not material info.
What should happen though at YE results is some financial projections for the coming years and this should help the market see the opportunity here.
Trading update is due end of August. Think this was a bit of PR. Nothing in it that was new just some communication to investors that the company is heading in the right direction. The company indicated it would have a higher market share in the previous trading update and all things talked about have been rns’d previously.
“ I cannot believe that in June 2022 there is nothing to say about potential revenue/profits for the forthcoming financial year and beyond.“
The company stated in November that they would provide forward guidance after this round of rfq’s. I expect this guidance will come around the time of the annual report in late October.
What is the point of forward guidance at this point when there are still a billion dollars worth of rfq up for grabs. The guidance will be much more accurate than what they could provide at this point.
So how much of Qualcomm's $16 billion automotive pipeline filters down to SEE for its embedded dms on snapdragon.
I am looking forward to the rns that gives us an indication on these numbers. Market is completely overlooking this at the moment.
It's not PM actions that have resulted in the SP being at these levels. The company has done nothing but sure up its IP and increase it's market share in this burgeoning industry to the point where it looks like it will dominate DMS worldwide. Fleet and aviation will be a bonus. External events mean the SP is where its at and PM will be the big loser here missing out on the vesting shares unfortunately despite doing an excellent job as CEO.
Schnorrer, Love you work this morning. My thoughts exactly. Many of the vehicles SEE will be included in for 22/23 are already preordered and for some are at max production according to the OEM. The revenues SEE generate aren’t going to be impacted by a UK recession yet the market is pricing the company as though they will IMO.
6p levels are like the drop to 2p in March 2020. A bargain…… and the company is in a significantly better position fundamentally compared with March 2020.
Have you seen what is happening on the Nasdaq at present. Being on that platform wouldn’t help. Any decent news at present will be overwhelmed by the wider market sentiment. Switch off until takeover offer comes in from Qualcomm.
The addition of this new technology falls under the company’s embedded systems approach which recognises the additional value of not just supplying software but also processing IP and optics IP. By having a whole system approach, it can iteratively co-design and optimise the total Monitoring System to create products that have the best reliability, accuracy and latency but also with the lowest power consumption and system cost. We believe this proposition is unique when compared with its closest competitors, and that the value of the total system approach is already showing in its win rate as the market moves from early movers to mass market adoption, where OEMs are becoming increasingly focused on delivering high performance safety systems at low mass market total system costs. In our view, today’s announcement demonstrates how sophisticated and forward looking Seeing Machines is with its embedded systems approach and that access to this new optics technology could further advance the company’s technological lead and help it secure greater market share in all types of Driver and Operator monitoring markets. We iterate our Buy recommendation and 20p valuation.
Phil, PM clearly states in the rns this licence will be part of "preparing and fine-tuning our next-generation of cabin-monitoring systems."
It is future proofing their market share. The comment suggests to me that this licence won't be part of current rfq's but will help to ensure win rate in future rfq.