Member Info for Matml74

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.

Berenberg involved in the short. They have been suppressing the SP for over 12 months. How the company keeps paying them to be the broker is beyond me.

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.

Nice one Terry.

"Lantu dreamer is also equipped with fatigue driving monitoring"

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.

Plenty of comedy gold from that poster….. “ See are busy trying to hang onto the coattails of seye”

Ummmm….. ok then!

Pretty amusing them trying to talk down the largest DMS award in history! Jokers.

OW, The market ignored a 2m+ ounce resource upgrade. When the bucketloads of cash starts to roll in towards the end of next year the SP will rerate but there are further catalysts this year..... Capex financing, FS, resource upgrade Mach3 which could potentially get the ball rolling sooner. If it doesn't then keep buying at these levels for as long as you can!

How is someone going to make a hostile takeover with the diversity of the share register? No chance to build up enough stock without upward pressure on the SP based on current levels of trading.

The board is not going to recommend a takeover offer to shareholders at this level, or 50% higher or 100% higher.

Move on!

Magna award starts from early 2024.

“ 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.”

VW/QC deal announced today starts 2026 so Magna deal might be to fill the gap until 2026 and then switch to QC SoC with SEE DMS OR VW/QC deal may not include the DMS on the SoC as it is optional.

Either way it looks like SEE will be in VW for the rest of the decade with licensing revenue starting 2024.

Only a few million shares traded. No big deal. PM reassured the market at the end of February at the interims and it did nothing for the SP. This share needs some liquidity and that is only going to come with contract wins.

The board is not even going to entertain, let alone advise shareholders, of a bid at 50% of current share prices. Lets be realistic here this is not going to happen. The only time we will hear about any kind of takeover offer is if the board thinks it is a fair one.

Think this LinkedIn post from earlier in the year gives a strong indication the licence is with Analog Devices.

https://www.linkedin.com/posts/analog-devices_drivermonitoringsystem-auto-safety-activity-6885280492996833280-iHvf?utm_source=linkedin_share&utm_medium=android_app

There is only 10 engineering jobs being advertised. ANU has one of the best computer science programs in Oz. Not sure this is something to be overly concerned with.

Win the work and then find a way!

How are they going to estimate revenue for a contract like this David? It is up to the semiconductor company to go out and sell the chips. When they do that it will be reflected in SEE revenue increases. The more of these licence deals the company makes the better.