Member Info for Morgank

AIM tech stars of the future
by Andrew Hore from interactive investor | 28th September 2018 15:44

Extract
This could be one for the future

Seeing Machines is a company that has been on AIM for 13 years and has benefited in recent years from focusing on its core activity of driver monitoring technology. There have been a number of spikes in the share price over the years. The automotive sector is a major opportunity, but it can take years to get designed in to a vehicle. This is beginning to happen.

At the end of April, Seeing Machines won an automotive design award from a premium German motor manufacturer, although the first models using the FOVIO driver monitoring technology will not go into mass production until 2021. This was the second award from a German manufacturer and could be worth A$25 million, but it will be over a number of years.

Other contracts have also been won, taking the total number with manufacturers to five. Between 2019 and 2026, the company estimates that the deals could generate A$138 million ($100 million) in revenues. This is not yet a cash generative business, so progress may not be smooth, but the potential is large and there is plenty of cash in the bank to fund growth.

Did the same on the pull back

Bid building into the close

Another buying opportunity, something we have a lot lately

Interesting, well spotted Klick

Yes tm promising , odd the way trading falls off after lunch each day, i wonder is the buyer in a different time zone, Oz maybe. Here’s hoping a break of 8 today ! Good luck all

1 million buy after close reported

Well done SM, credit were credits due.

Well almost, maybe a prototype before the production version

That looks like the facia of Guardian unit to me, anyone agree ??

That has to be a clue ‘Guardian’ otherwise why come up with that name ??

And again !

Bid volume rising looking good

Sorry tm did not see your post, L2 did not show large bid activity today which why i was surprised at the move up, resistance on the offer side moved up to 7.5 from 7. I think at the close a large 7.7 trade came in so hopeful we may break 7.5 tomorrow. Selling seems to be falling off which has aloud the rise also

Been watching this for weeks, the seller(s) keep selling down to 6.5 ish then hold off until the SP rises closer to 7, it may be of course just being traded rather than same seller(s). I think if it can break 7 then there might be a chance of a larger rise

Large resistance @7p and little bid volume, when the bid comes up the seller(s) get to work holding the SP back

Seeing, yes i did sell part of my holding and luckily before the biggest drop of 30% plus, this was based on the end of year trading update, it did not inspire confidence and probably like many other PI’s got drawn in with the prospect on more wins to be announced. After the large fall i waited a few days and added again but with no confidence in trading updates I sold a large part again day before results. I am still invested so still believe in SEE’s prospects. I have no moral high ground but i do act to protect my hard earnt which i cannot replace as i am retired.

I agree DT, recent posts are in danger of talking this stock down further, the SP came down which was unfortunate but with good reason on the reported change in revenue forecast be it right or wrong, we all have a view on this.
I would rather the issues be brought to the surface and reported honestly . As DT said this was always going to be a play for 2020 and beyond but events have moved quickly and SEE are having to adapt.
Let’s all try and be more positive and get back to reporting facts from good research and not wish lists and ridicule

Interesting Extract
However, it could eventually appear in Toyota and Holden cars in the future because the same technology is used overseas by Toyota’s luxury brand Lexus and General Motors’ flagship marque Cadillac.

Every time trading or results SP sinks and why not no growth in the coming year and losses