We would love to hear your thoughts about our site and services, please take our survey here.
Exactly Joily, well said.
None of the DMS suppliers have announced the massive contracts that were to be bid upon, the date for implementation scuppered that, so these big contracts are still there to be announced, by somebody. I would be alarmed if a Billion $ of contracts had been announced, but they havn't so we all wait. Sorry folks but thats life as a small fish in the car supplier chain. All these tiny secrets are kept under wraps until the cars come out on test.
Meanwhile I first bought into this stock at 4.4p !
"We assume the premium OEMs are first in line, such as Mercedes, Volvo, Audi, etc., followed by larger OEMs within 2-3 years." Says it all to me, obvious BS aimed at SEE and their weakened Share price and Bod inability to respond.
First of all, well played the derampers, you certainly maxed out the negatives of the Neutral RNS, shame for you it fell so little!
Now back to reality, I detected a better written RNS and it felt to me that the news was far better written – dare I hope that PR may well improve now?
On days like yesterday it pays to remember
Has the CFO invested his family fortune in SEE?
Has more than one massive RFQ decision been announced by anyone? Perhaps the SEE / Magna win could count as another?
Has SEE breakeven been amended?
… I could go on but for me these three points keep me holding and these minor bumps can be ignored.
Baxter exactly what are you trying to achieve?
Your post at 10:14 was your usual pathetic moaning and is so market naive its a joke.
The post at 10:21 is what YOU should be doing instead of copying other peoples research. Stop bleating and contact the company and try to put a bit of pressure on the company. Do something yourself and stop leaning on others, because lets face it, you not selling SEE shares is everyone else's fault, not your own.
If you believe this narrative why are you still holding?
Good Lord listen to you winge, who forced you to hold? YOU held, so stop being a wimp blaming others, YOU made the decision not to trade this no one else. I blame no-one but the idiot in the mirror. Email PMG and tell him he is to blame by all means or even better attend the next questions event, I look forward to it.
Your link reposted through a different article (no c0ckpit in the wording)
https://www.slashgear.com/1488538/qualcomm-bosch-integrated-auto-compute-platform-ces/
Link does not work but landed on this instead
https://www.computerweekly.com/news/366565539/Software-defined-vehicles-market-to-be-worth-over-700bn-by-2034
All the big companies we have contracts with are mentioned .... I just get the feeling we might have a nice day tomorrow,
thanks terry, it is precisely this type of article that really confuses me. they really rate bluecruise and supercruise very highly, so why would gm give up its technical lead to go with a different manufacturer? this is why i firmly beleive the recent seye rns is for dual sourcing the bottom end vehicles - no pr buzz from gm. it makes no sense to let go the top end vehicles if supercruise is so good at the moment. i suspect ces will see see land a really big deal from gm and gm's own pr look to maximise these qualities which should give see a real good boot up the sp ****.
bmw sounds like seye being reviewed which is very encoraging, no wonder they switched dms!
tesla sounds terrible.
Well either he read my post or the pair of us are thinking the same on dual sourcing :-) Reading that blog right down to the bottom of the page sets the right tone IMO and hopefully the company will read it also and step up their game with communication.
In isolation todays SEYE win does not trouble me much at all. I have predicted that many big companies will dual source this type of equipment with any old DMS going into the budget end cars and the best DMS system going into their top end cars - this is typical in the Computer industry and since cars are so technologically advanced, dual sourcing fits well. The real battleground will be the mid value cars and I suggest it will be essential that SEE wins those contracts. We cannot tell what sort of order SEYE have won. In the Computer industry it is also typical that the budget end wins get announced first, as each company will want to keep their high end details under wraps longer, although not much longer.
Also I'd like to address those people bemoaning of the 50% market share claim. Please do not forget this was on revenue streams not overall wins, there is a big difference, and IF my logic is correct on dual sourcing the higher end will attract higher revenues. There is also one other factor. 1.55 Billion SEK sounds a lot, but a lifetime value converted into Aus $ is still not much more than the VW contract, which caused but a ripple when announced.
Trouble is all SEE holders are nervous as Paul Mc has made claims and not delivered again - well I guess he has 4 days left to deliver. Pauls failure to deliver makes me more nervous than SEYE's big win. But wait the Stellantis news broke on 22nd Decmber last year so perhaps Paul is putting on the Santa outfit as we speak!
As far as I understand the finances, all SEE need is one more contract the size of VW, then SEE becomes profitable in 2025. I suspect 1 RNS annoucing 1 big RFQ win then it will be quickly followed by the company annoucing planned profitability. That is what I expect off a BoD heavily invested SEE's SP rising. I wonder where the SP will stall after that?
Cue miseries complaining as usual.
There is another good reason to beleive good times are on the way. The frequency of green blobs has reduced massively, this last one was the first since 21st November for my feed.
SEYE are a good example of the potential for SEE holders. However the way the company presents the any news ought to change as the BoD are now financially incentivised for that to benefit. SEYE have proven how smallish contracts and good PR can turn around a companies SP. At the moment SEE are a company failing on promises and the market hates this aspect.
The really big contracts are still out there waiting to be announced. The much vaunted huge RFQ's have not been announced by any DMS company so far, these awards have to drop as news one day. If it is SEE that get the deals (and Director buys tell me we are red hot favorites) then our Share price will similarly shoot up, as long as they are presented correctly with a real bit of PR and "Buzz" put behind them.
6th November was the last Director buy after a run of 70+ such investments. 30 days ends tomorrow and its only 3 trading weeks before PMG's assetion fails again .... I hope this time his money is a massive indication of deliveries on promises made. I personally hope to see the end of single figures by the end of this year.
It is over generous, but I do not care. If I get my target price of 15p I will be set up for a nice retirement. If he becomes a multi-millionaire, I will be gone from shares forever and no more waking up before 7 o'clock!
To be fair I view this detail as extremely encouraging. Taking myself back to when PMG's original bonus scheme was announced I was gutted to think the SP would only targeted to be 15p, yes I was probably being far too optimistic with my personal projections but events meant that even PMG's own target was dreadfully out of reach. I was also very disappointed the company saw fit to put new targets in place and not make them public, so todays news is very welcome.
IMO it underlines all the director buying and creates the feeling that (hidden) news to come will be good for us PI's, Why would the company and PMG agree to that structure having just failed the previous targets?
As noted by others on this BB the director buys have dried up so its time to deliver on the promises.
I think that is a good assessment Escovido, and why not? It is about time big contracts were announced (for us, or SEYE), the car companies themselves have a receeding timeline and I am sure they will want to compete with BMW and Mercedes. Any contract involving Magna are much more likely to be RNS'd properly as well due to the clout Magna wield compared with our small company. Paul has said before Christmas, surely this one has to be correct and due.
Well Yoy comparisons is about right. It all follows the trend in car sales which currently reports on a typical poor 3 month set of figures. Compare that against the background sales:
https://www.am-online.com/data/manufacturer-insight
I just wish SEE's internal PR could better prepare what was blatantly obvious. You would increase sales if all the market is expecting lower sales, next quarter will be different as its a better period.
Scope for future growth?
PMG could start with the GM $7 million deal. The models in production already must be threatening this. We know 40,000 units were sold to Dec 2022 (see link below) and the number of individual models are rising from 14 to 22 by the end of this year so must bust the $7m lifetime revenue in North America alone. A little PR around this one contract will do wonders, on top of actually new “News”.
https://gmauthority.com/blog/2022/12/gm-built-more-than-40000-super-cruise-equipped-vehicles-so-far/