Member Info for OldFool13

Yesterday I did not watch the Investor meet interview based on the commentary here, why would I watch such a car crash?

Well I watched it today and what a load of rubbish was put on this thread! Look (to use a Paul favorite) you need to understand our CEO’s personality type. Go back and rewatch the early interviews with Nick and others, their body language told you everything about his dominant personality, he is clearly an Alpha Male type. Do you really think he will be comfortable being grilled by PI’s? I always liked a real leader in charge of the companies I worked for and Paul reminds me of someone that likes to drive. That is good because it keeps the others on their toes. I do wonder why they chose to be interviewed right now. What I saw was clear frustration of what he knows verses what he can say.

However I am glad so many awkward questions were asked; because I am concerned at the lack of wins of late, and that disquiet needed to be made apparent to him. His answers were very clear on RFQ’s bidded for – SeSSe are achieving targetted percentages and the rest SEE did not bid on as low margin and/or complexity issues. He didn’t say it but made it clear SEE are not bottom fishing.

Martin Ive, appeared a bit bored, I would say he is a doer not someone used to sitting there listening to the boss. Bring back Kate! However his answers were clear and well formed, BUT Martin, look at the damned camera! (29 mins) Listening to him makes my investment in SEE very clear and to quote his own assertion of why he joined “add a significant value to shareholders”

I could not attend yesterday due to obligations, but 2 questions that need to be made were 1/ What the hell are Stifl doing, what value are UK investors deriving from them? 2/ Why is your PR so flat?

I understand this DR777, it may be time to stay out of shares then. SEE is my last big investment and later this year I will sell up as I need to start a new life. I am sticking with the Finance Director, I cannot see why he would get it so wrong as a money man. I too had a pretty poor run last year and sold most of my SEE shares based on fears of the wider economy (not SEE) as I need the money to pay off the mortgage. Oddly it worked in my favour so well as I sold between 10 and 7 but bought most back in at 6.1 so I effectively traded SEE by accident!

Just to comment on the revenue a bit, we can sort of guess at the intellectual property being $10 for including SEE Tech (based on previous commentary) but using Mike Levenne's own Bluecruise tweet from earlier today, each car comes with 3 years subscription included so has to be $10 plus (IMO). I cannot disagree with the rest of your last post though.

Terry .... my own cashflow :-(

There seems to be quite a volume of "news to come" circulating that the excellent thread members have dug up, well done and thanks people. It also seems to be a deliberate ploy of the company to build the background story that will become and unstopplable force. I really hope the times comes soon when SEE feel they can release news, I did predict that this would happen late Autumn 2022, WRONG!

I have said it before that my guess is that the rash of SEYE wins are one half of the contracts with the more complex (hopefully bigger) SEE contracts to be formalised. I say this because of Paul McGlone's wording in the past about how SEE bid for contracts; certainly not a s easy as the SEYE approach. I guess that the Australian takeover rules allow a relaxed approach as the company are somewhat guarded against hostile bid. Must take the pressure off the company somewhat so they can build in the background.

However I desire the SP upwards to melt my short term worries.

I read the RNS, then read this thread, and I could not see what the positive posters were seeing. Sometimes it is worthwhile taking note of the few negative posters as a way of understanding the downside. Feel sorry for those that have been duped.

And you people that reply to and entertain CFP are just feeding the Troll. He is just a SEYE fanboy making trouble and he knows how to get you to magnify the rubbish he posts. Ignore the pillock!

I think the market will like this update and the following should wake a few slumbering PI's to the prospects here :

a 54% increase year on year. Total connected Guardian units at 31 December 2022 were 46,018, securing Annualised Recurring Revenue of US$12.7m (H1 2022: US$11.9m). Cash position at 31 December 2022 of US$52.7m (FY 2022: US$41.0m).

Seeing Machines' balance sheet was significantly strengthened during the period. The Company is now fully funded to deliver on its current business plan,

And yet Tesla gets safety car of the year 2023

https://www.whatcar.com/news/car-of-the-year-awards-2023-safety-award/n25376

No good

Anything in single figures assumes no real price affecting newsflow, news about wins has to be announce fairly soon IMO so either the competition wins it and it'll go to 5p or SEE win a few and it will be 10p+. If I thought it would be less than 10p then I would sell tomorrow, this has been subdued for too long and with potential buyers circling my guess is that the company have to protect themselves from a low offer so will have to come out of their shell to start marketing the company rather than the pathetic worded RNS's of the past.

AIM share price and the Tech sector are recovering from recent lows (as is SEE) so any positive newsflow will be well received. I expect 11.7p by then and since that is taken put me down for 11.8p.

As a footnote, why I am confident about newsflow is because of Dual sourcing and I find SEYE's recent wins interesting and if I am correct are occupying the lower end. I suspect SEE are yet to finalise contracts for the higher end vehicles due to their negotiating strategy of not agreeing to downgrade their own price but giving manufacturers options to run the fit outs cheaper (IAW P MG's own words). These negotiations are likely to run much longer than SEYE's agreement to the lowest price.

I have been quite concerned with the lack of SEE wins particularly as I had predicted that Nov/Dec last year would see a massive spike in deals. However I do believe SEE have a deliberate ploy of hiding behind NDA, which fits perfectly within Car manufacturing strategies of hiding details until their cars are released to the public. I am still confident that we are due a massive turnover in deals announced within the short term.

Why? Well the 2023 models have to hit the showrooms so sooner rather than later details will emerge. We know the 2024 models have to be road tested soon to meet upcoming European legislation that makes DMS mandatory, starting in 2024 for new platform cars

What is the evidence that SEE will hit their market share? You can consult Lewbo’s excellent chart for information on leads, that is a work of beauty. You can take the Magna and Mobileye deals to be very good indicators. You take the CFO buys to be a very good indicator, seriously why would a money man invest so much when he has information we are not privy to? The best indicator for me is what Martin Krantz says.

Martin Krantz is very disposed to bigging up his own company, his company wins, and his company fortunes. Martin could not hold down a PR opportunity if he tried. So when Martin says is is hoping SEYE will win 40% market share you can bet this is the upper end of the likeliness. So who else is going to win the other 60%? Cipia and the others will win some and they are also not shy of positive PR and bigging up wins, but if I read the situation correctly they should be smaller percentages, perhaps totalling 20%. So who will win the other 40%? You don’t need me to tell you who I think.

Oddly the worst indicator is what Paul McGlone says; as he has proven himself rather unreliable with his assertions. I take his words as too self serving however when he goes on record saying that SEE will achieve % market shares, he would be foolish to risk getting that wrong, and his percentage predictions fir right in. Sooner or later SEE’s understated PR has to change and the detail in SEE’s RNS’s has to start putting meat on the bones …. I just hope its in the next couple of months (for me personally)

Sorry for the outburst today, I just get a bit fed up with the bickering. 2 more for the green boxes for me.

This BB is for everyone and if those that do not believe in the company want to post let them. Personally I think contracts are to be announced very soon. Part of the strategy Paul hinted at in various presentations

Read child read .... "The prospects here are great long term" . Try growing up a little rather than yet another name call.

Well look back through November and December and SEYE announced 7 wins and the competition announced just 1, it would appear that they are running away with it. However the spectre of the fundraise will have dampened buying even with all these wins, so the pressure is upwards. I really don't know what SEE are playing at TBH because if any of these are Dual Sourced for our existing wins surely SEE can update us!

While we wait and twiddle our fingers, I WANT TO KNOW WHAT MARTIN IVE KNOWS!

Really heartwarming to see Volvo / Polestar with SEYE in rated so low. Are they in the Hyundai as well?

Smarteye should do well, and as far as I read the detail they have won the race to the bottom! Even the cars Krantz mentions are hinting at the lower end cars, and the wording within his statement is interesting. Why separate the two VW lines? "We count the brand VW together with Skoda and Seat as one since they procure together. Porsche and Audi are two separate OEMs in the VW group" To me Krantz is revealing he has won some VW models and Skoda. He then starts a new line, saying that Audi and Porsche are separate OEM's; either won by someone else, or still up for grabs, not that SEYE have won them.

I do think they have won the race to the bottom ( do we really want to occupy that space?) because McGlone has already given reasons why SEE have not gone that way by saving manufacturers money by cost savings within the set up and not dropping our price. SMART. As I have mentioned before the real battleground will be the mid tier models, this is where the money is for most contracts.

But we do need to see contracts won and a little more detail please Mr McGlone.

Sounds like a desperate defence to me ... why spring all those names to a blogger? Unprofessional (if NDA's are to be believed) and rather curious since something else is due to be happening. Now I wonder what that can be ahead of his own companies fundraise? I suspect a very large SEE RNS this week, as he will know he lost the contract, so to head off his own company SP falling he blurts out all these names. How interesting.

However if I am wrong SEE need to address their reluctance with newsflow. I don't think I am though and am looking forward to this week.

Checkin, I AGREE, well almost! Normal Director buys mean almost nothing as your example is perfectly correct. However a CFO buying in is different. New to the post, he will know all the financial likeliness of where the SP will go and the place HIS family fortune in and risk it would be unheard of. Look at his career credentials, Martin Ive is very well respected. A CFO buying in over 3 days trying to get a decent amount in the open market also flags he is in a hurry to get to his goal for his own ends. Dismiss it if you want but do not misdirect people along the way.

These buys from the CFO's family fund are very significant and do not effect newsflow as contracts won are not in SEE's control. I expect very good news, very soon - yes I know I predicted November/December, but I don't mind being late. Someone has to be announced as the Billion Dollar Pipeline winners SOON.

As sipps1 said, stop bickering with fools or end up making the discussion look daft.