Member Info for phil01

Hopefully all those that believe SEE can do no wrong and PG is doing a great job will migrate to the telegram group.

That will leave us this space to actually talk about the share, warts and all, see things as it really is. Praise when it merits praise and criticise when it merits.

When share price is falling I prefer to say that it is falling and not instead think that it is a godsend and an opportunity to buy more. If PM tells me that X will happen at such a time, I would like to believe him. I will even give him the benefit of the doubt if if happens on X + 4-5 months but not at X + 1, 2 or3 years. If it did not happen I will like to call him out and not make excuses for him. If we can't trust his utterances then why do we then believe anything else he says, or do we just believe when it suits our narrative?

If he does not know, then he should keep mum. The issue I have is that his time scales is so far out that you wonder if he has a handle on what is happening at all. The irony is lost on some posters who when you say the CEO should do better , and the stock answer is why are you invested if you do not believe the CEO is doing a great job. Within the next breadth they will complain that the AIM market is so poor and lacks good valuation, you then wonder, if their reason is allied to their advice to you, why they are investing in AIM stock if they think that it does not deliver good valuation?

YES I am still invested solely because this company has a great product, I have however de-risked by moving 3 quarters of my investment elsewhere, but I still have a significant amount here. When I initially invested, I believed this stock was a shoe in, now I am just hopeful.

Borrowing the words on PM in one of his presentations a couple of years ago, it is now a question of delivery.

That is just my tuppence worth. No investment advice intended or implied.

ColdFish,

Some of your post do bring a bit of light-heartedness to the BB , but it would be nice if we can all live together. Both rampers and de-rampers and those in-between being civil to each other and not make it personal.

We are all in this game for one thing :to make money.

Rampers may be over enthusiastic and possibly naïve, while de-rampers are born pessimists and real stick in the mud. Having both on the BB keeps everyone on level ground as they can easily assess the pros and cons. It will be a useless BB if we just have a group think mentality - (see no evil, hear no evil and speak no evil about the share we have invested our hard earned), that is for telegram groups.

For every one that is telling us that we should all mortgage the house and put it on a share there needs to be someone with a counter argument, else we will all soon be living in the street. The truth is always somewhere in the middle.

ColdFish,

I know the share price is not a laughing matter but must say your post made me laugh. You have to laugh else you will cry. Wonder how they are doing on the telegram group.......a good buying opportunity?

Anyhow, I still expect to make money of SEE but worry that those that were predicting a take out share price of +£2 by year end may be close to suicide if they really believed that and bet the family silver on SEE.

I am still hopeful that a contract will drop before the end of this month.

They are talking about front camera module , which is a forward facing camera. No connection to DMS which uses a driver facing camera.

If Volkswagen Group are going to use the mirror based DMS then it must be SEE. Dual sourcing also will only be for different models in a brand. It is really not practical to dual source for the same model as the manufacture and maintenance becomes challenging for the OEM.

Finally this agreement is only for Audi, Bentley, Lamborghini and Porsche brands, which are not great volume sellers so not a biggie if they use other DMS for those.

Next KPI will be interesting with regards to connection rate.

I have to admit that we are not adding more units as I have hopped for as I believed that the aftermarket/fleet business would be more valuable than the auto.

Anyhow while we are plodding along SEYE is taking a nibble from our moat.

https://www.smarteye.se/news/smart-eye-announces-breakthrough-order-for-its-fleet-driver-monitoring-system-ais/

We really need some breakthrough news to kick start the forward momentum here, else the share will just be trending sideways.

Chutz,

Seems your education is wasted. You should sue to get your money back.

Share on issue is irrelevant but market cap????

Market cap = Share price X Share on issue.

Keeping it simple for the educated, assume all shares are in £ for illustration

SEYE goes up by 1p : SEYE market cap increases by £340,000

SEE goes up by 1p: SEE market cap increases by £41.56Mil

A bit of research quickly show that you can not compare SEE with Applied Intuition, they are a different beast to SEE and even then they still do not think they are ready for a listing.

Since founding in 2017, "they have been on a triple-digit percentage growth year on year and have done so profitably" They have made major acquisitions and lately just bough for $71M cash. They have over $1Billion in cash.

I do not see where SEE will go, definitely not strong enough to list in Nasdaq. That is pure capitalist, PM is a nice man will not wash with American investors only delivery. We have already presented to key investors over the pond and they did not bite.

As for price uplift for wins at SEYE compared to wins at SEE. SEYE has only about 34Mil shares on issue. [1 point rise for SEYE will equate to 0.008 for SEE].

We just have to tough it out until we start to actually deliver on what we have been promising, then we can revisit jumping over the pond. Quarterly reporting required , so quarterly updates needs to be impressive else investors over there will jump ship, plenty of good tech companies over there to chose from.

On first look , without further details this may favour SEYE more than SEE. We only sell systems through Teir 1, but if this market place is purely for software then as SEYE is also acting a Teir 1 Software retailer then this may suit them.

That is not to say that "SDVerse" will be a success, so it is a wait and see scenario if it takes off or falls flat on its face.

Horz,

I still believe that SEE will do well, how well I do not know but hopeful it will do very well. At worst case scenario better than having your money in a bank.

I however also a realist to know that there is no 100% guaranteed investment in the stock market. If there was one, we would all sell the house and everything with it and put the money on the stock. Which is why the good adage about investing only what you can afford to lose, as well as balance your risk by not putting everything in a single stock still holds true today as it did since the advent of stock market.

Eventually SEE will make us money is my hope, but I do know that we will not be seeing the £1 per share , (+4 Billion market capitalisation), being predicted here for a long while. Mind you I will not say no to a share price of £1 or more.

As an amateur student of human behaviour I always enjoy the evidence of bias confirmation with some investors.

If shares in a companies I invested are dropping it is an opportunity to buy more and nothing more. If I am not invested then it is an evidence that I should not invest as the share is tanking.

If SEYE wins a contract then there must be dual sourcing as no company will want a single supplier with its attendant risk.

If SEE wins then we have the lot and the company will not be dual sourcing as we have the best product around.

If we dilute to raise capital, then it is a great strategy as it gives us enough money to reduce capital.

If a competitor dilute, what a terrible thing they are diluting their share holders, no consideration that even if they raise 3x their current share number they will still have significantly less shares than we do.

While we are waiting for SEE to do something either way, good or bad, the BB at least provides enough amusement in studying human psychology.

While some ov our esteemed investors are busy concentrating if SEYE will have to do a raise and dilution, the company is steadily inking contracts. Another one today to follow the one yesterday. Most forget that even if SEYE issues 10X there current number of shares they will still have by far less shares on issue.

Let's console ourself PM is holding back all the won announcements so as to surprise us on his birthday.

With the number of shares we have floating around, we need to win an awful lot to shift the share price and currently we are not even winning what I would consider our fair share.

This year will definitely be defining for SEE one way or the other.

Not quite sure if some people are fully aware of what a patent is and why companies including PM has been boasting that they have so many registered patents.

If we are not to bother registering a patent, then why bother pay the money a well as patent maintaining fee to register and maintain one?

Patent is an IP and whoever registers it owns it and no one can use it without paying for the use. Any company that claims to be a design company that does not have patents is not worth its name because the barrier for entry will be low.

If patent are not worth the paper then big players like google or even Tesla can just go copy our patent/design and put it into their system without bothering to pay us.

The reason why there is not many patents cases in auto is that a lot of the cases are not patentable. For example the pilot controlled rest application at the moment is been rejected, and SEE will need to keep making modifications until it becomes specific. You can't patent a general case but a specific use case.

For the patentable use cases there is more than one way of skinning a cat so others can have their own method of achieving the same outcome, BUT they can't have exactly your patented case without paying the company that owns the patent.

I am quite happy that SEE has applied for this patent as I was quite worried that Magna is patenting the solution on his own even though apparently we worked on this together. If Magna is granted the patent, then they own the IP and has a right to ask SEE to stop using it or selling it.....they would likely not do that, but business is based on contracts and not gentleman's agreement which may change depending on who the next CEO of SEE or Magna is.

Good peek at the future from Collins. A bit disappointed though that he said that he expects the products to reach the market in 2025. I was half hoping for products to be ready for 2024.

I suppose like most people on this BB I put my own over optimistic expectation on timelines and then get disappointed if that does not materialise.

This is using Seeing machines in a general sense of ability for Machine to understand its surrounding and nothing to do with SEE.

Something to ponder,..as a Magna CEO your responsibility is to your shareholders. Getting the most for their money.

Now considering the Magna loan, which they can convert to shares at 11p or else ask for their money back with interest.

If I can buy the shares in open market for 5p now and ask for my money back with interest when the loan is due, is not a no brainer? Nothing stops Magna from purchasing shares in open market.

That's why I believe Magna will ask for their money back when due. If they were interested in shares they could have acquired the amount they need in open market at a less than half the cost of taking up the option. If they did not do that but take up options at higher price, investors in Magna should be asking their CEO some hard questions. The last I looked Magna was not a charitable organisation but a business. [Mind you SEE may reduce the option price if they are desperate for Magna money, after all we did that for PM so reducing option price is not new territory to SEE board.]

Nonetheless, I do believe that this scenario is actually a good thing for SEE, as I think they would be able to pay back the outstanding loan and it will also mean that more shares are not coming into the market.

A bit surprised by his statement that the figures reported as business won is only 1/3 guaranteed.

I however applaud his honesty as it helps to set expectations. Most of the disappointment on this BB is due to unrealistic expectations which I may add a lot of it was not set by PM, except that about timelines for awards, but by over enthusiastic holders.

Some here have been telling us as fact that SEE always understate the value of their contract awards while SEYE overstate theirs, so it was a bit surprising to me to hear that what we have claimed is only 1/3 guaranteed.

Buckle in tight, hopefully the next 6 months may be the start of actual delivery rather than sound bites. Any company, and they all do, can give you sound bites as to why they are the best since sliced bread.

I am not sure if we just make statements to make ourself feel better.

The two reasons advanced so far as to why Ford Lincoln is SEE and not Smart Eye are logically inaccurate.

Post from SEE 10 months ago extolling the fact that SEE is going into Ford models. Thar was 10 months ago and did not specifically call out Lincoln as ond of these models. After all Smart Eye are still stating thst they are in BWM models?

Veneer as Tier 1 does not collaborate with Smart Eye. Firstly if an OEM choses a specific DMS then the Tier1 job is to put all the components required together to make up the assembly secondly why should SEYE need Veoneer, they did say thst thd win was as a Tier 1 software supplier so if it was with Ford there will mot be an integrator between then and Ford.

The only valid reason why current Lincoln model is definitely SEE is that if it is out now then it must be SEE. Smart Eye's win as Tier 1 supplier is is not zcheduled to go into production till 2025/6. So it can't be for any Ford that is going into production this year maybe not even any going into production next year.

I think the first 25 mins is a good listen, ( 8:47mins -25mins defnitely), gives an in-depth discussion of where the market is at and where it I going as well the strengths and weaknesses of the competition in the field. Provides a very balanced view as well as other information that is very helpful even to investors in SEE.

https://ir.financialhearings.com/tobii-q4-report-2023

Whatever you may say about Tobii, the CEO can deliver a polished presentation. No stutter and engenders confidence.

Unfortunately that s not the strong suite of either our CEO or that of Smart Eye. If any of them have pretentions of listing on the US market they better start practicing since every thing on USA is wrapped in razzmatazz. Even when a CEO wears Jeans, like Steve Job, they still are able to deliver a well polished presentation that will carry the audience.

Another thing I picked out from the presentation is that they also seem to be acting as a Tier1 supplier. hopefully this isn't going to be the way forward even though I believe Smart Eye thinks that will be the future direction the market will develop.

SEE also got a plug in their competition analysis section.