Member Info for redindi

Joker

From memory, inder res has a discussion board for both SEYE and SEE, with shareholders of the latter invited to start a share discuss board on in index res. As the two companies are completely separate ebtities, that may well be a good idea?

As per here

Thanks Esco

Link not working for me!

Hi

I'm new to the Shell board but post a bit (or more) on the Seeing Machines board. I keep reading that Shell has done a great deal with SEE, getting a large discount and for SEE it's not really a good deal.

At least that's what you'd believe by reading a few posters posts.

Let's put this in perspective -
1. SEE as per Fleet is the market leader, set up the market and technically is in a league of its own, ie is in a market of its own.
2. Shell has a number of missions, one of which is safety. For this mission, SEE is a perfect fit.
3. This is a direct contract, unlike the one and only Mix contract with Chevron. As such, and I agree with Terry's earlier figures, SEE could discount but this would still leave its profit mainly intact and as competition is limited there is no need to discount heavily.

Not only did SEE set up the market it has limited competition for now. So in effect, profit is fairly secure.

LIF

Indeed there was, not to be accused of ramping, I think it was 12-18 months ago, doubling between 2021 - 26 each year, PM was quite emphatic about it. He also said that Auto revenues would be 2/3 that stated, not sure if that was said in conjunction with the above.

Providing balance I would have said

Schlem

Gérard lives /is based in Amsterdam and as Stan says Shell has connections there and there is a good night life there!

S2020

Notice how several is now two to three years? That must mean however small the profit it is a bit earlier than later.

Brock

Come on, SEE issue some news that it is now providing Guardian to one of the world's largest companies, Glandore tries to make out it's probably not so great a deal so S2020 humorously brings into the mix the maga companies of this world.
Let's not bring realism into this, rather than some need to chill and not pontificate!

Whatif

Just as Veoneer had more than one suitor so will SEE. Indeed, SEE has more strategic value than Veoneer, great Tier 1 but there's a number of such Tier 1's but only one Tier 2 like SEE. I wouldn't be surprised, if it ever happened, that there 12 suitors for SEE. That would make for a suitable Battle of the Titans

Agreed, at Fleet level it's transformational but would probably be group transformational if there were a monetary value attached. Basic calculations indicate a value in excess of A$100 million. Considering the RNS shifted the SP as much as a A$4 million SEYE RNS did recently, imagine what would be possible with a value attached.

So, overall, great RNS but poor presential make the overall RNS grade a C.

Mirabeau

I somehow doubt Smart Eye was involved for a number of reasons but the main one is the order was definitely driven by safety and SEYE, especially its After sales 'Halfords' offering doesn't deliver on that for a raft of reasons.

SEE, really has a very small number of direct competitors in safety, roughly between 0 and 0.

The only reason SEYE might have been involved in the bidding is an effort to make it look competitive and may have served a purpose for SEE in again highlighting to SEYE it was out of its depth.)))

Shell is massive, great news.

https://en.m.wikipedia.org/wiki/Royal_Dutch_Shell

https://mobile.twitter.com/semicast_res/status/1446872130579206153

S2020

Tbh, Martin has evidence from the earlier DWs that it's minimally 5-6 years to SOP. Only 1 as of now to SOP, the rest yet to be seen. When it's viewed that way, 5-6 years may be optimistic.

The latest SEYE DW had a SOP only 18 months in the future but I suspect that's for Level 0/1 (and going against the general market direction) and easier to implement. Still, SEYE now has it all to prove, I doubt investors will fall for any further excuses, all the delays according to SEYE, had nothing to do with SEYE, the law of averages would dictate not.

https://twitter.com/semicast_res/status/1445737261455208459

Joker

Welcome to LSE, a great first post. How is it in Stockholm /Helsinki this time of year?

There are a number of very good reasons why it's believed SEE will get a very large chunk of the current RFQs and why another won't which have been debated on here in the past which I'm sure you've read or can do if you can be bothered.

The overriding reason is SEE is way ahead of the rest, technically speaking, with the world's leading DMS provider seemingly forgetting what it is and spending trivial amounts on R&D with the results matching this spend.

It's not a case of the market splitting conveniently 40/35/15/10 etc. OEMs need a product that is safety first and foremost and with SEE, it would appear ASIL D, safety, and the rest no better than ASIL B, convenience, there really is no competition if it's about safety.

If SEE is having resource /engineering issues, you'd expect other DMS providers to have exactly the same issue. And said other DMS providers also have other issues, availability, functionality and so on. If anything, SEE, being unique as it is, causes issues for Tier 1's and OEMs, other DMS issues not so as not unique.

I suspect Tier 1's will be happy about Qualcomm getting involved and wouldn't rule out further licensing.

Also, when the 3 Pillars was introduced, PM stated he expected that the business split would be 50/25/25 amongst 1/2/3. That might change but not to the extent it's 0/100/0. No logic in that.

https://www.businesswire.com/news/home/20210629005695/en/Global-Driver-Monitoring-Systems-Market-Report-2021-A-1.06-Billion-Industry---Market-Forecasts-to-2025-2030---ResearchAndMarkets.com

Annual market size 2021 is US $1.06 billion, SEE RFQ pipeline is US $650 million. So, obviously, some pipelines don't fully mix.

Lewbo

And Nakul gave a big hint in an interview why SEYE was never in the running when he said SEE tech works indicating others don't, not all of the time anyway, which is very important.

This is not just PR as a certain CFO said, look at SOP success to support this.