Member Info for redindi

So let me get this right - 1. In the space of a couple of months SEYE or another third party now has an automotive grade chip that does not have the power consumption issues that Nvidia's solution has. Or.... 2. The RFQ's that SEE is probably the front runner have been halted, after some considerable time, and SEYEs low end solution that does not work over 40mph is to be used in mid/high end models. SEE has at least a two year lead over competitors in the mid/high market, a market that has segmented, and is likely to be the front runner in 6 RFQ's that are likely to be concluded mainly before end June, which may lead to a bidding war. So, how are competitors likely to overtake SEE in such a short time frame?

Ah yes, the data. 1.933 billion kilometres and counting. Data, which no one knows its value, for now!

CFP 1.I think we.'d all agree management performance re Fleet wasn't great but people paid for the errors and it may work in our favour if BdMS works out. 2. I don't think any of us PIs knows why he left/got sacked but if it was for trying to sell us out on the cheap for 30p a share, I'd make sure he doesn't get back in. 3. Outgunned, losing? It's 4-4, soon to be 4-3 to SEE, the markets segmented, ours takes longer to design. It's not an out and out competition with SEYE, one will win primarily mid/High end, the other low end. 4. We all have a choice whether to invest here or elsewhere, mine is to invest here and to stay invested while the end game starts, plays out.

ISB
I couldn't agree more, we are where we are because of the Fleet debacle which has led to a potential shortfall, which from memory in English £'s is roughly £13.6 million before Auto revenue really kicks in. Although I can understand the markets initial reaction, I think it's somewhat overdone and that for a £113 million business there are a number of options open to filling the gap. Either one or a combination of the following could make up the shortfall - 1. Borrow it from a bank, we are hardly without collateral in the form of already booked business or expected new contracts. 2. Issue bonds, yes another form of borrowing but maybe some would prefer it. 3. BdMS - from the mess of Fleet, maybe there is a silver lining. Any revenue is likely to be instantaneous and could by itself fill the gap or substantially lessen it. 4. A placing/subscription - maybe II's have had enough of SEE already but this is not a great amount of money for them to find.
My preferred option, assuming BdMS does not fill the gap is for either 1 or 2 or both, another placing does not appeal but wouldn't be that bad if really needed. However, from recent appointments, maybe a placing is not on the cards?
What is needed though is transparency because once you have the above sorted, together with the hoped for news arriving, maybe SEE will make SEYE's recent share movements seem like a damp squib!

Terry You forgot to include 'at least'?

Redeye says the hyundai deal is worth at least 2 billion króna, and total VW deal at least 3 billion króna. VW sell over 2 times the number of vehicles. SEYE receive €7/8 per vehicle, SEE US$20 per vehicle. A very loose use of the words 'at least'.......

Is that Australian or US dollars? Makes a big difference!!!

Chris Yes, SEE offer both and SEYE only one. Redeye also forgets to mention SEYE is only now designing an automotive grade chip and if anyone wanted proof that the chip is the required solution for many OEM's, that is it! Confirmation bias at work?

Semicast tweet from 03/09/18. The RNS mentioned models so maybe not just the F-150? @semicast_res If web chatter is correct and OEM4 for @seeingmachines is Ford F-150 p/u truck, it means other p/u OEMs (esp. FCA for Chevy/Dodge/RAM) had to react. Also then includes VW, GMC, Toyota. Trucks might speed DMS entry into USA even more than legislation in next 3-5 years. 12:50 PM · Sep 3, 2018 · Twitter Web Client 1 Retweet 5 Likes

The estimated revenue value, if it is this and other similar models (Colin believed it was) is over A$50 million. SEE couldn't be more right if it is, way over A$50 million.....

Game on, maybe!

From Safesocks blog of 14/01/19 he writes that GM will be placing Super Cruise into all 356,000 Cadillacs made as from 2021 or thereabouts. Taking into account Terry's post it may also include Buicks (which gives some credence to the Alex Roy podcast) but unless China was geomapped pronto would not be able to perform as in the USA. Unless, of course, it wasn't the full Super Cruise but another DMS reiteration, again as alluded to in the Alex Roy podcast. But would GM want to dilute Super Cruise?

https://www.google.com/amp/s/www.chicagotribune.com/classified/automotive/sc-auto-cover-0816-made-in-china-20180810-story,amp.html

1.2 million Buicks made each year, worldwide I think!

S2020 Yes, that's probably the way it's going to spin out but please can we get those RNS issued before a bidding war starts. I was unaware one of the big boys had a product that's comparable to Fovio. What's it called? From memory, spinning out Fovio would have been the worse deal possible, $50 million and the IP lost!

http://m.manager-magazin.de/unternehmen/autoindustrie/bosch-will-25-000-software-experten-einstellen-a-1250730.html Bosch have the money to cover all angles!

Shallwe SEE congratulates GM /Cadillac for planning to place Super Cruise into all future Cadillac models, no RNS but a mention in the trading update regarding negotiations about a further 9 models from 2021!! It may not be Cadillac that it is in negotiations with but it would tie up. However, it's odd to congratulate it whilst still in negotiations? Unless, of course?, the 9 new models aren't Cadillacs!! So, yes, contracts may not have been signed but SEE surely don't help the matter!

GM, Mercedes, BMW and Ford (not forgetting Byton but not included) made a total of 18.25 million vehicles in 2017. Assuming $20 per vehicle that would be $365 million in sales annually anytime from 2021/25 for these four companies alone. And we haven't even got round to those at RFQ stage yet. Yes, it does make you question the most senior of managers motives/behaviour. If an RNS detailing the increased orders was issued, you'd definitely have to change your name!

It's something I can't understand but more than that unacceptable that very price sensitive information that the head of Auto has given freely in an interview to a not widely viewed source is not then released as it should be ie by RNS. Obviously, a lot has changed since the trading update.... I don't believe Nick would be talking out of turn so I await a revised trading update with bated breath!

Beef Maybe SEE should have that conversation with the market, after all it cannot be called anything but significant!