Member Info for redindi

He'd hardly have to nudge nudge wink wink about Auto contracts, it's an open secret unless SEYE amazingly have upgraded from convenience to safety and carried off Volvo, VAG, Toyota etc which it would if it could do safety (due to price) but it can't . Ask BMW.
So spare me the nudges and winks and just issue the RNS please!

Phil

When you consider that value wise SEE is roughly half the total value it was at its peak last summer, with approximately double the booked Auto business, there is clearly a disconnect somewhere that will only be fixed once SEE is back to a comparable position to pre TFD ie breakeven and no need for a further fund raise.

Once SEE is in that position if the market is truly as efficient as we are continually told there should be a rerate to reflect the progress made in not only Auto but other areas of the business.

As for Auto not counting 2022/2024, it takes 2-3 years from when decisions are made before production begins, NCAP /legislation is roughly two and a half years away so any OEM who wants to sell cars (especially with 5 stars) in Europe better start executing, to borrow a word from Doctor Mike, or they won't. And the market will reflect those contract wins in the SP at the time of issue, as I'm sure you know.

Looking across the water at the company perceived by some financial analysts as SEEs main competitor, as at present it hasn't acknowledged a funding gap (which there might/might not be one) on a number of metrics it is valued at 2 to 3 times the value of SEE which just shows how much a breakeven /no funding required RNS is needed.

isb

I think we should hear from the EU before December, NCAP won't be be far behind or for that matter in front. Thatcham were full of praise for this blog-

https://www.safestocks.co.uk/

Schlem

Martin is an expert in double meaning, I really wouldn't place any great emphasis on what he says.

I agree with S2020 and would add why would SEE, the world leader in safety DMS (who else is there?) with one of the leading convenience DMS providers, of which there are many?

If you look at SEYEs recent wins, all have been for vehicles destined for China of which for very good reasons SEE is reluctant to do business with.

Best to leave as is, SEYE is good for SEEs image!

Bausch

Well, bison were native to Alaska (hunted out) but have now been introduced.

The last two (non-event) RNS have been -
Alaska Airlines
Bison

So the next one next week will be
CAE licencing deal.

As easy as A, B, C......

The chip makes it more difficult but I think Apple would agree even with its resources if someone wants to steal something a way will be found. Hence, why increase the risk any more than necessary than selling anything other than chip based products to China. Admittedly, this doesn't get rid of the risk altogether but that's where patents/IP rights come in. The way the Chinese market is becoming (was it 25 DMS providers there at the moment) unless you've a global outlook and are prepared to pay for the premium product, why would some local company pay anymore than it necessarily had to (bearing in mind regulation isn't onerous in China) in order to meet its local requirements. Every yuan counts and I doubt whether SEE could compete with 2 Euro's a vehicle which looks where it's heading in China.

After consultation with Mr Bell and Donald SEE probably decided it wasn't worth the time and effort chasing all that IP that mysteriously ends up in other products and then gets sold overseas thus affecting the sale of SEE's products in its preferred markets who share its views on property rights. That the Anglo-Saxon in SEE!

This from SEYE -'In addition, the two major global manufacturers that Smart Eye was nominated for and reported in Q1 and Q2 together have a share of world production exceeding 15%.' would suggest it's Hyundai/Kia, Nissan and Renault, it comes in at 18.2% whereas replace Nissan with Mitsubishi and it's 13% and Mitsubishi does have it's own (Sana) which it seems to be pushing hard. So, SEYE must be heavily discounting down to 4 euro a vehicle. It's hell in bloodbath China.

#Team3100

....when outside a friendly zone. That's why it's so important to get the patents sorted (worldwide) and why I suspect SEE don't see much profit dealing in China.

Klick

Yes, correct. However, the problems for the IP thieves start when it starts to sell, especially

Mr BB

Yes, massive market but is it worth it? It's all about IP theft, do you consider it worth putting SEE's core for a few yuan? I don't think SEE wants to get involved in some trade war, leave that to others.

Klick

Hit the nail on the head. I think if Byton had come to us and wanted the software only SEE may have been hesitant and I can't imagine SEE will be looking with any great urgency for new business in that region. Not withstanding the low barriers to entry into China (it's really all convenience) and hence much lower prices for either cars or trucks I suspect. Notice how Kowloon Bus has gone quiet, I wonder why and am not expecting much news from that front although I could be wrong.

Plenty to work on then!

More like 'one hand' off!

Buff

Reducing, or tapering, R&D spending is the reason behind that.

Are backing the initiative it would appear. Certainly, seems to have some weight behind it -

https://mobile.twitter.com/NatRoad_AUS/status/1187199545454792704

Rail that is

Buff

We already have a very decent fail licencing deal. Refer to S2020's posts.

Baxter,
It's still above 4.40p so if you're not a shorter nows your chance to sell up. You keep on saying how sh! t this share is and about selling at various prices but you never do.

Hence, all the hallmarks of a shorter.

Bausch

Thinking about it, you're probably right. Baxter is trading SEE, it's quite obvious now, thanks.