Member Info for redindi

Esc Also, from memory, an unwelcome bidder would need the agreement of any party with more than 10% of the shares in issue ie VSI with 12.10%, whose directors also have personal monies invested, would need to agree to a low ball bid when they will be fully aware of the potential value of SEE. That will deter many from making an aggressive takeover. It always comes back to two things, possible funding requirements and credibility (Ken's than is). If there is a need for funding I don't believe that will be an issue for a relatively small amount. However, as regards Ken and IIs, at best he must be in the Last Chance Saloon. SEE obviously have a far better approximation as to the value of existing business and also the likely outcome of RFQ's currently involved in (I thought it a bit unusual that SEE gave an indicative figure in the business update) and unlike we proles are likely to be more open with IIs. Once sorted, let the RNS roll, 70 trading days and counting. Maybe by then Seb will have a better idea of when to hold the party, maybe on a boat, better make it big enough!

Esc Is your day job at Marshall Wace?

http://www.safestocks.co.uk

Phil I thought a company who entered into share buy backs did it on the open market and subsequently cancelled the bought back shares thus increasing the value of the shares left after the buy back. American companies in the last ten years or so have carried out it more than usual, sometimes with cheap credit (that's QE for you) which has led (partially) to the Dows better than expected performance which may not be the best idea, doing it on cheap credit that is. I think there's arguments for and against the number of shares in issue, but I'd prefer it that the percentage owned by the Management /CEO was not too large as then the CEO can disregard other shareholders and also lead to Liquidity issues and volatility both ways.

Amazing really, looking at the buys to sells today and the price goes down! Do you think the mm's are fishing for some cheap shares? Doesn't seem to be working. And now that Ken's back in town, maybe news next week.

Yes, this share can get to you like that, like Chinese water torture sometimes. I think most were expecting some news this week but when it became clear Ken was collecting more air miles it weren't going to happen this week so it's as we were. Hopefully next week (Monday) will see the interims, placing if needed and a positive forward looking statement. Followed by a A$50 million minimum contract win. IF we are to receive news on up to 5 more RFQ's, we should be receiving one every 23 trading days (3 RNS) or 14 trading days (5 RNS). I think there's a very small number of Tier 2's in the safety RFQ queue, probably just 1,maybe 2. Roll on Monday's RNS blitzkrieg!

Bax Back to normal, feeling better?

Ken should be back in town, hopefully final touch to positive RNS' for next week. 71 trading days left, tick tock, queueing up like London buses!

For now, I'd stop having sleepless nights. Eyesight is impressive but it is convenience and despite it's ability to attract investment it is some way behind Seeing Machines Fovio. All the newish players only highlight the fact of how much money is to be made in this area. It's likely to get even more crowded but as Beef has said will Toyota, Volkswagen or any other major concern contemplate putting convenience DMS in its vehicles due to potential reputational damage. And that's before any legislation (safety rather than convenience) and NCAP ratings. Take a look at Semicast's tweet of 25/02/19, Eyesight are a competitor to SmartEye, not Seeing Machines, for now.

S7 Advanced as compared to SEYE maybe. But not ISO 26262 compliant, ASIL B raring and software only. Convenience DMS and Samsung trying to get a piece of the action. Convenience = low barriers to entry (Semicast), certainly getting busy in the convenience sector and Eyesight has at least 2 Chinese Tier 1 's (auto) and a Chinese GPS concern and Jabil from the USA. It's attracting some decent investment as well. SEE needs to keep developing,that's for sure.

Going back a year or so but maybe some Chinese OEM's will need safety DMS. Byton get mentioned. https://www.oliverwyman.com/our-expertise/insights/2018/sep/automotive-manager-2018/sales/made-in-china-cars-go-global.html

Terry A Tier 1 Automotive supplier, like SEE and Veoneer. The convenience segment is looking crowded.

Really? Are European speed limits being dropped in all of Europe? Saying that, this isn't as positive as SmartEye can be. http://www.corp.smarteye.se/sv/press/pressmeddelanden/details?releaseId=3235466

Klick True but also after BMW, Audi probably, their expected revenues if SEYE tech is in n all models fall off a cliff. As for any new business announcement, after the director buy last week, there shouldn't be for another few weeks at least. And from that, it's possible to assume the RFQ's SEE is waiting on, SEYE isn't waiting on. And why would it? Fingers crossed.

S7 Thanks. Yes, of course, credibility. How does someone get it back? By ensuring their actions following the incident that caused the loss of credibility are nothing short of excellent. And very cautious. Ok Ken, we get you but please drop the very and give the coming RNS some oomph, Veoneer metrics would do fine to start. I still am amazed he's there though. However, he is so get it fixed SEE and let's have those positive (very would be asking too much) RNS issued. I forgot to mention BdMS which could be anything but certainly something.

S7 SEYE are funded to profitability, SEE has yet to deal with that. SEYE is very auto centric (has the Thales tie up but not much else), SEE has Auto, Fleet, Off Road, Aviation, Rail and an interest in medical. The market is saying that the value of SEE is entirely based on Auto and that SEYE convenience DMS has more value than SEEs safety DMS after safety DMS got through the next stage of legislation, the last stage shouldn't take long. It tells us two things, maybe more. Either the market is totally unaware of the meaning of the EU legislation as are most investors (if they were, the SP would tank) or Semicast, Cenkos, BMW, GM, Mercedes, Ford, FCA, BMW reviewer and also Marshall Wace have got it totally wrong and SEYEs offering is the best in class and so much cheaper that it will clear up the DMS market. To me, it would appear the market is playing to investors lack of knowledge. And secondly, without the funding issue, where would SEEs SP now be?

ET Yes as always our Ken playing it very conservative and quite probably knows if the EU says it wants safety DMS, the choice is either SEE or a power hungry Nvidia offering, regardless of OEM's wanting more choice, if it isn't there what can they do? Put in something that isn't, at present, a safety DMS? That is simply not going to happen. SEYE will do perfectly well in legislation-lite areas but as far as Europe is concerned, at present, it's a non-starter. Martin should maybe take a more conservative approach.

ET Well done for standing your ground over there. As regards the EU decision, I don't think, despite the rhetoric from Martin Krantz, that it is good news for SEYE, in the short term at least, as assuming it is safety the EU is mandated, SEYEs offering at present is a convenience DMS. On the other hand it's good news which was expected anyway and as S7 stated what's holding the SP back is whether additional funding is needed and if so how much and by what method. Once that's sorted and with positive news....

72 days and counting to the end of June, tick tock. Ken's away, travelling extensively and interims due to be issued and latest trading update said up to 6 OEM RNS before end of June. Does anyone think there is more than just interims to be issued before the end of the month?

18-20,000 units including those already known about at start of the year