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Good questions so far… other ones which will get binned could include..
Why are directors not buying meaningful amounts of shares on the open market?
What’s the latest with regards to floating on alternative markets (Nasdaq)?
Why doesn’t point of profitability come forwards following all the recent wins/ partnerships? Based on all known contracts and agreements what is the revised expected date when profitability commences?
Would they consider selling at the right price, and what would that price be (??). Indeed have they had any interest as rumoured and if so what happened.?
...Or you just wait until the decision is taken out of your hands (assuming you don’t need the funds that is).
I’m expecting a healthy May with some decent sp growth. There’s too much news in the pipeline for nothing to come out and too much potential for brokers to not increase TPs in response.
I agree with Safestocks - way undervalued but can understand why - the company are one (maybe two) contract rns’s away from justifying a multi billion price tag. Until then, potential is still a maybe, and the price now is an actual, albeit still too low.
Still, I’m expecting a good month, especially if we can get above the pesky 12p ceiling. If not, we wait.
GLA
I’ll be happy with a dividend when the share price is north of £1. Until then I just want to watch it rise as contracts are announced, targets are raised and profit rolls in.
Am excited about the next two weeks, genuinely think it could push on big time.
Add:
9. auto revenue coming through the book (30-40k cars already sold if i heard correctly)
10. Nasdaq listing being discussed and is likely at some point
11. number of models reported by parent model and not trim (unlike SEYE)
12. tax planning underway
13. US IIs buying in open market too as they want to reach certain boom values
14. F150 confirmation (kind of)
15. PM happy with SP performance of last 12 months and that it has formed a strong base. Also, basically he said that we should stay invested because next 12 months will be good too
16. Corporate ‘feel’ improving - three on panel, decent videos, slick platform. Not quite there but a step in right direction.
17. Fleet picking up after tough 2020, new guy doing well (Altho still don’t know wtf they can’t say how many connected today)
18. Not enough engineers for work pipeline
19. Etc
It’s a couple of years away from being a multi billion company in my view
Funny how you see the negatives Max and not the fact that SEE has been called out as one of five to look out for among, what, 750 companies in AIM.
The cash situation is known already and doesn’t include any of the recent Qualcomm news etc, or any future collaborations/ license deals. The days of issuing cheap shares (single digit) to raise cash is over.
The next two weeks could be exciting - am expecting a run up to the 6 month report and reckon there will be some news too.
GLA, onwards and upwards.
https://www.ii.co.uk/analysis-commentary/five-aim-shares-generate-long-term-growth-your-isa-ii515418
Seeing Machines (LSE: SEE)
Current share price: 9.9p
Market capitalisation: £370 million
Driving safety technology developer Seeing Machines (LSE: SEE) has been on AIM for nearly two decades and it is finally moving towards profitability.
Driver monitoring systems (DMS) will become a mass market due to regulatory changes, and Seeing Machines has the deals with automotive suppliers that should make it a major player in its niche.
Seeing Machines develops artificial intelligence (AI)-based computer vision technologies and many years of data and information has gone into the development – all additional data makes the AI better.
Vehicles are the major market, but there is also potential in the aerospace sector. Currently the revenues mostly come from fleet users retrofitting equipment. Getting their kit designed into new cars is going to be the big opportunity.
There have been delays to regulation, but DMS will be required to be designed into cars in Europe by the middle of this decade, and other regions are following suit.
Seeing Machines is working with a large proportion of the top car brands, but they rarely want the individual models to be mentioned until it suits them. It was recently announced that Seeing Machines software is in the Cadillac Escalade. There should be further announcements about cars using the company’s technology, and that will boost its profile.
Seeing Machines will continue to lose money for the next three years at least. There is cash in the bank, but that could run out next year. Another cash call is possible, although there should be plenty of additional contract announcements before that happens. The market capitalisation is high based on the short-term outlook, but if Seeing Machines can garner a market share of more than 30%, as has been suggested, then the valuation be much higher.
Thanks v much
Looking forward to the week ahead.... thinking we might see 170-175, which is a pivotal region to get through.
Quick q - how do I get access to the telegram group?
What 2030 said...
If SEE can get through the next 6 months with a few more contract announcements in hand, then they really could be on the way to becoming a multi bn dollar company.
Just look at some of the dross out there already valued in the bns and then you realise the potential here... if SEE becomes an integral part of the web (and in that I’m mean the IoT) then it can be huge.
I’m more interested in the end of year up date in the summer... this will be the one that defines and lays out how big SEE could get further down the line.
For tomorrow, I’m not expecting fireworks but hoping for numbers in line with what 2020 said, maybe an upgrade to revenue forecasts and possibly an outside chance of news. Most importantly I’m wanting the company to start shouting and sounding enthusiastic - they are getting there, but need to understand that showing excitement isn’t a bad thing.
I am expecting further significant news in Feb tho... but hopefully not a company sale, unless it’s over 50p a share.
If they’ve caught up with the backlog then it should be close to 30,000 (26k in Nov plus 3500 waiting to be fitted).
Also, don’t forget that Max Verberne, telematics industry veteran, has been appointed GM Fleet, effective 1 February 2021 - he should start to DRIVE sales from next week...
Fleet could MOTOR over the next six months...
Cenkos don’t really have any additional numbers to work with so a 50% upgrade is still not bad.
I expect SEE to qualify the statement in the RNS when they release their trading update next week - that will give Cenkos more to work with.
Also, let’s not forget that there are likely 2-3 more RNSs to come in the next month that will result in an upgrade - I still maintain that the brokers will have 20p + as their targets by end Feb.
Whatever happens, this is a bn+ company in the making.
I may add some more later...
Don’t forget it’s not all on black either - I personally think we have money on both red and black.
Fleet (the red) on it’s own could end up supporting the current MC - 30k installations with a new commercially savvy person leading it from week after next. That’s a proven business model that will increase exponentially over time. They’ve only really tapped Australasia and Chile so far.... and a few Cat in the hats globally.
And then there is the rest (the black), more a gamble, but with huge returns. It’s this that the market has to value correctly, and which SEE needs to truly deliver on.
Valuation wise - depends on the point in the journey. It could be anything from £250m (red) £Xbn (red and black), where X increases over time or to buy out.
My worry is that it won’t get beyond £1bn before someone tries to buy it out - a bid at a premium might get us higher than this.
I see it as a race to the end now - I.e how much potential can SEE bag before the finish line appears. That’s the challenge. Rarely are small companies allowed to go all the way.
Exciting few weeks ahead I reckon.
Let’s not forget that the sp is still single digits - hopefully tomorrow we can blast through 10p (3rd time lucky?).
My understanding is that the trading update will come out w/c 1st Feb.
Question is, will any news come out beforehand? We know there are several RNSs in the pipeline, it’s whether or not anything gets released before the update. Personally, I wouldn’t mind if it doesn’t if it means Feb will be as good as Jan.
Looking at the predictions for Jan it’s going to be tight and very much based on the above - could be 11p, could be 15p, could even be 8p.
What we do know is that the trading statement will come, news will come and the brokers will upgrade their TPs. I’m genuinely expecting them to push out significantly - maybe into the 20s. I’ve not been able to check but I have been told Stifel is currently 11p..? Be good to get that clarified.
Anyway, perfectly positioned for a very good 2021 (subject to wider events of course)... and for me (but hopefully 2020) to win the end of year prediction.
So many threads to weave together... GLA
My personal view is that Cenkos are keeping the target price unchanged until they have enough to justify a significant hike... and I think they are nearly there.
Rather than push the TP up a penny at a time I’m expecting them to raise it into the 20’s at some point in the next 3 months, subject to some of the expected news coming out.
The buying volume and the sp holding at this level is very positive - as is all the streams of potential.
Exciting times, good luck all