The last thing I want to do is drag up painful memories from our past – so I won't.
Instead (sorry to be slow catching on), a TWELVE MILLION share buy on Friday! Looks like me and Mr Market have something in common.
“Toot, toot!” Mr Market. “Toot, toot!”
I know – I've written about this subject before, but in light of recent information...
At the back-end of last year (Oct 2020) Junko Yoshida, then of the EE Times, carried out an interview with Ross Jatou of On Semiconductor (link below). Mr Jatou is Senior Vice President of On Semi's Intelligent Sensing Group, leading their automotive sensing division. If you watch the video, just after 24 minutes Mr. Jatou, when talking about the DMS market, says: “...if you look at some of the market reports, you will see that Seeing Machines has nearly half that market...”
If memory serves, this was at a time when Seeing Machines' official line was still advising we could possibly capture 30% of the market. But here's Ross Jatou, a senior manager of a company who works – not only with Seeing Machines - but, to quote the man himself: 'almost all of the leading folks' (companies in the same space), telling Junko that, as of late last year, Seeing Machines ALREADY HAD around 50% of DMS work in the bag!
What I'm getting at here is: if we take the information from the above interview (and, remember, Ross Jatou knows exactly who's doing what) then factor in yesterday's surprise potential revenue number of A$900m, we get a fairly good idea that Mr Jatou was spot on, and that Seeing Machines was/is underplaying its hand. So that figure of A$900m will be a base-line. Because, as was stated a few times yesterday, who's going to issue a number like that and then risk failing to achieve it?
P.S. Anyone new out there? That A$900m is JUST revenue from our auto division!
I agree. I also try to stay away – and do, mostly. But always check-in now and again to see if one of our super-sleuths have posted a hot-poop super-scoop (why am I now thinking about dogs?).
Same page: production line fitment - trucks, vans etc. Can't be far away - can it?
Listening to the radio on Wednesday morning, a guest contributor was asked what the difference in mind-set was between individuals who are successful and those who are not? He replied, “The successful are prepared to do what the unsuccessful are not.”
Bearing that in mind, perhaps some readers of this board have seen the TV programme SAS Who Dares Wins. For those unfamiliar with the programme, it's a series of challenges designed to test the body, break the spirit, and disrupt the mind of those 'lucky' enough to take part.
Well, a lady I know did take part in one particular series. She completed every challenge and went on to win the whole shing-bang! And that radio interview got me thinking. You see, relative to most of her fellow competitors, that lady wasn't very big or very strong. But what did impress was her mind-set. There was nothing those ex SAS guys could inflict on her that shifted her focus. Her mind was set to succeed.
Our brain - our mind - is a fascinating organ. It can be an asset one day; a liability the next. Within our emotional mix, we have to decide if the information we're being fed is true or false, because now, more than ever, there are so many crooks trying to influence our thinking. The techniques used can range from the obvious to the very subtle. One instance - not so subtle - is when yet another amateur Prophet of Doom turns up on this board and offers advice like, “Best sell up!” That's a half-arsed attempt to mess with our minds (some minds).
Now, while I in no way wish to compare my own mental resilience to that of my Who Dares friend, I do know exactly what has to be done here to win. Anyone who has researched Seeing Machines at any length will understand we've now crossed the threshold into world-wide markets. Even better, in one particular field we have the tail-wind of legislation pushing us on (if you're new to this board, that legislation is the same legislation Seeing Machines helped the E.U. create - wink, wink).
So, 'friendly' advice such as, “Best sell up!” is naive to the point of being Chaplinesque in its entertainment value. Such advice ignores our prime position in the market; completely misses the class of companies adopting our technology; and totally disregards the fact that the 'stuff' Seeing Machines sell is THE KEY COMPONENT of a globally disruptive technology.
But, credit where credit's due, our Prophet of Doom did get one thing right. One day I will sell up - but that will be when my mind-set has completely changed and, more importantly, it will be me - and me alone - who changes it.
P.S. Should anyone new here wish the 'actual facts' regarding Seeing Machines finances, have a look at this independent analysis dated 4th June 2021.
Thank you Old Fool,
Hadn't seen this before. That analysis was like taking a Gatling gun to Mr TT's low-flying clay pigeon. Re-posting your link to reassure any new visitors.
Charles Darwin was a great thinker. Before publishing Origin of Species there had to be a huge amount of joined-up thinking going on. In a time before computers, how else could information be gathered, collated, dots joined, then sense be made of it all? Only a great mind (or two) was able to piece together Theory of Evolution (a nod to Alfred Russel Wallace here).
So what's Charles Robert Darwin got to do with Seeing Machines? Well this story's about evolution. And just like Darwin's theory of 'living stuff', companies also go through an evolutionary process. Some may grow from a single-cell amoeba of an idea, eventually transforming into a fully formed business; while others fail and plop back into the swamp.
So any clues as to where we are in our corporate evolution?
Luckily, on this board we have a number of excellent contributors. Similar to Mr Darwin, our own 'Darwinists' constantly gather information; examine it; dissect it; and, piece by piece, join-the-dots to form a much bigger picture.
On the flip side, we have some visitors who seam to have difficulty joining even two dots. I'm guessing some of those negative-leaning contributors liken Seeing Machines' progress to how I rate my internet speed. And there were times, over the years, I'd have agreed (about Seeing Machines - internet's still the same). However, what's usually missing from that particular point of view is the ability to decipher our evolutionary time-line. Most detractors take a snapshot in time and pronounce our evolution a failure. But a company's evolution isn't about snap-shots. Ours is the unfolding development of a critical and increasingly important core technology.
But here's the thing: recently there's been a huge upward leap in our progress. It's something Darwin defined as: Natural Selection. In terms of evolution - it doesn't get any better. What's more, the evidence is there for all to see.
Not too long ago, a couple of major suppliers to the auto industry had a problem. They needed someone to supply them with a pinch of 'Magic DMS Dust'. The technology selected was to be integrated into their own core systems, therefore it had to be pretty trick. The company chosen by both major players (Natural Selection!) was Seeing Machines.
These wins don't just give us a step up the evolutionary ladder, they're a clear signal we're at the top. Our technological DNA has been absorbed into the genetic code of those big beasts, and that means, for us, a metamorphosis is under way. Sure, it's taken a long time to get from swamp level to way up here, but at last our glacial pace of evolution has got a shoogle on.
Seeing Machines may still looks dull from the outside, but inside – metamorphosis! When we do emerge we'll either have evolved into something incredible – or a big beast will come along and simply devour us.
Of course, there's always a down-side. Back in the swamp, there's an amoeba still trying to join two dots.
When you go online, are you constantly being irritated, aggravated or annoyed by the comments of complete strangers? If so, what you need is - BlobItGreen!
BlobItGreen is an amazing device that cures constant irritation – INSTANTLY! Simply identify the source, click the activation key and let BlobItGreen do the rest. Yes, it really is that simple!
With BlobItGreen, nuisance messages are a thing of the past. BlobItGreen frees you from annoying irritations; rids you of constant distractions; and immediately clears away all those little online scallywags. Just one click and - Hey Presto! All gone!
BlobItGreen comes with a life-time guarantee, is simple, free and easy to use, and works for everyone every time. What could be easier?
Used effectively by private individuals world wide, BlobItGreen works at home, in the office or on the move.
Here are just a small sample of the testimonials received from BlobItGreen's hundreds of satisfied customers:
Marjory from Manchester: “One guy was like an itch I couldn't scratch and I thought he'd never go away. So I eventually tried BlobItGreen and was amazed at the results. I just wish they'd make it into a cream so I could rub it on... you know... the little rash I sometimes get down... well, you know...”
Ben from Broadbent: “When I first used it, mine went red! So I headed straight to the surgery and poked it through the receptionist's window... What? Oh, the computer thingy! Oh, yeh, it's really good.”
Carol from Kirkwall: “The first time I used it, I clicked on the wrong thing and ended up marrying a Nigerian prince – so I was sceptical at first. Second time it worked fine.”
So there you have it! Hundreds of individuals successfully use BlobItGreen every day. So why not join them? And the next time you suffer an annoying irritation that refuses to go away, just...
Investing in Seeing Machines is like doing one of those old join-the-dots pictures, and recent comments about Qualcomm have reminded me... well, see how many dots you can join...
Anyone new looking in, ask yourselves these two questions: why did an organisation the size of Qualcomm choose to integrate Seeing Machines' technology into that of its own? And why did Qualcomm not adopt the tech of our 'successful' competitors?
Now, just to run the same thing past you again, but this time from a slightly different angle, please note that Qualcomm didn't licence our tech to use 'as-and-when'; they licenced it to INTEGRATE with their own ADAS stack! So our technology becomes part of Qualcomm's. That, fellow investors, is one HUGE endorsement of Seeing Machines' technology.
Now, here's another question: how many dots so far?
You see (now pay attention potential investors), if news arrives of one company adopting another's technology, if you've never heard of that business before...
Nah! Sorry, this is all too boring. How about looking at this another way?
You're down the pub. Someone you've never met before tips you a small oil company drilling a wildcat well. Of course, you roll your eyes, thank the person politely, and move on. Right?
However, now imagine if that same person gave you the same tip but - and here's the good bit – that small oil company he's telling you about already knows the oil is there – and so does he: your tipster! For goodness sake, he's telling you there's a fortune to be made here! Interested now?
Hmm, me neither. If it sounds too good... let's move on...
Okay, this time we'll give our tipster a name (remember, he's just flagged up a market of huge potential). So let's call him something random... something random like - Mr Qualcomm!
So Mr Q has flagged up that little oil company, and is telling you he's already invested his time, his money and, very importantly to him, the reputation of his own company and technology.
So what about investing now? Well, I still don't know this guy Qualcomm from Adam. So, again, moving on...
But here's the thing... you get home and curiosity gets the better. You Google Qualcomm and - Hell's Bells! You might never have heard of him before - but all the businesses that matter have. He's recognised in his sector by - everyone! He already has a turnover into the BILLIONS, so this guy is one very serious player!
(Psst! This is where you should begin paying attention).
Of course, Qualcomm isn't in the oil business; it's in the semiconductor business. It markets its products world-wide. And that tiny company it now relies on to make its own ADAS stack work isn't drilling for black gold; it's doing something much less oily: Seeing Machines - just like the ARM Holdings model before it - is simply licensing its incredibly clever software - to the world!
Now, one last question: got the picture?
The door looked like no other door in the building. It was wider, taller, and had been hewn from a single slab of granite. This polished stone was edged with thick steel. The steel was also polished to a mirror finish that sparkled in the morning sun. But this door was also different for another much less obvious reason: this door - had never been opened.
Some said the key had been lost; some said there never was a key. Many supposed the only thing behind the door was a brick wall; or it was some sort of expensive joke; some sort of folly.
However, one man believed the only reason such a door existed was to guard something of value; something precious, and some day, in some way, he was determined to discover what treasures lay beyond. So each morning as he passed, he checked. He leant on the handle and pressed - just in case, and each morning he found the door remained locked.
Initially, he began asking local locksmiths how such a door might be opened. Then, with no success near home, he had widened his search until, eventually, he was communicating with specialists all around the world.
Many months later, when it appeared there was no solution to be found, he received a mysterious delivery. One morning, a beautifully carved and polished wooden box appeared on his desk. Set into the lid were the words: Your Door Key. A vellum parchment lay inside, rolled and tied with a silk ribbon. On the parchment a two word phrase had been artfully quilled in an elaborate hand.
At first he laughed and cast the message aside, dismissing it as a well executed hoax. Those two words were the stuff of myth; of legend: of ancient fable! But, curious, once more he gathered up the parchment and silently mouthed its two intriguing words.
Leaning back in his chair, he stared at the ceiling then closed his eyes. After all this time, could this phrase actually be the answer? Could this 'nonsense' actually be The Key? He rose quickly from his desk and headed out into the corridor.
On reaching the granite door, he paused, spun to face it, checked left then right, inhaled deeply, then breathed: “Open sesame.” He placed a hand on the lever and pushed. Nothing happened. He loaded more weight onto the handle, at the same time nudging the door with his shoulder. Nothing!
Then, within the door - a heavy, mechanical clunk, followed by the sound of tortured metal; as if Excalibur itself was being torn from the stone. Then, with a final jolt, the door slowly began to hinge open.
He stepped into the gaping mouth of the doorway and stared. Beyond lay a cavernous building. The immense structure was empty apart from three boxes set in one corner. A huge sign also hung from the roof, proclaiming: A World of Opportunity. He crossed to the boxes, hunkered down and examined the nearest label: 'CAE Australia'.
Pat smiled. At last – he'd opened the door to Aviation!
P.S. … “Pat! Oh, Pat! You could've just cut through the plasterboard wall!”
Align Research... buying when others are fearful!
The angel Barnden checking in with - Mix Telematics, of all people!