Member Info for schlemiel

The GAW price had never moved above £10 since it listed late 1990s and then on the 2 June 2017 following a quarterly trading statement ('above market expectations) and it smashed through that barrier and has continued its ascent towards its current price, around £120. without really faltering.

'Something' changed as to how the market perceived the company's ability to drive its earnings higher and maintain that for years to come.

The company referred to 'high operatinal gearing' in its 27 Aug 2017 Trading Statement.

GAW is textbook in how a listed company builds its business over many years (up and down) and then one day, bang!, the market rerates the company as it has never done previously.

'high operational gearing' - the relationship between fixed and variable costs. SEE has zero debt on its balance sheet except a lease liability of around £2.65m so the company is almost unencumbered by any form of debt.

At what point does high margin sales from Automotive feed through to the bottom line to drive net earnings higher in a manner ala GAW? :

From Paul dated 31 Mar 2021. This statement is similar to the one issued by GAW dated 2 June 2017 -

'As the Company expects to be in production with existing OEM customers on more than 30 distinct car models within the next two calendar years, the current makeup of Automotive revenue is set to change from NRE (Non-Recurring Revenue) to signficantly higher margin based royalty revenue'

'signficantly higher margin based royalty revenue'. This is when SEE will be rerated by the market ala GAW. When that precise date I'm not sure but like GAW the hard work of capital investing is nearing its end and the earnings benefit will impose itself over the next 12-16 months or so

That's my insubstantial and somewhat naive analysis of trying to pin point that moment whe the stockmarket investor wakes up to a company and says 'it's arrived and it's become pure investment grade'.

'the father of Super Cruise' and the lead developer of Super Cruise's algos. Lucid will include DMS. One would think they would have sourced their DMS from SEE

https://www.regulations.gov/document/NHTSA-2020-0102-0001/comment

SEEING MACHINES LIMITED
NHTSA REQUEST FOR INFORMATION:
IMPAIRED DRIVING TECHNOLOGIES
Docket (NHTSA-2020-0102)
11 January 2021

---

'The science is in – ocular metrics hold the key to determining intoxication. There is
ample evidence from research laboratories around the world that confirms that changes in
ocular behavior, as captured through our DMS, can be used to reliably detect whether or not
a person is intoxicated.

'The industry is increasingly pursuing DMS applications for intoxication. Automotive and
trucking OEMs and operators are already investing significantly in camera-based driver
monitoring. The industry will be determined to derive additional value from the existing
investments in this technology for addressing distraction and drowsiness, already
demonstrated through enhancements of convenience features, such as with eye-tracking
controlled infotainment. We can be certain, therefore, that using camera-based DMS to detect alcohol intoxication is becoming a more prominent focus for the industry as OEM automakers will want to optimize the use of the driver-facing cameras already being installed in their vehicles for other safety requirements.'

27 aug 2021 -
'Just one of the many reasons we’re so excited to be working alongside @seeingmachines
to develop DMS capable of indexing driver impairment due to substance use '

https://twitter.com/HayleyAmie/status/1431361376526626817

good work all

https://techcrunch.com/2021/08/27/electric-vehicle-company-rivian-has-confidentially-filed-for-an-ipo/

I know Rivian is using a system similar to GM Super Cruise with driver camera monitoring but I can't find out who exactly is the DMS supplier. I know Cenkos did make some reference to an unidentified EV manufacturer for SEE DMS. I wonder if Rivian is the OEM?

NDA's conceal the true state of SEE's DMS adoption as per this from CNKS -

'We note that the number of these models already extends beyond the expectations from the initial RFQs, and with another thirty distinct models in the pipeline, we believe it is becoming increasingly clear that the automotive business won by Seeing Machines is greater than that indicated in the initial RFQ win announcements. As we have previously noted in our research we believe the figures in the previous announcements related only to the minimum volumes committed by the OEM to enable the quotation and for the supply chain to gear up but that components and systems are now being used across many additional vehicle models without additional announcements by Seeing Machines. '

https://www.cenkos.com/research-portal?#/portal/cenkos-securities/research/39_2021061703323719735

Colin's a stalwart for SEE and DMS. What a trooper and how he illuminates the entire DMS issue and its complexities helps idiots like me to understand it all

Qualcomm buy Veoneer. They then sell off the parts they don't want (non-Arriver parts of the company) and with the cash they raise frm that sale they buy SEE. imvho

activity through the book..mmmmm

It's a looking a tad better but they won't close that spread, yet

26 Aug 2021

'We’re also watching Qualcomm’s moves in the Automotive industry, which we expect to be significant in the coming months. Qualcomm’s recent pursuit of Veoneer, a developer of a full stack of automotive technologies including active safety systems (e.g. radar, vision systems, driver monitoring systems, V2X, ADAS ECU, roadscape), autonomous driving features, and restraint controls is a clear indicator of the company’s commitment to expanding its presence in and focus on opportunities in the Automotive industry.

In sum, there are exciting things ahead for the Automotive industry — across many fronts. It’s good to see GM and AT&T partner to bring 5G connectivity to GM vehicles, and I expect to see more partnerships, acquisitions, and beyond from the likes of NVIDIA, Qualcomm, as well as innovation from automotive manufacturers moving forward.'

https://futurumresearch.com/research-notes/gm-and-att-partner-to-bring-5g-connectivity-to-certain-gm-vehicles-by-2024/

b1202

it's the bondholders..what will they now do? if they come on board with the new mgt then this will rerate

terrym

posted on advfn..hope that's ok..you have been acknowledge as its source

thanks for your efforts

and indeed Escovido aslo..thanks...the '60-65% figure'

and i bet the margins above cost on each unit sold are stellar

Any derisking, equity-enhancing, positive news on resolving the bond issue will see this stock explode. If positive news about the FPSO extension comes before then this may suggest the bond issue is also close to resolution but by far and away resolving the bond issue is fundamental to the future of HUR. That is the key to unlocking the equity

Why Ford has excluded the warning light system in the steering wheel (red, blue and green) is beyond me. I don't understand that at all. Maybe they didn't want it to look like they were copying Super Cruise but without the 'in your face' visual warning that may lead to confusion

We have a limit sell order on this stock at around 11p. I reckon the large 11m trade reported yesterday was a delayed sell order completed ,,imho

L18

Does that infer that SEE is now seeing an increasing number of RFQ's while Smart Eye is seeing a decreasing number of RFQ's? It may suggest that SEE has become the dominant player which may explain the silly reference 'We are now in pole position' which does across as slightly as hyperbole and very defensive

an aside..thanks to dthurgar for bringing to this to our attention