Member Info for Seeing-2020

All joking aside, last time we sat above 5p was back in Jan

Indeed Mr Ryan

rocket emoji

going into orbit

get ready for takeoff

booooooooooooommmm rocket emoji x 5

This is my share of the day

boom boom

long and strong

booooooooooooooommmmmmmm

II buying "on market" thats what Paul told us would happen

Nice find

"With self-driving supposedly on the home stretch, who needs DMS? The answer is simple: Any automaker that wants to sell in Europe..."

Well my view is Paul went from "its about to happen" to keep saying its a long way put, a safe line to take.

However we have an MOU for a license deal with L3harris and our tech in sims is a very high price per unit and it can be installed into existing sims not just new sims. So what will be the split between upfront license payment and ongoing royalties, very interested to see what that looks like

IMO aviation will surprise on the upside.

Nice company to be associated with

Investing.com -- Stocks in focus in premarket trade on Thursday, November 5th. Please refresh for updates.

Qualcomm (NASDAQ:QCOM) stock soared 14% after the chipmaker provided better than expected quarterly earnings as well as robust guidance, predicting it will sell millions of chips for 5G mobile devices as people upgrade their phones.

HYms, I seem to remember Colin B mentioning Mbly / Intel and it being liked on linkedin by Paul.

I think we get all of these taking up licenses and its just about the order they land, Intel, NXP, Renesas, Texas Instruments

Getting on for 2 months since the MOU RNS so its becoming due now

Mirabeau, mbly will be very aware of SM tech as we have worked together since 2014 on Supercruise.

They can join the queue for a license deal if their parent wants a slice of a big pie

I thought it was a very good presentation, I am pleasantly surprised that cash has been controlled so well and a nice start to FY21, revenue up 20% and profit 10% v budget, can't argue with that performance.

Regarding FH, they got the golden ticket others will need to buy on market

So I am at least 10 years more positive than Seeing2030, who is only a few typos away from Philtronic

He said he brought in FH and looking for others to add on market.

They bring a "sophisticated approach and understand tech and automotive"

Reading half the messages on this board today will convince him even more to encourage shares moving to more "sophisticated" hands.

We have been upgraded by Cenkos this morning, who still put no value on Aviation, so thats upside when the L3harris license deal is announced

Extract cenkos note 2nd Nov ;
Aviation remains upside in our forecasts and valuation despite the company announcing that it is in advanced negotiations regarding a non-exclusive license with L3Harris in Simulators.
? Path to profitability in FY23 more clearly funded and therefore investment risk has decreased. We continue to expect Seeing Machines to reach profitability in FY23. However, the recently announced US$20m fund raise substantially lowers the perceived funding risk of this path. We have therefore reduced our discount rate to
15% (from 16%) which, combined with the adjustments outlined in this report, increases our DCF valuation to 8.6p from 7.2p.

Brock

Cash end June A$38m

Cash end Sept A$35m

So current year burn is A$1m per month

Cash today looks about A$62m (35 - 1 + 28)

The geniuses who said a "placing was needed, and I was right" will be queuing up to apologise I'm sure

We have never been given a trading update with the finals, i am more than impressed. Cashburn is only A$1m per month and cash balance is pre FH investment, so we have over A$60m now, wow.

"CURRENT TRADING  

·    Unaudited year to date results for Q1 FY2021 are ahead of budget, demonstrating good momentum:

o  Revenue of A$9.5m, an increase of 20% on previous period (Q1 FY2020: A$7.8m)

o  Cash of A$35m at 30 September 2020

·    Following the investment of A$28m by Federated Hermes Inc., Seeing Machines is well capitalised to fully fund its current busines plan"

Positive outlook from Paul
"I am pleased that our solid progress in FY2020 has continued into the first quarter of FY2021, with both revenue and cash ahead of budget. I am confident that we are on track for a successful year ahead with a strong strategic focus, foundational partnerships and a well established team to deliver."

Up, yeah like them also, i think we are just talking about the order in which they land

Renesas on that list also, still my favoured option for the first semiconductor company to license SM tech

JC, I love a Sunday night Toyota link

Numptypi, when Paul explains tomorrow that currently the majority of our revenue is generated from Australia and NZ it should be clear that a lockdown in UK has little or no impact.

Australia is doing great and an already very outdoors country is entering their warmest time of year as we spend more time indoors.

SEE should be seen as a safe haven

https://www.bbc.co.uk/news/world-australia-54768038