Member Info for Seeing-2020

The numbers in this tweet put Corona virus in context.

Semicast Research
@semicast_res
·2h

Not seen this stat from @UNRSC before: “road traffic crashes kill more than 1.35 million people every year, with over 90% of these casualties occurring in low- and middle-income countries.” So are AV developers really just interested in #savingrichlives?

@junkoyoshida

#Team300

Old, I am not sure tbh, I have read ET's comments from yesterday and they are just emotional outbursts as the SP fell, whilst in Sept when the SP had soared to the heights of 3.95p , he wrote the extract below in his "thesis".

"With high gross margins communicated by the company, it would not be surprising to see the company valued 15-20 times its annual revenue as a market leader and if we assume that fleet, aviation and rail deliver zero revenues, this would value the company between 101 -135 pence per share in 2022 and 180 -270 pence per share in 2024. Mobileye, automotive vision specialist was bought by Intel for US$15.3 billion for a whopping 42 times its annual revenues in 2016. If this taught
the market anything it would be that things in automotive are not sold on the cheap. If Seeing Machines were to be valued with the same multiples the company would be worth around 284 pence per share in 2022 and 757 pence per share in 2024,
on automotive alone. Once all the RFQs are sorted there is a high probability of a takeover as some large player will realise the potential. I expect it to be done long before 2024"

#Team300

ET and others feeling nervous should read this report posted by a Swedish based PI in Sept 19 when the SP was 3.95p. I don't think anything has changed for the worse, probably needs updating for Qualcomm etc

http://microcapsinvesting.com/index.php/seeing-machines/

"Seeing Machines (M2Z)is a low valued microcap company that is set to dominate the global driver monitoring market. The EU is set to mandate driver monitoring systems(DMS)for cars, trucks and buses from2022 and with the rest of the world soon to follow,the company is set for explosive revenue growth. Ithas already won automotive contracts with premium car manufacturers worth between US$113M -133M. With world leading technology and legislation forcing OEMs to go for driver monitoring systems the downside risk in this microcap is very lowwhile the potential upside is massive."

#Team300

Looks to me that Baxter's mate safestocks may be correct again.

This is what he said on 10th Jan "I expect it will first feature in the 2021/22 Volvo XC90 but Volvo are staying tight lipped as are Seeing Machines and the likely Tier 1, Bosch."

2022 XC90

https://www.autocar.co.uk/car-news/industry/why-volvo-redefining-autonomous-driving

"The next XC90, due in 2022, will be fitted with the advanced hardware and software needed to allow for eyes-off and hands-off automated driving on highways where conditions allow. What’s made clear by Volvo is that it will be up to the system to decide if the road conditions are safe to be driven in that way, and it will never be a system that means a car is autonomous 100% of the time."

#Team300

Buffet, the markets are down across the board, no need to panic.

#Team300

Another sign of DMS becoming mainstream, a few years ago it wouldn't have got a mention.

https://newsroom.aaa.com/2019/01/common-naming-for-adas-technology/?utm_source=linkedin&utm_medium=post&utm_campaign=&utm_content=website&utm_term=organic

#Team300

Stan, the original redchip interview was put on YouTube mid Jan and posted here by klick, it was an interview with SM only.

Redchip have a regular slot on Bloomberg tv and today they chose to use that slot of highlight 3 companies (who they interviewed over last few months) which included SM.

So the change in context is
- SM chosen as "stock positioned for upside in 2020"
- it was shown on the tv box not just youtube

I dont think it will move the sp but more people will be aware of SM for when our next RNS lands

#Team300

Yes stan, we saw the interview before but the context is different, redchip have chosen 3 stocks as "positioned for upside in 2020" and put them on their Bloomberg tv slot.

Its great exposure imo

#Team300

Live now Sky channel 502

#Team300

Top work Sandy

Let's see how he scrubs up on the tv box, 6pm channel 502, horror , comedy or a good suspense thriller where the good guy Captain Pat Nolan saves the day

#Team300

Buffet, the original interview was a standalone, which Klick somehow managed to find on YouTube. Imo it's one of the best that Paul has done

This time they have picked 3 stocks "positioned for upside in 2020" to talk about on the tv box, much better exposure and makes sense to use same interview.

#Team300

I think this is what will be shown on Bloomberg later today, some more exposure but it's the video brother klick found a while back.

I have set my digital recording box for 6pm just incase I'm wrong

https://youtu.be/J4A9k1blk60

#Team300

Sky channel 502 (Bloomberg) 6pm today, redchip money report.

It doesn't mention SM but I'm guessing that's the show

#Team300

The US school bus market is dominated by Firstgroup (our client at Croydon tramlink) and National Express (also our client)

https://www.schoolbusfleet.com/page/730144/top-40-contractor-fleets-of-2018

#Team335

Glandore, I didn't end the conversation, I asked some questions to improve my understanding, happy to continue the debate, perhaps start with answers to the questions?.

#Team334

https://www.linkedin.com/posts/ntilimited_its-been-a-big-4-days-for-the-nti-team-at-activity-6636458893910380544-hkyc

Glandore, that's the known negatives, the unknown negatives and the negative negatives covered

You appear very well informed a few questions if I may, based on your last post I can only assume you know the answers?

1) what is the current cost of Guardian

2) what is the average cargo value or profit of a SM customer ?

3) why do "high profit organisations " have a smaller fleet ? Some examples based on your research would be great

4) who are the rivals who will beat us to the punch ?

Now I like the number 3 as much as anyone, but you really post like a man who wants to see 3 again , so in your honour

#Team333

WHL, I had an issue with the financial forecast for Fleet being only A$20m in the Cenkos forecast.

In fact I had a $1 wager with one of the SM staff at CMD that fleet would be closer to my forecast that the A$20m, my number was A$40m and I am still confident I will collect that dollar. Based on the interviews with Paul and Naomi seems safe they will be above A$30m reveneue for fleet at full year.

As for transparency on the installed number, FY19 was "above 16,000" which left it open to interpretation, the 20,551 number at Dec 31st is exact enough for me so no complaints and clearly they will update us every 6 months which is fine also.

#Team330 (10% increase on #Team300 as they delivered the Coach USA contract as Brother Red told us earlier)

A very decent weekend read , worthy of debate and comment if anyone has anything sensible

This report is very good, firstly this link 

https://m.bigrigs.com.au/news/nhvr-puts-focus-on-fatigue-detection-technology-re/3946764/

Which highlights this trial

https://www.nhvr.gov.au/safety-accreditation-compliance/fatigue-management/fatigue-monitoring-trial

You need to click and download "phase 2"

Then search for Seeing Machines, we get 15 mentions including this one 

"What system(s) was/were selected, and why?

The FDDT system that was in use with the overwhelming majority of operators was the Seeing Machines Guardian technology. This was for several key reasons. 

The first was that this technology appears to have a reputation as somewhat of an “industry standard”. Managers indicated that they 
were aware that other Australian transport companies had this technology in use, and were 
therefore more likely to also implement it (industry standard). Other operators indicated that this technology had been selected based on the combination of front- and driver-facing cameras, in addition to the provision of real-time alerts. These real time alerts were described as a “safety net” by several interviewees."

#Team314

WHL, so what about if say Toll group installed SM across their fleet should we then assume that 100% take up rate is a decent proxy ?

The company is extremely transparent on fleet installs, we had 16,000 at June 19, a very exact 20,551 at 31st Dec, it's the overall number that matters I dont think any sensible investor would expect them to break it down further.

People wonder why Paul mc is trying to attract experienced US based investors, I for one totally agree and understand that strategy

#Team300