Member Info for Seeing-2020

Sch, we didn't raise £40m.

Mitsu invested £40m.

- £26m was new shares and so cash for SM.

- £14m they purchased (some of) the shares of existing holders (LO & VSI)

From the RNS

"In Aftermarket, Seeing Machines and Mitsubishi Electric Mobility will work together to drive increased sales of Guardian Generation 3 in Japan, Europe and North America, leveraging Mitsubishi Electric Mobility's significant Aftermarket distribution network and customer base. This joint effort is expected to accelerate the Company's path to profitability."

I had missed the Japan reference previously so a totally new market for Fleet

From investor section of SM website

"Seeing Machines is not subject to the UK City Code on Takeovers and Mergers. As a company incorporated in Australia, Seeing Machines is governed by Australian Corporations legislation. The Australian Corporations Act 2001 provides that, in general terms, once a person controls more than 20 percent of the shares of an Australian public company, they must make a takeover offer. There are a number of exceptions to this general rule, set out in Chapter 6 of the Corporations Act."

SM operate under australian company law evem though they are listed in UK.

1) above 10% can block any bid, only Mitsu or LO

2) if one goes above 20% they MUST make a bid for all remaining shares, so only circumstance Mitsu go above 20% is a takeover bid

Isb, I don't remember QC or Samsung buying 20% of the company?

This one is different gravy

Our CFO will now be one of our largest individual investors, having invested almost a A$1m, ie his local currency.

The facts:

Free shares = zero

Shares purchased = 7.9m

Total prize paid = £494k

Price in local currency = A$1m (using current FX rate)

Average price paid = 6.24p

He will be receiving a yacht club t-shirt when the time is right.....

Link please?

So today brock says "I sold 1m shares after the results".

At the time he said "Having had a deeper dive into the results today I decided to sell out.

Unfortunately, I was only able to sell 70% before I took the price down to a level, I wasn’t prepared to sell the rest at. However, it may come back later today and I can sell out the rest then"

70% = 1m, so his total holding was 1.4m.

My dog has more shares than that, but at least he doesn't come on here everyday moaning about it and acting the big dog....

From the RNS

"In Aftermarket, Seeing Machines and Mitsubishi Electric Mobility will work together to drive increased sales of Guardian Generation 3 in Japan, Europe and North America, leveraging Mitsubishi Electric Mobility's significant Aftermarket distribution network and customer base. This joint effort is expected to accelerate the Company's path to profitability."

Listening to the proactive interview a few times it's the aftermarket element that interests me the most

"We are jointly going to distribute Gen3 globally"

This is huge, we clearly need a strong partner to scale Fleet and this appears to be that partner.

As a shareholder I am very content that SM have partnered with Collins in the leader in the aviation supply chain.

I assume Collins did plenty of due diligence and like CAT, magna, Valeo, etc have decided on SM ad their DMS supplier.

I don't get excited by the current sp, if it's 3p, 13p, or 33p I wouldn't be selling today.

Shares in AI growth company Seeing Machines available for today only at a vastly reduced price.

#blackfridaydeals

Proves that the Magna mirror (with SEE inside) is being rolled out across the VW Group brands.

Cupra news

Aussies wouldn't give a 4x

https://www.linkedin.com/posts/colin-barnden-1081376_dms-sop-activity-7263167144656269312-z39Y?utm_source=share&utm_medium=member_android

Https://www.safestocks.co.uk/

For those who still think Smart Eye is a contender for the automotive crown, McNally’s killer punch is that: “On a like-for-like basis, Seeing Machines Automotive revenue (excluding Aerospace) in FY24 was well over $60m versus Smart Eye’s $11.4m (Q323- Q224), so it still looks like Seeing Machines is well ahead.”

Chutz, they have previously announced the costs of the finance as per extract below.

Arrangement fee = 5%

Utilisation fee = 1.5%

Interest = 12%

So total costs of 18.5%

Regulatory

Smart Eye issues a correction regarding the press release "Smart Eye Expands Its Credit Facility," published earlier today. The correction pertains to missing information in the press release, specifically that the credit term extends for 12 months from the date of drawdown, up to a maximum of October 2026, and that the cost of the credit facility amounts to SEK 7.5 million, with an additional maximum charge of 1.5% if the full credit line is utilized, along with an interest rate of 1% per month

Industry analyst Colin Barnden on the new NCAP rules

https://www.linkedin.com/posts/colin-barnden-1081376_driver-occupant-monitoring-activity-7262434326426836992-rmi6?utm_source=share&utm_medium=member_android

Https://www.linkedin.com/posts/colin-barnden-1081376_driver-occupant-monitoring-activity-7261815482645639169-blNL?utm_source=share&utm_medium=member_android

Article from safestocks covering the Paul & Martin interview and comments from stifel.

https://www.safestocks.co.uk/

Isb, you are displaying a worrying lack of knowledge of how business works.

You can't take 5 years sales upfront, that would break all revenue recognition rules and the CFO would end up in serious trouble. If you negotiate really well you can receive the cash in advance but that's cash not "profit" or loss reduction.