Member Info for Seeing-2020

Why is ISB here?

He has told us many times, he is a small time trader, sells his small number of shares at the high point and "always" buys back at the low point. He thinks posting rubbish on here will influence people to sell or buy to suit his small book

We know Croydon Trams are a long standing customer, a few of us visited their depot 8 years how, however the relevance today is they have upgraded to Gen3.

"With the recent upgrade to Guardian Generation 3, Tram Operations is preparing for the future and enhancing safety for the Croydon Tramlink network. Generation 3 provides enhanced accuracy, advanced analytics, and predictive fatigue modelling – key capabilities for an industry facing growing operational complexity and rising public expectations.

“Upgrading to Guardian Generation 3 is more than a technology upgrade, it’s an investment in safety, wellbeing, and confidence” said Ben Groome, Service Delivery Director at Tram Operations Ltd. “It ensures we remain leaders in fatigue management and operational excellence, with Guardian helping us deliver on our promise every day.”

Looking ahead, the organisation sees AI-driven fatigue prediction, advanced analytics, and a proactive wellbeing focus as the future of transport safety. With Guardian Generation 3, they are ready to lead that next decade of innovation."

They normally start with Speeding but now its Impairment & Distraction

Https://www.linkedin.com/posts/national-highway-traffic-safety-administration-nhtsa_nhtsa-administrator-jonathan-morrison-recently-activity-7432517290119798784-qdHA?utm_source=share&utm_medium=member_android&rcm=ACoAAAhWlqEBEaKZMGs9u04O9Y3CNkklo_3oS_4

Viking, the Stifel revenue forecast for FY26 is $81.1m thats a fact

Isb is just making up numbers

Isb, 7th of Jan was clearly a buying day based on this ramp with no facts

"It's got to get to at least 15p, ideally 20p before anyone starts putting in offers to buy the company which is surely going to happen later this year once they have confirmed 6 months of profitability and forecasts for 2027"

So it's either a 1.5p placing, 5p, or a bid above 20p.

ISB, I guess if you make enough predictions you might finally get one right, how did this one work out?

!18 Feb 2026 08:57

Unbelievable - what price will the share issue be? 1.5p

I assume this is a presentation being utilised for conversations with new potential investors, its very good imo.

I like the detail of the Revenue and EBITDA "bridge" (slides 19&20), it should answer an genuine concerns investors had

- Opex savings achieved as they said they would

- Growth in Auto Royalties and Guardian margin, which has only just started what will be very material change

That's the story for me and makes this share very investable, perhaps I should buy some

My eye was drawn to Q3 FY26, ie the current qtr. Range of 1m-1.3m

1m in Q3 would be immense

In my opinion the team running the business are doing a good job and the business is about to enter a real period of growth. Paul & Martin are straight up guys who say what they think or know will happen, no bs.

I trust them and for that reason I hold and today bought more.

Some of the posts on here are crossing a line and becoming very personal, being a shareholder doesn't give one the right to be rude and abusive.

The good news is it's a publicly traded business so if people dont rate ir trust them then a liquid market exists.

Have a good look at yourselfs, you own a share of the company you don't own the people working hard to make it a success.

I expected around $10m cash at end of Dec, so gap of $6.6m

I hadn't factored in

- $1m payment

- $5m working capital negative as they stock up Gen 3

So $6m explained in the RNS, the remaining $0.1m per month becomes a rounding difference.

They previously RNS'd that $14.1m had been received in Jan, so sitting on circa $17.5m in Jan 2026.

Brockwl a few weeks ago you described yourself as a trader, how can you be offended now?

"As long as auto delivers in Europe as they expect, 10p in August should he a racing certainty.

Which is why I haven't traded it this time. Don't want to miss that event."

I hope they don't delay the Trading Update, to wait for Brockwl to update his target price.

Maybe just issue the Trading Update and in the interview explain they are waiting for the model to be updated.

The main point for me was "incumbency", Paul has spoken about this for years. The hard work was done years ago to win the majority of European market share, now the RFQ delays over many years plays into our hands.

I will try explain

- SM currently have circa 60% share of the European market

- SM prudently predict that falling to 35% over time

- Current live RFQ are for 2028 onwards

- So no material change in "current" market share will happen in the next 18-24 months

Therefore for GSR compliance of July 2026 and the next say 18 month onwards we will maintain our current market share of circa 60%

This will flow through in the qtrly KPIs

I liked the increase in Guardian Annual Recurring Revenue

"The increase in hardware sales is also contributing to Annual Recurring Revenue (ARR) as sales of new Guardian units are installed and connected. Guardian generates recurring, high-margin service revenue, with customer contracts typically spanning an average term of approximately 36 months."

Rewind, you are probably partly correct.

Same way when you walk into a car showroom they don't show you the "optional" airbag or seatbelt.

why?

Because its mandated, guess what? DMS is mandated from July 2026.

Why not a 100p, well in his model his top end is 45% market share, fair enough and I thought the video was well balanced, but clearly its possible to achieve higher than 45%, SM have higher currently

Base case 18p - based on 35% market share

High Case

- based on 45% market share

- 40% revenue growth

- 48p

Great video by someone who can read a set of accounts and has done some research.

Thanks for sharing Mikey

Fantastic, now ironic, advice from Seeing2030, when he well, wasn't called Seeing2030. LSE has a better memory than these people

Philtronic

Posted in: SEE

Posts: 1,870

RE: Tesla26 Sep 2020 22:09

These twats turn up to fill the board with nonsense and any worth while research gets buried.

Happens all the time

Seeing2030 not sure if you remember yourself so found one of YOUR old posts, but generally you get positive in double figures and the world is great again. Lets not make this another FTC trading over 200p now, you sold at what 60-70p?

Philtronic

Posted in: SEE

Posts: 1,870

RE: Google , Qualcomm, Seeing Machines27 Sep 2020 21:12

If a big name licenses our chip it will go crazy I reckon and 20-30p isnt out of the realm of possible, we are in a much better place than when it spiked the last time and just the definite news of no fund raiser will start a buying frenzy, what else is holding us back? Micheal Brown is no mug, I wonder what his target price is