Member Info for Seeing-2020

A few things with Fleet

1) Shell, the Shell contract will be huge, its not just Shell as their partners/affiliate's / suppliers will use Guardian also, Paul mentions 3 wins in the video which he would like to announce when permission is granted.

2) After Manufacture - this is a huge and new market, my reading of this is that Bus and Truck manufacturers will factory fit Guardian after manufacture but pre sale so they then sell a fleet of Buses or Trucks that are compliant. I read this as the hardware, then our sales team would sell the monitoring services to the end buyer (Bus or Truck Fleet operator) so a win win, we sell the hardware at decent margin and then are a shoe in for the monitoring.

3) Direct Sales
The big enterprise clients the likes of Shell or say a random one like Coca-cola are direct so we get higher margin as no distributor take in the middle.

To be Fleet looks very much on track, lets not forget its the first thing Paul fixed when he came on board.

Gen3 sounds exciting, rightly he didn't name a date for that as it should be an RNS

That was a great line from the video

So the RNS values total A$395m but when it gets to production they see materially higher volumes, so real value closer to A$1bn imo

Then a 6m buy

People should listen to this video with Nick DF he is very clear that his opinion is 50% (by value) of the DMS market.
https://seeingmachines.com/video/automotive-update-june-2022/

Beware the 'helpful' 'holder' telling you that the guy running Auto who describes himself as "conservative" is actually a ramper

At least CFP doesn't claim to be helpful

Looks like Shell can afford to ramp up Guardian purchases

https://www.reuters.com/business/energy/shell-reports-record-profit-115-billion-2022-07-28/

I feel for any genuine shareholder who was a forced seller this week, that would be painful. However those of us who have been here for a decade have seen this before, we know it will turn and the blue days make us all feel better. I am not perfect but have got a little better at dealing with dips, I get my head in research mode and avoid the noise. The price for me matters most on 3 occasions, 1) When I buy. 2) If life events make me a forced seller. 3) When the company gets sold and I finally get my returns. I am still happy enough with my average price and focused on the end game.

I see many reasons to be positive (if one can get one's head out of worrying about the SP this minute)
- Paul did an investor update in June, spend 10 minutes watching it again and you will feel better, our year-end was 30th June, he couldn't be this positive if there was a business reason for this weeks drop.
https://seeingmachines.com/video/investor-update-june-2022/

- Many tech companies are laying off staff, we aren't we continue to grow the team, Paul is a clever man so we are recruiting for positive business reasons as they know what's coming. The timing of contracts being signed he can't guess, he does his best to be give us info but its not in his control. Give him a break, he can't be a superhero one day and a few months later be wearing a red nose and oversized shoes. They are building a business. Of the 22 lives roles on the website, this role is interesting

https://seeingmachines.springboard.com.au/jobtools/jncustomsearch.searchResults?in_organid=18900&in_jobDate=All

https://www.cerence.com/news-releases/news-release-details/building-driving-simulator-ux-forefront-part-1

"In addition to our sensors (steering wheel and pedals, microphones for natural language understanding, eye trackers to track where a driver is looking, and cameras for driver monitoring), the dashboard and navigation tablet were also connected to the driving simulation via MQTT. To display navigation instructions on the tablet, we installed an application that received the GPS position of our virtual car. "

wouldn't be the first company to call SM DMS their's

The financial calendar has been on the website for months, no delay its the date they set out in advance.

Financial Calendar FY2022

FY2022 Trading Update (unaudited) 31 August 2022
FY2022 Results and Directors Report 27 October 2022

Better to stick with facts from the company, this extract is from their most recent RNS, 16th June so 2 weeks before year end

"Seeing Machines continues to grow as an automotive technology leader in Driver and Occupant Monitoring Systems, having now won a total of 14 automotive programs spanning 10 individual OEMs, covering more than 120 distinct vehicle models. Delivered with an increasingly rich mix of proven global automotive Tier-1 customers and partners, the cumulative initial lifetime value of all OEM programs that Seeing Machines has won to date now stands at A$395 million. Automotive royalty revenues increased by 170% to A$2.1m during the first half of the financial year and the Company expects to announce continued strong progress in its full year trading update in August 2022."

ISB, in this video at around 1 min 30 he mentions a business opportunity selling to bus and truck manufacturers.

https://seeingmachines.com/video/investor-update-june-2022/

The company website has 19 roles on the careers page today, so we are still growing. Why no news? I have no clue but the business is making progress

It's easy to pop on here and accuse people of ramping, shameful in fact.

Personally I have no time for the rampers either.

Anyway last chance to buy before the biggest RNS ever ever lands.

#FOMO-FRIDAY #BOOM

Great spot Numtypi

That's what Paul told us a while back. We wondered if it was QC or Magna perhaps both, but QC look to be making huge strides

https://www.linkedin.com/posts/nakulduggal_chinas-ev-makers-choose-qualcomm-****pit-activity-6954270215673196544-3Hzd?utm_source=linkedin_share&utm_medium=android_app

https://finance-yahoo-com.cdn.ampproject.org/c/s/finance.yahoo.com/amphtml/news/chinas-ev-makers-choose-qualcomm-093000409.html

Chut, Cenkos model has a discount factor of 11% for their 20p target price

To get to 6p they would have to apply a discount factor of 19%....

"Very confident our plan will pay off for shareholders"

https://seeingmachines.com/video/investor-update-june-2022/

I watched this again this morning, so good.

The market share bit is amazing but also Japan were Nick mentions 5 OEM

https://seeingmachines.com/video/automotive-update-june-2022/

"A poll by Nationwide Insurance shows its agents believe 50% of all crashes involved distracted driving. And safety experts say the problem has only grown worse since the start of the pandemic."

https://www-latimes-com.cdn.ampproject.org/c/s/www.latimes.com/business/story/2022-07-06/we-are-killing-people-how-technology-has-made-your-car-a-candy-store-of-distraction?_amp=true

In the linkedin post today SM are highlighting the alcohol intoxication detection comment from Nick DF, interesting as we know that's a key driver for the US market

"Seeing Machines' SVP & GM Automotive, Nick DiFiore discusses the potential application of camera-based driver monitoring systems to detect alcohol intoxication."

UP, I remember when GM bought Cruise for $1bn years ago, I thought at the time why didn't they buy SM.

Cruise went on to crazy valuations 15x , 20x ,25x that original $1bn

I stand by my view that SM was and is a better proposition