Member Info for Seeing-2020

Sometimes its useful to put our progress in context, our most recent design win was the biggest ever at A$125m.

Today Smaryeye have announced a "European OEM" design win for SEK 50m, which is approx A$7.5m

So well done to them, I guess they competed with Cipia and had success this time, meanwhile we awake the next installment of the A$1.1bn.

They are up 3.5% 'pre open'

Our dear friend Roy will be laid to rest tomorrow, Wed 2nd Feb

He was a big part of this board and I am sure will never ever be forgotten.

Those of you who interacted with him may want to have him in your thoughts.

RIP Roy, slainte.

Good point Soul, Cenkos have A$46m as at 30th June 2022, so to expect A$70m at 31st Dec 2021 may be overly optimistic.

Cash has always been important, more so than ever with A$1bn of RFQ on the table. Balance sheet strength would be a key component to any RFQ process.

The Trading Update is due any day now, I will be hoping for a similar improvement in our cash position to this extract from 1st Feb 2021 RNS

"Cash position at 31 December 2020 of A$52.7m (H1 2020: A$38.1m)."

Anywhere around A$70m would seem very strong performance to me.

You show some promise as a ramper, however 2 years time still makes no sense.

Even if we double your 2p to 4p as you suggest, thats less than half the current sp, so why hold for 2 years to lose all that value. The credibility of your model relies on the first year you are quoting surely

Brock, just keeping things real.

So you own over a million shares of a company that you think will be worth 2p in 2 years time, but you aren't a deramper, I suggest you read your own model

" My model shows a small profit at year end June 2024. Enough to warrant a 2p share price for a normal moderate growth type company, using a PER of 15."

"Mobileye will grab one, Magna, NVIDIA, they are going to take them all off the table, they have too"

Good podcast, first 30 mins is a CES review, then they move to predictions, 40 mins onwards for DMS.

52 mins Alex Roy

"Every independent DMS provider will be acquired in next 12 - 18 months"

http://www.autonocast.com/blog/2022/1/27/242-ces-roundup-and-2022-predictions

Listen from 37 mins and you will see the confidence a New York based Fund Manager has in SM and Paul.

https://youtu.be/lDzJZcu6-7Q

Top selling vehicle in US for last 4 decades is F150

Highest volume OEM is VW, the contract announced was A$125m which was the highest ever by a long way

It's like a "derampers convention" on here.

I love the ones who build models to prove the SP isn't going to rise, so funny

Surely any deramper worth their salt can find evidence of a competitor winning the F150, or IX and I4, or VW?

Extract from Year-end results 24th Nov

"The Aftermarket business is thriving under the new leadership of Max and we are expecting this to continue as the direct and indirect sales channels are bolstered around the world and large multi-national companies recognise the impacts of installing Guardian technology, like Shell. In Automotive, more and more cars are being sold with our DMS technology installed across the world and we look forward to talking about more of our globally recognised OEM customers as new models start production over the coming year."

Modest, it appears we have got to the stage that the Tier One (Conti) can announce their involvement in the IX, so we await the moment that the Tier 2 (SM) can announce their involvement.

Regarding SM working with Conti, we just tick them off the list of 16.

Conti claiming IX. One of the 16.

https://www.continental.com/en/press/press-releases/20220124-bmw-ix/

"The driver camera in the instrument cluster of the BMW iX, which is seamlessly integrated into the display, analyzes camera images of the driver’s head position, direction, eye opening and line of sight, ensuring that the driver is warned in the event of distraction from traffic or lack of attention due to fatigue. Accordingly, the two solutions additionally promote intuitive user experience and safety in road traffic"

https://www.forbes.com/sites/samabuelsamid/2022/01/25/7-billion-in-new-investments-for-gm-ev-plants-in-michigan/?sh=657318ca6bc6

GM has now announced $7 billion of investments in Michigan that will build toward a goal of 1 million units of EV production capacity in North America by the end of 2025.

David, your original post was about a takeover and in that instance the PI won't decide, luckily

So funny, all the new names who have held for years but just posted for the first time today to warn us, lol.

KBW, what's the bank balance as at 31st Dec 2021 then?

David, 70%+ of the shares are held by II, luckily the opinion of nervous PI doesn't matter

Interesting language, no "such as"

"The 'good' rating applied to partial automation requires features offered by the Seeing Machines driver and occupant monitoring system technology"