Member Info for Seeing-2020

DR, good for them, but that's factually yesterdays news.

Better to focus on our major II increasing their holdings, we won't have a shortage of excitement come CES time.

Terry, Magna was USD, looks like they both put in around $10m

Federated was the existing US one I wanted to increase, huge vote of confidence to average up from 4.2p with $10m ish at 11p

4th Gen they high probability its us, be funny if we a week after Paul Mc talks down China we win this.

Mc Prudent

https://www.safestocks.co.uk/2021/11/29/seeing-machines-throws-down-the-gauntlet/

Kate Hill holds 3m shares

So worth 3m @ 11p =£330k

So over A$600k

Thats a substantial holding

3 positives for me

- bought as soon as 'close period' ended
- paid 11.6p
- holds a total of 3m shares now

Firstly thanks to all who have donated to help Roy's family, they are very grateful.

A bit of an update, Roy is now out of ICU and moved to a specialist hospital. There is some hope that whilst his tumour is inoperable he might be able to receive some treatment to reduce the tumour and prolong his life, the next week or so will be key as medics review his progress and treatment options.

I still hope that at some point soon he is posting on here himself to thank you all for your kindness.

https://www.gofundme.com/f/f3u5cw-a-helping-hand?utm_source=customer&utm_medium=copy_link_all&utm_campaign=m_pd+share-sheet

Cenkos Note

Seeing Machines has announced results for its financial year ended June 2021 and, after the 3 August 2021 trading update, there were few surprises in the numbers with the company trading ahead of expectations in terms of margins and cash. This reflects the successful focus by the management on reducing costs and conserving cash. However, with the conclusion of the recent fund raise, we expect the company to change gear to investing in the business and managing for longer term shareholder value. Specifically, it is investing in new features for the A$1.1bn of RFQs in process, a next gen aftermarket product, as well as improved distribution. With greater confidence in our long-term OEM forecasts and the company’s funding position we increase our valuation to 19.5p, up from 16.0p previously.

A$1.1bn is 8 RFQ, Magna win is only A$120m, so other 7 is an average of A$140m.

Old, Mirabeau is talking £ not Aussie Dollars, which I agree is confusing

They have a huge warchest of cash, Sept 30th 2021 was A$40m and they have just raised circa A$57m, so A$97m less a few months burn.

very, very impressed, cash burn will drop significantly from now

"The resultant loss for the period represented a decrease of A$29,068,000 at A$17,420,000 (2020: A$46,488,000)"

A takeover bid can happen anytime of course to any plc, but I don't expect a takeover bid now.

We have significantly strengthened our balance sheet not to fund RFQ bid teams but imo because the bids have been successful. We will have a 6-12 month period of regular design wins in auto its pent up for years, A$100m+ contracts need proof of a strong balance sheet and now we have one.

The sp will go higher than most people can get their heads around, many will sell, perfectly fine, pick a price and sell, nothing wrong with that.

Its going to be an amazing ride and it starts tomorrow

Aljess, be careful with Terence he is prone to deramping. For me there was a window of risk of a cheap takeover, perhaps even as lowball as 100p, that risk is gone now and the opportunity is magnafied.

I am in the 300-500p range, probably more the upper end

Major, hope you are well.

Of course Colin B doesn't think they should be celebrating the Mobileye connection

https://www.eetimes.com/we-really-need-to-talk-about-mobileye/

dominate + dominate = 100p+

Seepee, I disagree they played this very well.

- The placing was mainly aimed at the US investors so made sense time wise
- The RNS had a lot of content, so I was grateful for the opportunity to absorb that content overnight rather than 0700 before the markets open at 0800
- They could then RNS the successful fundraise to the London market

They played this very well in my view, lets not forget the SP was below 10p a few weeks back when these discussions would have been ongoing.

They will of course announce it as an RNS when they have a signed contract

15p

Amazed once, for years we rambled on about how good it would be to have an auto industry investor, GM, Bosch etc but it never happened, until now....

"Magna International Inc., (NYSE: MGA) (a large, multi-national Canadian mobility technology company for automakers and an existing customer of Seeing Machines) has indicated its intention to invest US$10m as part of the Placing at the Issue Price."

Amazed twice, our biggest design win was A$50m, not for long....

"After receiving a non-binding verbal acceptance in respect of c. A$120m from Magna International Inc., in response to a recent RFQ process, Seeing Machines' cumulative Automotive order book totals c. A$310m."

I didn't have Tesla on my list, but the ever knowledgeable safe stocks makes a compelling arguement

"With the NHTSA investigating accidents involving Telsa vehicles, alongside increasing concerns that Tesla’s marketing its semi-autonomous autos as being capable of ‘Full Self Driving’ technology is misleading consumers, Tesla does need a fix. Incorporating Seeing Machines DMS would help prevent accidents due to driver fatigue or distraction and possibly prevent intervention by US regulators that could damage Tesla’s share price.

Elon Musk

Elon Musk is a complex character with faults and foibles like most humans. He is also a visionary, arguably more significant than even Nikolas Tesla. Just listen to Musk opining on the importance of interplanetary travel for the survival of the human species (back in 2016) if you doubt that. I’m sure Musk can see the sense in using Seeing Machines DMS technology."