USA does not like regulating its citizens. Yes and no.
Try crossing a road at a point of your choice while drinking from a beer can aged 20. Terribly dangerous activity? No. Breaking at least 3 laws which are actually enforced in much of the USA? Yes.
We could have a bet on whether or not the US will regulate, as long as you are not in the States at the moment (gambling restrictions in most of the country).
And that is only the law enforced by the state. Than you get on to restriction of behaviour by civil actions (suing).
I think the "Land of the Free" is a hell of a lot less free thank it thinks it is.
Smile and the whole World smiles with you.
The reply looked very odd to me. I don't think S7eve083 is having us on, I don't think he's that sort of person. However, it still doesn't seem right and I can't explain that. The quality of the writing. The attitude. Some of the facts. It doesn't seem very Ken. Maybe somebody "funny" in the Seeing Machines office replied to the email for Ken with or without his permission.
Did someone report S7eve083's post? It seems to have disappeared from the board. I was mulling over whether to report it, send a copy to Ken for comment or ask S7eve083 about it more. Some of the facts in the "email" didn't sound right so I was just about to read again, checking what was said exactly... but now the post isn't there...
Results today better than my forecast. Conditions are not good for Begbies core business (business recovery) yet they are still turning in a 4.0p adjusted EPS and chucking out a 2.4p dividend and growing both. Very nice. My theory on holding is that the current earnings & dividend pays for my cash being tied up here and there is a potential reward when business stress turns up, which does not have to be a recession. We seem to be in delicate balance at the moment which is keeping insolvencies down. A stronger economy could mean an upturn in interest rates which could mean zombie companies coming to an end. My gamble is that the first boost the core business will see is a "change of the landscape" which means an environment in which some sectors/businesses do better and some sectors/businesses do worse which means the assets of the weaker sectors/businesses needing to be sold on and the stronger sectors/businesses recycling the assets and employees of those weaker ones. Brexit, in whatever form it takes, should be a big change of landscape, regardless of whether it is overall positive or negative.
I think it could be very good for SEE if one (or more) of the competitors could get their act together and offer a decent eye tracking DMS. I have a long held view that, as long as SEE is the only realistic supplier, both the EU and Euro NCAP will view the technology as "emerging". I think both will be reluctant to require a technology which is emerging. They will not want to create rules which can only practically be met by one product from one supplier. As long as eye tracking DMS remains "emerging" they will have to keep the requirement loose by allowing other (inferior) types of DMS or making it possible to score enough points without having DMS. Entrance of a couple of decent competitor products could allow EU & Euro NCAP to go tighter with the rules sooner. SEE should do very well without this but if we do get tighter rules sooner, then SEE will likely be better off - SEE may lose some market share to those competitor products but the much larger market could more than compensate.
There are competitor products out there but the problem they have is that they are not considered accurate enough for real time intervention. SmartEye doesn't intervene. Even the Denso haulage product, Alex, doesn't seem to intervene in real time, is that correct?
Intervention in real time is important because it can actually prevent an accident. The difficulty is that if the accuracy isn't good enough then false alarms can be annoying or dangerous - setting off seat vibration, sounding alarms, the vehicle computer intervening to bring the vehicle to a halt, should only be done if there actually is a problem. Seeing Machines is very good at accuracy so can intervene in real time without too many false alarms.
If you don't have this level of accuracy, you can't intervene in real-time, the best you can do is trigger a warning light on the dash (the "coffee cup") or, in the case of haulage, send a message to the controller suggesting they give the driver a call.
$3.5trillion sounds about right given that elsewhere on the web, annual global car sales are put at approx 100million vehicles. For example:
https://www.valuewalk.com/2017/01/global-car-sales-see-upward-trend-2017/
With US car rental companies replacing their cars, on average, after owning them for 13 months.
https://www.fool.com/investing/general/2012/07/13/surprising-facts-about-the-rental-car-industry.aspx
Huge industry. 2 million rental cars in the US alone. US car rental market revenue approx $30 Billion per year. Global market dominated by less than 10 players. Largest players have hundreds of thousands of vehicles each. Competitive industry with price sensitive customers meaning margins are thin and controlling costs is key to success. Insurance is a major cost (including self-insurance).
Lots of drivers who are unfamiliar with the cars they are driving. Drivers with jet lag. Drivers tired after long journeys. Drivers who are driving abroad (or away from their normal area) and are unfamiliar with the roads and possibly the rules of the roads. I guess this is likely to add up to relatively high accident rate and high per-vehicle insurance cost. On millions of cars. A rental car company that could cut that risk... lets say by some sort of driver fatigue/attention monitoring... could easily use their power to capitalise on the lower risk to reduce insurance cost, improving wafer-thin margins, allowing them to undercut competitors, forcing competitors to also adopt the tech or be priced out of the market...
Doubt this would come about using an after-market product but could certainly be that cars with DMS become more attractive options for car hire companies. Likely the hire companies would still offer a range of models to allow consumers to have choice, but the rental price of DMS equipped vehicles could end up being lower, reflecting the lower insurance cost, which could then lead to higher consumer demand for those vehicles (price sensitive market)....
Just a thought about a force that could help drive penetration of DMS even before DMS becomes mandated.
To anyone new to this board:
Of course, you already treat all postings with some skepticism, including this one, and you make sure you do your own research. With Alex8, there may or may not be reason for a little extra caution. Make your own mind up. I would suggest that it might be worth reviewing his postings dated 5 July 2018 and reading the posts to which he is replying on that day and the replies to his posts.
Treat me with as much caution as you treat Alex8, I'm no saint.
To anyone new to this board:
Of course, you already treat all postings with some skepticism, including this one, and you make sure you do your own research. With Alex8, there may or may not be reason for a little extra caution. Make your own mind up. I would suggest that it might be worth reviewing his postings dated 6 July 2018 and reading the posts to which he is replying on that day and the replies to his posts.
Treat me with as much caution as you treat Alex8, I'm no saint.
Ok, Alex. I give up. You can take a horse to water but you can't make him drink.
This is why I haven't been answering your "questions" much. You just will not have a sensible conversation. That is a pity. I'm not going to filter you but I just don't see the value in engaging with you any further. Looking forward to when you've bought the shares you want and we can have a sensible conversation.
Seriously Alex?
Give me strength!
You need me to tell you what has been announced by the company in RNSs within the last 2 months????
If that is the case then, seriously, what exactly do you bring to this board????
21 May RNS "The Fleet business has very strong momentum, with an installed base of 10,000 units, around the world and a strong pipeline of sales opportunities, representing total commercial value of over A$200M through engagements with large transport and logistics companies in Asia Pacific, Europe, UK, the Middle East and USA, and a growing ecosystem of distributors globally."
TEN THOUSAND. not 6,000. For ***** sake!
You well know that this number will rapidly rise by the time results are announced as a large number of installations were held back waiting for Gen 2 to be shipped. We do NOT need to sign new contracts for 40,000 to make up the difference between 10,000 between May 21 and 30 June 2019 because a large number of the contracts are ALREADY IN PLACE and were awaiting Gen 2. We need to install what has already been ordered and carry on signing up contracts as we'd expect to. I'm going to stop there because this is such basic stuff. I really should not have to tell you how to spell DMS.
Incorrect, Alex. The last update from See on installed units is not 6,000. This is why you are so annoying at the moment. If you could get the basic facts right, you would be worth engaging in discussion. You are either not bothering with the most basic of research or are willfully ignoring it.
You don't state an alternative point of view any more than the flat-Earth crew state an alternative point of view. If you did state an insightful and thought-provoking alternative view on SEE, I would welcome that very much. Others might not, but I would. Instead you are acting like the bloke in the street wearing a sandwich board saying "the end is nigh" which was entertaining at first but has become irritating. It is even more irritating because I know you are not an idiot and are capable of so much better. To put it another way, I am not scared of what you say I am just very disappointed in the quality.
Carry on posting your tripe if you like. However, if you want some quality debate on the board, bring some good stuff. Stuff that indicates the price should be higher or lower, I don't mind.
And no - I really don't mind. I make my living from the volatility of the share price (of this and other companies), not from its absolute level. I do also happen to be a long term investor in SEE but that's not what pays the mortgage.