The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Interesting Smokey. You are admitting selling at 3.5p. That reveals that you must have bought around 2.95p - 3.05p. That worked out well for you. Must be itching to repeat the trick right now when you can buy at 2.83p. Give yourself more credibility this time and actually tell us when you buy and when you sell at the time rather than claiming it later :-) More fun that way.
If you believe in charts.... the most basic summary of it is, look at a share price graph going back to March 2020 and you'll see the trend is for highs to generally be getting higher and lows to generally be getting higher. Higher highs and higher lows. Rare for anything to go up or down in a straight line. Can argue that the last 4 months has been an upwards line with oscillation around it.
If you prefer your charts to be backed by fundamentals , since the March low we've had the biggest selling car in the USA, the Ford F150 launching, plus Mercedes S class, both yet to be RNS'd so still bits of news that can give further upwards pressure later. We've had the Tier 1 deal with US$5m up front. We've had the USA government making clear signs that they are moving towards mandating DMS. So there has been reason for the uptrend and there is reason to expect it will continue further. Although, of course, you do your own research and make your own judgement.
Our learned friends are speculating that we may have an RNS on the F150 soon when Veoneer give their update, as they appear to be our partner in that project. But really, RNSs could drop at any time.
Yes we have swings around the uptrend but the question is, do you feel lucky? Well, punk, do ya?
Thanks for the comment S7. I was busy. Here you go - one of your favourite "I've topped up" posts. Well, I have. Very happy with myself buying at 2.88p. Doesn't concern me if we have a bit more of a drop. IMHO 2.88 p is a bargain and I'm happy to wait a bit before I'm adding it to the list of profitable SEE buys I've made.
This could be a good opportunity for you to move into profit. Sure you'd like to buy lower, who wouldn't... but you just don't know if you'll get the chance and you might regret looking a gift-horse in the mouth. Good luck, whatever you do.
We are not the only company that provided technology that enabled Ford's hand free system. And the other suppliers don't all seem bound by NDAs:
https://martechseries.com/analytics/behavioral-marketing/location-data/platform-enables-hands-free-driving-ford-customers/
I know the OEMs are scared of SEE becoming another Mobileye with a dominant market position so SEE biting their tongue is understandable, even if not forced by NDAs.... but it is frustrating for me!
My question is this: Is the Veoneer US OEM in the presentation the Ford F150 or the Chevrolet Silverado... or something else?
F150 production figures are much higher than 640k but the launch was in Q3.
Veoneer presentation link below. See page 9, US OEM launching in Q3 2020 with model(s) with sales of 640,000/year launching with DMS from Veoneer
https://vp283.alertir.com/sites/default/files/report/vne_q1_2020_ec_slides.pdf
Not many models have that many sales or come close. Chevrolet Silverado sells 642,146 cars/year according to this slideshow from Autocar, ranking it as the worls 12th biggest selling car.
https://www.autocar.co.uk/slideshow/world%E2%80%99s-best-selling-cars-0#10
That is an uncanny match to the 640,000 number quoted by Veoneer. And Veoneer have a strong relationship with GM, parent of Chevrolet. Can be seen in things like this link about GM giving Veoneer as a "supplier of the year" a couple of years ago... around the time they would likely have been planning the coming Silverado.
https://www.prnewswire.com/news-releases/veoneer-recognized-by-general-motors-as-a-2018-supplier-of-the-year-winner-300856439.html
Seeing Machines is Veoneer's DMS partner
https://www.veoneer.com/en/innovation-0
Put that together with the logic of my previous post. Ford have put hands -free driving (enabled by Seeing Machines) in the coming F-150, the biggest rival to the Silverado. GM have proved they can do hands-free in the CT6 (enabled by Seeing Machines) so would they really let Ford have an advantage in this area or will they put hands-free into the Silverado?
Forgive me for reposting a previous post. Just providing context to a post or two coming from me shortly....
The Ford F150 will have hands-free driving capability (SEE inside) similar to GM's Super Cruise (SEE inside).
The Ford F150 is Ford's biggest seller and the biggest selling light truck in the USA.
GM's three top selling vehicles include two competitors to the Ford F150, the Chevrolet Silverado and the GMC Sierra.
As far as I am aware, GM have not yet announced a roll-out of Super Cruise to the Silverado or the Sierra but they have announced intentions to roll out Super Cruise to at least 20 more models.
So how long has GM known about hands free driving being included in the Ford F150? How long are they going to allow the Ford F150 to use hands-free as a competitive advantage over the Silverado and Sierra, knowing they have a proven system, Super Cruise, ready to go?
The F150, Silverado and Sierra are the first, 3rd and fifth biggest sellers in the hugely lucrative US light truck market. How would you be feeling if you were the manufacturers of the other 2 trucks in the top 5, Toyota and RAM (Fiat-Chrysler)? You know what is happening, are you going to let yourself look like technological laggards?
I've always thought Toyota (Lexus) would develop their own DMS and that there would end up being 3 main players in the DMS market including SEE and Toyota. However, several times in the past, I've brought this up with senior people at SEE who have always replied that they don't know of any automaker who is developing DMS in-house or intends to do so.
Toyota is different from other automakers in that they have a history in developing new technologies and backing cutting edge research of a more blue-sky nature .
Whoever they are working with now on DMS, in-house or not, if they end up with SEE then , together with SEE having the US big 3 and the European clients, this market will well and truely belong to us. My guess is that Toyota won't be us in the short term. I'd love to be proven wrong and there has been some evidence in the past of us working with Toyota such as those pictures of SEE people at trade shows with Toyota in Japan a few years back.
Yes, Terry.
Just to support your "20% declared values isn't unreasonable", I'll repost this:
https://www.redeye.se/themes/autotech/videos
Video "Redeye Autotech Seminar". At time 1:53:44
Veoneer say "USD$1bn order intake typically accumulates into USD$4bn-$6bn lifetime revenue".
Veoneer use Seeing Machines for DMS (see 1:49:51 in same video).
Worth remembering when looking at the value of RFQs mentioned in the RNS and the values of initial contracts already announced.
The Ford F150 will have hands-free driving capability (SEE inside) similar to GM's Super Cruise (SEE inside).
The Ford F150 is Ford's biggest seller and the biggest selling light truck in the USA.
GM's three top selling vehicles include two competitors to the Ford F150, the Chevrolet Silverado and the GMC Sierra.
As far as I am aware, GM have not yet announced a roll-out of Super Cruise to the Silverado or the Sierra but they have announced intentions to roll out Super Cruise to at least 20 more models.
So how long has GM known about hands free driving being included in the Ford F150? How long are they going to allow the Ford F150 to use hands-free as a competitive advantage over the Silverado and Sierra, knowing they have a proven system, Super Cruise, ready to go?
The F150, Silverado and Sierra are the first, 3rd and fifth biggest sellers in the hugely lucrative US light truck market. How would you be feeling if you were the manufacturers of the other 2 trucks in the top 5, Toyota and RAM (Fiat-Chrysler)? You know what is happening, are you going to let yourself look like technological laggards?
How did this pass me by? Supercruise is available on 4 of the 5 trim packages for the 2021 Escalade.
https://www.cadillac.com/suvs/escalade
haveagoodday
Your argument seems to be that "the market" cant be wrong with the current share price.
If you hold that the market knows & so cannot be undervaluing SEE, then you must also use the same argument to say that the market is not overvaluing SEE, so the current share price is completely correct. Ok. So can you and your mates stop all the rubbish "this is going to 1p" posts then?
Thanks Morgank. "Since the implementation, not one of the trial trucks fitted with Guardian has had a fatigue or distraction related incident or rollover. As a result, Guardian is now being rolled out across every truck in the entire Qube fleet."
Qube have 900 prime movers: https://www.primemovermag.com.au/featured/article/new-frontiers#:~:text=The%20Qube%20Logistics%20business%20connects,1600%20units%20of%20trailer%20equipment.
My out-of-date price for fleets 800 trucks and larger is around AUS$60/month/unit so 900 prime movers is AUS$650k per year at very high margin. Call it ball park GBP£250k profit on the bottom line every year.
DYOR!