The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Time for contracts please !!
https://www.autofutures.tv/news-features/-these-technologies-are-here.-they-are-available.-they-are-ready----a-special-report-on-how-technolo/s/bc95bf46-f262-442e-a1bc-8bd8c557376c
Agree with all that BB and not to sound like a broken record but we absolutely don’t want a bid to come in now or any time soon as readily available analysis shows that at a maximum we can only expect a 50% premium over the SP at the time of that bid ( please Google historical takeover prices vs SP). We have to earn the basic value accretion ourselves through contracts, higher sales and profitability as nobody is going to pay 11x on rumours, speculation or dare I say it, the fantastic research on this board!
Thanks to Hazl over on ADVFN for these but interestingly whilst the fund manager only has SEE on watch because it’s still lossmaking it’s taken a position in Ambarella !
https://youtu.be/efwHddMlVVw
https://www.safestocks.co.uk/
Brock - like everyone else on here we are are looking for facts, signs, clues, trends …. you name it but anything to evidence our investment - you’re right more ADAS doesn’t automatically mean slower DMS but Mobileye have been at this for some time and have revenues of over $ 1bn - that’s growing fast still and its not just through it’s automated driving but its core business - to be it’s clear evidence DMS take up is happening more slowly than we all hope - unless we literally have NDAs that preclude talking about anything a La Ford we finally need to see done contacts !!
Matm- if you read Mobileyes article it implies that the ADAS tech is not dwindling but rather expanding at a pace - so despite legislation many OEMs are delaying introduction of DMS and staying with the cheaper option.
‘For the mass market, the low cost of camera sensors enables integration of our driver-assistance technology into more vehicles (without disproportionately affecting their purchase prices). Indeed, to date, more than 135 million vehicles have been equipped with our technologies, and that number is growing at a quickening pace.’
Why else would their ADAS related business be growing ?
Matm- that was the point of my post - OEMs are NOT rushing to meet the deadline !!! Read Colin Barnden on LinkedIn
‘ The General Safety Regulation #GSR requires DMS in all new vehicle types launched in Europe from mid-2024, and in all vehicles with four or more wheels sold in the EU from mid-2026. As things stand, only BMW Group looks on target to meet the GSR deadline, with a rollout of DMS technology in #iDrive coming across all BMW, MINI CARS and Rolls-Royce models.’
Interesting article from Mobileye which seems to align to my reading of Colin Barndens ascertion that OEMs will continue to stall on rushing out full DMS and get by for as long as they allowed by legislation on the basic low cost camera based ADAS type systems.
https://www.mobileye.com/blog/camera-first-approach-for-assisted-autonomous-driving/?utm_source=twitter&utm_medium=social&utm_campaign=enhancingmobility
‘For the mass market, the low cost of camera sensors enables integration of our driver-assistance technology into more vehicles (without disproportionately affecting their purchase prices). Indeed, to date, more than 135 million vehicles have been equipped with our technologies, and that number is growing at a quickening pace.’
Well once again the Company has taken down a post - shades of the Italian job?? - very strange behaviour that I’m sure will arouse speculation. Here’s a link to the event anyway - CAE and L3 Harris attending too
https://wats-event.com/
Seize - great finds and without stating the obvious what are we to make of SEEs involvement in both Renault and the Chinese OEM. We were told by PMG that we would RNS every new contract - so is our tech in here or not ?????
Apologies if this has already been posted but hadn’t realised SEYE were chasing Aviation too - hope they don’t have any ‘imminent’ announcements!!
https://smarteye.se/blog/3-pilot-training-eye-tracking-insights/
Nothing earth shattering in here and you’ll need to put through Translate but someone felt it important enough to post that they are jointly working on a new compact and affordable solution together!!
https://twitter.com/seeingmachines/status/1643773007494537218?s=46&t=4iTTGsTkdFoiL-buaEhdWQ
SEYEs results don’t appear to have been received too well but following is interesting :
‘We have recently commissioned a thorough study and analysis of the automotive market in the light of the delays experienced by the industry during the pandemic.Notable is the significant decrease in the expectation of market size in 2024 and 2025, due to the delays in the industry, while as of 2026 there is a substantial increase in volume expected, bringing the two estimations closer again. This is mainly because of the European volume of 18,5 million vehicles, driven by road safety legislation. It's notable to see the large proportion of the world market being delivered in Europe until 2026. The non-European part of the market is surely more difficult to assess, but we believe there to be an upside potential. This study and analysis is the foundation for our stated financial goal of being cash flow positive in 2024, the year when the world production of DMS hits 6,5 million units. Given the recent streak of design wins and our expectations on the upcoming procurements, we confidently reiterate our targeted market share of at least 40%.’