Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is exactly what a mate of mine who is a pilot said would be invaluable, there are many more incidents than crashes, the blackbox currently shows what the pilot does and says but doesn’t provide a real time visual tracking what the pilot focuses on and how he is reacting
Is the insurance industry asleep at the wheel? Why wouldn’t you insist on Guardian if insuring Fleets of vehicles, I think in NZ there was talk of an insurer offering a 20% discount...Guardian then pays for itself. 3.6million events detected. Time to wake up!
What we need now is an analysts note attributing a value to data that as far as I know no one else has and OEM’s serious about safety need. I doubt we will see a note until the results are announced at the end of next month. If someone can be bothered to do some work regarding the value that is being attributed to unique equivalent data in other areas it could be quite interesting. I do believe at some point value will be attributed to the unique data and at that point this share will “pop”. Until then we are where we are....
Excellent post, I cannot understand how anyone can believe that this is a pointless RNS. It reflects clear frustration from the Board that the markets are ignoring what this Ccmpany has and the value of the data. Everything you read about AI whether it relates to Auto, health or otherwise points to the golden goose being real time data. SEE doesn’t have laboratory data or as referred to below data from clinical roads, it is from real life situations, no competitor can match this. It is fantastic to have it confirmed that it is not millions of Km’s it is over one billion. If we translate it into hours say at an average of 80km per hour that is over 16 million hours of data. Just in case anyone missed it, the technology also works identifying 3.6m fatigue and distraction events. Pointless? really?
Caterpillar seem happy with eye tracking as do an increasing number of fleet customers. The key points to consider for Seye are why Autoliv jumped ship to SEE as soon as they could post Takata exclusivity and also the multiple diverse applications for SEE which have given them many thousands of hours of real time data and proven success rate (for which I go back to Caterpillar as quoted on prior post below). Seye is also operating with significantly less cash than SEE. Clearly it competes directly with SEE in automotive but for the reasons above I am very happy to have my money invested in SEE. It’s a big market and there is plenty of room for competition. Ultimately Fleet with annuity income would be very significant on its own.
This seems more likely to be a Summer lull. Year end results due out at the end of next month which is a logical time for a trading update and also investor meetings. Unlikely imho that further fund raising imminent unless strategic investor comes in as Bosch has just done for CWR. Highly unlikely that the Board would feel a need to respond to Safestocks article certainly no legal obligation particularly given no upward price movement.
A lot to like about this company I had a look a couple of years ago and sold out after the 1p placing. Came back in a couple of months ago and happily have been adding on the news flow. Exciting times ahead but seemingly below the radar at the moment.
It was unusual but timing interesting as it did coincide with feedback that I got from someone at the airline who said that it was much better than he had thought. I was also discussing with a pilot at another airline. He said they would love to have been able to see which instruments/ warning lights the pilot was looking at or had looked at immediately before a crash last year and tie that in with the pilots actions.
I do still think it was slightly odd that they were in the UK at this time of year, particularly given that they will need to be back when the results are announced at the end of September. I guess they may have felt the need to keep investors warm. Let’s hope that the reason that results are being announced in late September (rather than 11/9 last year) is that more good news is anticipated before then... Further good news from a contact at a big airline who had been slightly disparaging about the tech when I caught up last week, who has since been in touch to say that the tech is much better than he had first thought.
They have already been using finance facilities for recurring fleet revenues. It would be helpful to have more clarity where the cash has gone. It does look on the basis of the last 6 months that unless there is a significant ramp up cash could be an issue again which I guess ties in with the 6 month slippage I referred to earlier. There will need to be some good news in the next 6 months to maintain the price. There is plenty of opportunity for that with Auto and Rail which must be close now. The lack of info on Fleet bothers me compared with what we have had before. I am less convinced by Aviation and revenue opportunity, my understanding is that the tech is still being experimented with rather than anything meaningful.
Disappointing, no reference to Total Contrat Value previously reported or to pipeline, both which are benchmarks previously reported. No suggestion that the delay resulted in a strong start to this financial year. Sales at half year were $14.7m even with the delay that is a really disappointing second year given the investment, the rewards to key executives and the expected curve. The results are 33% behind finncaps note in August last year, so the question really is whether See is just 6 months behind or whether there are bigger issues. Am I the only one a bit underwhelmed by current automotive revenue anticipated as being A$110m being split over 7 years to 2026? Or in fact does that mean Finncaps 2020 auto estimate is pretty well done already. A poor RNS but I have a feeling what it really signals is that SEE is 6 months behind and in the grand scheme of things that is probably just fine.
I don’t see how they can copy the algorithms etc built up in software. Also as Chinese companies innovate and seek to export their innovation China has become increasingly proactive in enforcing the protection of IP
The Mobileye comparison may become valid but imultiples of revenue are irrelevant. Look up Why Mobile really is worth $15 billion and read the Venturebeat article. The multiple on revenues is a complete red-herring. Mobileye already had the market cornered, it was a strategic entry point for Intel and Mobileye had already listed for $5.3bn. The $15bn was the agreed price and the multiple happened to be the multiple. To reach anything like that number SEE needs to corner the market. But if it achieves that the comparisons with Venturebeats view on why Intel paid $15bn become interesting. Years of algorithms which are difficult to replicate, chip manufacturing, providing a key part of the ecosystem etc SEE also has a wider transport application. As mentioned before the Board aren’t going to have a discussion on valuation based on 2019 revenues when there are known significant revenues which start to hit in 2020 or probably 2021. Where Mobileye is relevant is that a party will likely value SEE on the same basis I.e. whatever the long term strategic value is to their business. That had nothing to do with a multiple of revenues etc. The key here is whether SEE can take an early dominant position in the market. Current signs are good but competition will come, as with Mobileye the question is whether the competition can catch up in time and replicate the real time data that SEE has been building up over the last few years. It has been a nerve-racking journey but a couple more major OEM s in the next six months will be a strong indication of where this is going. I haven’t even mentioned Fleet, planes & trains and given one of the recipients of the recent share award was the SVP & GM for Fleet, Rail and Off-Road it is reasonable to assume they are performing well.