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What a SEXY car!
Built for-d tough.
Any ideas, considering the chats on this board are fruitful in their findings...?
I’m surprised TFL would pay for this now though. Considering they seem to be in a dire financial position and also for the foreseeable future, surely they have other ways to sell themselves
It’s interesting to note that the recent purchase by Adams plc is in fact a company controlled by Richard Griffiths who already owns a notifiable stake in the company...which is surely a good thing because he has bought more at a higher shaper price....
Great news. Well done Toyota. Quite fascinated to see how car users can park and unpark their cars whilst standing outside of it - just by using their smartphone! Sounds a bit like Mariokart to me.
Tasty start to the week - Hybridan today included SEE in their daily ‘Breakfast Buffet’
Soul boy, this is the Cenkos note:
Seeing Machines Ltd
10th DMS win with 7th OEM
Seeing Machines has announced that it has been selected by an additional global Automotive Tier 1 supplier to deliver its FOVIO Driver and Occupant Monitoring System (OMS) technology to an additional North America-based OEM. The Driver Monitoring System (DMS) will be delivered via the company’s embedded Driver Monitoring Engine (FOVIO e-DME software library) and this is Seeing Machines’s first design award for its Occupant Monitoring System which was launched in October 2020. Mass production is scheduled from late 2022 with an initial lifetime award value of A$7m.
? Comment: The win is positive for the company making it the tenth RFQ win with the seventh OEM and with a seventh Teir-1 supplier. It is also one of the first new DMS awards announced since the onset of the pandemic demonstrating in our view that the automotive industry is getting back in gear sourcing DMS and we believe many more RFQs are in process for award this year. It is the first win for the Seeing Machines OMS which helps validate the value of the Seeing Machines OMS offering and feature set, the potential of which provides upside to our long-term expectations. As it is a new OEM, Tier 1 and product, we expect there to be some Non-Recurring Engineering (NRE) incurred in the near term to implement the technology into a vehicle, the timescales of which are tight by automotive standards. As Seeing Machines already has won DMS business with all three US automotive majors, and it is careful with the partners it chooses, we believe this design win is likely to be with a well-funded new EV manufacturer. As with previous wins, we believe the announced value (net of the NRE) will be based on minimum volume commitments to the Tier1 to enable them to price and gear up the supply chain. As a new EV manufacturer, we believe the success of the model and brand will be relatively binary and if successful, volumes are likely to be significantly greater than this minimum. With production targeted by the end of 2022 this win is therefore expected to have an impact on the forecast period providing further confidence in our expectations for Seeing Machines’ automotive DMS. We iterate our Buy recommendation and 16.0p valuation.
Sounds like you are suspicious and maybe even an idiot. I think it’s someone simply sharing their disappointment with people that may understand their frustration. I am sure quite a few of us experience this from time to time investing in the stock market.
LSE are normally 15 mins behind everything. Most accurate is google I think.
Sadly the SP is taking another tumble, hoping not back into single digits again. Why does this share always fall so much on no news - is that AIM generally, or market makers ? The more it falls the more consecutive RNS’s we need, otherwise it will take a long time to climb to 20p
Why does the article state that Ford developed the technology in their lab in Palo Alto ? Does that mean they put components together, or developed their own system ?
Big valuation! Autotalks revenue is $25.9m
Does anyone know when the DMS regulations will be made mandatory in USA? I would expect this news to also to back up the SP in the interim...
I couldn’t read the FT article below, but if you Google Quantumscape, loads of articles advising against buying their stock appear. Might be another overpriced scenario like Deliveroo.
It’s crazy that they have zero revenue and will make $53m revenue in 2025 yet they are valued at at least $9bn !!
Even in 2 years, just imagine the potential that SEE has to offer!
I can’t wait!!!
I’m happy with either within the next few months let’s hope !
FYI - Just realised that it’s possible to get RNS announcements sent to your phone when they happen much like you would with a regular news update, rather than needing to get up each day and refresh LSE at 7am. Should be an option on your investing platform of choice.
https://www.conkers3.com/whats-hiding-behind-the-rns/
Useful article. A company is never contractually obliged to release an RNS unless the news will have a material effect on the SP. The Nomad will be in charge of the release of these according to this article.
If we have a number of vehicles now in production, why wouldn’t see any evidence of this in the next set of financials ?
RNS requires a statement to be released if there will be a significant affect on the business. As such, much smaller contracts might not need to be made public to us, however if many vehicles are now starting to be in production then this should surely be visible in the next financials in 6 months ?
Really looking forward to the day I wake up and we have a couple of contracts in black and white !
I don’t think the 160 character limit on Twitter is enough for all the news we are waiting on :)
Tesla said on social media that its cars cameras aren't active outside N.America because of potential security risks related to their cameras...
https://www.hl.co.uk/feeds/apps/newsroom-article?id=16960691
Don't know why China thinks people really want to spend their time spying on *them* anyway..