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Don't forget we were nearly semi bought out by american hedge fund a couple of years ago but the board rejected intellectual property demands (as they did with Samsung) despite its small market cap SEE is not to be dismissed but given fast pace of market and consolidation towards autonomous assisted driving a lot can still happen either way, remember betamax which was better technology than vhs but who even has a video recorder now
Its my understanding that the tracking algos are fotonation, so were not competing with DENSO, but their size does give them manufacturing scale we lack at present, that said there are so many variables to capturing market share that anything could happen between now and then, BMW, Mercedes and general motors are not exactly small beer
Sgreen, you are right but DENSO(fotonation) also have collaboration with Fujitsu cloud services, irrespective of how good or reliable their product is their manufacturing scale and size are not to be sniffed at, the only separator imo would be sensitivity/specificity of detection algorithms that would only come from real world testing people would pay more for a system with say sens/spec closer to 100/100(highly unrealistic I know) in order to reduce their insurance but also not call out fatigue more often than not so as to keep their fleet on the road more of the time that's where reputations are built as opposed to just copying a technology
SEE as a mature proven technology has only just started to scratch surface on real time monitoring of moving vehicles, its technology will extend from cars and vehicles into all industrial realms that involve dangerous machinery or risk to life, as a company they are aware of their potential and they are no one trick pony, I really wish I had more to invest because this is a no brainer one I would never risk missing its stratospheric rise for on a short term trading opportunity
https://thetechnicalprogress.com/2018/05/eye-tracking-systems-market-rising-demand-with-key-players-tobii-ab-sweden-sr-research-ltd-canada-seeing-machines/ Nice graphs giving scope of eye tracking in general, the actual report is $3500!
Don't forget that fully autonomous software is extra, with Tesla charging $6000 to add it as a feature, extra cost aside even if it becomes faultless the infrastructure, all cars communicating with central mainframe ultrafast mobile networks etc, changes across the whole economy will take a generation to wash through across the globe in other words safer human driving will be a requirement for a while yet until that day comes
None of that will stop DMS as a phenomena in the commercial automotive, rail or air sectors (hopefully unexplored maritime), the revenue streams from those alone will make SEE a force in industry, the simulator aspect of air is interesting because it has potential to improve maybe shorten training for complex tasks like flying by identifying where a pilot is actually looking(therefore thinking) in moments of stress I'm not sure who players in security are but its not a leap to predict other types of behaviour for public order or security at airports surveilance
Alex, you're right about privacy aspect but emergency braking and lane departure warning are enhanced by DMS especially collision avoidance, for example dropping a phone and reaching to pick it up, with one hand still on the wheel!, while on a highway the recent uber accident another simple example what I imagine will happen is testing for combinations to see which is most effective and then an evidence based recommendation I imagine that commercial vehicles will have more rigorous requirements and privacy there won't be such an issue
The RNs on 12 march put projected profits at $36.4Australian dollers through to new financial year 30/6, that has now been revised down so they had to mention it, its tantalising to sender if they hadn't projected it at that time would it have made a difference, or more likely that the supply chain issues happened between then and now and so is likely out of SEE's hands
Its all very emotional on here of late, AIM shares are generally donkey companies but every once in a while a diamond glitters, if this was an american company listed on NASDAQ it would be worth a few billion but given how low a profile AIM and Australia is in scheme of things I think people need to chill and give it time, I'd take negative views more seriously if they were more grounded in fundamentals and facts but they are not, as ever you need to dyor
https://www.seeingmachines.com/investors/aim-investor-information/ Almost 35% institutional investors, if people stand firm then we should have no problems rejecting offers not reflective of true value, but its not all plain sailing yet
The vast majority of shares are held by private investors with a substantial minority being held by institutional investors, even if a lot of people wanted to hold out it could go for peanuts if put to a vote and people settle for a quick return its still too early to start counting chickens
PM44, that may have been true just before the brexit vote, but unless the Tories pull a rabbit out of their arses and get a good deal with the EU (largest trading block in world with 13 trillion gdp, 40% of our exports), then its no longer an estimate of anything, its reality, if SEE pops which it will, its price will adjust accordingly no matter who buys it