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CFP: I'd be interested to see which of my posts from April/May you read. I can't find any that say what you claim I said-maybe you looked at someone else's posts. I also wasn't rude to you so I don't understand why you have to be rude to me?
S7: Also someone who seems to read something that is not there. I welcome you to stay invested, I don't want anyone selling, but if you are waiting for 10p , that will take a few years according to your reckoning .
Klick. Positive for the long run. Negative for the recent share option targets.
Buy out before we hit so those targets.
Yes... something changed. The share options and target prices!
Feel free to filter. Easy as pie.
S7 - if you're negative, that indicated you see no progress from here and indeed see the company failing.
Waiting for 10p is one of the stupidest decisions you'll every make. On the other hand, stating that you'll wait for 10p indicates you have hope the company will progress to achieve your exit price.
So are you positive or negative on the companies prospects?
Yes I noted that Redindi . L7 actually posted an article rather than an opinion:) Glad to see he's back to himself again now.
I hate to disappoint you but until a few weeks back, there were a number who detected a hint of optimism. Glad to see you've recovered your usual equilibrium!
Dr77..... Another one telling me I should sell.
Again. I'm not selling below 10p. Who are you to give me ultimatum? Sell up or shut up!? Bugger off. I'll say what I like, don't like it. Simple fix - filter.or don't read. Jesus.
I've been consistently negative since the fleet deceit
DR77...apart from the fact that you are mixing up my posts with s7 this is quite an ironic post from you.
I mean anyone looking back at your posts from around april and may will soon discover that you were accusing the bod of all sorts of illegal actions, stating they were incompetant and with all the free shares only in it for themselves.
But hey presto.....6 months later and you are the BOD's biggest fan!
What could have happened there:)
Dont bother answering...we know, we know....you were going through the change!
S7 and CFP, you have made your position quite clear on this board. As I see it you have a couple of choices.
a) If you feel you can earn more than 25% compound interest on your money elsewhere, then sell up and invest there.
b) As you are certain as to SEE's sp and where it will be and where it is going: trade it.
I take it you will be voting against the remuneration package via proxy vote at the AGM. If you feel you have a lot of support here, why don't you do an anonymous poll (like Klick) and see how many shareholders share your views. As the board follow this BB- they will be fully aware of your take on the matter but at present it is still a minority.
I don't understand how you think a small ( at present) Australian AIM listed company can manipulate the sp. If/when the next large contract is announced , will the sp get to 6.1 and then magically stop? And not increase with the next contract until a year later when again it will stop at the magic number.
BTW, I was at the CMD and brought up the issue with PM and KH and received answers that satisfied me. Maybe you should have come and also asked directly instead of just going on about it. You have made your point clearly, so please change the record. Thank you
I'm hoping SEE's share awards are at that level purely to ensure they retain key staff members for the medium term rather than a direct bearing on where they think the company will be in the future.
Are these options company based or open market?
I'd love some such options myself rather than tying up 50k odd.
I agree schlemiel, however all the talk about how we are excellently positioned to be the largest DMS player, all the RFQs, advanced IP licensing talks etc doesn't tally with such targets.
I think they've got one eye on the possibility of a takeover which may explain why they've loaded up on options. Consolidation across this dynamic industry will be the name of the game and SEE is in possession of some properly blue-chip DMS contracts that other companies would be envious of.
I'd liked to have seen a sliding scale where renumeration is directly related to the share price, i.e the higher the share price the higher the award.
Giving away the millions of shares for a mere 30% rise is pitiful imo but i suppose at least it is somewhat target orientated.
The whole ADAS (especially driver and occupant monitoring and other associated in-cab tech) market is primed now that mandatory is on the horizon. That creates a whole new dynamic as automakers rush to secure this technology. It's a fluid market and SEE is right at the centre of it. I see it as a matter of time before SEE enjoys a re-rating and we have politicians to thank for that, which is something I take little pleasure from doing as I despise politicians but regulatory demands will change the market dynamic for SEE and for that we can all be thankful. Amen
In any company I have worked at, turnover and SP targets have always been challenging and sometimes outright unachievable. Very rarely have they been met.
Who knows what was behind these targets but just because they are there doesn’t mean we will necessarily hit them, we may fall short or we may completely obliterate them. Only time will tell.
And like coldfishpie has said unfortunately we are likely to be here a lot longer than most of us were hoping for to find out.
I for one was expecting this year to be a lot better giving the amount of RFQ’s that were supposed to be confirmed.
Let’s hope 2020 is different and not more delays and carrot dangling of contracts because as I said about 5 weeks ago I don’t expect any major news before the end of this year.
Now I’ve said that a stonking RNS will land tomorrow you watch.... :)
We are told on a regular basis that SEE does not withhold news but you are saying it does which would be market manipulation and would be illegal. Although how it could hold back a mass market penetration RNS worth $200+ until 2024 when the vehicles are on the road a good year before then is hard to see and again i think Nick wouldn't be too happy.
These SP targets are there purely for show, once the RFQ's are sorted, not only just in Auto, an independent SEE will have a limited shelf life.
Thanks to Klick for his anonymous spreadsheet & interesting to see our average holdings at around 1.65mill ,probably costing ,on average, £80-£90k -staggeringly high for PIs who may usually be expected to invest much more modest amounts.I am sure there still many who havent posted their holdings ( & I know other holders who I dont believe look into this Board).We may therefore hold around 10% of total issued shares & 20% of the free float-an amazing % & it would be good for PM & The Board to know these figures-not to enable us to influence him in any way other than to ensure that SEE communicates as effectively as possible with shareholders & that the CMD is repeated regularly-say annually.In fairness to PM he has only been in situ for a few months & his rhetoric is very positive & he has already affected major change- he now has to deliver on expectation.His only slip up so far has been to be over optimistic regarding the impending Aviation licensing deal but all will be forgiven if it is revealed in the next month or two.We should not begrudge him his free shares as he needs to be incentivised to achieve the great success which we have all invested for.I would like to see him have some of his own skin in the game & I dot understand why he doesnt ,on the assumption that he could afford to .Our expanded Board & senior management team will hopefully remain stable over this commercialisation stage of our development .Moost of us would be in substantial profit when our SP hits 14p( & delighted)- the challenge being to retain our holdings if we all believe there is more to come.One positive & material RNS will see us leave our current very narrow trading range behind & lets hope it comes soonest !
I never said it's illegal practice. The targets are a barrier to a good SP rise. That's a market thing not a PM thing. They are not holding news back as such, perhaps just not in any rush to release it. No pressure on customers to forgoe the NDA for example.
Not sure why he would want the price to go ballistic again. Perhaps someone could explain why a SP of 15p now helps PM.
I wish they'd manipulate the price upwards!
S7, you ok?
Your comment that PM targets determine SP rank alongside your "Tendering only for profitable work is silly." comment from yesterday...
I cant remember which interview it was but it was soon after pm became ceo and he looked clearly frustrated and perplexed at the share price. I dont believe they are holding back anything to manipulate the price.
So youre saying it’s price manipulation? By whom? Isnt that against the law? I guess we will see if your theory is correct in the coming months.
I suggest you contact the authorities as you have uncovered Paul McGlone's dastardly plan to hold the price down, for reasons only known to Paul, to only the SP required to collect his free shares.
Obviously, Nick is in agreement with this plan and is quite happy to restrict the gains on the shares he paid for with his own money, again for reasons only known to Nick, who no doubt is now working out how to hold back the news for another 3 months /years. All to ensure the SP doesn't rise much above 6.2p before next June.
What with all these conspiracies to plan and manage I'll be surprised SEE win any new business.