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Agree entirely with you guys .Results due soon will hopefully confirm that FY met expectations (@ least) & that FY20 is expected to show substantial progress & hopefully more contracts will be announced beforehand.We need tangible evidence of progress & a very positive outlook statement based on pragmatic expectations .Looking forward to the aviation announcement which Paul would surely not have promised unless it really was imminent
It all goes back to KK's repeatedly stating OEM's wouldn't stand for one provider dominating the market. Which is all well and good if you've more than one provider. Otherwise, it falls flat on its face. Now, somehow I don't believe either OEM's or the Tier 1's or the provider are so stupid to not realise who is the only provider who can meet the OEM's needs and to carry on with this charade fools no one who has very limited knowledge of the market. It's about time SEE recognised that private investors know this and issue the news reflecting the facts, not as it sees the OEM's want. The recent RNS denial of what is obviously a SEE Volvo contract win brings this starkly to every one's attention and shows the lack of intelligence both SEE and Volvo attribute to investors in both companies. Wake up SEE and Volvo!
JC
Indeed, and allowing for dilution at the height of SP, SEE would be about 10p. It all depends on whether Fleet is fixed which it appears to be. Admittedly, a big negative, but even assuming it bubbled over, and positive news since, SEE should be some way North of where it is (look at SEYE, roughly the same value but nowhere near the potential) and where SEE could (could) be once the news starts flowing.
Indeed but even with the very measured language we got to 14p with the wind at our backs. It was imo only when we were torpedoed by Fleet revenue news that we sunk.
SEE together with a T1 win a contract with am OEM. The oem has to agree the overall package with the T1 and once signed with the T1 then SEE can tell the market.
The issue is how SEE communicate this news to the market. Its been underplayed possibly intentionally as the only reference point we have is Smarteye who completely oversell their wins. There has to be a reasonable happy medium.
We are a long way from finding this happy medium, perhaps the next few RNSs will tell us if SEE have learnt how to provide proper market news that shows this company is a very good bet with outstanding potential which, went through a rocky patch but is one of the most under-the-radar known unknowns...
With all the talk of who is testing our system/chip, and people expecting that we have won many of them . Is there a possibility of a NDA in place and SEE already knowing that some of these are won but nothing is signed as the OEM’s want to keep as much secret as long as possible to get a jump on rivals?
S2020
Too true, enough of the being sensitive about OEM /Tier 1 sensivities, SEE has its shareholders to think of and where else are OEM /Tier 1's going to go, SEE is in the box seat. Now, Paul McGlone, is the time to think about those who have bankrolled this enterprise.
Sandy, I couldn't agree more, no point winning a contract if they cant communicate it properly to the market, Ken didn't understand that at all. We should be 20p+ now if they knew how to write an RNS
FCA is a prime example, I'm sure Nick and the team worked their nuts off to win that from under the nose of SEYE and we got no SP rise, why? Because the RNS read like it had been written by a novice, the contract value was laughable.
Paul did a decent video which hinted at market sensitive news
- monetise IP
- Aviation soon
- 5 live auto RFQ
The market needs factual news via an RNS , not news hinted via video
We need delivery now no more dreamers
This morning, in an effort to find the answer to a question, I was searching for a past video interview with Ken Kroeger - but failed to find it. However, one of the many Proactive Investor videos I did stumble across (see link below) dated back to 28th November 2014, and it may go some way to explaining why, after all these years, our share price is still at these levels.
In the last question posed by the interviewer, Mr Kroeger is asked, "What will it take to trigger a movement in the share price?"
Mr. Kroeger's response is telling. He replies, without missing a beat, "You'll have to ask the investors that because that's out of our control."
So with Mr. Kroeger's response in mind, as our share price drifted from 14p down to sub 3p, who was best placed to counter that collapse, Mr. Kroeger or you and me?
Now, bear with me as I direct you towards AIM Rules regarding Disclosure of Price Sensitive Information, one of which states companies should comment on any change in Expectation of Performance.
Now think about Super Cruise being expanded into more Cadillac models. What about General Motors' intention to then roll Super Cruise out across their whole vehicle range? Could that extra business affect our Expectation of Performance? Also, given the combined effects of the impending EU regulations and the looming Euro Ncap requirements, would there not be a high probability that any of the other manufacturers we've already signed up may well do the same as GM? All of the above have the potential to make a significant change in our Expectation of Performance, and any such change is something which should be communicated to The Market in a timely manner. But what did we get? Secondhand news via the internet.
Mr. Kroeger's statement made way back in 2014 is testament to his lack of understanding as to how the AIM game is played. Given our potential, there are CEOs out there who could have our share price orbiting the moon (Mike McAuliffe?) Just look at us: the names we've already signed up; the legislation heading our way; our world leading technology; and we have a share price similar to a one-shot junior oily who's just drilled a dry hole!
However (now, calm down dear), all that is now in the past. So that next RNS, Mr Paul McGlone, could it please arrive tooled up with everything it needs to start dragging us back up that price curve? And could it also be penned by a best-selling thriller writer whose brief is to tell our story with a bit more gusto and reveal the true potential of this company? And please do not - DO NOT - allow the office bloody junior (or anyone else who had 'a go' at penning our previous news releases) anywhere near the RNS stationery cupboard ever again!
Good fortune to all,
(a bit grumpy today) Sandy
https://www.youtube.com/watch?v=4kAZyW5FUJA