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Juice
The dilution was roughly 50%. The cost also plans knocked backwards at least a year which feasibly is as big blow but it's all related. Where should it be today, the previous high besides 3 earlier auto RNS was partially fueled by takeover rumours so not a good place to start. I think you need to value, if possible, the various segments, or legs, of the business as it is today and other factors before coming to a fair sp. seeingtom is probably spot on.
This is a key point regarding where the SP 'should' be surely. I can't recall the exact extent of the dilution but do any more well informed posters have an opinion on how the increased number of shares translates to our previous high point pre-dilution? I'm not sure if there's an exact science to such calculations.
Isb don't forget the dilution caused by fund raises in the past. 5p today is equivalent to a double figure price at the time of the Cat announcement.
We have partnered with some of the biggest companies & brands in The World & expected to partner with a few more.At what point do some of these partners ( apart from the wider investment community) decide to quietly pick up just under a disclosable stake in order have some influence in respect all possible outcomes. Just under 3% would cost under $6mill which really is petty cash for many of the "stakeholders" in SEE.Those that see our substantial potential must appreciate how low our MarketCap is for a tech company which could be the dominant player in various transport sectors,apart from the possibilities outside our usual sphere operation.
It's the greed in all of us :)
The share price is holding up incredibly well for Seeing Machines (there, I've said it now). Despite having been here for about a decade I have to confess even I was a little disappointed that we only managed to maintain ~4.6 yesterday. There appears to be strong support every time we have a breather so looking forward to a push through 4.6, 4.9 and 5.5 are my next areas of resistance.
Off topic, it looks like LSE need to sync their server. I keep seeing posts with time code 2 mins into the future.
The sp always going to stutter at around 5p. We had several weeks where this held as support so without news we will struggle to break through. The positives is that we are getting regular rns so I don’t think it will be several weeks to push us through it. Momentum is also on our side and volume is building. Would be good to close near or on our recent high today.
We are up over 50% in 3 weeks & a pause should be welcome as nothing goes up in a straight line & I prefer our increasing SP to be supported by positive news.Results will be in 6 weeks or less & our brokers ,analysts & investors will then be looking for FY21guidance ,which will hopefully exceed expectations based on the first 4 months ,pragmatic Fleet projections & achievable Auto revenue .Plenty of time before Results for contract news containing details of values.
If we could achieve a further 50%+ increase ahead of Results we will be North of 7p-which be fantastic news-although all assumes no major global second lockdown ,which is a risk .
Isb
That’s not a bad reason to want to be rich lol.
Like many of us longtermers 5/6yrs+ we have been patient but we are getting closer now Iam sure.
If not bought out before the SP in my eyes was always going to explode once cars started hitting the tarmac.
The only way it’s going to climb nicely is with news with some $$$ attached every time. Markets want see the commercial viability in $ terms.
Iam sure we just starting this but might have to wait a tad longer for the big bucks still.
Terrym - I don’t want anymore top up opportunities, I just want the SP to rise quickly so I can retire and enjoy life :)
Isb
Prob few reasons why not double figures yet.
1. No Rns with some juicy $$$ in about tie ups
2. Drag on from that no funding needed. A $10m upfront payment on license would sort that.
3. Not naming officially the vehicles we in like Mustangs, mercs, F 150s etc
4. Delays to launches & SOPs
The good thing is one big license RNS with $$$$ in will sort 1 & 2 straight away.
We know should be over 10p already so look at it as a top up opportunity, but we know what’s coming....
Don’t want to be picky but surely it’s a 200% increase in the last 6 months - circa 1.5p to 4.5p
Also just to play devils advocate it’s also a 16% drop since 10th Jan when we first announced Qualcomm
Don’t get me wrong it’s nice that it’s going back up but I won’t be happy until it’s double fingers and quite frankly with all the good news recently I can’t understand why it isn’t.
The CAT deal has been mentioned today and I always think back to around that time when the SP got to around 9p - we had nothing in auto, aviation and fleet was still in its infancy - However with some major global customers now on board and legislation forcing this into all road vehicles the only reason I can come up with as to why we are still at 4.6p is because AIM is quite frankly corrupt.
And for this reason I don’t think I’ll ever believe this can get to 20, 30, 40p etc. until it actually happens. I often think even when we announce major deals or huge revenue growth and profitability somehow AIM will manipulate the SP
So I don’t like red days either, especially when it was looking like a 3%+ day.
Of course it wouldn’t frustrate me as much if the SP was above 10p :)
General market moves today Shrey. Nothing untoward. Fairly positive for SEE today. Ended down *slightly* but was strong before the market took a dip off of no stimulus from Fed and BoE.
Jebus shrey, can tell youve been invested for about 4 minutes! This might not be the share for you if you arnt a fan of the red :)
Stop worrying, the SP has gone up +300% in last 6 months, & +50% in the last few weeks.
It’s down 0.5% today, hardly a huge fall. It’s marathon not a sprint!
I'm getting a bit greedy here I feel; was disappointed to see the SP reverse into negative territory. Were there any reasons for this? Anyways, tomorrow hopefully should be green!