Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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A lot has happened since then & we’ve had our doubters but you have to say SEE is in good health & just needs to keep to their promise of break even !
If we can manage that we will be seen as a powerhouse & licence machine similar to ARM in its early days.
We also have an aviation contract to win as Collins will be issuing a statement soon on the blue label product ! We have a blue label coming this month according to PMG & Martin Ive🙏
Won’t be long till we are back at 11p, could happen by September if we keep on track & produce the numbers expected by the analysts.
As soon as it is, we will sell. No messing around this time. I have no doubt it will rise higher than that but we need the money.
Seize
Hopefully next 4 months on a upward trend. We could really do with
1. 1 or 2 bits news every month as we know this always drifts down not up :(
2. Good TPIs in August to end of June
3. Good results announced in August upto end June
4. Positive forward forecast in Aug for FY25
5. Some Aviation and Fleet wins/news etc
Us long term holders really deserve this to fly one day but be over 10p by August as a starter....
Good list Terry,
However I noticed that you forgot all about the 1.6 billion or so of RFQs which have just slipped off everyone's radars. What is going on with all of these potential RFQs ?
A few biggies from Toyota, Mazda, Subaru, Hyundai or whoever...... that would set the share price rising properly.
Patience chaps, as ever. GLA.
I find we are getting better press recently, and people’s opinions here’re are more positive.
I’m expecting a big change over the next 6 months, the KPI ´d in August should raise awareness and if in 400-500k cars this quarter it’s certainly going to be a game changer and show what will be the norm over the following years. 100% yearly growth will be amazing and not many companies can achieve that.
Plus all the things Terry has mentioned.
Nice to have some good news in the last 2 weeks with the contract extension (all bit it small over the period stated) and the good increase in auto kpi's.
However surprise surprise all it has done to the SP is get it back to where it was before the market dropped it down to 4p during the last part of March and April.
I must admit the progression in the business has always been there which is why I have always continued to hold, but I was just really peeved off with all the bullish statements made that haven't happened, such as the 2bn RFQ's, 3-4 mirror rfq's, six figure fleet rfq's etc... - I wouldn't be annoyed at all if PM hadn't said those things because there has been regular progression with contracts and KPI's, just not to the scale that was implied.
As long as they do hit cash breakeven during FY2025 and with the ramp up of VW and BMW I can't see how the SP can stay at these levels, but the market is not logical so until that SP is back to those 12p levels I still won't be completely happy.
I thought the proactive interview was better with no wild claims on RFQ's etc (I suppose I'm just going to have to accept things have dramatically changed after PM stated those things or they were white lies to try and gain momentum in the SP). The only extra thing he did imply was a step change in Fleet in 6 months time when selling into the Northern hemisphere after focus on Europe - you see to me a step change is something significant again, not just adding 10k units to fleet every year, so I will be adding that to the list.
I just wish we could get something that could blow the bloody doors off like another Magna VW contract - I can't understand why that hasn't happened yet. It should also stop this annoying drop in SP between news because part of me things that all that is going to happen now is the SP will be walked down again and then the kpi's in August will just move it back to 5.5-6p again.
Understood. But factor in DMS is at last having some traction and more people are discovering what it's all about. Like most I was too early, but the past is no guide to the future in my view. Stay positive.
My guess is that other oems will wait to see what score ncap gives the mirror based vw cars when they are assessed. Occupant and Driver scores are broken down in that section. Some of the smarteye ones haven't got full scores as far as I can interprete and the steering wheel barely 2024 compliant ones don't score well so 5 stars.wont be gotten by anything that's not camera based. I think i saw a CB linkedin post that suggests that other oems are waiting on the ncap score magna mirror gets and then award accordingly. Mirror should be quick integration vs other led/camera positions so maybe some bases have been covered by contingency hence delays on awards. Make what you will on CBs take - he clearly knows people in the space that will talk off record and gets most calls right.
To add my penny worth. I don’t think we can compare the 2022 share price as that was early in the rapid rise in interest rates amid high inflation. Monies poured out of equities (especially AIM) and into bonds. Hopefully we will start to see some rate cuts and settle back into the 4% range. Once the first cut or two is made funds will flow back into equities , IMHO, and this should coincide with cash break even. I am very confident the share price will see positive step changes beyond the 11p.
And so I am buying more buoyed by the KPIs and latest interview. DYOR - GLA