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I would have liked other directors buying to support the growth story. PMG & Martin have been active which is postive.
But Lombard odier (M. Brown) have been quiet for some time & Kate Hill not bought either.
Anything to give support to the share price would be greatly appreciated as this has to look undervalued to them surely.
This stock has had more director buys over the last two years than any stock I have ever been involved in. It’s done sweet FA for the SP and will continue to be that way. Brown (Lombard) owns over 15% of the company so wanting him to buy more is ridiculous.
The company keeps delivering. It will continue to do so. In FY26 it will be churning out 10’s of millions in profit, 2 years after that in excess if 100m profit.
If you have done your research you don’t need to want directors to keep buying, and you are delusional if you think it will support the price or otherwise.
Fair point Matml74
So what you are saying is that if any of the directors bought a boat load more shares, then it will make no difference & won’t influence the share price. So if PMG & Martin kept buying you won’t consider that as positive?
I disagree, I want them to keep buying ! Market makers see catalysts in stocks & directors buying is one of them.
Director buys have been (in other companies) a disastrous marker for future promise, so are largely ignored by Mr Market. However the product and CFO buys are the main reasons why I have held, add in McGlones recent buys gives me a lot of backbone to hold. I think the CFO and CEO know this but have bought to make serious money as I they should know what is coming, and their buys are pretty large to date.
The real problem is that the company have been seen to have failed to deliver. On almost every promise they have under-achieved, this is an unpalatable fact for Mr Market. A lot of this was not entirely their fault, Covid, War, ENCAP delays, Manufacturer secrecy, all have played their part as well as good PR played by our main competitor. McGlone failing his own targets was a massive Red flag.
However I don’t want to see any more director buys, I want delivery and so does Mr Market and this week we really saw the first real solid evidence. We need a follow up success in 3 months, but we really need something additional between these dates, something else delivered that will really drag Mr Market wanting to really buy.
OldFool13
That incredible list you refer to of director/institutional buys is like a store of energy. Once our story breaks into the wider investing world, the existence of such a history of insider buys will seem incredulous to average punters. People will point to that list (that reads like a script on How to Spot a Good Un) and wonder how Seeing Machines, its technology and its myriad of global customers remained hidden for so long.
My feeling is that most here have become numb to our volume of insider buys because – not one, not two, not three, but every single one of the FIFTY-NINE (quick run through – first two RNS pages) provoked zero price reaction. So now the unwary write them off as insignificant. This is folly.
What we suffer from today is the investing climate we now find ourselves operating within. There were times – not so many years ago – when mention of a huge customer's name and a couple of insider buys would have sent any AIM share price flying – never mind our endless supply of the things. At some point the worth of our collective management buys will become evident, as people other than our small community point to them and ask why 'investing experts' failed to flag such an obvious winner.
And please, to all here, no matter what your previous views on management, remember, just like us, they have placed their own large bets on the table. Because whereas we PIs can only guess at what's coming; they can see what's coming.
P.S. ...probably why there's so many of them.
Pmg bought 2400 shares. Approx £1000.00. That really installs confidence.
Uh?
RNS APRIL 2024:
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that on 25 April 2024, Paul McGlone CEO purchased a total 200,000 ordinary shares ("Ordinary Shares") in Seeing Machines at a price of 4.07 Pence and a total of 440,000 Ordinary Shares at a price of 4.08 Pence.
Following these purchases, Mr McGlone is now beneficially interested in 9,590,882 Ordinary Shares, representing 0.23 per cent. of the issued share capital of the Company.
Simplicius
what public service do you perform by lying?
Is this the best the bear arg can do? It suggests to me that you have twisted motives.
Please show more self respect.
Sorry my mistake.
How is your 59 Director buys today? Don't mean a lot to Mr Market does it! Mr Market wants proof to back winners, not what exists in SEE's credibility in the last couple of years. I get your point that one day when when then actually really meet their forcasts and the SP starts motoring the existence of such a history of insider buys will seem incredulous to average punters and at that point it will add to the story.
In the meantime Mr Market is not pleased with AIM and particularly companies not prooving themseles.
One day and lets hope its one day real soon.