Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Firstly apologies to anybody who read intentions of P&D in my original post. I now realise that TFIF's vino slackened my awareness that such a emotive term, used in a post title, would be seen as an accusation rather than the drunken Gedankes experiment it was considering the shift to TRAK from STAR. Including the share price cosilidation effect.
First bought at 2.72p in 2018. Never sold a share.
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He also said "the Company is in advanced stage discussions for a number of potentially substantial projects concerning the supply of Starcom's various devices for the tracking and monitoring of containers and related items"
Now, that sounds a mouth watering prospect to me, but each to their own and it's up to everyone to decide for themselves how transformational the recent news is likely to be in relation to the future Revenue and Profits growth for this company
With sea ports snarled and companies scrambling to get space on super-sized container ships, air freight has become an attractive option for companies to get the goods.The sector is booming as a result, with prices two-and-a-half times higher than pre-pandemic levels. “Flying it in” has tangible advantages: air freight is far quicker than going by ocean, with just five days needed typically to get goods from the workshops of east Asia into key markets in the US and Europe. It’s also typically safer, with goods less likely to be broken than during sometimes-perilous ocean voyages.
However, it comes with a price tag, air freight is usually four to five times more expensive than road transport, and up to 16 times more than sea.The pandemic has forced a rethink. Freight prices have increased roughly eightfold in a year, as coagulation across global shipping lanes fed by logistics issues and frequent shutdowns in China chokes supply. Air freight has risen, but not as quickly, making it an increasingly tempting option.
Pre-Christmas pressures are helping to sharpen the minds, and open the wallets, of purchasing managers and chief financial officers. For many companies, a two-week delay waiting for a product during the peak sales season could be disastrous.The sector’s strength has not gone unnoticed. Carriers’ cargo revenues have risen from about 10pc to 15pc of their total to about a third and they want to ensure they keep a slice of the pie once passenger numbers recover.Shipping companies are also watching closely.
Earlier this month, industry leader Maersk announced it was looking to build air freight capacity as part of efforts to make its supply chain offering more resilient.
It’s not alone in realising the potential. Several other shipping advisory companies and data providers have recently expanded their product offering to ensure they cater for ocean and air, as companies become more flexible in their demands.The key to future growth is likely to be e-commerce. The sector has boomed during the pandemic, with consumers across the West becoming more used to products arriving within days of being ordered and Maersk expects growth of 4pc per year in the sector in the coming years.
There's plenty of activity at the moment which is creating multiple opportunities. Starcom have some of the best track and trace secure products currently available on the market. Avi recently said if they were successful in converting their current leads then it would secure "significant revenues over the next few years, including SaaS revenues".
Great comment blade runner, eloquent and factual
May I say well said blade runner.The news & the structure of the company are good.Over the last few years I mist out on a few good companie mainly being Dev and AFC , I was put off by posters, but my research told me otherwise I listened to the posters and sold Dev I sold at 1 now it's worth 30 something last time I looked and AFC I sold at 3 last time I looked it was around 50.So basically when you find a good company do your own research make your own decisions. All I'm going to do is once it's trebled, which I really think this will ,,is take my initial stake and a tiny bit more 35% (so you have your money back plus a bit of profit) and hold the rest.Please do your own research
Beautifully said.
Pump and dump suggests a coordinated ramping of a worthless company. Following this, those who promoted the company sell at a gain. As they offload the share price slumps. I think you belong on a different board.
This share has recently risen from a very low value. Why?
Initially the company has suggested there are potentially large contracts, close to being signed. Secondly, when the sp was below 1p they were able to convince institutional investors to add funds for exchange of shares at 25% above market price (this is what sold the company to me - if someone is prepared to part with £450k at a premium then I am wasting my time researching facts for a £5k punt). Thirdly, there is a global, not national, problem with freight distribution. Fourth, the company has diversified to include hygrometers as well as gps trackers as used by that small company, Pepsi cola. Fifth reason is the recognition from winning a prestigious competition hosted by a multi billion dollar company, dhl. Sixth and most important to me is that the directors are heavily invested.
Please don’t try to devalue this excellent company with cheap comments like ‘pump and dump’.
It was inevitable that comments like this would be posted once the sp started heading towards a more realistic value. For those new to this company, don’t listen to my comments or others, do your own research, like I did, and invest with confidence.
Eh? We've had good steady rises for a month following great news and expectations of major orders. No selling from me given what's to come, waited too long.
With avarice so en vogue at the moment Hmmm.
Monday will hopefully start a fresh week of price discovery.
Havent sold a share.
Good luck to you all, its been a lesson in patient investing and holding true in a company, its products, owners and the future.
Looking forward to “The answer to everything IoT,” T42 IoT; respect to the geekiness in the name.
And lets hope one of those contracts is a big step into the mulit-multi Billion pound shipping and insurance market. (cough DHL)
So to all those 0.70 of a penny crew, here is to the transformational next two years.
Beat me to it, now what does that ticker say we do!
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It's been stressful, arguments a plenty and looooonnngg waits. Hello t42 iot solutions, what a starting point for the new branding and news flow to come!
"Board is hopeful to conclude one or more contracts before the end of this year." Ref https://www.lse.co.uk/rns/STAR/trading-update-teishv14etdro8a.html
"This has led to the initiation of a trial of Lokies by DHL in one of its main global hubs in Singapore to examine all aspects of the product, both technical and commercial, with a view to DHL potentially trialing the Lokies smart padlock with some of its customers" ref: https://www.lse.co.uk/rns/STAR/lokies-trial-with-dhl-l26h89s763lh1kb.html
"signed an agreement with the manufacturing contractor Nistec to manufacture thousands of soils sensors to be deployed across about 5 million dunams throughout the world." Ref:
https://www.nistec.com/nistec-will-manufacture-thousands-of-soil-sensors-for-cropx-to-be-deployed-across-5-million-dunams-of-crop-fields-throughout-the-world/ - this equates to 1.2mln acres and will produce approx $720k per year annually
"This conditional agreement sets purchase targets for the distributor and supply targets for the Company and, whilst there are no binding purchase commitments, the Company is targeting the delivery of up to $2 million worth of Lokies in 2020." Ref https://www.londonstockexchange.com/news-article/STAR/trading-update/14407128 clearly COVID halted that but it's still active
None of the above are ramps, the company is still priced to fail @ £9mln mcap. If/when all this cone to fruition, I think a more reasonable mcap will be £25mln+ for a highly profitable, sustainable and growing business
just bought in this morning, looks very positive here. Does anyone know if there is a Telegram group?
Come on mm's make a market FFS
16p!!??? So you think the sp will drop!!!???? Divide the sp 8 = 16/2 = 2p. Think you may need to rethink that as we're already 20% above that
Think of it like this (or at least how I do), Polaris? CropX, Cend ( Old CubeMonk) are extras to the core business - let that sink in.
Then, we have "at least" ONE substantial contract in shipping containers before the end of the year.
Lokies is in addition
My personal feeling has always been, A DHL was next year.
But all this talk of contracts etc has a more important knock on effect. they will turn a business that's made a loss YoY since it's inception (and priced for that), into a profitable business. That is the goal of any business on aim.
Agreed, as soon as the herd get a whiff this is going mental.
…….but it’s going to be worth it. Looking very interesting and loads to come in my view. GLA
So we have , Polaris? CropX, Cend ( Old CubeMonk)? , Russian Lokies? , and DHL? To name a few which could ALL land us SUBSTANTIAL CONTRACTS!
Genuinely believe that any with an average sub 1 could 10 bag here.
If an rns is released during the closed period (for current holders) next week, you'll only have the mm's float available and lots of buys. I do see it as a possibility too
Can’t buy anything. This is squeezing much higher
One of the biggest winners on AIM over the past few months, although it still seems off people's radar!
Could lead to a serious re-rate (even from these levels) on a decent RNS