Member Info for 42trader

BT, you right i did not mention the placing. The placing was caused by the bank loan covenant being stressed which was mentioned.
As for getting off on this shambles, I don't. I have lost money in the past, (probably more than anyone here).
What I don't like is people ramping a share day in day out quite clearly for their own benefit.
The only good thing here will be some people will have learned something.
The bod were responsible and should be held accountable but each investor makes their own chose to buy or not.
Man up and stop blaming others for your own decisions.

Please stop blaming others. I posted all the concerns which turned out to be all true. You chose to ignore and ramped the hell out of the share accusing me and others of scare mongering.
The fact is, there was very little being shorted (less than 0.5%). I wonder how many you convinced to buy? Please, go hang you head in shame.

Good update with revenues (89m) ahead of forecast (84.4m) and profit margins in line with forecast.

Another excellent results. The company continues to grow.
Profits up.
Cash up.
Debt down.
Date for dividend.

https://youtu.be/n8YbBfQBKkQ

FY19 trading in line with expectations with growth in revenue and EBITDA through both new opportunities and the growth in SaaS revenue. Management reports increased interest in the newer, more unique and higher margin products in the Tetis and Kylos range.

In terms of strategic projects: Bosch has achieved the DO 160 certification for air cargo tracking for its branded variant of Starcom's Kylos Air product. The collaboration agreement between the two companies was announced in September 2017. Cubemonk has commenced roll-out of Kylos Air; the first batch of Kylos Forever units have been delivered to Israel Chemicals Ltd; WIMC continues to take Tetis for its cargo insurer customers - c. 2,500 units are expected to be delivered by the end of this year; ZERO is embedding Starcom's tracking and power usage monitoring technology into its new SR/F motorbike.

Initial orders have been received for Lokies, Starcom's innovative new keyless padlock that was launched in April. This has the potential to substantially increase Starcom's addressable market.

No change to forecasts.

Allenby Capital comment: Positive start to FY19 with progress on multiple fronts. Assuming revenue growth from new and existing customers for the higher margin products and ongoing cost control should see Starcom move into
sustainable EBITDA profit in FY19.

I think you may have bought back in at just the right time.

BT, yes they do have £150m loan, but as said before, it was at the stress level for the covenant. This is a safety mechanism for the banks. So the equity raise is now needed or the banks pull the plug on the loan. I did warn about this but apparently I was scare mongering people. Thinking about it, I did actually warn that the dividend would be cut or got rid off too.

I am sorry that people have lost money here but when 4-5 top investors all warn about selling a share, who do you believe? Them or the shameless people who ramped this share.
I do hope that all the research I posted stopped at least one person from buying here where as, I think a few posters here need to apologies to anyone who got suckered into buying this from reading their posts.
It certainly is not nice loosing money and I know everyone does at some stage. In 30 years of investing I can say I have also had my fair share of losses and in fact I can hold my hands up and say, I lost a house once.
At the end of the day, if you do not gain financially, you should gain in wisdom.

You having a laugh 99treble? Not today it doesn't.

Our underlying net debt, before proceeds of any equity capital raise, estimate is unchanged at £85m, or 3.0x Net Debt/ EBITDA
The dividend cut broadly off-sets the increase in the provision. Our FY 2019 net debt estimate is left unchanged at £85m, or 3.0x Net Debt / EBITDA, pre-any equity raise. That is elevated due to last year’s M&A and this year’s unforeseen exceptional charges. We expect Net Debt / EBITDA would be higher than the covenant on 30th June. However, we expect management to seek and get a waiver from the banks. There is some comfort that the leverage ratio should reduce significantly in FY 2020.’

An equity capital raise of a net £30m should significantly de-risk the financial position
An equity capital raise of a net £30m, would take estimated FY 2019 net debt to £55m, or Net Debt / EBITDA of 1.9x. An equity issue of this size will require shareholder approval and therefore July is now the earliest cash could be received by the company. Assuming year end net debt of £55m and intra-year volatility of £35m, we estimate significant minimum head-room against existing facilities of £120m. The Board also anticipates launching an Open Offer for an additional £7m to enable wider shareholder participation. The take-up of this is not known and we therefore prudently leave it out of our analysis above.

Recovery at PeoplePlus should drive earnings growth and de-leveraging
Given guidance that trading is in line with expectations, we keep earnings estimates unchanged, which includes a sharp recovery in PeoplePlus EBIT from £2.0m in 2019 to £11.5m in 2020. We believe that c. 60% of 2020 sales at PeoplePlus are already contracted. Post a net £30m raise, we assume FY 2020 net debt of £36m, or 0.8x Net debt / EBITDA.

Underlying results are in line with expectations and planned to be published on the 27th June, preventing re-suspension. The HMRC provision has been increased by £7.2m from £7.9m to £15.1m. The dividend is being cut to zero for the final in FY 2018 and onwards, creating a £7.2m cash saving in FY 2019. We leave our earnings estimates unchanged. Our underlying net debt estimate, before proceeds of any equity capital raise, is unchanged at £85m, or 3.0x Net Debt/ EBITDA. An equity offer raising a net £30m should significantly de-risk the financial position. Recovery at PeoplePlus should drive earnings growth and deleveraging. U/R.

Underlying results are in line with expectations and planned to be published
on 27th June, preventing re-suspension Management has announced that results are planned to be announced on the 27th June, pre the suspension deadline of the 30th June. Underlying headlines are expected to be in line with
expectations. This will avoid a re-suspension of shares at the end of June and the significant damage that would have done to the business. There has been mounting industry pressure to improve zerohour contracts (Read here). Staffline fully supports the findings of the Taylor Review and wants to make flexible working as attractive as full time work, but with greater flexibility.

The HMRC provision has been increased by £7.2m to £15.1m, which will be charged as an exceptional in the FY 2018 accounts. The issue relates to a limited number of food production facilities and the payment for preparation time, which is generally the time doing workwear, and relates to the years 2013 to 2018. This comprises £9.9m for remediation and £5.2m for the maximum penalty from HMRC. We expect that this is a prudent estimate and expect only a low variability on the outcome. It is possible that not all of the remediation is paid, if Staffline takes reasonable steps, but cannot locate agency workers, who may have returned to Europe. Our assumption is that all of the
provision is also paid as cash in FY 2019.

The dividend is being cut to zero for the final in FY 2018 and onwards, creating a £7.2m cash saving in FY 2019
The dividend is being cut to zero for the final in FY 2018 and onwards. This results in a £7.2m cash saving in FY2019. We had already assumed that the FY 2020 dividend would be cut.

We leave our earnings estimates unchanged
Management reiterates its guidance of EBIT for 2019 in the range of £23m to £28m, and we maintain our estimate of £25.2m. We see no need to change our interest estimate, given that our net debt estimate is unchanged (see below). We do not reduce our estimates yet to reflect the dilution (or anything else) as a result of the equity raise since we do not know the price.

Good results showing the company has turned a corner at last.
Broken out of downward trend channel.
Dividend and a special dividend worth approx. 5% on 26/06/19.
Can see this steadily climbing in the coming weeks with possible up to 50% increase from current price.

Can't see any tips anywhere. Possible something leaked?

Hi, shallwe.
Been watching for a few months and read most of the posts, but generally reading of posts on lse is my last port of researching.
2022 is the forecast of profit though I dare say it will likely be put back.
There will likely be a lot more ups and downs along the way and it is high risk, but potentially high reward.

atb

We believe that the adoption of interior facing cameras (for driver monitoring with software such as that provided by Seeing Machines) will be steeper than forward facing cameras and Automatic Emergency Braking. This is due to clear and rapid onset of regulatory drivers such as the proposed Euro NCAP inclusion of DMS (September 2022) and EC mandate (2023 – where legislation has very recently progressed through the European Parliament’s Internal Market Committee), as well as the added value in safety and user experience that DMS can provide.

Forward facing cameras went from 1% in 2010 to 25% penetration in 2018 and is forecast to reach 90% by 2025 (Source: Semicast research).

Automatic Emergency Braking went from 1% penetration in 2008 to 51% in 2016 and is forecast to reach 90% by 2022 (Source: JATO Dynamics).

Interior facing cameras are forecast to go from 1% in 2019 to 25% penetration in 2023 and reach 90% by 2028.

Hi, I have bought a small holding here today.
Potentially, SEE share price in the future could be massive and buying a small holding now for long term could give returns of 30x in 10 years time.

The broker forecast of 9p is extremely conservative if everything goes as planned.
The negatives and why the sp is so low is basically there is still huge risk and rarely do forecasts go to plan.
There is certainly no guarantee that SEE will succeed as there is obviously other competition.
The forecasts show SEE to still be making a pretty hefty loss for the next 2 years and there is likely to be another placing at some stage.

All in all, very high risk where you could lose all but potentially have fantastic returns.

Guardian BdMS Contact Win

Seeing Machines has announced a A$2.2m contact win to supply its Guardian Backup Driver Monitoring System to a leading North American self-driving car company. The Guardian BdMS products are expected to be installed into a significant portion of the self-driving car company's fleet over the coming months, with an option for follow-on purchases under the agreement.
Comment: This first major contract win for Guardian BdMS is significant for several reasons. Firstly, it demonstrates the scale of the opportunity that is being pursued with this product, and helps underpin our expectation for A$5m in revenues from this product line in FY20. It also confirms the importance of DMS to these technology
developers and that for many more years to come, regulators will expect most vehicles with autonomous technology, apart from some robo taxis in limited geofenced areas, to have camera based Driver Monitoring to ensure the operator is alert when needed.

Your welcome Littlepost. I use research tree which emails me on any news on companies on my watch list.

https://www.brrmedia.co.uk/broadcasts/5d00ea5f221579216107d846/amerisur-resources-operations-update

BUY
Target price 1800p | Published price 1094p | *Corporate Client of Liberum

Frontier yesterday announced their first publishing partnership as part of the outlined strategy to accelerate the game release cycle and substantially grow the repeating revenue base. These deals add strategic, and in the medium-term financial upside, with the indication being there are more to come. Meanwhile Management are at E3 partly to promote Franchise IV, the PC release of Planet Zoo this autumn. It builds on Frontier's extensive experience in management simulation games, and in particular the launch and continued success of Frontier's second and third self-published games
Planet Coaster and Jurassic World Evolution. We retain our £18 Target Price based on the increasing visibility of a rising profit curve to over 70p of EPS by FY22, backed by the potential that further unannounced franchise plans and publishing partnerships, like yesterdays, support medium-term upside to forecasts. Next expected news is an FY19 trading update this month.