Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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 24 October 2023, Paul McGlone CEO purchased a total 100,000 ordinary shares ("Ordinary Shares") in Seeing Machines at a price of 5 Pence and a total of 50,000 Ordinary Shares at a price of 5.04 Pence.
Following these purchase, Mr McGlone is now beneficially interested in 8,450,000 Ordinary Shares, representing 0.20 per cent. of the issued share capital of the Company.
2 follow up questions:
Why digitise Guardian service if expected CAGR is only 30% pa? Ditto why invest so heavily in developing G3 if you only expect CAGR to stay unchanged at 30%? i.e. these guys are expecting much more - imo
No advice intended, of course, this is a stinker of a bear market [AIM]
I find the directors' buys interesting. I don't buy on the basis of a Director buying shares but a few features here stick out.
Firstly, the Directors have bought decent amounts i.e. approx 20m shares at say close to 6.5p average? Secondly, 3 Directors have bought and over a lengthy period of time - about a year - more significant than if it were just one Director buying. Third, two of the Directors: Hill & Ive have serious financial backgrounds & presumably know how to value assets. Fourth, the Directors have bought despite being fully aware just how destructive current stock markets have been to tech small cap cos share prices. The Directors are obviously keen! They must also think significant value is about to be added - or else why buy now, in this bear Aim market?
My hunch is that the forecasts of 30% CAGR to FY26 is a low ball target that they think they can beat in compelling manner. Why? imo, prospects for G2 & G3 & the digitisation of Guardian service over these next months are causing the Directors' excitement. We'll see
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 19 October 2023, Marrach Super Pty Limited, a person closely associated with Martin Ive, Chief Financial Officer, purchased a total of 230,000 ordinary shares ("Ordinary Shares") in Seeing Machines at a price of 5.15 pence per Ordinary Share.
Following these purchases, Mr Ive is now beneficially interested in 7,533,556 Ordinary Shares, representing 0.18 per cent. of the issued share capital of the Company.
McGlone buys 200,000 shares - now has 8.3m
Why are the Directors buying? They must have read whacker, Baxter etc
KBW
Ive has been there less than a year. So how are we saying this for years?
I can't believe you are so misinformed about SEE since you post often about them. What's going on, dear chap?
Ive adds a further 100k, now has over 7.3m shares
Ive added 250,000 shares. Read the RNS to the end.
Now has over 7m shares. He, PM & Hill now have getting on for 20m shares purchased [or options exercised] at above current SP.
Why?
Read Baxter, whacker & co - no answer there. May be the reason has already been divulged - but few are paying attention?
Thank you for the link. Very informative and interesting interview.
Substantive issue. Human factors R & D must be a key differentiator. Perhaps the tech is not heading for commodification so quickly.
Difficult to assess SmartEye's strategy. 3 CFOs in the last year suggests some issues there. Concentration of share ownership in Dad & son militates against proper equity funding perhaps. Underfunding is like walking the plank ... or you invent a "strategy" of cap lite and make up a view of the market to fit. Insufficiently developed tech can't be the right approach though.
Cipia / China looks far more interesting as a player here.
Looking for clarity, I veer towards the most premium tech. The sort of player that can offer something to the best customers out there e.g. CAT, Collins, Magna, Shell etc
Private Ryan. I agree. I note that he used the expression "this next Quarter" which I take to be October - December. This makes commercial sense i.e. no business done in August and September is first month back at work. But Q2 shd be very significant if PM's analysis is correct. Given shares are forward looking, then this should make for an interesting Autumn.
Eye tracking is a key enabler of these new software services. If Ford see the commercial potential of in car software then, imo, this is one argument as to why value added rather than commodification is the likely trajectory for eye tracking
Https://www.bloomberg.com/news/articles/2023-08-14/ford-s-ceo-predicts-1-000-growth-for-in-car-software-services?srnd=premium-europe&leadSource=uverify%20wall
Ford Motor Co. sees revenue from in-car software services, like its hands-free driving feature, surging by 1,000% over the next few years.
Useful that WAND is now trading again. Down over 96% from suspension price.
Griffiths is down over £30m on his holding in WAND. Be surprised if he weren't a forced seller of various positions including his big stake in SEE.
Thanks. Interesting, imo, in that Berenberg seem bullish on the key issue of commodification
Griffiths had, I think circa 4% of WAND which was suspended at 1310p and has just done an equity raise at 50p. Griffiths was rumoured to have a margin call on WAND. His holding was worth circa £30m. Been decimated [or worse].
Be surprising if he wasn't a forced seller in SEE. Sad but in these markets difficult to escape such ameliorative events.
1% for 6 years work - and subject to targets
Anyone on here ever left a 1% tip at a restaurant?
1% of what? If he makes SEE huge, I'd give him 10%. I'm not squabbling over scraps. His job is to make SEE huge. If he does his job then imo his salary is a bargain.
If the options aren't part of his salary package then why are they subject to INCOME TAX???????????????????????????
Every no nothing has his / her day on here.
Impossible to state just how incomplete folks' education is. PIs not fit for purpose
yes how thoroughly predictable that folks on here think pm shd work for free.
the share incentives are part of his salary as is the cash element of his salary. no difference.
as to his role, execution of the plan is now 100% the test. delivery is everything. if he does that, then he is very cheap indeed.
the assumption on here that somehow the board are corrupt or stupid in just showering pm with free goodies is fine - if you then immediately sell all of your holdings here. to just ***** on here instyead suggests a look in the mirror might be in order.
you [the moaners] are all lead by the nose by the share price. pm is not responsible for that. he is responsible for the business - and it is there i suggest your judgement shd be exercised.
Happy about PM reappointment.
Share options / grants amount to approx just 1% of share cap. So who cares? [obviously the predictables on here]. What matters is whether he is delivering or not. My views haven't altered. I think he is the right guy and has some impressive wins since his appointment originally.