The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Over 20 Director buy RNSs since January.
Where is CFP to explain why this is bad??
Executive Officer, Paul McGlone, purchased a total of 150,000 ordinary shares ("Ordinary Shares") in Seeing Machines at a price of 5.72 pence per Ordinary Share and 40,000 Ordinary Shares at a price of 5.75 pence per Ordinary Share.
Following these purchases, Mr McGlone is now beneficially interested in 540,000 Ordinary Shares, representing 0.01 per cent. of the issued share capital of the Company.
I read SEYE's Accounts. What struck me was the small organic growth, the big write downs of the 2 acquisitions and the small turnover component relating to auto turnover. Big loss even without the write downs. The numbers don't - at first glance - support the buoyant narrative. Fleet has the one order but otherwise no info given.
Reading their Accounts - and notwithstanding their recent run of orderbook additions - I think they look under resourced for the market battle ahead
Said it before but bears repeating. PM was a wizard to get the Magna funding at 11p / 1.5%pa. Lifesaver. In this market, without such a cashed up Balance Sheet, the shares would have fallen far far further. Just check out the savage discounts on equity raises at other small caps.
Meanwhile shares are being sold at a mere 50% of Magna's valuation.
Been here for 10 years. Very bullish at present. Most yet. Despite the psycho drama of the share price.
SEE's turnover was up by over 50%. Is that non delivery?
This is a sh*t stock market
SEYE are down over 80% from their peak. SEE a lot better - down 60% from peak SP.
Nonetheless, the FD & LO accumulate.
Michael Brown, acting in its capacity as discretionary investment manager for the account and on behalf of funds or accounts managed by it and/or as agent of Lombard Odier Asset Management (USA) Corp, acting as discretionary investment manager for the account and on behalf of funds or accounts managed by them has traded in the ordinary shares of Seeing Machines as set out below:
17 March 2023 Bought 300,000 ordinary shares at 5.9p
20 March 2023 Bought 600,000 ordinary shares at 5.7p
Following this transaction LOAME holds 628,577,965 ordinary shares, representing 15.14% of the Company's issued share capital.
don't barf on here about SEE - tell Magna. Magna must be a complete bunch of idiots to invest in SEE - and at almost twice the SP!
Or maybe all the posters on here are a complete bunch of idiots?
thanks terrym. Key key info imo
share drop not significant [imo!!]. Might be Griffiths selling under stress? He had a huge whack of WAND - approx £40m+ - read [no knowledge that true but plausible] that he will have a margin call on that
Bought some more. Clearly can't get enough of them
He obviously doesn't read the nonsense on here.
Veoneer & Xilinx - that has to be SEE
Canberra in Australia overtook Nouméa, in the Pacific island of New Caledonia, to report the world’s best air quality last year
https://www.ft.com/content/438562af-d815-4ed5-83ce-c65b85db5782
This discussion board is like sh*tting on your own doorstep.
Really pointless except it might help some of the witless PIs to sell out & stop whingeing.
PM etc are paid a chunk of their salary in shares. They pay income tax on it as if it were cash. The usual reason for this type of salary arrangement is twofold: One it preserves cash for the Co. Two, it aligns the interest of the CEO & Directors with shareholders. Especially where there is a performance reward element.
LO's purchase is not large but it adds to an already large holding - and despite having over 5% of WAND - presumably down the pan.
I don't disagree with your numbers. However, I think the real sky high potential added value here is Fleet & Aviation.
On Fleet, interesting. 8 years of failing to get it right. New Product. New Market. New Business. Education costs etc etc. Fragile value chain with missed supply / indifferent factory. Fiendish challenge.
But if they get Fleet right, it is massive.
The latest set of Fleet excuses are historic. We now have copious supply thru H2. PM bragged about the big demand for Guardian. So H2 shd outdeliver on Fleet - or at least start showing us what it can do.
SEE have invested in G3 - that must be in anticipation of far bigger numbers. Otherwise why bother? G3 will doubtless not emerge until G2 is cleared thru. But FY 23/4 is going to huge for Fleet, imo, if SEE deliver.
Avionics is big ticket items. So be the mkt leader in this new emerging space & then this will be a second pole of mega value.
DR777
I don't think the "bulls" get it. So many wd be happy with 15p etc.
My view is that the potential here starts with £ sign before the shares.
Ive didn't come on board for some pitiful target. He thinks there is a jackpot to be made here. He is right - imo.
well quoted. This guy has something to say. There again you cd degrade your brain by reading some of the utter nonsense pedalled on here.
There is a divide: The whingeing PIs on here on the one side and the commitment and belief of Ive, Hill and PM [he also bought in the market previously] on the other. Barden gets it. Really everyone else on here - not convinced you do.
The Results were great and SEE are set on the path to glory
He liked the Co so much, he went to work for them and bought £300k in shares.
I am very interested in his commitment and appraisal.
I think PIs are basically a bunch of speculators. Momentum traders. When the share price doesn't go up then the Co is to blame.
I think the complaining on here is typical of a certain type of mentality. If you think SEE is rubbish then ffs sell. Don't whine.
The CFO knows more about prospects here than any of us. So his commitment is worth 100x the whining on here.
Ive bought shares. He is smart. Very clear minded. This is at a very exciting phase.
Listen to what Ive said about why he joined. I agree with him. This is a once in a lifetime investment. imo, very lucky to be invested here.
Like Ive. Cool cat