Member Info for DavidW2016

He will get 47 million shares for taking zero risk with his own money.

The share price is in the toilet and we are all suffering in this situation.

Just not right.

We need a take over. A good time to try now, share price so depressed.

Why should PMG be allowed to roll over his option and get more incentives while private investors have had to pay and hold there shares for a lifetime with total risk and total opportunity lose of their funds.

It is just typical of the SM mentality, look after your self attitude.

I hope a takeover comes soon, hostile preferable.

After all the great news of the last few months this is another significant award for Petrofac, and as stated in the RNS, the first of many with ADNOC.

If this does not cause a strong move in the share price in the upward direction, then we can only conclude there is corruption with the market makers.

Berenberg cuts Petrofac price target to 105 (110) pence - 'buy'

A Buy recommendation and above £1.

That is a fair start.

Tony,

This is what you said in March, I qoute,

"All it needs is at least one contract RNS and it’ll fly right back to £2, possibly £3. New CEO is amazing. Lots of pent up demand for oil services. Not even mentioning renewables!"

There must be many short positions below 0.5% which do not show up on the FCA daily report. These have got to start to close independently. As the share price does start to rise, it will be a race to close as quick as you can, because those shares will be scarce and expensive. Words a shorter does not want to hear.

Thanks Fortissimo, you are right ,dollars not pounds - got carried away!

How are they buying these shares because it has not had any affect on the share price.

Petrofac market capitalisation is currently £380 million. It is ridiculous. You have got minnows on AIM worth more, who have never made a profit!

With a £73 Billion pipeline which is increasing by the week, even a 1% profit margin is £730 Million.

A serious rerate is in order.

As the majority of shares are held by the private investors, there is always the possibility of a hostile takeover if a good offer is made. I think £2.40 would persuade most of the private investors. We would have to read into PFC governance to see if this was a possibility.

The share price is now in the 5.3p-5.4p range.

Has PMG acquired any of the share trances as below in the 2019 RNS.

I remember most on the board here were saying that the shares were a give away at the trance share prices. Who would have believed we would be at 5.4 pence.

RNS Number : 0253O

Seeing Machines Limited

30 September 2019

30 September 2019

Seeing Machines Limited

CEO Long Term Incentive Plan

Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), the leading provider of AI-enabled driver monitoring technology for improved transport safety, advises that the Board has invited Paul McGlone, CEO, to participate in the Seeing Machines Employee Benefits Plan ("the Plan") and has awarded rights in respect of a total of 37,000,000 ordinary shares of no par value in the Company ("Ordinary Shares") as outlined below.

Pursuant to the terms of the Plan, rights in respect of a total of 25,000,000 Ordinary Shares have been awarded to Mr McGlone as part of the Company's Long Term Incentive Scheme. These Ordinary Shares will be issued at nil cost in five equal tranches commencing on 30 June 2020 and annually thereafter (the "Performance Date"), with each issue conditional on the satisfaction of key conditions including target share price performance prior to each Performance Date.

In addition, Mr McGlone has been awarded rights to acquire 12,000,000 Ordinary Shares as part of the Company's Call Option Scheme. These rights will vest on 1 July 2022 and will be exercisable at any point within one year at a price of 4.41 pence per Ordinary Share, being the average daily VWAP over the 5 trading days to 27 September 2019.

Seeing Machines encourages its key employees to participate in the success of the Company through the Plan giving them the opportunity to access long term incentives to ensure wealth is created for the benefit of all shareholders and other stakeholders.

Enquiries:

Seeing Machines Limited

+61 2 6103 4700

Paul McGlone - CEO

Sophie Nicoll - SVP, Corporate Communications

Cenkos Securities plc (Nominated Adviser and Broker)

Neil McDonald

Pete Lynch

+44 131 220 6939

Antenna Group for Seeing Machines (Media Enquiries)

SeeingMachines@antennagroup.com

Fortissimo,

Yes I agree, we should see a good upward move today. Good to see there is a 73 billion back log if work

What does about to launch mean, one week , one month , one year or imminent?

And that is the crux of the constant share price drive downwards for Seeing Machines . Over the years PMG has stated different time scales for RFQs etc and therefore, private investors slowly lose confidence in his ability to deliver on time.

I am sure it makes the statements in good faith, but that is no consolation for missed timescales.

I am sure it will all unfold, well I hope it does or I am in the sh#t.

Nathan,

You make some good points.

But on any scale SM have always been a company that plays down good news to the detriment of its investors.

That is a laugh, a persistent seller.

There are not enough trades to warrant the term persistent seller. There is no liquidity , trading is non existent.

A major problem for Seeing Machines had been the style of management over the pass 10 years or so. The desire to under play ever good item of information issued to the market. To continually under estimate the potential for the company.

Quite frankly, our CEO's ,past and present, have been too scared to shout out the company potential in case they get it wrong.

Otherwise, our present share price could have been so much higher today.

Well, if you want to be the CEO of a company this is part of your job.

Yes, a takeover offer is the only way to get this share price moving in an upward directions.

Sick to death of hearing about the SM associations. The private investors are starting to sell in dribs and drabs and our investment is diminishing by the day.

I was somewhat disappointed with the share price drop with the over reaction to the base rate increase . With the static CPI of 8.7% this was on the cards as the bank had to show it was serious about tackling the inflation problem.

However, the share price recovery in the afternoon gave me encouragement that is is now holding its value. A good AGM tomorrow, followed by a positive trading update next week should be the catalyst we have all been awaiting.

Hello Lewbo,

Fair enough, every investor has a right to his/her opinion.

Do you remember the meeting at Fincap back in 2018 when KK was the CEO. I attended that meeting and I raised a question about the real driving data generated by SEE software.

I asked Ken if the SEE data could be used independently of the SM DMS software, and if it could be sold/licensed/monitised as a product.

He would not give a clear answer to the question.

And five years later, I still think they wasted an opportunity to license this very valuable data

and generate a stream of cashflows, without losing the ownership.

My point is that they have had this data advantage for many years and it forms a fundamental part of their DMS algorithms . If this advantage could be lost to AI simulated data , where does that leave Seeing Machines.

Brock/Phil,

Agree, totally.

We have had so many advantages for so many years , and the gain SM had is diminishing everyday.

It is the same whole rhetoric from PMG, waiting for RFQs, waiting for something, blah blah.

AI technology is moving so rapidly , you could wake up one morning and someone has invented a perfect AI DMS.

I just want the company to be acquired. I think after nearly 4 years as CEO, PMG has not got that killer instinct to take the market.

But many like me, with substantial holdings are weighing up the pros and cons , and time is running out. It would only take something like a major recession or other world issue and we are back in the poo.

I agree, the margins are always a concern for any business. However, costs are not the same for all business'. Petrofac may be able to alleviate or reduce cost due to their size and structure.