The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The only positive in someone selling a 200million chuck of shares is that someone must be buying them.
It is not about profit, or when you will break even it is about what the market tells itself.
If the word gets around about Seeing Machines and their IP and DMS system the investors will buy into it.
Just look at all these companies with massive valuation, and some have yet to make a profit, let alone be viable.
Mr CFP,
You put the question at the AGM in a forceful manner and get the answer for the board.
84 trades and less than 3 milion shares traded today - that is the market at the moment.
The market is about potential, and SM have the potential future revenues, so why is the market not taking note of SM. Answers on a postcard please
PG stated in the recent meeting on London that he did no foresee a Nasdaq listing anytime in the next 18 months or so. But that does not mean it could not happen sooner.
When a board member buys a substantial amount of shares in their own company it confirms to the market that they believe in their business. It is not "a token purchase of shares".
Their total ownership is miniscule.
Does it work when wearing head gear, masks, sunglasses etc
Mr Cod Pie,
For someone who has no regard for Seeing Machines, you spend a lot of time on this board.
Some of the points you make do have merit, but you lose all credibility in the way you present them to the board. It comes across as personal anger and resentment to the board of Seeing Machines. And yes, you can bet the board have made good money over the years while the shareholders investment has languished. And yes, they have made many mistakes over the last decade, which again we have paid for in the share price today. But there is no denying Seeing Machines are in prime position in the DMS Market as the number one company with large incremental revenue/profit already coming into their coffers and for the foreseeable future.
If there was ever a time to be a Seeing Machines investor, it as go to be NOW.
That is got to be encouraging for the share price and where it is likely to move in the near-term.
Like many of you, I have watched and listened to the many PM videos over the years.
It is obvious to anybody following SM and their 'competitors' that the DMS Market is going to be enormous in terms of revenue and profit margins.
What encourages me as an investor, is the lead that SM has in the DMS technology and it's implementation of the product.
As PM stated, in no uncertain fashion, any new entrant to this market, and the current competitors , are 1-2 years behind SM.
The vast amount of research, development and experience would take years to replicate.
Therefore, any of the large enterprises / organisations that wanted to be a player or controller in the DMS Market, over the next decade, would have to buy their way in on the open market or make a bid for Seeing Machines.
For once I agree with you . A bid from any contender would bring out all of the interested parties. As a consequence, the true value of Seeing Machines technology/experience would be established in a fair share price representing true value, or thereabouts.
Did anyone ask him about shareholder value.
Where does he see the share price , in the near term.
Yes, the cars have already hit the road, some 447,000 in the last update. So stop all this ridiculous secrecy.
W T F do yo know mate!
Say what I want. I don't answer to you.
Unfortunately, one of the reasons why the share price is undervalued is because the SM management in the past have been unwilling to make confident financial forecasts for the future.
And one thing the market does not like is uncertainty and lack of confidence. Sometimes you have just got to be bold. That's why a CEO gets paid the big bucks, share options and bonus.
And before the faithful go into auto defensive mode, I note that I likely to own more equity than most of you long termers. So I am extremely concerned about the current share price and the lack of management noise from management.
There is no market.
99.9% of the shares in issue are NOT traded on a daily basis. At the moment we are in the hands of the market makers we who control the spread and a handful of day traders.
But they are destroying the share price!
How far are the Seeing Machines Management prepared to let the price drop?
I can only think of one reason why the Seeing Machines management are not bothered about the day-to-day share price. They already have an offer for the business from Qualcomm.
I cannot see any valid reason for the BOD to hold back on any news. Everyone in the industry knows that Seeing Machines is the biggest player with their IP and DMS technology.
Everyone knows they are going to obtain, if not already the biggest market share in the DMS sector.
So there is no point in any more secrecy. They need to take every opportunity to 'Big Up' their RNS's and to give more than minimum contract values.
PMG has been in the CEO job for more than 3 years now, and I have lost count of the times he has mentioned improving share holder value.
This is not a game. This is investors savings being destroyed.
When the market drops we drop.
When the market rises we drop.
BOD, if you wait until the end of August for an update to the market, the share price will be in the toilet. Not too elegant, but true.