Member Info for DavidW2016

It is all old news.

Petrofac have made mistakes, paid for them in full, put their house in order ,and are now on the right track and moving positively forward.

The share price is still very very cheap, coupled with a low oil price , present a good buying opportunity for anyone not in yet.

Do your own research, read all the past RNS's and view the Petrofac website for starters.

Remember , there are many shorters with positions of less than 0.5% which do not show up on the daily short position report from the FCA. Therefore, many of these funds will be starting to close their positions, hence increased buying.

Once some start they will all have to start, otherwise they will get truly SQUEEZED.

Lots of shares traded in the auction and a fairly steady share price throughout the day.

Did the MM's facilitate an exit for some of the shorters before the share price becomes uncontrollable?

I see you pont Phil.

But DMS is a legal requirement, not a choice.

Surely, if it is fitted to the vehicle then SM will get a vehicle payment for the DMS!

How could you accept any other deal .

If you accept/buy any product, you cannot say to the retailer that I will pay you when I use your product . Seems nonsense.

No one wants to sell, they are all holding their equity for the big jump forward.

The MM's will have to raise the bid price .

Unfortunately, or fortunately for us ,the so called 'Pros' do not always get it right, or become over confident or complacent.

Just remember they are not risking their own money like a private investor. They will only lose their job if they make a mistake, and have to move on!

That is not true , the wider market is NOT down.

The FTSE 100 is slightly off and the FTSE 250 and 350 are just above yesterday.

Why do you say that the shorts are hitting it.

The price has been stable.

Yes, raising capital is one half of the story. The other is returning an improvement to the share price, year in year, and eventually a dividend.

PMG, after 4 years in the job, has still not delivered on the improvement of the share holder value promise.

He is great at promo one on one company interviews, but that is not going to convince others to invest, evidently.

On June 29th 2022 , Safestocks were suggesting that SM would go for a NASDAQ listing in the spring of 2023, which had obviously now passed.

The FTSE Aim 100 performance is down 14% on one year and 28% on five years. But performance is irrelevant if there is no liquidity in the stock.

Just 33 trades in 7 hours , and most of those trades were for peanuts.

As the world class DMS company in the market , we are world class losers for share value at the moment.

If any investors in the US are interested in SM , they are keeping it a very close secret.

No, the share price will increase steadily to the AGM and then move past the £1 mark.

How many interviews, events etc have we seen PMG state some expected numbers, imminent RNS etc. I take what he says with a pinch of salt.

Just sick of it all.

SM have good IP/DMS, just need someone to make a reasonable offer and most PI's and II would get out.

Otherwise, another world issue will come along and it will all be delayed once again.

The MM's are messing about with the spread every day to get those holders to sell. If you can hold on , then it could be worth the wait!

Petrofac are now moving in the right direction.

They also seem to issue much news on their website which seems worthy if an RNS but none prevails.

There are a number of reasons why the buys do not match the sells.

Firstly, the bid-offer spread is dynamic and there is always a small delay before the share trade is seen. As the mid point is used to determine a buy/sell, this indicator is often wrong.

Secondly, the market makers often hold inventory , and therefore, the trade will not show as either a buy or sell, until they dispose of their stock.

Citadel Advisors we up by 0.02%. They were previously at 0.48% and had to disclose their position as they breached the 0.50% level.

We can never be sure of the short position other than the minimum as of today is 3.48%.

I see this as a positive for the share price to increase rapidly, at some point soon, as much of the shorting was probably opened at a higher share price than the mid seventies.

Fortissimo,

I think you make a very good point, and a share price correction in the upwards direction is now over due.

The market makers are still trying the quick run down followed by the recovery to catch stop-losses and novice holder.

Terry,

It seems inevitable that DMS will be ubiquitous and just as common as the safety belt. I note the conclusion in the article.

"Hands-free driving systems are a step closer to the future. For now, keep in mind that hands-free doesn’t mean “eyes-free.” The technology is quickly evolving, and we expect to see automakers offering more capable driving systems in the near future."

The key words are not "eyes-free" !

I think car makers in the know accept we are in the decade of semi-autonomous driving, and Seeing Machines are well placed with their DMS technology and are taking advantage of their lead position. We just need to see it reflected in the key performance indicator numbers , quarter on quarter.

The takeover is more likely to come before Seeing Machines reaches profitability next year. Anyone who understands the business and the SM patents

will not wait to long and risk over paying.