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Gladmore,
What do you base your doubt on ?
Gut feeling or fact ?
If you look at the share trading over the last months, and in general, only 0.1% to 0.2% of shares in issued are bought/sold on a daily basis with some peaks ever so often. So 99.8% of shares are remaining with their owners. We have share price carnage on ridiculous volumes and MM manipulation.And this is a free market !
Randy baron stated on Jan 12th 2022 that he believe SM will dual list in 2022.
There is no 'market' in Seeing Machine shares.
That is the worry. Only 13 trades in two hours.
A bid offer spread of 3%. All those RNS releases over the past four years, company interviews has made little difference.
I know the product is first class but the share price still needs to be managed by the SM BOD, which is part of their remit.
If your are holding a lot of shares like myself and not are not worried about the current share price, then you should be.
Soulboy, I also hope that a bid is not at this low share price too. But has many have said, SM is potentially a money maker. So why would a suitor not take advantage while the share price is low.
As far as I recall they are well funded into next year, at which point they should be owned by a larger company.
Also, a company cannot continue to fund raise indefinitely, otherwise those invested will grow weary of the dilution and go elsewhere.
Further, both Institutional & private investors are aware of the dismal share price over the last four years since it's peak in June 2018 and now expect a flow of RNS news and the next financial year forecast before parting with more money.
Fortunately, the forecasted DMS market share for SM is looking very understated, the after market business is on an upward trend, and the Aviation business as so much more to give to the bottom line.
I know everyone keeps saying this, but something has got to break soon!
There is still approximately 20%-25% of shares out there owned by private investors. That is one billion or more shares waiting to be traded at a fair price. We have all got our own idea what that means , especially those who understand the value of this once in a lifetime investment.
Unless we suddenly get a series of big RNS announcements, I still think the takeover option is more likely from a buyer who wants to take control of this market swiftly. We can only hope that we get a bidding war.
As you say, we have had many RNS's over the last quarters, including a A$125 million one. Even that did not move the share price.
The lack of trading, liquidity and MM control dictates the share price.
I feel that only a takeover offer we kick off any significant movement in the share price.
Fortunately, the people/ companies in the know will be the ones initiating such an offer.
So for me, it is hold and wait for that moment.
Even if that moment does not come, Seeing Machines are in the driving seat for DMS over the next 5 years or so. Therefore, the long term investors will be unlucky not to get a good return on their investment.
I agree Map. If the share price continues to get crushed on every bit of non SEE bad news, then when the good news eventually arrives , the share price will be in a poor place, and recovery, will be difficult. The Institutional Investors must be concerned about this price level.
June 2018, the share price reached 13.35 pence, or thereabouts. The world has changed dramatically, the views on autonomous/semi-autonomous driving has changed dramatically, the main DMS player is now obvious, SM is in a league of its own, and yet, the share price barely reflects any of these events or the numerous RNS's of the past four years that show how the company has developed.
It is like we are the best keep secret ever!
On these volumes this is all we can expect. Some day trading and MM's manipulating the spread.
Just got to hope the vital news comes soon before be we get another world issue taking us further down.
The company is sound!
Who cares about any of this rubbish.
We all want the share price to increase to its expected value. END
With the every increasing value of the SM revenue pipeline, conservatively estimated at A$1.1 Billion, surely it it time for the discount rates to be adjusted to reflect this potential revenue and increasing DMS market share.
Mat, what not leave it to 2023, 2024. It will be 100% accurate at this time.
That is not the point. We are just passing COVID, we have a Russian/Ukraine war, rising interest rates and potential stagflation.
It will only take one of the Institutional Investors to get twitchy and we will be in trouble.
Let's face it, the SEE BOD have not been that great with investor relations / information over the past years.
Why should the SEE BOD not surprise the market with some early information.
And if you think they are not aware of their potential market share by now, then there is a problem with the BOD.
All the car manufacturers/OEM's know that SEE has the premier IP/software for the DMS offering, so when is the SEE Board going to declare this in terms of RNS releases.
I cannot believe that in June 2022 there is nothing to say about potential revenue/profits for the forthcoming financial year and beyond.
Remember that Proactive interview.
PG states all the big announcements will be in the next two quarters.
Well 3 months have passed and nothing to move the share price yet.
You are on the last quarter PG!
We do need some kind of nudge, almost down another 3% today.
5 Trading Days completed.
PG Mean required for next 25 Trading Day = 10.11
4 trading days completed.
Mean for next 26 days required = 9.98p.
Terry, you make some good points which are true.
However, I disagree about your point when you say SM do not want companies sniffing around if a plan is in place for a future tie up.
I would say you want everyone sniffing around to ensure you get the best offers and purchase price for the company if a takeover is in the offing.
It is great to hear all the new cars we will be in soon, and the guesses at revenue and profit.
We are almost two hours into trading and there are less than 20 trades of little value. SM does not exist in the eyes of the public, that is our problem.
The share prices set up for PG's performance three years ago were widely acknowledged as being too low at the time, and hence, there was now real challenge for PG.
May
Maybe if they have been set higher and more challenging our share price would be stronger today, despite the global issues that have occurred hitherto.