When PG made that statement the next two quarters were Mar-Jun and Jul-Sep. Therefore, if all the RNS's are not in by end of Sep 2022, then it is another one of those imminent moments once again. However, it is probably academic since SM is likely to be acquired by one of the 'bigboys' soon.
Are Seeing Machines finally starting to emerge from the shadows? The start of a flurry of information releases with some whoppers to come. If they can go into mainstream publication so that everyone knows what DMS entails and what is on offer for the public in the near future then this could be the start of the rise.
May 2019 we commenced the 'point of inflexion'. Are we now to move upwards and commence 'exponential growth'?
It is great hearing about contracts and collaborations but we will never get any serious movement in the share price until the private investor, and the like, have a clear guidance on SM revenue, profit and margins.
And, of course the only other favourable exit point for us is a potential takeover bid, which seems ever more likely with the above contacts and collaborations.
Has a long term investor I am not inspired by this RNS. No estimates for revenue once again.
If the recent $125 Million deal did not move the share price, what is this going to do.
Should say, 'in this arena'.
And do not forget 'Data is King!'
Seeing Machines has data in abundance. And this is real time, real life driving data capturing all the edge cases. This is worth a fortune on its own to any company developing or enhancing systems
I'm this arena.
The 'Market' is the current and potential investors who trade. We struggle to have 100 trades per day. And the majority of those are peanuts in value. There is no market , just some PI's trying to make some small profits.
The question should be - why is there no market in SM shares? I know we are on AIM but our market is so very small. The is no market because SM do not publicise in the wider press. The CEO interviews are conducted with Proactive - limited audience. We are obviously not visible to the wider market of potential investors and traders.
I just hold on to the fact that our Institutional Investors undoubtedly know more than us and they are waiting too. I will hang in with them for now.
This is great news again Terry. But unless Seeing Machines emerges from the shadows, I fear we will not see the full benefit to our share price.
Is there suddenly going to be an explosion of RNS's or are they still going to play 'keep it quiet' right up to a takeover, hostile or otherwise.
I very much understand this point of view. That is why I have been here for six years, my longest ever investment.
But like many, for various reasons, I cannot wait another 2 years plus for some profit.
It is really going to have to be some kind of profit to pick up for all those losses in the past six years!
There are supposed to be 30+ models coming. When is the news coming?
You may well be right.
But, I would still like to see the name of Seeing Machines in the wider populous press, and the name of Seeing Machines mentioned in all the car brochures that are issued with new and updated models. That would make us truly ubiquitous.
You are so right !
These proactive interviews are staged, no challenging questions, just a script for PM.
It is almost like he is scared to talk to the 'bigger' press, who will push him for thorough answers, no weak washy statements.
And he has no reason to be scared, he is the CEO of a first class company.
Maybe he lacks confidence in the big arena.
If the name Seeing Machines is to be synonymous with car/auto safety then he is going to have to step outside of his comfort zone.
He is always talking about improving share holder value. Take a leaf out of the Qualcomm CEO's book and talk to the mainline press, auto shows, big promotions, just get out there. After all this is part of his role, that is, promoting/highlighting the company in public, not behind closed doors.
I can only assume that our large institutional investors must be getting some inside information, otherwise they would be kicking up a stink too.
And this is why a company like Qualcomm will want to takeover Seeing Machines - They look at the potential future revenue/profits, not the current share price.
Companies like Qualcomm want and need strong products and strong revenues that will last more than a few years. They look at the next decade and beyond.
Terry, totally agree with your comment
Like you, I am not greedy. For my 6 year growing investment, something in the region of 30 - 60p would be acceptable.
That is great news for Qualcomm shareholders!
Let us hope they are thinking about taking over Seeing Machines. Like most PI's, I cannot wait another 2 years to see a profit.
Yeah , 4 Years ago.
June 2018, share price reached 13.25 pence,
with a capitalisation of c. 325 Million, about the same as today.
All the great developments and associations and our value as still not moved on from 4 years ago.
We really need a fabulous takeover offer if we are to get any kind of a fair return for our investment.
I totally believe in the SM IP/software, that is why I am too heavily invested. The only worry I have is if we have another market crash, for whatever reason, and we get taken out for a song!
Thanks for letting us all know what you are doing!
The daily share trading volumes are very low, just PI's taking some small cash and some probably swapping into an ISA and/or pension.
I would not be surprised if the major share holders are as already aware of the revenues to come shortly, or even that a takeover is on the table.
Lets face it, the SM management have never cared for the private investor, except when they needed cash.
Surely, that is the point. If we did have a buyer who saw the value in SM then he would be willing to pay a higher price today and consequently more people would sell at this higher price, and the price would increase until the buyer decided this was the value of SM.
The fact is there are just no buyers, for whatever reason. Hitherto, an event has not occurred to encourage new buyers to enter the market.
Although I am a long term holder, in the back of my mind, I still feel that the SM management, for whatever reason, hold back on their RNS's, especially where the issue of revenue and forecast is concerned. Unfortunately, this is exactly what investors want to know!