Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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.
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.