Member Info for Heathcliff1

Why would you gloat about Cipia laying off staff? Haven’t SEE just done the same?

From yesterday, 20 million. Haven’t seen many of those for a while.

I was also removed from the Telegram group. It isn’t a forum for discussion, it’s positive views or you are out!

The 60 million repayment is casting the biggest shadow at the moment. Break even is a huge milestone and hopefully they will meet that target, but shortly after there is a huge some to repay. As mentioned on here, everything needs to go exactly to plan, and sadly SEE has a poor record in this respect. If they are completely honest, even the most bullish did not expect to take on at least 30 million in debt, maybe more, in 18 months time. Most probably expected the share price to be above 11p by then, unfortunately this is looking unlikely.

Martin Ive buying more is the only positive in the short term.

Oldfool are you being an old fool? Last night you were ranting at a poster telling them you hoped they were going to tell management to their face. Today, meeting management in person is the wrong thing to do. Which is it?

I will indeed be there seeing2020. No need to make yourself known - I’ll just look for the guy gazing at Paul with puppy dog eyes.

Really hope investors are able to ask tough questions tomorrow and are not just fobbed off. This is dire at the moment.

Is this the big one everyone was hoping for before the Town Hall? I sincerely hope not.

Couldn’t agree more. The rollout of Gen 3 has been nothing short of woeful. Who remembers at CES 2024 when Nick ‘misspoke’ and said 55,000 units that year? There were many on here gleefully saying ‘he’s let the cat out of the bag!’ etc. It was so obvious he was put on the spot and just threw a number out there. Of course many on here and especially on Telegram felt he had let this big secret out and last year was going to be a game changer. Even when SEE clarified it was a mistake, folk still believed he’d let out a big secret!

Would appreciate views on this resignation. Michael has always been seen as an asset to the Board and I know many on here had great respect for him. If it was due to Lombard’s holding dropping below 10% wouldn’t have made sense for him to leave at the end of last year?

With the greatest respect, an II selling twice in a short space of time is a negative.

If I may say, you seem a little too emotional about this share.

I’ve held over 1.5 million shares for many years, this has to be the lowest point and I fear the end of this week could be worse. On the Monday of the KPIs and trading update, a nothing RNS was released regarding Mitsubishi’s role in aiding sales. As mentioned here, this was the minimum most would have expected from them when they came on board. Yesterday an RNS was released promoting 2 long term members of the SEE team. Was this supposed to raise spirits before the H1 FY2025 results on Thursday? My worry is if this is the best they’ve got, we really are heading way down in the 1s. Were these 2 promoted to enhance salaries, incentivise with more shares, or were they about to jump ship?

I keep thinking back to that Q & A from SEYE. When many claims were made but 2 stood out for me.

1. SEE have lost an OEM (I can’t remember which)

2. there is an issue with the Magna mirror and VW (this was later retracted but the claim still lingers)

I’m sure I’ll be accused of being a SEYE fan but I can assure you I have absolutely no interest in SEYE. I can’t help thinking there may have been an element of truth in some of this.

The last KPIs were dire and Paul implied this may be the case for the next two quarters. How is this possible? This time last year the low numbers were blamed on industrial action in the US. New car numbers have not decreased as significantly as SEE’s. Something is clearly not right.