Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Surely major shareholders would vote on an "official" take over offer? If they did it via the back door, that's another question.... And yes, I also thought they might look at a lower target for a quick profit.
My hunch is that probably a few companies are watching SEE, perhaps happy to let it do its thing and solidify market position, but not so keen on it falling into a competitors hands, chip companies for example. Whether a potential buy out spurs them to act is another question.
But again, Lombard might just be buying for a quick profit off the back of some good news and become another never ending seller.
It's interesting alright!
Stake building for a takeover, just a bit of news leaking and someone wanting in? Who knows, but the volume spikes over the last fews days have been massive which tells us one thing; deep pockets want in.
You have to wonder if Lombards aggressive stake building might encourage others, such as VSI, to buy more as well. If this becomes a take over fight (please god, massive takeover war, big names, silly money) the price could absolutely skyrocket.
I feel a contract announcement coming on...
Why do they always announce these things just before US open?
I was feeling a little frustrated this am, seeing it flatten out, thinking we need something to kick the share price off properly, a big contract for example. I wasn't expecting this but the L2 order book dived and is already climbing back quickly.
I think this is a shock drop, nothing more. A friend of mine said he'd invest if the CEO was changed, I wonder how many others just felt the board were just too poor, perhaps those with big bags...
And they just jumped again.
I concur. I was looking at Level 2 when they moved the bid, twice in very quick succession.
How many as in how many subscriptions? Good question.
The current SP is laughable, but with fleet now fixed I'm more confident than ever that we are on our way proper. You're right, fleet with a solid install base (thanks legislation) and then high margin subscription service on top should easily see it surpass this share price as a single division.
Every day for months I have been up and looking and hoping for news at 7/7.30.
Today I overslept after a very late night... :P
Great news, YES we need (and want) OEM news, but I don't think we can understate how vital fleet being fixed is to the health of the company.
It's becoming law in Europe along with all cars and other vehicles... and it looks like we have worked out how to be the tear away leader.
Surely the estimates of future installations, just contemplating the need for DMS in all new lorries are WAY off now, and how many of those will go full Guardian?
I look forward to finding out!
You have to hand it to them, they know how to pitch an RNS...
"The estimated revenue of the order is 150 MSEK based on estimated product life cycle projections. The potential of further design wins on the existing platform is estimated at 500 MSEK while the potential for all cars on all platforms is 2,3 Billion SEK.
Everything is showing red on ADVFN aside 2 green and the price is still up with 3-1 on the buy side. I don't think it can be one sided selling or the price would have slid back on that many trades.
MrBB, that is why I used the word "climb" instead of "propell" ;)
ADVFN now showing 3.16 as the buy price. Someone trying to sneak in an order above the rest before it blows. Orders being filled at the higher end of the spread also. And now 2-1 again on L2.
The last few days trade have been encouraging for sure, are we finally going to climb out of this pit to the lofty heights of 4p again?
I think it's more likely that we have perhaps landed a big contract, finally. I'll take that. I'd take a nice gradual increase in share price for now along with good news, confirmation of Fleet and BdMS figs as well.
Got burned multiple times over the last five years here. Sold out and thought I was done, then last spring it all started to pick up, so back in. Then the fleet debacle and the fundraise slap in the face.
Naturally I just topped up :P
Stranger things have happened... but I can't see competitors letting just walk off with us, not if they're aware of how far along SEE is.
ADVFN says 62,841,806 traded today...
Yes perhaps an almighty overhang, but looking past that and that is a lot of confident buying... Something coming soon is my feeling. Much like the selling before the latest dive, people in know look to be filling their bags.
Thanks, that does help!
Well, lots of buys is a good sign for sure.
Interesting, on ADVFN almost entirely showing as sells... What are you on?
Being comfortably absorbed by the market though.
Plenty of big buys going through yesterday and today. Someone is dropping some cash for sure.
I don't know how influenced it is by good old advertising cookies, but I'm seeing a lot of posts about "self driving cars" from companies like AXA insurance.
This BB may be aware of just how far off that is right now, but the rest of the world thinks they're just around the corner.
That also means a lot of investors are likely unaware of just how important DMS is or that it even exists. When it starts to appear in peoples cars, it'll blow up I'm sure.
Meanwhile I'm so fed up with SEE right now that I'm looking at other opportunities. The trouble is regardless of the mess they made the coming upside is still very decent IMO.