Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I also topped up this morning.
A little pull back after a sensible rise is normal and things have been looking and acting pretty much as I'd have expected since the results. RNS needed to kick up a level.
My post was to say that rather than needing a code, you'd probably develop a 6th sense for knowing what other makers were doing and the overall mood by reading subtle price action. Maybe I didn't explain that too well.
I'd always thought random odd share buys were nothing more than a glitch in the system somewhere.
It's an interesting article, although I'd imagine if your job was to sit there and make markets you would learn to read what other makers are doing from the order book.
If someone wants share, they can't have mine.
And if the single share buy is a signal... it's there again!
I myself now have a different conspiracy theory...
We have a couple of big names in the bag with others on the way but are lining them up so we can go on a PR assault, one a month in 2019 sending the share price flying and giving a bloody nose to the competition whilst simultaneously creating a lot of noise, letting everyone know that SEE is the ONLY choice.
Well, it cheered me up!
It is more than double, true.
I don't know, I feel this wouldn't be based off of the current SP and current profit/loss figures, but on the value of having such a strategic advantage and lead on the competition.
Totally understand your frustration, but I think the 15p buy out is becoming less and less likely by the day.
15p a share = £338 million-ish. Small change to some of these companies and if I was looking to bag the IP and secure a huge advantage over the competition, so would that competition.
If there was an offer, I would expect a fight with potentially more than 2 bidders!
It's possible a buy out is on the way, but I should think a lot more than 15p. Perhaps the price being gently subdued is nothing more than dangling the carrot....
Although they've said no growth and flat for FY 19, surely one more contract with an OEM is going to see that beaten?
Or a rail contract, or aviation... Fleet may have stalled but the restructure will make it a much more efficient division imo and even there, once they get things sorted, could well be more growth. Especially if regulation for vehicles is dictated from on high.
Agreed sgreen, better to under promise and then overdeliver.
I think that the chances of overdelivering are quite significant given the pace at which regulation and auto are going, not to mention the fact they are now gathering evidence that fatigue and distraction events are causing problems in aviation and rail sectors.
Going to them with an idea and a product is one thing, showing them a driver nodding off driving a train or not paying attention in an air control tower adds a whole new element.
Just adds more weight to the theory they are underselling the good news though.
For me a couple of the positives:
Fleet review already being implemented. Needed to happen and the fact they are addressing the issue of delivery is (mildly) reassuring.
Opportunities everywhere. Rail pushing hard, Aviation which seemed to have gone incredibly quiet is still in play and may deliver something in the not too distant future. We know Auto is kicking off.
No mention of a fundraise... at least for now. BdMS providing a quick injection of cash perhaps?
And a few negatives.
Still losing money and next years revenue expected to be roughly the same as FY18. But now they've built the control centre etc, will we be looking at a better bottom line?
No mention of BdMS. Beggars belief but perhaps they felt the recent announcement dealt with that for now. Would have likes SOME idea of how much it's going to throw into the piggy bank.
So; is the recent sell off still overdone and do we think the price might start to recover today, or will it just drift until some good news?
A lower revenue must also increase the chance of having to raise funds I would think.
A combination of factors for the slide as far as I can tell.
Low summer volume, a lull in news (we all hoped for a more continual positive news flow after the "Ford" deal) and another big institutional seller intent on realising what is most likely an eye watering profit before moving on to other opportunities.
Add to that the fact a share on the slide becomes somewhat of a self full-filling prophecy and we are under 9p again.
The question for me is one of how I feel the company is doing, rather than the SP. Given everything we know, I'm not worried that the board have pulled up a sofa and stuck on a box set and in time things will right themselves.
Yes, selling at 14p would have been the best move but unless you knew Milton were going to start bashing the SP on the head, long term holders had no reason to sell up. In fact this is all now accumulation territory.
I just watched the price drop dramatically with a few MM's moving the price at what appeared to be exactly the same time on L2. It just so happened I was watching it when they all moved. I suspect a tree shake, perhaps trying to fill some big orders in the background. Steady hands. Consolidation is fine, I imagine many have been waiting for just such an opportunity to get in or top up.
I've just had adds about retrofitting Mobileye ADAS units to get a lower premium hit me. Anyone else had this? Also found SEE from NT, but have always felt they had something special.
Interesting thought Seeingyou, I agree completely that they have many issues ranging far beyond DMS, especially as other legacy OEM's start to move into their space. Although Ford, Merc etc. may not be as advanced on the electric front, they have far more experience and knowledge when it coms to making quality cars.
In my view, Tesla holding their hands up and saying they need DMS and opting to work with SEE would be a huge boon for the company, given Musk's previous comments. What better way to prove the tech works than putting an end to the Tesla issues of drivers placing too much faith in the autopilot?
It's really nice to see the order book on level 2 getting deeper. I would prefer it to stack up the other side right now, but clearly there is a lot more interest. I remember when you couldn't even place an order on the exchange directly and had to take the hit on the MM's spread so this is great to see!
Thanks Seeing, The SafeStocks blog has been in my favourites for a good while already and yes, I had noticed certain posters seemed bent on talking down SEE recently. I'm in for a sizeable holding (for me at least) and have been for a while. Intend to hold out for a lot longer as I feel there is a lot of upside to come. That said, I was beginning to get bored of waiting and did sell half of my holding a few months back to invest in other shares. Kicking myself somewhat now.
Indeed, I have followed this chat for a little while now. I enjoy the fact that there is reasoned discussion on this board, positives and negatives backed up by actual facts and information and not just ramping or doomsday scenarios.
Afternoon all, I've been a long term SEE holder for years, all the up's and down's, false starts... as far as share price goes anyway. Until now I've only ever been a reader on forums (mostly ADVFN until recently) but this chat has been incredibly helpful in confirming my own research and feelings on SEE. Thank you all for that. And now Wilson63 has posted a video to a Cozy and a song I can no longer as a drummer bear but 100% agree with the sentiment. Thus I have succumbed and signed up to LSE. Hoping for some further good news soon and a march onwards and upwards!