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I bailed out last July at 24p - nice to see I was right and the gravy train is still going strong.
I got criticised by the rampers on here and EVBull even said he bought my shares I sold - hope he didn't buy the full £60k because there won't be much of that left now.
This share will never pay off for shareholders and it's about time everyone accepts that
Exactly and if I am reading the figures right only 2.3m of the 12m dollars was from license revenue in 2021 - so in reality this year it will only be 4.6m (if Paul's statement comes true) + any non recurring fees - so we may not even see any growth on the 12m in total.
Next year may be more than double though if it is true about idrive 8 going across all BMW's from July22 (have BMW officially announced this or has it just been found in a blog online?) and SEE is standard in the Idrive 8 and not an optional extra (sorry I don't know whether it is standard or not - can someone enlighten me)
It was auto revenue that he said would double not total revenue. He also said every 12 months. Auto revenue was 12m australian dollars, total revenue was 47m for 2021. If his statement comes true then this year we should see 24m dollars for auto - 220m for FY23 is pie in the sky - doubt we will even get to 100m
18 months of association with Qualcomm? - the first RNS was in Jan2020 - so it's been public knowledge for 28 months!
I would imagine they were working together for months before that announcement as well.
It is really frustrating - not helped by ramping on subjects such as takeovers and £1 share predictions and a CEO who keeps suggesting deadlines for aviation deals, RFQ's decisions, etc.. which are clearly out of his control and therefore come and go without news.
However, the things that keep me here are;
i) Legislation is only 2 years away
ii) No other competitors are announcing major wins
iii) Significant revenue will come from our collaborations with Qualcomm and Magna - not so sure about Omnivision
iv) Due to legislation there are major fleet companies that need a solution, is there really any serious competition in this sector?
The time to start to worry is if competitors start announcing contract wins or the legislation date gets pushed back for some reason, such as WWIII
Also with every RNS they put out they need to start listing the companies using our tech at the end ie our tech is used in auto OEM’s GM, Merc, Ford, BMW; fleet companies Shell, National Express and used by Aviation companies L3, CAE, etc… - obviously better wording than that but you get the drift.
They need to keep reminding everyone who is using their tech
Let’s be clear there is no easy way out of this - Putin is a modern day hitler just listen to his tv announcement last night.
He wants the Soviet Union back so he may not even stop at Ukraine and even if he does, how can the world stand by and let this happen to Ukraine.
If he moves on others such as Lithuania then I think the SEE share price will be the least of our worries.
Looks like TEK went up from circa 10p in April21 to high 30’s by November21
I’ve been hoping SEE would do that for the last 9 years!
If AIM could arrange that for SEE this year but between now and June it would be much appreciated!
Is it just me or is anyone else not that excited about the half year results?
With qtr 1 revenue only 0.3m up on Qtr1 2021 which let’s be honest is poor considering the whole world was in turmoil during jul-sept 2020 due to covid I can’t see the market getting excited by the figures for half year.
The only thing that could potentially excite the market is more wins before the results but again we are 6 months on from Paul quoting 2 to 3 qtrs for the current RFQ pipeline confirmations and we have only had one announced.
We haven’t even confirmed the bloody f-150 which everyone but SEE are confirming - god knows what kind of NDA they have agreed to with Ford but it’s an absolute farce.
You also know damn well there will be no revenue projections in the update or confirmation on profitability dates. Any major OEM wins are now not going to fundamentally change this years revenue (or the next couple to be honest) so there is a good chance of showing less the 18% growth on 2021 in July 2022 given the poor Qtr1 revenue. Although value wise it doesn’t have to be more than 18% to show a growth on last years growth I think if they quote percentages then psychologically it needs to be more than 18% to get the market interested.
I think I’ve got a good chance of winning the end of year predictions.
And even if I don’t I’ll be a lot closer than the £1 predictions!
Spot on Soulboy - exactly why my year end prediction was as low as it was. That exponential growth is a couple of years away at least. Firm estimates of future contracts don't appear to move it as we have had 200-250m on the books for some time now and of course the additional 125m didn't shift the SP in December either. Perhaps a few more 125m wins will shift it, but my gut tells me actual sales growth is the key and as you say £30m is not really that big.
"Hopefully any new ii interest in the company is now told by SEE that they have to buy on market rather then issue new shares."
And that could be the problem, I'm sure they said that after the fund raise prior to the December 21 one, but obviously someone like Magna was too big to turn down so they did another fund raise by issuing new shares. Who can blame them.
There are plenty of other companies who are too big to turn down. I notice that in the Stifel note it says "Key risks to our thesis include the need to raise funds" - a tech firm will always need to raise funds and SEE look like they will always have large investors who want in now.
However, hopefully each one should be slightly higher than the last one to appease those who invested previously.
7) put out a Ford confirmation RNS ASAP would be a help - not quite sure why they haven’t done this yet - it’s not as if Ford will just stop using Seeing Machines in Blue cruise as it’s already in cars on the road!
So who can remember Kiran saying they would be shipping the iron ore from Dec 2019 - nearly two years on and how many ships have shipped with Devs ore? (not KDNC’s ore because they don’t own any)
Also who can remember Kiran saying the bank agreement would be done by Jun2020 - 15 months on and no sign of it.
I wonder why they are looking at buying into other investments?
Share price dropped from 30p to 17p
Surely if you are invested here you have got to question why based on all those other successful projects negotiated by Kiran and co.
What’s the EMH holding now - wonder whether they have sold that down even more? Used to be 20%
What a joke of a business, but at least Kiran is getting a nice big fat salary for his achievements
Sell up whilst you can - that’s what ramper Eyeguy did!
Others won’t because they are paid to post their rampy nonsense on here to lull unexpected shareholders into thinking this is going to be over £1!
Feel sorry for those who got caught at 30p and are now nearly 50% down thanks to the rampers - apparently they have been buying all the time - they must nearly own the company now!