Member Info for isb1974

I would sign up to #team300 but i can't see myself holding that long, 50p would just about allow me to quit my job and retire. £1 would give me a very comfortable retirement. I also think it will be bought out well before £1 - I love to dream of 50p, but in reality i know that kind of good fortune won't happen. At this moment in time I just want it back at 14p so I can stop beating myself up for not selling last July and then buying back in at 3p! - hindsight I know! .... lock away your profits I know! ....

After watching this, I just can't get my head around why we are still at 4p!
Surely we have got to be back above 12p by Christmas at least following the news that's coming in the next few months

I’d be happy with 25p, over the moon at 50p and jumping for joy at £1 - I would probably never see a £1 though as I would no doubt sell before.

Good interview - they have just got to deliver and it’s as simple as that - there has been many bullish interviews in the past and too many let downs so let’s hope this one is different and they do deliver something over the next 6 months to create some positivity around the company and share price

I would say it's pretty obvious - they are currently sitting on a paper loss and therefore don't want to sell. However, they have lost confidence in SEE and have lowered their expectations from making a nice profit to one which is just to get back to break even so they can sell and get out. Pretty sums up my situation. The problem is to get back to break even it will need new contract announcements or someone like Ford confirming it is going to roll out the SEE DMS into all cars - then would you really sell at break even because the potential has just grown substantially again if these annoucements come. As others have said this does really boil down to getting contracts and legislation forcing this into all cars and SEE taking a good market share. Until this happens, which I think will take the next 24-36 months we may as well accept the share price is going to be pants.

Look how long it's taken GM to start rolling it out and it's still only an optional extra isn't it? This will only happen at pace if legislation forces it. The thing I fear the most is a delay with the legislation.

Thanks Lewbo18, but from my research I could only find an RNS from Seeing Machines stating a deal with Takata back in 2014

https://www.investegate.co.uk/seeing-machines-ltd--see-/rns/strategic-alliance-with-takata/201409010700184587Q/

It appears it was an article in the FT that suggested the deal with Takata was for GM

https://www.ft.com/content/e5787fea-30e9-11e4-8313-00144feabdc0

I don't recall and can't find an RNS from SEE that talked about a deal with a "large US OEM" until 2017 when they named GM and the model in an RNS.

So I still don't think SEE mentioned anything about GM until after the Cadillac was launched and I'm sure it was discussed on this board about NDA's being the reason.

Even if we win someone like Volvo there is no guarantee we will get an RNS until much later and let's be honest I'm sure they have already decided given the amount of press about them and to date there is no clear evidence from anyone who has got that business.

Just saying it could be many months before we get any indication on some of these outstanding OEM's

... all was good at circa 13p

I'm beginning to think we may not get a Volvo, VW or Toyota RNS until the first models are launched with a DMS. That's what happened with GM isn't it?

If so it's going to be a long wait until we get over 10p again, 2021?

Last year the year end trading update was the 3rd August. Looks like that might be the best bet at getting an update this year, so only 5-6 weeks to go.

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The keywords in there are “we believe”.

I believe in a lot of things but it doesn’t mean they are all right.

Plus brokers can be wrong you know. Didn’t one state we would have 80,000 fleet installations by June 2019!

There are too many people writing off SEYE based on things that aren’t 100% confirmed.

It’s not just about creating awareness to Alex Roy

A bit of celebrity endorsement would be good as well. Think of the amount of awareness SEE could get by utilising this in some way. Even if it’s just hijacking this twitter thread.

https://twitter.com/melissarauch/status/1126918819853639680?s=21Thanks

It’s called marketing and creating brand awareness. I think SEE should do more of it to be honest and not just on social media. I know we are not a consumer brand but I’m sure some people out there would really support this business if they were aware of them, especially those who have been unfortunate to lose people due to fatigue or distracted driving. People power can be powerful in terms of highlighting things. Would of course highlight the business more to potential shareholders and investors to.

I can't find this anywhere but I thought a couple of months ago someone stated 17,000 fleet installations at the end of this year. I certainly can't find it in any RNS's, but perhaps it was an interview.

It probably was 16,000 and I'm getting mixed up because of the 7 in 27,000 but I would hate for the forecast to have already slipped for the end of this year.

Like most of you I agree it all sounds very encouraging, but wasn't a lot of this mentioned in the half year results except for the TVG bit, is that why the SP hasn't really reacted. The main bit certainly was, which is the forecast of 27,000 units by June 2020. So was the TVG forecasted sales already included in the 27,000? If not then surely that figure needs revising up?

Also, how is the TVG bit any different to Mix and Geotab. It's great that we have distributors on board but that doesn't necessarily mean business is guaranteed through them as we are reliant on them selling our product amongst all the other things the distributors are trying to sell. Let's be honest we have not really heard of great things coming from Mix and Geotab.

I'm looking forward to their forecasts for next year for the total business which can only be a couple of months away considering their next finanical year starts in July. They must be putting their forecasts together now.

Completely agree - I think they are going to look pretty stupid just as they were after;
Rail contract soon
Fleet update soon
50,000 fleet installations by the end of this year
Financed to profitability- sure they claimed that last year after the last fundraise!
Advanced discussions with several BDMS customers
RFQ’s by the end of the calendar year - remember June19 was a delayed date

So many of them all just designed to keep gullible people like me invested because of a fear of missing out and dreaming of riches ??

I wish I had the confidence everyone else has on this board.

But we have had so many broken promises, an SP that has dropped from circa 14p to 3p, a fund raise that has hurt most of us, lack of a positive RNS for months and a large competitor win, so I am struggling.

I can’t believe SEYE have not sorted this 37mph issue because surely that must be their biggest priority and if they haven’t they probably will soon and therefore they may get this entire value they’ve quoted on their RNS. I can’t help feeling that people are underestimating them and becoming over reliant on a VW and Toyota win. What happens if we don’t win them, no doubt someone will say “we can’t expect to win them all”, or “I don’t think we even quoted for that contract”

My god i desperately need some positive contract news to restore my confidence as after 6 years it’s at its lowest it’s ever been.

Come on SEE give us something.

.... OEM’s can’t delay decisions much longer! And where is this fleet update Ken talked about. More bull no doubt just like the rail contract and 50k fleet installations projected just over 18 months ago.

Just keeping us dangling with broken promises until next years fundraise ??

At least 3 years away from seeing 15p again and that’s only if we win more contracts. If our tech was so awesome and there is no other alternative why aren’t decisions being made quicker, why have we got so few fleet companies signed up.

Let’s face it 27,000 is crap considering the number of lorries, buses and coaches there are out there in the world.

Sorry just felt like a rant because of the lack of movement on anything, news and SP.

I doubt it. More like when it drops below 50p you will regret not selling the other 30,000!

I've considered it - to bring my average down, but then thought better of it.

Only 4 more working days for the results to be announced as they said by the end of April, but then I'm sure they have done that before and then they were weeks late :)

Completely agree. Someone has already mentioned MONI on this board and unfortunately SEE is going down the same path as they did. MONI’s share price ended up just below 3p and if I remember correctly they were bought for about 3.3p. Yes people will say this is negative and I’m not doing any research, but my gut feel is that this will be bought out for less than 4p. I hope I’m wrong though as I will lose a lot of money if that happens.

they are not going to get their £6.8m now as who on earth would pay 3p when they can get them cheaper on the open market. Worrying times. These RFQ’s are becoming more and more important and I wonder how many we need to win out of the 13 to make market sentiment turn around, 5? 8? 10?

Where does it say hands on steering wheel and from a Swiss company? There does appear to be more competition than I realised, let’s hope they don’t have relationships with tier 1’s like we seem to have. More waiting then. I suppose I was just hoping it was us which would suggest news may be coming sooner rather than later. As it’s been said before I guess I shouldn’t expect any news until May at the earliest after the placing.