Member Info for MAJOREM

The AIM100 has now underperformed the Russell2000 by 30% since the end of 2022.

When will we shed this anchor around our necks?

The relationship with MBLY was for fleet.

I'm hoping, no, praying, this news doesn't torpedo the VM imminent production ramp... and I hope "dual sourcing" remains a key part of the auto industry.

The Israeli software company said Wednesday it will provide VW with both its SuperVision software and more advanced Chauffeur platform. SuperVision allows for “hands off” driving while still requiring the driver to pay attention to the road, while Chauffeur allows for higher levels of autonomy. The deal builds on an existing supplier relationship between the two companies.

Is deramping similar to deplaning?

There are a lot of ways to get to 40p, but I have to admit the dip in gross margins was a alarming to me. Reminds me of the inventory they had to write off.

I think the assets and IP would be much more valuable in the hands/portfolio of a larger company.

Qualcomm, Intel or Mobileye, Ambarella, Magna, DXC, who knows... what other companies could make sense? I believe any/all could pay up to 4x the market price right now without being punished by their own shareholders.

I simply ask, what is the value of a company with annual profits of $150 million? Then discount it back about 5 years. Then divide by the monstrous 4.5 billion.

I have been begging the company to do this for no less than 5 years... fight fire with fire.

The Lombard ownership did recently increase by 1.4 million shares in February... but the Bloomberg ownership function was double counting. The correct ownership is 644.6 million shares or 15.52%, currently. I do not believe there are any other instances like this in Bloomberg's data. But who knows!?

The trade was a "cross" or block trade (which sometimes can be double counted). But the fact that it is up on the day (albeit barely) is very positive. Up on high volume is materially more meaningful than all the days it is down on small volume ... imho

You make a good point. The website shows Lombard at just over 15.4%. Bloomberg shows the approximate 31%. The real/actual number matters, but not materially to my point about the illiquid nature of the shares from the perspective of incremental Institutional shareholders' interest.

I'll try to get Sophie to respond to my clarification question but you all know this is a Longshot! ;)

I've given up all hope for a better past. I wish I had sold my shares back when it was in the double-digits... I only sold a little. Then bought back more than I sold as it continued to drop. No ramping or deramping (whatever that means) from me, at least not on purpose!

I try to avoid this board - but it's a sort of journal. ;) possibly proving that I suffered for a decade before ultimately being rewarded handsomely... besides there are some good folks on it and I look forward to celebrating with you all (eventually).

Anyway, the stock can be explained so simply: 60% of shares are held by no more than 25 or so institutions. Pinnacle and Zeus have sold a little, but every single other II has been holding or buying more.

LOMBARD bought more and now owns over 31%!?

Federated/Hermes still owns 9.14%

VS hasn't sold a share ever and still owns 8.81%

HERRALD bought more recently and now owns 4.7%

Crux Asset Management (Special Situations Fund) is a new shareholder who bought ALL 21 million shares during early 2023.

Individuals include:

Richard Griffiths with 156 million shares

Paul McGlone with 8.45 million shares

Martin with 7.5 million shares

Catherine Hill with 4.8 million shares...

They all trade on the AIM exchange which is down YTD and since the end of 2022. Whereas the Russell2000 is up nearly 20% since the end of 2022 and a little YTD'24.

What's my point? My point is the float of the shares is arguably less than 50%. This severely limits institutions "eligible" to purchase shares. So this company is essentially a misfit company trading on the misfit stock exchange. Paul et el are unable to drum-up interest because all they'll do is upset prospective investors who want to buy the stock and can not logistically accumulate enough to make a difference in their portfolio. So we're left with algorithms and individuals, mostly. What an opportunity for people like you and me!

I have high conviction in the Fundamentals. Fundamentals justify a stock price of at least 2x today... and as revenues ramp (high visibility), this fair value ramps almost as quickly. I'm not selling any of my shares below 15p, or unless/until the company is acquired. The catalyst to get this thing going will likely be actual trailing profits (because stock screens are really "dumb"), or a relisting, or a sale of the company.

Good luck to everyone. You may have time to sell and repurchase, you may not. The stock "only" needs to get to about 14p and then the shareholder return will outperform the SP500 going back to 2006! It has roughly kept pace with the AIM100 over that time frame. I look forward to catching-up with "opportunity costs" and the fundamentals ultimately making this investment my smartest and most lucrative ever.

In other words, buy more ;)

It still makes zero sense for SmartEye to have a market capitalization premium of more than 20% vs SEE. The gap will narrow and SEE will return to premium status. SEYE is increasing awareness of DMS/OMS... investors who like an unprofitable half-sized SEYE will love a nearly profitable Seeing Machines, in my humble but professional and biased opinion. 😉

Sort of crazy how much good stuff has happened over the past year and SEE stock is down so much from its high...

Interesting that both SEYE and SEE are valued by the market at around $260 million USD. Any objective person, even the cold fishpie type, would argue or agree that if there are two companies: one of which has twice the revenue, a similar or greater growth rate, and higher and improving profitability metrics, that it should be valued greater than the other company. I would argue materially greater, at least double.

I realize SEYE could simply decline to make me correct. And both could decline and I would still be correct. But my conclusion is that SEE ultimately trades for 8x revenue (SEYE's current valuation multiple) and when applying this to 2026 revenues, SEE becomes a much-deserved unicorn. Finally.

FishPie, why do you never answer specific questions? Build some credibility and join the conversation...

How much do you expect to make (profit) being short this stock? Why waste time here?

And watch those typos in your responses - I know you are a stickler for grammar!

Lastly, I prefer Angels Envy or Jeffersons Reserve (both bourbons) - what's your poison of choice? ;)

How much money do you expect to make being short this stock?

What is the point of your trolling? Doesn't it feel wasteful of your brilliance? Don't successful stock pickers (like you) have better things to do? Like find the next winners; why waste your time here? I find it so strange (pathetic, really)...

Sorry everyone for failing to ignore.

On to continuing research and due diligence (which by the way includes searching for risks and second guessing and stress testing assumptions - not just trusting in management and "hope").

I bought 120k more shares at 5.30 today... let er rip!

The AIM100 has underperformed the Russell2000 by around 20 points (20%) over the last year. This explains a great deal of the stock's poor trading. Check for yourself.

I wish this website allowed my phone's spellchecker to work! "songle" ... oh well! It will be interesting to see if there's any follow through this week!?

There are billions of shares! For perspective, a little over $3 million USD traded today - very likely dominated by institutional shareholders... but know that the average US small-cap fund likely needs at least this much to make any position worth its time; and, no songle firm ever gets all of a day's volume. So this could be a few starting to nibble. That's my theory.

The key factor for investing is risk tolerance and time horizon. My risk tolerance is high and my time horizon is long. I have waited a long time for this stock to work. I still have more time. I wish I could go back and buy Netflix or Nvidia 5 years ago and parlayed those winnings into SEE, but I've given up all hope for a better past.

The independent objective observer would say that SEE has made it through the Sea of Red Ink and is within sight of paradise island. I am more bullish than ever if you just objectively do the math on how big their revenues could get.

DYOR. I'm likely buying more. Let's not forget that UK Small-Cap hell is a very heavy anchor! (read discount)