Member Info for MrBB

Thanks Wishful .Bit more due diligence into Jack & he has relatively small holdings in TT & Mite although he is undoubtedly a very wealthy chap who could invest substantially in SEE ,if he so desired -so let’s hope that his due diligence encourages him to invest substantially as that would lend more credibility to our prospects

Jack appears to have a solid CV & track record & I presume that some IIs who know him could be tempted to invest as he lends additional credibility to our potential in that he woild not risk his reputation by involving himself with a company which he did not believe to have excellent prospects .I presume Jack is not short of a bob or two (whatever a bob is) & it would be great to see him make a decent initial investment here as a sign of his confidence in our potential

Perhaps Alex has turned bullish ?

Thanks for your detailed notes Beefcake.I appreciate that KK was aware that you were going to publish your notes here & my natural curiosity wonders what you may have discussed which he specifically asked you not to publish-eg the imminency of the long awaited major rail contract & aviation contract, both of which he has recently referred to.
The fact that K has accepted that he is the best person to be CEO & that he has appointed a Chairman with a solid CV ,who wont start until 1/1/19,is a clear sign that takeover prospects are not imminent & the fact that 2021 is viewed as "the year" suggests also that he wants to continue building the business & creating further value which, if all goes very well will result in a much higher exit value than the amounts recently bandied around here.20-25p short erm would give all of us long termers a very decent exit but I can wait 2/3 years if the prospect exit could be multiples of 20-25p

Glad you made it Escovido !

Kroeger not Kroger ( like Freddie)

ken.kroeger@seeingmachines.com

I respect the fact that many of us here undertake their own research & in some cases must spend substantial amounts of their precious time in doing so.Yet no one appears to have asked Ken,Sophie or anyone else @ SEE whether the delay has been resolved & shipment of G2 has proceeded,with a consequent reduction in any backlog arising.
Speculating that no G2 units have been shipped is clearly ridiculous & my guess I should that the delivery blip is over.

& our SP rises -so was it a sale & did A8 buy them -that would surely squeeze our SP higher ? Maybe it wasn’t a sale ?

When positions under 0.50% are included -maybe even 7 or 8 % short.I am just a humble PI but since the takeover we must have been trading well & many Workd Cup results will have resulted in a win win situation for GVC. Our purchase price of Lad/Coral took into account the substantial reduction in expectedprofits from gaming machines & I would’ve staggered Iva substantial reduction in our retail estate is already underway .Interesting to see at what point the shortest man up & take their losses,forcing our SP higher ?

Most of us here are very long & have a substantial vested interest in the success of SEE. KK has always being described in very positive terms & as a very responsive CEO -so why don’t you ask him your key questions Alex,listed in point form & let’s see how many points he responds so & how many he swerves.Then you can decide whether SEE has a future or not ?

Hopefully an update will be forthcoming -hopefully confirming revenues at the higher end of the revised lower expectation -ie nearer to A$35 Mill than 30 mill.As much of Fleet sales now come from our several distributors presumably we have to gather info from them in order to collate sales & pipeline @ 30th June

A fair analysis Crowbar & I agree that takeovers are rarely at a multiple of the prevailing SP.The reasonable & pragmatic expectations of many here is that a bid wont be forthcoming for a while yet & we will have hopefully signed more major contracts covering all areas of our business by then , resulting in our perceived value being higher & our SP increasing accordingly.If a bid were to arise when our SP is 25p it would not be unreasonable to then expect a bid for around 40p.Any bid is likely to be agreed & Ken will no doubt discuss the relative merits with the various likely interested parties in order to establish who would be the best fit & who would benefit all stakeholders ( including current employees,who Ken values highly).Most of us would have made substantial profits @ 40p & more than twice as much @ 80p+ ( if we allow ourselves to fantasize for the moment).However, & not wanting to be a party pooper, but I have been dabbling in shares for a very long time & many years ago discovered the major risk of counting unhatched chickens-so lets hope we ( or most of us ) are right & SEE are the real deal & we will be taken over for a substantial premium some time fairly soon (although not too soon) & we all exit with a very decent cash profit.

Denso clearly are one of the biggest companies in the Globe & Perhaps when they realise that our technology is superior they will join the fray in attempting to but SEE -& a billion or 2 would be petty cash to a company of that magnitude

We can dream of Mobileye type takeover scenarios @ $10-$15bill but I agree entirely that the most likely scenario is a pragmatic bid at a value which gives everyone a decent exit & would enable the SEE proposition to grow globally without the traumas of going it alone - fact which I believe Ken is well aware of.Obviously the more significant contracts ( & particularly in rail & aviation, to prove our diversity)signed prior to agreeing a takeover the better & I am sure that Ken & his senior team are busily trying to close deals as we speak.Recent IIs & VSI paid 5p for their holdings & 30-40p would represent an incredible short term return for them all .
Interesting few months ahead.

In truth I dont really care who the battle is between ,as long as , ideally, there are more than 1 of them "battling" & we arent presented with a "done deal" at some point which may not fully value our potential

SoftBank(or someone similar) taking a 10% stake would be an extremely strong indicator of our immense potential & would result in a substantially increased SP . It will be interesting to see how the coming week unfolds for us after a very strong Friday

Lets hope that these mysterious & rare components have arrived & there are no further delays in the manufacture of G2 & that the "imminent "news in key areas is forthcoming v soon too -rail deal,aviation deal ,Japanese OEM etc.

Positive news & Woodford with 20% will probably aiming for 29.99% in a limited Market-which tempts me to buy a few

Has anyone else here done s simple & free company search into Align Research in order to establish the length & strength of their history,their net asset value , & the strength & depth of its Board of Directors & their Directorship history . Google Companies House Get Information There are some extremely successful business people who have no idea how much information is freely available & some would horrified