Member Info for MrBB

Volume very low & possibly the irony in being fully funded is that any IIs wanting to build positions can only do so by buying small parcels -otherwise we get marked up .Fine for PIs but not IIs -unless they can find willing sellers in volume -which also seem to be in short supply .
A conundrum !

See2030-everyone us very wary & have been for some time -resulting in low confidence ,unstable markets & investors preferring/needing cash currently .Clearly new IIs have not been buying since the US presentation -although Cate ,Martin & LO have been adding at higher levels -so they (who should know) believe in our prospects .
We have to decide whether to hold sell or buy & as individuals we have to account to ourselves (& partners ,if they know ).

Fair chance he now has more than that !

Q1 trading update due soon will hopefully show continued progress in US + progress in Japan could be referred to as our small acquisition there was made some time ago + global markets have been very volatile,which should help

If he believes his comment in the infamous Italian presentation, ie that our SP should be 10X the current level ( over 7p @ that time ) if we remain independent until the end of 2024, he would surely buy as many as he is able- as he should view it as a no brainer if he believes his own rhetoric.How many shares would we collectively buy @ 4.41p given a current price of around 6p ,given the opportunity.

Hopefully Michael Brown saw The Italian Job ,liked what he saw & knowing Paul ,as he does ,believes completely in his rhetoric & is slowly building LOs stake back up towards 20% -in the basis that he can buy 70p notes for 6p

4.41 is a massive discount id Paul believes his bullishness in the Italian interview when he proclaimed that we should be worth our ( then) current SP X 10-ie over 70p.
Who would not buy a 70p note for 4.41p-especially if they know the truth ?

£900 mill yesterday,£90 mill at some future undetermined date -nightmare for all investors but particularly recent ones

Lombard & Griffiths could have a liquidity squeeze due to their exposure to Wandisco-suspended today & will be a while until & if they return.

Paul & Martin would not necessarily know & as Paul said at the Oct Town Hall they will only know once they have received the email confirmation from the prospective customer.
The numbers are clearly out there & nothing new to be disclosed in New York

Director buying is evidence,particularly Ive who has articulated the same reason for buying as the rest of us - he perceives a great opportunity for wealth creation for the second time in his career-he is like us ,apart from being CFO & therefore with a unique inside perspective on our potential.Unlike us he has only just invested & if he gets his 10 bags it will be within a much narrower timescale than ours.
I have been buying too !

We already have North American investors, eg Magna ,Hermes & Others & it would be interesting to know the tone of todays presentations by Paul & Martin ,apart from partners & I suspect that they may be more upbeat behind closed doors.I wonder whether todays event is the start of the process to try to establish value in the event of our sale in the next year or two-ie if Paul believes ( as in Italy)that we are worth 10 times our current SP, professional investors maybe tempted to buy in market for the prospect of a short term 10 bags.
Wishful thinking perhaps , but ever the optimist !!

I entirely understand those feeling insecure & having been here for over 10 years I appreciate the waiting time .I believe in Paul & have to believe that Martin I’ve would not have invested so much shortly after joining if he did not anticipate a very bright future .
A very simple question for today by an insecure holder ,quite simply would be -Are SEYE eating our lunch ?
I think the answer will be definitely not but we always knew there would be competition ,which is welcomed by OEMs

BJ-your Grandpa is a wise man !

Martin Ive buying large amounts before Interims suggests he has total confidence in our business plan & has a positive view of our potential .
The results & statement were ‘lacklustre ‘& contained no exciting new news but Martin’s buying suggests that excitement will be coming .I am slightly disappointed but still retain my conviction .

Low key ,no rhetoric & nothing unexpected but at least more of the Magna revenue than expected was not taken with $5.4mill being the right number.
Martin Ive did not invest heavily for what was disclosed today & it will be interesting to see if he now buys more

What US analysts may understand is that ,despite our being a relatively tiny Aussie techie,we have several partnerships with global multibillion $ companies (inc Magna & Mobileye)who directly supply OEMs with large numbers of components & Paul,who usually presents well,will be tasked with educating them -not just at the CMD but presumably in the series of private meetings which may take place around his & Martins presentations.I dont expect instant gratification ( although that would be well received)
I have been & expect to continue adding small amounts this week @ over 7p ( the first new shares at this level for many years) as I genuinely believe we are now close to the inflection point following which our SP will be at a much higher level.
I may be wrong & it certainly would not be the first time & I recognise my confirmation bias.

Darren -sound strategy ,investing DMS & I did not expect SEYE to fail & there will always be competition & deman for a lower cost & probably inferior product but there will always be OEMs who will compromise on. quality for costs as long as they are compliant with safety regulations .Martin has been prone to over excited rhetoric in the past but SEYE could be bought at some point & alll be winners .
Decent strategy with which I wish you good luck .
I am long only in See

The G3 hint was in the update & perhaps that will be the Big News announced to coincide with the US Capital Markets Day-we can always hope !

All guesswork Terry but we should know soon enough