Member Info for MrBB

Looking forward to the clouds having cleared enough to reveal Sandy s 40p ( & 2 expensive Jags)
did not expect John Prescott to be posting ( or punting ) here.

I agree & apart from being in a closed period the fact that there are several substantial contracts under discussion constantly may preclude them from buying in the market most of the time .
The 3p placing was the time to buy & I was disappointed at the low level of purchases by those buying ( apart from Nick ) & the lack of buying by Paul.I am sure that we will soon hear of options issued to Paul ( & other PDMRs) & just hope that there is a reasonable hurdle in order top incentivise Paul (& other PDMR s) to achieve our ambitions - rather than millions of free shares

Agree entirely with you guys .Results due soon will hopefully confirm that FY met expectations (@ least) & that FY20 is expected to show substantial progress & hopefully more contracts will be announced beforehand.We need tangible evidence of progress & a very positive outlook statement based on pragmatic expectations .Looking forward to the aviation announcement which Paul would surely not have promised unless it really was imminent

Positive enough update & prospects of return of cash will appeal to many .Not sure how they can announce return of cash due to lack of investment opportunities until a new CEO has been appointed ,assesses our position & considers the viability of acquisitions .I can’t believe that there aren’t some great opportunities for bolt on acquisitions in order to demonstrate that we can be a growth stock .If current management cannot work out how to grow Vec I would rather we were sold to the highest bidder & I would gladly exit @ 180-200 p .Perhaps once the GSK case is finally resolved we will be sold to the highest bidder ?

At current rate of weekly km covered we should reach 3 bill by Oct ,or early -depending on the expansion of our installation rate

Intels wisdom in paying up to approx $15bill for Mobileye was questioned at the time .Mobileeyes business was more commercially progressed at the time of takeover than ours -but Intel had a vision & was aiming for world domination of that market & were prepared to pay a massive premium for the company who they believed would help them achieve their ambitions .If our tech ,supported by strong IP ,remains well ahead of our current competition -we too should be valued at a premium rating ,rather than cash + minuscule goodwill.
It will be an interesting ,& hopefully profitable ,few weeks ahead of Results & our outlook statement for FY 20.
I certainly don’t want PM to become a typical AIM ramping CEO but I have no objection to genuine optimism based on deals signed & expected to be expanded & expected positive progress in our other leading divisions

The Proactive interview was very positive & clearly Paul has been beating The Drum & demonstrating optimism about our prospects ,while confirming that FY 19 was on track .I am sure that he & Nick (Apart from Pat Nolan ) had several private meetings with brokers & large investors who Hopefully were reassured & behind closed doors will have pressed them regarding the imminence of the currently outstanding RFQs -& were comforted -as we were .Hoping this is the beginning of the climb back to 19p & beyond .

Hard to believe that anyone with an interest in the Auto industry is unaware of DMS-

On track ,momentum building ,year ahead looks positive ,news due very soon re Aviation -so why on earth are people selling today -I must be really thick but today’s interview tempts my to buy more -on every level

Positive marketing by Paul & Nick & interesting to see what the next few weeks brings .No mention if Japanese RFQs ( unless they operate differently ) & lets hope that Aviation news is material .
I still believe that Paul buying a decent holding (in addition to the free shares he will be offered )would give a powerful positive message to The Market

Interestingly poised currently & those who have had enough should exit & take their losses & those optimists amongst us will hold fire & perhaps buy under 3p on the basis that long awaited positive news would positively impact on our SP.I would hope Jack (who is still a NED) has been soothing our UK investors .I also hope that Paul will soon be able to issue a trading update,confirming no deviation from previous revenue expectations (similar to last year) & laying out his future vision for SEE.A couple of decent contract wins would certainly help with building his credibility & restoring faith in our prospects with the wider investing community.
If our IP is strong ,Fovio as good as we ( & many Auto Manufacturers believe) we could be bought cheaply & while I appreciate that many stale bulls here would be happy with a 6/7 p exit,there are still those of us who hope for & expect much more

Irony - & great to see the shorters losing ....for now !

We wouldnt know if Paul has yet visited our IIs & perhaps Ken has been introducing him to them over the 4 weeks since he stood down.If not-that should definitely be happening very soon to reassure them that their investment is in safe hands

Lets hope he does a great job & stays in it through to fulfilment of our ambitions.As much as he will , no doubt , be given free shares I hope he buys a decent stake with his own cash as a measure of his confidence in our future, & emulating Nick by investing £100k would be a great start.
If Luke is leaving to go homer to Sidney,does this not highlight a problem we have in attracting & retaining top level talent to work in Canberra.

Great move Numpty & I also suspect they would rather hold an investor session with a CEO & Chairman on board

Invesco are clearly clueless,increasing their holding substantially .

If there is a next time for raising funds,our key revenue streams should be maturing & revenues increasing & our funding needs will be less significant as a % of our market cap.Fleet alone in 12 months time will have hopefully exceeded the projected 26k installed units with projections for FY 21 exceeding 40k units ( & that is without any deals to instal Fovio at point of manufacture-which could be massive)-resulting in FY21 Fleet revenues of A$50mill + a healthy contribution to operating profits.If we can demonstrate this relatively modest growth from Fleet borrowing any capital required at reasonable rates & avoiding further dilution should be entirely.
While being disappointed at the lack of expected news & uncertainty re the CEO & Chairmans role I remain optimistic & I am considering another increase in my ( already very large) holding while the malaise continues.Buffett would not touch SEE with a bargepole ( unless anyone here has his ear) but his "buying when others are fearful" could not be more appropriate here.

If MCGlone is the right man from the job,what is stopping his appointment ,which would at least allay any investor fears that we are rudderless.I appreciate that he may be the best man for the job , & is an Aussie ,but I remain disappointed that he did not support the placing @ 3p .If he was 30 years and I may have cut him some slack but as he been a senior Exec for many years I don't think it's unreasonable to expect a senior exec to invest some of his own tax paid income/savings in the company he works for .
That uncertainty needs ending ASAP & we need a new Chairman with a great track record & reputation.
Positive contract news would help too !!

Entirely understandable that our SP is struggling ,due to lack of RFQ news,other contract news & news regarding the appointment of a new CEO & Chairman.I hope you are right GB2 as Lombard adding another 2-3% would be viewed as a positive.
I appreciate that several very stale bulls have lost patience together with the will to live here & that some long term bulls consider that another buying opportunity is presenting itself ahead of expected positive news flow on all fronts.
The general malaise in the global auto market is one good reason for delayed decisions but they cannot be delayed for ever & our Fleet division appears to be growing,hopefully more strongly than expected & more BDMS news & Aviation news may not be too far away.I therefore remain optimistic ( or possibly foolish) &, in the absence of specific bad news ( eg substantial shortfall in our FY19 revenue expectations),am likely to buy more shares should we slip decisively below 3p.
We all have different agendae & have to follow our instinct & ,if we fear the worse we should exit & if we view our weak SP as a buying opportunity we should buy more-the alternative being to hold & hope ( & or pray ).

Perhaps A8 is RTs grandfather ?