Member Info for MrBB

Could be the Malbec giving me a dose of extreme optimism .I agree the mantra has been repeated for 5+ years but we are now at the end game & we will surely soon know whether our extreme patience will be rewarded .

We know that progress is steady but slow -although could rapidly change with news of a deal to install Guardian @ the point of manufacture of vans,trucks,lorries,buses & coaches & revenue @ our monitoring centre in Tucson will be also growing steadily.Looking forward to a comprehensive update of all divisions
Great weekend all

The last fundraise was supposed to be the last before profitability & Fleet was pushed as the prospective provider of of substantial cash flow & profitability in order to fund the development of Auto ,Aviation & Rail.Fleet was an abject disaster & hopefully our new senior management team are ensuring that Plan B works , we have received 2 modest orders re Aviation which provide an exciting bridghead for future growth ,but contract news would be welcome & Ken always refers to Rail being "on track" without any long awaited contracts being announced.Recent trading statements have not been specfic about the state of our finances & as revenue this year is expected to be similar to last & there will no doubt be write offs relating to Fleet, it is fair to assume that we will soon need more funds & we need an end to the uncertainty -which should come with Results next month. If there is to be a placing lets get it out of the way & move forward & thereby end that uncertainty

I am not a fan of buy backs, particularly by very large companies as the SP rarely responds positively & suggests that senior management have run out of ideas to invest for the future of the company.EPS may increase & the PE ratio fall ,but that wont be known until the following years results & it is common for the SP of companies buying back shares to fall.Our SP would have a better chance of increasing if the ordinary dividend was increased further

It will be interesting to know how much of the engineering milestone payments will be receivable before 30th June & whether, therefore,they will increase our revenue in FY19.Following the Fleet debacle last year the last thing Jack & Ken will want to do is over promise & under deliver-although the converse would make very pleasant reading ,eventually.

Shorts have reduced further & the selling pressure has been taken up to some extent by Odey ( in addition to Liberium buy backs ) & the SP is still being hammered demonstrating a complete lack of trust in Plus by The Market.Odey is no fool & we have to assume that he considers the fall to be overdone & sees scope for rapid profits on his purchases via financial instruments.I am sure that the Plus Board are also bemused at the massive fall, particularly as they were buying back a week or so ago for almost double the current SP & they have clearly underestimated how risky Plus is perceived to be.
I sold in Results day ,(for around £11.50) although I would have been much cleverer to have sold the day before.I am not a trader but recognise that one day soon,there may well be a recovery providing the opportunity for short term gain for those of you out there who are traders.

It would be interesting to know the extent to which Fovio will be installed in trucks,lorries etc , at point of manufacture as if the Fleet buyers sign up to our profitable monitoring service our revenues from that source will escalate rapidly which should enhance our value substantially.I appreciate that most of us here are very long & therefore bullish about our prospects but I did expect our SP to react more favourably & I am surprised at the number of small sellers selling at this point for what must be tiny profits ( or losses ) ahead of expected further positive deal news & Results - unless they are insiders who are aware of a placing

Tesla would provide great PR for us & Musk is view is the ultimate techie & if his choice of our tech would be a fantastic endorsement.
Hopefully todays RNS marks the start of a ramp up in positive news ahead of our Results next month -which should improve our Outlook Statement-which is key to our prosperity

Apologies my typos but fat fingers keep missing keys when mobile !If the basis for growth in Fleet is our Fovio chip we should retain it together with the growing(& profitable) revenues from Tucson .Since the Fleet debacle we have a new Chairman,new head of Fleet,new COO ,new FD & new non Exec Director .Interims will be announced next month together with a comprehensive trading & outlook statement .Lets hope its all positive ,a contract or two is announced beforehand & that there will not be a major placing .Hopefully our new senior management team are performing well & the results of their endeavours will soon be known -enabling Sebs to start planning our celebratory gathering !

Frustration with the lack of positive contract news is understandable ,as is our weak SP following the Fleet debacle -& no amount of positive spin will convince me it wasn’t a debacle .Hopefullyvour new business model,business plan ,head of operations & growing monthly subscriptions to our Tucson facility will demonstrate that PlanB is working & we will hopefully hear soon of a substantial deal or 2 with volume truck/coach manufacturers -as thatvus whete tge action will be in Fleet .Positive news on Auto contracts will soon be delivered & Emirates May surprise us with a decent contract .Jacks lack if buying any shares us disappointing & a decent purchase would send a strong message .He only has a small holding in TT Ekectronics which he bought soon after he was appointed .Interestingly TT have issued very few shares over the last 7 years ,probably as they didn’t need to ,maybe Jack prefers not to issue more shares if there are better alternatives.
I remain very optimistic & increased my holding by 25% overcthe last week or so @ under 5p(the last time I added beingnlate last year @ under 4p)
Absolutely very high risk but we must be close to the inflection point & it will be interesting to see where our SP us in 6-9 months
Have a great weekend all !

I appreciate that not all of us would wish to disclose our holdings here but I wonder what our collective holding in SEE may be currently - my guess being 2% +.

I had hoped that Kens presence in The West may have heralded some news as presumably very important decisions are being made in very high places within our target industries which will hopefully result in substantially improved newsflow , of which there has been very little over the last 3/4/months.
Looks like my buying opportunity has emerged (yet) again at under 5p.
have a great weekend all !

I bought a small holding some time ago at 30p+.The $64k question is the extent to which the myriad of signed ( & generally non exclusive ) deals which have been signed over t he last year or two will generate sufficient revenue & profitability to justify our current valuation & then take our valuation to a higher level ,before we are acquired by a global titan.Revenue ramped up in the second half last year but I am not impressed by the rhetoric of 5.8 times revenue of the period when the starting point was very low & what we need now are reliable projections of revenue moving forward - which I appreciate is difficult but we are now almost 3 months into FY19 & we must have a growing monthly run rate which should make reasonable projections very achievable.No doubt more deals will be signed & my decision as to whether or not to increase my holding is whether to take the chance now that OPTI will truly prove to be a Unicorn & enjoy (over time ) a substantial uplift in our SP -or hedge my bet & await more tangible evidence following the publication of the next couple of results announcements - by which time the investment may well be de risked but I will be paying a much higher price.

On a flat day for Markets & , although volume is relatively low, our recovery ( or is it a re rating) continues , for now.
I appreciate that I am a relative newbie having acquired my holding via SKP ( & adding more recently in the 70s) but long term holders here (if there are any left) must be feeling encouraged.It would be a pity to fall to a low ball bid but at least we would be out of our misery .

I made 3 more buys at 4.928 today & they definitely weren't sells

Volume still low & I have continued increasing my holding today at under 5p & , hopefully, the opportunity will not present itself again so I can stop buying !

Results due in April ,by which time the outlook statement for the remainder of FY 2019 should give an indication as to how far we have progressed this year & will hopefully provide evidence that our products are in demand & our business model is working.Our SP may well pause before further substantive news but for those optimists amongst us it may provide an opportunity to increase our holdings further.

Very positive update & despite being an R & D company until recently our capital requirements have been very low.Additionally our new appointment must have done substantial due diligence before accepting & presumably saw a strong future for himself here, despite previously being MD of a company with revenues exceeding $6bill

I presume as we speak our CEO is explaining our position to the brokers/analysts etc & I presume that later this morning revised forecasts for 2019 will be published.Securing licences in Japan, US & other major territories would help improve perception of our prospects but our Board clearly dont expect a material contribution from any new licences which we may sign this year.It will be interesting to see if Odey remains supportive & whether our share buy back will have speeded up today

I agree that we will be down today Taverham-question being by how much.2018 was a fantastic year ,as had been regularly signaled throughout the year -but this year we are being advised to expect profits below expectations & our SP will react accordingly-giving some rationale for the position of shorters-although they would probably have not expected the strong run up in our SP ahead of results.