Member Info for OldFool13

Federated Hermes have sold a few.
Company website says they hold 10.58% as of 1st December
RNS says they hold 9.98% as of 15th February

I am intreged by the Volvo story, and this article ups my interest more. Against Safestocks assertion I have Polestar and still Volvo as a SEYE win, as their DMS hardware is different to how we have seen SEE hardware appearing. SEE cannot win every manufacturer and the future is very interesting. Thanks for posting Terry.

Why couldn't Redeye be correct that it is VW? When I used to work in the Computer trade, the interior components were always dual sourced, the best components went into the Top and mid ranges and a secondary brand into the lower end. The lower end was always aimed at budget and margins were ridiculously thin, it helps keeps the profile high on the classy ranges while not abandoning the low end models. I strongly expect Car manufacturers to do the same, the trick is to be chosen for the mid range models as that is where the money is.

I am happy with the ratio of win value if it is VW, and if it is Stellantis, then please note Paul expects to win just 30%, optimistic about 40% and hinted at 50% while others have suggested 70% market share. That means the competitors will win at the very least 30%.

Sadly this has been intelligently deramped by some people at a time the company seem unwilling to big up their acheivements (I wonder why?) and all in a nervous general market. I stand by my speculation about the company RFQ's but I still hold and still have high expectations within 10 months.

Brock back to posts earlier today. Sorry but why not post your observations when the price was higher? Timing is everything, and posting a negative view in a bad week still looks like only one reason.

Then reading your post from 9.24 today. I understand what you are saying and partially agree but I would counter that you are giving the market no credit for anticipation. The market loves to anticipate sucess and the example I would quote is ITM. They have a great product and at one point were valued at 3-4 Billion and without significant sales, which is now dragging the price back (and will go much further). Their bloated SP was almost entirely anticipation and in a hot sector.

If SEE actually started blowing their own trumpet properly you really think this price is justified? A$ 7 mil contract value for GM, really? Ford, A$50 mil, is dwarfed by a more realistic VW announcement because Magna led the way .... The real story is buried a bit, but it cannot stay buried.

isb1974, in the FY result Paul said this: "The Aftermarket business is thriving under the new leadership of Max". This suggests that this area is growing, so I expect great results despite Covid. If not it severly undermines Pauls credibility and I really doubt that will come to pass.

Brock, I enjoyed reading your recent posts, if posted when the SP was 11-12p it could be judged to be words of wisdom. Posted when the SP is at 9p it looks like just another attempt to undermine holders willpower. Personally I welcome cautious posts, they moderate the other extreme, but when timed to chime in with less intelligent sell, sell, sell posts it concerns me as to its intention.

My best guess will be that in your period B, Australia has had a massive Covid spike. I thought they had a reputation for applying lockdowns very harshly, that would supress the mileage.

The HYTU should pecifically address Fleet. Max Verbone has been in the post for 1 year on 1st February and a specific update on how that appointment has effected SEE is likely. In the RNS one year ago was this specific "Accelerating installations and increased sales of Guardian is a key component of the success of the Seeing Machines business overall and the Company remains focused on building the strength of the Fleet business."

There was a clue in the FY presentation, "The Aftermarket business is thriving under the new leadership of Max". Thriving = improving or growing so I am hoping to see Fleet growing at a better rate despite Covid. I anticipate good numbers.

Lewbo
Yes, that is my thought, so perhaps you guys need to rethink that strategy a bit. It is one of the main reasons I won't join the Telegram group. It is self defeating IMO

I am pretty dissapointed with the SP revisiting the 9's but not with SEE's performance (except PR) as the newsflow since December is pretty spectacular. The SP bewilders me, as we can see the greatness of what has been acheived. But put yourself as a non SEE PI, what visibility do they have of the coming greatness? The RNS's from SEE are really quite factual and hardly full of enticement. Visit this BB on a news release day, the response from holders is "Meh" and actually is riddled with holders far too happy to nitpick the negatives than to sound enthusiastic. We actaully need a "Alex8" character reposting. (didn't think I would say that ever)

SEE have been marketting themselves in America at 10p and sold many in the recent fundraise at 11p so I assume Paul will feel a bit of pressure to correct the recent SP move. With better PR he can do this firming up on some of the concerns raised in the posts below.

We also await Max Verberne impact. Paul has already said "The Aftermarket business is thriving under the new leadership of Max" so perhaps we will see a big rise in Fleet sales.

Seeing 2030, your comment that flow from licencing deals is not until 2024 is wrong, the December RNS stated OEM royalty license revenue of A$2.3m (from 120,000 cars on the road) . Trouble is this was buried away in the text whereas it could have been shouted about a lot more. (more subdued SEE PR)

I still don't envisage earthbreaking Auto news until FY end, but I seem to be a lone voice with this opinion, I hope I am wrong. I have real hopes on Fleet and that the company can deliver their own PF better.

Not really, Q1 7th May, Q2 22nd July, Q3 8th October. Probably waiting to complete hedge.

What is SP target price for Paul personal bonus, I know it was circa 15p for 2024? I was rocked when this was first announced, why so low? In my theory he negotiated his bonus around market share and atrategy to get to that goal, why would the BoD agree to such a figure if it was not fully bought into Pauls vision and reasoning. McGlone has proved to be extremely capable so far and he is not a man to turn out to be a loser. A high SP for shares held only benefits employees when its time to sell, noone gains from that being 2023.

BTW it was Month not Moths :-)

The following sounds negative, but it’s how I currently feel about SEE, sounds like I have sold out, but I have not.

Sorry but Stifel are doing what SEE want, and SEE have proven they are totally uninterested in PR (proven in every RNS) and pretty uninterested in Share Price, and why should they be? As long as targets are met for undeniably low bonus schemes everyone is happy, except PI's. The only reason why SEE would want a higher SP is to maximise price via a bid, which does not seem likely any time soon. Pauls stubborn refusal to update the market on GM etc likely cashflow frustrates me and I assume the broader market and the low reaction from the market to some pretty amazing RNS's in the last couple of months bears this out.

My own personal take on their strategy will be in shareholders interest one day, and LTH will get their paydays they expect but for now the market cannot get the visibility it wants to push this higher. This company needs a shark circling to liven up their SP malaise.

However my year end target remains the same, and I personally believe Paul has told us that target date because when he finally nails the majority of available RFQ’s and the reveals the full picture at the end of this financial year we will all be happy. This is only 10 moths away!

Thank for the confirmation ..... nearly 10 years this February says my Crystal ball :-). Your opinions have always been noteworthy, but I do hope you are wrong this time. I am fond of low expectiations and high hopes in normal life so your methodology is of interest.

s2020, I am fairly sure who ADVFN glandore is and I think I am correct in saying he has been a LTH for 8+years and if it is who I think it is, I have repect for his view, just not his calcs on this ocasion. My question was genuine though, if his 12 month target is so low, why stay invested?

Personally I have much higher hopes for 12 months. I cannot prove any of it in calculations and much of it is finger in the air stuff but based on previous market examples. The newsflow since last month, the undisclosed revenue streams not fully announced by RNS, real market share, and one day the company becoming "sexy" are undefinable multiples of todays SP.

I don't get why you are invested then glandore, such a pessimistic view and a low expectation on SP, why hold SEE? I am not arguing against your figures, I just cannot see the economic case for staying invested here.

At least you are displaying the same hope as I feel, I was going to upgrade my own target but mindful of what I am missing. The level of lackadaisical response from holders to a string of great news has left me bemused. No wonder the SP is dithering below 12p, our own PI's (not all) are just Meh!

Until Close of Trading, today, entries so far in the “just for fun” price prediction for 30th Dec 2022.

13.6p - Baxter1 - spike 16.5p
14p - isb1974 – spike 14.5p
14.8p - glandore - spike. 15.6p
15p - UrbanSpaceman - spike 18.5p
15p - bonzoful - spike 17p
16.5p - Monkshood - spike 20.5p
17p – Jins - spike 23p
17.8p - pv72 - spike 25p
18p - Chris100 - spike 20p
18.5p - Brockwl - spike 21p
18.7p - shallwe - spike 23.9p
19p - Gazzasw44 – spike 23p
20p – Zequic – spike 23p
21p - soulboy - spike 29p
22p - W13Ken - spike 24.6p
22p – Flutterbutternut – spike 26p
22.5p – Visor – spike 29.5p
23p - sportraider1 – spike 28p
24p - Almagest - spike 31p
25p - sn1234 - spike 30p
25p - MrBB - spike 35p
25p - Seeing2030 - spike 29p
26p - 4foxache - spike 29p
27p – oatcake - spike 34p
28p - pm444 - spike 32p
28p - Mine4heartofgold – spike 33p
28p - Giraffe4444 - spike 44p
29p - Ratboy1971 - spike 42p
29.5p – paulgold - spike 35p.
30p – theneedforspeed – spike 35p
30p – Chairboy – spike 36p
34p - Numptypi - 40p spike
36.7p - Oldfool13 - spike 43.4p
37p - Teamin - spike 41p
38p - terrym - spike 54p
39p – DRUSS – spike 57p
40p – RossC – spike 44p
40p - Matml74 – spike 50p
40.6p - Klick - spike 47.4p
42p – Bauchsapt – spike 51p
42p – paulpingles – spike 56p
45p - SEEuJIMMY - spike 60p
46p - Lostinfrance - spike 53p
49p - modestguy - spike 56p
56p - BlueSquirrel16 - spike 56p
60p – Aljess – spike 80p
60p - Lewbo18 – spike 80p
65p - buffettology - spike 75p
86p - Boydolin - spike 95p
100p - Seeing-2020 - spike 100p
100p - UpDownWeGo - spike 120p
100p – jazzindahouse – spike 150p
122p – Redindi – spike 122p
240p - Wilson63 – 240p
300p - SEEROCKET2022 - spike 600p

oz1955 can you clarify your prediction in line with the above please.

phil., from that article. "The Ultra Cruise technology will be deployed in the Cadillac Celestiq and other platforms starting in 2023. "

I wonder if this will generate some enthusiasm into jaded PI's?