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Cup between June and October, handle starting now. I'm not particularly in love with charting, but seen this posted many times before and seen it as a good predictor.
What is it? I understand it as being a falling SP hitting a low, steadily supported and starting to rise with a failed breakout (not enough news to propel further) thus forming the cup, then SP retraces a bit starting the handle. To finish the handle news is needed, then a breakout to the upside occurs but needs t be news driven. Anyone suggest where this might come from? Anyone suggest what "pipeline" will propel this?
What is to gain by releasing an RNS? Apart from the legality, what do they gain? In an interview ages ago PM was adamant that manufacturers would not let any one company dominate the market. I have long felt that this factor dominates SEE's reluctance to release news. It seems to me that SEE are very much in a dominant position (I hope I am right) but it is to their advantage to not be in a hurry prior to companies making the decisions on who will supply DMS.
I have speculated for a long while that November/December will be decision time on that pipeline and at a certain time the shackles will come off because it will be too late for the manufacturers to make alternative arrangements. To me the low size of the published GM contract speaks volumes. I hope that when this pipeline news is finally released that SEE can actually do some real PR and update the market properly on what has been won.
Yes but I tend to feel the SP is rising on the back of the last RNS which really should have seen us back up if it was not for that cursed seller. More room to increase further without RNS's as appetite is there and it would not surprise me to see a very large buy (after close) that has been worked this week. The SP seems to have risen very easily against a backdrop of persistent sells.
Well the slides were NOT great IMO, no harm in saying something like that.
Do I need a professional Slide maker, no? Or do I need a CEO to position the company for fantastic growth and able to speak coherently to an audience? :-)
Anyone have a smidgeon of an idea what is going on?
Obviously we have a seller(s) dragging us back that seems to have been selling in rounded 100,000 trades the last couple of weeks that has dragged us back from a RNS that should have seen us +30% from where we are now. Now WTF is going on today?
Today we have seen 2 more big sells totalling 44 million at 6.10 then within 13 minutes the SP reverses and goes into positive territory. Is it possible to withold buying trades from the market? I thought this could be done off book and declared after hours, but declaring both buy and sells!
The sudden mini rise could be the seller cleared? Any level 2 people here?
The company will not clarify any price affecting information at that meeting. At best you might get a nod or a wink, which can be extremely misleading. The best any meeting can achieve is to let the CEO the depth of frustration at the current SP and nail him on the reasons for the disparity of information of what is known and what we think has been agreed. I will not attend, not out of disinterest but a reality that nothing will be achieved.
I am of the opinion that the lack of newsflow is completely in line with SEE's aspirations. Keeping market domination out of the limelight and under wraps until more contracts can be secured, re-read Pauls own commentry from a couple years ago. Long term this in all our interests as this news will be released when new cars start hitting the road.
BTW I guess you are referring to the Shares interview?
Https://www.sharesmagazine.co.uk/video/seeing-machines-see-paul-mcglone-ceo?utm_content=221871875&utm_medium=social&utm_source=facebook&hss_channel=fbp-155747097788444
Sadly it does not address the thorny issue of Money, where can new investors find this key information? Those of us invested here can see the prospects, the improving percentages, the increasing likeliness of being the dominant provider and that's why we are buyers. In todays market non profitability is being punished in SP.
I agree with a recent poster that said asked the question of why would SEE want to use PR? The value of not being seen to be market leader is completely misunderstood by many. Go back and listen to Paul's commentary about how the Manufacturers will not allow any one company to dominate the DMS market. The current SP is not really important to SEE but having Manufacturers second guessing another interior software is massive. This autumn will show far more then I expect SEE to ramp up PR, not before. Suck it up people time is against a low SP.
21.2 is my average, but I have a 10% deficit for selling out at 27p!
My guess is that has is an accumulated buy with a collection of sells being scooped up at prices upto 5.46. Then when printed it just happened the last trade fulfilling the order was at 5.46. All ears to any knowledgeable pesron here.
So you are complaining about the SP when it was your investment decision that was wrong then! My decision was wrong to buy and hold as well, if only I had a crystal ball, it would have revealed quite some dilution (I should have seen that coming), a very slow business take up (again I really ought to have have researched better to understand how slow Manufacturers are) and Samsung was always a bit of a long shot.
Cannot really see what the company could have done better or faster really. The business is driven by contracts long in the accepting and signing and big in the proving of the Tech. SEE seem to have maneuvered into a suspected strong position for 12 months time (we'll see) so what is there to continually moan about apart from my own bad timing and acceptance I could / should have traded the prices along the way.
I suppose I could complain about the PR, the rest is all my decisions.