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This morning, in an effort to find the answer to a question, I was searching for a past video interview with Ken Kroeger - but failed to find it. However, one of the many Proactive Investor videos I did stumble across (see link below) dated back to 28th November 2014, and it may go some way to explaining why, after all these years, our share price is still at these levels.
In the last question posed by the interviewer, Mr Kroeger is asked, "What will it take to trigger a movement in the share price?"
Mr. Kroeger's response is telling. He replies, without missing a beat, "You'll have to ask the investors that because that's out of our control."
So with Mr. Kroeger's response in mind, as our share price drifted from 14p down to sub 3p, who was best placed to counter that collapse, Mr. Kroeger or you and me?
Now, bear with me as I direct you towards AIM Rules regarding Disclosure of Price Sensitive Information, one of which states companies should comment on any change in Expectation of Performance.
Now think about Super Cruise being expanded into more Cadillac models. What about General Motors' intention to then roll Super Cruise out across their whole vehicle range? Could that extra business affect our Expectation of Performance? Also, given the combined effects of the impending EU regulations and the looming Euro Ncap requirements, would there not be a high probability that any of the other manufacturers we've already signed up may well do the same as GM? All of the above have the potential to make a significant change in our Expectation of Performance, and any such change is something which should be communicated to The Market in a timely manner. But what did we get? Secondhand news via the internet.
Mr. Kroeger's statement made way back in 2014 is testament to his lack of understanding as to how the AIM game is played. Given our potential, there are CEOs out there who could have our share price orbiting the moon (Mike McAuliffe?) Just look at us: the names we've already signed up; the legislation heading our way; our world leading technology; and we have a share price similar to a one-shot junior oily who's just drilled a dry hole!
However (now, calm down dear), all that is now in the past. So that next RNS, Mr Paul McGlone, could it please arrive tooled up with everything it needs to start dragging us back up that price curve? And could it also be penned by a best-selling thriller writer whose brief is to tell our story with a bit more gusto and reveal the true potential of this company? And please do not - DO NOT - allow the office bloody junior (or anyone else who had 'a go' at penning our previous news releases) anywhere near the RNS stationery cupboard ever again!
Good fortune to all,
(a bit grumpy today) Sandy
https://www.youtube.com/watch?v=4kAZyW5FUJA
Over the past few weeks there have been a number of voices wishing they'd sold a year ago when we were in double digits. That's all well and good - BUT...
Imagine you, a seller, were very, very lucky and just happened to time your 'out' perfectly. But now you're sitting on a big pile of cash hoping like hell an RNS (or two) doesn't splash down announcing the next OEM wins. Luckily (for the seller) that doesn't happen... BUT... with all the news that we then believed was hurtling our way, the pressure to buy back in is muck-fuddling our seller's brain.
So, as the price begins to drop, when does he start to buy again: 10p, 9p, or if he'd really held his nerve, 6p? You see, way back then, I doubt if any of us imagined the price would drop all the way back to under 3p.
So if our seller had sold out at a large profit, the only way to hold on to his gain was to shut up shop and walk away. But I repeat, anyone who had even a basic understanding of this company - with all the impending results from the RFQs that 'were' due-- would find it difficult not to jump back in way above where the price eventually settled.
So if you had been a seller, where would that have left you? My guess, for long term holders, is your average would be a 'bit' higher than it is now (even if you'd only sold a percentage of your holding). And as the price dropped then kept on dropping, you'd probably have been obliged to start playing that age-old game of 'Averaging Down'. So all that profit may well have ended up back here but at a higher average! Then you could savour the delights of watching the price sink into the murk and disappear out of sight.
So maybe, just maybe, if you didn't sell up, you're not in such a bad position after all. And as the mood here begins to lift and management appear to be taking a firmer grip on marketing the company (oh, please!), being a Seeing Machines shareholder might not be such a bad idea after all. And, if anyone was brave enough to buy more shares at the recent lows ;) - their average might even be a wee bit lower than before.
Anyway, my perception of where we are now is - this 'Thing' has legs, and I hope and believe our top brass have been drawn a very clear picture by our institutional shareholders (re - Ken's departure), and now understand they need to be much more aggressive in promoting the company. So whatever happens in the very near future, one thing's for sure - the tone and wording of our next 'good news' RNS will tell us a lot more than just good news.
Good fortune to all,
Sandy.
It's interesting how some companies can big-up their OEM wins, while Seeing Machines... seem reluctant (up until now?).
Here's an RNS from Surface Transforms which was issued today (they manufacture ceramic disc brakes for top-end cars). Check out paragraph 4.
That, dear Seeing Machines management, is how to do it!
https://www.investegate.co.uk/surface-transforms/sce/contract-award-from-german-oem-5/201907160700035991F/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Surface%20Transforms%20Alert
If the link doesn't work just search SCE on this website.
The Longest Shot,
Terry's spot on. All those 3.6p trades since 14:15 hrs have been buys.
Sorry, John. Our busy time here, hence my slap-dash approach. I know you've been grafting on this one. Many thanks.
Sandy.
Well, look at what has become of us? The mud slinging season is well and truly here.Guys, we are where we are. None of the research Lewbo, Seeing 2020, Terry et al have posted here is incorrect. What they post is the result of them (and others - sorry folks) being all over this company. I am delighted they are here and are willing to forensically examining every morsel of information that's out there. So to them (and the others), a big thank you (Seeing's £3 number? I hear his frustration - but like it all the same).Now, as for the concerns of Steve, Baxter etc, I also get your anxieties, because I share them too. Some may see it as odd that a company who are leaders in a technology on the cusp of revolutionising vehicle safety can be doing so poorly. It's also unheard of to find a management team who are (have been?) so reluctant to shout our story loud and clear within the news they release. I am now of the opinion - strange as it sounds - that they don't actually understand the sort of 'music' The Market needs to hear. Whether it's a cultural thing Down Under or just some internal dogma that stops them biging up the company - I'm at a loss. But this technology is coming - big time; it's Seeing Machines' reluctance to get to grips with their PR that's causing the pain.But remember the research you and others have carried out, not forgetting the legislation pointing in our direction. And all that comes to you for the princely sum of 3p! So, can I ask everyone to return to their respective corners and take a few deep breaths.Please remember, nothing is gained by throwing the smelly stuff at each other. Should this all go horribly wrong I will blame no one but myself; should this all turn out peachy... boy, will I be unbearable!I wish good fortune to all,Sandy.
Wilson,
Mr Market believes a sudden loss of management is a bad thing (and instinctively drops the share price). However, under certain circumstances the opposite is true, and today's news was one of those 'certain circumstances'. What The Market does not understand is - exactly what we do understand.
I am one of those who believe today’s news is a watershed moment. We may now see the company sound its direction of travel, achievements and potential income in a much more robust manner.
This is now getting very interesting.
Good luck to all.
P.S. Did Mr Market interpreted today’s news correctly? Two words: Bounce. Volume.
Mr Market is dragging the price down, but he doesn't realise how positive Ken's removal is for Seeing Machines. Hopefully this wily put and end to the under-selling of the company at each RNS event.
The King is Dead. Long Live the King!
Blustington,
For anyone to sell at a 'premium to the punters' there has to be punters willing to buy at a premium. Those same punters could have bought at 3p, so what we're seeing here is a price rise that's news driven. So this morning's RNS... is sinking in.
Changing tack a bit, could it be that lots of folk are now standing so close to the Seeing Machines road map they can no longer see the Ncap and EU signposts? Remember, we're here at a time just before DMS is deemed compulsory. So lie back and think of a not too distant future when every car, van, truck, bus etc has a Driver Monitoring Ssystem fitted. That, my friends, is a market so big it brings me out in a nervous sweat just thinking about it.
Now, those 3p placing shares: wasted money or a bargain?
Best to all,
Sandy.
Numpty,
You sound really hacked off, so, a story... a real one this time...
Late last year our son and my wife headed - yet again - down to Great Ormond Street Childrens' Hospital. Our son - yet again - was in for some fairly 'interesting' surgery.
Well, the surgeon's plan was for them to be in hospital for three weeks. But sod's law being what it is, the three week plan - didn't quite go to plan, and they were down in London for over two months. That was an interesting two months; a gut knotted, edge of seat, barely daring to breathe two months.
But during that time it was interesting to observe how my priorities had changed, and something once perceived as incredibly important (the price of shares) suddenly became a great deal less important. I would have given up everything in an instant (yes, even my Seeing Machines investment) to get the family back home safely.
I tell you this because, although I obviously don't know your current circumstances, if you and yours are hale and hearty, there's not a lot in life that can't be fixed.
Anyway, here's the deal: at the Seeing Machines 50p party, you can buy me - and everybody else - a pint (because I'm a tight Jock - and, now that all's well at home again - finger's crossed - I've reverted to type!).
Best wishes,
Sandy.
Seeing 2020,
If I may add to your list... and all for only three pence per share!
Roi78,
No is the answer to your question. Try The Bushveld Perspective
Hello Folks,
It's at times like this when 'normal beings' become very twitchy; there's that 'will I - won't I' thing going on inside our heads.
Now I'm a raving Seeing Machines addict. However, this last wee while I've been trying very hard to stop calling Ken & Co all the names under the sun. Our tech is brilliant, but for some time now management's delivery has only served to inflate a huge question mark over my Seeing Machines share-holding.
Now, a wee bit of personal history which may echo where we are right now with SEE. Before the share price of BMN took off (I'll be brief), great things were about to happen - or so we thought. In 2016 the shares were suspended and we were all guessing what the readmittance price would be: 3P, 4p, 5p! We were guessing at these prices because we knew what we were sitting on (sound familiar?) The shares were readmitted at 1.5p (if memory serves). You can imagine the mood of the bulletin board. But that was the price management could get, and so they did what management had to do to access funds, and PIs did what they always do, so - sick grins all around. Then things began to come together for BMN, and the rest, as they say, is history.
So what about Seeing Machines. Jeez, for how long have we been saying we're almost there? And here we are again at the bottom of yet another cliff face. Well, as with BMN, it's at times like these when our metal is tested. Do we believe our own research? Do we examine the incredibly long list of reasons for investing here? Do we think we're on the very cusp of DMS being fitted to a great many vehicles in the near future? And remember, that market - our addressable market - is bloody enormous!
Despite Ken and Co's annoying habit of shooting the company in the foot, I'm sticking with it. We're too close now. Good God, we'll soon even have legislation in our favour (so what the hell are we still doing farting around at 3p?). So, yes, I'm a bit twitchy about where we're at, but times like these can offer a chance to make a great deal of money.
You're already familiar with the acronym DYOR. Well - have another look at your own research on Seeing Machines. It should make very interesting reading.
Good luck to all.
Mr BB,
Are you expecting too much? I hope not. The cards we've been dealt lately should mean we're overdue a few aces.
However, I am encouraged by both the Proactive interview and even more so by sgreen's news. Let's all hope that Ken has got the message in that there's nothing wrong with adding a wee pinch of positive spin to his news. Speaking of which, check out the very last item in this extract from the AIM rulebook. I wonder if Ken's ever read of this stuff.
General disclosure of price sensitive information.
11. An AIM company must issue notification without delay of any new developments which are not public knowledge which, if made public, would be likely to lead to a significant movement in the price of its AIM securities. By way of example, this may include matters concerning a change in:
its financial condition
its sphere of activity
the performance of its business
its EXPECTATION OF ITS PERFORMANCE (my caps).
Sgreen,
Thank you for sharing - lovely stuff.
With regards to the quote: "We're working on a fleet update, but awaiting a few outcomes that we'd like to share." This may hopefully point to at least one imminent good news RNS.
The "we'd like to share," part also hints at information the company already has on these 'outcomes' but contract/s are yet to be rubber stamped. Having such knowledge would also bar anyone privy to such information from buying shares until the news is officially released.
Good luck to all.
Ken's share performance award is like a distracted driver crashing a bus then charging the owners to tow the wreckage away.
John,
The problem I have with the Safestocks article informing us how switched-on our management are (and the logic of that particular argument would be difficult to counter) is that very same management's complete inability to convey the incredible potential of this company when it comes to issuing a simple RNS.
How can they on one hand be super-slick operators then, in the blink of an eye, regularly cause me to spray my porridge all over the breakfast table?
Time, as they say, will tell.
For anyone new looking in, just to clarify the importance of Beef's post (see below), this refers to his visit to Seeing Machines HQ, where he was given a guided tour. Now, the camera he held in his hands during his visit is seen here fitted in a Lexus, Toyota's premium brand.
That'll do for me Beef!
If it's good enough for Nick...
Just had a £5000 top up.
Good luck to all!
P.S. ... and remember: BMW, Mercedes, Ford, FCA, Cadillac (all models) etc, etc... can someone remind me why they bought our kit?
Fonzoo,
Very early this morning I read your post from last night. You hit the nail on the head.
Why-oh-why is Ken quoting we'll break even in four years' time when the size and potential growth in this market is huge. Are we to believe that not one single extra dollar of revenue will be generated from now until then?
Once again (the three pence hilarity aside), we're served up another 'shoot-yourself-in-the-foot' RNS.
I'm a firm believer in our technology, but our management, well... they leave me bemused.
Good luck to all.
Caught myself earlier thinking a buy price of 5.2p qualified for a well deserved, "Waow!" (then I got a grip). So what will I be like when we set off for 'Infinity and Beyond?'
P.S. I'm guessing even Buzz Lightyear is fitted with our kit... and STILL nothing from Ken!