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Robbiefalcon, I also was intrigued by A8's comment. Here's his direct quote from 11th Nov last year: "Isee, I've not had the pleasure of the test drive yet, been too busy dealing with other things. My 'doubt' revolves around the competition and the deals they have managed to secure. I'm in an odd position where my knowledge of one of our competitors is greater than my knowledge of SEE when it comes to auto deals. I do t want to elaborate probably for at least the next 6 months but be under no illusion that this is not a two horse race.� (ends). So there you have it. Six months is kinda up. Hopefully Alex will soon have some interesting news to share with this board.
Alex, In all my years, I've never heard anyone complain about someone writing an article that was making them more wealthy. Unless, of course... Good luck!
Why would anyone complain about the share price going up? Let's call it: The Safestocks Effect. As sgreen says, this guy has a track record, and I like all the tracks on his record.
Day-Dreaming, Pt 2 Then, of course, we have Fovio (this is the kit we fit to cars). If the thought of the income from Guardian has my family eyeing me curiously as I giggle to myself in a quite corner, then Fovio stops all that hilarity and finds me staring, wide-eyed, at the ceiling, trying to multiply various scenarios of what my shares will be worth when they finally reach �... Once again, if you're new here, you might be asking what's the big deal with Fovio? Well, Fovio is fast approaching a tipping-point. The technology is the best money can buy. Testament to this is its purchase by names like GM, Mercedes and, very recently, BMW. So, in my opinion, the writing's on the wall that pretty soon Driver Monitoring Systems like Fovio are destined to become mainstream. BUT! But just to help us along, there's the good-old Euro NCAP (google it). This fine body of Europeans have already sent us a very clear signal as to where Driver Monitoring is heading, and I'm reckoning on Fovio being front and centre of the dash to qualify for the new five star safety standard . Wasn't it our very own CEO who said not too long ago that Seeing Machines were being paid by most major motor manufacturers to do 'work' for them? Anyway, you, me and even the ship's cat already know what squinteen squillion other investors don't. So when they finally cotton on to the potential here, that's when The Market might finally line up this company in it's cross-hairs and... the crazy world of AIM takes over. Mind you, even if our share price sails past the moon, our brokers will still probably be valuing us somewhere between a dog biscuit and an egg-cup. Oh, and also please note (thank you Morgui) how, this time, I've gotten all the way to the end without even mentioning our YEARS of collaboration with Samsung once! Now, I'm off back to doing multiplication sums on the ceiling. Happy day-dreaming, Sandy
Day-Dreaming. Recent talk of where our share price might go if an approach is made is fair enough, but we also need to be aware of where we're trading: AIM. Sure, our company will be worth x to any potential buyer, but something else that could happen - and could possibly be much more near term - is that our share price could catch a very strong AIM updraught. Now this idea began as an idle day-dream. It was about what might happen if one day the vast majority of the share-buying public suddenly cottoned on to what you and I already know. Of course, what kept deflating this particular bubble was that Seeing Machines has been disappointing so many people for so many years that even I was finding it difficult to take my own little fantasy seriously. But recently, spurred on for obvious BMW reasons, the idea has once again been seeping onto my thoughts. Some of you who've been around the block a few times will no doubt be aware of what can happen to a company's value when it suddenly turns into an AIM darling (no matter how briefly). Earlier, Philtronic mentioned VRS, which is as good a place as any to start. Whatever VRS is worth, The Market will decided in the fullness of time, but just look at the journey its share price has been on. With this sort of disruptive technology, it's impossible to nail down any sort of accurate valuation because it's potential is so mind bogglingly enormous... should/if things eventually work out for the best. Now take a look at Seeing Machines. We've got disruptive technology in spades, but this company is already well down the road to big-time monetisation. You, me, and everyone else aboard the good ship S.M. should already be aware of what we're sitting on here. We all know what Guardian does((newbies, this is what we fit to HGVs); it's relative quick uptake; the potential cost savings to customers; and the enormous potential of supplying a global haulage market - yes, say that again slowly... The-Global-Haulage-Market. Just five minutes research should have you sitting back in your comfy chair, giggling at your own brilliance as an investor (ably assisted by the members of this board), because it's only a matter of time until the income from Guardian alone could launch Seeing Machines into the stratosphere (any newcomers here, check out what Seeing Machines refer to as Safety as a Service - then think very long and very hard about the potential of just this one aspect of the company - best to have a calculator handy). (continued above)
Interesting language from Andrew when referencing the MoU with Botswana Diamonds regarding Zimbabwe: "We thought it was time to revisit old claims." Hmm, Old Claims... wonder what old claim that could be?
Dear Ken, If you'd like to issue an RNS telling the world (and your long-suffering shareholders) how things are shaping up with Samsung, please feel free to do so. Since our company has been working with this world leading global manufacturer of consumer electronics for SEVERAL years, I feel that SURELY during ALL THAT TIME something MUST have happened that's worth REPORTING! Oh, and Ken, if it helps out - Confidentiality Agreements and all that, what about issuing an RNS without mentioning Samsung's name. You could refer to them with something like Giant South Korean Manufacturer of Consumer Electronics - we'll work the rest out for ourselves. Ta very, Sandy.
Thanks for the chart Lewbo. Sooner or later, one day... one day...
Victoria Oil & Gas Plc ("VOG" or "the Company") Bowleven General Meeting Result Victoria Oil & Gas Plc notes the result of the General Meeting of Bowleven plc ("Bowleven"), requisitioned by Crown Ocean Capital P1 Ltd ("COC"), convened in Edinburgh on 14 March 2017 and announced this morning, which has resulted in several changes to the Bowleven board. VOG shareholders are also referred to the joint announcement by VOG and Bowleven on the 6 March 2017 which summarised the Farm-Out Agreement ("Agreement") signed between Victoria Oil & Gas Plc and Euroil Limited, a wholly owned subsidiary of Bowleven. Specifically, as set out in the detail of the conditions precedent to closing of the proposed Farm-Out, it should be noted that only VOG has the option to terminate the Agreement as a result of Bowleven's General Meeting yesterday and resultant changes to its board. VOG continues to look forward to developing the Bomono project with Bowleven and will shortly be in contact with the board of Bowleven in this respect.
Crown Ocean Capital P1 Ltd Re: Result of Bowleven General Meeting Crown Ocean Capital P1 Ltd ("Crown Ocean"), a private investment company, which is the beneficial owner of 22% of the outstanding issued ordinary share capital of Bowleven PLC ("Bowleven" or "the Company"), notes that all but one of the resolutions put by Crown Ocean to the General Meeting of Bowleven shareholders, held yesterday, have been passed. Crown Ocean would like to thank fellow shareholders for the support they have shown for change in leadership and direction at the Company. Shareholders have provided the new board with a clear mandate to implement a new strategy as outlined in Crown Ocean's Open Letter to Bowleven Shareholders of 15 February 2017. Here's a link to the Open Letter (scroll down to Relevant Documents). This reminds up all of Crown Ocean's game plan. http://www.bowleven-generalmeeting.com/
Now seen it. Someone on a fishing expedition, me thinks. Thanks anyway
YoYoY, was there any information which made you believe the rumour may have any substance?
Curious that... three buy tranches of one million shares each (only minutes apart) and the share price never even flinched. Then, as soon as the little guys start buying - guess what? The price goes up! Ever get the feeling that this playing field is a wee bit crooked?
Thank you for the replies phonse47 and Lejogb440. As you rightly point out, phonse47, TPS seem to be on the cusp of great things. That fact alone makes the announcement that management are considering jacking it all in a very curious turn of events (unless, of course, the 'buyer' (see my earlier post) is going to make them all very rich AND keep them in a job after the sale – and if you think this comment is flippant, think about what leaked news made the share price go do-lally last Friday Morning). Another very minor point (I'm splitting hairs here, I know – but, boy, does this niggle), is the title of Friday's RNS: 'Company Strategic Review'. Isn't that a bit grand for what amounted to a statement saying they're thinking of selling the company so now they're having it valued? Does that equate to a Company Strategic Review? Anyway, the Board then go on to tell us they've enlisted the help of Lincon International, presumably in what I assume is their corporate valuation role. So the Board have enlisted the help of Lincon to put a valuation on the company, which makes sense, but then they tell us in the same RNS (oh, I'm not finished splitting hairs just yet), that they might discontinue the valuation at any time! Anyone find this curious? You see, if they've decided to hire some fancy outfit to value the company (and this won't come cheap, remember), why on earth would you then say in the next breath you might stop that very same valuation before it's finished? Do they need to value the company or do they not need to value the company? No, this is all too weird. Friday's RNS sounds more and more like it was cobbled together to get them out of the hole that was Friday mornings information leak. My money's on something very interesting happening at TPS – but if I'm wrong, I'll keep a handy tea-towel nearby... to wipe the egg from my face. P.S. And just before I finish my rant, phonse47, you need to get to bed earlier.
Sorry, made an error, start of story is on the previous entry. CONT: with another scenario: they are, indeed, thinking of selling up, but they already have a very juicy unofficial offer. So, was it leaked news about a juicy unofficial offer for the company that caused Fridays share price to rocket? Or was it leaked news about selling off a loss making company that made the share price rocket? You choose. And last but not least, TPS management are sitting on world class technology, but now, suddenly, they're thinking of giving it all up. Really? This, as mentioned earlier, is only one individual's flight of fancy: trying to piece last Friday's events into a scenario that makes sense. The actual events may well be totally different, and we must remember that AIM is a very fickle market where anything can happen. Time, as they say, will tell. However, your thoughts on these ramblings, ladies and gentlemen, would be greatly appreciated.
Contemplating last Friday morning's share price action, I think we're all aware that prior to Friday afternoon's RNS 'certain parties' had accessed 'certain information' regarding the company, and it was that information, information which made the initial buyers consider the shares a bargain, which caused the price to increase dramatically. But here I want to try and make some sense of Friday morning's events, and what would cause a whole load of people to act in a way, which, on the face of it, defies logic. Because the logic of the situation, where the management of a loss making company, with debt, decide to throw in the towel, surely would cause the share price to head in the opposite direction. Anyway, this is just a (fairly wild) theory, but please stick with me... and counter arguments are very welcome. What if... well, have a look at Friday's share price graph and you'll see the buying begins around 09:45 hrs. What would fit nicely with this timing is the end of an 'emergency' management meeting at TPS, where something very important was discussed and then that information was subsequently leaked. So how does leaked news of the potential sale of a loss making company suddenly provoke people who are now 'in-the-know' to rush out and start buying that company's shares? Well, back to my imagined management meeting on Friday morning. What if that meeting wasn't about management contemplating a potential sale of the company; what if we change that slightly, perhaps to something like management responding to an unofficial approach from a very wealthy buyer who needs and wants TPS' technology? (note: the company could still refer to this, accurately, in an RNS later in the day as a potential sale of the company). News like that would put a whole different spin on things, would in not? That sort of news might even make one or two people who were 'in-the-know' rush out and buy TPS shares, possibly. You see, if any bad news from the 'meeting' leaked and you discovered your company was to be sold, under normal circumstances your first thought might be: “Will I still have a job this time next month.” So the staff (or anybody else with a whiff of news of that sort) were not about to run around buying the companies shares... but... But if you change that leaked information from a down-beat: “We're thinking of selling up,” to an up-beat: “There's a very big buyer circling overhead and they want the whole kit-and-caboodle,” suddenly everyone's wearing a huge smile; fear for job security goes straight out the window; and is replaced with the idea that buying some TPS shares might be a good idea. Friday's share price action then continues and a panic RNS is forced early afternoon to cover management over something like disclosure rules. The company informs us they are contemplating the sale of the company (their Strategic Review scenario) but that also fits beautifully (no lies told)
Interestingly, last Thursday a very large American company was reported to be aiming to launch an electric car by 2020 (car manufacture is not its core business, and a new car launch by 2020 is stretching the reports credibility). However, the only way such a company can move quickly into such an arena is by acquiring companies with leading edge technology. Is it possible the technology of companies like Ilika and TPS could be of interest?
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...had a wander through a few earlier RNS releases... Can anyone spot a trend? 16/06/14: Small purchase of shares by Director. 18/06/14: Small purchase of shares by Director. 04/08/14: Queensland Australia – Framework Agreement. Ten suppliers, only Cloudbuy offer spend analysis. 12/08/14: Contract Win: An Australian State Government (now have a look at the 'potential' revenue and the last sentence of Ronald Duncan's statement). 18/08/14: Partners with DUC Consulting (Middle East & North Africa). 19/08/14: Approved Supplier to UK Government Local Authority Software Application framework (second paragraph – quite interesting). 15/09/14: Contract Win: Visa (Asia Pacific) extends contract to five years (interesting that Visa are choosing to partner with Cloudbuy). 30/09/14: Contract Win: India (now go and read the last two sentences of the second paragraph of the RNS). 02/10/14: Contract Win: Global Financial Institution, Hong Kong From the latest RNS... “...and commenced the translation of our system into simplified and traditional Chinese in order to address the wider Chinese market.” And now, without pausing for breath, Ronald Duncan's getting ready to have a go at the Chinese market. Hmm... wonder how big that is? Re the question posed earlier: have you spotted that trend?
Thinking: yesterday's big buy has sparked imaginations. There was also a wee flurry of activity immediately after it, so it definitely got the attention of several punters.