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Usually, the reactions of investors to an under performing (or worse) share price will split into two categories: those who jump ship; and those who stick/average down/cross fingers/hide under the stairs. But under certain circumstances a third group can emerge. These are the few who believe The Market's current valuation of their chosen investment is an aberration.
As a general rule, I'm all for jumping ship when things go bad (much easier said than done). This strategy has cost plenty over the years, but has also avoided some even bigger loses. However, when The Market appears to be acting irrationally (and Private Frazer turns up on the board shouting, “We're all doomed!”) perhaps reflecting on hard facts might help avoid expensive mistakes. So sometimes – sometimes - an exception to a rule might be in order.
My most recent (and very rare) exception was with i3e, a UK based oil exploration company (I'll get back to SEE in a bit). I3e were drilling in the North Sea. The drill wasn't too far from their recent (back then) big discovery, Serenity, so the risk of this latest drill being a duster was 'obviously' minimal (that 'obviously' is why I don't do oilys). So they drilled the hole and – oops!
Now, talk about a rock and a hard place! i3e were already sitting on a huge discovery but the share price had crashed. Hard on the heels of this (long story short) in the middle of 2020 the company bought a Canadian oil producing asset for pennies on the dollar. I took a deep breath and averaged down, reducing my 33p average to 12p. The share price recovered – and suddenly my disastrous punt was making money! Some months later, i3e even began paying a dividend.
Now here's the thing... the only reason I stuck with my oily was because the facts and the underlying story were too good to ignore. At that time, a company with so much potential being priced around 4p was utter lunacy. Here they were, sitting on a significant North Sea discovery with Canadian production they'd acquired for pennies, and The Market valuation was, frankly, nonsense.
So what's the above story got to do with Seeing Machines? Well here's where I've broken my own rule again. Just like i3e, Seeing Machines' lowly share price doesn't make sense. The company's technology is in a class of its own. Proof of its prowess is evidenced by the multiple global customers buying, licensing, and integrating it into their own brands. In doing so they are firmly nailing their reputations to Seeing Machines' expertise. So either each and every one of our global partners has got their assessment of this company horribly wrong, or The Market's current valuation is wrong.
Now pause and consider this: with global industry players eagerly endorsing Seeing Machines, is this a time to jump ship, hide under the stairs, or is 5p a bit of a bargain?
... a Buy Order at 5p
HAGD
Welcome back. However, if only half the untruths on here aren't true - we're all off to the races!
S2020
Something I've never seen before: a Cluster Post. Thank you for your work. It's good to remind all onboard of what's building here.
As for Terry, I'd like to start a rumour: in a past life he was a bloodhound - probably.
Although been gone a long time, I'm glad I dropped in and saw your news today Pdub
It's interesting to observe what's happening with Optibiotics (opti) this morning after the release of a stunning RNS. The company is working with household industry names such as Kellogg, Nestle and Coca Cola. They also confirm manufacturing agreements with global players for their unique technology....
Any of that sound familiar?
One day... one day...
A few months back, I developed symptoms that led me to believe my life would be cut short. I arrived at this conclusion because as well as being an expert in almost every subject known to man, after several hours of Googling, I was now also a fully fledged medical practitioner. All me and my GP then had to do was live with my self-diagnosis until a hospital appointment arrived (a bit like a five-year-old waiting for Christmas - but without the excitement or the enthusiasm). Then, appointment day arrived. I headed to hospital and spoke to a doctor. This guy must have been Goolging for longer than me, because he apparently he knew more about my condition than I did.
Anyway, I sat there telling this 'oh-so-smart' consultant-type how my symptoms meant only one thing, when he leaned forward (his face wearing an expression I couldn't quite fathom), and laughed! “You've a reactive lymph node. I've seen loads of these since (wait for it) the Covid vaccine.
So, the weeks I hid my 'imminent death' from everyone was a sobering time and, with hind sight, hilarious. But it got me thinking about life's priorities (again). And this highlighted the odd stuff one's brain can prioritise at times like these. For instance, I'd recently fitted a new kitchen, top to bottom, and it was during this time I learned that with the promise of a whole new kitchen dangled before my wife (including hob, sink and appliances) I had free rein to buy ANY Makita 18v power tool my heart desired.
“You see, love of my life, to cut that worktop to size I need a Makita 18v circular saw.” And the 18v Makita circular saw was mine!
“You see, sweet thing, to cut the hole in the worktops for the new hob and new sink I'll need an 18v Makita jigsaw.” And the 18v Makita jigsaw was mine!
“You see, honey, to cut and shape all those new wall tiles - exactly, I'll need an 18v Makita grinder (with the appropriate diamond cutting discs).” And the 18v Makita grinder, plus discs, were mine!
Oh, and after the kitchen there was the new back door to fit. It needed a bit of routering to set in the three point locking system. Now guess which other new Makita power tool is also living in the cupboard under the stairs? Oh, how my heart sings every time I open that door and gaze upon all those neatly stacked blue cases.
And this is what caught me on-the-hop: this unknown obsession, triggered by either my handyman gene – or the threat of death. The thought of losing my new toys so soon after getting them was right up there, high on my unconscious list of priorities. Of course, there were other things I'd miss, too. Like the dog; my favourite woodworking magazine; all the other 18v Makita tools I hadn't yet got my hands on; and some of my family.
Strangely, the thing that never entered my head during this time was Paul McGlone's shareholding – free or otherwise.
P.S. Perspective: the faculty of seeing all relevant data in a meaningful relationship
There are quite a few members on this board who have been here many years; ten plus in some cases. Some folks will tell you that's one of the signs of what's often referred to as Conformation Bias, and they could be right – in some cases. Conformation bias, for those unaware, is a bit like a situation where you're about to cross a busy road. You realise the danger of being hit by a bus, so you 'confirm' there is no bus coming. Now you step off the kerb - and get hit by a car.
In the case of Seeing Machines, our particular street is devoid of cars - and buses - and trucks (although, ironically, streets filled with these things will ultimately be good for us). So the chances of being financially mown down on this particular road are minimal. And that's because anything that was a danger is now long past. How do I know this? The answer's simple.
If you are new here (and even if you're not), take a look at the first page of Seeing Machines' RNS releases. You will see it's populated, top to bottom, with management and institutional buys. Search a bit deeper and you'll also find tie-ups with some of the world's biggest tech companies – the latest one, of course, being our recent deal with Collins Aerospace (I can't emphasise strongly enough the significance of this deal. It tells you everything you'll ever need to know about our technology). This extent of management buys and institutional enthusiasm for Seeing Machines confirms that every passing day is a day nearer the market waking up to what we already know.
So, yes, I do understand that Seeing Machines is taking far too long to make us all wealthy, but those pages of RNSs are signalling – loud and clear - what's coming. Until then, the wait goes on. You could say it's a bit like waiting for a bus: nothing for ages, then...
Best wishes to all,
Sandy
Reality is fact based. Facts are not the thoughts swirling around in any particular investors head at any particular point in time – be that a cheerleader like me or a doom-monger like....(fill in the blank).
Point in case: the share price goes up – punter is happy; the share price goes down – punter is unhappy. Have any facts changed? No. Only the punter's state of mind.
The facts pertaining to this company have not changed. I remain a cheerleader.
Welcome to the world of Alternate Reality. In this place you will find people who believe that Day is actually Night; Black is actually White; and management buying shares in their own company is actually a – Bad Thing!
Earl, yes, it has been chopped. If you missed it – you missed a cracker. We were fortunate enough to sneak a peek behind the curtain at what the big boys are treated to. I didn't realise who the assembled audience were until one of the guys on here mentioned the people PMG was addressing were institutional investors. The logo behind the lead interviewer read Beyond Investment. Googling that brings up a company in Milan, Italy (the interviewer – the whole set-up - was Italian).
But, boy, PMG laid it out for all to see. What encouraged me (and I don't really need much encouragement) was how much more is to come. Put it this way, take the most positive half-dozen posters on this board – and ignore them! Because all they're doing is underselling the company. So to those guys – come on, what's with this penny share malarkey?
Earl, reading back through the postings will outline the main highlights of the interview. But all it actually did was affirm what we bulls already understand. This is no spin of the roulette wheel; this is just a case of waiting for those slow on the uptake to realise just how slow on the uptake they've been.
P.S. Note to Bears: you really don't have to, I already know.
Waow! Just watched the Italian job. Thank you Aaroon.
As for the guts of that presentation – do they come any better?
Must also give special mention our small band of detractors. God, you've got to love them. There's PMG proving the Seeing Machines' world is round, and our little toerags still insist it's flat. At some point I'm either going to fall off the edge or they'll be upset they haven't.
Wishing good fortune to all Seeing Machines shareholders. It's coming. It is coming.
Sandy
Ever driven to a destination you've never visited before? On unfamiliar roads, if you want to get to where you're going – you need to either follow the traffic signs, a satnav, or have someone along as a guide. Right?
Well, navigating unfamiliar roads without help is a bit like trying to pick your way safely through AIM. But the problem with AIM is - that particular road is a bit more treacherous. It's treacherous because a lot of the sign posts are – let's be charitable here and say – they sometimes try to point you the wrong way.
So how do we weed out the good signs from the bad? Well, in the case of this company it's become incredibly easy. So easy in fact that it's a bit like having someone onboard to guide you. So here's a link to a row of easily read Seeing Machines' sign posts. Go on, have a look, they're a treat for any weary investor: https://www.lse.co.uk/rns/SEE/
In case there's a hiccup with the link, you should be taken to Seeing Machines latest RNS release page. That page is populated with – not just one or two positive signs – but a very long list of them.
The wrong-way-rogues of AIM will tell you what you're seeing on that page (multiple management buys and business collaborations) don't amount to much. But go back and have another look - and then read them, then count them – all of them!
See, that's not one or two positive sign posts you've been looking at. What that is - is something you don't come across every day: it's a map. That is a treasure map.
P.S. Read the SIGNS!
I came across a saying a few months ago. It goes: if a lie is repeated often enough and for long enough it will eventually become an indisputable truth.
That saying has a worrying concept at its core. Bearing that in mind, during a recent visit to this board I was interested to note a poster inferring that a director of this company buying £100,000+ of shares was of no great significance. This, of course, is a lie. Any director buying on the open market is something worthy of note. So why don't we try placing this 'insignificant' buy into some sort of context?
For those new here, here's something you can do right now that might be quite revealing. On this page, there's a link above to Seeing Machines' RNS releases. Go click on that link and have a look at the number of individual buy RNSs that appear on the first page. Do that right now then zip back here...
So what you've just witnessed is a fairly impressive wall of buys. You'll also have noted who was buying: institutions, individuals closely associated with institutions and company directors. In fact, over the last thirty days the number of individual buys has pushed into the high teens! Please also remember that every one of those investors has a much greater understanding of this company than you or I (or any negative seed-sowing poster). So add all those fairly recent buys together and what we get is something very far from insignificant. Logically, your next question might be: why all these buys? But I'll leave you to work that one out.
Perhaps it's now time to question the motives of our anonymous poster, because it appears to me that any comment dismissing a senior manager's share purchase has only one purpose: to obfuscate and sow doubt in the minds of those susceptible to such misleading twaddle. Strangely enough, this also brings me back to a saying I came across a few months ago: if a lie is repeated often enough and for long enough it will eventually become... hilarious!
Best wishes to all for 2023.
Sandy
Dear Mr Cold Fish Pie,
Would you be interested in assisting me with the following cunning plan...
You see, I bought even more shares in Seeing Machines back in September when the price was down around 5.35p (only an idiot could resist, right?). This purchase offset a similar purchase I made at 11p some months earlier. However, as I'm not too bright, it took some time for the significance of the 5.35p versus 11p deal to drop. Then, suddenly, several weeks later when I was counting my collection of rare elastic bands, I realised that spending the same amount of cash at 5.35p had got me double the number of shares I'd bought at 11p! (I wonder if anyone else has noticed this phenomenon). Anyway, now, after that fabulous deal Seeing Machines did with Magna and Kate Hill buying more, I'm thinking I should also up my stake. And this, if you are willing to assist, is where your obvious talents come into play.
Let me explain...
For some time now, I've noticed your contributions to this board are slightly negative. So it's this negativity I'm keen to harness. My cunning – but very simple - plan is for you to secretly troll the share price down until I can once again increase my holding - but at a much lower price. So for that to happen, I need much more of your negative ramblings posted on this board. Lots more. Just go for it! Make up total bum-twaddle - reams of it – and sink the share price to a level where I can steal a real bargain.
However (and, if I may speak frankly), when bad-mouthing the company, could I ask you to make considerably more effort. You see, as far as quality trolling is concerned, you don't appear to be putting your whole heart into it. Whereas with a little more work, imagination, and continuing to ignore reality, I'm sure you could depress – not only the share price – but quite a few individuals on this board - including me (and I haven't been depressed since the day management gave away half the company at 3p! Remember that? But don't worry, I soon cheered up. That same night – it was alphabet hoops for tea! Then I found my favorite wellington under the sofa! Jeez! What a night!).
But, I digress.
So your trolling talents could ably assist my next big purchase. And for that I would be eternally grateful. In fact, if you ever find another small company similar to Seeing Machines with the same incredible prospects and want to 'do-the-dirty', please let me know, as this may be indicative of a perfect buying opportunity.
Anyway, if you feel you can help in this endeavor, please get in touch. However, for heaven's sake, don't mention me by name as I don't want anyone on this board knowing we're in cahoots. And if anyone *****es at you for bad mouthing the company, ignoring simple facts or, indeed, just being a Right Royal Tulip, have no fear. You'll know I'm standing steadfastly with you, cheering you on - by staying very, very quiet.
Best wishes,
Sandy.
P.S. 5p would be good.
I Dreamed a Dream
I had a dream last night. I dreamed that years ago I'd found an investment so brilliant, so niche and so technically advanced that (here's the good bit) hardly anyone knew about it! The technology was a life saving bit of kit that – as the common parlance goes - was an investing no-brainer.
I started buying.
Well, price-wise, nothing much happened with this company for years. It all became a bit dull, really; a bit boring. Never-the-less, the company's technology just kept evolving; getting better and better, until it started catching the eye of some really big industry players. So, dull as my investment was, I just kept buying on the troll dips (and – truth be told - a few of the no-troll highs).
Then, one day, I read something that made me realise that my now very substantial investment was actually the equivalent of an investing Holy Grail! You see, the company I'd invested in turned out to be...
CO-OWNERS of the HOTTEST TECHNOLOGY NEEDED by EVERY CAR MAKER in the WORLD!
Oh, boy, if only there was a company like that out there. Guess I'll just have to keep on dreaming (could this statement be troll bait?)
P.S. Hat tip to Junko Yoshida, Lewbo18 and, of course, helpful trolls.
While watching a Youtube video, one of those 'annoying' adverts popped up. Turns out, it wasn't so annoying after all. It was for Toyota's Driver Monitoring System. The advert was sponsored by Mouser Electronics. So, on Googling that company, I found the page linked below.
Since by implication Mouser is a supplier to Toyota, my question is this: From the specifications listed against their DMS chipsets, is it possible to identify whose technology would be a suitable match?
Thanks in advance,
Sandy.
https://www.mouser.co.uk/c/optoelectronics/drivers/
While a downturn in Smart Eye's fortunes is unfortunate for their investors (we all know how that feels), it may be of interest to anyone new to this board that while Smart Eye continually claimed to be King of DMS (and Redeye sang their praises), the research carried out by members of this board suggested evidence to the contrary.
It may also be of interest to note that Redeye (a professional financial market research organisation) have now been proven wrong in their assessment. Now, as Smart Eye falters, Redeye have begun the process of consuming large portions of Humble Pie. Meanwhile the doubts voiced by members of this board as to the veracity of both Smart Eye's and Redeye's claims have now proven correct.
So, given the above information, I now pose two questions (the first is rhetorical):
1. Does the combined membership of this board understand the DMS market more fully than Redeye?
2. If Smart Eye is no longer the King of DMS, who is?
P.S. Okay, the second question was rhetorical too.
PMG – you smooth talking so-and-so!
Just bought another £6,200 worth (12:35hrs)
I understand all you regulars will already seen this, but for anyone new - Listen to da Man!
https://seeingmachines.com/video/investor-update-august-2022/
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