Member Info for schlemiel

Erratum -

'run out of cash'
'I honestly believe'

£14.50m at end Dec 2018 as per March 2019 results
Plus, £31m after expenses from discounted placing
say the 14.50m is now down to £12m?

Let's say SEE's got around £43m cash. No debt. Current market cap is around £83m. At current prices you get the entire company minus cash for £39m. That £39m gains you access to a pretty decent business with a blue chip customer base and world leading technology

I feel comfortable buying at these prices. The downside is well protected now. Any decent news and this will be 5p in a matter of days but we need that OEM news or maybe a high volume Fleet deal

If you look at March's results in the 'use of net proceeds' section the emphasis is on

1.core platform
2. auto business pursuit

with Fleet (emerging markets support) coming in at 3.

One can see exactly where the real opportunities now lie for SEE and I suspect so can the company. Fleet though important to SEE is not the future unless legislation (across various jurisdictions) requires its implementation.

The most important point is that SEE is now fully cashed up and fully capitalised to take advantage of the rise of DMS and other forms of in-car driver monitoring and in-car technology

My great fear here was SEE would run of cash and implode. That existential threat's now gone and the market can breathe easy and look to the future

I honestly with a fair gust of wind we should be easily closing in on 10p by end 2019 barring any fook-oops

Trent Victor ( Professor of Driver Behaviour at Volvo Cars) used to be on the board of Seeing Machines in around 2000-2001 so Volvo and SEE do have personal history

https://www.cnbc.com/2019/03/21/volvo-to-put-cameras-and-sensors-in-its-cars-to-tackle-drunk-driving.html

“There are many accidents that occur as a result of intoxicated drivers,” Trent Victor, professor of Driver Behaviour at Volvo Cars, said. “Some people still believe that they can drive after having had a drink, and that this will not affect their capabilities. We want to ensure that people are not put in danger as a result of intoxication.”

Have a nice weekend all and fingers crossed for some OEM updates

:)

Cenkos bidding again

True -

By the way, my moniker is Schlemiel which is Jewish slang for idiot. Some might say I am appropriately titled and you know what, they're probably correct.

Mirabeau exists on another platform which I won't mention

That's me told :)

S2020 - Yes, I know they're not an active MM on the book but it does indicate tightness which is unusual considering we've just had a discounted placing.

I'm convinced that the placing is primarily for DMS-OEM. Fleet's a dodo! Split the company in two

1m at 3.6!!

PMUR asking 4.5p for 100k

CNKS - up again

CNKS jumped again. They're hungry for stock today

CNKS bid up again

3.5230 are buys so nice, tight spread.

Well, there's jack-sh-t we can do about it now so we'll just have to suck it up and see what happens. POQ does need to answer for himself though

2 v 1 - looking good

1 v 4

Cenkos up the bid. They're also asking 3.7 for 100k. I'm pretty sure our house broker is short of stock

I am convinced drilling will happen this year. There'd be little point in submitting an EMP now if drilling was delayed for another 12 months

I still cannot find any info from the Katherine resource conference. All the main players including Drabsch were presenting but nowt is flowing out into the media or onto the net

2 v 4 (200k v 400k)

CNKS
CSTE on the bid

It's confined to II's as well. Untermensch need not apply!