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Resetting the financial calendar usually just means the date you use as your year end, whether you choose to publish quarterly results etc. Usually nothing to do with expectations of financial performance or targets.
Ha ha ha ha! S7, You are celebrating "making 70% of your loss back"? Ha ha ha. Amateur! How can you not be in profit, you idiot? You've spent the best part of the last year of your life trying to manipulate the SEE share price & you still are not in profit! Wow. You'd have done better stacking shelves. For the record, before you ask, £40k up on SEE right now :-)
It almost looks like someone has been carefully accumulating over the last few days,. Patiently buying at a level and not raising their buy price for a while until they are confident they have hoovered up all the sellers at that price, before upping their buy price to see what they can get at the next level. If this is right, then quite a few have sold their shares at a price lower than what the buyer is willing to pay...
Very little sympathy. It all comes down to: Do your own research. Have you done the work to understand the value of the company you are invested in? If not - more fool you.
EVERYONE who posts on a bulletin board is biased, because they own the shares, because they want to buy the shares at a low price, because they want to sell them at a high price, because they harbour grudges after losses, because they have a relationship with the company concerned, because they have a relationship with a competitor, because they hate their husband.
Your job as an investor is to sift the information available, separate the wheat from the chaff and come to a view. if you thin you can do that better than average, you might have a future as an investor.
Sold out on 12 March at 114p, realising a £5k loss. Still watching and would like to get back in once uncertainty reduces. My concern is the 3 big risks for which I have no way of assessing the probability if negative outcome and for which the negative outcome could be very large. These are:
1) Ongoing independent review announced on 17 March 2020 following shortcomings relating to a previously lauded trial.
2) Ousting of CEO 22 April 2020 by the major shareholder with no explanation of why. Others on here it might be prelude to a takeover, which is possible. It could also be related to the independent review or it could be anything else. We just don't know.
3) Patent dispute with Teva re parent 3 160 951.
I see this as Schrodinger's Box, I simply have no idea if, once the box is opened in 6 months time, I'll find the whole thing has collapsed or if I'll find a company thriving.
Wish luck to all of you holding shares. Hope to join you if risk reduces and it isn't too late to buy in.
A few of you follow autonocast, but for any that don't, this episode is one of the most intelligent and interesting things that I have heard in a long time.
I'd recommend it as general background for anyone investing in SEE. Nothing about driver monitoring in there but a lot about the future of autonomy, the future of transport, building tech companies, working with hauliers and the nature of the people investing the big bucks.
The interviewee id disarmingly honest and openly calls out his own failures alongside everything else that is talked about. Loved it. But i'm a geek for this sort of thing.
http://www.autonocast.com/blog/2020/3/27/181-stefan-seltz-axmacher-on-the-end-of-starsky-and-the-future-of-autonomy
I enjoyed reading this so much yesterday, I thought I'd treat myself to reading it again...
Cenkos:
We view today’s licence deal as a positive demonstration of the value of
Seeing Machines’ Driver Monitoring technology and the managements’ ability to
monetise it. The US$5m upfront non-refundable license fee is worth more than
cA$8m and we believe therefore covers the cA$5m cash shortfall to self-financing
we estimated in our update from 17 March 2020. For the Tier 1 partner, the license
provides greater access to Seeing Machines IP, which de-risks the supply chain to
OEMs as well as enabling the Tier 1 to offer more options in terms of integration and
functionality. This will undoubtedly help the Tier 1 secure new DMS business.
Furthermore, it should also help Seeing Machines secure similar deals with other Tier
1 suppliers. Seeing Machines now looksfunded through to profitability, even without
including any significant contribution from the Aviation sector, or other specialist
operator environments. We therefore see the current valuation as an attractive
entry level for this world leading technology company and iterate our Buy
recommendation and 7.0p price target. We highlight that this valuation is based
effectively on Automotive only leaving Fleet and Aviation businesses, which are
worth potentially as much, as upside.
Cenkos:
We view today’s licence deal as a positive demonstration of the value of
Seeing Machines’ Driver Monitoring technology and the managements’ ability to
monetise it. The US$5m upfront non-refundable license fee is worth more than
cA$8m and we believe therefore covers the cA$5m cash shortfall to self-financing
we estimated in our update from 17 March 2020. For the Tier 1 partner, the license
provides greater access to Seeing Machines IP, which de-risks the supply chain to
OEMs as well as enabling the Tier 1 to offer more options in terms of integration and
functionality. This will undoubtedly help the Tier 1 secure new DMS business.
Furthermore, it should also help Seeing Machines secure similar deals with other Tier
1 suppliers. Seeing Machines now looksfunded through to profitability, even without
including any significant contribution from the Aviation sector, or other specialist
operator environments. We therefore see the current valuation as an attractive
entry level for this world leading technology company and iterate our Buy
recommendation and 7.0p price target. We highlight that this valuation is based
effectively on Automotive only leaving Fleet and Aviation businesses, which are
worth potentially as much, as upside.