Member Info for Smokey2

I would also take SEYE's release yesterday with a large grain of salt.

It was not an RNS, just an internal press release.

S.E , announces 24 new design wins with four different OEMs in one fell swoop.

Yeah right....

I can't imagine how they will stay open much longer.

Most of the teachers round here are off with CV or self isolating after coming into contact with it.

Should have closed the schools ages ago as anyone with kids will attest they are worse than cruise ships.

I hope you've got a comfortable seat.

yup

S7,

There's a rabid dingo in the room and some are still staring out of the window in amazement at the meadow on the horizon.

You get that in all AIM shares, there is always one shill, plant, stooge whatever you want to call them forever shouting positives when all around is crumbling and people are rushing for the exit.

These people will be shouting 'All is well!' as the last swivel chair is removed from the post room.

PM's admission of badly performing fleet was nicely timed to be buried with the general market downturn. A clever move.

Unfortunately, however, when he said Automotive was on track this was 10 hours before they decided to shut down all manufacturing plants in Europe and likely the US.

Although the car plant shutdowns is only for two weeks it will be for months before they open again....

Anyone care to explain what there is here for us to look forward to over the next 6 months?

I have done some basic calculations and I consider current fair value here all things considered for SEE is 0.34pence.

W.H.L.,

They are shutting across Europe too.

https://www.theguardian.com/business/2020/mar/17/nissan-closes-sunderland-factory-coronavirus-ford-vw

There is no glee here I can tell you!

I'd much prefer to be at 5.5p

I'm not trying to rub anyone's nose in it terry.

If i think I could sell now and buy back double the shares in the next month why wouldn't I?

Numpty

The share price drop here is due to adverse effects on the transport industry from CV and hence adverse effects to SEE's revenue/sales.

Posters have been saying what SEE confirmed via RNS today for a while, it isn't trolling, it is unfortunately facts. Facts that were being discussed weeks ago.

If you had listened to these 'trolls' then you could now be buying double your original holding. imo this is still possible now.

Have you done any back of a fag packet calculations for if SEE loses say 50% of orders?

S7,

I always thought CV would have a bad effect on SEE's industry short to medium term

It is terrible communication, however, for the BOD to say all is fine one minute then all is NOT fine 1 week later when it's been flippin' obvious all is not well for a while.

Don't they have any idea what's going on week to week?

Don't you think the date for DMS adoption will be pushed back due to CV?

Fair enough seeingtom, i disagree with Cenkos's note.

I worry the fallout from CV is gonna be many degrees worse than everyone thinks. I also don't believe SEE's cash will last two years. I also cannot see an end to CV related issues any time soon.

Automotive order book contracts will be revised downwards, the closure of plants and everything non essential means OEMS can't even make cars at the moment let alone sell them.

Fleet has been confirmed to be adversely affected by CV and our imminently touted licence contracts are now a distant dream.

With this in mind i reckon we'll be needing more money by late 2020.

Thats with PM's belt tightening included!

They make assumptions that revenue won't be affected by CV when SEE's RNS note out today says they foresee revenue affected, or future take up adversely affected.

Cenkos note and SEE's RNS seem at odds with one another, but maybe it's me...

Order books can change buffett.

Cenkos note makes the assumption that revenue will not decrease at all.

Id say SEE's cash is more likely to last 2020 give or take.

I can't forget the look in PM's face when he was asked what he fears the most this year. He replied not getting the licence contract by July 2020.

To me that implies funding concerns and that was before CV even arrived.

I dunno why people are still buying this share to be frank with all the volatility in the markets we are most exposed to.

There isn't going to be any V shaped correction with the markets.

As with the likely control of CV, and hence, recovery of company share prices, it will be a gradual process.

This will be reflected in share prices as a gradual flat bottom forming. It is only when this forms is it imo safe to buy.

You could of-course buy now just in-case that monster auto/aviation contract lands...

Maybe have a look at what our revenue is, cash burn etc, future contracts.

You should be able to hazard a guess then.

Indeed.

What do you think web?

0.5p

Could the order book be subject to any changes due to CV?