Seeing Share Price - SEE
|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Seeing Machines||LSE:SEE||London||Ordinary Share||AU0000XINAJ0||ORD NPV|
|Price Change||Price Change %||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)||RN||NRN|
|Technology Hardware & Equipment||9.2||-1.5||-0.2||-||44.20|
Seeing Machines News, Charts, Forums & Trades
Seeing Machines News
|18/8/2015||08:54||DJN||Seeing Machines, Caterpillar in Talks for Next Phase of Global Alliance|
|18/8/2015||08:31||ALNC||Seeing Machines In "Advanced Negotiations" With Caterpillar|
|18/8/2015||08:21||ALNCF||Alliance News Flash Headline|
|18/8/2015||08:20||UKREG||Seeing Machines Limited Next Phase Discussions with Caterpillar|
|13/8/2015||10:30||UKREG||Seeing Machines Limited Holding(s) in Company|
|20/7/2015||07:40||ALNC||Seeing Machines Wins USD1.1 Million Order From Zambian Miner|
|20/7/2015||07:00||UKREG||Seeing Machines Limited Zambian DSS Sale|
|15/7/2015||15:30||PRNUS||Seeing Machines Opens New U.S. Office and Adds Top Tech Talent|
|09/7/2015||10:24||ALNC||Seeing Machines Says Revenue Rises In Year With Fleet Sales To Grow|
|09/7/2015||07:00||UKREG||Seeing Machines Limited Trading Update & New SVP Sales Appointed|
Seeing Machines Share Charts
1 Year Seeing Machines Chart
1 Month Seeing Machines Chart
Intraday Seeing Machines Chart
Seeing Machines Discussions and Chat
Seeing Machines Forums and Chat
|28/8/2015||11:53||VISION for the future||7,570|
|28/7/2015||16:06||*****A STAR IS BORN ******||313|
|20/7/2015||07:41||A great company with great potential and unrivalled products||12|
|09/7/2015||11:17||A great company. A poor share||21|
Seeing Machines Top Chat Posts
|rocket fuel: here is the full text of both links you posted above from july/august 2011.
|adamb1978: Decided to sell over the last couple days for a combination of a few reasons which in my view has changed the outlook. I re-read the interims three times and the more I read it the more negatively I viewed them. Reasons for selling as follows: 1) presentation of turnover as per the headlines was absolutely crooked. To include R&D tax credits and FX gains in what you are calling your headline revenue is shocking 2) If you strip these out, turnover increased 4% however H1 last year was unusually low due to the lack of working cap financing (remember that sales were deferred from Dec 13 to Jan 14). So this year they've beaten a poor comparable figure by just 4%?!?!?!? 3) outlook comment: "expect sales revenue for the full financial year to be weighted towards the second half...with full year sales revenue higher than last year. To achieve this we will need to see a continued increase in mining sales and a significant contribution towards the end of the half year from sales of our new DSSFleetTM product." So to achieve a higher turnover figure they need sales to the mining industry to increase but they then say that conditions are challening in that industry AND they need a material contribution from a product which is only being launched in late April 2015 and, was with all product launches, could be delayed (even a 1 week delay would be a problem for them). That tells me that, at best, turnover for the year might be up by say 5%, realistically it will be lower than last year 4) Unlike all previous results, there was no mention in the interims of backlog or systems sales or installed base. What does that tell you? 5) They'll need another equity raising late this year but will be doing it on the back of poor results. Say they do it at 4p per share - A$20m raising at 4p means they need to issue >25% of the current shares outstanding. Depending on sales performance, this might well not be the last either and, if the full year results are poor, you could easily see the share price being say 4p at the time and the equity raising being done at 2.5p - 3p 6) As mentioned above, the inventory issue is worse than it seems as its not even inventory - its work in progress. 7) gross margins are declining - 46% in H1 from 60% last year, though the commentary suggests some of this is a one-off reduction. However use of distributors naturally leads to lower gross margins (think supermarkets - the ultimate distribution companies). This is made even more of an issue by opex rapidly increasing As a result of the above, I think the odds are now stacked to the downside. I think it somehow needs to get to A$60m turnover before you can have confidence that this will show a profit, and thats probably 4-8 years away. (cashflow breakeven is even further away given the increasing spend on intangibles). The increasing share count means that if turnover for the next four years increases by say 30%-40% per years then by 2019 you might have a company making 0.1p-0.2p per share, so trading on a 25x-50x PE at today's prices - thats then only cheap if it continues to grow the top line at those similar rates for a few years beyond. THis has parallels with CLean Air Power (CAP) a company which seemed to be destined for great things with big name customers and a product which seemed to be well positioned for the future. SEE is in fact in a harder position than CAP as there are so many competitors out there doing the same thing as SEE and its very difficult to assess why SEE should be the winnder rather than the others. All the best for those who continue to hold but the interims for me were the turning point. To me the downside looks like being up to 100% and I cant see that the upside a multi-bagger. Best bet in my view is that they end up as a niche supplier to the mining industry, have to cut back opex massively and get acquired by someone, but that would be at a lower value than the current £50m market cap. Adam|
|curlly: Very surprised to see share price lower at end of day, could be more down side after a good rise of late. Then onwards and back up to new highs hopefuly.|
|melody9999: Seems clear that MMs must be filling one or more large sell orders. They will not get reported until the complete order is filled. So although we can see buys outnumbering sells, the share price will not respond until the sell orders are filled. Its an ideal opportunity to buy at a low price if you do not already hold; if you do hold then it is a case of sitting it out. I would also suggest to SEE that releasing an RNS with 3 distinct pieces of good news in one RNS is not smart. It is rather like the reverse of a 'kitchen sink' RNS - where a company advises of all bad news at one time. In that scenario the company is seeking to minimise the adverse impact on its share price. In this case the '3 in 1' RNS means SEE are minimising the positive impact that they could have achieved on their share price by releasing separate RNS. Unless of course they have so much good news in the pipeline that they can foresee more positive RNS in the next few weeks.|
|mirabeau: Seeing Machines (LON:SEE)
Share price: 5.62p
No. shares: 827.6m
Market Cap: £46.5m
Placing & Open Offer - It's very surprising that this Australian technology company has come back to the market for more cash, so soon after raising more than it apparently needed just under a year ago.
Today's announcement explains why - it reads very positively, with "more than 10" automotive OEMs interested in potentially developing products using Seeing Machines eye and face tracking equipment to detect & alert when driver fatigue occurs.
There's no doubt that widespread adoption of this technology will be a wonderful thing, saving many lives on the roads. The technology is already proven in the mining trucks sector, and is now likely to find its way into trucks, coaches, and cars. Insurance companies might play a part in accelerating its adoption.
So an exciting company & opportunity. However in the meantime, the company is cash burning, so the shares are clearly quite speculative still at this stage.
It seems to be 103m Placing shares at 5.5p, and another 18.2m Open Offer shares also at 5.5p. The discount to the market price is minimal, and the Placing was over-subscribed. This represents an enlargement of the share capital by about 14.6%, which looks fine to me. That can be done without an EGM, as there is existing authority to allot up to 15% of additional shares.
My opinion - although this fundraising has raised many eyebrows, I think on balance it's the right thing to do. This company is the world leader in this technology, so they have an opportunity to really go for it, and that is the right thing to do. History is littered with companies that had a great technology, and a lead over the competition, but squandered the opportunity through being too cautious. So personally, for what it's worth, I am supportive of Seeing Machines' strategy to grasp the opportunity they have.
It's almost impossible to value the company at this stage. Given the size of the opportunity globally, I don't see the market cap as being excessive at this level.
|woodaldo: Mira, dilution isn't always the enemy. This is AIM, and companies rely on placing to help grow their companies. You keep going on about dilution, but that was last year, another company I am invested in, XTR, has done 3 in the last 6 weeks and has over double the number of shares in issue than SEE does. And guess what its share price has more than doubled in that period, and will probably go up more again. That's because the placing money was put to good use, as it has on SEE. AIM is news driven. As soon as SEE start releasing positive news this will rise despite the dilution. SEE was always a long play, and I see very similar pattern to last summer, although I suspect the next time this climbs it won't be falling back down.|
|mirabeau: It's been 7 months of absolute price inertia. That might suit those who can afford to hang around until doomsday but I can't afford such a luxury. Yes, the company is making great strides 'on the ground' but if it's not feeding through to the share price then shareholders are not seeing the benefits I thought the sub 15% share placing was a tad sneaky in that it didn't require shareholder approval which does suggest the placing was not for a specific amount of funding to execute their plans but for an amount of funding that didn't require our approval. Ken's obviously a 'switched on' and experienced tech business-man but he's running a listed business not a private one and therefore his responsibilities extend beyond not simply of the business itself but also to improving the share price. I just want 10p and then i wanna move on and spare people the daily grind of my outpourings KEN, JUST GIVE US SOME NEWS FFS. BUY SOME SHARES FFS. PUT YOUR HAND IN YOUR OWN POCKET AND NOT THE SHAREHOLDERS POCKET|
|mirabeau: The Insider: City deals uncovered By Lee Wild | Thu, 18th September 2014 Seeing Machines' surprise seller Seeing Machines (SEE) has struck a number of big deals in recent weeks and the share price has doubled since early August to 8p. But the face and eye-tracking technology company isn't expected to make an annual profit until 2017, and the share price is susceptible to short-term swings in sentiment. Heavy share-dealing has an impact, too. No surprises, then, that director Mike Roberts' decision to flog 8.5 million shares at 6.22p brought the price back down to earth. Roberts, a former investment banker, has owned a big stake in the company since it floated in 2005, and even after this substantial sale has about five million left. Seeing Machines cited personal reasons for the sale. We've made enquiries but have been unable to find out more. This latest sale comes five months after London-based Roberts offloaded 2.19 million shares to Ken Davis, Seeing Machines' new senior vice president of sales & marketing. Despite these sales, the potential here remains both exciting and substantial. Broker finnCap has slapped a 12p price target on the shares. With big opportunities in both automotive and consumer electronics, that still looks achievable. It will, however, require patience. From eye eye eye|
Seeing Most Recent Trade
|Trade Type||Trade Size||Trade Price||Trade Date||Trade Time||Currency|
|O||71,290||4.75||28 Aug 2015||17:07:47||GBX|