Seeing Machines Share Discussion Threads

[insideryou] 19/12/2017 12:48

The price almost always returns to the office price. Predictable

[tradermel] 18/12/2017 22:23

Brokers often do not explain well. The offer is for more shares, not the ones you already own.

[bobogyo] 18/12/2017 19:19

tradermel, thanks for the explanation. It sounds quite clear, however the reason I got confused is that I supposed to action and to be able to allocate all my current shares to this offer to subscribe at 5p. Which in this sense I don`t really understand. I already own the shares so why would I allocate them again at a different price? Not that I would not buy at 5p now, its just that the action I have from the broker does not make sense to me.

[tradermel] 18/12/2017 17:56

bobogyo

The offer for current holders is set at 5p and conditional on the offer not being over-subscribed. So if you apply for £20k worth of shares but the company limit to £10k per person, that is how many you will get. The point of it is that you as a Private Investor get the chance to buy at the same price as the big boys, so you are not excluded. Depending on your brokers individual criteria you can apply for any amount you want (but as I say you may get cut back) so not out of your range WatteNe.

Is it worth it? Well sort of at todays prices as you might have been able to buy at 5.28, but that may be the lowest this goes (I think you bought well morgank) so there is immediate upside to any money.

What will the share price do after the offer closes? The money is to be used to speed production of the Fovio unit and lower the price so SEE will be more competitively priced and likely to allow more deals to be clinched, secures our future until the company until they run to profit. The clincher for me was the RNS on 17th October which lowered forecasts and expectations

"Conscious of its balance sheet constraints, the Company has moderated its investment profile and timing, while it is in the process of dialogue with shareholders and prospective new investors, including strategic investors. This fact is prudently reflected in the modest pullback in top line growth outlook as outlined. "

Now they have raised the cash they can now produce an updated RNS turning this forecast positive and should lead to broker upgrades, both of these potential announcements (my guess) should give the share price a boost. My speculation now >>> I look to similar fund raises and when this scenario has been combined with extra news (like new orders) the share price turns very positive after only a short while, and that is the reason I will be applying for the maximum I can afford.

[troc1958] 18/12/2017 17:48

Had anyone using Barclays "Smart Investor" asked for an allocation to the share subscription? If so how did you go about it online? Email? Was much easier before they changed over.

[morgank] 18/12/2017 15:34

I have bought twice today and each time the trade is listed as a sell because bought for less than mid share price Trades @ around .0528 are most likely buys me thinks

[wattene] 18/12/2017 15:30

edit: duplicated post

[bobogyo] 18/12/2017 14:56

can someone pls explain me what does this offer subscription mean? I have no idea if I should allocate it or not (I am a bit amateur to understand the whole point of this). I bought half of my shares at 4p, then the other half at 5.5p so now what happens if I allocate all my shares to subscribe at 5p? thanks a lot

[amt] 15/12/2017 07:37

Tradermel yes it does show good prospects but I am astonished how easy it is to raise money on AIM in general. It makes a nonsense of the longheld view that the UK doesnt take a longterm view of companies.

[rawv8] 14/12/2017 17:34

note from my broker to SEE shareholders
Seeing Machines Limited have announced that they are conducting a conditional Placing and Subscription to raise gross
proceeds of approximately GBP30 Million (approximately AUD53 Million). The Offer is conditional on Shareholders approving
the issue of Ordinary Shares at the EGM, which will be held on 3 January 2018.
Shareholders on the Register on the Record Date, being 4 December 2017, can subscribe for New Shares.
Eligible Shareholders can subscribe for New Shares, at a subscription price of at GBP0.05 per Share, and any applications
may be subject to scale back.
If you would like to apply for New Shares, please notify us in writing by secure message or telephone, stating the amount of
cash that you wish to invest, no later than 5pm on 4 January 2018.
Payment of the total cost specified will be collected from your account. Please ensure you have sufficient cleared funds
available to cover the amount due by the deadline date of 4 January 2018.
Please note that the above information only provides summary details of this Corporate Action and the expected timetable
announced by the Company. In deciding whether or not to participate, it is your responsibility to ensure that you are familiar
with all the terms of the Prospectus produced by the Issuer Company and understand how this will impact you if you do or do
not take action. Please ensure that you have read and understood the Prospectus produced by the Company which can be
accessed or downloaded at www.seeingmachines.com/investors. If you are in any doubt you should consult a professional
adviser.
blah blah .....

[tradermel] 13/12/2017 09:42

That money was raised extremely easily, I suggest a reflection of the prospects here, and lets face it a 100% return not good enough since 3p? As long as money raised is used to propel the company forward rather than keeping it afloat its all good.

[amt] 13/12/2017 07:42

Shows how easy it is to raise money for companies on AIM. Lets hope we long suffering shareholders get a good return.

[arthurly] 12/12/2017 09:59

There are over 100 tram systems in Europe to aim for.

[poombear] 12/12/2017 09:49

This could be big if it leads to tfl rolling out the tech to their buses.

[tradermel] 12/12/2017 09:32

From 8th December and it is already known Trams are fitted with SEE, but nice to view it actually working.

[poombear] 11/12/2017 11:35

can access a recent webinar including Mix SEE and Mobileye.

[abid6814] 10/12/2017 16:59

Reading the online circular it seems it's via the post. The II /TD website currently down pending migration so I can't check my online messages.If it's a subscription via existing broker happy to do so, too much faff if it is sending postal order and cheque in the post.

[pottermagic2310] 10/12/2017 15:56

If you're a Shareholder you would know already... assuming the Winter weather in the UK hasn't disrupted your Post

[longsight] 08/12/2017 10:16

in view of their commercial involvement with SEE, noted VSI's subscription for shares.

[cyclades] 07/12/2017 18:28

Worth a readI saw this on the BBC and thought you should see it:Croydon tram crash: Report says driver 'probably dozed off' -

[alchemy] 07/12/2017 18:16

Just. Listening. To an item re sleep on Croydon tram crash -new system installed , as you know it's ours.

[alchemy] 07/12/2017 18:13

I don't subscribe to alliance news but there is an RNS flagged.I think it says finncap is positive about the raise..Would welcome the content in more detail.Gla

[longsight] 06/12/2017 07:27

Noted that cash at 30 November AS$17.6m. Cash burn far better than anticipated.

With AS$1.77:£, £37.4m gross equity raise = AS$66.2m say AS$65m net

So AS$82m approx. in the kitty. Looks well funded cf Smart Eye. imo

[abid6814] 05/12/2017 20:30

Excellent fundraise, oversubscribed with extra cash secured. Now let's see some news, contract wins and a double digit share price!Will happily look to increase my position in the offer to existing shareholders.

[alchemy] 05/12/2017 18:12

I'll get the logic right tomorrow a m but surely the share price price effectively went up today against a headwind of dilution blowing against it at some miles per hour.Think it went up circa 33 % ... and I say gosh.thats unusual!Is still going to zoom to the same absolute price per share or but two-thirds?This share is teaching me a lot.I am only in this and another share * in a big way, some in much smaller ones.The other is also run by an Aussie and they had a staggeringly good RNS as well. What do they put in the water down under?( energy storage....) *