Seeing Machines Share Discussion Threads

[morgank] 30/1/2018 08:56

I am out to @6p CEO leaving without explanation is concerning, made a good return, move on

[amt] 30/1/2018 08:16

Sold out for 6p. Made good money in a few months so cannot complain. Ceo resigns without explanation and no successor so for me it was not difficult to sell.

[morgank] 29/1/2018 19:23

Seeing Machines' house broker finnCap reiterates forecasts after technology company's CEO departsShare 10:50 29 Jan 2018The company's nomad (nominated advisor) , did not seem unduly fazed by the news of McAuliffe's departure, and said "the second tier of management in this business is particularly strong"Chief executive officer Mike McAuliffe is leaving Seeing Machines Limited (LON:SEE), the computer vision technologies company.Executive chairman Ken Kroeger will take over McAuliffe's duties until the company recruits a new chief executive.House broker finnCap said McAuliffe's departure was obviously disappointing so soon after the group raised £35mln to deliver on what the broker believes is "a huge and exciting opportunity"."We understand Mike's departure has nothing to do with the operation, or prospects for the future. We know that the second tier of management in this business is particularly strong and will continue to follow the strategy and deliver on the milestones as expected," Seeing Machines' nominated advisor (nomad) revealed."Overseeing them, the executive chairman, Ken Kroeger, remains popular and well supported. He has carried the business forward since its early days in the mining industry and will continue to lead that strong second tier of executive which runs the individual Fleet, Automotive, Rail and Aviation divisions. We see little change and reiterate forecasts and expectations," the broker said.

[alchemy] 29/1/2018 16:06

He wouldn't be thanked if he'd been dodgy.

[pottermagic2310] 29/1/2018 15:30

If he's been fudging the pre-Sales pipeline figures and mis-representing the state of the Business I would think there would be News already. More likely he's happy with what he's achieved (quick ramp-up) and the rewards he's amassed and could be off to do the same again somewhere else... let's hope so

[boonboon] 29/1/2018 13:50

If it was financial irregularities or something like that you would have thought they would have to declare it in the rns.

[onetomany] 29/1/2018 12:58

Could be financial irregularities... interesting to see if we get an operations update soon.

[alessxito] 29/1/2018 12:17

Buy opportunity

[alchemy] 29/1/2018 09:40

So the ask is really 6.1 lower than shown. That's indifferent rather than positive. I think....no edge just thinking.What I'm really thinking is, is the business in great shape ?Well we're imbedded in sufficient not to gravitate too far I suspect. So I suspect holding will win out.

[rjcdc] 29/1/2018 09:38

Not a bad move imo. I never really did rate his previous experience - took a small company and sold them out cheap. Maybe SEE was becoming too big for him and too long term for him, which goes against his flipping mentality.

Opportunity for a big name to come in IMO.

[insideryou] 29/1/2018 09:33

Just bought two lots of 25000 logged as sells... Not a true reflection of the trades

[pottermagic2310] 29/1/2018 09:16

What did he do ?
What contribution did he make ?
Will he be missed ?

We'll never know

.... but he may well have acquired 4,382,720 shares at about 3.6p a go during his time with the Business, so assuming he hasn't flogged them already he stands to benefit in the medium/long term.

I notice it's implied he's gone, not handing over, not assisting with hiring his successor, etc ????

[techno20] 29/1/2018 08:55

Pure speculation, but there’s an outside chance that there was a disagreement over selling out. The fund raise will have put See under the spotlight for many potential acquirers. Time will tell.

[barrieb] 29/1/2018 08:48

Well he certainly gave the business more Ooomph!
It was noticeable that communication and marketing improved under his tenure but I always had the feeling he may have been a bull in a china shop and possibly a bit of a bully which may not have gone down well.
Maybe they were trying to get him on a more structured remuneration package and he liked it just the way it was but you just cant go on issuing shares like that as it would have been unfair on all the other very capable staff.
Or he may have been approached and gave an ultimatum which other board members could not agree to, so he may have got a bit to big for his boots.
I guess we will see where he pops up next as he seems to job hop a fair bit according to a poster on LSE.

Anyway Ken is a very safe pair of hands to keep things going in the interim and we have all the right people (as far as we know)looking after each division of the business so things will keep moving forward as they have been.

This could be a great opportunity for folks to top up or get in before the update that must be in the wings.

Good luck all

Edit. Or we could have received a bid which he was the only one in favour of.

[armunro] 29/1/2018 08:32

Sounds quite serious; whats the deal?

[alchemy] 29/1/2018 08:30

Maybe it's good he's gone, as said, more explanation needed,See you later guys.

[morgank] 29/1/2018 08:28

Few ! Pulling out of share price dive

[alchemy] 29/1/2018 08:27

You see, with more info this could be a buying opp.

[alchemy] 29/1/2018 08:12

Explanation or ..a but turnover etc on plan.

[simonh88] 29/1/2018 08:12

It's typical for this donkey

[alchemy] 29/1/2018 08:10

Indeed , let's see if the buyers of volume return.

[poombear] 29/1/2018 07:15

Don't care for that news, Would have liked a bit of an explanation.

[skinny] 29/1/2018 07:13

Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, regrets to announce that CEO Mike McAuliffe is leaving the Company.

The Board wishes to thank Mike for his significant contributions to Seeing Machines and wish him well.

Executive Chairman Ken Kroeger has now been appointed as interim CEO by the Board until the recruitment of a new CEO is finalised.

[pottermagic2310] 26/1/2018 20:37

There are plans for future-state HMIs to incorporate feature controls that can be triggered by a look.