Seeing Machines Share Discussion Threads

[simonh88] 01/2/2018 17:16

I'm good at picking losers like this one. The only one I seem to have got right was Fever Tree and I was lucky I didn't sell that, but the vast majority are real mongrels.

Such is life

[simonh88] 31/1/2018 14:12

Because I keep hoping that a miracle might happen and this dog starts to deliver, but somehow I can't see that happening. I'll sell when/if it gets back to 6.5

[davidtrain] 31/1/2018 12:57

You can sell @5.9 you can buy @ 5.9!!

[baggariddim] 30/1/2018 21:45

Why didn't you sell two days ago then when you posted how typical the news was?

[simonh88] 30/1/2018 20:14

Constantly shoots itself in the foot this donkey. Wish I'd been active today, I would have sold the damned lot.

Now we'll have to wait for some positive news to get closer to the previous level. Frustrating

[longsight] 30/1/2018 11:06

imo the lack of info on MM leaving suggests a confidentiality agreement between him & SM. Culture clash? KK has built a theory Y type business - smiley faces. MM looked a bit cross in vids. A mismatch? If so then parting is sweet.

[poombear] 30/1/2018 10:27

You may be right, in fact this event may turn out to be entirely positive. Just from a personal point of view, I wanted to err on the side of caution, can always buy back in. And profit is profit.

[insideryou] 30/1/2018 10:24

Do you think these directors who only purchased these shares two weeks ago, doubling their holdings, knew nothing about the impending exit??? Of course, they did, yet were happy to buy a million shares each at 5p...Unless their strategy was to flip them quickly, which hardly seems worthwhile?


Directors' Share Dealings
Filter Transactions by Size
Transaction Holding
Director/Date/Type Amount value
Mr. Ken Kroeger
17/01/2018 | Purchase
400,000 5.00 20,000.00 5,928,268 Subscription
Mr. YK Ng
17/01/2018 | Purchase
1,000,000 5.00 50,000.00 2,368,777 Subscription
Michael McAuliffe
17/01/2018 | Purchase
1,000,000 5.00 50,000.00 2,000,000 Subscription

[abid6814] 30/1/2018 09:35

For longer term holders the strange thing is we are very comfortable with Ken taking temporary charge.Mike made a good impact in terms of navigating the company through its successful fundraise. For me the problem is the underwhelming and open to interpretation wording of his departure. It creates uncertainty immediately after existing and new investors have put up substantial investment in the company.The company would have been better advised to have offered some wider reassurance or combine with a bit of trading update which I would assume was imminent anyway.The upshot is any positive trading news is likely to only move us back to where we were post the news of Mike's departure rather than establishing a firmer upward trajectory.We will also have to content with the uncertainty that comes with any prolonged recruitment process.Can see why many shareholders have taken up the temptation to exit. I will stick but hope the team can get its governance and news flow management in order.

[juju44] 30/1/2018 09:32

all rushing for the exit now. CEO jumping ship is never good

[alchemy] 30/1/2018 09:30

Sold 40% . Sleeping level.

[derf1953] 30/1/2018 09:29

Me out made 100% profit,ex silicon valley CEO leaves with no notice, not good.

[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