Share Name Share Symbol Market Type Share ISIN Share Description
Seeing Machines Limited LSE:SEE London Ordinary Share AU0000XINAJ0 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10p -2.07% 4.725p 4.70p 4.75p 4.825p 4.725p 4.825p 13,701,045 15:11:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 17.2 -20.2 -1.2 - 159

Seeing Machines Share Discussion Threads

Showing 16426 to 16445 of 17125 messages
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DateSubjectAuthorDiscuss
21/3/2019
15:15
Well called scantrader, you made some good money on that short, at least you are open and honest about it rather than those who have to deceive.
zero the hero
21/3/2019
15:10
I agree that we needed to demonstrate sufficient cash to warrant winning contracts with the majors ,wishful thinking perhaps,but once funding resolved perhaps some larger Auto contracts will be announced.I suspect that subscribers to the placings will be relatively obscure IIs who specialise in high risk tech Cos (eg AIM VCT funds) but it would be comforting to see the emergence of another & more significant strategic investor .I also hope Jack ,Ken etc dig in deep @ 3p & demonstrate their commitment to SEE.I reckon Ken is only CEO as they can’t find a viable alternative & Ryan is not yet ready . I built up the majority of my holding in mid 2017 when our share price was around 3p for some time as did ,I suspect ,many long term holders -so my (paper ) profits have evaporated but I do not intend selling as U still believe that there is potential ,a few months down the line ,for our order book to be substantially larger .I am not sure that another fundraise will be needed as we will have been sold before it is required -giving a very decent exit to The Boys !
base7
21/3/2019
14:07
Could still be a zero but I've closed my short position here now. Replies to my original posts here were so stupid and hostile that I didn't bother posting here any more, and I expect most of the rampers will have learnt nothing from this disaster.
scantrader
21/3/2019
13:07
Absolutely NO confidence left in this company from anyone taking the time to post comments.Profit expectations 4 years into the future are clearly meaningless-even without hedging comments. Annual losses are horrific and actual client wins if any substance a distant memory.Sadly, looks like one for the knackers yard.
tarrant777
21/3/2019
13:07
Placing at 3p but could go lower after,seen it before.
derf1953
21/3/2019
12:18
They must prove they have funds to ramp up imo to get through the RFQs and the ones that are left are the two biggest car makers in the world. Engineers in this field are in short supply and we cant afford to loose any and want to add to them, so there will be massive gains, but again pushed further into the horizon. We need further proof by winning the RFQs this year and hopefully get some investors buying the shares.
blackpudding13
21/3/2019
10:10
Included in the R&D staff costs is an amount of $7.5m which represents the non-cash amortisation of a one off grant of performance rights to certain founders and key engineering staff who have played a critical role in the development of the Group to its current position. This investment meant the Group made a net loss of A$24.7 million for H1FY19, compared to A$16.7 million for the pcp. Cash and cash equivalents at 31 December 2018 totalled A$26.9million (30 June 2018: A$42.8million). If they hadn’t have made that payment then there would be enough cash to last another 12-18 months.... they didn’t need to be so desperate, and didn’t need to raise so much imo.
rjcdc
21/3/2019
10:06
Ncap say new models by 2020 and every car by 2025 if you want 5* rating, legislation kicks in when I don't know and I believe is focusing on safety rather than convenience dms such as the coffee cup which is good for us. We have a good opportunity because the legislation is for van and trucks too so the guardian version 3 in a telematics solution combined may be what we need to turn this around in the medium term and maybe even next year. We dont know how far away we are from producing this atm, all it said yesterday is a solution is close.Its a disappointment again and very hard to swallow
blackpudding13
21/3/2019
09:43
Guys wasn't there near term legislation that made this a "cert " ?How do these things dissolve?
alchemy
21/3/2019
09:38
The II wouldnt give anymore than 3p because ken and co cant guarantee a massive short term profit.They messed up with fleet which set back the company at least a year.With the contracts we have at the moment we wont be in profit til 2023 although if we get a deal with mix telematics with the chip that may change in the short term and maybe next year will be better I guess thats why its impossible to forecast.Maybe they will get a loan next year when we run out of money again They have messed up royally imo5 RFQs to be decided by June, then a further 8 by Christmas which if we are who we say we are and succeed the share price should rally. Then we can exit.
blackpudding13
21/3/2019
08:45
If there is truth in the company being almost sold for 17p last year I think most of us would have despaired at having been robbed back then. That sentiment now feels like a missed opportunity, how time changes opinion! One of the reasons I did not sell last year (a big error) was that likeliness of the company being bought out and I still feel it will be taken out within the next 2 years. The opportunity for a big fish to have an inside line on tech going into the biggest manufacturers will be too good an opportunity. Apple are desperate to join the looming Tech boom on car interiors and have been knocked back by both BMW and Audi. They need leverage and snapping up Tech already planned inside will do it nicely.
zero the hero
20/3/2019
22:22
hTTp://www.safestocks.co.uk/ Silver lining in a cloud of investor misery? Posted on 20th March 2019 Following today’s news that Seeing Machines is having a deeply discounted conditional placing and subscription to raise £27.5m, the management of the company seems to have lost both the goodwill and trust of many private investors. Indeed, the fact SEE couldn’t get even get a placing with existing institutional investors away at 5p tells you a lot. It’s quite frankly shocking that the company had to offer shares at 3p in order to raise cash and follows a long series of fleet and train related mishaps that Chris Grayling would be proud of. The only silver lining I can see is that with the expected OEM wins still to be announced it becomes a sitting duck for an opportunistic bid. My sources tell me that last year, after numerous ‘discussions’, it came close to being snapped up by Bosch for around 17p. Well, I dare say, it is still available at a knock-down price. Anyone want a to buy a company with great tech but poor management? 10p? Anyone? 7.5p? UPDATE. For those investors despairing tonight, I’ve some hope. Ironically it comes from house broker Cenkos who put out a note today. Analyst Jean-Marc Bunce clearly cares about his reputation and though he lowered the price target to 9p, Bunce can’t help but admit on page 15: “Strategic value is significant – 39p at 8% discount rate To demonstrate the significant value in the increasingly visible future cash flows from Seeing Machines’ automotive license fees, we note that a large organisation with a market average Beta of 1 would have an equity cost of capital of 8%. At an 8% cost of capital our valuation for Seeing Machines rises to 39p and we note the weighted average cost of capital for a large corporate would likely be even lower through debt financing.” In fact, the more times I read this note the more I get the sense that it is setting out a case for SEE being sold at a particular price. We’ll see. The writer holds stock in SEE.
supersonico
20/3/2019
21:48
Al is assuming that an u written condition of their support is an exit before the next required fundraising Ina year or so-a reasonable assumption .Vsi invest another £4mil to make £4mill+ on the new shares + a decent profit on their existing holding .Great money if you can get it -so we should all be doubling our holdings again as we drift towards 3p in the expectation of an exit at 100%+ profit ?????
base7
20/3/2019
21:11
Alessxito, Why will they have to accept 7-10p ?
supersonico
20/3/2019
21:08
This company is going to be sold cheap.They should have sold last year at decent price they now have to accept anything around 7p to 10p. Obviously it will never see light with the current leadership. And the investor knows it as it wouldn't accept to dip more millions without being secure this time. Don't you think OTM?
alessxito
20/3/2019
20:46
Should it not be hero the zero? More appropriate je pense
onetomany
20/3/2019
19:41
Only positive is our strategic investor stumping up £4mill,which I presume they would rather not lose.Very disappointing
base7
20/3/2019
15:10
https://www.cnbc.com/2019/03/20/ford-to-build-new-factory-in-michigan-for-autonomous-vehicles.html
boris cobaka
20/3/2019
15:07
The sad thing is it's the dead right tech for the melt-up that's coming but now with the horrendous dilution and the very slow burn there'll be much better gains elsewhere.
boris cobaka
20/3/2019
14:41
Well at least here we have a year fully funded lol, then (depending on the amount PI's fund) another period the miseries can return and talk down the company. Very frustrating but in the end no ones fault but my own.
zero the hero
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