Seeing Machines Share Discussion Threads

[davemac3] 31/7/2023 08:44

Below 5p now, what’s going on here?

[amt] 29/7/2023 13:58

So Magic Finance so we can assume that most of what you write is factual or just a matter of opinion with the odd bit of fake and misleading information thrown in.
Fact is they have won 10 OEMS and 160 plus vehicles and lifetime sales of over 300m usd. They don't RNS every deal, they never have.
You have to take responsibility for posting a clearly deeply misleading post about Director share purchases. Really pathetic to blame it on a third party. Someone with any principles would have apologised and removed the post. You haven't removed the post. I wonder why!
Enough said, as you say posters can make up their own minds about what to believe and who they can trust.

[amt] 29/7/2023 09:57

So Magic Finance you admit to posting false information and leaving the post in place. Then you can't back up what you made up about Magna. Every deal has conditions . You can't back up your post.
Other posters please be aware that you have to treat some of the posts with a pinch of salt. Not even sure I believe you hold a position.
Posting false information will not wash with me.

[amt] 29/7/2023 09:47

You wrote
"Strange no one has picked up on Martin Ive selling his position. Maybe he is leaving CFO selling is not a good sign, even buying all these shows his position has fallen 12.8%."

This is wrong. He has not sold shares. As I stated he bought 1.2m in January and added since.

Tell us about the strings attached to the Magna deal that could make them walk away.

It's fine to be bearish but you need to get basic facts correct.

[amt] 29/7/2023 07:59

That's not true about Magna. They are fully committed, conversion is 11p per share.
Like many shares its suffering in this bear market.
Martin Ives has been buying shares, not selling.
Be careful, falling share prices tends to bring shorters along who post a load of nonsense.
Its easy enough to see Martin Ives has added shares.
He has over 6 million shares. He purchased 1.2m in January and has added since.
Ignore the posts from probable shorters who fail to do basic homework and easily proved wrong.

[base7] 29/7/2023 00:00

Magic -our share price has already suffered short & medium term.I remain hopeful that strong Director buying in recent months will soon be justified by the now long awaited award of some high value RFQs ,together with the launch of G3 & an Aviation contract or 3

[horsepower] 28/7/2023 21:55

In that case these directors must be mad buying all these shares. What are they thinking? Maybe they're unaware of the spiralling recruitment costs and issues with the Magna arrangement. Please...

[ali47fish] 28/7/2023 14:21

amt what about the future/ outlook

[skinny] 28/7/2023 12:07

Back to the 4s.

[amt] 28/7/2023 06:17

Still 50% growth in sales year on year, so not too bad and 25% growth over H1.

[kramar] 26/7/2023 13:20

Consensus revenue estimates decrease by 11%
The consensus outlook for fiscal year 2023 has been updated.

According to simply wall st :-
2023 revenue forecast fell from US$61.3m to US$54.7m.
EPS estimate unchanged from -US$0.0052 per share at last update.
Electronic industry in the United Kingdom expected to see average net income growth of 13% next year.
Consensus price target broadly unchanged at UK£0.15.
Share price fell 3.2% to UK£0.051 over the past week.

[nvhltd] 26/7/2023 11:23

For me the problem is the statements that come from the company regarding RFQ'S. It's not unreasonable for investors to get some insight into the 12 RFQ'S and the outcome or delays.

If a CEO is happy to share information regarding the number of RFQ'S and the expected time to close in order to portray a sense of positivity and market share expectation then I think we should be given updates and explanations why they aren't delivering.

It's been more that year since we won a new OEM contract.

Seeing Machines to date has been a very frustrating company to be invested in. The share price continues to stagnant around the current level while the BoD extends the share option deadlines for the CEO.

[amt] 22/7/2023 05:54

I expect we will see a lot of uptake in the run up to 2026 so perhaps news coming through in 2024 onwards.
Patience required.

[amt] 22/7/2023 05:44

I wouldn't worry too much. Take a look at this article. The only effective ones ie the top two are from Seeing Machines.
There doesn't seem to be anyone competing at the level required. Maybe others will catch up eventually but in the meantime it's looking good for us

[horsepower] 20/7/2023 08:20

So why the director buys? Patience is a virtue...

[nvhltd] 20/7/2023 08:09

I received a response from Sophie. All she would say is that there will be a trading update on August 22nd and that they don't control or sit on OEM contract news which confirms that they have nothing to say with respect to the outcomes from the 12 RFQ's which is very worrying given the time these RFQ's have been in play and the fact we haven't won a new oem contract in over 12 months.

Things don't add up here.

[amt] 20/7/2023 07:35

Might be they aren't too bothered about the share price at the moment or might
be they are keeping a low profile for confidentiality or commercial reasons. There is plenty of cash.
It just takes time. We got the aviation agreement eventually but it made no difference to the share price.
Maybe they have concluded its best to just get on with things.
I do share your frustration.
It's giving an opportunity to buy at low price and we have seen a lot of Director purchases.