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SEEing in the dark (SEE)     

hangon - 14 Dec 2011 13:23

Oh deary, Seeing m/c chairman steps down and there is no explanation, - or replacement (a board member steps in-DYOR),
This was ann. at the AGM held in Canbera - that's about as far away as you can get from their AIM-listing, and puts a BIG question-mark over their strategy.

- I would have thought their Market was UK/Eur/US, so that's a GOOD reason for having their meetings in London (where many of their Investors will have access, inc. journalists!).

SP dropped 17% on the News....

EDIT (7Feb2012)- Recent RNS says Canadian Investor is holding 6% - but sp fell today, now 2.75p - not looking good, Eh?
EDIT (8Jn2012)- 15% down, today at 2.13p . . . . Trend/friend?
EDIT (11Dec2014) _ looks like5 Dec14 placing at 5.5p was oversubscribed.( sp today~ 5p7 ).
EDIT (3June2015) - 4p5 isn't exactly good news.
EDIT(21July2015)- sp 5.6 after Rec. in MOS and Co ann. deal with US auto maker to make their driver-alert kit available . . . . may be good idea for HGVs but the Market isn't impressed with deals - only Sales..
EDIT (21Sept2015)--sp 4.5p it's half that at the start of 2014 DYOR - if you include dealing costs, you've probably lost more than 60% - this isn't for me as I understand it's an Australian business, so why no AGMs in London?
EDIT (20Dec2016)-sp ~4.5p - - - Posters obv. like this Co... Just wonder if "driverless cars/lorries" will spook Automotive sales? . . . but new tech could take more than 10years to blow-away drivers' jobs.
EDIT(10Nov2017)-now 5p5 spiked to 6p on collaboration news - far too early for income.... expect fall-back.
EDIT (16Feb2018)-sp 5p looks like a fall-back happened.... now about half-=price compared with previous spike to 10p+ I'm just not sure that "driverless" will blow-away this business, which appear to be a Retro-but-similar. Given that the likes of Uber, and countless others making vehicles, I fear the money is in the "whole-thing" rather than the camera-parts. Time will tell.

mitzy - 28 Nov 2013 09:34 - 2 of 107


Great chart.

kayha - 29 Nov 2013 16:37 - 3 of 107

LISTEN: Ken Kroeger, CEO of Seeing Machines, discusses the recent capital raising

Click here to listen

mitzy - 29 Nov 2013 20:09 - 4 of 107

More shares issued and the share price remains stable at 7p.

mitzy - 06 Dec 2013 17:47 - 5 of 107

Mostly all buying the last hour news must be soon.

mitzy - 13 Dec 2013 09:13 - 6 of 107

Break-out today in with a chance of 8p.

mitzy - 16 Dec 2013 08:15 - 7 of 107

david lucas - 16 Dec 2013 13:04 - 8 of 107

Seeing Machines said Wagner Equipment Co. has become the first Caterpillar distributor for its Driver Safety System (DSS). The DSS technology and services were to be sold to customers in the mining industry exclusively through CAT dealers.

mitzy - 25 Dec 2013 09:13 - 9 of 107

One to watch in 2014 says Shares magazine.

mitzy - 28 Dec 2013 10:21 - 10 of 107

Tipped in todays Mail.

mitzy - 28 Dec 2013 10:24 - 11 of 107

Star performer in 2013 will it fulfill its potential.

dreamcatcher - 31 Dec 2013 10:47 - 12 of 107

Q&A: Seeing Machines broadening its horizon

By Jeremy Naylor

December 31 2013, 10:36am
Q&A: Seeing Machines broadening its horizon

Seeing Machines (LON:SEE) shares have risen almost five-fold from the 2p seen back in May this year. The most recent move has been on the back of news that its driver Fatigue Monitoring System is now being adopted by European coach fleet operator, and in a separate agreement has achieved its first distributor deal with the earth moving company Caterpillar.

Ken Krueger is chief executive of the company and recently spoke to Proactive Investors (PI).

PI: Clearly investors are encouraged by these deals. Explain where they take the company.

Ken Krueger: I guess the deal with our success with Caterpillar and the warm reception to the technology in mining, it’s time for the company to look at other applications for the technology.

Commercial road transport and coaches have been one of the sectors we’ve been looking at for a long time. We finally feel that we’re ready to do that.

Royal Beuk has been trialling the technology in various formats for a number of years, exploring its potential and finally felt it was time to enter into a more serious trial. I guess this is our first entry point into that market.

PI: For investors the prospects look pretty good now. So, more of the same in the coming months with other coach companies and more dealerships coming online at Caterpillar?

Ken Krueger: I think for the coach companies what we really want to do is one extensive trial that would span the two tourist seasons in Europe through the winter. Taking them to the ski resorts and in the summer to the Mediterranean, to get a good sense of how the technology will hold up in that environment.

Also, to work hand in hand with Beuk to develop a business model that would be sustainable within the industry. In parallel to this we’re working with a number of commercial road transport trucking firms in North America, Europe and in Australia to establish some more trials.

PI: With the share price having risen so much and now nudging 10p, what's priced in at these levels?

Ken Krueger: If I think back over the last year we’ve been very public with the course we’ve set and telling people as much as we can, and to date delivering on those promises. In our recent trip to London, we exposed investors to what we’re trying to do.
I think - I'm not sure there's that much that isn't [priced in]. I think now it's up to us to really execute and perform to plan, and demonstrate through results that we’re capable of delivering.

PI: Let’s take a look out to 2014. What are going to be the highlights and the milestones you're looking to achieve?

Ken Krueger: I think really just to build; the number one thing is to really continue working with Caterpillar and make sure that we do that properly and that we derive all the value to that relationship that we can.

Secondly, is that we migrate that product to other larger markets outside of mining. The truck fleet population is multiples larger than the mining sector, and work our way towards some of those other targets we have announced, which are passenger car and in between that rail and aviation.

I guess we all know that aviation will take a little bit longer but in the next 18 months anyway [the aim] is to see a strong footprint in the road sector. Some inroad into the rail sector would make us all very happy.

mitzy - 31 Dec 2013 13:42 - 13 of 107

Thanks for posting dreamcatcher.

dreamcatcher - 31 Dec 2013 13:44 - 14 of 107

Good luck mitzy, looks good and a happy new year.

mitzy - 31 Dec 2013 14:07 - 15 of 107

And happy new year dc.

mitzy - 29 Jan 2014 16:43 - 16 of 107


Buyers are back today could be the low.

skinny - 18 Feb 2014 12:02 - 17 of 107

Just had a dabble here.


mitzy - 18 Feb 2014 12:31 - 18 of 107

Good timing the MACD has just turned positive..

skinny - 21 Feb 2014 07:05 - 19 of 107

Results of Australian and Overseas Offers ("the Offer")

Seeing Machines Limited (AIM:SEE), the AIM-listed technology company with a focus on computer vision based operator monitoring and intervention technology and services, is pleased to announce that it has finalised the Offer and raised £1 million through the issue of 20,000,000 new Ordinary Shares at a price of 5 pence per share to Seeing Machines Share and Depositary Interest holders who were on the record at 28 November 2013. This raising follows an earlier successful raising of £15 million from mainly institutional investors in December 2013.

The Offer to Seeing Machines Share and Depositary Interest holders was oversubscribed by nearly ten times. Because of this, the Directors were compelled to scale back allocations significantly. All underlying Depositary Interest holders who applied for less than 23,486 shares will receive the full number of shares they have applied for. All other qualifying applicants and underlying Depositary Interest holders will receive 23,486 shares*. (*Because the share issue was limited to 20 million, some applicants were allocated one share less than this number.) The Board believes that this was the fairest way to allocate the shares available, particularly in order to allocate the Company's smaller shareholders the same sized parcel of shares as the largest shareholders.

The Company's original plan was to raise up to £15 million in new equity in two tranches over 9-12 months. It was intended that the additional equity would be used to:

a. increase working capital to fund inventory and debtor growth to satisfy increased demand for Seeing Machines DSS systems in the mining and resource sectors,
b. accelerate development of the next generation of DSS technology targeted at the long distance road transport and coach markets,
c. accelerate development of technology targeted at the auto industry, aviation and mobile broadband markets,
d. undertake deeper market research to test the Company's hypothesis on size, price points and optimal distribution to reach these markets,
e. invest in the infrastructure to sell to and support the Company's growing global customer base and its deployment of employees closer to its main markets.

However, the confidence shown by the new investors first and then existing shareholders has allowed the Company to more quickly and certainly confirm its strategic direction without undertaking a delayed two tranche program and positions the Company to implement its plans in the knowledge that it has the capital in place to do so.

Commenting on the results of the Offer, Seeing Machines Chairman, Terry Winters said: "I am delighted to announce that the offer made to existing shareholders has been well received and oversubscribed. Together with the £15 million raised from new and existing shareholders in December 2013, Seeing Machines is now well placed to accelerate growth of its mining business through the Caterpillar alliance and enter new attractive markets from which demand is already being received. The shareholder interest in this issue reflects the excellent progress the Company has made in the last year."

Application has been made for the Offer shares to be admitted to trading on AIM and admission is expected to take place on or about 28 February 2014. It is also expected that Computershare will mail notifications and refund the balance of application moneys by cheque to all applicants on or about 28 February 2014.

Following the admission of the Offer shares, the Company will have 822,226,253 Ordinary shares on issue, all of which will carry voting rights. This figure may be used by shareholders of the Company as the denominator for calculations by which they will determine if they are required to notify their interest in, or change their interest in, the ordinary share capital of the Company.

mitzy - 21 Feb 2014 08:25 - 20 of 107

Offer oversubscribed 10 times and applicants 43% of minimum.

55011 - 21 Feb 2014 09:24 - 21 of 107

Not surprising at that discount...
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