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https://betaville.co.uk/news/federated-hermes-takes-10pc-stake-in-seeing-machin/
Federated Hermes takes 10pc stake in Seeing Machines
Thursday, 29 October 2020, 9:03 pm
British small cap enthusiasts scoffed when I asked them about Seeing Machines a few weeks ago.
But I still thought it worthwhile mentioning the developer of driver monitoring software in the Mail on Sunday's Stockwatch column that I occasionally write/edit as the tip came from a reliable well spoken City type. I have pasted the link below in case you don't recall:
https://www.thisismoney.co.uk/money/markets/article-8701353/STOCK-WATCH-Owzat-Rose-Bowls-Ageas-takeover-target.html
Since then, the shares have risen 40pc or so and today Federated Hermes, a huge American institutional investor, has taken a 9.95pc stake. Below is a link to the announcement:
https://www.investegate.co.uk/seeing-machines-ltd--see-/rns/holding-s--in-company/202010290700055417D/
Perhaps those small cap enthusiasts might be regretting their snooty attitudes now...
Tags: Federated Hermes, Seeing Machines
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5 Sept 2020 - Daily Mail
''Seeing Machines
Small cap enthusiasts might want to keep an eye on Seeing Machines, a company involved in developing driver monitoring software.
Word is that the company is 'ideally positioned' to benefit from further major contract wins as large motor manufacturers strive to meet new safety regulations.
Well-spoken chaps in the City of London believe this firm could easily find itself part of a larger group by the time the regulations come into force. '
https://www.thisismoney.co.uk/money/markets/article-8701353/STOCK-WATCH-Owzat-Rose-Bowls-Ageas-takeover-target.html
If bought out at it will be at a much higher sp than 4ish p
Yes, I agree... although the sp needs to swiftly move north to stop any opportunistic bids coming in.
A couple of contract wins and there is no reason why this shouldn’t become a $500m dollar company quite quickly... Mid term I see a $1-2bn company no problem, should it be allowed to get there.
Next week could be a bit of a rollercoaster imo. Results and lockdown.
RossC
Maybe SEEs latest investor is (almost, bar another 0.05%) further guarantee there won't be an opportunistic bid at a low SP. To do that the bidder would have to secure all 3 major shareholders, a pretty difficult job even before the latest investor. Take the 3 plus founders and you're almost at 50% so any approach would have to be friendly, at a fair price, to stand a chance.
Yes, next week will be interesting although there's lockdown and lockdown....
I agree, the SP needs to move up to accommodate the three pillars true value. All this info can be found Via SEE's RNS and perhaps a little digging.
- Aviation: Mou signed, hopefully a lucrative licence deal on the way, might force others to follow suit...
- Fleet: Guardian installs on the rise and tie up with insurance firms, plus legislation. Nice little SAAS revenue stream here.
- Automotive:
-- Tie ups with tier1's Veoneer etc
-- More OEM's rolling out our tech, Ford via veoneer, GM.
-- MOU with silicon manufacturers. Hopefully a licence deal will blossom from that soon. RNS for the Mou was in Sept.
-- Future proofing the tech with DMS / OMS amalgamation. Allows for non driver monitoring features.
-- SEE have the Lowest Cost, highest performance, auto grade chip solution on the market. Their words, not mine! See RNS material.
Lots to look forward to with this share, with some monetary deals. Here's hoping the SP will reflect SEE's true value.
All my opinion, check SEE RNS for more info, dyor and GLA.
I hope the new message from see is ‘we have the tools but you have to pay to use them and we arent doing it for you, sign on the dotted line’
We have came a long way from Facelab who we sold to the likes of Toyota, honda and Nissan but to name a few, did Paul say it was a sticky business?
https://www.proactiveinvestors.co.uk/companies/news/26/seeing-machines-has-profits-in-sight-at-last-0445.html
S2030 that's an astonishing bit of seeing machine archive from all those years ago, great read, God knows where you got it from I have never heard of facelab before I read that. Looking forward to Monday, fingures crossed for good news, our destination becomes clearer and closer with every passing week, exciting times ahead, regards CP
I’m interested to know if anyone here has been invested that long. Phil?
Hyms seepee
Ive not personally been invested so long, but you can see what the plan has been all along it has been a team effort, but Ken K has to be given most of the credit for the structure and foundation he laid for what is about to happen. Even in retrospect of the timeline its always been an exciting prospect albeit a frustrating one haha.
Mr Harrington's very well connected and no doubt has his ear to the 'right' ground, as it were..a City insider no doubt. Someone worth noting and listening to
Ben Harrington
I have spent the last decade working in financial journalism at the highest level in the United Kingdom covering mergers & acquisitions, private equity, hedge funds, stockmarkets and restructuring.
I began my career on trade publications, such as Financial News, Air Finance Journal and Mergermarket.com. In 2005, I joined The Daily Telegraph as its first ever M&A correspodent and broke several major stories, such as Qatar's attempt to buy J Sainsbury for £12 billion in 2007. I have also written extensively for The Sunday Telegraph following the merger of editorial teams at the Telegraph Media Group.
In 2013, I left the Telegraph Media Group to work on freelance basis and have since been published in the The Sunday Times, The Times, the Daily Mail, the Mail on Sunday, Private Equity News, Financial News, the Australian Financial Review and Dealreporter.
I set up Betaville in 2014 and have broken several agenda-setting scoops, including the £3.5 billion merger of Carphone Warehouse with Dixons Retail in 2014.