By Steve Moore | Wednesday 26 February 2025
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Most recently writing on company describing itself as an “advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety” Seeing Machines (SEE), in December with the shares at 4.5p I concluded that much of an approx. $32.8 million “strategic investment” would be needed for ongoing cash burn and to still avoid/sell. The shares most recently closed at 3.8p and now a trading update headlined “Strong cash position, 90% increase in cars on road & new partnerships position company for success against wider market turbulence”. So what of a current share price response down to 3.3p?
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