Market's view on Seeing Machines
Published on April 2024
- Lombard Odier Asset Management and Federated Hermes, Inc. together own over 25% of the company’s shares, potentially preventing any buyout due to their significant shareholding. Any agreed buyout would require a bid above their purchase price. Additionally, the CEO’s vested interest might not be met, which could explain his additional open market purchases.
- The CEO has been accused of lowering the share price and then buying shares cheaply, possibly to sell the company at a profit if share prices recover, despite previous promises of significant business developments.
- Director purchases are seen as an indicator of confidence in the company, with multiple stock watchers noting recent buying activity by company directors.
- There is a debate about the share price movements indicating underlying company activities or developments.
- SEE owes Magna $47.5 million due in 2026, with options for Magna to choose between cash or equity for repayment. The terms include anti-dilution provisions and the possibility for SEE to convert interest payments into equity.
- Concerns exist about the company’s market capitalisation and cash flow, with fears of needing additional funds if targets are not met. There is also speculation about potential deals due to Magna’s expiring license next year.
- Discussions about the comparative performance of SEE and its competitor, Smart Eye, focus on their respective market positions and partnerships in various industries, suggesting that SEE’s long-term outlook based on their order book could be positive.
- Observations are made regarding the historical share price movements, with notes on the last time share prices were at similar low levels.
- There are mentions of a private investor group on Telegram focusing on the company, indicating an active community of interested investors.