Hybridan Small Cap Feast - 18 Mar 24

18th March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object...

Hybridan Small Cap Feast - 08 Feb 24

8th February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje...

Hybridan Small Cap Feast

13th December 2023 Small Cap Team will take a break until Monday 8 January 2024 after this Friday 15th December. Merry Christmas to all our readers. @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be...

Hybridan Small Cap Feast

12th December 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj...

Hardman & Co Insight: The AI revolution - An introductory guide from a...

Executive summary Artificial intelligence (AI) is moving at a phenomenal pace, with companies seeking to be ahead of the curve, and its impacts will ultimately spread across the broader economy. In this note, we take a look at the topic from a UK stock market perspective. AI is not new, with its history traceable back to the 1950s. However, the AI phenomenon took off in late 2022, following the commercial launch of ChatGPT. The emergence of ChatGPT was a result of the combination of large lan...

Hybridan Small Cap Feast - 20 Jun 23

20th June 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti...

Hybridan Small Cap Feast - 06 Mar 23

6 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective...

Hybridan Small Cap Feast - 22 Feb 23

22 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec...

Seeing Machines Ltd: 1 director

A director at Seeing Machines Ltd bought 1,155,204 shares at 6.6p and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...

Termination of coverage

Edison Investment Research is terminating coverage on Seeing Machines (SEE). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

Transitioning to higher-volume markets

The last two years have been a transitional period as Seeing Machines (SM) has been preparing to attack the higher-volume automotive Fleet and OEM markets for monitoring driver fatigue and distraction. This has culminated in the new agreement with Caterpillar (includes the mining sector), which releases sales, support and logistics people so they can focus on the new SM Fleet product. Forecasting is difficult, not helped by an IFRS requirement to account for the full US$17.5m CAT fee in FY16. Ne...

Update: Transitioning to higher-volume markets

The last two years have been a transitional period as Seeing Machines (SM) has been preparing to attack the higher-volume automotive Fleet and OEM markets for monitoring driver fatigue and distraction. This has culminated in the new agreement with Caterpillar (includes the mining sector), which releases sales, support and logistics people so they can focus on the new SM Fleet product. Forecasting is difficult, not helped by an IFRS requirement to account for the full US$17.5m CAT fee in FY16. Ne...

Flash note: New deal with Caterpillar

Seeing Machines (SM) has signed a new agreement with Caterpillar (NYSE.CAT) that covers product development, manufacturing, licensing and distribution. The deal supersedes the previous four-phase agreement that SM signed with Caterpillar Global Mining in May 2013. It involves a US$17.5m fee paid over four years, along with ongoing royalties on product sales and services. The deal strengthens the group’s relationship with the US blue chip construction equipment maker, expanding the partnership ...

Update: Strong Q4 sales

Seeing Machines (SM) has announced that, as a result of a strong Q4 trading period, FY15 revenues are expected to be c A$18.9m (we are forecasting A$18.1m). Revenues were predominantly driven by sales of products and services to the mining industry, as well as some sales of the company’s new fleet product late in the period. We expect FY16 revenue growth to accelerate as the Caterpillar alliance matures and the group rolls out its new fleet product. We continue to believe the shares look attra...

Flash note: SM Fleet product launch

Seeing Machines (SM) is today launching its new fleet product at the National Private Truck Council's (NPTC) annual conference in Cincinnati, Ohio, in the US. The new product is being marketed as Seeing Machines Fleet (previously DSSfleet) and is essentially a ‘de-ruggedised’, lower-cost version of SM’s DSSmining unit. In March we reported that SM expects to take delivery of 10,000 units of the new product over the coming months, and meanwhile it has been building up a pipeline of prospect...

Institutional Comment: Daily comment

Update: New road transport product ships from April

H1 revenue growth was modest at 4%, due to the challenging mining sector backdrop. However, the road transport strategy remains on target, with SM awaiting delivery of 10k units of its new DSSfleet product, which it expects to ship over the coming months. The automotive OEM product has been generating plenty of interest, including via a high-profile demo on Intel’s stand at the CES in January. We have cut our revenue forecasts, mainly due to the depressed mining end-market, and adjusted our nu...