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Shame tbey couldn't set a higher price target than 3p but generally they are happy with progress and trajectory. Just hoped we could have more solid numbers around Gen 3 pipeline as that seems to be the grey area as to whether we break even and can sustain growth. The chart from the presentation this morning didn't exactly fill me with confidence. If anybody heard the presentation and PM's comments around pipeline please share.

The RNS probably cost more than the contract, could it not have been added to the results tomorrow? 60 fleet is a days work We really need some big wins. Come on PM

Not convinced it seems. Was hoping for some positivity around Guardian Gen 3, contract wins and increased production. Instead seemed a vague and indicating the 6000-6500 per quarter wouldn't happen until the end of the year, if we concert these 'steady pipeline' of opportunities. This will be required for breakeven. Then the 60m debt financing question remains for next year. Until more certainty of numbers and clarification of debt refinancing/payment which depends on a big uplift from here on all numbers and into a healthy profit. Hopefully gets there but no smooth path by the looks of things and not for the faint hearted.

Fortunately our mcap is nowhere near, not even 2%. The automotive sector has suffered with various issues, look at Hondas update. Hopefully we can deliver breakeven asap and mark a turning point. The share price will react accordingly. Could also do with some decent Gaurdian 3 momentum with decent contract wins, no more jam tomorrow. Until then, who knows, could continue drifting as it is doing which is disappointing considering the low valuation we have anyway.

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Stifel reiterates ‘buy’ and price target on Seeing Machines as production hits record levels

Published: 11:02 05 Aug 2025 EDT

Written by: Ian Lyall

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Seeing Machines Ltd

AIM:SEE

OTC:SEEMF

Seeing Machines Ltd - Stifel reiterates ‘buy’ and price target on Seeing Machines as production hits record levels

Stifel has reiterated its ‘buy’ recommendation and price target on Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) following a trading update showing record quarterly production and strong aftermarket growth.

The broker highlighted that production of the company’s driver monitoring technology accelerated sharply.

Fiscal fourth-quarter automotive output rose 36% to 488,000 cars, up from 358,000 in the previous quarter, even as new car registrations in the European Union fell 1.9%.

Cumulative cars on the road equipped with Seeing Machines’ systems now stand at 3.7 million, a 69% increase year on year. Stifel pointed out that this puts the company well ahead of Smart Eye, with over 2 million units, and Tobii Autosense, with 700,000.

The broker said, “Although there have been some recent new entrants to the market, we feel they pose little threat in the next few years.”

Aftermarket sales of Guardian 3 units more than doubled to 2,500 in the quarter, with production capability reaching full capacity by the end of the period.

Stifel noted the company’s confidence that rising production is meeting robust demand, supported by a growing pipeline of trials and partnerships.

With another automotive programme now in production, bringing the total to nine out of eighteen won, Stifel believes Seeing Machines is well on track to reach cash flow break-even by the end of 2025.

At 3.5 times enterprise value to sales and with a growing royalty stream, the broker considers the shares to be significantly undervalued given the group’s market position and opportunity.

In late afternoon trading, the shares were up 1% at 2.77p.

Really hope so, that could definitely shift the dial and make the market take more notice. Hoping PM might shed some more light where we are at with the agreement and wins, and on break even on his next Proactive interview.

I think reading between the lines Guardian Gen 3 is behind there forecasts, 2k in a quarter isnt 6k a quarter which was forecast from the end of June. This may still happen, 2k a month but we don't know the full extent of the sales wins and pipeline momentum even though PM has optimistically stated conversion rates are high. By not stating this more positively the market will probably assume we are behind forecasts and these numbers will be the difference between breaking even or a loss.

The market still seems mixed and not quite willing to trust the company and PM after previous under delivery. Was really hoping this would be a turning point as the ramp up in installation continues. Good increase but better Guardian 3 numbers and more confidence on breaking even would have helped jump past 3p and provide momentum for the share price. Ferls like we will hover around 2.70-2.85 until next set.

Agree, not sure why the spread opens up so much and so quickly, invested heavily here, believe in the company and tech but dissapointed we didn't push on past 2.70. Probably best not to check daily, accept its a 2-3 year hold and to come back and check in a few months as we get closer to break even and May Regulation next year hoping no surprises in between.

No, agree not great, and the market sees it that way. They have had plenty of time and doesn't look like they can get any takers and have let things slide with the brand. A lot more action needed to focus on key markets and uncomplicate the business and mitigate currency risks. Seems like no rush

Bit quiet here. Seems like a mixed bag. Positive :reducing exposure to Naira and debt will be coming down by almost a 1/3, 8% growth like for like. Negative: Reduction in revenue to £505m from £527 , profit mid guidance and no news on St Tropez. Markets dropped it but overall fairly neutral I would say.

Thanks for the responses. A lot hinges on the next rns. At what point is this commercially viabI guess a retrace from being overbought

0.82p to sell, 0.88 to buy, real time quotes. Market hasn't reacted favourably to the results. On the fate of it looked promising so I topped up on opening only to see a pullback. Have we got too agead of ourselves? What are we missing? Lower grades than anticipated? Anyone with good mining knowledge care to shed some more light? Thank you

Anyone have any thoughts or comments positive or negative on the impact of zonal Pricing on Greencoat? Seems to be a lot of debate out there and whether it would benefit billpayers and improve the grid. Thank you in advance

Proposed Sale of North America School Bus to I Squared Capital for an Enterprise Value of up to $608 million

Disposal accelerates net debt reduction and enhances financial flexibility to focus on attractive growth opportunities

Just bought a chunk. Fairly cautious investor that tried doing as much research as possible. I can see it's trading at a hefty premium to NAV, hoping gap will close and debt reduction after Australia sale will see this move closer to NAV. Not sure share buyback is a good use of money, probably better spent investing in new projects or reducing debt in my view or increasing dividend. Probably a lot of disillusioned investors here with large capital depreciation. Dare I ask for views/comments? Another vote for break up if this continues ?

Not a good day here...Barclays cut and shorts seem to have conspired to drop this by almost 5%. Not long ago was near £1.50 and everything looked quite positive, trading update in November was no cause for alarm. Why has sentiment suddenly changed by this margin over a few weeks? Yes probably less/slower interest rate cuts forecast, NI increase but tp me nothing fundamentally has changed. Maybe a read across to Vistry issues and a drop so institutions can buy in cheaper before improving outlook perhaps? Anyway, in for a wild ride, GLA

Whilst at this stage no certainty can be provided on the exact timescale of the Demerger, the current intention is that publication of the Demerger Circular would be in or by early November with the distribution of IngenuityCo shares being completed at or before the end of 2024.

I guess the market hates delays/uncertainty and grabs any opportunity to stick the knife in MM. Come on THG, take some control, and put a stop to this death by 1000 cuts. It's painful

Looks like a typo...£1.1billion makes sense

Anyone got access? Many thanks. Sounds like a positive headline but who knows

https://www.thetimes.co.uk/article/another-share-purchase-is-signal-for-thg-backers-to-raise-the-roof-