How time flies2 Oct 2020 11:36
There's me spouting off that I've been in this share for 5 years. I then decide to have a check back and realised that it is only just over 3 years! Just goes to show how time flies when your enjoying yourself!! The extract below is from an article in May 2017 in the AJ Bell Shares magazine that prompted me to invest in the first place, it must have been pure greed in the first instance. The share price at the time was 3.88p with a projection of 12p. To be fair, the sharwe did double in price in the first year, but promptly slumped again.
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We reveal the stocks which analysts believe could soar in value over the next year or so.
Seeing Machines (SEE:AIM) 3.88p
Target price 12p (FinnCap)
Difference between current share price and target price: 209%
The company’s driver monitoring systems are already being resold into the mining industry by Caterpillar; the next leg up will likely be in cars.
A deal with one massive car maker could see some luxury models roll off production lines
later this year, but getting a second or third original equipment manufacturing (OEM) motor deal is perhaps what is needed to really ignite the share price.
Fleet trucks, trains and planes are target market opportunities at an earlier stage, and don’t rule out EU regulations enforcing implementation of monitoring equipment to avoid major crash catastrophes.