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Seeing Machines – after a trading warning just last month, an intra-day “Fleet Business Unit Update”…

By Steve Moore | Tuesday 4 September 2018

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.

A 10:19am “Fleet Business Unit Update” from Seeing Machines (SEE) would seem innocuous enough, but I note it follows an update last month of sales revenue at the lower end of a lower range and “gross margin is expected to be below the board's expectations”. Hmmm…

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