Good morning, it's Paul & Jack here with the SCVR for Wednesday.

Explanatory notes -

A quick reminder that we don’t recommend any stocks. We aim to cover trading updates & results of the day and offer our opinions on them as possible candidates for further research if they interest you. Our opinions will sometimes turn out to be right, and sometimes wrong, because it's anybody's guess what direction market sentiment will take & nobody can predict the future with certainty.

We stick to companies that have issued news on the day, with market caps up to about £700m. We avoid the smallest, and most speculative companies, and also avoid a few specialist sectors (e.g. natural resources, pharma/biotech).

A key assumption is that readers DYOR (do your own research) - don't blame us if you buy something that doesn't work out. Reader comments are welcomed - please be civil, rational, and include the company name/ticker, otherwise people won't necessarily know what company you are referring to.

Agenda -

Paul's section:

Seeen (LON:SEEN) - speculative, loss-making social media tech platform. Water Intelligence (LON:WATR) and its chairman Patrick De Souza are major shareholders. Not for me.

Seeing Machines (LON:SEE) - it's been a long road to successfully commercialising the technology here but progress has been made and the share price has duly rerated. Revenues are forecast to increase, but losses are also set to continue, making this tricky to value.

Jack's section:

Marshall Motor Holdings (LON:MMH) - car dealer momentum continues and Marshall FY PBT guidance is up from 'not less than £22.1m' to 'not less than £40m'. Impressive given the share price, and the strong trading continues, but the group does flag high levels of uncertainty and an expected realignment of used vehicle values.

Norish (LON:NSH) - micro cap temperature controlled logistics provider investing in a small Dairy division. There are some signs of margin improvement and growth opportunities here, but the stock is illiquid and that might automatically rule it out for a lot of investors.

Paul’s Section

Seeen (LON:SEEN)

43.5p (unchanged today, at 10:07) - mkt cap £22m

This one’s very small and illiquid, and I’ve already decided that I wouldn’t touch it (heavily loss-making, low gross margin, cash burning), but will type up a…

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