Zinnwald Lithium & Seeing Machines: 2 AIM shares with over 200% return in a year

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 Zinnwald Lithium & Seeing Machines: 2 AIM shares with over 200% return in a year
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Highlights

  • Ganfeng Lithium would acquire Bacanora in cash and Zinnwald shares, in which Bacanora has a 36 per cent stake.
  • EROAD Limited has recently integrated Seeing Machines’ Guardian technology into its fleet management software to combat driver fatigue and improve road safety.

The rush to meet net-zero emission targets have increased demand for electric vehicles and lithium batteries. Shares of companies engaged in supplying lithium for battery production are in demand thus offer a higher return prospect to shareholders. Increasing emphasis on road safety and growing integration of advanced technologies with automobiles is expected to bode well for advanced technology solution providers and investors investing in these companies.

Here we take a look at two such AIM-listed stocks - Zinnwald Lithium and Seeing Machines.

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Zinnwald Lithium Plc (LON: ZNWD)

Zinnwald Lithium is a lithium development company that intends to become a leading supplier of lithium for the European battery industry. Recently, Ganfeng Lithium announced the takeover of Bacanora Lithium (LON: BCN) for £284.8 million ($391 million). Ganfeng raised its earlier offer to 73.6 pence per share in cash and Zinnwald shares, in which Bacanora had a 36 per cent stake.

For the financial year ended 31 December 2020, Zinnwald Lithium recorded an operating loss of €2.2 million compared to €0.5 million loss in 2019. The closing cash balance for the Group at the end of the period (31 December 2020) was €4.85 million, an increase from €3.35 million in the previous year (31 December 2019).

Zinnwald Lithium’s shares traded at GBX 22.25, down by 1.11% at 1:00 PM on 2 September 2021. The shares of Zinnwald Lithium gave a return of 226.18% in the last one year to shareholders, and the market cap stood at £57.51 million.

Seeing Machines Limited (LON: SEE)

Seeing Machines provides computer vision technology solutions for commercial, automotive, rail, off-road, and aviation sectors. On 16 August 2021, EROAD Limited integrated Guardian technology from Seeing Machines into its fleet management software to combat driver fatigue and improve road safety. In July 2021, Seeing Machines inked an agreement with Airservices Australia to integrate the former’s technology into its Air Traffic Control environment.

For the financial year 2021, Seeing Machines estimates revenue of A$47.3 million, up by 18% year-on-year compared to the previous year. The company’s cash balance as of 30 June 2021 is estimated at A$47.7 million.

Seeing Machines’ shares traded at GBX 10.78, down slightly by 0.19% at 1:21 PM on 2 September 2021. The shares of Seeing Machines gave a return of 253.44% in the last one year to shareholders, and the market cap stood at £418.57 million.

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