||EPS - Basic
||Market Cap (m)
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Surface Transforms Share Discussion Threads
Showing 3676 to 3699 of 3700 messages
|I would hazard that it is simple "profit taking" and rebalancing of portfolios.890k shares that have been sold into an upward moving market is nothing to be concerned about IMO.If they continue to offload all ~4m remaining shares in the unit trust then that is more concerning but I don't believe that is the case.|
|890k shares or £890k worth of shares?|
|HH have sold 890k since the fundraising|
|Looks like Hargreaves Hale have been offloading a fair few shares since August: many linked to Marlborough Fund Manager's unit trusts.|
|Overall I am quite satisfied with these results. Some slippage in OEM contracts but new factory is on schedule and they seem to have a potential capacity constraint on the horizon for 2019: a nice problem to have.One can't blame the MMs trying a small shake on the "flat production" headline. The shares remain tightly held though and demand remains high. Plenty of scope for decent news flow over the next six months - it looks like German OEM 3 is in prime spot to sign a deal once they complete their quality standards paperwork. It is though, especially interesting to see that German OEM 5 is keen to secure some capacity over its competitors - given the potential constraints for 2019. I imagine Kevin and Dave will be driving some nice "loan" vehicles in the near future.|
|This is a pretty good recovery from this mornings weakness. Hope that means the D&K Show are doing the rounds and impressing everyone|
|Cantor Fitzgerald summarise as follows today - they have a 40p target price and a 70p target based on DCF with revenues incoming from all five OEMs:
"Good commercial headway in FY2016
Surface Transforms' ('ST') FY2016 results highlight strong commercial progress for its differentiated carbon ceramic brake discs, where it is advancing discussions with five automotive OEMs. In particular, ST recently signed a pre-production contract with its 'German OEM three' customer and subject to agreed operational goals, it intends to introduce ST on a higher volume than previously discussed, with initial sales envisaged in FY2018. Elsewhere, retrofits and near OEM sales grew by 33% to £557k and ST's aerospace contract is still anticipated to commence production in early 2018. Investment to increase capacity and reduce manufacturing costs by 50% is also now well underway and management is now targeting relocation to the new Knowsley facility by 2016 end; ahead of schedule. We retain our Buy and TP of 40p in anticipation of further positive news flow over the coming months to support on-going share price momentum."|
|See post 1750 [ITYS :)]|
|Cantors target price of 40p|
|You cannot acuse them of lack of detail. This is how it should be. Very informative. Delays but longer term looks good.|
|FinnCap have increased their target price to 30p on the basis of OEM3 higher volumes|
|The m/cap here is still only £21.7m, unlike many other "jam tomorrow" stories which have £50m-£100m m/caps or more.
And unlike them, SCE is well funded and has continuing current profitable revenues and specific pre-production agreements with a range of multinational customers which would bring in secure and large annual revenue streams.
Today's RNS is a mixed bag, with OEM5 accelerating activity and slight delays elsewhere, as is to be expected in these large testing and scale-up programmes. 6 months here and there is nothing in the scheme of things.
Meanwhile OEM3 is introducing SCE brakes to a new model with "significantly higher" volumes, which is extremely good news. OEM3 will now have higher forecast sales in year 17/18 (note, only 12-18 months away, NOT 3 years).
And also good to see the military aircraft contract win going smoothly.|
|Oh dear. It's not even a jam tomorrow story. Some jam possible in three years time but slipping. AIM has lost the plot recently.|
|This was in the Sept 5th RNS notice of preliminary results.
"In conjunction with the Company's preliminary results, Surface Transforms management will host an analyst presentation at 09:30 a.m. on 10 October 2016 at the offices of finnCap Ltd, 60 New Broad Street, London EC2M 1JJ. Attendees are requested to pre-register by emailing the Company at email@example.com"
Not going myself but may go to AGM.|
|Quemaster, where is the presentation after the results ? I usually get invited, but have heard nothing this time|
|The results will show turnover increased to about £1.4 Million but its all about the future OEM contracts.
I have increased my holding this week as I believe there will be no bad news regarding the OEMs and the closer SCE get to "Start Of Production" dates without termination of contracts the better.
The British OEM1 is potentially due and we have a presentation after the results so I am expecting a positive share price reaction on Monday.|
|Rivaldo, could we ask David or Kevin to comment on the report on Monday ? Or maybe half the results RNS will be full of quotes !|
|rival do, you could sell a few dozen of your 40p ACSO shares ! :-/|
|The full report is here and costs a mere $5,000.....and it's not worth getting the free sample as it's just the table of contents. Oh well!
|Nice tick up this morning. Bumping up ahead of results on Monday?|
|If the list of manufacturers, only Brembo and ST are serious players as far as I know.I don't know much about what Akebono offer but I have seen the offering from rotors/fusion and from memory they involve a layer of ceramic material over metal.|
|Thanks for the info Rivaldo.|
|I like "....is expected to increase at an unprecedented rate..."|
|Nice move up.
Big new report out about the carbon-ceramic brakes market, trends, growth path etc - SCE are a prime mover along with Brembo etc. I've sent away for a free report sample, but assume the entire report costs £'000's....
"Impact of Existing and Emerging Automotive Carbon Ceramic Brakes Market Trends And Forecast 2016-2026"
"Over the last couple of decades, carbon ceramic has emerged as an important material of construction for manufacturing brake discs in automotive vehicles. Various automotive components’ manufacturers around the globe have implemented the use of carbon ceramic for producing brake discs. Due to their high performance, the demand for carbon ceramic brakes is expected to increase at an unprecedented rate over the forecast period of 2016-2026, especially for their use in high-performance vehicles and auto sports."
"For enhanced safety of drivers, the use of carbon ceramic brakes has increased exponentially in motor sports due to stringent regulations as laid down by governing bodies running these sports. These advantages are expected to drive the demand for carbon ceramic brakes at a high CAGR between 2016 and 2026."
"Automotive Carbon Ceramic Brakes: Key Players
Some of the key players reported in this study of global automotive carbon ceramic brakes market include, Brembo S.p.A, SGL Group, Surface Transforms Plc, Akebono Brake Corporation, Fusion Brakes, LLC, Sicom (MS Production), and Rotora etc."|