It's also, as usual, very poorly drafted. |
That is an horrendous update.....going to run out of cash it seems. |
Bones it says £4m cash advances in 2025. The £0.5m was at year end. But likely a huge chunk of it was used to catch up supplier positions and enable production to start again. Looks like it ground to a halt just about in Q4. |
 There is a reason the Customers want it to continue.
With a £390m pipeline of business there is a whole lot of cash riding on this so providing £4m of funding is nothing really. Why not go the whole hog and take the Company out seeing as the Market Cap right now is only £4m.
I imagine once one jumps in with a bid they know an auction would unsue which would see the price rise rapidly towards the Net Asset Value at the very least.
There is also the possibility of Chinese coming in.
UK Government is seriously under pressure to deliver on growth so i doubt they would want a UK company going abroad so we still have potential of some UK Government funding.
All in all a lot of options remain here.
The prognostications of the bears about imminent failure / Admin and disastrous discounted dilutive placings have all come to nothing. Clearly these 'experts' don't understand the real strategic value of SCE to multiple parties. There is no way this can be allowed to go down. Only issue is what level of dilution we get or what level any takeout occurs at. In the meantime we know the Management/Insiders set their own options at 1.7p in September. Decent risk-reward punt still. |
I find it encouraging that the loan has been drawn down. If there was a prospect of admin they wouldn't have been allowed to do that. So I think they have another 6 months given 4m of working capital in place and negotiations in place for more. I keep thinking they could turn it around but it just seems incredible they still working through issues after 3 years. |
Oh dear after all your chatting and BS tour now losing money . Perhaps you should have listened but then again your braincell was in full use pressing keys .
Desperate traders now trying to prop this up . I suspect the MMS will have fun with them now |
According to derampers this was meant to be the dreaded RNS and admin. Well it's not happened and new CEO has now given this a very good chance of survival. |
Problem is they could get another 20m and still not improve . Yes it would kick the van down the road but it won't be enough . Personally doubt they can raise more than a few million at this stage from equity maybe 5-8m at a very heavy discount . Not enough .expect a bad rns next either way from here |
69guy? BAU? Yes I guess so. Yields are terrible. They are heamoraging cash and only surviving at the whim of the OEMs or previously equity raises. This is at least the 3rd go at a rescue. They need a major/transformational rescue deal. I hope this is ongoing (despite being omitted from the RNS) and it leaves me with some equity. |
69 your one deluded individual I'm afraid.
AMT the product is and always has been good but if you can't make it for the price or in the numbers required it's game over sooner or later and it's been nearly 3 years of disasters trying now with no end in sight |
If you have seen their staff and way of managing it's no surprise that things haven't improved . Suppliers beginning put a halt to their supply as payments become increasingly unreliable .
They have cut every corner possible and now customers are just securing their short term needs until they can come up with other solutions as this can't supply what's needed reliably . The business is a mess and still continues to be . Look at the amount of money they have blown to produce 8.4m of discs . Comical but for how much longer |
Must be a fantastic product for customers to be so supportive. Customers must still believe its possible to turn around. |
They OEMs have thrown cash and consultants at it and manufacturing has gone backwards. Nothing they do can get them out of it save for a big slug of cash and patience maybe. But who in their right mind woukd back this team. |
Personally ,, the management must be a bunch of muppets ,, how long do they need to sort a production problem out with their team ,, which includes the equipment suppliers … imho |
Good that they have drawn down all of the loan so at least they can purchase all the equipment they need.
They don't seem to be making much progress resolving production issues unless it was a shortage of materials that caused the problems. At least they had a period at 78% yield, so it must be possible to mass produce. |
Totally agree this should be lower and not bounced but shows there are some silly people around .the update was a total disaster in every front and KJS comments at the end almost funny . Time is running out here fast now . Almost game over I would say and so should be back to its lows . They will be trying to raise 5-10m and at 0.1p but it will only extend the disaster a few months .
They can't make the discs in the number or efficiency required simple as that |
How exactly are they going to repay/service the debt they have to Liverpool and the OEMs. At this level of manufacturing performance they must be very cashflow negative. I thought they were working on a solution to provide long term financial stability but having mentioned it in the last rns they have now dropped it. So how do they get out of this situation. Unless of course they are still working on something but didn't think it relevant to this update. But can't see how anyone would think it wasn't. |
How the f did this bounce on that update Should be 0.1-0.15p |
Sorry but cyber is tight your talking yourselves into thinking it's positive when it's not . You say supportive ,I say looking after their short term needs to make changes as this is going under . Should have been a success story but turned into a nightmare and can't make the discs for the price they sell them .
Thrown cash at it and not helping . Unfortunately if you look at their employees and style of management it was never going to work |
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