Surface Transforms Share Discussion Threads

[bagpuss67] 16/10/2023 08:22

Agreed pink foot was thinking the same thing this am

[regandharry5] 16/10/2023 08:22

Not necessarily, but it means that we have the best product.

[pinkfoot2] 16/10/2023 08:14

I think Brembo may make a move soon-it must be hurting their model now.Either that or PE who will be looking at that order book and margin

[sunshine today] 16/10/2023 08:03

It’s clearly good news, problem is, they will come out with the begging bowl and crush long term holders yet again. !!!

Note the broker was on the case at the open. ( build up ).

Good luck

[pinkfoot2] 16/10/2023 07:59

I’m told the margins are still comfortably north of 60pc-this is fantastic in the automotive world

[chezt] 16/10/2023 07:56

Some investors may have lost confidence in SCE, but as Graham says this shows that the OEMS who have seen first hand how the ramp up has been going, are fully confident in SCE’s ability to progress.

[glyn10] 16/10/2023 07:55

Great news, a vote of confidence in the company and the product !

[rivaldo] 16/10/2023 07:31

Superb news - a £100m contract win from OEM10, "one of the world's largest automotive OEMs".

And won in an "intensely competitive" process, no doubt against Brembo.

As Graham says, this is yet more superb validation for SCE.

[che7win] 16/10/2023 07:30

“selection process was intensely competitive”, does that mean the profit margins for this contract will be small?

[regandharry5] 16/10/2023 07:29

Tier one supplier, also brilliant news. with a current MKT Cap of 6o million, Id say we're a tad cheap.

[pinkfoot2] 16/10/2023 07:29

Indeed Graham-these OEM undertake incredibly onerous audits of their supply chains.Been there and it’s a real tough gig to get through.

This is fantastic verification

[fft] 16/10/2023 07:26

Must be time to start planning the USA plant as has been mooted in recent conference calls.

[regandharry5] 16/10/2023 07:23

Well done everyone, and gives us time to sort out the larger production required. Is there enough space at Knowsley or will it mean a ne production factory somewhere else.

[pinkfoot2] 16/10/2023 07:18

Fantastic news-well done

[ayl30] 16/10/2023 07:16

Indeed, starts in 2027, will require further factory expansion - funding?

[spookies] 16/10/2023 07:04

Another 100m added to the pipeline well done ST

[bagpuss67] 16/10/2023 07:03

Get in.....

[jerarnie1] 12/10/2023 17:33

Good to see ST visiting the MIA CT23 Motorsport Engineering and Technology Event at Silverstone today.Reminds me of the initial excitement regarding opportunities in F1 and GT from early AIM days.

[bdaonion] 11/10/2023 20:37

ST announced their tie in with RMA Trackdays in August 2021, so it seems it is an ongoing event.

[radgimus] 11/10/2023 17:47

Not a Porsche AG event, just aftermarket users

[fevertreeman] 11/10/2023 16:26

It hasn't just been production issues that has hit the share price: we've had a surprise equity raise, a profits warning, big financial costs to reright the production issues, and a resulting fall in cash position. And don't forget we had last CFO jump ship to Churchill China...so Mr Market has decided that he doesn't trust the management team not to announce another banana skin or two......If a predator jump in now at 70p they'd struggle to convince me of the merits of sticking with the team.

[bones] 11/10/2023 16:08

That's ADVFN for you. Inability to program in a minus sign when that is in the source data :)

[robinbell] 11/10/2023 16:05

If you want to make it look like a lot of selling (on ADVFN at least) sell a bunch of shares twice but then cancel one of the trades. Hey presto you have three big sell trades for a third of the effort.

[quemaster] 10/10/2023 21:40

I think any contract win would be good news, if it's with an OEM that already has a live contact then it's further evidence of carryovers, if it's a new OEM then a few years of testing and engineering getting onto a new model have got our brakes in the OEMs "parts bin" making carryovers the easier option for models of similar size in the future.

We have crossed the initial hurdle with multiple OEMs now, I'm guessing that they were willing to go through the process with ST because we have the superior product, the OEMs wanted to pull another supplier into the market and were able to develop a good working relationship with ST. I don't see why the OEMs would be motivated to adopt a new entrants brakes if they were only comparable to ours considering the years of work involved.

Contact wins have done little to improve the share price recently due to production issues but the value of getting into so many different OEMs supply chains is very valuable to any predator which worries me.

I think it's to soon for Porsche but would love to be wrong.