69 and Ethiopia ,obviously you never bothered to look how those stocks performed . Typical amateurs.
Back to sce ,Quazie that's very much my point of view . They seem to come up with endless excuses but very little real progress .
Next rns won't be long now and the usual options remain favourite . Let's see how long the management BS can drag it out .
Quemaster I think that more to do with manufacturing timescales . A redesign of axles to change discs etc would not take anywhere near that length of time . |
well if you aint got cash then no one is going to help you. Suppliers always utilise creditworthiness and place constraints on you. 90 becomes 60 then 30 then its pony up first then we will send you the goods. That is why he is in post |
Reading back the most recent company update KJ seems to be blaming cash constraints as the main issue right now. Surely the root cause of all the company's woes is that he has not delivered on a consistent reliable manufacturing process. Why is he still in post |
It may well come to that bones but ST have talked of a three year process to design in their brakes, maybe this can be done more quickly in an emergency but with the new Corvette being such a high performance vehicle I imagine this could cause real problems. |
Quemaster ,I'm saying they would switch their design to allow use of an alternative disc . They will need time to do that but if sce can't supply discs reliably then they will have to change to an alternative and redesign the car to suit .
That's what I think GM are doing here ,realised that they can't supply them reliably or in time so sent a guy in to get the discs they need until they can move to someone else .
Their reputation is in tatters and it's been going on too long to have faith they will suddenly sort the issues and expand to meet demand .
Hundred was a disaster when it went from innovation to manufacturing as is KJ imo ,one left the other stayed but it's the same old story |
True, there are one or two posters who are somewhat repetitive in their bleakness. |
Yes of course its misleading. I recall Tom posting in a most convincing style that the loan was not real and then when he backed off a bit claimed it hadn't been drawn upon when management had clearly told us it had.
I don't think anyone has any doubts about the loan now, it's real and it has been drawn down.
You get an idea who to take seriously but newcomers are in danger of being misled. |
I'm not sure how this will pan out, but to de ramp a share on guess info. Which is NOT warranted on any forum is misleading. People should be told so. |
Monster, it’s possible to be not sure. I’m often not sure about this stock. Many things in life are not black or white. |
Still de ramping. Your either, in or out. |
I agree with a lot of your recent comments bones698 but I don't see what they could use instead of ST discs, there are no options for alternative supply. Although ST and Brembo both make ceramic discs they are different in design, size and performance. |
The £4m advance payments represent only 1% of the order book. Must be some further potential from this given the poor operating yields. Actually quite impressive they've navigated that operational underperformance. The key risk for us minority shareholders is huge discounted dilution but quite clearly the Management/Insiders don't want that and believe it is not warranted.
Worth re-iterating they set their options at 1.7p in September so must believe a significant ahare price turnaround is possible.
And clearly TR1 agrees. Doubt it is a punt. Maybe has friends who have some knowledge of this situation or similar turnarounds. |
 Seems a serious deckchair just got reinforced 04-Feb-2025
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8.A)
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached
7.600000
0.000000
7.600000
98825273
Position of previous notification (if applicable)
5.020000
0.000000
5.020000
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible)
Number of direct voting rights (DTR5.1)
Number of indirect voting rights (DTR5.2.1)
% of direct voting rights (DTR5.1)
% of indirect voting rights (DTR5.2.1)
gb0002892528
98825273
7.600000
Sub Total 8.A
98825273
7.600000%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument
Expiration date
Exercise/conversion period
Number of voting rights that may be acquired if the instrument is exercised/converted
% of voting rights
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument
Expiration date
Exercise/conversion period
Physical or cash settlement
Number of voting rights
% of voting rights
Sub Total 8.B2
9. Information in relation to the person subject to the notification obligation
1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
Ultimate controlling person
Name of controlled undertaking
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
04-Feb-2025
13. Place Of Completion
edinburgh |
Anyway at least the drawdown occured and Tom won't be able to make claims the loan funds don't exist.
You certainly have to be careful of some of the rubbish written on this BB amongst all the good posts. |
KJ. "Frustratingly our efforts have not yielded the results we expect of ourselves or at the levels of demand our customers require." Doesn't really inspire confidence about the possibility of success. They have been at trying to manufacture discs in volume for some time now. And have not been successful. |
Amt. The loan draw down is secured and they were likley contractuallu bound to permit draw down. The OEMs have advanced seemingly on an unsecured basis but then they really need their discs. All the talk about being behind the company but Q4 must have been really annoying for the OEMs |
TR-1 out, investor RNS buying increased by 2% yesterday! |
Yes no doubt he has done his due diligence.
Bones the loan draw down would not have occured if there was any risk of admin. The backer would not have released the funds.
Somehow they seem to have bought themselves more time.
Whether after 3 years they can resolve all outstanding issues in the next 6 months I dont know. |
So have a lot of other people over the years to no avail |
Kave S seems to believe.. |
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