DJ Hardman & Co Research on Surface Transforms (SCE): Interim results
Hardman & Co Research
Hardman & Co Research on Surface Transforms (SCE): Interim results
28-Sep-2023 / 13:55 GMT/BST
The issuer is solely responsible for the content of this announcement.
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Hardman & Co Research on Surface Transforms (SCE): Interim results
SCE interims, yesterday, reported a loss, so the chairman's statement of "considerable strategic progress" is notable.
We concur. The automotive brake market is strong, all the more so in SCE's market of carbon ceramic discs. SCE's order
book since end-2020 is up nearly six-fold and it makes an explicit statement as to supportive customers and prospects
for more orders. Capital investment is in place and operational for our 2023 sales estimates, and there is clear line
of sight for GBP50m p.a. capacity during 2024, with spending already started on the next rise to GBP75m p.a.
Please click on the link below for the full report:
https://hardmanandco.com/research/corporate-research/interim-results/
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To contact us:
Hardman & Co Contact:
1 Frederick's Place
Mike Foster
London mf@hardmanandco.com
EC2R 8AE
www.hardmanandco.com
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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.
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Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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1737205 28-Sep-2023
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(END) Dow Jones Newswires
September 28, 2023 08:55 ET (12:55 GMT)
