Hardman & Co Research on Surface Transforms (SCE): Interim results

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 £50m p.a. capacity during 2024, with spending already started on the next rise to £75m p.a. 

Please click on the link below for the full report: 
https://hardmanandco.com/research/corporate-research/interim-results/

If you are interested in meeting the company, you can register your interest by clicking on the above link

Hardman Co Research can still be accessed for free after MiFID II. Please click here to read the statement.

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.