Member Info for Al180

25-Aug-21 17:30:14 86.00 1,085,587 Sell* 85.00 88.00 933.60k O

Large trade at the end of the day. I presume a buy as the SP has risen.

I've had a couple of conversations with market makers many years back and my overriding impression was their main concern was balancing the books.
Price manipulation will usually be due to someone who wants to buy or sell a large position and there were people who specialised in getting the best results with trading software.
Serica have no control over this so what can they say.
I see this as a buying opportunity as I doubt the seller is exiting because they think SQZ is overvalued.

It gives the impression of being written by a robot, a badly programmed one at that.

OEM 9 is the next likely candidate from recent presentation information, two models for 2022 are planned with one an option and the other a standard fit from memory, there may be delays but the comments at the time of the fundraising give me confidence that they will be using our brakes at some time in the near future.

For those not familiar with the directors its worth clicking on the "our team" tab on their website, David Bundred for example led the industry introduction of anti lock brakes.

Your welcome Guitarsolo,
I agree there is much to like about SCE.

As far as the margins are concerned i was thinking back to one of the recent presentations, from memory a new production cell costs about £10 million, each new cell adds £15 million revenue , and the payback on investment is 15 months at full capacity, this would suggest something close to previous margins.

Hi Guitarsolo, the 20-25% is net profit, the gross profit on the discs has traditionally been just over 60%. Although we probably can't expect this much from multi million OEM contracts Kevin mentions in the presentation that he was pleasantly surprised at the margins they have been able to achieve for signed and potential contracts, the £75 million revenue prediction from full factory capacity is an upgraded figure.

SCE do hold some patents but have said the main protection is the know how and barriers to entry.
With electric vehicles being a good fit for ceramic brakes and OEM's now being able to duel source I think expanding quickly enough will be our biggest headache.

BMW will probably not be an option for now due to them being part owners of Brembo, I see this as a positive though as this must encourage other German OEMs to duel source for more than just security of supply reasons.

The Surface Transforms BB's across all the investment sites are quiet but of good quality, I always wonder how much hype is in the share price of a busy BB stock. SCE is under the radar for now but i'm sure that will change when the 2021 results show a R&D company has now become a fast growing profitable production company.

I listened to the presentation yesterday, it was aimed at potential investors so no new news. Delivered confidently it explained how we had got to where we are today and how many barriers to entry there are. SCE also showed that they are ready to expand production as new contracts come in, this was followed by 30 minutes of Q&A. The quality of the product and management came across well in the presentation.

Bought in myself this morning, i was doing some research on the company but with the price surging i decided to jump in, glad I did up 10% from my buy price already. Looks very interesting and still relatively under the radar for now.

He is buying with his own money for his personal portfolio as far as I know.

We also collect about 5000 bpd of oil from our 4 producing assets, this equates to around $100m in revenue at a much better profit margin than gas.

At a glance the figures don't look that impressive but after years of testing they have their foot in the door with a major OEM.

At the agm it was stated that a phased approach would be taken starting with an inspection of the R3 well in August, BP were happy to send a rig straight to R3 but Serica do not want to take the chance that an expensive rig will be on site but waiting for a problem to be resolved.

From the year end results released on 10th April Serica said this regarding their share of pipeline cost, "Serica's share of the cost is comparable to some 40 days of Serica's field revenues"

BP did shut down Rhum temporally but it was restarted while sanctions were still in place. Dose anyone know if the decision to shut the field down was an obligation or BP wanting to score points with USA?

BPs share of Rhum production from current 2 wells is 13600 bpd so I think the 7000 figure was an estimation based on this. I did search for numbers myself some time ago but only found comments such significant. I don't believe SQZ have stated an actual figure.

I like the confirmation that the rig has been contracted and Rhum #3 should be producing by the end of the year. I had a quick look for some guidance on how much this will potentially increase production but couldn't find anything. I know some figures were mentioned on here before and seem to remember them being substantial.

My gut feeling is that Serica are going to have a really good week, we have had the initial rise to 66p , the drop down to 53p then a finish on Friday at the highest share price since 2010. With the likes of Stockopedia and brokers putting a bit of meat on the bones other investors will surely come to the same conclusions that most of us on this board have.

Politically BP must of felt under pressure to do whatever the Americans wanted them to do. I may be wrong but did the Rhum field not start up before sanctions were lifted and Irans share held in an escrow account? if so surly this is the path Serica will take if need be.