Member Info for Fevertreeman

S/o is reducing

Newland's appalling track record of shareholder destruction is quite something. None of us who are s/holders (and who have held not traded) has made a single cent of profit in the last decade, and that excludes the constant dilution from fundraising along the way. Newland's PT Barnum show was alive and well at the results: the sp briefly rallied from its lows not because of any positive commercial news but because the cash runway has been pushed out a little more. If, and only if, we have a string of half-decent commercial contracts where the value is disclosed (something that has been consipicous by its absence to date) & d some positive trials news, then may we will recover from the mess he has put us in. But given the terrible track record, how confident are you that Newland can do this?

So here we are again touching 13.5p: where are the board purchases? Where are the inaugural share purchases from our new CSO or CCO, or for that matter Nero and the CFO?

Participation at yet another industry conference; all well and good but after Nero telling us how brilliant this system is for years, it is clear that beyond his imagination, the FDA, and a few small collaborators, the commercial partners at Big Pharma, biotech, & the world of medical research dont know who the hell they are, hence the constant participation in junkets around the world.....

Hard to know if there were leaks ahead of yesterday, or whether it was just a combo of market makers & traders positioning ahead of an uncertain set of results. That said, SCE really does need to up its game in terms of its interactions with the public markets....hopefully the addition of some experienced leaders in CFO and COO will make this a far more professional operation:.

Exhibit One: Website: totally unfit for purpose if it is not up-to-date. CFO and COO appointed early Sept, and still not on the website., day after results! Do the advisers or chairman or CEO ever actually look at it? Who the hell is managing this, given it's the first port of call for investors.

Exhibit Two: communications strategy : they need to become far more professional and savvy in how and with whom they communicate if they want to expand the share register, and build a bigger external profile.

Exhibit Three: share price chart shows a continual left-to-right descent. Markets hate surprises ; management has done a very poor job of managing expectations and with messaging, leading to a significant loss of credibility.

Negatively word an RNS - never happened on my watch I assure you.

If only t'were that simple. Selvey should go, as he has proved as effective as a chocolate teapot and is equally responsible for the mess that Nero has put the company in.

Looks to me like there are some bigger issues than the impact of Hollywood strike to force spectre of rescue rights issue.

Would like to buy as its got a great position, but something is very rotten in the state of Denmark here, and I'm unsure what

It would be a sign of confidence if we saw concerted buying from our management. NEDs have stepped up regularly. Time to see if Johnson and Isabelle are prepped to put money in...if not now, when?

Agreed ….and I’d like to hear them explain their marketing strategy if s/potential customers, shareholders & the media have no idea who their customers are. Utterly daft in the digital age

Tend to agree ….Zeus have cut their numbers and target price which doesn’t help; can’t see it drifting much lower but if it does will pick up more.

The cash situation is a concern, however the blunt instrument of a dilutive cash call on s/holders may have been Route One previously, but given OEM support and the growing order book, and with a fresh CFO, I would though that there are a range of other routes available to them that would reduce the need for a call on s/holders, and so I expect the sp to bounce in due course, helped by a couple of decent contract announcements before year end.

Memo to Board: high time Bundred dispensed with the fiction around not naming the customers. Doesn’t he realise the power of brands? Why on earth aren’t we harnessing that ? Utterly crazy, if Aston Martin, Lucid, Koenig, etc are customers NOT to release the names

Dreadful set of figures - truly awful on every metric. Crystal clear that management change is now needed - chairman Abdullah is clueless and has to go. Management clearly has no idea what is happening in their markets - hence totally false lead at the FY results published in May. Abdullah either had no idea how bad the tendering was or just lied - either way it’s a disastrous set of figures.

Rail has been an inside for ages - but what have they done to reduce dependence on UK market = Nothing! One tender only FFS….

Defence seems to have been a surprise to them too….

Meantime SFA is happening to change the dynamics. Shameful performance by Abdullah and I feel desperately angry and sorry for the staff. He needs to go!

Worth pointing out Bundred and Johnson have raised £40.4m from s/holders just since April 2020 !!! With current mkt cap of £74m that funding = 54% current mkt cap.

If thes boys can’t get their act together (and soon), then PE or a major listed materials group is going to do it for them. You don’t have to be a PE guru to work out that s/holders have spent 10s of millions to back the tech to get to this point! With proven tech, growing demand, a big order book, & Tier One customers ST should be flying. The fact they aren’t is a real cause for concern, as they look a slam dunk for a bid

Lol!! I think you’ll find SCE is terrific business even if management has stumbled over last 12 months. The difference between the two is night and day:

1. Quality of Board

2. SCE’s 2 senior management hires (CFO & COO) vs Agl’s

3. Order book

4. Customer base

Newland is still unable to clearly articulate HOW he intends to reward shareholders for the £100m+ they have given him since 2017. Issuing vague Del-Boy comments about "we'll be millionaires" as the clown did yet again in the presentation is disgraceful given that he now has his FDA cert, but is still unable to set out a clear road map to adoption and profitability. And what of the 50+ companies he was in discussion with? Why has that been dropped from the narrative given he pressed that talking point so hard for so long.

That’s a concern of mine too! We know the production process has stuttered and been rejigged several times. So what’s COO’s take? We also know that financial forecasting has t been their forte ( remember the surprise profits warning and also fund raise?), so let’s hope Cunningham didn’t leave a mess behind that CFO decides needs restating. One hopes that these two understand that investor confidence remains fragile out there. We haven’t had a decent uncaveated statement out of the company for ages!

One presumes the Board is fully aware of just how important the messaging is going to be for investors on the 27th. Especially so given the bullish comments made in the trading update in July about contract news. So far, 2 months we’ve had no further contract announcements so it looks like that part at least all hangs on final quarter:

The Board still expects the Company to be profitable in the second half of 2023.

The Company is continuing its work with customers on converting its prospective contact pipeline into firm orders with further announcements expected in the current financial year.”

Dreadful isn’t it! Newland has been a brokers dream (constantly raising monies giving them revenue) and an investors nightmare. There appears to have been virtually no oversight from the Board (Selvey esp) of why Nero has done with the money. The narrative will appear to be this : every 12 months or so, Newland gets twitchy because he s spending like a drunken sailor and then goes out either on the back of some pending ‘ good news’ or on the wake of ‘ good news’ and hots the cash register again. Problem and it’s a big one - Newland has run out of willing buyers because they have rumbled him. As a result, he can’t get a raise away now unless he can provide avital evidence of adoption and a number of big cash generating contracts. Note that the ones announced were so pitifully small that financials weren’t disclosed ( client confidentiality will be excuse).

Jefferies must have been strapped into a chair by Nero and fed magic mushrooms to increase their tp from 65p to 75p on the back of a results presentation that provided absolutely no evidence of any improvement in commercial prospects beyond a cash runway extension, that Nero will inevitably spend !!

and the question that attaches to his annual smash n cash grabs is simply this wtf has happened to our money? he was at again with the presentation about a/holders going to make a lot of money. no one who has invested with this facsimile of a successful ceo and his clownish board has made a single penny. indeed everyone is massively under water. as i mentioned i failed to go back on fund raising before 2017 as couldn’t be ****d but am guessing more of the same.