RE: Huge day today7 Oct 2024 07:10
£13.2m loan secured to fund future capital investment
Customer highlights
· Increased order book by £100m (lifetime value) to £390m at the end of the year
· Further demonstrated the ability to win "carry over" business with existing customer OEM 10
· 5 contracts in multi-year revenue generation phase
· Customers have been critical but supportive in response to our production difficulties
Laura2022
Posted in: SCE
Posts: 4,584
Price: 0.375
No Opinion
From another website6 Oct 2024 09:11
Apparently this was posted last night in telegram
Rumoured possible Cheap OEM or strategic take over here.. what price will it be?.. probs around 1p imo, thats after having taken a big stake last week. Around 40% stock sold… decent 15m block buy late Friday too at 0.53p someone wanting the stock!.… expecting fire works here soon. If the OEM’s have £400m of orders awaiting delivery then makes total sense to take the lot ..cheap.. they’ll save a packet on costs and can then ride out the development phases taking all the spoils when completed. Not rocket science here, especially with £100m spent to date