SCE has reported FY2015/16 results which are essentially in line with our expectations. Most importantly, the business remains well capitalised to build new manufacturing capacity, which appears to be going according to plan, while all the key OEM opportunities remain broadly on track. One opportunity is particularly promising and the prospect of higher volumes here than we previously assumed has prompted us to increase our price target to 30p (from 25p). Confirmation of this (expected Q1 201
10 Oct 2016
OEM opportunities remain very exciting
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OEM opportunities remain very exciting
Surface Transforms PLC (SCE:LON) | 3.1 0 (-10.1%) | Mkt Cap: 10.9m
- Published:
10 Oct 2016 -
Author:
Cavendish Research -
Pages:
12
SCE has reported FY2015/16 results which are essentially in line with our expectations. Most importantly, the business remains well capitalised to build new manufacturing capacity, which appears to be going according to plan, while all the key OEM opportunities remain broadly on track. One opportunity is particularly promising and the prospect of higher volumes here than we previously assumed has prompted us to increase our price target to 30p (from 25p). Confirmation of this (expected Q1 201