Agree with you bothIMO the re-rate will occur when the Mega line...

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Mondo1960

926 Posts.

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28/02/22

07:35

Post #: 59858908
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Originally posted by Bobox: ↑

Overall the forward looking situation remains positive. Mega line on time and budget, OEMs progressing through engineering and continuing new contacts. Worse numbers compared with 21 due to removal of jobkeeper. COVID restrictions winding down across the world including staffing impact improving.

The discussed and now resolved issues with TB coating and resin are annoying it seems to reinforce the challenges and benefits of being first to take carbon wheels to high volume. The team can solve the issues and the issues will be there for any competitor to face (as well as a patent bank). Still anouther 6-12 months from a major SP re rate I think.

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Originally posted by ralphwiggum1: ↑

Agree with all of that, only thing I'd say is that there may be one or two new contracts announced in the next 6 months, that if they are for high-volume vehicles, should see the share price head upwards in a meaningful way.

It's all a bit of wait any see at the moment. The demand for the Corvette wheels is promising, if the CBR option is priced under $12K then good times ahead, but I doubt they'll be able to get the price down that low. Maybe $14-15K.

The meagline construction on budget and schedule is great news, and commissioning later this year is even better news. I would imagine one of the 4 new larger contracts underpinning the megaline will be announced at the time the megaline gets fired-up.

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Agree with you both
IMO the re-rate will occur when the Mega line comes into operation hopefully as expected by the end of this year
This will assist in getting production costs down and make CBR wheels more affordable
This is important if the wheels are going on EV

CBR Price at posting: 92.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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