Anybody interested in this AIM listed OEM within the Semicon market? I have bought shares in this company last year , but would appreciate good no-nonsense feedback about future potential growth. Share price seems to jump quickly with low volume buys and did do very well during the last semicon boom during 1999/2000.

Looks like you were right sumo UP 30% today!

Hi Apple

Thanks for the response. These guys will go up in value.....if they pick up a few orders. And they will pick up orders. I still think the share price is low and offers good value for quick gains. But they need orders for tools. It seems that the market is picking up and fabs etc are spending money. This will effect the longer term performance of SRTS and others. They jumped to 50p earlier this year based on no more than a few buys and expected pick up in the market place. I still think they are worth a punt at todays price.

sumo

Very difficult to judge this one.

Yes, fabs are spending BUT semiconductor demand looks as if it has peaked & cancellations of new fabs now look likely.

However, those in progress will provide business for SRTS for a while before the downturn comes.

So SRTS may have a good year BUT what about the following year?

Looks like STS need funding from parent company Sumitomo. See LSE dated 14th July.
Still no real orders in the bag but better than last year........and that was crippling. With regard to the boom/bust of the semicon market ask around , you tend to get various views and opinions.
Still optimistic that orders will materialise and if they do expect to see shareprice move accordingly.

Sumo

Hi anyone

Anybody, are you taking note of this company? Check out the recent news and make up your own mind. Up 70% ish today lots of RNS activity. I think they have orders in the pipeline and may take off for a quick profit?

As always DYOR.

Sumo

Oh well another one that I missed, enjoy your profits sumo!

STS picked up orders from TSMC. Found this article today in a market mag. Maybe future orders for STS in the pipeline depending on this order?

DYOR Sumo

TSMC's Q2 Profits soar on big demand
Increased popularity of laptop computers and digital cameras seen fueling the surge
2004-07-29 / Bloomberg /
Taiwan Semiconductor Manufacturing Co., the world's largest supplier of made-to-order chips, may say second-quarter profit doubled as demand from customers such as graphics-chip designer Nvidia Corp. exceeded capacity.

Taiwan Semiconductor, which reports results on July 29, will say net income jumped to a record NT$22.7 billion (US$673.5 million), or NT$97 per share, compared with NT$11.7 billion, or NT$58 per share, a year earlier, based on the median estimate of seven analysts surveyed by Bloomberg. Sales, posted earlier, rose 30 percent to a record NT$64.9 billion.

"We have heard they continue to essentially be sold out of capacity," said Mark Herskovitz, who counts shares in Hsinchu- based Taiwan Semiconductor among the US$2.1 billion he helps manage for the Dreyfus Premier Technology Fund in the U.S. "Business in the quarter seems to be pretty good."

Global semiconductor sales surged in May to their highest level in three-and-a-half years, helped by demand for consumer digital products such as laptop computers that can link wirelessly to the Internet and cell phones that take photos. Taiwan Semiconductor's smaller rival Chartered Semiconductor Manufacturing Ltd. cut its third-quarter sales forecast after its customers forecast a slowdown in demand.

Industry prices rose in the second quarter because Taiwan Semiconductor and rivals such as United Microelectronics Corp. had more demand than they could meet, according to Alfred Ying, an analyst with BNP Paribas Peregrine in Taipei.

Advanced technology

Taiwan Semiconductor's average selling prices improved by as much as 5 percent from the first quarter because of strong demand for chips made with its most advanced technology, he said.

Nvidia, which accounted for a fifth of Taiwan Semiconductor's 2002 sales, needed more chips than Taiwan Semiconductor could provide, Jen-Hsun Huang, chief executive of the Santa Clara, California-based company, said in a June interview.

The chips Taiwan Semiconductor makes for Nvidia enhance graphics in personal computers and consumer electronics products such as Microsoft Corp.'s Xbox video-game console. Nvidia forecasts sales of US$500 million in the second quarter ending July 31, compared with US$459.8 million in the year-earlier period.

Global shipments of notebook computers would rise by 33 percent in the second quarter from the same period a year earlier, according to a report in May by Taiwan's government- funded Market Intelligence Center.

Increased demand

Taiwan Semiconductor, which has more than 40 percent of the made-to-order market, according to researcher Gartner Inc., said it expects second-quarter demand to increase "strongly" for chips used in consumer products and "modestly" for communications products such as cell phones.

Consumer electronics such as digital cameras accounted for 16 percent of the company's revenue in the second quarter last year. Computers accounted for 43 percent.

The company hasn't kept up with orders for image sensors, chips used in digital cameras and cell phones to capture photos, the company said on June 4. Taiwan Semiconductor makes the chips in its older plants.

Worldwide digital-camera shipments by Japanese makers such as Sony Corp. and Canon Inc. surged 41 percent in May from a year earlier after rising 66 percent in April, the Tokyo-based Camera & Imaging Products Association said. The association says its data covers 80 percent to 90 percent of digital-camera sales and shipments globally.

Telecommunications chips accounted for 34 percent of the company's revenue in the second quarter last year. Taiwan Semiconductor is a supplier to Texas Instruments Inc., the world's biggest maker of cell-phone chips, and rivals of the Dallas, Texas-based company.

"Wireless and mobile communications products contributed the most to strong average selling prices," Ying said. "The third quarter will still be very strong."

Taiwan Semiconductor earlier said it expects this year to exceed its record quarterly net income of NT$21.5 billion posted in the fourth quarter of 2000.

SRTS shares up by 13% today on small buys. They have the investment required by Sumitomo.........see article below. They much more importantly have orders in the pipeline for the remainder of this year. These guys are worth a gamble for a healthy return.

As ever DYOR - but i've put money where my mouth is.

Surface Technology Systems PLC
12 August 2004




Surface Technology Systems plc ('STS') is pleased to announce that at its EGM
held today the resolution required to approve the issue and allotment of
5,000,000 Cumulative Redeemable Preference Shares of 1 to Sumitomo Precision
Products Co. Limited, STS's parent company, was duly passed.



This information is provided by RNS
The company news service from the London Stock Exchange

this is the wrong price ,they have ship out over 30 machines which sell for over 1 million each they will be in decembers numbers and will put them in the black.there valued @ 5 million wrong price near 50 million.my stockbroker how normal buy blue chips and never bothers about with theys said he can see 80pby aug 05.well @17 18p woth a buy.

nice move today

another one missed by sue hellen wonder why

maybe its because it dont need ramped in my opinion

told u so

what does it mean when directors start buying their own share

hmmmmmmmmmmmmmm????????????????

lol

watch this burdy fly

did you see it fly butane

lol

missed it then butane lol

dont understand how ppl aint jumping on this gem

anyone know anything i dont

why
why
why