Surface Transforms Share Discussion Threads

[talkman2] 14/11/2016 09:14

Still no formal contract announcement .

[panic investor] 08/11/2016 11:18

you certainly dig them out Rivaldo !

[glyn10] 08/11/2016 09:15

nice article Riv.

[rivaldo] 08/11/2016 08:26

News re the BAC Mono (with ST brake discs):



"BAC Mono with CCST discs takes record at Anglesey
November 07, 2016

The BAC Mono with CCST brake discs - driven by Richard Meaden of evo magazine - became the fastest road-legal car tested by evo at Anglesey Coastal Circuit. The lap time of 1:07.70 beat the previous record-holder (McLaren P1 GTR) by exactly one second.

The Mono features a 2.5-litre Ford Duratec four-cylinder engine tuned to deliver 305 bhp and 310 Nm of torque; the one-seat supercar weighs just 580 kg (only 7 kg of this coming from the light-weight CCST brake discs), giving it a 525 bhp per tonne power-to-weight ratio.

This success adds to the fastest ever Goodwood Festival of Speed Roadcar Hill Climb time last year and topping the Top Gear Power Lap Leaderboard in 2013 and BAC intend more iconic circuit record attempts in 2017.

Driver Richard Meaden said, "Driving the Mono is a quite amazing experience. From the what you climb into the car to how connected you feel with the road... you have a constantly remind yourself that you're in a road car when behind the wheel. Beating the McLaren P1 GTR by that big [of] a margin is simply staggering.

BAC Design Director Ian Briggs said, "The Mono has proved time and time again that it can compete with the best in the business, and its remarkable lap at Anglesey has made it a true pace icon."

You can see the full article on the BAC website."

Here's BAC's version:

[longshanks] 19/10/2016 07:41

I would hazard that it is simple "profit taking" and rebalancing of portfolios.890k shares that have been sold into an upward moving market is nothing to be concerned about IMO.If they continue to offload all ~4m remaining shares in the unit trust then that is more concerning but I don't believe that is the case.

[markm1980] 18/10/2016 20:57

890k shares or £890k worth of shares?

[toffeeman] 18/10/2016 19:32

HH have sold 890k since the fundraising

[longshanks] 18/10/2016 17:49

Looks like Hargreaves Hale have been offloading a fair few shares since August: many linked to Marlborough Fund Manager's unit trusts.

[longshanks] 10/10/2016 17:01

Overall I am quite satisfied with these results. Some slippage in OEM contracts but new factory is on schedule and they seem to have a potential capacity constraint on the horizon for 2019: a nice problem to have.One can't blame the MMs trying a small shake on the "flat production" headline. The shares remain tightly held though and demand remains high. Plenty of scope for decent news flow over the next six months - it looks like German OEM 3 is in prime spot to sign a deal once they complete their quality standards paperwork. It is though, especially interesting to see that German OEM 5 is keen to secure some capacity over its competitors - given the potential constraints for 2019. I imagine Kevin and Dave will be driving some nice "loan" vehicles in the near future.

[graham1ty] 10/10/2016 15:44

This is a pretty good recovery from this mornings weakness. Hope that means the D&K Show are doing the rounds and impressing everyone

[rivaldo] 10/10/2016 10:15

Cantor Fitzgerald summarise as follows today - they have a 40p target price and a 70p target based on DCF with revenues incoming from all five OEMs:

"Good commercial headway in FY2016

Surface Transforms' ('ST') FY2016 results highlight strong commercial progress for its differentiated carbon ceramic brake discs, where it is advancing discussions with five automotive OEMs. In particular, ST recently signed a pre-production contract with its 'German OEM three' customer and subject to agreed operational goals, it intends to introduce ST on a higher volume than previously discussed, with initial sales envisaged in FY2018. Elsewhere, retrofits and near OEM sales grew by 33% to £557k and ST's aerospace contract is still anticipated to commence production in early 2018. Investment to increase capacity and reduce manufacturing costs by 50% is also now well underway and management is now targeting relocation to the new Knowsley facility by 2016 end; ahead of schedule. We retain our Buy and TP of 40p in anticipation of further positive news flow over the coming months to support on-going share price momentum."

[toffeeman] 10/10/2016 10:02

See post 1750 [ITYS :)]

[graham1ty] 10/10/2016 07:54

Cantors target price of 40p

[amt] 10/10/2016 07:50

You cannot acuse them of lack of detail. This is how it should be. Very informative. Delays but longer term looks good.

[graham1ty] 10/10/2016 07:46

FinnCap have increased their target price to 30p on the basis of OEM3 higher volumes

[rivaldo] 10/10/2016 07:41

The m/cap here is still only £21.7m, unlike many other "jam tomorrow" stories which have £50m-£100m m/caps or more.

And unlike them, SCE is well funded and has continuing current profitable revenues and specific pre-production agreements with a range of multinational customers which would bring in secure and large annual revenue streams.

Today's RNS is a mixed bag, with OEM5 accelerating activity and slight delays elsewhere, as is to be expected in these large testing and scale-up programmes. 6 months here and there is nothing in the scheme of things.

Meanwhile OEM3 is introducing SCE brakes to a new model with "significantly higher" volumes, which is extremely good news. OEM3 will now have higher forecast sales in year 17/18 (note, only 12-18 months away, NOT 3 years).

And also good to see the military aircraft contract win going smoothly.

[mr macgregor] 10/10/2016 07:22

Oh dear. It's not even a jam tomorrow story. Some jam possible in three years time but slipping. AIM has lost the plot recently.

[quemaster] 09/10/2016 19:47

This was in the Sept 5th RNS notice of preliminary results.

"In conjunction with the Company's preliminary results, Surface Transforms management will host an analyst presentation at 09:30 a.m. on 10 October 2016 at the offices of finnCap Ltd, 60 New Broad Street, London EC2M 1JJ. Attendees are requested to pre-register by emailing the Company at [e-mail]"

Not going myself but may go to AGM.

[graham1ty] 09/10/2016 19:31

Quemaster, where is the presentation after the results ? I usually get invited, but have heard nothing this time

[quemaster] 08/10/2016 01:00

The results will show turnover increased to about £1.4 Million but its all about the future OEM contracts.
I have increased my holding this week as I believe there will be no bad news regarding the OEMs and the closer SCE get to "Start Of Production" dates without termination of contracts the better.
The British OEM1 is potentially due and we have a presentation after the results so I am expecting a positive share price reaction on Monday.

[graham1ty] 07/10/2016 13:35

Rivaldo, could we ask David or Kevin to comment on the report on Monday ? Or maybe half the results RNS will be full of quotes !

[panic investor] 07/10/2016 11:12

rival do, you could sell a few dozen of your 40p ACSO shares ! :-/

[rivaldo] 07/10/2016 11:12

The full report is here and costs a mere $5,000.....and it's not worth getting the free sample as it's just the table of contents. Oh well!

[tini5] 07/10/2016 10:09

Nice tick up this morning. Bumping up ahead of results on Monday?