Surface Transforms Share Discussion Threads

[supernumerary] 18/4/2024 23:37

You started the conversation wrong, and now you're backing out because that fact has finally sunk in. Better late than never I suppose.

[premium beeks] 18/4/2024 23:13

Bore off Super. This is an SCE thread, let's stick to that eh?

[premium beeks] 18/4/2024 23:02

Must remember the saying - don't engage with VRS'ers.

[premium beeks] 18/4/2024 22:38

I'm more a follower of clubby than VRS - I remember him from the "Behind the sofa" hiding days as the heavies from Paragon Diamonds banged on his door!

[bones698] 18/4/2024 22:15

I was right before you on vrs super so don't come her like. Your clever. You post little of use and just like name calling. Back on filter you go and staying there

[supernumerary] 18/4/2024 21:26

lol - been right about vrs since listing. And you? What was your first post there? Don't be shy...

[premium beeks] 18/4/2024 20:36

As a VRS numpty you should be able to spot the signs!

[supernumerary] 18/4/2024 20:30

Is this what they call an echo chamber? Certainly a ringing of empty vessels :¬)

[bones698] 18/4/2024 16:27

Fair question.
For me a share issue is a bad option as the share price is unlikely to recover from these levels ever in such an event given the amount required and risks that remain.
A loan whilst appealing has two issues, firstly it has to be repaid which is difficult when your not making a profit and secondly hwo in their right mind would loan money to a company that is loss making and struggling.
Then there are convertible loans. These have their own risk similar to point one with dilution happening just spread over a longer period. They are also well known to destroy shareholder value with short selling and other mechanisms used to reagin the capital given
Nakther option is a grant as discussed although. If these were viable options you would think they had been explored already and perhaps the window had been missed. Plus they take time to go through the process
Sale of the business formal or otherwise, only works if there are buyers looking to acquire the business. With brembo the only real suitors are they likely to sit and wait and see if it survives and possibly buy it out of admin if at all.

A few other possibi0liiities available but none of them look very attractive for shareholders at this point. How they manage to fund the business and how quickly they can break even are key now. I'd say the odds of a successful outcome are less than 30% for shareholders.

This again shows the difference between a professional ceo and those that promote themselves into the position from inventor to running a business

[premium beeks] 18/4/2024 16:15

Thanks Bones. It was a genuine question, not an area I am familiar with.

[bones698] 18/4/2024 16:12

Premium unfortunately not as much as you think. Many companies have gone under with sizeable tax losses on the books. If they were worth anything these would be snapped up to use. You will find they hold little or no value. Wishful thinking.

[premium beeks] 18/4/2024 15:58

Presumably they would be of value to a potential suitor as well?

[tomtrudgian] 18/4/2024 15:44

misterd1. I quite agree to your reply to my (unpublished) comment. It was partially about the value of the £2.65m agreed by HMRC in the FY22 audited results. How much more will this deferred tax asset increase in the FY23 audited results?

Corporation tax is up from 19% (22/3) to 25%(23/4). Deferred tax assets are now much more important. Unless, as you rightly say, there are no future taxable profits!

.

[misterd1] 18/4/2024 12:29

Tom - that is a key proviso

No profits, no benefit

And in any event the tax asset will simply reduce or avoid a tax payment rather then proffer any funding per se

[yasx] 18/4/2024 11:36

Kemche

Chuckle chuckle. Such is the lack of credibility attached to the existing management.

[kemche] 18/4/2024 11:08

"Surface Transforms.... resulting in a projected FY 2024 range of £17.5m to £22m sales"

So £16m it is then.

[amanitaangelicus] 18/4/2024 08:22

It.ll be a convertible raise if the local Marxists(+ counterparts) wont support a loan. That.ll see the share price halve. Then it.ll be bought out for peanuts. 50:50 for me now. If only wor leaders could do what they say they.re gonna do. Bit like the Tory and Labour Parties. Lying bar stewards 95% of the time

[yasx] 18/4/2024 08:17

Amt,

I agree it is palpably absurd. The Board needs to change and soon.

Bones - I doubt any bidder will pay, say, 8-10p if they anticipate it is heading for administration. In that case they would simply wait for the latter and pick it up for a paltry sum. The only scenario which enables a bid of up to 10p in the short term is if there was competitive tension between more than one bidder. When a distressed Co. engages in a fsp it is usually because they are out of options not calling the shots. Be that as it may, given I am long I hope you are right.

[amt] 18/4/2024 07:38

Don't forget they have schedules with customers so they should have very precise forecasts. Acceptable that these might need revision from time to time but this is ridiculous.
Sales is not the same as production so they should have buffer stock to iron out some of the fluctuations.

[bagpuss67] 18/4/2024 07:35

I wonder what IM is doing/thinking. She has come from a well run plc into this shower.

[bagpuss67] 18/4/2024 07:34

Joe. You may be right. But how does that sound. We are in a crisis and we issue numbers we haven't reviewed.