Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Surface Transforms LSE:SCE London Ordinary Share GB0002892528 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 15.25p 14.50p 16.00p 15.25p 15.25p 15.25p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 1.4 -2.3 -1.7 - 18.87

Surface Transforms Share Discussion Threads

Showing 4576 to 4600 of 4600 messages
Chat Pages: 184  183  182  181  180  179  178  177  176  175  174  173  Older
DateSubjectAuthorDiscuss
25/3/2019
21:59
Assuming Sneller is the Baillie Gifford fund manager ( and the RNS is signed Edinburgh) that is a pretty hefty exposure p.a. He will have had to go through all sorts of hoops with Compliance. And I would have thought he would have to prove that SCE is outside the universe of BG investable stocks ?
graham1ty
25/3/2019
21:43
Richard Sneller has upped his stake again: now holding more than 8%.
longshanks
20/3/2019
21:15
The placing is at mid price and 0.5p above the current sell price so effectively diluted by £1.9m worth of shares but £1.9m more in assets. I think i'm just happy that the RNS was not for a rights issue, that would of surly meant more dilution and less confidence in the companies prospects.
quemaster
20/3/2019
16:05
DB's use of the phrase "Following recent investor demand" If the demand was that much well why did they not demand a higher price or they could have demanded my shares for a higher price!. Here we go again another dilution. Mcgregor - spot on - have a rec
swiss paul
20/3/2019
12:17
Mr MacGregor - 04 Dec 2018 - 08:09:51 - 2844 of 2980 Surface Transforms: is it time for blast-off. - SCE Groundhog delay yet again. Cash call ahoy. I knew it wouldn't be long in coming. It won't be the last either.
mr macgregor
20/3/2019
12:04
Yet more dilution for possible jam tomorrow. The company has been a n the cusp of exciting developments for years and nothing has happened.
talkman2
20/3/2019
08:28
Agreed - good to see no discount, and DB's use of the phrase "Following recent investor demand" suggests that as existing investors already, Unicorn and Cannacord were rather keen to top up their stakes prior to likely news flow. Which they have now done to the tune of £600,000 out of the £1.9m.
rivaldo
20/3/2019
07:57
I am happy with the price. It is at par, and instos have not demanded a discount. I suppose you could argue it is fractionally negative: if the Board know the nomination date, and believe one of the OEMs is weeks away, they would have waited and done the Placing at 25p !!
graham1ty
20/3/2019
07:44
I'm inclined to agree G1TY albeit disappointed that meeting "investor demand" had to be done at 15.5p.Always good to see strong shareholder support, but to raise so much cash in these markets is rather surprising and as good an indication as any that the short term prospects are actually rather good.
longshanks
20/3/2019
07:20
Looks like an opportunistic Placing. Must have been a good road show and enough interest to get this away at no discount. Well done them
graham1ty
12/3/2019
21:17
That is not my understanding Swiss Paul.As I understand it, discussions on volumes and price have been long completed: the outstanding issues were purely on product validation.
longshanks
12/3/2019
19:20
OEM 3 and 5 rather. Fils. OEM 1 seems to have dropped off the radar long ago.
fillspectre
12/3/2019
19:14
The main volume luxury car manufacturers are German which is why ST is focused on them. The Company has never spoken about courting others like Japanese car manufacturers. My view is what can the Company deliver off its own back (rhetorical) - well it can deliver a completed and commissioned OEM cell 1 this Summer like it has said. Once production capability is available and proven if the long courted OEMs are not forthcoming then at some point the story has to change and the Company has to confront OEM delays with positive action of its own - which is to try and interest others. Interestingly and as far as I am aware there is volume within the Small Volume Cell set aside for the Aeroframe contract (how willing ST is to continue to guarantee and set aside this slot for such a frustratingly delayed contact it remains to be seen). The Valkyrie contract will use capacity in the Small Volume Cell. However further Aston Martin contracts, Koenigsegg contracts or A.N.Other contracts may have to eat into capacity within OEM cell 1. ST shareholders are not going to weather speculatively funding a second OEM cell until a significant percentage of OEM cell 1 is booked and very interested customers are baying for increased capacity. Therefore once OEM cell 1 capacity starts to be booked it may concentrate minds. My biggest concern would be further delays to OEM cell 1 as I would regard this as an internal issue and would demonstrate not all the risk is down to the vagaries of OEM 1 and 3. Fils.
fillspectre
12/3/2019
16:20
Sorry folks - but it was not the Brexit theme that overly concerned me - it was more of a being a bridesmaid. All we have done so far is said yes we comply with all the requirements. The OEM has also said yes, but the next stage will be the more detailed ' at what price and can you deliver the amounts'. Don't forget who owns the competition and the long relationship between them. If anything I would say it would be our home grown and outside Europe where we should focus our efforts. You only have to look at the shenanigans that the EU (led by Germans loading up on the tech committees) have been pulling. Dyson is only just scratching the surface. Good luck to all - still holding
swiss paul
11/3/2019
22:53
I'm sure virtually all of us whatever side of the Brexit debate we are just want some sort of conclusion on the 29th. Makes you wonder the way there is frenetic political activity as the deadline looms whether this is the way it was always going to be resolved. In which case why not put the deadline six months after the referendum and save the wasted 27 months of limbo! I have often thought that the Brexit uncertainty may affect the timing of an OEM contract whilst uncertainty exists. As soon as a normal level of certainty resumes like Longshanks suggests we can get back to normal service. Quemaster appreciate the collating of the comments about OEM5. Swiss Paul I feel exactly the same way - ST is at the moment at the mercy of the OEMs - it can do little more than slowly slowly catchy monkey. Fils
fillspectre
11/3/2019
16:56
You voice the fears that many of us either feel or have felt at times, I am sure Swiss Paul.There is no guarantee that any of the hard work will lead to any OEM deals, but if that were so then it would also be true that the two large German OEMs are more than happy to write off the sizeable investment they have made and are continuing to make in developing the products too. None of us really know how the land will lie after Brexit. I am fairly confident though that any disruption to trade will be sorted out in a fairly short period of time. Normal service (familiar to most of us before 1992) will be resumed and we will wonder what the hysteria was all about.
longshanks
11/3/2019
13:01
shanks & que - to many ifs and buts for me to throw more money in - but what makes it worse is that the house broker does not seem to have priced in any of the things you are hoping will happen - or has it? I just hope that OEM 5 is not bridesmaiding us so they can put pressure on current supplier to sharpen their pencil - or would they use a 'Brexit excuse' and voice supply chain issues - so am still in but not pushing any more money across. Best luck to all
swiss paul
11/3/2019
10:56
As and when we have value enhancing news - there is scope for a dramatic re-rate of share price targets: it would be imprudent of CF to factor in fireworks when all they have is the warm glow of a new furnace as their valuation basis.Cantor have a generally bearish view of the market so for them to re-rate this as a buy now is good news.
longshanks
11/3/2019
10:48
But rivaldo, a target price of 25p ? SCE has already been to that level on expectations of an OEM contract. Surely with SCE, you either think they are going to “make it” and they are worth50p+++++ Or you don’t.
graham1ty
11/3/2019
08:56
Agreed. SCE seem to be inching closer and closer to a significant announcement. Hopefully just a little more patience is needed (and everyone still here must have a surfeit of that particular quality!). For the record I came across this from the news wires dated 26th February which hasn't been posted before - Cantor have lifted SCE to a Buy from a Hold: "1016 GMT - Surface Transforms could be a good speculative investment as it awaits a breakthrough automotive contact, says broker Cantor Fitzgerald, raising the carbon ceramic brake disc manufacturer to buy from hold. Cantor forecasts Surface Transforms can reach break-even on an Ebitda basis in 2020 as capital spending winds down and if it can reach full commercialization. Cantor, which acts as corporate broker to Surface Transforms, has a target price of 25 pence for the stock"
rivaldo
10/3/2019
20:04
well thank you Longshanks, only cheeky as I'm trying to be more disciplined with my investments and SCE is already a big percentage of my holdings. I think we are so close to spring that the chance of a delay is reduced and we are now a nominated supplier so should soon know how keen the OEMs are to use us.
quemaster
10/3/2019
19:17
Doesn't sound cheeky to me: it seems well reasoned and sensible.
longshanks
09/3/2019
20:48
I have to confess to a cheeky top up last week, my motivation was the language regarding OEM5 in Surface Transforms results... A few snippets................. OEM5: Further progress has been made with German OEM5 during the period. The customer has advised that they intend to select the disc supplier for the target car in the spring. OEM5 has reviewed the Company's quality processes, logistics capability, financial strength and capacity plan and has approved Surface Transforms as a potential supplier to them. The Company has been informed, "… it is now officially possible for (OEM5) to place orders under the condition that the development department is happy with the required performance of ST discs". As part of this process their quality team completed an onsite brief review of the Company's compliance with VDA 6.3 (and IATF 16949) and confirmed compliance. The Company has broadly agreed initial pricing and is in the process of agreeing commercial terms. Computer Systems: German OEMs require their suppliers to have computer compatibility with their computer systems; in practice this has meant the Company migrating to the SAP computer system. After extensive work this transition took place, post balance sheet date, in December 2018. There were some inevitable disruptions in December and January but the factory and internal processes are now running smoothly again. This feels to me like a spring announcement is quiet likely.. Aston Martin and Koesignegg looking good for medium term was also a factor.
quemaster
08/3/2019
11:01
Agree wholeheartedly Longshanks. To me the investment case for ST is very credible but not without risk. A lot of the credibility comes from the engineering facts and the current trading state of the Company. ST's product is adorning some very high end cars , every year of trading is another year the Company's products are getting exhaustively tested out in the real World. So yes whilst the Company's stellar success has been pinned on high volume contracts from OEM3 or OEM5 - the underlying business is steadily growing. The Koenigsegg announcement of a desire to step up car volumes could help that underlying business as Koenigsegg have been associated with ST for a long time now. AM isn't going to detract from production of the vehicles it laid out at the Geneva show - so there is a strong chance the association that started with the Valkyrie may flow into the RB003, Vanquish and perhaps even the Lagonda SUV (100Kg could be saved on such a car if ST's brakes designed in from the start). And I will say it again - if you believe in the future use of Carbon Ceramic material increasing then regardless of the OEM3 of OEM5 contracts - we as shareholders have just invested in the building of a production plant that is very unlikely in my opinion to become a White Elephant - the furnaces and CNC machinery will all have individual residual values but a completed commissioned production cell for a lightweight multi-use material is worth more than the sum of its parts. Then there is the perenially delayed aeroframe contract once described as "like an annuity" which may yet come in somewhere in 2020. Not so many AGMs ago this was described as the contract which would make ST break even. Fils
fillspectre
08/3/2019
08:31
I take some pleasure from just how quiet this is at the moment.Truth is, though, that the relative stability we enjoy is built on expectation that a significant OEM contract will be landed soon. If we end up without getting OEM3 or 5 committed this year, some will get tired and the price might weaken.Equally though, if they continue to post >50% increases in revenue and turn profitable, I think a growing community would find this is a sound growth investment.Fireworks may be what we want but a warm glowing fire will do nicely.In that respect I remain optimistic on our prospects here.
longshanks
Chat Pages: 184  183  182  181  180  179  178  177  176  175  174  173  Older
Your Recent History
LSE
SCE
Surface Tr..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190325 23:52:31