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% 15.00p 14.50p 15.50p 15.00p 15.00p 15.00p 10,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 0.7 -2.5 -2.4 - 17.11

Surface Transforms Share Discussion Threads

Showing 4201 to 4225 of 4225 messages
Chat Pages: 169  168  167  166  165  164  163  162  161  160  159  158  Older
DateSubjectAuthorDiscuss
14/2/2018
20:50
Talkman - yes this Company has a long history of disappointing. I have a long history with this Company. When I reach back into this history and compare it with now I realise that the current narrative told by the Company has a credibility that in the past just wasn't there. What comes first the proven ability to be able to deliver a quality volume product or a contract to do so? The former it has to be. No car manufacturer could gamble an entire car model and its reputation on supplier what ifs and maybes. The Surface Transform shareholders had to stump up the capital for the volume OEM cell that is part of the risk reward model that the auto industry expects. Alse these contracts don't come easy because as soon as they are awarded power swings from the OEM to the supplier. To get to such a stage takes time. The narrative the Company has talked for a long time is that the car industry wants a second supplier for Carbon ceramic breaks. This makes absolute sense to me - almost uncontestable - does it to you. The potential weight saving is a driver for fitment to cars - this makes sense to me - as does the fact the discs will be fitted to luxury expensive cars first. I also think there is a massive environmental driver as these discs generate less brake dust than ordinary brakes. Once the particulate nasty of diesel has been gotten out of the way comes the particulate nasties of brake dust and rubber chips and debris flicked from the road surface (the lighter a vehicle the less flicking occurs). I can name loads of AIM Companies that to me are all promises which when stacked against my own personal experience look like a lot of over optimistic hot air. FS PS That said I am still critical of this Company. I will be reading the next trading statement very carefully. We need to know the factory fit out is progressing to plan, the OEMs are still actively talking to the Company and there have been no further delays to their plans and that the product testing is meeting expectations both in results and plans.
fillspectre
14/2/2018
19:47
Longshanks - you now have mail. FS
fillspectre
14/2/2018
10:25
I guess it could be seen as a "Next year Rodders...." kind of company.Different times TM though; different ballgame.OEM3 which currently spends over £50m pa on ceramic brake disks is looking to spend over £60m in 2020.£10m of that £60m is earmarked for a new supplier to satisfy the corporate dual sourcing mandate. There is only one possible new supplier to go to.Still - until the ink is on the paper - those who hold this big picture are going to have to clench their buttocks a little bit longer.
longshanks
14/2/2018
10:01
I am reliably informed that the interim results will be published on Tuesday 27th February. As you say FS - not long to wait.
longshanks
14/2/2018
09:58
On the matter of patents, The company has three key patented processes: 1. the "knitting" of carbon fibres to give strength in the lateral "z" direction.2. the CVIST vapour infiltration process after carbonisation to pack the rotor with carbon.3. The melt infiltration process after carbon-carbon machining.
longshanks
14/2/2018
09:50
FS - you have mail
longshanks
14/2/2018
09:37
This company has a very long history of disappointing.
talkman2
14/2/2018
08:48
Longshanks - I hate to rain on your parade - because I'm standing right next to you - but my understanding is that surface transforms don't have any patents - they have industrial secrets. If Brembo have been producing this CCM-R product since 2015 that means ST would have known about this during the 2016 and 2017 fund raises. The talk then was of the superiority of the ST process. I think we just need to see what David Bundred says in the next trading statement which is very soon. I was thinking the race car contract would be later in the year so so far the lack of this materialising isn't worrying me. A bulky sudden share sale at low prices is - but it people sell for all sorts of reasons. I'm expecting the trading statement to report mundane figures but it is the general update that will be interesting. I'm expecting it to be a case of factory on track, discussions with the OEMs on track, OEM product testing ongoing with no unforeseen hiccups. FS
fillspectre
13/2/2018
11:42
Separately I took a look at the McLaren Senna recently. This car has been recently announced to be using a Brembo brake system including Brembo branding on the calipers.Interestingly they highlight that the braking system is "the most advanced it has ever used for the road". The carbon ceramic disks are quoted as being made with a special "CCMR compound feature" to improve thermal efficiency.That got me interested.I have taken a look and it seems that since 2015 Brembo have been marketing a premium carbon-ceramic brake disk labelled CCM-R.I found a video of a North American sales person explaining at a Nissan GT event how they are aimed at motor sport and not to be confused with the OEM supply version of the disks. The fascinating thing is that the manufacturing process takes 7 months but equally and maybe of more interest to patent lawyers, to all intents and purposes these disks look and sound exactly like those produced by ST.It would seem that Brembo are rising to the growing ST challenge. No problem with that but given the similarity of their product to STs, it makes me wonder if there is some violation of STs patent protection. Still Brembo switch in manufacturing process validates STs product and if they stick to operating on a 7 month lead time there won't be many OEM clients looking to use those disks yet.
longshanks
13/2/2018
10:13
I have spent some time re-reading the company's announcements over the last year.There have been delays in both the aerospace and OEM programs. Overall I have taken some heart from the general flow but I think it worth doing some critical examination.OEM 3 are a strategic partner and clearly have been working very closely with ST on making their production processes world class. We were originally expecting nomination for 2019 supply in late 2017 but were notified last June that this (nomination) was being pushed back six months for a model starting production in 2020.This blow was softened by notification that, subject to one straightforward regulatory approval process, ST would be nominated to supply a track-only race car in 2018.Assuming that OEM 3 is sincere and clear on its desire to nominate ST for 2020 supply, then they will need to do so in the very near future.My gut feel is that OEM 3 have held off final approval until they can see that the supply chain is fully secure and all elements of their desired design are in place. Last June, when the delay was announced, the company notified us that OEM 3's product design needed a new ceramic furnace and associated automation. Funds were subsequently raised and I would expect that the company is now in a position to demonstrate a clear project timeline for implementation of processes that meet the product design for 2020 supply. It is a balancing act I am sure of developing sufficient confidence in supplier by an OEM to minimise any fear that the supplier can't deliver.Whilst I have paranoid fantasies that this OEM contract is going to be perpetually delayed, I am drawn to the steady firming up of the company's manufacturing operations and competence of its personnel.The seller yesterday may well have been a VCT investor in the December 2014 placing at 13p. I am hoping that that is the case and it is simply a case of recycling capital. I suspect also though that they are also taking the line that time is running out for the company to get OEM 3 nomination for another year.White knuckle time.
longshanks
13/2/2018
10:07
Longshanks - from past experience Surface Transforms does not have a habit of pulling rabbits out of hats. The only one I can think of was the Aston Martin contract which came out of the blue but which seemed to have no impact on the share price. We are due a trading update sometime this month. It has come at the end of the month before. Let us hope like you say someone is selling for reasons that are personal. FS
fillspectre
13/2/2018
02:48
Possibly someone is crystallising a loss to offset CGT or possibly even taking EIS tax-free profits on shares bought in a previous placing.Either way it is disconcerting to see someone drop so many shares in one hit and at a significant discount to the summer placing price. Let's face it though: without any significant news update and a rather torrid market - the shares could well drift further. We may hear on the OEM3 race car contract soon and that may give some respite - but it is VDA6.3 and an OEM volume contract that the market is really waiting on and that could still be 6-9 months away.It would be a good time for the company to pull a bunny out of the magic hat
longshanks
12/2/2018
11:52
Ouch, like you say PUGUGLY there could be many reasons but that's a fair chunk of shares to be selling just before the half year results are due to be announced. Hopefully its someone desperate to get hold of some funds for some reason rather than a leak of bad news to come,fingers crossed it's not the later.
goldman
12/2/2018
11:42
Not looking too healthy - more delays?
toffeeman
12/2/2018
11:30
Looks like heavy selling of 400K+ yesterday (but only marked today) knocking price by some 10% - Could be any reason but over £60K's worth - Hummmmmmm
pugugly
08/2/2018
21:18
Toffeeman - Got there using Firefox - Never used Chrome as I was advised they try to take over all your web functions - (As never used cannot comment directly but have avoided)
pugugly
08/2/2018
18:35
Unbelievable - Volvere website not accessible using Chrome but is using IE - and I thought I was a dinosaur
toffeeman
08/2/2018
18:07
For those of you that might be wondering where the IES certificates for the July open offer have got to. I received an email yesterday from our new finance director, Michael Cunningham who tells me they have been busy this last couple of days completing the certificates and that they should be in the post in the next day or two, so we should receive them next week all being well.
goldman
08/2/2018
16:47
Nice late reported 62,425 share buy at 16p caused this afternoon's tick up. OT : longshanks, completely agreed re your summary of VLE.
rivaldo
08/2/2018
16:26
The most interesting thing about VLE is the fact that it has so much cash on its books and the company takes a very patient and cautious approach when buying businesses.Most if not all their purchases have been of failed businesses such that they can buy them for peanuts. They have consistently been able to turn these around and - more importantly - been able to successfully sell them on.They currently have two very mature turnaround stories on their books: both ripe for "release back into the wild", so the cash pile could soon be very much larger.Either way I thought it would be a company in the mould of what you are after Pug, something akin to an investment trust in small growth businesses.
longshanks
08/2/2018
15:59
PUG, do me a favour and do some proper research, read the VLE thread header post, read some RNS's, and then come back with something better than half-baked posts based on completely out of date information from years ago when VLE acquired NMT as a cash shell. Gordon Bennett :o)) Come on Pug, even with your well-known predilection for negativity and posting at the slightest hint of bad news across these boards I'd have expected something better from you :o))
rivaldo
08/2/2018
15:56
rivaldo: Just followed your link - Only investee company I recognise is NMT Group share price Collapsed from 127p to bust. Was at one stage a hot tip from Mark Watson-Mitchell of WatsHot.com. I have no idea of the history with VLE. NMT is a medical devices company that developed a safety syringe to prevent needlestick injury. The company owns certain intellectual property in this area but no longer has any operations. Cost me whar was then for me a small fortune as bought the concept but did not dig deep enough into the product - marketplace and competitors - Then current and potential. OK Only a historical company but "needle stick injury" makes one cautious !! Have fun.
pugugly
08/2/2018
15:43
Toffeeman and longshanks, the VLE web site is perfectly fine (or at least, it is now): Http://www.volvere.co.uk/ And the Lander brothers are always available and approachable on the phone. But make sure you ask sensible questions. JL in particular is no-nonsense :o)) Good to see SCE so stable in these markets - and now actually in the blue.
rivaldo
07/2/2018
16:29
Impossible to contact VLE (or Dawnay day or D2L - strange
toffeeman
07/2/2018
14:09
longshanks - Thought the name rang a bell last tripped a screen was at 255/275 on 13/5/10 - not even sure if the same company - but epic the same - No current knowedge of the coy.
pugugly
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