Surface Transforms Share Discussion Threads

[fillspectre] 29/6/2022 15:37

Nice try jerarnie1 but being nominated on limited production runs of 50 hypercars isn't going to cut it for Surface Transforms - it will be nice revenue to book but not the numbers we have been expecting. I am more pleased to see this:- . hxxps://youtu.be/lM6BHvgvrVc . A review by Fully Charged Show of the Lightyear 0 - where weight saving and efficiency is paramount. Ok again this is going to be a car costing $250,000 but the idea is that the technology is going to percolate down to a $30,000 mass production model as the host explains in the video. . I still have a question in my mind as to what is the added weight, added cost and added maintenance ((more added cost) of regenerative braking versus the energy efficiency provided over the lifetime of an EV fitted with it. I can drive down a motorway 160 miles barely needing to touch the brake pedal. Automated driving and control of vehicles should reduce even more braking to emergency braking only. I think the idea that a CC brake disc is a fit and forget component and doesn't need use to prevent it from corroding is another key selling point. I can see cars being built that are practically maintenance free. . Is the share price dipping towards the AGM because the market is punishing anything other than brilliant news at the moment - and the chances are we are not going to get a revelation tomorrow? Or is it because the feeling is that OEM8 volumes are going to be lower than expected because of a global slowdown? Fils

[jerarnie1] 29/6/2022 08:32

Looks interestinghttps://www.autosport.com/f1/news/red-bull-reveals-newey-designed-5-million-hypercar/10329509/

[skyracer] 17/6/2022 12:50

Fils, I dont think we have a settled solution yet. Lithium batteries ; supply constraints, heavy, very expensive, production safety and environmental issues. Perhaps a battery will become an option for long distance travel with fast, efficient, charging devices (capacitors?) for distances up to say 200 miles. I dont know. It just doesnt make sense at the moment.

[graham1ty] 17/6/2022 08:44

The run up from 45p to 55p reversed in just a couple of weeks. Patience

[fillspectre] 16/6/2022 08:44

Anyone got a feel for whether CC brakes will be a good combination with these airless tyres I read that some tyre manufacturers are developing? Could it be part of a development on the way to almost maintenance free vehicles? Might reduced maintenance , lack of corrosivity and reduced brake dust equal or trump the other big benefit of CC brakes - reduced weight - as a driver for high volume take up? Fils

[fillspectre] 13/6/2022 12:19

Read an article in IC that the soaring cost of nickel and lithium might constrain the battery pack size for EV manufacturers. To maintain range EV manufacturers would have to look for efficiencies elsewhere such as lightweighting the vehicle. Fils.

[graham1ty] 10/6/2022 11:04

I hope the recent buyer is still there. A dummy trade gets a bid of 54p for 25000 So, the 53-54p screen spread is not real

[fillspectre] 07/6/2022 17:53

Not often we get a 600K plus share volume day. Fils

[rivaldo] 05/6/2022 07:43

News today that Mercedes are "recalling nearly one million older vehicles worldwide due to a potential problem with the braking system" due to corrosion: Https://www.theguardian.com/technology/2022/jun/04/mercedes-benz-issues-global-recalls-of-one-million-older-cars Maybe not a good look for our competitor Brembo? This problem is for "cars built between 2004 and 2015 of the SUV series ML and GL, and the R-Class luxury minivan". It seems that Brembo did/do provide brakes for the ML and GL, for example: Https://www.bremboparts.com/europe/en/catalogue/mercedes-benz-m-class-w163-ml-350-163-157/000017108-1

[pinkfoot2] 01/6/2022 18:20

I’m relaxed

[fillspectre] 01/6/2022 17:00

When trading resumes Monday 6th June could get interesting! Has an institution that attended the factory visit on the 26th April stolen a march on others? Fils

[cheese666] 01/6/2022 12:48

Looks like there's some modest but organised buying going on.

[fillspectre] 01/6/2022 12:41

Can't disagree with you albert_einstein. Ramping up production capability is in the hands of the ST team and I am hoping a capable and driven engineering team is being assembled underneath Steve. We can't do anything about customer driven delays to SOP dates. Realists are aware of the full facts. Unrealistic not to expect "some bumps in the road" but at some point the business landscape will stabilise - we have had a pretty turbulent period for the last five years. At least UK government is rewarding inward investment. Fils

[graham1ty] 01/6/2022 12:39

Pretty steady buying, up from 44p bid to 56p bid in not much more than a week. Hope this will not be a spike, and then volatility again. In hindsight, in the run up to 80p the share price got way ahead of itself, focusing solely on new contracts, and ignoring execution risk. We want a slow, steady rise that reflects manufacturing progress ( backed by regular RNS to reassure us the ramp up in production is on track). Then all shareholders are happy. For the last 18 months, anyone who paid more than 56p has been losing money. We want all shareholders to be happy, long term holders !!

[albert_einstein] 01/6/2022 09:03

I think two of the main issues facing us in the coming months and years are our ability to scale up production quickly without too many bumps along the way and the ability of our customers to keep to their original timescales without major delays to the start of production (SOP). We've already seen delays to the SOP on some of our contracts and history and the current environment suggests they won't be the last. We are in talks with numerous people regarding potential new contracts and the possible expansion of existing ones to include new models etc so hopefully we should see some newsflow along the way but I think investors will be focusing on the ramping up of production and any issues that ensue either inhouse or from customer SOP delays.

[pinkfoot2] 31/5/2022 11:34

Next 12 months is key for me-execution, execution,execution. Then we will be receiving offers from private equity and the trade.Minimum target £2 per share for me.

[rivaldo] 31/5/2022 10:08

Certainly sustained interest here at present.....

[fillspectre] 30/5/2022 21:12

If you are Pinkfoot2 - I am. Agreed onwards. ST still looks way too cheap given news flow since last year's placing. Ok so new generic risks have materialised since then such as Supply Chain risks but ST were ahead of that one. Recession risk - ok but ST supply to the premium market only (at present) - which I think will hold up better. Whole bunch of drivers in their favour for further take up of carbon ceramic brakes and also I can't help feeling Brembo is going to have a harder time with high energy prices than ST. I am assuming Brembo's CC production is still in Italy. Looking further forward we have June's AGM statement. July brings a second factory visit. Autumn hopefully brings news of the continuous front end furnace arriving to be planted in the Knowsley site. I disagree with Cheese666. I am not interested so much in new contract awards being announced at present I am more interested in steady relentless progress with execution, increasing resilience, learning lessons and booking revenues. Fils

[pinkfoot2] 30/5/2022 19:52

I’m relaxed -onwards and upwards

[supernumerary] 30/5/2022 19:36

And US on Memorial Day holiday.

[fillspectre] 30/5/2022 18:57

Not really wanting to make back to back posts but I am finding the price movement and share volume unusual given no specific announcement and that also we are at beginning of the platinum jubilee week with a lot of people on holiday. Fils

[fillspectre] 30/5/2022 12:33

My hope doesn't look that forlorn. Fils.

[graham1ty] 30/5/2022 09:04

Grammar please toffee. “Fewer” sellers….

[toffeeman] 30/5/2022 09:00

>> fewer sellers than buyers :) Ta - us toffees need educating

[graham1ty] 30/5/2022 08:55

The share price has all the indications of having been tipped somewhere. I am unaware of any new research, or mention in a tip sheet, yet slow, steady buying. I am not complaining, but if anyone knows a specific reason, would be interested. And, yes, please do not answer “more buyers than sellers” !!!