Surface Transforms Share Discussion Threads

[quemaster] 14/1/2025 13:58

Correct Major Courtenay they have at least two of every part of the production line now and only require one CVI furnace to reach £50m capacity. This should ensure the production line keeps going which was a big problem previously with one breakdown causing the whole thing to come to a halt.

The Corvette ZR1 going into production in Q2 relates to the OEM 10 contract announced in 2022 which stated £20m PA revenue for this model, it would be a big step up in production just to supply this contract no doubt GM have secured as much pre production stock as possible, they will need between £10m to £15m worth of discs this year for this model alone

[amt] 14/1/2025 07:46

Every week that goes by is good news. No new funding required so far so perhaps production is going better.
All speculation of course but so is that from the doorsteps.

[bones698] 13/1/2025 22:34

Just because it's duplicated doesn't mean both won't breakdown and I suspect with the issues last year that hasn't been. Fulfilled fully either. Still on a knife edge this one either way. They require funding and we need to see if any of forthcoming and on what terms still

[major courtenay] 13/1/2025 16:45

If I recall correctly every part of the procedure is being duplicated to better manage breakdowns and avoid stoppages. But yes the low hanging fruit is long gone.

[bones698] 13/1/2025 15:45

Tom agree and the last 10-15% will be difficult to achieve as all the easy wins have been done ,plus you start getting unexpected breakdowns . It's difficult to maintain gains and just keep going once around this level .

[quemaster] 13/1/2025 13:34

The most recent update for ordering the Corvette ZR1 is February with production starting in Q2. It was initially for ordering in summer 2024 with delivery in early 2025.
This seems to fit in with the delay of the last CVI furnace and £50m capacity which was initially Q4 2024 and now mid 2025.

[bagpuss67] 13/1/2025 09:58

Seems to me they exited Q3 at c85% yield.

Yield improved during Q3 but is behind Q3 average yield target of 85%. The improving trend means our run rate in recent weeks is broadly achieving Q3 average target

[bagpuss67] 12/1/2025 10:09

The last report we had was of 85% yield being achieved. When the final furnace is commissioned capacity will be £50m pa.

[thiopia] 12/1/2025 09:45

wow almost positive and not suicidal ?

what could have brought that on ?

did the Ivor Caplin arrest make you reassess some of your life choices ?

[bones698] 12/1/2025 03:11

China is running the world's economy and are leaving most manufacturing countries for dead ,hence the imposing of tariffs to try and protect their own manufacturing industries . The UK has virtually no car industry left anyway so why not cosy upto them as they are leading the way and far cheaper than alternatives . Plus it's the only way they stand a chance of meeting their environmental targets.

As for sce i can't see them going from such a disaster of production to break even anytime soon and so cash remains the big question and on what terms . I'm sure the GM people are securing their supply to meet immediate demands and assess the situation as to wether they need to find an alternative solution or if sce can actually meet it's targets and demand in reality .

Still a pretty binary bet but no news is good news as it keeps ticking along somehow

[thiopia] 10/1/2025 21:34

Britain cosying up to China out of economic desperation

Major aspect is Chinese EV car imports

How about China auto companies signing deals with SCE and helping out UK car industry ? hmm





Ed Conway
@EdConwaySky
·
5h
Why?
Because this is the first such trip since 2017.
UK econ relations with China have been getting frostier for 6 yrs or more.
Huawei have been thrown out; rules imposed on Chinese businesspeople; accusations of spying.
& around the world nations are imposing tariffs on China.
Ed Conway
@EdConwaySky
·
5h
But the UK is doing something different.
While nearly every other G7 nation has imposed tariffs on Chinese electric cars, the UK hasn't. While most countries are going colder on China (most notably the US), the UK is now cosying up to China. Why?

[tomtrudgian] 09/1/2025 06:47

Bonkers indeed amt, unless the executor(s) are specifically authorised in the will by the late testator for the STEP provisions approved by the Probate Registry to apply. Most substantial estates take years before probate can be granted, and executors cannot borrow to pay tax or value, distribute, buy or sell assets unless so authorised.

In the case of the late Mr Black there are six RNS’s showing substantial buys and sells of SCE shares in Nov and Dec 24 alone, hence the price volatility. There may have been other smaller dealings not requiring a RNS.

[amt] 08/1/2025 19:18

Tom I would have thought that means executors can sell shares but not dabble trading shares. It would be bonkers if executors were allowed to trade shares. If they did then they would more than likely have to make good any losses.

[bagpuss67] 08/1/2025 15:45

Wow. Volume totally dried up. You would have thought nothing was happening...

[tomtrudgian] 08/1/2025 10:55

Yes, I know this as I have just revised my will as am now aged, as thiopa might agree.

It all depends, amt, on what the terms of the will are, and the applicable global jurisdiction. Almost always in England and Wales (not Scotland) some or all of the special provisions of the Society of Trust and Estate Practitioners (STEP) will be incorporated by the testator. If not, they will not apply. A new STEP 3rd edition was approved by the Probate Registry on 23 Sept 23.

Inheritance tax and interest is payable after six months but on asset values at the date of death not sale. This can cause difficulties for executors caused by volatile share prices that cannot otherwise be traded in or out. Or houses or art works that may take years to sell. STEP gives much wider powers to executors.

[wilwak] 08/1/2025 10:09

Does anyone know of a broker that allows online buy orders on UAV?

Both mine have stopped allowing buys on VCT’s (Barclays and iWeb).

Edit: (UAV hold SCE but I posted this here by accident! Apologies)

Thanks.

[thiopia] 08/1/2025 09:50

Unless there are multiple beneficiaries with different attitude towards the assets in question ?

Regardless that is just a technical situation.

What matter are the Fundamentals and we can only take an educated guess at those from the facts which have been stated in RNSes and the recent reveals re advertised jobs and involvement of GM Consultants etc

I certainly don't take anything Tomtrudgian says at face value seeing as the ignorant/blind muppet doesn't seem able to read or navigate a BB

[amt] 08/1/2025 08:38

I can't believe that executors of an Estate can trade shares as Tom states is the case. Sell yes but not buy.

[tomtrudgian] 08/1/2025 04:54

Sorry, I stand corrected, quemaster. Some twenty years of continuous losses.

[quemaster] 07/1/2025 13:52

SCE floated on AIM in 2004.

[tomtrudgian] 07/1/2025 13:40

Yes Glavey, and you correctly quote from AIM rules from 15 years ago, before SCE existed on AIM. The company might well argue that there has been no information that they are required to disclose.

[glavey] 07/1/2025 13:04

Now, if one is so minded, one could accept the detail and accuracy of the previous post applying whatever interpretation one desires or, on the other hand, one could defer to a more recognised source. Reader choice.