Surface Transforms Share Discussion Threads

[cyberbub] 10/9/2024 19:30

Most sells of around 1M shares seem to find willing buyers of the same amount!Touch wood, sigh

[bones698] 10/9/2024 14:29

Selling below bid price for any volume . Any ideas when the TU is due.

[bagpuss67] 07/9/2024 09:19

Agreed. It all now comes down to nudging that yield nunber forward a few percentage points and how much they have spent to achieve that.

[cyberbub] 07/9/2024 08:16

The results themselves are clearly going to be poor, there will be a big loss, as the turnaround only started in May/June. The post-period narrative is what we need to see, the only important things are continued recovery in yield (even by 1-2% will be fine) and remaining cash.

[bones698] 06/9/2024 15:29

If the share price is a reflection of those in the know as some are saying I'd be very worried ATM as the share price is drifting lower pretty consistently .
Volumes are pretty low but still hardly looks positive so far

[cyberbub] 06/9/2024 09:58

20 quids worth of trading so far at 10:00 :-)

[cyberbub] 05/9/2024 15:57

PS I can sell 1M shares at the full bid price, in the last half hour of trading.

[cyberbub] 05/9/2024 15:53

If there was anything seriously wrong I think we would be seeing much bigger daily selling volume than 5m-odd, it would be 5x that IMO

[bagpuss67] 05/9/2024 14:18

A reasonable number of people will know the August yield, capacity and cash position now. Odd that they can't see themselves clear to announcing a date for the interims. Maybe trying to get a new chair over the line by the presentation.

[newbie123] 05/9/2024 13:32

Some sizable transactions going through today, are people just getting nervous or do they know something we don't?

[bones698] 05/9/2024 12:07

The huge financial cushion ? They had 5m last update. That's after spending almost 15m in 8 months plus 3.5m capex . Their financial cushion looks precarious to me not huge .
3m sell gone through,is it someone in the know or just an ii selling a few remains to be seen

[cyberbub] 05/9/2024 11:26

Two big buys gone through, soaking up the two big sells yesterday...

[major courtenay] 05/9/2024 10:21

Humans are creatures of habit, cyber. I just hope you’re right. It was the massive financial cushion that got me on board, and I just hope it sees them through.

[bones698] 04/9/2024 21:33

So on one hand the discs have been written off but on another included in the figures . Which is it guys . Whichever it is it's impacted cash massively over that period

You seem confident but then again so did a lot of people at 10p plus . For me this is still on a knife edge and no matter what those in the know say or otherwise there isn't anyone who actually knows better despite the protesting . Trying to make out it's anything but a gamble from here is wishful thinking . The chart although not horrific points to a less than good result coming so for your sake I hope there is a surprise

[cyberbub] 04/9/2024 18:28

Two large-ish sells gone through...

[bones698] 04/9/2024 15:46

So that's going to affect profitability and the profit margin per disc from the 60% they discuss and based a lot of their forecasts on surely ,something they don't seem to account for in their results and cash spend .
Sorry but I'm far from convinced about how much things have improved here . The management have been very quiet and saving whatever news and figures for the update this month good or bad we will see .

[cyberbub] 04/9/2024 10:52

I think there's probably a maximum yield %age that is realistic, given the fact that it's a brand new industrial process and inherently this type of high tech, high precision manufacturing has a level of waste. It's like chip manufacturing, they never get 100% yield, typically about 90% I understand. I'm not clear what SCE'S maximum anticipated yield is, but I get the feeling that it's not much more than 85%. Ultimately if they're making 50-60% gross profit (which is very high, due to the limited competition and high quality of the product), that figure will include an allowance for the waste. At that %age gross profit it's nothing to be excessively concerned about IMHO - as long as it doesn't start dipping (which is what happened obviously over the last year).

[major courtenay] 04/9/2024 10:38

The analyst says the production difficulties of 2022/23 weren’t fully resolved until June of this year. Surely that’s wrong? As they’re still not resolved and won’t be until we are at 100% yield? Or, say, 90% if we’re being charitable.

[cyberbub] 03/9/2024 15:52

Thanks for the link. Doesn't say that much we didn't know, but any publicity is helpful.

[thiopia] 03/9/2024 13:32

Hardman & Co analyst interview | Automotive components

Q&A on Surface Transforms (SCE) | Strategic moves and market potential

Surface Transforms plc (SCE) is the topic of conversation when Hardman & Co analyst Mike Foster speaks to DirectorsTalk Interviews.

In this interview, Mike Foster discusses the recent developments at Surface Transforms plc, a company known for manufacturing carbon ceramic brake discs. The conversation covers the company's production challenges, its financial outlook, and the significant opportunities it faces in the automotive industry. Foster highlights the steps Surface Transforms is taking to overcome operational difficulties, expand its production capacity, and improve its financial performance. He also provides insights into the company's order book, market position and future expectations, making this a compelling discussion for those interested in the automotive manufacturing sector.

Listen to the interview here :-

[cyberbub] 03/9/2024 10:50

What's that strange colour on the SCE chart?!