Surface Transforms Share Discussion Threads

[pugugly] 28/3/2016 14:44

quemaster: Thanks . R.

[quemaster] 28/3/2016 14:04

Yes they use our brakes as standard on all Koenigsegg models. They started production in 2002 and it was in 2013 that they produced their 100th car but the Regera alone is going to be 80 units which is far more than any previous models.

[pugugly] 28/3/2016 13:44

Can anyone confirm that these carbon ceramic brakes are ours ? Apologies if already posted but I have been away for a bit,



Brakes

Front: – Ventilated ceramic discs Ø397 mm, 40 mm wide 6-piston
Rear: – Ventilated ceramic discs Ø380 mm, 34 mm wide 4-piston
Koenigsegg calipers with ceramic pistons
Koenigsegg calipers
Power-assisted

Interesting Bloomberg news story on launch

Koenigsegg’s $2 Million Bugatti Killer Strikes With Over 1,500 Horsepower

[hitch19] 24/3/2016 13:59

Well fingers crossed i get the full subscription.

[rivaldo] 24/3/2016 10:51

New one-pager on SCE from Edison:

[longshanks] 23/3/2016 11:39

Timbo - re your point:


There may be a few reluctant sellers about before the placing. The reason being the stupid new rules introduced in November regarding investor requirements for EIS tax relief:
.....

As I understand it, the record date for the placing/OO has already passed, so wouldn't this rule apply to investors in the placing/OO even if they sell ahead of the GM?

And - by implication - doesn't that also mean anyone qualified for EIS on the record date is now also free to buy stock in the market and still claim EIS tax relief on shares they buy in the placing/OO?

[rivaldo] 23/3/2016 07:46

For the record, Cantor Fitzgerald have retained their Buy and 40p target price post-placing:

[longshanks] 21/3/2016 17:20

We don't yet know who the principal players are in the placing. Irrespective though, I anticipate the market for shares to remain tight as many involved will be looking for the tax free return arising from holding for three years rather than a quick flip profit.

ST will be soon in a position to give details of timing for their new manufacturing facility. Automotive OEMs will soon have all conditions satisfied for them to sign game changing contracts.

[timbo003] 21/3/2016 17:17

There may be a few reluctant sellers about before the placing. The reason being the stupid new rules introduced in November regarding investor requirements for EIS tax relief:

If an investor owns non-EIS shares when the new placing or open offer shares are issued, then the investor will not be eligible for EIS tax relief on the new shares (see link and abstract below)

I'm afraid it's another daft Brussels inspired rule that was bought in with this year's budget. If I now held a few non-EIS shares in addition to my EIS qualifiers (fortunately I don't), I would definitely be looking to unload them in anticipation of being issued new EIS qualifying shares in the open offer (or placing).






The existing shareholdings requirement

(1 If, at the time the relevant shares are issued, the investor holds any other shares in a company within subsection (2) (“C”), those other shares must be—


(a) a risk finance investment, or

(b) subscriber shares which—


(i) were issued to, and have since they were issued been continuously held by, the investor, or
(ii) were acquired by the investor at a time when C had not issued any shares other than subscriber shares and had not begun to carry on or make preparations for carrying on any trade or business.

[wednesday6] 21/3/2016 16:48

Thanks Longshanks,good finish and tight spread suggests another leg up tomorrow?

[hitch19] 21/3/2016 16:36

This is being walked up to allowing selling before the placing. Once the placing is over this will be off

[longshanks] 21/3/2016 15:25

I don't think we will ever see 16p in the market again. I have been buying up loose stock as I expect this to make a sharp rebound back to 20p and higher in the coming months.

At a 1:17.2 ratio - the Open Offer is likely to be oversubscribed. I will be taking up my entire quota and requesting additional stock. There is a chance that the O.O. will not raise the full £0.5m - in which case it may be worth contacting David Bundred to express an interest.

[wednesday6] 21/3/2016 13:45

Oh right i see, i was hoping to get in around the 16p mark but have payed 18.75 ( that was leaving it in the hands of my broker)
Would have liked 17.65 mind, oh well its a toe in the water

[longshanks] 21/3/2016 13:37

No - what I mean is - it was my buy (at 17.65) below the mid price.

[wednesday6] 21/3/2016 13:34

Your right it wasn't ,sell went in exact same time as my buy doh

[longshanks] 21/3/2016 13:31

No it wasn't!

[wednesday6] 21/3/2016 13:24

Buying below the mid, 17.65 was my buy

[longshanks] 20/3/2016 17:59

I wouldn't see it as switching but having an alternate supplier.There aren't that many large German OEMs - those involved are the biggest ones in terms of high end mass production.

[hitch19] 19/3/2016 10:46

Long shanks the naming of Brembo, could this be indicative of the premium German mark considering switching its choice of ceramic brake supplier for its new premium model?

[condom2] 19/3/2016 09:52

Some things for the REGULATOR to check regarding this placing @ 16p.
1. Did the House Broker engineer the price down from 25p to 17p in the weeks prior to the placing ?
2. Did the House Broker short shares prior to the placing, and is the House Broker going to use Placing shares to cover the short position,and take stock on its book.
3. Did the House Broker go out on ioi's offering large lines of stock in the weeks prior to the placing in order to put pressure on the share price ?
4.Did all the Large and Loyal Shareholders get a chance to participate in the placing ?
5.Did the House broker produce a note prior to the placing with a target price of 40p/70p subject to OEM contracts materialising, up from a previous note target price of 25p,in order to attract a privileged group of shareholders ?
David Bundred is right to be frustrated.I know I am.Lets hope for the companies sake that this placing was done fairly.It would be good if the regulator checked this was the case.

[mjcrockett] 18/3/2016 13:37

The details are here:

[longshanks] 18/3/2016 13:19

Nicely positioned to bounce off of the 200d moving average and reverse the 30d/50d moving averages.

Given the fundraising was oversubscribed - we could well see sustained interest from those who couldn't fill their orders.

There is no info in the RNS listed on ADVFN about the dates (record date or general meeting) - anyone know when these are?

[longshanks] 18/3/2016 09:54

Very different business today to the one back then. At that time their operations were best described as a bespoke cottage industry and the management were more "heads in the cloud" than "feet on the ground".Building a sustainable and growing niche technology business is tough; esp tough when the target market is as conservative as the automotive/aerospace ones.David Bundred has polished this piece of coal and fashioned a quality rough diamond. That rock is now being cut and will soon be gleaming.

[mjcrockett] 18/3/2016 09:31

The placing today at 16 pence is great news. The share price has drifted down from 23p over the last 3 months in anticipation of a placing so we might see a recovery now.

Longshanks you could be right that the company will not need any more cash calls. However, I do remember thinking the same thing when SCE raised nearly £3m at 70 pence in 2004 - the focus then was on large upcoming aircraft contracts. 12 years later things should be different this time!