Surface Transforms Share Discussion Threads

[rivaldo] 15/4/2016 08:48

Good to see KDS buying some shares in the market. Also reassuring to see Richard Gledhill continuing to buy in quantity, and that DB is buying more in the market too at 18.14p:

[graham1ty] 14/4/2016 12:25

It has felt in the last few years that every fundraising was a struggle, and just plugging a gap until the next one. All for working capital and survival.

Now SCE has raised enough to sink or swim. No excuses. If they cannot execute with this capital injection behind them, that is it.

Very exciting

[rivaldo] 14/4/2016 08:12

Superb result for the company - looks like we'll get around 80% of what we asked for via the open offer on a simplistic basis.

And given the success of the placing hopefully there will be continued demand for shares in the aftermarket too from institutional demand.

[pugugly] 14/4/2016 08:09

Good to see DB found some more shares down the back of the couch. Hopefully we now have sufficient funds to grow the business to cash flow positive and OEM contracts without the need for further fund raising.

Unless all 5 opportunities are realised when we may need a funding ( at significantly higher price to fund expansion)

Anyone any ideas on %age allocation for the excess applications ?

[timbo003] 14/4/2016 07:24

Brilliant result for the company (and for me!), shame they won't all be EIS qualifying, but in at a bargain price given recent developments.

[longshanks] 14/4/2016 07:16

Open offer oversubscribed; part filled, part scaled back.

[rivaldo] 13/4/2016 07:34

Someone on this forum asked about SCE ceramic discs this week and got some nice comments in reply:



"I've been in a car with Surface Transforms on and the stopping was awesome"

"Shawn Hayes and others have went with the racing brake version of ST rotors and racing brake forged calipers (limited run was forged). so far excellent results and fixed many of the issues they had with the OEM calipers on the track."

[cyberbub] 09/4/2016 09:09

Do we have any feeling as to whether £5M raised will be enough to get them through to profitability, ie. no more placings required?My own feeling is that the share price could feasibly be up to £1 in the next 3 years say, but that will depend on not issuing loads more shares.

[cyberbub] 09/4/2016 09:06

So 17,000 discs at full production. Given how much revenue they are eventually predicting, that implies about £1000 sale price per disc? Do we think that price, and a 50% or so profit margin, will be sustainable when in full production?

[longshanks] 08/4/2016 13:18

My guess is that any over-subscription in the open offer will result in allocations being scaled back.They are restricted in how many shares they can issue in a year to what is agreed at the AGM/EGM. Any expansion on that would need another meeting; that won't happen IMO.

[hitch19] 07/4/2016 23:58

What about the Open offer pug? Oversubscribed?

[pugugly] 07/4/2016 14:06

timbo003. As the placing was over subscribed and allocations downsized I suspect you are right and the excess available will be minimal.

Do you know if the Coy/Broker have left themselves any wriggle room to increase the number of shares available ?

If so the implications for anyone stagging could be interesting !!!

[hitch19] 07/4/2016 00:01

Only 4 X? Joking!! Gone for much more than I could but think Sce will keep their ii's happy

[timbo003] 06/4/2016 15:12

I've applied for a fairly large excess in the open offer (circa 4X my basic entitlement), I'm not too optimistic that I'll get them all though.

[rivaldo] 06/4/2016 13:48

Great vote of confidence from Giles Hargreave/Hargreave Hale, who already had a large holding and appear to have taken almost another £700,000 of shares in the placing (which I assume is behind their increase) - they now have 9.8m shares, or 11.76m shares:

[rivaldo] 31/3/2016 11:22

Finncap have today initiated coverage of SCE with a 25p target price (following their appointment as joint broker):



Anyone got more details of their note?

[hitch19] 30/3/2016 20:20

Thanks for your views. Interesting times ahead

[pugugly] 30/3/2016 11:21

GTY: > Yes - You are right about the short term uplift for the share price but I strongly suspect bad for the long term development of the business as you point out above.

I see as more likely - but some distance in the future - could be a bid from a components supplier such as GKN with supurb industry penetration and looking to expand into the area of braking . However I suspect that for the sake of a few million extra cost they would wait until our product is "road proven" in a much more volume supply than we currently enjoy.

The key here (imo) will be for management to excute the development plan of cost reductions in all areas of production

[graham1ty] 30/3/2016 07:53

Hitch, competition concerns surely from the authorities ?

And the OEMs would not like it. The whole attraction of SCE is that it is independent ( Brembo part owned by BMW) and an alternative supplier to Brembos near monopoly.

I always wondered not about a bid from Brembo, but one of the OEMs either for full ownership, or alternatively whether an OEM would take a strategic stake. Compared to the cost of a new model, to put in a few million quid to have greater influence over a superb technology strikes me as dirt cheap. SCE might not like the loss of perceived independence if someone did that, but it would dramatically increase the SCE valuation.

[hitch19] 29/3/2016 18:20

Once first OEM announced what are the thoughts, if any, on a potential bid from Brembo?

[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.