Surface Transforms Share Discussion Threads

[longshanks] 28/11/2016 17:11

I think the "which" is easy to discern from the info given to date.The "when" question is more pertinent IMO

[toffeeman] 28/11/2016 14:16

I doubt there will be any announcement Timbo but am grateful you are attending. Look carefully at the board's eyes for sign of nerves.

Ask a difficult question and keep looking straight at them - fix your eyes and see if they avert.

Suggestion:

"We have Aston Martin, Bentley and their related companies Porsche and Audi and lastly Mercedes-Benz as SCE customers. Which one is likely to be the first to commit to production offtake and when!?

Cheers

[longshanks] 24/11/2016 15:19

It is always a little disheartening to see the share price drift down and wallow in a dearth of news.Look at the three year trend though and it appears very much a normal pattern on what is overall an upward trajectory.I am very relaxed with my holdings and have been topping up as and when funds allow.I would take some comfort from the absence of news. No news means no deals have been signed yet, but it also means the new manufacturing site is progressing more or less to schedule.The AGM will, I am sure be well attended and I shall endeavour to provide my customary update report.

[panic investor] 24/11/2016 11:54

Doubt it most drift on little news - pretty unknown co too st the moment

[graham1ty] 24/11/2016 11:52

This is drifting down a bit without much selling. The chart has pulled back a number of times, so hope this is nothing ominous. Hopefully the AGM next week will give us the next leg up ?

[rivaldo] 24/11/2016 07:35

SCE is one of Unicorn AIM VCT's newest investments (via the placing), and in their results this morning they have this to say:



"Surface Transforms (+74%) is an established AIM-listed company focused on the development and manufacture of next-generation, carbon ceramic brake discs for the automotive and aircraft industries.

In April 2016, Surface Transforms completed a £6million placing and open offer. Unicorn committed £1.5 million to this VCT qualifying fundraising. As a result of this funding round, the balance sheet has been considerably strengthened and the business now has the capital it requires to invest in essential factory expansion.

This investment in new plant and equipment is required because of the significant recent progress Surface Transforms has made with its key automotive customers, which includes the signing of a pre-production contract with a major German automotive manufacturer. Although the business remains loss-making, it now has the foundations in place to enable it to grow its revenues substantially over the next two years."

[rivaldo] 22/11/2016 11:17

Here's WP Pro's own version of the above news FYI:



"WP Pro Ceramic line

WP Pro is pleased to introduce our new Ceramic line up of high performance brake systems, in collaboration with Surface Transform in the UK. With a life span that is expected to surpass any OE Ceramic rotor (PCCB II) by up to 10 times, these systems can be considered to be some of the best ceramic set-ups that money can buy.

etc"

[goldman] 21/11/2016 17:35

Thanks for that rivaldo, well spotted.

This is yet another step in the right direction that should be beneficial to both ST and us very patient share holders. I expect the share price to be significantly different in six to twelve months and higher again over a longer period of time. We just need those much talked about game changers and hopefully we won't have to much longer to wait.

[rivaldo] 21/11/2016 15:02

More news...



"Wednesday, November 2, 2016

WP Pro Disc Rotor

Steel Rotors

WP Pro’s steel rotors are cast using our unique chemical composition designed to increase maximum friction between pads and to lower wear and tear. We build our brakes focusing on performance and safety. ALL WP Pro steel rotors are heat treated before machining to allow the rotors to have a more uniform metallic structure. This in turn produces some of the strongest, longer lasting rotors currently available on the market.

Carbon Ceramic Brake Rotors

WP Pro has teamed up with Surface Transforms in the UK - world renown for their Carbon Ceramic disc processes - to employ the latest technology in the production of Carbon Ceramic braking systems. We offer both OE replacement kits and OE upgrade kits for selected vehicles. By working with our partner, we were able to develop new carbon ceramic technology that utilizes the following benefits not found anywhere else:

- Patented Continuous Fibre Construction:allows for up to 10x the lifespan of traditional braking systems.

- Lower cost of production which allows us to price it lower than competitors.

- The ability to refurbish ceramic rotors up to 3 times in its lifetime

- Three times the thermal conductivity in comparison to the traditional carbon ceramic braking systems.

- By working with OE partners, such as Koenigsegg, it gives us the opportunity to work with an extremely high performance platform to prove our products’ performance."

[talkman2] 14/11/2016 09:14

Still no formal contract announcement .

[panic investor] 08/11/2016 11:18

you certainly dig them out Rivaldo !

[glyn10] 08/11/2016 09:15

nice article Riv.

[rivaldo] 08/11/2016 08:26

News re the BAC Mono (with ST brake discs):



"BAC Mono with CCST discs takes record at Anglesey
November 07, 2016

The BAC Mono with CCST brake discs - driven by Richard Meaden of evo magazine - became the fastest road-legal car tested by evo at Anglesey Coastal Circuit. The lap time of 1:07.70 beat the previous record-holder (McLaren P1 GTR) by exactly one second.

The Mono features a 2.5-litre Ford Duratec four-cylinder engine tuned to deliver 305 bhp and 310 Nm of torque; the one-seat supercar weighs just 580 kg (only 7 kg of this coming from the light-weight CCST brake discs), giving it a 525 bhp per tonne power-to-weight ratio.

This success adds to the fastest ever Goodwood Festival of Speed Roadcar Hill Climb time last year and topping the Top Gear Power Lap Leaderboard in 2013 and BAC intend more iconic circuit record attempts in 2017.

Driver Richard Meaden said, "Driving the Mono is a quite amazing experience. From the what you climb into the car to how connected you feel with the road... you have a constantly remind yourself that you're in a road car when behind the wheel. Beating the McLaren P1 GTR by that big [of] a margin is simply staggering.

BAC Design Director Ian Briggs said, "The Mono has proved time and time again that it can compete with the best in the business, and its remarkable lap at Anglesey has made it a true pace icon."

You can see the full article on the BAC website."

Here's BAC's version:

[longshanks] 19/10/2016 07:41

I would hazard that it is simple "profit taking" and rebalancing of portfolios.890k shares that have been sold into an upward moving market is nothing to be concerned about IMO.If they continue to offload all ~4m remaining shares in the unit trust then that is more concerning but I don't believe that is the case.

[markm1980] 18/10/2016 20:57

890k shares or £890k worth of shares?

[toffeeman] 18/10/2016 19:32

HH have sold 890k since the fundraising

[longshanks] 18/10/2016 17:49

Looks like Hargreaves Hale have been offloading a fair few shares since August: many linked to Marlborough Fund Manager's unit trusts.

[longshanks] 10/10/2016 17:01

Overall I am quite satisfied with these results. Some slippage in OEM contracts but new factory is on schedule and they seem to have a potential capacity constraint on the horizon for 2019: a nice problem to have.One can't blame the MMs trying a small shake on the "flat production" headline. The shares remain tightly held though and demand remains high. Plenty of scope for decent news flow over the next six months - it looks like German OEM 3 is in prime spot to sign a deal once they complete their quality standards paperwork. It is though, especially interesting to see that German OEM 5 is keen to secure some capacity over its competitors - given the potential constraints for 2019. I imagine Kevin and Dave will be driving some nice "loan" vehicles in the near future.

[graham1ty] 10/10/2016 15:44

This is a pretty good recovery from this mornings weakness. Hope that means the D&K Show are doing the rounds and impressing everyone

[rivaldo] 10/10/2016 10:15

Cantor Fitzgerald summarise as follows today - they have a 40p target price and a 70p target based on DCF with revenues incoming from all five OEMs:

"Good commercial headway in FY2016

Surface Transforms' ('ST') FY2016 results highlight strong commercial progress for its differentiated carbon ceramic brake discs, where it is advancing discussions with five automotive OEMs. In particular, ST recently signed a pre-production contract with its 'German OEM three' customer and subject to agreed operational goals, it intends to introduce ST on a higher volume than previously discussed, with initial sales envisaged in FY2018. Elsewhere, retrofits and near OEM sales grew by 33% to £557k and ST's aerospace contract is still anticipated to commence production in early 2018. Investment to increase capacity and reduce manufacturing costs by 50% is also now well underway and management is now targeting relocation to the new Knowsley facility by 2016 end; ahead of schedule. We retain our Buy and TP of 40p in anticipation of further positive news flow over the coming months to support on-going share price momentum."

[toffeeman] 10/10/2016 10:02

See post 1750 [ITYS :)]

[graham1ty] 10/10/2016 07:54

Cantors target price of 40p

[amt] 10/10/2016 07:50

You cannot acuse them of lack of detail. This is how it should be. Very informative. Delays but longer term looks good.