Surface Transforms Share Discussion Threads

[balcony] 20/3/2017 11:27

My guess is the selling is down to end of the tax year,I am very tempted to add below 20p.they will be having a meeting with OEM3 in early april.

[toffeeman] 20/3/2017 11:19

Yep Al - they are either buys or sells :)

[albert_einstein] 20/3/2017 11:12

Are those trades at 18.5 buys or sells?

[longshanks] 20/3/2017 11:08

Your issue with Cantors seems personal. In an illiquid market, naturally the market can be "manipulated" to some extent but I would argue that to drive the price down only serves the MM if they can acquire stock cheaper than they sell it for.Given we are unlikely to see another placing for some time (if ever) I see little reason for Cantor or any other MM to manipulate the price lower other than to stimulate market demand. There could be a large sell order that a broker may be trying to fill - but that doesn't seem to be the case - we just have persistent selling and limited buying IMO.

[condom2] 20/3/2017 09:10

My point is C*ntors are manipulating the price down .Like they did for the Placing !

[longshanks] 20/3/2017 08:44

I don't understand the point you seem to want to make condom2.

[condom2] 20/3/2017 07:58

That would be wrong,because they are such lovely people,who love to help everyone !

[pugugly] 20/3/2017 07:51

Condom2 - I like your cynicism - Why not call a spade a spade and substitute the correct letter (u?) for your * ?

[condom2] 20/3/2017 07:41

I was a MM for 27 years,so I do know a little bit about it .If you think C*ntors provide a service you need help.

[longshanks] 20/3/2017 06:23

The MM job is to provide an opportunity for retail shareholders to buy and sell stock; they can't dictate the market price as they also want to make money through working the spread.If we have more sellers than buyers the price will drift down; that is just a law of the market I am afraid.Given how illiquid the stock is though, any new surge in demand will trigger a spike in the price with orders limited to the NMS. If we had news tomorrow on Airframe 1 or Porsche signing up to series production- you would not be able to buy much below 30p.As much as anyone, I hate gripping a falling knife but I am relatively sanguine about my policy to add on weakness with SCE. It is a classic AIM stock but one now with a healthy silver lining getting brighter by the week.

[condom2] 19/3/2017 08:39

By watching the screen and ioi's , seems the analyst thinks one thing and MM another .

[pugugly] 18/3/2017 11:02

Condom2: Where did you find that Cantors marking down and what new target ?

Latest on norwich & peterborough

Surface Transforms broker views
Date Broker Recommendation Price Old target price New target price Notes
13 Feb 17 finnCap Corporate 18.75 30.00 30.00 Reiterates
13 Feb 17 Cantor Fitzgerald Buy 18.75 40.00 40.00 Reiterates

[condom2] 17/3/2017 16:18

Looks like he won't need to bother if Cantors marking it down.

[longshanks] 16/3/2017 10:07

Interesting to note the RNS that Kevin D'Silva has exercised options.They expired on 29 March but had an exercise price of 21p. I am sure he could have bought 50k shares at 20p in the market and just let the options lapse. I guess this way he provides the company with a further £10k of working capital.Interesting too to note that Kevin Johnson has options expiring on 29 March for 100k shares at the same price. I suspect those will be allowed to lapse, but he will be working his cotton socks off to get the share price up before his next, much larger tranche of options lapse in June 2018.

[longshanks] 10/3/2017 04:59

I note McLaren revealed the new 720S at the Geneva motor show this week.This is a replacement for the 650S and presumably the carbon ceramic disks continue to be supplied by Brembo/SGL.I did find this article though about someone who had problems wth the disks:hTTp://www.mclarenlife.com/forums/mclaren-650s/50937-carbon-ceramic-brakes-discs-2.html#/topics/50937?page=4&_k=rd3ur4It seems odd that McLaren should have recommended using steel disk replacements when doing track days!!Hopefully Akebono and McLaren have taken note of such issues and pushed for supply of a more robust carbon ceramic disk rotor. Only one supplier of performance disks though so they would have had to drop Brembo/SGL.

[longshanks] 08/3/2017 11:05

I have been adding over the last few weeks but I don't think I am alone: this is looking very well bid with retail buying efforts limited to negotiated trades. There is stock available at 20.5p but I struggled to fill an order at 20.25p so I suspect we have a sizeable order being filled for someone at/around 20p.If news on airframe 1 or an automotive OEM came in tomorrow I would expect a strong jump in the sp, but given the current planned timescales, I would still expect a developing upward trend towards the mid-20's now.

[longshanks] 27/2/2017 12:41

Yep. Not particularly well bid either at 20.75p.

[wednesday6] 27/2/2017 11:11

Strange spread the 20.95 trdes are buys

[rivaldo] 23/2/2017 15:18

Here's a full transcript of that interview FYI....

[graham1ty] 22/2/2017 13:43

David can be hilarious ! Very good interview

[longshanks] 22/2/2017 10:51

Good positive interview I thought with some interesting snippets of information.

Notable for me was that the group encompassing OEMs 2,3 and 4 currently spend £70m pa on CC disks, with that spend expected to rise to £100m pa by 2020.

The product issue is presumably the "salt-water" issue that we know is being worked on. As far as I am aware it is just a case of operating the disks for enough hours under certain conditions. Replicating all those conditions may be part of the problem - but overall it is just a matter of time and additional "research" spend.

AM presumably don't care so much about the issue because it is less relevant to them, just as it is irrelevant to Koenigsegg.

In the case of this large German group though, we are talking much larger scale and therefore more i's to dot and t's to cross.

I agree with you, timbo, that DB's turn of phrase did bring a few smiles.

[timbo003] 22/2/2017 10:46

>>>>Tm

DB has remarked at several previous meetings about the German's penchant for tests and standards (more so than other Europeans)

[toffeeman] 22/2/2017 10:15

Intersting interview - ther remains a product issue to be overcome before VW-Porsche sign them off.

So why is it not an issue for A-M?

[timbo003] 22/2/2017 08:38

New David Bundred Interview (his turn of phrase made me smile a couple of times)