Surface Transforms Share Discussion Threads

[longshanks] 20/6/2017 07:54

I agree that this statement is principally disappointing as we are expected to wait a further 6 months for nomination by OEM 3, the airframe 1 project has entered some prolonged delay that I can't quite understand and OEM 1 have gone to Brembo for the car promised to ST.However, there is no reason for cataclysmic despair. The factory move is complete, the relationship with OEM 3 is developing well as too is that with OEM 5 - so the medium term outlook: 2019 onwards still looks very positive.The factory move has impacted turnover and cash flow appears to be drifting away from plan. The biggest concern is whether there is enough cash now to bring them to operating break-even and they indicate that additional finance may be required: although that could come from loans.The most positive point in this outlook statement is the earnings visibility. This has doubled over the previous year and is the clearest indication yet that the company is transitioning well into being a mid-size manufacturer.Whilst frustrated by the delays and concerned about the cash position, overall I am still satisfied that this is developing well. No reason for panic.

[bones698] 20/6/2017 07:38

Because he is actually really clever . Get himself.a big wage every year at the expense of private investors whilst achieving very little for years . Clever guy if u ask me

Expect 50% fall today then further drips next few days hitting the 68%retrace . That puts it around 7-8p which I still see as generous given the constant failure to deliver . How long before a cash call too ?

[talkman2] 20/6/2017 07:32

And we wonder why Kevin Johnson never buys any shares !

[graham1ty] 20/6/2017 07:31

They are trying to put a positive spin on many aspects of the trading statement, but these delays will be taken badly

[amt] 20/6/2017 07:28

Yes I agree. It reads about delays. Is it possible that customers will keep some limited interest to help with negotiations with competitor which has sales of 100m. How can they compete with established competitor by the way. Dont really understand whats going on but I suspect the share price will fall a lot today.

[bones698] 20/6/2017 07:24

Agree wider market is in for a hard fall soon . Tiddlers like this will always lose massively in that scenario but on today's news it's set to tank anyway . Almost a decade and still failing to deliver growth. So has risen on promises that yet again have failed to get delivered . 50% faller today easily as it's gone up way to much on hype. Reality it should be 5p but because of the recent rise will hit 10p instead

[mr macgregor] 20/6/2017 07:20

As usual, jam the day after tomorrow. This is exactly the sort of company that will be hit hard when broader market sentiment finally heads south.

[talkman2] 20/6/2017 07:15

So pleased I sold all my shares in the 20's . Holding this share is one of TOTAL frustration . Jam tomorrow delayed still further .

[bones698] 20/6/2017 07:09

Ouch 10-12p today . Everything delayed pretty much slow progress if any sales below target this will tank

[knownowt] 19/6/2017 21:07

I am hoping for a year-end closing update any day now - it was 15th June last year - and it won't be the p&l figures that are of interest, but the balance sheet and the report on 'bedding in' of new plant and staff at Knowsley. If the company can satisfy all VDA 6.3 requirements, then demand should be accselserating in the not-too-distant future.

[longshanks] 19/6/2017 18:05

The only reasons for contracts to be delayed are technical (VDA6.3/salt testing) rather than globo-political.

[vago] 19/6/2017 17:40

I was thinking more about, possible delays in contract signing due to uncertainty over negotiations.

[longshanks] 19/6/2017 17:05

Plenty of thoughts....A concern is naturally on any tariffs that may be levied on export goods.I chatted with David B at the AGM on this matter and he was pessimistic at any ability of the UK government to retain free trade as part of the negotiations and that exports would inevitably start trading according to WTO rules.He didn't believe this would impact ST though given their strong IP and the need of OEMs to have a dual supply. With the cost reduction program and net currency factors, they would still be price competitive with the likely tariffs.Furthermore he mentioned that the bell manufacturers (upon which the disks are mounted) are French and it may well be possible to have final assembly shifted to France so as to minimise any tariff burden.

[toffeeman] 19/6/2017 16:56

Brexit will not have a significant effect, any currency impact is probs already priced in.

[vago] 19/6/2017 16:51

Any thoughts out there on the likely effects of Brexit on SCE.

[longshanks] 19/6/2017 16:10

News flow can be slow - but given how far we have come - and the tangible shift in emphasis from pilot plant production to mid-size manufacturing, I see no reason for pessimism.We will have news soon I am sure.

[markm1980] 16/6/2017 08:55

Becoming increasingly pessimistic that we will hear progress on the many fronts we are hoping for...

[rivaldo] 08/6/2017 11:52

New article about Aston Martin's new hypercar, the Valkyrie. Looks like getting on for £500m revenues with 175 units at £2m-£3m each.......

SCE confirmed once again as providing the brake discs (and Wipac will be providing the headlights and tail lights - they're part of Carclo (CAR), which I also own):

[the big fella] 07/6/2017 14:17

Fair enough. I have not been following all the trades all of the time!

[balcony] 07/6/2017 14:13

TBF-I think there was a 50k sell on Friday at 18p maybe this is why we are still down

[the big fella] 07/6/2017 14:01

Frustrating as we have had more buys than sells now and we are still .5p down on the bid!

[the big fella] 07/6/2017 13:03

That would be nice

[longshanks] 07/6/2017 13:02

The price decline has been disappointing but not too surprising. We will have a trading statement soon and no doubt that will clarify the picture.It is possibly worth noting that the Paris Airshow occurs at the end of this month. As good a time as any to conclude the airframe 1 supply arrangements.

[wednesday6] 07/6/2017 12:52

In fact I've just convinced myself to buy a further 10000