Surface Transforms Share Discussion Threads

[pinkfoot1] 06/7/2017 12:15

I had a chat with the execs last week-no change other than a bit of slippage.The Placing was oversubscribed and I took another lump.If anything,the project is derisked by the cash in the balance sheet and the premises move now sorted.

Shares also tax deductible which helps.

[toffeeman] 06/7/2017 11:43

I don't think you will have problems getting all the stock you want via the open offer.

the terms are not attractive to me and I guess many other PIs

[timbo003] 06/7/2017 11:28

Given the small size of the open offer, I suspect it will be oversubscribed (again), I will certainly do a few more than my allocation if the share price stays where it is or thereabouts (or goes higher)

[rivaldo] 06/7/2017 10:49

At least today's fundraising has removed any uncertainty whatsoever going forward as regards funding. The market seems to approve, and I too was happy with the small discount given the share price slide - it could have been at say 12p if the institutions had really demanded their pound of flesh.

This is obviously a jam tomorrow company for investors with (lots of) patience!

But the rewards are getting closer, and there are lots of big names already signed up to producing those rewards. Given the long-term nature of car manufacturing programmes, I'm confident that the sign-ups will lead to full production contracts. For investors it's therefore a question of getting on the bus now or waiting for news flow and hoping they can buy in on the dips.

[talkman2] 06/7/2017 10:31

Are share issues ( at a reduced price ) now an annual feature at this company ? Interesting to read the comments which accompanied the fundraising last year .

[shanklin] 06/7/2017 09:13

MrMacG

ROFL. Trust you're not holding any SCE.

[mr macgregor] 06/7/2017 08:28

To the muppet who is impressed by the small discount, the placing price is lower than the last blood sucking exercise just over a year ago.

[mr macgregor] 06/7/2017 08:24

Of course it's a jam tomorrow company. Just read RNSs over the last three years. It's like groundhog day.

[toffeeman] 06/7/2017 08:23

Well, if it all works out as we hope it won't be an issue (sic) but it's damned annoying that I could have purchased 25% more if I had waited.

I did think there would be another fundraising but that it would be at a premium!

Still and always learning.

[shanklin] 06/7/2017 08:21

Still keeping a watching brief. Not at all surprised that there is another equity fundraising but impressed at the minimal discount at which they are raising these funds.

[longshanks] 06/7/2017 08:17

It will be interesting to see if KJ buys shares this time though I doubt he will as he has always been more than content to limit his exposure to options.DB will be buying I am sure and together directors have indicated that they plan to invest £300k. That is good enough for me of an indication of board commitment.

[talkman2] 06/7/2017 07:57

More money needed to dilute the "jam tomorrow ". I don't suspect Kevin Johnson is subscribing for any new shares. One wonders whether this company will ever deliver on its potential for shareholders.

[longshanks] 06/7/2017 07:51

I wasn't expecting a fund raising and suspect this has been done before becoming absolutely necessary. Clearly the company needs to finance operations through to break-even cash flows and it looks like we are still in excess of 18 months from that being realised.Unfair to call it "jam tomorrow" when we have one OEM automotive customer secured and no change to the anticipated nomination for others.Brave of the BoD to make this announcement too when they are a week away from having a bunch of "grumblies" on their premises...

[albert_einstein] 06/7/2017 07:49

Not happy with yet more dilution especially at this price.

[amt] 06/7/2017 07:43

More dilution is this a jam tomorrow stock.

[longshanks] 05/7/2017 16:51

Can't see the photoshopping myself but perhaps they are covering up the "As seen on Porsche" slogan!

[sate_uk] 05/7/2017 14:19

What's with the dodgy photoshopping on that furnace picture?
Sate

[toffeeman] 05/7/2017 13:53

Who supplies the furnace?

[rivaldo] 05/7/2017 13:19

News (and a nice piccie of the new furnace):



"Surface Transforms factory expansion continues
July 05, 2017

Following the move to the new factory in Knowsley, Liverpool, Surface Transforms continues its expansion programme to support the demand from the automotive manufacturers, with the recent delivery of a new furnace. This significant investment will enable a more than 3-fold increase in the capacity of the new plant, and is due to come on-line in October after a period of commissioning and trials.

The furnace, standing approximately 6.0m high, and with a total footprint of nearly 50 sqm, marks the beginning of the development of ‘Series Production Cell 1’ to support the automotive OEM customers, and will be followed shortly by deliveries of further capital equipment."

[sate_uk] 05/7/2017 09:53

Unfortunately I can't go to the open day now. I am sure longshanks will provide an excellent visit report however.
Sate

[sate_uk] 26/6/2017 11:22

I am planning to attend the open day and it would be nice to also meet other ADVFN members. There were good sandwiches last time and it will be nice to be able to compare the new site with the old one.
Sate

[fernandesb] 24/6/2017 14:52

Hi Toffeeman and Goldman,
I am very grateful for both of you for helping me consider the other side's position.
Firstly as Toffeeman rightly pointed out dealing with General day to day matters should be delegated to Junior staff,it was wrong of the Receptionist to transfer my call to the Financial Director,there should be someone especially appointed to deal with matters concerning the open day.Secondly as pointed out by Goldman Mr Allen must be under a lot of pressure dealing with both Institutional/Private Investors on Financial matters,as i know myself on particular days when Business news is imminent the Forex Market can be very,very volatile and any distraction form my wife is met with a violent response from me.Hopefully on the day of the tour 14th July I will get to meet some of you who regularly contribute to this thread.

[goldman] 23/6/2017 20:07

Hi fernandesb,

I feel I have to say a word or two in defense of Dave Allan. Earlier this year I had reason to contact Dave on several occasions regarding a missing IES certificate and never had any reason to complain. Admittedly he wasn't the easiest chap in the world to get hold of, mainly due to the fact that the whole company had and still have so much going on within the business both with the work involved with potential new customers and also the move to the new premises. I always found him to be a most pleasant and helpful fellow. Perhaps you caught him on a particularly stressful day.

I hope you make it to the open day, I'll be doing my best to get there myself.

It's a pity about the loss of OEM 1 but never the less I'm still very hopeful that it wont be long before the brakes are off so to speak regarding contracts etc.

[toffeeman] 23/6/2017 09:54

Here is the counter argument:

Members of the BoD should be working as hard as possible to ensure that shareholder value is maximised.

Speaking to us (small) PIs on the phone (or by email) is a distraction and should be delegated to a junior member of staff.

The BoD makes itself available at the AGM and open days to interact with shareholders and answer questions.

We should be surprised by contact in addition to this.

[fernandesb] 23/6/2017 09:06

Hi Longshanks,
Many thanks for your useful information,I feel very assured by your comments which i totally agreed with,I am very happy that at present you might be able to attend and look forward to meeting you.Whilst i do not intend to pass judgement on the manner in which I was spoken to by the Financial Director,I am of the opinion that in any given situation,as representatives of the Company,Employees should be more "well coming" and polite to Investors, after all they are accountable to Investors, for the success of the Company .