Surface Transforms Share Discussion Threads

[graham1ty] 16/7/2017 07:53

Thanks for reports from the visit. Any further comments gratefully received.

[longshanks] 14/7/2017 23:15

I attended too and will post my full impressions over the weekend.My initial observations were:1. The level of excitement and engagement in the business by the operators, management and directors was remarkable. 2. The production line has been successfully transferred from Ellesmere Port in the form of the SVP Cell.3. The new CVIST furnace for the OEM Cell 1 dwarfs the one installed in the SVP Cell and shows the scale of the company's ambitions.

[goldman] 14/7/2017 22:50

You're very welcome

[bdaonion] 14/7/2017 22:43

Thanks Goldman for taking the time to post. Helpful for those of us who can't easily do site visits.

[goldman] 14/7/2017 22:08

I attended the open day earlier with about fourteen others and found the tour around the Knowsley plant to be most interesting and enlightening. The management team were very approachable and helpful and did an exellent job of explaining the manufacturing process and the expansion plans that will be implemented as OEM production contracts are agreed. The presentation was exellent and although the management team couldn't say much that wasn't already in the public domain what was said was very positive and encouraging. Although progress with the OEM's may appear to be slower than hoped I think it's fair to say that the wait will be well worth it.

It was good to meet a few fellow shareholders and the management team who I would like to thank for giving us the opportunity to see and hear firsthand the progress that is being made, well done ST.

[quemaster] 13/7/2017 21:02

Swiss paul, I thought you of all people you would understand that Surface Transforms is very much like a beautiful woman. She will tease you keep you waiting and take your money, but when she finally delivers WOW!!!

[toffeeman] 13/7/2017 21:00

Divvi - you'll be lucky and of course it's not jelly and ice cream but swiss roll :)

[swiss paul] 13/7/2017 20:47

Hope you all enjoy your jelly and ice cream tomorrow - don't load up on the freebies to much as your eating into this wage slaves divvi!

[toffeeman] 13/7/2017 11:26

Thanks for posting that Riv

It's a useful document if peppered with spelling and grammatical errors (rushed off the press before the open day?)

My main question is the one inconsistency (that so far I identify) in the report.

The key benefits are performance in part due to weight reduction. The latter only applies if it is pre-specified into the OEM build programme.

A significant part of the Hardman report which looks at market potential seems to overlook this:

"Market size potential is £2bn+, we consider, with a highly visible market of £400m. The £2bn assumes under half of cars selling for between £50,000 and £100,000 take the product – potentially only on the drive axle for more mid-range cars. Effectively,the £400m market aspiration takes account principally only of cars selling at £60,000plus, with a very small amount in the £40,000 to £60,000 range." (P21).

Anyone going tomorrow - please feel free to probe!

So it seems:

OEM1 McLaren
OEM2 Bentley
OEM3 Porsche
OEM4 Audi
OEM5 Mercedes
OEM6 A-M

Now if PI's like us can work this out, then so can the world, his wife and Brembo SGL!

Regards

PS the latest Hardman report has had no impact so far!!

[rivaldo] 13/7/2017 09:55

Hardman & Co initiate coverage with a 30 page report FYI:

[galois2] 13/7/2017 09:54

tombo 003, many thanks for the heads up on the 2015 EIS restriction, I had no idea. It does complicate matters. If the company were planning to issue an EIS 3, I guess they might have told me, so in the absence of information I'm probably better of assuming the EIS 3 won't be forthcoming.I hope Friday goes well.

[timbo003] 12/7/2017 12:20

I'll ask about how the OO is going, but it is very early days, the applications do not have to be in for another 12 days (July 24th), see timings below:

[toffeeman] 12/7/2017 09:33

Hope Friday good - they should know what the open offer take up is by then - please do ask!

[timbo003] 11/7/2017 15:26

>>>>>galois

I will mention this to David Allen when I see him on Friday, as I too have an EIS anomaly from the last placing and open offer that I would like to sort out.

If you intend to do EIS in this forthcoming OO, I suggest you get it sorted out if you can, as owning shares which were not purchased with EIS reliefs will disqualify you from claiming EIS relief this time around (new rule which came in during 2015)

[galois2] 11/7/2017 15:17

Thanks for the replies on my EIS problem. It seems that I've just been unlucky, missing one certificate and having the wrong date on the other (I planned for the tax relief in 2016/17, not 2015/16, so the EIS relief is largely wasted). The company could have handled it better, particularly as it was a prospectus commitment,I'm not sure why they found it so hard to admit a mistake.

[pinkfoot1] 11/7/2017 09:10

Got my EIS cert last time without any trouble at all

[longshanks] 11/7/2017 09:06

It also depends on who cannapply in the OO.We have a number of large holders and directors buying in the placing and subscription. I doubt they are buying in the OO too.Equally - shareholders living in certain jurisdictions are not allowed to take part.One can therefore expect excess applications to succeed to some degree even if all other shareholders take up their entitlement.I remain bullish and whilst I never expected to get any more EIS shares - am pleased to be able to do so.

[albert_einstein] 11/7/2017 08:58

What you apply for is one thing but what you actually get is a different matter. It all depends on the overall numbers applied for and any subsequent scaling back if oversubcribed.

In all honesty I can't see it being massively oversubscribed given that significant newsflow is probably not on the near term horizon (unless things suddenly change) so pateience will again be required.

[knownowt] 11/7/2017 07:47

There is absolutely no limit to what you may apply for provided that you are prepared to have your money tied up whilst the allocation is worked out.

[longshanks] 11/7/2017 07:28

I am making an application for 5 times my entitlement so am pleased to hear I should get most of them.It does though seem rather presumptuous on the part of your broker as they can't possibly know the level of take-up in the open offer.

[toffeeman] 10/7/2017 14:03

I have a very modest holding in SCE

Just received notification from my broker that I can apply for 4.5 times my current holding with the open offer.

It doesn't appear rationed!

[longshanks] 10/7/2017 09:19

I have never had any problems with communications myself.I received my EIS certificates a while back. My application was based on certificated holdings. If your participation was via a nominee account or broker then that could be the problem.

[galois2] 10/7/2017 09:03

With regard to EIS relief, I am still waiting for certs from the March/April 2016 open offer. Has anyone else had trouble with this? After some chasing my wife got her certificate, but with what appears to be an incorrect date (5th April, whereas the open offer shares according to the RNS were issued on the 18th) which means no tax relief in 2016/17. The company insists the shares were issued on the 5th. Am I missing something? And rather like fernandesb, the company does not respond to communications.

[toffeeman] 07/7/2017 09:20

Mea culpa - I misread the RNSs