Surface Transforms Share Discussion Threads

[rivaldo] 05/10/2017 23:03

A late reported 100,000 buy at 16.5p and a 60,000 buy at 16p caused a nice move up today.

[regandharry5] 04/10/2017 15:21

Agree longshanks,and a 100% rise in the share price will only take it back to where it was a few weeke ago.

[longshanks] 02/10/2017 18:05

I would take some comfort Reg from the growing list of respected institutional investors that are taking positions here.

I note in the recent updated register that Hargreaves Lansdown now have a 4.6% stake and Rathbones have 3%. I have updated the header with these details.

This is a burgeoning good news story and as I posted a while back...the company is actively transitioning from a blue-sky jam tomorrow technology business into a very real engineering business with a very real manufacturing operation with high gross margins and decent medium to long term growth prospects.

It is now all about delivery. We have had the "thin end of the wedge" with the Aston Martin OEM contract award - it is now (in my opinion) almost time for all the other automotive OEMs to start coming through with their own announcements. The big one will be the German OEM 3. With that I would expect a sustained rise in the share price to commence - and once that rise starts, it may not stop for some time!

[regandharry5] 02/10/2017 17:20

Longshanks,No if I was thinking along those lines I would have done it about 10 years ago. Still hoping for jam tomorrow. Beginning to think that my Grandchildren will benefit more from this one than I will.

[longshanks] 22/9/2017 00:31

I note that ST are recruiting.

They have a position advertised on their website for a quality engineer

[longshanks] 21/9/2017 15:31

I am not sure but it could be that the OEM three racing contract may be a recurring income.

[longshanks] 21/9/2017 15:29

Are you ready for capitulation Reg?

[regandharry5] 21/9/2017 15:20

Are we heading back to 10p?

[quemaster] 21/9/2017 09:24

SCE have potential contracts with 5 auto OEMs and 1 aerospace OEMs that will have recurring annual revenue and 2 contracts on limited edition models that will give one off revenue.

OEM 1 - Annual Revenue £1 M .... Start of Production - not yet stated
OEM 2 - Annual Revenue £1.1 M . Start of Production - 2020
OEM 3 - Annual Revenue £ 10 M.. Start of Production - 2020
OEM 4 - Annual Revenue £ 3.8 M .Start of Production - 2020
OEM 5 - Annual revenue £2.5 M ..Start of Production - 2019
Aerospace OEM - Annual revenue £1.5 M Start of Production - not yet stated.

One off revenues....
Aston Martin Valkyrie - Revenue £1 M ... Start of Production Jan 2019
OEM 3 Racing car - Revenue £ 500K .Start of Production 2018

SCE as say that the pipeline of the current customer discussion is £50 M.

With current turnover of £702K and market cap of £18M just a couple of the above contracts should hopefully be enough to send the share price in the right direction.

[toffeeman] 20/9/2017 15:35

I think I agree with Mr M but to put the alternative case: - the small number of people who buy top-of-the-range cars with ceramic brakes are still going to spend.

[mr macgregor] 20/9/2017 14:59

I can buy into the product but what puts me off is that due to repeated delays (not, I believe, the fault of the company) they may be in a position where they're chasing revenues in the teeth of a global recession. Certainly the odds of that happening are increasing in my opinion and the high-end markets they're aiming at aren't very defensive to say the least.

[rivaldo] 19/9/2017 10:52

Steady as she goes - waiting for major news flow and the subsequent ramp-up.

At least we know SCE now have plenty of cash following the post-results £3.7m fundraising.

With a potential 20,000 units per annum giving rise to forecast £6m EBIT the upside is clear assuming DB and the team deliver. It's a question of patience from here as ever.

Cantor retain their Buy and 25p target today, whilst Finncap retain their 24p target.

[pugugly] 19/9/2017 07:47

Aerospace - A continuing worry - delays in automotive - company very much on the cusp - An very honest picture (imo) warts and all - Expect some short term holders may cut and run but stock so illiquid that suspect major holders will be unable to exit (if they so wished) without a very big bath.

On the whole however an encouraging picture provided Aerospace concludes successfully.

[talkman2] 19/9/2017 07:40

Boring RNS . Still jam tomorrow.

[longshanks] 19/9/2017 07:36

Results out. No big surprises in the numbers and not much new news as far as I can tell. OEM 3 audit for VDA6.3 has been delayed until November. Whilst a delay it does allow for the new furnaces to be properly commissioned and operational when the audit is undertaken. With the AGM in late November we can look forward to an update on this process.

[longshanks] 15/9/2017 09:00

But hopefully not much longer

[swiss paul] 14/9/2017 21:21

Quiet here

[longshanks] 01/9/2017 10:34

Clesrly this is a ramp free zoneI can't see any direct way for ST to benefit from AMs Japanese investment but it is certainly interesting and of news to me that Japan is the second largest market for luxury carsGiven the application of carbon ceramic brakes is expected to be focused on luxury cars as well as performance cars in the near future then there will I think be some indirect benefit due from a strengthening relationship between ST and all of the high end luxury brands

[toffeeman] 31/8/2017 20:46

Apparently not :)

[graham1ty] 31/8/2017 20:24

Gone a bit quiet here. Not a mention of Aston Martin trade deal with Japan. Surely enough to get some ramper hot under the collar ?

[markm1980] 09/8/2017 06:14

Article in the FT today on the same topic longshanks mentioned a few days back: Carmakers face threat from new drivers of profit -

Those without an FT subscription can google the title and click on the Amp link to read, I think...

[rivaldo] 07/8/2017 10:33

Hargreave Hale have increased their stake in SCE per today's RNS:



"Post Period End Update

Deal flow has been good since period end and we have made one follow on investment in Surface Transforms"

[longshanks] 05/8/2017 11:19

Don't forget too that the weight savings are in the unsprung weight of the vehicle.

[quemaster] 05/8/2017 01:33

Wow, plenty to think about there Longshanks.

Pugugly, regarding the future use of ceramic brakes in such vehicles I was encouraged by this from the Hardman note.

Four Surface Transforms brake discs weigh 20kg which is c.40% the weight of four iron brakes. In reality, this is only part of the weight saving achievable since the lighter brake system allows a lighter chassis to be specified. We understand the total savings could be +/- 100kg where the discs are an intrinsic part of the model design.