Surface Transforms Share Discussion Threads

[toffeeman] 13/6/2018 08:38

Cash is tight (again) - another fundraise in 2019? - if so hopefully at a higher level!

[longshanks] 13/6/2018 08:16

He doesn't strike me as a "speculative type". I am not bothered. We have enough fully invested non-execs overseeing the board.One thing though is that KJ hints with his reiteration that the potential market for ST is massive, that he too sees the share price as undervalued. If his confidence is so, perhaps he plans to buy stock at some point either in the market or through taking up options.

[talkman2] 13/6/2018 08:08

I wonder why ?

[talkman2] 13/6/2018 08:07

Pity he never buys any shares .

[longshanks] 13/6/2018 08:03

Also interesting to note that KJ appears to be the one issuing this statement and his number is given at the end for enquiries and not DB.I suspect that DB was involved in drafting the statement but it is good to see KJ stepping up to the mark.

[longshanks] 13/6/2018 07:54

They may well sign off OEM 5 first by the look of it. The remaining track test should be relatively quick and should be complete comfortably in time for the autumn round of motor shows.

[rivaldo] 13/6/2018 07:52

Agreed - looks encouraging. Progress is slow but steady and is obviously getting there, with financing looking reasonable.

Above all production schedules are starting to get pretty close now, with Aston Martin due to commence in Q1'19.

I do like the closing statement:

"We are serving a potential £2bn automotive brake disc market where a monopoly supplier currently has sales of over £100m. Our customers want us to succeed in providing a second source of supply to the industry."

And:

"the Board and management team remain confident that the testing required to achieve engineering sign off from OEM 3 and OEM 5 will be completed in the current calendar year."

[bagpuss67] 13/6/2018 07:52

Nice read that.

[longshanks] 13/6/2018 07:42

£1.4m revenue is better than I had anticipated and the cash position whilst tight looks manageable.The good news is that it looks like they have finalised a product design/manufacturing methodology with OEM 3. They now need to do destructive testing on that final design - which takes time, but presumably is rather a straightforward process.

[balcony] 13/6/2018 07:25

Well-I Think that reads rather good

[longshanks] 13/6/2018 05:59

True fil, although I take some limited comfort from the trends and the fact that the 200d moving average has regained an upward trajectory.I am relatively sanguine about the share price. It is still very cheap in my opinion but whilst we are in the anteroom of positive cash flow, we can't discount there being further cash calls. As mentioned previously, I spoke to David Bundred earlier in the year and he was confident at the time that the company had enough cash to see it through to cash flow break-even.Much of that confidence must depend on securing a contract with OEM 3 in the near future. So let's see what progress has been made on the product testing.

[longshanks] 12/6/2018 00:45

I have certainly bought quite a few shares but most of the recent trades have not been mine. My last trade was the 15,500 purchase at 18.9p.I am expecting an update within a week or so and there should be a fair amount of detail to report on. Given the number of irons in the fire, there must have been a lot of activity since the February update.The likelihood though is that there will be little to get too excited about as anything exciting would already have been announced by RNS. It is worth noting though that they are now almost two years on from when a pre-production development agreement was made with OEM 3. The aim was to develop a product suitable for series supply. That goal must be still very much in play for OEM 3 and if it is the company we think it is, then we know the clock is ticking down on the anticipated launch date for the new series.The other news anticipated is final budget go-ahead from the Pentagon for the Airframe 1 project. My belief is that this could come out in the very near future. With luck it will coincide with the trading update.

[fillspectre] 11/6/2018 21:31

Longshanks - you're not still building your stake are you? Every time you own up I think "Rats its just Longshanks again!". We all know you are a true believer - what we need are many more converts!
In 2015 we had a pre-close trading statement on 10th June, 2016 …. 15th June, Last year …..20th June. I'm pretty sure we will get something in June but could still be a fortnight away. Fils

[balcony] 11/6/2018 10:05

There was a 100k buy at 19.5p on friday

[longshanks] 11/6/2018 09:55

Continuing to be very well bid. One could buy 25k at 20p this morning, yet following a 12k purchase, you can't get 2.5k without going to a NT.Such a strong rise on such little volume and no news whatsoever is rather odd.

[longshanks] 06/6/2018 09:01

The 15500 purchase was mine. I had a limit order in and it looks like the brokers reported the purchase incorrectly; I paid 18.9 and not 19.8.

[regandharry5] 06/6/2018 08:57

Looks like a small premium was paid for only 15500 shares.

[rivaldo] 06/6/2018 08:48

Cheers longshanks.

Good to see steady buying still coming in, with a 50k yesterday at 18.7p and a smaller 10k buy today already causing a tick up, suggesting not a lot of stock around.

[longshanks] 04/6/2018 20:05

I note on the ST website that they have listed a new distributor covering Japan: hTTp:\\www.rplinks.comAlso - FWIW - we should, finally, see a golden cross formation tomorrow as the rising 50d moving average crosses a rising 200d moving average.

[fillspectre] 30/5/2018 09:17

My hoped for new era of daily share volumes of 250K+ haven't materialised. No reasons yet for any of the slight upward trend in share price. We need some positive news - fingers crossed the year end trading update is a fortnight away. I still feel that it is going to be a long dry summer in more ways than one. Fils

[graham1ty] 24/5/2018 18:59

Longshanks, a bit lame......or just ironic ?

Of course, I wish this blasted thing would blast off, however after so long, a betting man would not join us holders.

I hope by posting negatively that I can be proved wrong

[longshanks] 24/5/2018 16:58

I plan to update the header in the near future. The current one is a little lame.

For now though I have added the 30d, 50d and 200d moving average trend to the header and copied here for reference.