Surface Transforms Share Discussion Threads

[spookies] 20/6/2019 09:26

Just been reading through some historic posts. Is the deal with Dunlop Aerospace still active.


Financial Times; May 01, 2004



Surface Transforms, the Cheshire-based producer of high performance carbon ceramic products, has raised £2.7m through a placing at 70p a share in order to accelerate development.

The company, which is advised by John East, last year signed deals with Dunlop Aerospace, one of the world's leading suppliers of aircraft braking systems, and Roxel, a division of BAE Systems that supplies motors for rockets.

The placing - taken up by institutions including Gartmore and Rathbone - is the first fundraising by the company since it moved from Ofex to Aim in 2002.

The company said it was well placed to achieve further penetration of the aircraft braking market and was working with a European automotive braking supplier to develop brake discs and pads for cars.

[longshanks] 20/6/2019 08:32

This isn't a horse race Fils, and ST isn't some nag.I like a quiet board. We are all waiting and without news there is little to speculate on. Paris air show maybe....but not much on before the Frankfurt motor show.

[fillspectre] 18/6/2019 22:41

At least the few sellers that are around are getting 15p for their shares.
Seems the hubbub that was building last week on this bulletin board has melted away as quickly as it came. Has everyone got bored or are you all watching currently more interesting stocks? From the 7th May RNS and the words of Kevin Johnson "Surface Transforms continues to believe that it will be able to announce positive developments on programmes with OEM 5 and the new model at OEM 6 within the next few months." I'm thinking a few is more than two - could be four or five. I think we won't hear anything until September. Go on SCE prove me wrong! Fils

[fillspectre] 14/6/2019 14:43

A few sells today. I feel as if I may have poured cold water on a speculative bubble with my last post. If there are people in the know buying - the buying will be sustained and relentless as news spreads. The volumes haven't got significant yet - when we are over 0.5 million every day for a week we may be able to point to a new buying trend. Fils

[pugugly] 14/6/2019 07:57

fillspectre_ Like the PS - They are also (imo) an honest company and management tell it as is is and not how they think investors would like it to be - I only hope my interpretation is correct and I am not forced to eat my words in the future.

That said senior (Board in other words) at prospective OEM's could always change model strategy and leave the Company and the shareholders in the sh*t

[fillspectre] 14/6/2019 07:46

Could just be sheer speculation and a willingness by many to see the good times roll.
Many people are informed watchers just waiting to press that buy button but only an official RNS is going to put us in a safe place. Me - I'm currently just sat on my hands. I also reckon there are others who want to sell out and will make use of the rise. Still the most exciting thing we have is that video link that Longshanks posted - Longshanks you could have started something here. Fils
PS We know the Company - they will respect the confidentiality of the client company until the contract is signed and they need to inform the market. I won't use the phrase tight lipped as Longshanks quite rightly took exception to it last time. I shall say they are appropriately quiet!

[graham1ty] 14/6/2019 07:06

No RNS.......that might mean there is actually nothing to report....

They have probably been advised that they should not RNS on every rumour, on every price rise.

[spookies] 13/6/2019 19:41

Nice to see us in the top gainers list.

[quemaster] 13/6/2019 18:09

There were two 50k trades that were also late reported and all three showing a sells due to the bid and offer moving up before publication.

[quemaster] 13/6/2019 17:27

The 77k @15.5p is time indexed at 15:35, at that time the buys were going through at 15p.

[toffeeman] 13/6/2019 17:13

They are all buys - that's why the price went up - you can only allocate ATs to buy or sell.

[pugugly] 13/6/2019 16:48

77K looks more like a sell to me - marked late. The iceberg (only a small one) that appeared to be lurking. Look at the marks 7&8. Agreed the 50k was probably a buy -

[balcony] 13/6/2019 16:44

50k and 77k decent size buys.

[balcony] 13/6/2019 16:34

But looks nice and blue.

[balcony] 13/6/2019 16:34

But looks nice and blue.

[balcony] 13/6/2019 16:32

I did a dummy sell first thing this morning,They would 100k at full bid 14p,Just tried now but there was no online bid even at 50k.

[pugugly] 13/6/2019 16:27

Almost looks as though news is leaking - Market bidding for stock - Bid and offer moved up - offer now 16.5p however only in smallish lots unless icebergs to be declared later.

[graham1ty] 13/6/2019 16:18

Blimey, 15.95p now

[graham1ty] 13/6/2019 16:12

Will they be forced to put out a statement ? Pretty constant smallbuying. And as Rivaldo says, no sellers. That might change now. 15.5p was the Placing price and unhappy Placees ( there must be some) can now cut and run without taking a loss.

Might be loose sellers now

[rivaldo] 13/6/2019 15:35

Agreed - another 25k just bought at 15p, and another mark up given that presumably the MMs can't find any stock to satisfy the demand.

[balcony] 13/6/2019 08:11

Graham -We have only seen one 14p printed buy,Why would a MM now pay the same ? I think we have a determined buyer.

[graham1ty] 13/6/2019 08:05

Now 14p bid. If you look at volumes over the last 4/5 days it looks like net purchases of c150,000 to 200,000 shares. That is only c £20-£25,000 worth. Is that really enough to justify a 20% rise, notwithstanding how illiquid this is ?

Still feel this must have been tipped somewhere or some very nosey buying

[bdaonion] 13/6/2019 00:10

For what it's worth, I've been making some dummy sales in the last 2 weeks to see the reaction. Bearing in mind this is an illiquid stock 100,000 sale has been easy and above the bid price. Example this morning when 13p was showing, 13.65p was bid.
Now the bid is 13.5p. To me the market is saying we want stock and I've been doing this long enough to believe the market.
Pretty much confirmed is the Valkirie and Jesko SOP in late 2019/early 2020. 250 cars in total. If OEM 3 or 5 confirms soon, then ST will be at full capacity plus. That may be the issue, and ST need to be able to respond quickly to that demand.

[fillspectre] 12/6/2019 22:46

Re: the recent share price movement - like Longshanks I wouldn't read anything into either. For all we know it could be Longshanks himself having another dabble :-). I keep talking myself out of it. I would hate for one of us to be making a speculative uninformed purchase only for the rest of us to sit here discussing the possible hopeful signs that some in the know have started buying ahead of an announcement.
The most important thing is have we anyone in the group who can confirm an SCE brake from a video freeze frame? Fils.

[fillspectre] 12/6/2019 22:38

Longshanks for once I have to beg to differ. Kevin's purchases are fairly scant in my opinion. Richard Gledhill and David Bundred have made far more committed purchases. I also stand by one of my earlier posts where I said that in my opinion I don't think directors should be awarding themselves share options sub 16p post the 2016 fund raise and open offer at that price. If you go back in the annual reports there was a year when Kev received a very generous pay increase - so one could argue as shareholders we are paying him to have the money to make these share purchases. Additionally when you compare his salary (it did drop from 2017 to 2018) with that say of Mike Creedon of SDI you conclude either Kevin is paid generously or the SDI remuneration committee is demonstrating pay restraint. Let us face it SDI is profit making with profits growing. SCE is well short of being able to make that claim. I would be more impressed if SCE's Finance Director Michael Cunningham made some share purchases especially if purchased from the market and didn't just take up options.
SCE Annual report to 31/05/2018 Dr. K. Johnson £144,902. Loss after taxation of £1,834K (ok so this represents capital investment) 4 directors 41 other employees (big increase on 2017).
SDI Annual report to 30/04/2018 Mike Creedon £175K (includes 40K bonus). Adjusted profit before tax £2.3 million - up 90%. Can't find employee numbers but there are at least six businesses - must be bigger than SCE by at least a factor of 2 if not 3.
Fils