Surface Transforms Share Discussion Threads

[pugugly] 25/6/2020 08:01

Very significant (imo) and bought in the market after the steep rise from 13p placing - Must have great confidence and a message to all shareholders - "We have a fantastic product"

[rivaldo] 25/6/2020 07:44

Great to see management investing large sums of money in SCE's shares at these levels.

I'm willing to bet that almost £50,000 of post-tax income is a very substantial investment for a Safety, Health, Environmental and Quality Manager.

[bones] 25/6/2020 07:28

Just the one Wood as I read it, Amt. Mrs Kerry Wood being the Mrs Wood referred to? That is indeed a vote of confidence in the company.

[regandharry5] 25/6/2020 07:24

Hear Hear.

[amt] 25/6/2020 07:13

Well done to the Woods putting very significant amounts of cash into the business. Vote of confidence if ever I saw one.

[epicsurf] 25/6/2020 07:11

Surface Transforms plc (AIM: SCE) announces that the Company was notified on 24 June 2020 that Kerry Wood, Safety, Health, Environmental and Quality Manager and a PDMR of the Company, purchased 106,474 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 23.0p per Ordinary Share. In a second transaction Mrs Wood purchased 116,771 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 21.4p per Ordinary Share.

[pinkfoot2] 22/6/2020 21:58

I would take anything Finncap say with a huge pinch of salt.That said, the upside here is substantial-my personal target 50p this year, maybe £1 when the world and automotive get back to normality.

[quemaster] 22/6/2020 20:39

Well that would be nice, resulting in a £6.50 share price assuming no further dilution.

[amt] 22/6/2020 19:38

It EBIT reaches 25m and the 2 billion opportunity exists I would expect a valuation of about 1 billion.

[rivaldo] 22/6/2020 09:40

Agreed re the results being as expected.

The main points now are that SCE are well funded going forward, and that there continues to be an unusually high level of optimism as regards upcoming contract news for later this year.

Finncap have today re-instated their 30p price target, and conclude as follows:

"Increasing capacity utilisation drives valuation: When the Knowsley factory reaches capacity (100,000 discs/annum in five production cells), we calculate that revenue could be c£50m, gross profit c£30m and EBIT c£25m. Allowing for the additional capex to build the incremental four production cells, we calculate that SCE could have an EV of c£150m at that point – more than four times the current value."

[toffeeman] 22/6/2020 09:24

So Merc are the driver (sic) to get that down that experience curve to make sure that we can maintain margins while cutting prices - gonna be an interesting couple of years methinks.

Still don't get what sort of car would only use CCBs on one axle - unles it's a Morgan three-wheeler!!

[longshanks] 22/6/2020 07:57

Results out with no real surprises.

Most importantly, the company reiterates the expectation that it will be cash-flow positive in 2021 and profitable in 2022 and that further contract announcements are expected in 2020.

Note the plural “contract announcements”.

[graham1ty] 22/6/2020 07:55

The results just reiterate what we already know. I hope they act as a focal point for a few more to read the story and see what has been achieved.

Well done the SCE team

[t0pgrader] 19/6/2020 19:10

Cheers. Many familiar & respected BB posters on here

[longshanks] 19/6/2020 18:52

Welcome t0pgrader.Hopefully this is a short lived dip before we return to the mid 20s.

[t0pgrader] 19/6/2020 16:29

Took the opportunity of the dip to start building a position

[graham1ty] 19/6/2020 14:54

Well, a fat lot of good Master Investor has done !!! 22p bid down to 20p suddenly !!

[epicsurf] 19/6/2020 13:49

Master investor article today Surface Transforms (LON:SCE) – no braking yet

The results for this carbon fibre reinforced ceramic materials company to end-December 2019 will be announced next Monday.

It will give its interim to end-June pre-close Trading Update on 20 July and then hold its 2019 AGM four days later.

So, there will be a welter of news from this innovative group.

Investment in this company must be viewed as a long haul, but one which I am convinced will pay off in due course and at prices far higher than my aim.

The shares close the week at around the 23p level, after having hit 28p in late February this year.

Profile 19.09.19 @ 17p set an end-2020 Target Price of 30p.

[bones] 17/6/2020 16:34

Thanks rivaldo. You’ll need to message me with email address and I’ll send you the PDF (5 pages). Sorry O/T SCE again but I’m just responding!

[rivaldo] 17/6/2020 14:11

Katschmarek, great to see you invested here as someone involved directly in auto brake systems. As longshanks said, any insight as to how and why you came to be here and on future prospects would be appreciated.

OT: bones, I also hold AOR, but only a small holding (unfortunately) from around 60p, so from memory have never bothered posting there, but will now look out for your opinion piece...

[swiss paul] 17/6/2020 12:58

A very good company (not many - incl FTSE doing this)
Surface Transforms (AIM: SCE) manufacturers of carbon fibre reinforced ceramic materials announces that it will announce its audited final results for the seven months to 31 December 2019 and notice of 2020 annual general meeting ("AGM") on 22 June 2020. These final audited numbers are unchanged from the unaudited results previously announced on 28 February 2020.

The Company will then issue a pre close trading update for the six months to 30 June 2020 on 20 July 2020.

The AGM will be held on 24 July 2020. After the AGM, the Chief Executive will provide a presentation on the current state of the business. In line with current social distancing rules shareholders will not be able to attend the AGM in person. Access will instead be available through the Investor Meet Company platform. It will be possible to ask online questions of the Board both before and during the presentation.

To attend this online meeting, investors can sign up to Investor Meet Company for free via hxxps://investormeetcompany.com/surface-transforms-plc/register-investor and register their attendance for the Surface Transforms presentation. For those investors who have already registered and added to meet the Company, they will automatically be invited.

Good stuff with the shareholder at heart!

[bones] 17/6/2020 08:31

Thank you Graham1TY. I will add those to the reading list.

[graham1ty] 17/6/2020 08:26

Bones, look at the presentation slides. Always superb, informative and truthful. I have rarely known an AIM Company be so good at keeping its shareholders in touch. They put an enormous effort into them, and are rewarded with a loyal band of shareholders