Surface Transforms Share Discussion Threads

[amt] 20/1/2021 08:35

bones you got lucky.
There was only 100 shars available at 8.01

[knownowt] 20/1/2021 08:34

comment withdrawn

[talk2dubya] 20/1/2021 08:33

Bones you did get lucky or took most of the available stock at that price. Had limits in at 55 and 57 to try and reduce my average a tad but no joy for smallish amounts

[bones] 20/1/2021 08:30

Amt, at just after 8am, I had no trouble getting a quote for 15k at 55p from AJ Bell. Maybe I got lucky. Big demand now coming through, not altogether surprising. This story is finally now just starting to spread. It’s down to the management now to execute and it seems they are doing just that.

[volsung] 20/1/2021 08:29

No chance to buy the dip early doors

[amt] 20/1/2021 08:29

Just imagine when they start announcing the signing of all these new contracts.
At 50p for the institutions it's a gift really.

[longshanks] 20/1/2021 08:28

Thanks for the correction Bones. I get it now.

[nw99] 20/1/2021 08:28

Very bullish sign raising the money so easily

[pinkfoot2] 20/1/2021 08:25

Correct longshanks-the opportunity has accelerated and finance on a cell would be challenging given how specific they are.The opportunity is now.

I’m very confident

[longshanks] 20/1/2021 08:24

They needed to raise a lot of cash, Albert, and by this process they can quickly do so.There is an Open Offer and whilst the number of shares guaranteed available is relatively low, the company have a good history of expanding the offer to meet excess demand. There are no EIS restrictions so in theory an Open Offer extension could be unlimited

[amt] 20/1/2021 08:22

I tried to buy this morning. It was impossible. There is a hint that we might get more than 1 in 39.
1 in 10 would be satisfactory.

[allstar4eva] 20/1/2021 08:21

The placing is at a good price and for a good reason. Mgt don't need to waste time and resources including PI's in placements like these imho. Get it done quickly and get on with the job. The amount of times I've seen people complain about placings then when the share price falls below the placing price there are no takers!

[albert_einstein] 20/1/2021 08:19

Why not offer the placing stock to existing shareholders first?

[bones] 20/1/2021 08:19

Gledhill’s is the same, Longshanks. It’s just that they showed value yesterday and share numbers today, for some reason!

[longshanks] 20/1/2021 08:15

Placing and subscription completedInteresting to see that Richard Gledhill has doubled up on his subscription over what was announced yesterday. Confident or what.

[toffeeman] 20/1/2021 08:09

>> Albert_e

You are correct Kevin Johnson specifically stated that additional capital required to expand production would be through asset financing not share placing. My conclusion is that the apparent ability to charge higher prices than budgeted means that they believe that the risk/reward means raise capital now.

What is unclear is the value of the opportunity to us small PIs.

[longshanks] 20/1/2021 08:07

I think it is a matter of timing Albert.For them to finance this through debt they would have needed all the existing contracts fully operational and/or additional signed contracts. They have pushed ahead with financing cell 2 preemptively because the new OEMs are far faster moving.

[bones] 20/1/2021 08:05

Picked up another 15k at 55p. Seemed rude not to.

Amt, you would do worse than buy some yourself at 55p rather than keep banging your head about those you are not being allowed to pick up at 50p. It’s a hardball game in AIM so you have to be wily in this jungle! If you think it’s a bargain at 50p........

[albert_einstein] 20/1/2021 08:01

I fully understand the rationale behind the need for more capacity but didn't they suggest that future fundraisings would be done through other means than dilutive share placings? Or is the amount being raised just too much to avoid this?

[bones] 20/1/2021 07:57

Indeed, Longshanks!

[amt] 20/1/2021 07:54

70p today?
Come on SCE let the poor private investors get a decent chunk of the new shares. We supported you at the previous placing at 16p.

[longshanks] 20/1/2021 07:51

Too true Bones. Indeed I suspect they are already planning OEM cells 3, 4 and 5 and even an entirely new factory."Indeed, the prospective contract pipeline has the potential to exceed the entire production capacity of Knowsley by 2025"

[amt] 20/1/2021 07:50

So they are also saying is the current pipeline has the potential to exceed the 75m annual revenue capacity of the Knowsley plant by 2025. The pipeline could grow considerably. The market size is several billion per annum.
75 million implies about 40m GP and perhaps 30m plus ebitda possible in just 4 years time.
I am still thinking potential ten bagger from here.
Future funding would be at much higher market caps so dilutions would become insignificant.
Very exciting.