Surface Transforms Share Discussion Threads

[cheese666] 17/2/2021 09:24

I agree. I bought around £35k worth yesterday at 72p. I used to sweat over the pennies but no more.

[graham1ty] 17/2/2021 08:38

Pretty well bid again this morning. Have been bid 71.5p in pretty big size.

It is possible as funds dribble back into accounts that all those who got far less than they hoped will just buy in the market. If you believe this is a 400p stock, then who cares about paying an extra 20p now ?

[graham1ty] 17/2/2021 08:35

Longshanks, in the words of Monty Python, you are a very naughty boy

[longshanks] 16/2/2021 19:18

A German, an American and an unspecified European went into a (Knowsley) pub.

The German said: "These brakes don't belong to us: but they are just so damned good"
The American said: "Our main competitor has to wait three months to get brakes likes these for three times the price - what is not to like"
The unspecified European said: "Acqua in bocca! Teniamo per noi questi freni"

[trickydicky1] 16/2/2021 18:32

LS - could you please rename the thread “Brokers Untransformed” please?

Cheers

Now who are OEMs 10, 11 and 12?

[bagpuss67] 16/2/2021 17:51

HL cash back now.

[fillspectre] 16/2/2021 17:24

I concur with you bones. Just read Rivaldo's post 5318 of the 11th February. I must have missed it amongst the Open Offer comments. Another reason - it can be a massive distraction from more worthy subjects of conversation. Fils

[bones] 16/2/2021 16:34

If I were Surface Transforms, I would think hard about offering any excess next time! More trouble than its worth. Stick to a basic open offer.

AJ Bell credited the basic to me very quickly but I did not apply for any excess for the very reason it ties up cash for too long. Almost every placing done by any company sees the share price nearly fall back to the strike price anyway so it's better on balance to pay 5% - 10% more in the market and get all you want without tying up cash. I learned that the hard way elsewhere.

In this case, I picked up 15,000 SCE at 55p two minutes into the trading day after the placing was announced. No cash tied up apart from the cost of the shares.

[waggle] 16/2/2021 16:27

i will be very interested to hear what DB has to say...for it is unbelievable that the excess application for all holders at AJ Bell would simply no be considered in any shape or form..... ??? as previously posted i got 1 26% allocation via Charles Stanley on the day.

[toffeeman] 16/2/2021 16:16

AJ BEll said they received no stock to distribute to their shareholders because all their customers applied for the basic!

I need to email DB!

[supernumerary] 16/2/2021 15:39

Sounds almost like AJB didn't actually apply?

[timbo003] 16/2/2021 15:36

Same for me in my AJ Bell SIPP account gleach: Zero excess ☹️

Hoping for a better outcome with my application through paper share certificates

[gleach23] 16/2/2021 15:28

Have my excess funds back from AJ Bell...unfortunately all of it so seems I received zero excess shares. Hmmm.

[supernumerary] 16/2/2021 12:40

iweb claim the excess funds are held by the registrar, not them, and will be returned to my account just as soon as they're refunded. 'Up to 10 working days'...

[pinkfoot2] 16/2/2021 11:22

I hear you and agree-Thats why I don’t use cheapo dealing houses, particularly with illiquid stuff.

I doubt they are sitting on your money deliberately-99.9pc sure it’s down to poor systems and admin

[geko5trade] 16/2/2021 09:19

pinkfoot2, fair enough though at the risk of irritating you further I would say I don't blame SCE for the scale back though it doesn't appear to be even handed. The fact that the share price is so far above the placing is testimony to the underlying strength of the stock and management.
I would say I absolutely don't accept that brokers should find themselves overwhelmed. It demonstrates that they learned sweet FA from the dotcom boom and with so many currently unemployed train some of them up and stick them on the phones. Many execution only brokers actually have quite low levels of expertise at the end of the phone and they have to relay to their own dealers who then go to the market. They are cheap, yes, but inefficient. My final point is these days there is absolutely no excuse for holding any excess funds more than a couple of hours at most. It's like watching the Flintstones at work but less amusing!

[albert_einstein] 16/2/2021 08:47

Ok, so when are we expecting the next big news.....weeks, months?

[gleach23] 16/2/2021 07:58

An apology and £50 goodwill gesture?? That's interesting bones...perhaps you should give me a lesson in lodging complaints :) I was so piqued by their lack of engagement I went to the ombudsman but that didn't get me very far.

Anyway apologies for OT - my last word on matter...

[bones] 16/2/2021 07:10

In defence of AJ Bell, I have used them for years now (four different accounts held there, one of them since Sippdeal days) and cannot say I have experienced too many frustrations. The one time I did lodge a complaint (over a US dollar dividend that took about three months to be credited, supposedly because it was received by them as a US cheque) was resolved with an apology and a goodwill gesture of £50.

I definitely think current issues at the big brokers are symptomatic of market euphoria when systems are overwhelmed by sheer volume of small sized and regular trading by newer accounts. It reminds me of the half hour or more waits that became a feature of late 1999 and early 2000 when even respected brokers like Charles Stanley could not cope with the volume of telephone calls (the way we had to buy and sell via landlines in them far off days!).

Personal experience obviously but I feel duty bound to defend AJ Bell. I’ve heard some horror stories about HL and Halifax in particular and cannot compare those with my own at AJ Bell.

[supernumerary] 15/2/2021 22:23

gl - I should also add a word in praise of Eqi. Of all the brokers I've ever used, they are literally the only one that's responded to a complaint with an admission of guilt and an immediate resolution of the problem. That's of at least half a dozen complaints to 3 or 4 brokers, plus many more that I couldn't be bothered with because prior experience meant that I knew all too well what the response would be.

I have my doubts about whether they always get the best price, but for service they're the best of my current and past brokers.

[joeboy2203] 15/2/2021 20:58

I'm still waiting for my money with Fidelity too. I think it's the same with them all.

[gleach23] 15/2/2021 20:15

AJ Bell seem to be hopeless administratively. I had my excess shares with Equiniti last Wednesday but as you say nothing from AJ Bell. They don't even respond to polite email enquiries.

I've had a similar issue previously with payment of foreign dividends - Equiniti would credit my account in one week and AJ Bell would take 10 weeks whilst constantly explaining how hard they were working to resolve bottlenecks and blaming banks.