Surface Transforms Share Discussion Threads

[pinkfoot2] 03/3/2021 14:04

The deferred tax asset just grew 30pc!

[bones] 03/3/2021 13:50

Even more tax losses to carry forward 😁

Have ST ever made a profit or paid corp tax? That’s all for their lucrative future I should think. CT rate will be higher though (going up to 25% from 2023). ST’s tax losses carried forward are likely to be big though!

[gripfit] 03/3/2021 13:23

should be eligable for a rebate here

[longshanks] 03/3/2021 13:14

Correct me if I'm wrong, but the new *super deduction* on business investment announced in today's budget is well timed for the ST capex plans.

[pinkfoot2] 03/3/2021 10:58

I checked the EIS tax rules with an expert-it’s definitely FIFO if that helps

[davidlloyd] 03/3/2021 10:57

Looking very strong here.
DL

[montynj] 02/3/2021 09:44

A good place to buy now on the chart

[fillspectre] 01/3/2021 23:03

Hi board - I am after a little advice. I still have some ST shares outside an effective tax wrapper. Eight purchases stretching back all currently showing as a single holding by my nominee - with an average price based on the cumulative cost.
Four are trades, Four are pari passu issues following fund raises. Three of the pari passu issues have EIS status - the final one being the latest 50p shares (non EIS). They are interspersed the sequence goes oldest to latest - trade, issue, trade , trade, issue, trade, issue , issue.
Do I need to separate the EIS shares from the remainder - and have the remainder as a section 104 holding for CGT purposes?
If I sell to make use of current CGT allowance can I choose to sell the section 104 holding first?
With the EIS shares - two are past the three year holding mark - the final one requires me to hold the shares to 20th May 2023 to retain CGT relief. Of the EIS shares my understanding from Timbo is that it is a last in last out basis.
Don't worry guys I am not reducing my position in ST. This is just some housekeeping.
Regards Fils.

[rivaldo] 28/2/2021 14:20

Good idea longshanks. It's certainly polarcapital.co.uk, so perhaps try [e-mail] or [e-mail] and see what happens!

[longshanks] 28/2/2021 11:03

I saw that article too Riv and have written to the columnist: highlighting the fact that ST recently beat Brembo in a competitive tender on all points.The issue for FMs is that Brembo is a diversified global manufacturer whilst ST is still tiny and as such still represents a high risk/high reward play rather than a play on macro economic trends.I would write to Ben Rogoff too, but I don't have his contact details.

[supernumerary] 28/2/2021 10:31

For a fund manager, the optimum approach is probably a large stake in Brembo, and a small one in sce, adjusting as the situation develops.

[amt] 28/2/2021 08:44

Brembo has a market cap of over 3 billion. 22 x greater than SCE which gives an indication of the potential for SCE.
There is no reason why Brembo shouldn't do well aswell as SCE. There is an enormous new market opening up for both companies.

[bones] 27/2/2021 12:30

He’s not much of an investor if he hasn’t weighed up Brembo’s competition, or is it that he regards their monopolistic position a good enough factor not to look further?

[rivaldo] 27/2/2021 11:03

The Activist Investor column in today's Times talks about how to invest in electric vehicles and their supply chain, and states the following - hopefully Ben Rogoff will soon get to know about SCE if he hasn't already seeing as SCE's brakes are supposedly so superior to Brembo's:



"One unique feature of electric vehicles is that they are heavy due to the weight of the battery, which increases braking distance. The Polar Capital Automation and Artificial Intelligence fund — which Rogoff co-manages — holds Brembo, an Italian manufacturer of brakes for high-performance cars. Rogoff said: “The best brake manufacturers will be crucial.”

[rivaldo] 25/2/2021 13:28

Excellent find - that's a resounding thumps up for SCE's brakes.

There's a useful transcript of the interview from the other day with the Zeus Capital analyst here:

[jerarnie1] 25/2/2021 09:54

Couldn’t have put it better :-)

hxxps://www.r8talk.com/threads/the-best-brake-rotors-on-the-planet-period.172826/#post-1584800

[pinkfoot2] 25/2/2021 08:10

The AML numbers look sensible and in line-hopefully they are turning the corner

[graham1ty] 25/2/2021 07:49

From the Aston Martin results today:

· “Aston Martin Valkyrie on track for H2 2021 deliveries and expansion of the Aston Martin Valkyrie portfolio from Q4.”

This might give a little more follow on business

[amt] 24/2/2021 20:05

If they get tp £22m net profit the share price could be over £2

[rivaldo] 24/2/2021 09:23

Indeed - to be precise he states between 25%-30% net margins, and at capacity 100,000 discs per year/£75m revenues he forecasts around £22m net profit per annum.

Just to add, today's RNS shows imo the probity and trustworthiness of SCE's management. Not many - if any - RNS's go into such detail as to the thought process behind awarding share options, particularly when the options involved are really immaterial in overall terms.

[longshanks] 24/2/2021 08:10

Thanks Jerarnie1.The comment is understandably cautious and implies that brokers like Zeus are being approached by investors: a year of transition indeed.Some interesting analysis including a note that net margins of approx 25% are expected when operating at full capacity.

[jerarnie1] 24/2/2021 07:33

New interview with Zeus Capital Research analyst focusing on capitalInvestment programmehttps://www.directorstalkinterviews.com/surface-transforms-about-to-embark-on-an-exciting-phase-of-investment-and-growth-analyst-interview/412963297

[supernumerary] 23/2/2021 18:21

I'd sooner see them on the new Ioniqs, which are being moved up-market.

[fillspectre] 23/2/2021 15:32

Rivaldo - I know the Lucid Air will be a high performance car and will aim to outperform Tesla metrics. To achieve their goal Lucid might just need the help of the best of the best brake discs. We know EVs are ideal candidates for ceramic carbon brake adoption. I guess it is a case of watch this space. Lucid production ramping up very much from Q2 2021 to 2022. Fils