Surface Transforms Share Discussion Threads

[rivaldo] 16/6/2021 10:13

A 1.3m trade at 63p just reported - I wonder if this represents the clearing of an overhang that's been holding the price back.

[balcony] 16/6/2021 10:13

1-3m at 63p maybe a delayed sale.

[jerarnie1] 08/6/2021 13:49

Q&A session with the board now viewablehttps://m.youtube.com/watch?dm_i=49CL%2C13467%2C6L7Q72%2C4XYA1%2C1&v=j5NMi5vAjcg&feature=youtu.be

[graham1ty] 07/6/2021 08:59

Just seen the late reported sale of 195,000 shares at 60.25p.

Someone selling out “at any price” ? Well, a good entry point for anyone who wants decent size at just over 60p, if they can get hold of that stock

[rivaldo] 06/6/2021 23:11

Hardman have posted the AGM presentation video here, with some commentary:



Extract:

"Management stated the current longer pipeline of active new contract discussions fills Knowsley capacity, which exceeds £75m pa revenue, and anticipates the existing capacity will be full by 2026 but this could come significantly sooner. Of course, within any industry and particularly so with OEMs, the timetables cannot be tied down. Management also anticipates a further contract win this year.

The product has a number of specific environmental benefits which have been outlined in the past and become increasingly relevant over time. Well over half the pipeline is electric or hybrid. Electric vehicles benefit particularly from the weight-saving benefits of carbon ceramic brake discs."

Also a nice mention for SCE in this article about the Valkyrie:

[toffeeman] 06/6/2021 22:18

So most of them

[pinkfoot2] 06/6/2021 19:08

Only those who didn’t see it coming and didn’t buy forward

[toffeeman] 05/6/2021 07:59

I thought there was a global chip shortage which was impacting vehicle manufacturers.

[cheese666] 04/6/2021 17:44

Fillspectre - I know of a couple of examples of people whose new car orders have been severely disrupted due to the manufacturer not being able to get certain parts. The delays I've heard of have impacted the options on the car more than the car not being available, although the new Land Rover I understand is seeing longer lead times (remember though, who wants a car with no options - and this is where manufacturers now make their profits).
The factors are the burning down of a key Chip manufacturer in China, the blocking of the Suez and the ongoing impact on the supply chain from that, Brexit and Covid (with Covid it's lack of people willingly returning to work which is affecting businesses now - my own included.
If the above is true you can predict an extended slow period now followed by an even more intense catch up phase which I hope is where SCE come good.
You only have to look at the increase in used car prices in the last few months to see that there's an issue somewhere. Test this yourself by using We buy any Car for a quote. If you put in anything half decent they'll be telling you within a week or two that your car is now worth more.

[fillspectre] 04/6/2021 16:44

I think we can't build up too much expectations of imminent news here. Still a lot of people and things out of position. I can see a lot of model launches experiencing some form of delays. I think we've got to expect a possible slow languid Summer. From a business excitement point of view Summer always seems to be the dullest time as quite rightly everyone prioritises other things. Come the Autumn things could get really exciting. As we swap long summer evenings for dark nights we seem to swap the pursuit of leisure with one of industry. Having said that a lot of ST's historic contract wins have been in Summer months. Fils

[rivaldo] 04/6/2021 13:40

More coverage of the SCE's new kit for the Lamborghini Huracan - must be somewhat galling for Brembo to see SCE's kit on one of the most prestige marques from their homeland :o))



As well as the availability for the various Audi models, I like this too:

"Because of the superior wear characteristics of the Surface Transforms CCST rotor when compared to steel or OEM carbon alternatives and the fact that worn CCST rotors can be refurbished, the lifetime cost savings are significant.

When taking account of the initial purchase price, a road-going track day enthusiast can expect to save up to £15,000(+) over a two-year period of average track day and road use, when compared to running steel or OEM carbon for the same duty cycle. For a race team running one car across the same two-year period, this saving could be up to £50,000(+), depending on race conditions and driving style."

[amt] 04/6/2021 08:29

So based on current orders plus what customers have indicated if I understood things correctly 2023 Turnover of 35m should give net profit of between 8 to 9m
Based on pipeline 2024 75m turnover net profit 15m to 19m although perhaps higher than that since fixed overheads (my speculation) could be 25m net profit.
A new customer or new vehicle win would increase these numbers.
Lomger term a 2billion per annum market place so this could become much larger of course.

[quemaster] 03/6/2021 23:07

Recent presentations show two models for OEM 9 in 2022 are the next potential unannounced launch, I believe one is an option and the other model a standard fit if I remember correctly. With the compressed timeline of 12 to 15 months from nomination to SOP we should hear something soon if there are no delays.

[balcony] 03/6/2021 21:33

A little company delayed the launch of there new car from 3rd to 10th june.

[bones] 03/6/2021 19:58

With the launch of OEM8’s first model with ST brakes due soon, there should be the official name reveal. That should place ST in a more prominent position with potential future investors.

From Sep 20 RNS:

”....The lifetime revenue on this specific vehicle model contract , commencing in the summer of 2021, is estimated to be approximately GBP27.5m....”

[jangaman] 03/6/2021 17:16

Thanks for sharing. I like the last sentence : Our kit also fits some of Audi’s finest performance cars, delivering the same advantages

[jerarnie1] 03/6/2021 17:00

Good to see another launch - this time for the Lamborghini Huracan https://surfacetransforms.com/news-blog/2021/6/3/surface-transforms-launches-new-carbon-ceramic-brake-disc-kit-for-lamborghini-huracan

[regandharry5] 03/6/2021 15:55

Hope to get an announcement before we drop back to the 50's.

[kilgallp] 03/6/2021 14:55

Thanks NC.

[norbert colon] 03/6/2021 14:53

Yes next week

[kilgallp] 03/6/2021 14:52

Saw the AGM presentation this morning. Anyone know if the Q&A session is available online? TIA.

[rivaldo] 03/6/2021 09:38

Very much enjoyed the Hardman presentation yesterday, and agree that the two new non-execs came across well and evidently have terrific contacts and experience which should be of great benefit to SCE.

It surprises me that anyone is selling at all at present (just seen a 25k go trhough at 64p) except if the holder has an overly large holding or is desperate for cash. It seems completely obvious to me that there are big things coming, whether in the coming days, weeks or months, especially given all the various director dealings as talked about in the presentation.

[fillspectre] 02/6/2021 12:06

Are we an ESG play? Yes says Kevin Johnson. Do we think we can claim this title? If so it is worth having? What we need is LSE's Green Economy Mark - Fils

[fillspectre] 02/6/2021 12:04

Julia came across very well. I think the pedigree of the two non-executive Directors is excellent and I trust DB's choice. Julie was alert and switched on throughout the whole meeting and contributed plenty. Matthew was CEO of JC Bamford at one stage in his career for the Bamford family. I can see them both being assets to the business. Good to see Richard Gledhill very much still part of the ST family. Most of the questions were answered in the usual business like / zero baloney style fashion we have come to expect from the ST board. Steady as she goes - new contracts will come. Fils

[longshanks] 02/6/2021 11:22

I personally don't understand the reasons for voting against resolution 5. It is a standard clause for most businesses these days that enables them to organise relatively limited financing without the added complication/delay of having to go through a GM. The only gripe I can see against it is the lack of control/say in the placing price. However the last round was at twice the share price this time last year.