Surface Transforms Share Discussion Threads

[hiddendepths] 02/9/2021 08:56

Looks as though the ongoing seller is pressing on regardless. I'm sure many of the recent "sell" orders are buys below the mid price.

Toying with the idea of topping up while stocks last! Buying when there's a seller about is usually a winning tactic as the shares tend to be artificially depressed, then rebound.

[charlie9038] 02/9/2021 08:39

Fills I was thinking the same, must be due soon.

[fillspectre] 02/9/2021 08:12

How soon before we get a second carryover contract following successful delivery on a first contract this Autumn / Winter for a highly specialised supercar? Long term holders know who I am referring to. Fils

[longshanks] 02/9/2021 08:07

The other interesting aspect of this is the nature of the decision making process. It would appear they have a very proactive relationship with their furnace manufacturer. There is execution risk, but I am confident that much of it has been mitigated by building a strong and experienced team that has learned much in the construction and commissioning of the first cell.

[lfc4ever] 02/9/2021 07:48

There is still execution risk in the actual expansion, but everything the company has said/ done recently serves to increase confidence.Hopefully this will cause a push to previous highs.

[graham1ty] 02/9/2021 07:40

FinnCap unchanged. DCF at 9% discount rate valuation 69p.

Valuation at 7% discount rate is 100p.

As the company derisks, the discount rate can only come down. One of the risks must have been on capex, that everything would take longer, and cost more, than expected.

But SCE keep moving the goal posts the other way: capacity from the plant goes up, capital cost goes down

[graham1ty] 02/9/2021 07:28

Zeus new research has target price up to 85p

[bloomberg2] 02/9/2021 07:23

Looks very good to me ! Should see a nice pop today

[spookies] 02/9/2021 07:23

All comming together nicely.

[pinkfoot2] 02/9/2021 07:22

It will certainly impact on their DCF valuations.Also clear they are telling the market their capacity concerns are falling away

[longshanks] 02/9/2021 07:22

165,000 disks p.a. by 2026 has been the ongoing expected sales. The news on optimising capacity and reducing capex would indicate that production capacity is on track to meet demand.

[graham1ty] 02/9/2021 07:20

Double dose of good news.

New contract from OEM5, so the first major “carry over” contract.

Secondly, large savings by working with the furnace suppliers, so total capex required for full capacity falls from £50m to £40m. Should help the DCF. I wonder if the brokers will up their target prices today ?

[amt] 02/9/2021 07:18

So does that mean they expect 75m per annum turnover by 2024.
That seems years of what we thought before.

[pinkfoot2] 02/9/2021 07:07

Good timing reading the RNS today

[capt bligh] 01/9/2021 16:12

I topped up today too

[fillspectre] 01/9/2021 15:37

Welcome back aboard hiddendepths. I think you could well be right with regards picking out a sweet spot.
On another note John Rosier gave Surface Transforms a mention in last week's IC - referencing the July update. Sadly his article must have pre-dated the August contract award announcement because it wasn't mentioned - I am sure his next write up will give it some space! Fils

[bloomberg2] 01/9/2021 15:36

Welcome aboard

[quemaster] 01/9/2021 15:14

Hopefully the OEM10 announcement is the first of many for 2024 SOP, the slides on page 12 and 13 of the January presentation shows a prospective contract pipeline of 6 new models for 2024 and 2 carry over models from OEM5.

[hiddendepths] 01/9/2021 11:43

I was surprised that OEM10 didn't lead to a significant rerating. I've been watching for a few months, having been a holder a few years back but leaving due to impatience!

Decided to take the plunge today. I think the company is at the sweet spot right now as it seems to be achieving the critical mass where contract wins may well lead to more contract wins. 19th September should make for an interesting read.

Anyway, I'm a LTI and ain't going noplace!

[fillspectre] 26/8/2021 17:38

Looks like we have been on a positive trend since mid-July. September next week. Business activity should increase. The possibility of another contract announcement gets increasingly likely. I am feeling very positive myself. Fils.

[pinkfoot2] 26/8/2021 16:45

There is definitely a decent buyer.

I expect more news in next month or so

[fillspectre] 26/8/2021 12:54

Brightside - substantial chunk changed hands at 65p. Fils

[toffeeman] 26/8/2021 08:56

roll over?