Surface Transforms Share Discussion Threads

[cheese666] 05/8/2022 18:32

I've been reading about the Tungsten Carbide coating applied to a number of OEM vehicles recently. It's a coating applied to keep the discs in better looking condition primarily. I wondered if this was at all related to the 'salt' testing we undertook for them?

[fillspectre] 05/8/2022 17:27

Well that is a nice lump that has exchanged hands at 47p - 715K shares. Fils

[waggle] 05/8/2022 16:43

undoubtedly a cross at mid market

[fillspectre] 05/8/2022 16:34

What are the two large trades today at 12:39 both at 47p? Fils

[amt] 29/7/2022 03:09

Interesting, May I ask how much they cost ?

[rivaldo] 28/7/2022 11:26

Good news for Porsche drivers from SCE yesterday:



"992 GT3 Surface Transforms First Production Run

Good news out of Liverpool! I was contacted by ST this morning and the 992 GT3 hat designs have been finalized and the kits are finally going into production. I have been given priority on the first batch runs from ST, so if you want them I have a very good chance of getting you these faster than most other vendors.

The PCCB "Replacement" Kits (for those who have OE PCCB) are currently 4 weeks out. (410x36 & 400x32mm)
The Iron "Upgrade" Kits (for those who have OE Iron brakes) are currently 8 weeks out. (410x36 & 400x32mm)

ST rotors typically weigh 14 to 14.6 lbs each. The new 992 GT3 408mm iron discs weigh ~26 lbs. The rear 380 discs weigh ~23 lbs. If you equip ST Rotors you can expect to save nearly 40lbs of unsprung rotating mass over your iron brakes. STs are also normally lighter than OE PCCB discs as well.

If you are sick of brake dust, are afraid of trashing your $20K+ OE PCCB discs, or simply want the best brake rotors on the market for your car, STs are the way to go.

etc"

[amt] 21/7/2022 04:59

What was that 150k transaction yesterday ?

[amt] 20/7/2022 09:30

They will regret it I am sure but probably forced sellers or portfolio rearranging.

[albert_einstein] 20/7/2022 08:43

Very annoying that there are still sellers out there.

Not sure what more the Company can do to reassure folks.

[longshanks] 14/7/2022 08:48

Yes, the site capacity has been regularly cited as being GBP 75m.I believe that they hope to squeeze a little more out of it through optimising processes and it could be that the terms of these options reflect those aspirations.Alternatively it could be that this is a start of some push to expand into additional factory space and have PDMRs appropriately aligned.Either way, the direction of travel towards not just profitability but sustained growth is clear in the vesting terms.

[amt] 13/7/2022 09:06

Well 30m turnover and about 5m implies about 38m PBT on turnover of 80m. Gross margin of 66%.
Of course overheads would be higher so say 35m.
Gives us an idea where we are heading.

Only 5m PBT on 30m turnover doesn't make sense if breakeven is ln turnover of about 12m

[mjcrockett] 13/7/2022 08:41

Isn't the capacity of the current site £75m?

[bomber13] 13/7/2022 07:46

These are interesting hurdle rates for the PDMR of our new Head of IT .

As far as I am aware , there are no current forecasts in the market beyond the Dec 2024 financial year when median expectations are for turnover of £30m and PBT of a little over £5m .

Achieving a minimum of £8m PBT and an installed capacity capable of at least £80m of turnover ( presumably at Knowsley ) somewhat raises the bar ?

[amt] 12/7/2022 10:58

It will be nice to get an order or two in the second half but I have absolutely no concerns that they will get enough orders to deal with and its important they give themselves plenty of time to build up the manufacturing plant to ensure they can fulfil these orders.

[amt] 12/7/2022 02:51

I think the execution risk is reduced because as I understand they now have 20m capacity per annum in place. If the step up to 50m got delayed say 6 months for technical issues they would still have capacity to meet requirements.
I guess the people who attended the open days are in the best position to comment on this. It would be interesting to know how automated the whole process is or if it is by today's standards labour intensive. Perhaps one day Greg Wallace will make a programme about it 😄

[fillspectre] 11/7/2022 23:29

Can't help but feel we may be in for a dry couple of months news wise. There are plenty of possibilities for news though when it comes. We should get a Q3 quarter update. I am keen to hear on progress on the new continuous furnace and also on predicted outturn revenue for H2 2022 sticking at £10 million. It would be good to get some weekly disc numbers at some stage. Not so important in my opinion (right now) but probably eliciting a greater market reaction would be award of new contracts. I still think it is execution, execution, execution and that includes execution of initiatives which help safe guard margin - which we PIs need to concern ourselves with. Fils

[amt] 11/7/2022 03:52

Thanks Waggle. How exciting. Amazed the share price is so low, especially as relatively low risk. The dream is that in ten years time that Cereamic brakes become standard in most electric cars except the budget models.

[longshanks] 08/7/2022 15:52

Thanks waggle. Appreciate your eyes and ears.

[waggle] 08/7/2022 15:35

8 of us, and yes they have started production on OEM 8, the new plant will enable production to be ramped up by a significant amount, though it will increase on the existing plant in the meantime. the other attendees i spoke with shared my views.

[longshanks] 08/7/2022 15:15

Thanks from me too waggle. What was the attendance?

[amt] 08/7/2022 15:09

Thanks for the update Waggie, I thought they were already starting production though for OEM 8 in the next days or weeks

[waggle] 08/7/2022 14:17

a very informative and interesting Capital markets day. a huge amount of work going on and many many steps for productivity gains in the future identified; hence the bullish stance on the maintenance of margins going forwards. imo completely justified. whilst i feel sure that there may be some minor teething problems commissioning the new plant at the back end of this year I came away feeling that the business has truly been transformed over the last year and has now been substantially de-risked. my congratulations and thanks to DB, Kevin and their team.
(and oem 3 was not mentioned...except in response to asking why not. the simple answer is that the ball is in their court>)

[bagpuss67] 07/7/2022 15:19

Very good toffeeman...

[balcony] 07/7/2022 12:08

Looks like someone likes what been said at open day,and spent 5K in the break.

[longshanks] 07/7/2022 10:21

Very funny Tigger (Portia)