Surface Transforms Share Discussion Threads

[lfc4ever] 19/10/2022 12:50

is there a link to a recording of the zoom presentation?

[goldman] 19/10/2022 10:56

There’s been mention of there being little to be gained by buying in the open offer as opposed to buying in the market at the same or similar price. I have to agree with that but I put money into my grandchildren’s SIP’s and bought into the open offer that way, entitlements plus a few extra so with the governments 20% top up it feels like a good discount to me.

Of course anyone can do that, offer or no offer but it seemed like a good enough excuse to buy a few more shares.

Long term I’m convinced theses will produce excellent benefits for the children. I hope others have done the same even though it does tie those funds up.

[pinkfoot2] 19/10/2022 09:59

As the line in Arab Strap’s song says’ I don’t give a …. about the past.

This is now about execution-plenty of cash, got all the production kit, it works, and the product is superior to the rest of the market.

[supernumerary] 19/10/2022 09:18

Bagpuss - as you say the difference after dealing costs was trivial (to non-existent), but the main difference is that in the OO the cash goes to the company, not to another trader.

I'm quite a fan of OOs, the problem was the price, not the making them available to (sm)all investors.

[geko5trade] 19/10/2022 08:56

Take another look at the chart just prior to the announcement. It looked as though it would break to the upside but something was weighing on it. Followed by a correction to the offer price. As Pinkfoot says if they get to execute the plan it will make little difference.

[geko5trade] 19/10/2022 08:51

albert einstein, it was a hefty discount and was clearly weighing on the price. Most of what they've done this year has been exceptional so I still think it is a buy. However the price of the fundraising was disappointing so I don't think one should sugar coat it.

[pinkfoot2] 19/10/2022 08:33

Never been a fan of open offers but I get the rationale-time to execute the plan

[bagpuss67] 19/10/2022 07:57

Not now. When the offer was announced. Anyway not much in it after costs. Onwards and upwards for SCE. Looking forward to tbe next order and the continued progress with the manufacturing base..

[albert_einstein] 19/10/2022 07:36

Why should you get quite a lot at sub 40p? In this market a 66% take-up is not to be sniffed at, especially with no real discount to the prevailing market price.

[bagpuss67] 19/10/2022 07:19

Not sure hone many you wanted but you could get quite a lot at sub 40p after the placing and OO was announced.

[toffeeman] 19/10/2022 07:13

So we got everything we applied for - unusual and hope it doesn't mean we could have bought below 40......

[cheese666] 18/10/2022 15:36

Agree about their business model being challenged. For me, this is a significant gap in our offering plugged and there's not much Brembo can do about it...hopefully.

[pinkfoot2] 18/10/2022 15:13

I just can’t see Brembo sitting back here-their business model is under threat

[cheese666] 18/10/2022 15:11

Same as Pinkfoot for me - allocation and additional requested.

Cash generative soon, factory expansion funded, repeat OEM orders, the new brake system integration and specification project and another contract award imminent just for starters.

This could well be the inflection point.

[pinkfoot2] 18/10/2022 14:29

I took my allocation and some in the Placing itself-cheap as chips and I’m in for £3

[toffeeman] 18/10/2022 14:12

Of course it will be oversubscribed - Pinkfoot alone would have pushed it over.

[knownowt] 18/10/2022 11:40

Points well made, Bomber!

[bomber13] 18/10/2022 10:38

Tomorrow is not only the day of the general meeting to rubberstamp the fundraising , but also the deadline for announcing details of the open offer including excess entitlements .

Given that the shareprice has held consistently above the 40p offer price , it would be a surprise if the company did not raise all of the £3m required in the open offer .

With funding potentially in place for all of Factory 1 and most of Factory 2 , the OEM's will surely feel more confident in SCE's capacity to fulfil any pending or future orders , which hints at there being a very reasonable chance of the order book accelerating from here .

Meanwhile , we await the promise of an extra new order by calendar year end with a current order book just under twice the new pro-forma market capitalisation , and a prospective pipeline twice that again .

[rivaldo] 11/10/2022 22:27

Good to see ST's discs available for Ferrari (especially considering that's Brembo's home turf!):





"Considered experts in the development and production of carbon-ceramic materials and the UK’s only manufacturer of carbon-ceramic brakes for automotive use. ST utilises its proprietary next-generation carbon-ceramic material known as CCST, to create lightweight brake discs for high-performance applications. Including Porsche, Mclaren, Ferrari, Lamborghini, Aston Martin and Koenigsegg"

[guitarsolo] 10/10/2022 16:25

I fear the "Kwarteng" might have too many connotations with putting things into reverse, or blowing them up, to be a suitable name for a car part.

[toffeeman] 10/10/2022 13:49

What about "Kwarteng" - brings you to a stop quicker than any other brake

[pinkfoot2] 10/10/2022 13:38

I would suggest surftran might get you into a bit of bother with the other half matey

[supernumerary] 10/10/2022 13:07

I'm not talking about selling, but marketing, which is different. That Dyatom may be said to have failed, does not belie the power of the Brembo name.

I'm sure there are car buyers who, having been told they're getting carbon ceramic brakes, will assume they're getting Brembos, and what's more will think that's a good thing. Education is needed.

[longshanks] 10/10/2022 12:11

The company has a dedicated sales team to support aftermarket sales and if you check you will find they have had growing success in developing this market and exceeded expectations at the interims by covering the shortfall from the delayed start to OEM sales.I can assure you that they still prize this route to market. To my mind, the brand strength of CCST is developing well enough and doesn't need any fancy name.Dyatom may sound good to some, but it's lack of sales traction to date is despite the immense might of the Brembo marketing machine.

[supernumerary] 10/10/2022 12:09

Well I started with SurfCar™ but decided it was too limiting :¬)

Always open to offers...