Surface Transforms Share Discussion Threads

[geko5trade] 31/7/2023 15:59

Yes good point.

[balcony] 31/7/2023 15:19

Lets not forget its only a few days since directors spent £300K on shares.so as I think bones said no material news in todays update.

[geko5trade] 31/7/2023 14:53

cheese666, re your post 7732 and your comment 'Positive news and orders are still needed to change momentum.'
Looking at the chart there has clearly already been a very substantial momentum shift to the positive. So much so that the stock is well into overbought territory. So far, although there may be some technical pullback, I'd hope that today's announcement doesn't contain enough negatives to break that positive momentum.

[cheese666] 31/7/2023 14:43

bones - I agree. They are always accurate with contract wording.

[bones] 31/7/2023 14:22

”The Company is continuing its work with customers on converting its prospective contact pipeline into firm orders with further announcements expected in the current financial year.”

The use of the plural suggests some kind of conviction that at least one will turn up……

[cheese666] 31/7/2023 13:37

The problem with the higher spend and resultant cash position, is that it raises a new raft of questions and concerns for investors (such as will there be a raise, money borrowed etc). Like it or not, the share price has been affected by this and I'd imagine, we'll resume the slow downtrend to high 20's / low 30p share price again.

It's inevitable that these issues will happen, and the board cannot be expected to anticipate every conceivable issue that may or may not arise as production increases and I have sympathy for the negative cycle they're in.

This cash issue could have been more precisely raised before (at the same time as
the other bad news) so a line could have been drawn under all the issues together.
I don't know if this 1 million is a sign of good or bad management but it's not a big figure in the scheme of things and didn't need to be a problem in and of itself).

The fresh senior management team is needed and I wish them well.

Positive news and orders are still needed to change momentum.

[geko5trade] 31/7/2023 13:26

Ok that’s as close to a comprehensive answer on the furnace issue/s. In essence similar to my thinking imo.

[fillspectre] 31/7/2023 13:03

I agree with Pinkfoot2 I would prefer to concentrate on production successes and issues but out of interest what is the revised expected cash position for end of 2023 given the RNS reports it may be a million down on the previous figure. Regards furnaces. As KJ has said on more than one occasion - furnace manufacturers specialise in making furnaces for all customers - process issues specific to ST are ST's issues to resolve. There is an interface / crossover between the two that needs to be managed by clear communication particularly at the specification stage. Fils

[longshanks] 31/7/2023 10:15

Thanks Balcony. Correct, I was just replying to my earlier post about the change in description

[pinkfoot2] 31/7/2023 10:15

Sp now seems to agree that commonsense prevails

[geko5trade] 31/7/2023 10:06

Davwal post 7726,
I wondered that too. Is it perhaps because a furnace is adapted for a process that is effectively new and could not have been tested by the furnace manufacturer before? For example is a substance given off during the heating process that reacted chemically with the wall of the furnace. I’ve no idea of the chemistry of the process. So is it a case of the furnace manufacturer saying this is what we have but you will have to test it at your risk on your unique product? I imagine someone on here may know.

[supernumerary] 31/7/2023 09:37

balcony - ah, OK, thanks. Question remains...

[pugugly] 31/7/2023 09:02

INSTITUTIONAL CASH SERIES PLC BLACKROCK ICS STG LQDTY AGY GBP DIS PAYING 4.573% ON AN ANNUAL BASIS Payable monthly

- So that is a minimum they should be getting on surplus cash - Daily liquidity. Ought to be able to get far more.

[amt] 31/7/2023 09:02

I think we can relax. I particularly like the bit about ongoing discussions for more contracts. I thought they had more than enough to deal with.
If worse comes to the worst and in 6 months they need say £5 million, they would have minimal dilution. By then the share price should be flying anyway.
There are some bargain shares around.
Very excited about Bango by the way.

[balcony] 31/7/2023 08:57

I think LS is referring to post 7714.

[supernumerary] 31/7/2023 08:52

ls - forgive me, but that's manifestly untrue - with the amount of cash they've been holding they should have received and be receiving meaningful amounts of interest. Particularly given their 'prudent' cash management.

[pinkfoot2] 31/7/2023 08:44

I read it as positive-focus on execution even though for some on here it’s ‘boring’

[mr macgregor] 31/7/2023 08:40

I don’t like the cash position. Any more unforeseen problems and the hat will be round again.

[longshanks] 31/7/2023 08:37

I asked, and have been told it is nothing.

[supernumerary] 31/7/2023 08:23

There's bound to be a concern about whether the cash will see them through.

Does anyone know why they have negative cash interest? And cash tax? Seems a bit odd given events over the last year or so, but I'm not an accountant.

[pugugly] 31/7/2023 08:19

Wide spread - maybe just timeline uncertainty - or risk worries about Murphy!! Not out of the woods yet.

[amt] 31/7/2023 08:10

Bizarre market reaction.

[nchanning] 31/7/2023 08:05

Production going to plan all that's really needed . Clearly cash is going to be a bit tight but hopefully as the company should be profitable for H2 and beyond they couldget a small RCF

[longshanks] 31/7/2023 08:02

Interesting change of description of the business.Until today it has been: "Surface Transforms (AIM:SCE) manufacturers of carbon fibre reinforced ceramic automotive brake discs"But now we have: "Surface Transforms (AIM:SCE), manufacturer of carbon fibre reinforced ceramic brake disc materials"It may be nothing

[davwal] 31/7/2023 07:51

I don't understand how a contract to buy and install furnaces then requires the client to pay shedloads more to make them actually work properly.