Surface Transforms Share Discussion Threads

[regandharry5] 22/9/2023 10:41

Agree, wouldn't like to think next week that those sellers made a shrewd move as they only worth 25p next week.

[ps56] 22/9/2023 10:30

A bit disconcerting to see lumps of sells going through at 30p over the past number of days. Hopefully this time next week it will be a different story. In the meantime, I will hide in the safety of pinkfoot's confidence!!

[fevertreeman] 15/9/2023 10:00

Let's hope so; we are actually due some good news for once that actually boosts confidence and propels the valuation forward.

[pinkfoot2] 15/9/2023 09:35

I’m confident

[balcony] 15/9/2023 08:13

We will know more on the 27th with the results.

[albert_einstein] 15/9/2023 08:05

Had a fundraiding been in the offing then surely the directors would not have been able to purchase shares fairly recently.

Unless of course in the unlikely event that they are about to land some unexpectedly large contract or series of contracts that requires another factory in europe or the US.

[supernumerary] 15/9/2023 07:45

Surely they should have been able to borrow last time given that they were supposed to have a confirmed order from what is by some measures the largest car company in the world? But they chose not to...

[amt] 15/9/2023 07:08

If they need funds to finance a further rapid expansion they should be able to borrow. It would be madness to have a placement at these prices.

[fevertreeman] 14/9/2023 16:59

Let's hope the CFO behaves sensibly and doesn't decide to totally trash the share price with a fund raise. Is the share price signalling lack of interest or lack of confidence? Hard to tell but 367,000 traded so s/o is taking a view.

[fillspectre] 14/9/2023 12:34

I predicted a drift downwards until we got some firm news in September - but I don't like where this drift is taking us now. Please don't let 2023 be a year we just go backwards. We need Q3 revenues markedly higher than Q2's. Fils.

[fevertreeman] 14/9/2023 11:25

Escape velocity seems absent. Stuck in a range that means one can sell at c 36-38p and buy back c 28-30p. Unless, and until, we have firm evidence that Bundred Johnson and the new management have a firm grip on the business, and that more orders are on the way, we could be stuck here for a while.....

[ps56] 14/9/2023 10:22

Well, there's an encouraging start to the day!

[supernumerary] 11/9/2023 19:49

clickable link with less gunge:



Seems it's commenced.

So are we now allowed to say Tesla and Lucid?

EDIT: I wonder what sce sells them for...

[quemaster] 11/9/2023 18:03

There was an RNS on 30th August 2022 that may relate to Lucid, it was for £13m over 5 years but wasn't due to commence until early 2024

[toffeeman] 11/9/2023 17:32

I have seen an ST disc on a Lucid ad

hxxps://www.ebay.co.uk/itm/374833687501?chn=ps&norover=1&mkevt=1&mkrid=710-134428-41853-0&mkcid=2&mkscid=101&itemid=374833687501&targetid=1281261556024&device=c&mktype=pla&googleloc=9045340&poi=&campaignid=9445986154&mkgroupid=123206630552&rlsatarget=pla-1281261556024&abcId=578896&merchantid=115189363&gclid=EAIaIQobChMIkpe2-J6ggQMVFPHtCh2Q9A5-EAQYAiABEgJ0XfD_BwE

Is there a contract?

[supernumerary] 11/9/2023 13:49

Needs quite some stopping if the driver suddenly spots an ied on the road up ahead...

[norbert colon] 11/9/2023 12:27

Up to 3900kg

[supernumerary] 11/9/2023 12:18

These guys need ceramics - I wonder how much those HMMWVs weigh?

[amaniitaangelicus] 08/9/2023 12:40

Deputy Dawg PMSL

[amanitaangelicus] 08/9/2023 08:44

It's a dawg ...

[cheese666] 05/9/2023 12:17

If you look from an investment perspective it's undeniable that it's performed poorly over many years.

If you look from a company development perspective their performance is extremely good.

Both are true.

[kilgallp] 05/9/2023 11:52

Quemaster, appreciate and understand your response, but remain unconvinced. As I said, I've been in and out over the years, and each time I thought things were about to change for the better, some bad news has dropped. That said, I hope you're right!

[graham1ty] 05/9/2023 11:42

Just a month ago, the Board bought 900,000 at 32.2p.

They have confidence

[goldman] 05/9/2023 09:13

Well said quemaster, I couldn’t have said it better myself.

[quemaster] 04/9/2023 23:38

Hi Kilgalip, my first purchase was around the 50p mark, the share price quickly plummeted to 10p then drifted to 6p over the next few years so your timing is definitely not the worst in SCE history.
My first purchase was about 20 years ago and there have been many since then above and below today's price, I'm in profit (just) but would of done better putting the money into a interest paying account. You could probably rightly accuse me of being emotionally invested in the company as they are a big proportion of my portfolio but this is why I think the management are great.

The price you paid reflected the progress made with customers and production facility. At the time we had viability of £20m capacity in 2023, OEM8 then massively increased the size of their order for existing model brake upgrade kits to the point where 2023 capacity was full. Just at the time ST started ramping up production the new energy efficient furnaces that they were forced into using due to ESG and gas prices broke down. They were given lead times of 12 months for specialist materials needed to engineer a new solution but managed to sort out the problem in about four months. This was due to the relationship they have with their own staff and OEM8 who sent engineers to help. OEM8 for now are our major customer but OEM10 and OEM5 will soon be joining them.

Before the new production facility opened OEM5 were flying over from Germany to advise ST on the path from R&D to large scale production eventually conducting their own certification of the facility. OEM10 wanted ST to build their second factory near them in the USA. The relationships with the OEMs are not only strong but they also seem to be part of the journey

The management have taken us form an R&D company to one with contracted orders of £290m and prospective orders of £393m, this gives a total of £683m. Divide this by model lifetime of 5 years = £137m PA turnover in about four years time without anymore contract wins.

With all the things that management have had to deal with recently from Covid, furnace issues, supply chains, ESG, energy prices etc I think they have done well to get production back online with a solution that may outlast original specification, capacity expansion on track and not one cancelled contract.