Surface Transforms Share Discussion Threads

[bagpuss67] 27/9/2023 07:32

Bones the issues delaying revenue have been resolved. The company has a huge order book. How many of your early stage investments can say that.

[bones698] 27/9/2023 07:29

Bad set of results tbh I would expect to see this quite a bit lower today . Revenues slow to increase and costs and outlays very expensive . Cash running low so another fund raise is due which wil hit the price with more dilution and at a big discount .

Unfortunately turned into another jam tomorrow but never seems to get their stock

Needing cash in this market will be taken very negatively and is the immediate issue which overides any future potential for now .

[bagpuss67] 27/9/2023 07:29

Would have been good to hear when they expect to be cashflow positive. Maybe the broker updates will cover that and funding. But I was pleased to see no new issues and looking forward to progress now.

[pinkfoot2] 27/9/2023 07:16

Indeed-relief rally.I’m very positive after reading this.Platform very solid and big pipeline

Look at the GM at 60pc-to die for in the automotive sector.I’m buying more

[jerarnie1] 27/9/2023 07:13

Steady as she goes - good enough for me

[pinkfoot2] 27/9/2023 07:11

I’m relaxed

[quazie12] 26/9/2023 23:44

Tbh as a long twem holder of 3+ years I am on the verge of selling up and moving on. This company have been on the verge too long and sentiment is clearly against them. Clearly rode the IHTBusiness Relief trend but there is nothing in the last 6 months that gives me the conviction to hold. There are better opportunities elsewhere

[supernumerary] 26/9/2023 14:06

I can vaguely see that customers might have wanted their names hidden when they were still in the evaluation stages, and didn't want to upset existing relationships with other suppliers, but those times are long gone. Nowadays I have no doubt everybody in the industry knows exactly what orders have been placed, and knows equally well what new contracts are currently out for discussion and tender.

It's obvious for example that neither Lucid nor Tesla give a damn about ST claiming them as a customer, and I'd be very surprised if any of the other companies in the OEM list cared either. ST need to go back to them all and point out that this anonymity is hurting their business, and needs to stop. What has anybody got to lose from that? It really ought to be the start of serious co-marketing efforts, from which we'd all benefit.

[fillspectre] 26/9/2023 12:54

I was hoping that following the AGM the NEDs would increase their involvement further and become more proactive. We don't know yet whether that has happened. It would be much better though if the website reflected the management changes that occurred on the 4th September. Fils

[fevertreeman] 26/9/2023 12:46

Or for that matter feel it is a sensible approach not to explicitly say who their customers are which would certainly give them much-needed profile and visibility. Seems daft to me given they operate as a duopoly with Brembo....lets hope that the strengthened management team and the new-ish NEDs can start to have a positive influence on progress at the company.

[supernumerary] 26/9/2023 11:29

I'm unsurprised the website isn't up-to-date. I'd be more surprised to find it was, and utterly astonished to discover they had so much as an intern running their social media efforts. Deathly silence on that front. How can they accept that there are owners of their discs who think they've got Brembos and are happy to say that on public forums? Baffling.

Ref directors buying, I note they also bought at 40p, so their record of price prediction is far from impeccable.

[fevertreeman] 26/9/2023 11:02

With NEDs buying, a new CFO/COO, and supposedly furnace issues behind them, hard to see what's unsettling the share price Bundred and Johnson's positions will look extremely vulnerable if (once again) they disappoint.

By the way, they still havent updated the website for the arrival of the new Cfo AND coo......

[fevertreeman] 26/9/2023 10:56

With NEDs buying, a new CFO/COO, and supposedly furnace issues behind them, hard to see what's unsettling the share price Bundred and Johnson's positions will look extremely vulnerable if (once again) they disappoint.

[quemaster] 26/9/2023 10:51

Just bought some at 28.7p showing as a sell, i think tomorrows results will show that we don't need anymore cash and we are trading profitably.

[geko5trade] 26/9/2023 10:28

Supernumerary, posts crossed my comment referenced hamidahamida re the probability of a cash call. As you say difficult to believe everything’s rosy but what...?

[supernumerary] 26/9/2023 10:24

Underwhelming is expected - after previous events I was merely looking for something to steady the ship, not fire up the engines - but it doesn't even look like that. It's been a steady fall for close on 3 years now - time for a change at the top?

[geko5trade] 26/9/2023 10:20

Don’t know about that but I’m guessing results have leaked and contain underwhelming news. It’s been a leaky company in the past. To be fair just as likely the leak is somewhere in the chain after the statements have been drafted but ...all speculation on my part but I haven’t been surprised on the upside for what seems like a very long time!

[supernumerary] 26/9/2023 10:19

It's hard not to fear something else has gone wrong :¬( But what? Faulty furnaces, lost/delayed order, or simply no cash?

[hamidahamida] 26/9/2023 10:14

The way this company has disappointed on execution and it's own market forecasts is unbelievable, cash is running dangerously low bearing in mind the poor execution so far I'm fully expecting a cash call

[regandharry5] 26/9/2023 09:54

Knee trembling time again.

[nchanning] 26/9/2023 09:42

A little scary on the eve of results but not massive volumes going through and we did have big director buys at the end of July

[jerarnie1] 22/9/2023 15:32

https://thebrakereport.com/euro-7-impact-on-brake-pads/

[cheese666] 22/9/2023 11:26

In response to the governments change of deadline date for electric only vehicle sales to 2035 from 2030, I heard Iain Duncan-Smith talking about, in his view, what the real and main polluters from cars are. He said that nowadays the tailpipe emissions are not the problem but tyre and discs are.

This made me wonder if as part of the government moving away from electric vehicle deadline, and still committing to the 2050 net zero pledge, we will see more legislation on disc pollution.

We have to do something to counter the 2030 to 2035 change and we have to act on disc and tyre pollution so, it seems like an easy win. The obstacles could be around getting international legislation approved. If the US, China, the EU, etc aren't interested in this area then it makes it much harder to realistically get UK only legislation through and the manufactures to make the changes they would need to.

Why not have tiny carbon discs on cars over two tonnes or that pollute over a specified amount. The heavier the car, the bigger the tyres, discs and pads and the more they pollute....problem solved...