Surface Transforms Share Discussion Threads

[geko5trade] 07/11/2023 11:39

Agree. And yes can’t have someone that reminds the market of blunder and bungle especially if they do both.

[fft] 07/11/2023 11:37

Super,I don't mean for SCE to approach the OEMs. What I am suggesting is what Michael O'Leary did when Boeing had a problem. He approached them and made an offer they didn't want as it cut margins to the bone, but found hard to turn down as the order book was nearly empty and they needed a stop gap order/money to keep the production lines open.SCE don't need orders, but they do need cash. And a lot of it. How much would they reduce margins to an OEM that paid upfront ? It would keep debt down, not dilute shareholders and if the company grows as forecast would be in the rear view mirror in 2-3 years.

[fft] 07/11/2023 07:58

If I was a large OEM who is already fitting them and with 100m plus orders and the probable intention to order a load more, I would be doing a Michael O'Leary (ryanair) and saying I will support/fund you, but give me say, a 20% discount on xxxm of orders (incl future orders) and a guarantee we get a minimum production number.This would secure SCE, and also give a virtually guaranteed customer for many many years to come.Probably cheaper and less prone to problems than raising money in the city.

[mr macgregor] 07/11/2023 07:53

WINE just sacked the CEO after underperforming against a recent (September) trading update. Over to the teflon twins...

[amanitaangelicus] 07/11/2023 07:39

Whens the placing? Decent placing or death spiral convis? Watcha reckon boys. I.m all ears. Needs discussing asap. The rns update writers are on their crack pipe, clearly. Pity. Company clearly has something.

[amanitaangelicus] 07/11/2023 07:35

Graph looks terminal. If you believe that this can he turned around, it.s a cracking recovery case. Let.s see how naff the bid/ offer is today and general price action. New base needs to he put it..

[swiss paul] 06/11/2023 21:12

Johnson will go before Bundred - you have to read the dynamics in the room

[amanitaangelicus] 06/11/2023 19:53

Bones , the TA stuff may well do what u say ...

[bones698] 06/11/2023 18:10

Changes at the top will slow things down going forward near term as the new bod settles in and looks into the issues and tries to address them . Talks that are going on will take longer to conclude meaning delays . I would expect some more short term pain for the share price if this happens but may be better for the longer term prospects .
It's back to the waiting game here . Just when you think it's about to take off they seem to find a way to mess up production issues ,financing etc . Definitely highlights the risks with aim shares and poor management

The chart points to some more downside maybe as low as 10p as the smas will take time.to flatten putting negative pressure on the share price Anyone looking to buy might be better waiting as ATM it is a falling knife despite what others say

[amanitaangelicus] 06/11/2023 17:31

The recent rns reads like a Carlsberg RNS going fwd. Talk about a ramp up in production to mesmeric proportions relative to where we are now. They cant even churn out low volumes of stuff never mind the big nos they.re spouting. Great they.ve got the orders. Some major manufacturing mistakes / issues that should really have been anticipated, and addressed, shows to me there is weak management here. October sales their ' saviour' ,they postulate. The capital reqs, and comment about this not being used for working capital is sane. Update however,looks overly optimistic to me. Costs will have to ramp up no doubt. Game on. All is not lost but trust needs to be restored somehow. I expect slower progress from here despite the optimism. Gonna be a long week. Falling dagger, or plummeting portcullis? Who knows. Do you hang all your trust in those Oct figs? Need more. Will buy once it settles down. Definitely had some potential here.

[pinkfoot2] 06/11/2023 14:04

Maybe the COO is on probation with an opportunity to move up later-he certainly seems what we need.That is the point of course-the team reports to the chair and we can see the previous weaknesses ourselves, hence someone should fall on his sword.

The scale up means at least £2m per month turnover next year-the hockey stick growth curve.looks to me like the new guys have gone in and set their own deliverable trajectory.

There is plenty of support for this company so this is a reset for me but there has to be a change at the top.

I would also address one other thing-the constant leaks have been very poor

[geko5trade] 06/11/2023 13:19

Agree with most of your points and I hope you are right about this being 'teething' and not 'systemic'. I also agree this isn't a falling knife, in terms of share price performance its a bloody guillotine. Long term support might hold but almost certain to be hit at 13p. This will probably depend on institutional support though of course there are plenty of large long suffering shareholders.

[pinkfoot2] 06/11/2023 13:08

Any reflections?

Quite a few but in no chronological order

-I think Chairman should step down.Nothing personal but someone has to pay the price.
-they need to stop the rot and the drip drip-updates have become a source of worry/dread
-the company needs to provide absolute clarity on its financing going forward-not least for the customers who will be concerned.I think the new FD is very strong and she will be on it
-my understanding is the production issues are teething, not systemic or recurring.


This is not a falling knife in my opinion but the new guys have one chance to get the house in order.If they can do so, I would be looking for a partner or parent to provide support

[fillspectre] 06/11/2023 13:01

Last Friday's RNS was really bad. It is Company messaging and a failure to adjust predictions that has caused this loss of confidence. Something has gone awry because it used to be the exact opposite, or at least that was how I felt, shareholders were kept reasonably informed. However such is the damage to confidence I cannot see how we can progress without significant management changes. I feel I know where the problem lies. After one month of the new COO being in post ST appear to have posted their best sales month (do sales match production?)£1 million in October. For the first eight months of 2023 we didn't have the COO. The current revised forecast (please let it be conservative) is suggesting both Nov and Dec to be repeat one million sales months. I hope to goodness the COO is getting what he needs. I do wonder why the COO is not an executive position. Pinkfoot2 please message me. Fils

[quemaster] 06/11/2023 11:56

I believe Pinkfoot has a meeting with the company this week, I would be interested to know if there was any millage in what Rivaldo alluded to that one of the OEMs could possibly provide the small amount of finance needed for working capital, this would be an insignificant amount of cash to the OEM but in everyone's interest that the company is financially stable and new machinery and spare capacity is in place as soon as possible.

[mr macgregor] 06/11/2023 11:32

I'm the messiah and I should know I've followed a few.

[bagpuss67] 06/11/2023 11:20

Pinkfoot. Any further thoughts you are prepared to share following your reflection over the weekend?

[quazie12] 06/11/2023 11:08

Filtered numpty. Earlier you're saying this will go bust now you're buying. Blah blah blah

[amanitaangelicus] 06/11/2023 10:51

Nope, but I trade it for sure. Got cash til Easterish. Will need more. Nay revenue of any note. These guys are a different beast. Amateur Island ...but they have contracts and are making stuff and receiving revenue. Heck, I might just buy! Cant trust Aim ceos.

[bagpuss67] 06/11/2023 10:28

Amanta. You heavily into Avatca? What is its cash burn rate and current order book from global multinationals?

[emeraldzebra] 06/11/2023 10:19

.....And a happy Christmas to you too Amantaangelicus ! lol - a touch on the pessimistic side maybe....

[amanitaangelicus] 06/11/2023 10:07

Internal broker notes = toilet paper. You.ve been shafted. Welcome to Aim

[amanitaangelicus] 06/11/2023 10:00

Will be bust soon, sold off ...taken over for nowt. Prospective business dealings will be put/ off ...stone vold sell. Aim circus.