Surface Transforms Share Discussion Threads

[bones] 10/11/2023 18:14

That is a major problem for small caps in the UK. No support from institutions. AIM All Share is down 50% across the average since Sep 2021, so you can argue that SCE’s 70p price at that time is worth 35p now based on market sentiment and the rest is the company’s own doing. Still pretty damning!

[bagpuss67] 10/11/2023 16:42

Downing micro cap fund winding up. Have they got any? Not on the companies list of major shareholders

[alfriston2] 10/11/2023 16:24

Company not answering phones this afternoon. Hopefully because it's POETS day. Maybe placing news imminent?

[quazie12] 10/11/2023 14:10

Sorry but Johnston has to go imo. What a mess. It's one thing winning business but it is critical to ensure that you can service it. Wonder what percentage of his time in the last 18Months has been production line focused ?

[evilblues] 10/11/2023 12:29

Try these people, they might help you. https://www.samaritans.org/

[amanitaangelicus] 10/11/2023 12:20

Albert ... i.m trying to save you money. You really think I make any difference on the Aim Cesspit Circus?

[geko5trade] 10/11/2023 10:51

Before you go into battle you should work out how you’re going to get out. It seems to me the share price is now suffering from the uncertainty that the last announcement has created as much as the issues presented. Surely they must have seen this coming for some time. But we don’t really know the nature of the issues other than they are ‘not insurmountable’;. So we can’t possibly know whether the loan mooted will be sufficient. Was this a curve ball that the management didn’t see coming? Did they see it coming and thought their partial response to mitigate would be accepted by the market? Surely the strategy for dealing with this situation should have been thought through and presented more clearly before this announcement. That’s what troubles me more than the issues (from the little one knows of the issues!). Are they swashbuckling their way out of this mess or have the management been taken prisoner? Maybe the enemy have just turned off the internet.

[bagpuss67] 10/11/2023 10:31

Will be interesting if Pinkfoot appears or maybe is now inside

[amt] 10/11/2023 10:13

Yes bonkers reaction

[pwhite73] 10/11/2023 10:05

The fall is overdone. What they are saying below was that order was placed with them despite the client being aware of production issues.

RNS 03/11/2023 - "Our customers continue to understand the issues we are facing with the pace of the sales increase, as evidenced by the recent announcement of our biggest ever nomination."

[pugugly] 10/11/2023 09:51

74tom "Cannacord, Richard Sneller & Unicorn hold ~33% of this & apparently want nothing to do with a new funding round. That's why the share price is in freefall"

All depends on the price "As the senator said to the actress"
The level of the dilution and what it will do to the value of their current holdings.

The fat lady has yet to sing!!!!!!!!!!!!!.

Also your source of "apparently want"

[regandharry5] 10/11/2023 09:29

I wonder how the companies that placed the recent orders are feeling regarding these latest updates. Do they wonder if the supply chain is still working.

[bagpuss67] 10/11/2023 09:28

And Trackwise's main/only customer (putting aside the weak ongoing business they had) was going bust... Contrast that with SCEs customer base.

[bones] 10/11/2023 09:16

So, 33% shareholders would be willing to let their investment expire worthless rather than take a dilution in a placing? Sounds unlikely.

[amt] 10/11/2023 09:16

Nothing like Trackwise. They only had one small order. Sce has numerous orders worth over 300m

[bagpuss67] 10/11/2023 08:54

Some sort of private credit with non cash pay interest/ PIK. Would need to share the security though with the capex loan provider. Maybe just biting the bullet and raising the equity may be better but will be a big blow to those without the means to participate

[amt] 10/11/2023 08:51

It looks like the Directors aren't allowed to buy perhaps because of a placing ?

[amt] 10/11/2023 08:48

Yes the IP is probably worth 50 million and yet this has a market cap of close to net assets. Its being treated as if they are not sure if they can manufacture the brakes. We know they can and have proven that and have made a lot of progress but still a few issues to resolve

[bagpuss67] 10/11/2023 08:45

Wow this is bad. Just no bottom... All for a small amount of w/c (and surmountable manufacturing issues) This is the epitome of a special situation and surely someone will capitalise on that.

[geko5trade] 10/11/2023 07:42

amt, there may be some hoping, quite a few current holders fearing I’d say.