Surface Transforms Share Discussion Threads

[amt] 19/11/2023 08:12

The more they get the more the dilution so it's not a great situation to be in.

[quemaster] 18/11/2023 15:03

Jeremy Hunt was also speaking on TV yesterday saying he had spoken to Elon Musk about opening a Tesla factory in the UK, hopefully good news for the sector and ST in the future.

Thanks for correcting my post yesterday bones BTW, I should of been able to give a better explanation of how the fundraising will work after all the ones I have participated in over the years.

[bones] 18/11/2023 14:43

From today’s FT Weekend, referencing a speech by Chancellor Jeremy Hunt, yesterday:

”…he announced the government would be providing £4.5Bn in new funding between 2025 and 2030 for UK industrial sectors.

More than £2Bn of this will go to the automotive industry and nearly £1Bn for the aerospace sector, which is intended in large part to fund the supply chain for low-emission vehicles.”

[amanitaangelicus] 17/11/2023 18:59

'Sick of leaks' ...it.s Aim you muppet. Rules dont apply? Comprendez? Aim Aim Aim Aim ...useless regulation ...just why dont you know this? Ring Dynaplumber. Hilarious lack of awareness.

[bones] 17/11/2023 17:12

Quemaster, you could apply for a lot more excess than just another 50% of your entitlement. If you want as many as possible, you should put in for a big number. The additional 10M shares will be distributed to those who applied for excesses and that will include those shares from people who could apply for the open offer but do not want to. They say they will favour the "smaller" shareholder in the excess distribution.

As I understand it, if only 10M shares are applied for under the open offer because shareholders entitled to the other 10M are not interested, then the directors would have discretion to distribute another 20M shares to excess applicants, if there are that many applied for.

[longshanks] 17/11/2023 16:57

I sent the same message PF.

[pinkfoot2] 17/11/2023 16:26

To be fair I told the FD to look at the trades pre presentations and RNS-I think she will do it as Im sick of leaks

[bagpuss67] 17/11/2023 15:37

Another few quid for insiders. Get told about a 10p placing. Sell a bunch of shares. Shares relief rally on placing announcement. Sell a bunch more into the rally knowing exactly how many firm placing shares you will get...no risk of FCA investigating. Simple.

[cheese666] 17/11/2023 13:01

Sorry if this has already been covered but did I read somewhere that the placing entitlement is 12 shares to 1 plus the 10 million overspill?

[bdaonion] 17/11/2023 11:22

Courtesy of Mark Twain

“Never argue with an idiot. They will drag you down to their level and beat you with experience.”

People like Aman thrive on attention. It's how they get their highs. The best is to filter them, or ignore them and don't respond and they will go away to seek attention elsewhere.

[bones] 16/11/2023 20:05

Continuing the theme today:

[bones] 16/11/2023 17:19

Toffeeman, good outcome for you on HOTC. I suppose my point is that the City is not pricing in the possibilities of a takeout anywhere in the market. Predators are having to price aggressively (vs market cap) to get a deal done since directors can see their company is grossly undervalued especially where there are key IP barriers, even for chocolatiers that have built a premium brand.

SCE have been building theirs for years and are now so close to getting over that cusp from an R&D-led to a production-led corporation. It’s a steep climb for them but each stage completed is a level nearer the summit.

Currently the market is pricing in a fall from base camp due to crampon trouble.

[pinkfoot2] 16/11/2023 16:55

I definitely thought about it before pushing the buy button on the Placing but reconciled myself to the fact that raising the cash in itself deserves an uplift-I’ve put the loss of my recent upside down to stupidity and greed.I think most placees will stick-fundamentals too strong

[toffeeman] 16/11/2023 16:50

>> Bones

I paid 355 in the last HOTC raise getting out flat is a huge relief. Half a bn is loose change to Mars they have been trying to develop premium offerings and have failed miserably - today is great for those who bought recently not for longer term holders.....

[volsung] 16/11/2023 15:27

Still nothing on HL

[amanitaangelicus] 16/11/2023 15:23

Called canny return if u can get it. Will they stick or twist?

[pugugly] 16/11/2023 14:55

Nice 25% potential profit at the moment for placees' However could this just be a Market massage to encourage participation in the open offer?

[pinkfoot2] 16/11/2023 14:20

The whole issue was about increasing capacity and moving from £1m per month to £2m per month t/0-and getting ahead of the curve in terms of inventory.As I said before, 15/16 separate processes to a finished product.Classic ramp up stuff

I was happy with the explanation and determination to move a resilient ‘parallel̵7; system and yes there is plenty of space at the moment.

[talkman2] 16/11/2023 13:39

We are now a sitting duck for a t/o. I would be surprised if there isn’t a move for us at these levels . We are very vulnerable .

[hewhoknowsnot] 16/11/2023 13:12

Hi PinkfootIn the presentations last week did they indicate whether they would need to have parallel trains for some of these problem machines and if tes, do they have the available space within the processing area?TIAHWKN

[quemaster] 16/11/2023 12:38

emeraldzebra the barriers to entry are largely due to it being a safety critical product. ST had years of use and many miles on the race track before the OEMs started testing the brakes for themselves. The OEMs then tested them to destruction in the coldest and hottest conditions spraying salt and grit on them at the same time for years. Eventually they started considering the brakes for certain models but at this stage you are still about four years from a start of production date so you are talking best part of ten years from a credible brake being available to ending up on an OEMs model.
The OEMs have been vocal about wanting a second supplier in the market and ST have the superior product so they had every motivation to get things done relatively quickly.

There is at best around a years engineering work to get the brakes onto a model even if you are just changing from Brembo ceramics to our brakes as they have different properties but once you get on the first model you are then in the OEM's parts bin and an easier choice for future models of similar dimensions.

We are now in the parts bin of many OEM's but considering the years of hard work to get there any new entrant to the market would need a compelling reason to to get OEM's to start considering their brakes.

[cyberbub] 16/11/2023 12:26

Two 'Angelicus' desperate loons on this thread now filtered.