Surface Transforms Share Discussion Threads

[amt] 28/11/2023 10:11

Cheese666 I checked back and realise I misread the word years ahead, as year ahead. Thanks for pointing that out. Anyway they have enough work to be going on with and will need to prove a big uplift in production before I suspect any new contracts announced.
It's going to be a nerve racking 6 months ahead. Failure is not an option.

[robinbell] 28/11/2023 07:57

Doesn't mention SCE by name but an interesting read. https://www.hwmastonmartin.co.uk/blog/aston-martin-valkyrie-brakes/?fbclid=IwAR0tCXvZ1CXWER6uF1VB35ej15j2TdNy0cZlb8niJbVAlPqN-QuuXHQyUHI_aem_AV9svGHtzXe5YQtNrJ0lkjoYKNqujyKRRpo69gLEGz1TSfV7Dt7YcdrMisl51s9jvlM

[quemaster] 27/11/2023 17:21

Bones698 There is one other ceramic brake supplier to the global OEM market which is Brembo, Surface Transforms brakes are made using a woven carbon matrix this gives them a product that can run 200 degrees hotter, have consistent braking from cold and importantly in this case can produce the same braking requirements from a smaller disc than Brembo. If STs brakes have been engineered onto a future model Brembo brakes could not be used as an easy alternative just because they're ceramic they have different properties.

I have seen you posting on other forums where the share price has had dramatic falls so you are probably very busy with the current state of AIM and understandably short of time to do detailed research.

[fevertreeman] 27/11/2023 15:21

Bundred and Johnson yet again seem to be totally misjudging the mood music with investors, as any one who listened to their abject performance on the Hardman Investor webinar last week can attest. If I had been a portfolio manager having to listen to the same "Nuthin to do with us guv" presentation I would have found it nigh impossible to contain myself. Bundred has to go and go soon.....

[cheese666] 27/11/2023 11:33

amt - I must admit to missing them stating that there will be further contract announcements this year. Could I ask when this was communicated to us please?

[bones698] 27/11/2023 10:28

Meanwhile it's 10p . There will be plenty of clauses in those contracts that have to be met that just the way deals are done so despite all your confidence I will remain skeptical .
I not suggesting that OEM's would go back to metal docs either but there are other ceramic suppliers already that could supply discs instead and with already proven supply as you well know .

All sounding a bit desperate here tbh and as usual those invested think they know better because they can't see past their investment .

First rule of investing ,me er fall in love with a share .

A look at the shareprice chart would indicate things haven't gone according to plan here and that those painting a rosy picture are wrong .

[amt] 26/11/2023 21:23

We are expecting more contract news before year end bones698 so the complete opposite to the unfounded statements you are making.

[geko5trade] 26/11/2023 21:16

Well if anyone should understand the rocky route to new technological innovation it ought to be Musk. Hasn't he just pushed the button and blown up another few hundred million in the sky!

[quemaster] 26/11/2023 18:30

Cancelling a contact would cause an OEM real problems.

The weight difference of ceramic brakes compared to iron means the OEMs can reduce the mass of the steering and suspension system considerably, this takes a lot of engineering to create the optimal setup but in the future they can use the same system on models of similar size.

The properties of STs brakes allows a smaller disc to produce the same performance as a larger Brembo so there would also be engineering work to be done to enable a change of supplier.
The criteria for the prospective pipeline is a model that both the OEM and ST have done engineering work on with a SOP date so work here as well if the OEN want to pull out.

The prospective pipeline is at least 2 years from SOP as are many of the contracted models, I guessing the OEMs believe ST will be running relatively smoothly by then with equipment they have experience with.
The models that have more imminent SOP dates wont have enough time to engineer in a new system so they are probably very happy that ST will be able to expand capacity quickly following the fundraising.

[bones] 26/11/2023 17:48

Longshanks, please call him bones698. Thanks!

[longshanks] 26/11/2023 11:23

Your naivety on automotive OEM contracts is rather sweet bones. If you really fear they are vulnerable, I suggest you contact the company for reassurance rather than positing your unfounded theories here.

[bones698] 25/11/2023 04:45

Just dropping in to see how the troops are doing here .
Unfortunately the share price continues to drift as no update on the production issues being resolved .
Doesn't look like any new orders are likely to come either and infact seems will be fighting to keep the ones they have already .
I did say a few months ago that the wording in these contracts would be of great interest but unlikely to ever be seen by investors eyes .
Should stay around these levels unless there is any more bad news to come . No boardroom changes which is a bit sweet and sour . Means less delays short term but longer term uncertainty as many have lost faith .
Back to watching and waiting for me this one as it has been for over a decade plenty of time to watch and see how it unfolds .

[swiss paul] 24/11/2023 19:40

Jadestone had a recent balls up on their drilling activity this year. Every time they did something to recover the sitiuation they sent out an RNS. It got a bit wearisome but it demonstrated they where on the road to recovery and gave a sense of positivity.

[radgimus] 24/11/2023 17:48

'Reports from their distributors and end users'Surely the only tangible weather vane on the state of affairs pertaining to production is the availability on the aftermarket? Contracts will command priority so if the aftermarket is quiet, the Company socials are on the down low with distributors quoting long lead times it maybe paints a fuller picture than at first glance.

[supernumerary] 24/11/2023 17:35

The killer for me is the quarterly reporting with hard facts. I'm usually not in favour of too much paperwork, but they haven't earned the right to leniency, quite the reverse. Cash and production numbers are key for me, but there are other measures that other people may wish to add - the usual financial stuff - inventory, deliveries, revenue, GM etc, and maybe also, at least for a while, some info on the machinery uptime. They have to rebuild investor confidence, and should be looking themselves for creative ways to achieve this. It was one of the disappointments of the presentation that the idea doesn't seem to have crossed anyone's mind.

I'm all in favour of a world-class CEO, but they're not easy to find, and are unlikely to be British, so it will take time. In any case one cannot safely just fire the existing board - however badly they've let things slip, they got us here, and have acquired valuable knowledge and experience in the process. It's up to the CEO to find a way to knit the team together effectively, but I'm afraid I want to see Bundred gone. He sleep-walked into this mess and seems to have no idea how to extricate himself or the company from it.

[bones] 24/11/2023 14:52

Supernumerary, I support your views on the methods of communication that the company could use to keep everyone abreast of the company’s activities.

Pinkfoot favours a “world class CEO” to run proceedings and perhaps instigate those initiatives. That would work for me.

[supernumerary] 24/11/2023 14:45

ftm - you're beginning to sound merely vindictive. Why am I reminded of your posting on Angle?

TrickyD - I think you'd find that quite a few posters here have experience of building significant companies from scratch, some of us even doing it while making a profit for shareholders and without external investment.

You presumably have more experience than most in apportioning blame, but from a lifetime spent living and working throughout the world (and a 30-second glance at the newspapers) I'd say that apportioning blame is a universal trait - absolutely nothing uniquely British about it. I also think it's a useful exercise if accurate - if you don't know who or what has caused a problem, how do you fix it? It's certainly a lot more productive than your proposed descent into willy-waving.

Ignoring the blather about non-zero possibilities, save to say that they are infinite, I do not think that this bears comparison with Tesla. I suggest you check Elon Musk's cv then compare it with that of any of the SCE management - you may just change your mind.

bones - 'The share price ought to make a gradual ascent thereafter throughout 2024.' That word 'ought' is in my view inadvisable. It's an ineluctable fact of life on AIM that in the absence of news, a share price will fall, and the management here has so far not felt it worthwhile to bother releasing news, with the inevitable result. I actually get more and more regular information from Riversimple than from ST!

I'm hoping that the larger inside shareholders, who perhaps have more influence than we minnows, will persuade them to release quarterly KPIs, with regular updates in between. They have great ESG credentials - why on earth don't they make more of it? Where's the newsletter with reports from their distributors, and end-users on the track? Why not the occasional interview with a CEO from one of their non-anonymous customers? Anything to keep interest alive - it's the oxygen of small-scale investments.

[quazie12] 24/11/2023 08:36

Agree 100 percent what you say. I am going further and would not add until there are changes at Board level as I have lost confidence in Bundred and KJ.

[amanitaangelicus] 24/11/2023 08:15

Bring in more robots!

[amanitaangelicus] 24/11/2023 08:15

Lot of insiders on this board. Watch out. Some paid, some not. Typical aim tactics.

[taperkick] 23/11/2023 21:30

Different sectors but a lot of similarity to Angle. Both spent tens of millions on their product, both have a trashed share price and both have a CEO who people think is a liability. The difference here is that SCE do actually have a decent order book for their product.

[amt] 23/11/2023 18:23

I shall not take up my allocation. There is more dilution on the way if this gets oversubscribed. It sounds like November is only a little ahead of October and with Xmas it's even possible they fall short of latest fcast which would put the share price under more pressure.
I shall wait until they can show they have resolved production issues.