Surface Transforms Share Discussion Threads

[bones698] 09/4/2024 08:18

OK what price the raise and how much for?
10m at 5p looks about as good as they might get in this market. That will keep the share price pinned down here for awhile then there is will they hit 23m or not. You would be a brave person to say they will atm. So where will the share price go then. Plenty of time to watch here as can't see the trend changing anytime soon
Needs a complete shake up of the Bod. Someone with a good track record of sorting out issues and far better cash control

[evilblues] 09/4/2024 08:17

Writing was on wall when CFO left. Terrible management here.

[quazie12] 09/4/2024 08:15

At least you're not defending management this time round

[privileged] 09/4/2024 08:13

£20k loss today :(Sold out just over 1/2 my position getting out of that was hard enough getting quotes. Expect to buy back sub 6p at some point when more confidence in the management

[gripfit] 09/4/2024 08:11

I’m out …what a mess

[bones698] 09/4/2024 08:00

Amt they raised nearly 10m only 5 months ago and now having to raise again. That's some burn rate for a small. Increase in revenue. They will need at least another 10m and I doubt that will be enough to see break even. I maintain they won't hit 23m as I have said for some time. They should have lowered that target in with the rest of the bad news, then at least maybe drawn a line in the sand. Now many expect them to miss that and another profit warning still to come
The really annoying thing is I want to invest but the management here are making a hash of it and I'm not investing in a company so badly run. Until they sort that out I'll stay out of this mess

[bagpuss67] 09/4/2024 07:58

Yep. Results delay potentially GC issue as need to clearly show enough cash for at least 12 months. I don't doubt they can can raise just at what price.

[74tom] 09/4/2024 07:57

Closer and closer to game over here

[sharesure] 09/4/2024 07:56

If the production problems look to be lessening, and with some Board positions vulnerable to change, now looks like the time someone else might take an opportunistic view of owning this outfit.

[gripfit] 09/4/2024 07:50

Mkt cap only 22 mill .. good job it’s not £220 mill lol

[bones698] 09/4/2024 07:44

Let's see what the market thinks. Anyone that listens to pinkfoot after what's happened over the last 12 months deserves to lose money tbh.

[evilblues] 09/4/2024 07:41

They'll announce that in May to soften the results.

[pinkfoot2] 09/4/2024 07:41

I’m here-I’m not inside and frankly some of your words are offensive.

Im pleased Bundred is leaving-I predicted he would depart a while ago

This isn’t a profit warning and people seem to forget the new capacity is coming on stream.

The working capital looks problematic but hopefully a minor glitch in the road

[bones698] 09/4/2024 07:37

Priveliged agreed. Cash raise will be painful this time 6p I think wouldnt be the worst result if they sort out the Bod though otherwise this is going to keep happening and sooner or later customers will walk. Also where is the new oem deals they mentioned? Have they not signed because of the issues and not meeting targets?
No mention of losses but I bet they will be very high next results to which given the cash position and revenue isn't good at all. Dire update tbh even with rose tinted specs on

[mr macgregor] 09/4/2024 07:36

We need to talk about Kevin. Without Bundred he is toast so they may as well sack him now, especially as they need funds. Who is going to invest while he remains, Sneller apart?

[privileged] 09/4/2024 07:35

The only saving grace is they at least may do £15m this year? At least they're still actually selling stuff and any operational progress in the background should be positiveThe shares are already marked down anticipating disappointment but it's still going to be a sh1t show at 8am

[bones698] 09/4/2024 07:33

Amt dreaming still
Joe spot on

[amt] 09/4/2024 07:32

If they do 5m Q2 6.5m Q3 8.5m Q4 they can still get to 23m.

[bagpuss67] 09/4/2024 07:28

When he goes quiet you have to wonder he's inside again...