Surface Transforms Share Discussion Threads

[gripfit] 09/4/2024 18:12

Lies lies lies … useless

[privileged] 09/4/2024 16:48

The word "broadly" here also implies they aren't even meeting their revised agreement Why did I trust this team with my money as a shareholder!!

[bones698] 09/4/2024 16:32

Any such contracts have clauses that you and I won't see so you cannot say that for sure. Also if the supplier fails to deliver the volumes they are in breach and so can nullify the contract would be standard language. Sorry but false or poorly researched info I won't have. Bad day for the bulls here I did try to warn people.


The Company has now agreed revised 2024 delivery schedules with all customers that progressively pull back arrears. We are broadly keeping to these schedules and the customer situation is stable.

This tells you the story and they have had to contact customers.

[emeraldzebra] 09/4/2024 13:58

V amateurish point I’m sure - and maybe it’s covered above - but would think that the most pressing concern is whether SCE can fulfill the contracts/commitments to customers that they have in the pipeline now. In this respect -Is there any danger that they could be pulled ? Surely this concern must be right at the heart of the viability of the company. ? I’m sticking for now - more in hope than expectation. Thanks to all for the valuable insights.

[geko5trade] 09/4/2024 13:30

bones, absolutely! I actually found I stopped looking because the sight of that announcement made my blood boil!
I think I came in for some criticism (some support) for my comments on their appalling presentation in terms of skills on both sides of the camera. I accept that the underlying performance is the main thing that matters but when poor presentation is coupled with poor management then it compounds. The wooly language of their RNS's reflects the same standards and it really is a problem. It doesn't just make them look amateurish but it smacks of evasiveness. Whether they are being evasive or not doesn't really matter because that's how the market will interpret their statements and ultimately it affects the price at which they can raise.

[amt] 09/4/2024 13:26

Cyberbub I think Bango is low risk with enormous potential but please do your own research, I once thought the same with SCE and have lost money but in hindsight its always been much riskier as was unproven.
Zoo Digital seems to be recovering after a bad time through no fault of its own, carries more risk than Bango due to cash position.

[misterd1] 09/4/2024 13:26

Or alternatively a takeover approach

Imo that would be a welcome result - replace the deadwood management at the top with a capable team - the contracts are there - it simply needs operational expertise now

[toffeeman] 09/4/2024 13:19

Too depressing to read through 90 posts this morning. I can only see raising another £5m and a resulting 50% dilution. Very frustrating and sad.

[bones] 09/4/2024 12:52

In some ways, it was the awarding themselves millions in LTIP shares while all kinds of hassles were going down in the workshop simultaneously that stuck in my craw.

[columbarius] 09/4/2024 12:24

I was happy to fund the education of my children, but I’m against funding the CEO along his tediously shallow learning curve.

[cyberbub] 09/4/2024 11:52

Amt would you mind letting us know of a couple of those lower-risk 10-baggers? I'd be interested as I have some cash looking for a home. Obviously I will DMOR. Thx

[amanitaangelicus] 09/4/2024 11:05

You lot need to listen to sane posters comme moi. The mafia running the board are ,shall we say, not necessarily batting for you. Watch oot. Need more savvy.

[amanitaangelicus] 09/4/2024 10:28

You lot need to listen to sane posters comme moi. The mafia running the board are ,shall we say, not necessarily batting for you. Watch oot. Need more savvy.

[amt] 09/4/2024 09:37

Its not the cost of disposing of remnants, its the waste of materials and time and energy.
Not sure they have any airline contracts.

[amt] 09/4/2024 09:34

I won't be selling or buying. I certainly won't be investing more when there are other ten bagger opportunities around with more certainly and crucially without the risk. Logically I should sell but my investment has fallen so much its not worth the effort.

[bones698] 09/4/2024 09:32

Lol. I think your in a minority then looking forward. The new furnaces will certainly help eventually but atm it looks. Like it's costing them a fortune to manufacture these discs. Not exactly a great business model eating through shareholders cash to make a few discs lol

Anyway I leave you all for a while until the next news. Gl

[benny shares] 09/4/2024 09:30

BARON OIL PLC

[pinkfoot2] 09/4/2024 09:23

I’m relaxed about the future-beyond the next 6 weeks!

[bones698] 09/4/2024 09:18

Pinkfoot I'll take that but think they are already under the thumb with the expansion loan. They have very limited assets and a track record recently of missing pretty much every target. I wouldn't be lending them a penny tbh but if they cna find someone it won't come cheap due to risks.

Wefher that's a worse or better option than a share issue is debatable. One hangs over the company a lot longer while the other is more dillutive now but draws a line under it going forward.

Either way I doubt this is the bottom of the share price dive and that revenue of 23mn ooks like a noose around their neck.

[bagpuss67] 09/4/2024 09:15

So the capex loan providers (and maybe Alliance too) would have to agree to step down the waterfall to enable an ID line