Surface Transforms Share Discussion Threads

[bones698] 19/4/2024 09:17

5m doesn't cut it for me though given all the issues they still have and more to come with new plant. They just ate 10m in 5 months so 5m isn't going to last long at all.

Anywya will look forward to reading it when it's announced, don't see any point holding as raise price likely under current share price

[premium beeks] 19/4/2024 09:14

Yes AMT.They will get funding, the last update showed promise and there will be far more information and detail given behind the scenes to satisfy any due diligence.I'd expect some institutions / hnw investors about to make a killing.

[amt] 19/4/2024 09:09

I should think they will be working on a refinancing over the weekend so perhaps get news on Monday or Tuesday.
5m at 3p would be my guess.
Huge dilution again so the best we can now hope for is to get our money back in a couple of years if all goes much better in the future.

[bones698] 19/4/2024 08:52

Sold out yesterday and today last few as don't see any positive ways out of this now.
Had to do negotiated traders and fill or kill orders to sell even small amounts which isn't a good sign.

Gl might return after finances are sorted

[supernumerary] 18/4/2024 23:37

You started the conversation wrong, and now you're backing out because that fact has finally sunk in. Better late than never I suppose.

[premium beeks] 18/4/2024 23:13

Bore off Super. This is an SCE thread, let's stick to that eh?

[premium beeks] 18/4/2024 23:02

Must remember the saying - don't engage with VRS'ers.

[premium beeks] 18/4/2024 22:38

I'm more a follower of clubby than VRS - I remember him from the "Behind the sofa" hiding days as the heavies from Paragon Diamonds banged on his door!

[bones698] 18/4/2024 22:15

I was right before you on vrs super so don't come her like. Your clever. You post little of use and just like name calling. Back on filter you go and staying there

[supernumerary] 18/4/2024 21:26

lol - been right about vrs since listing. And you? What was your first post there? Don't be shy...

[premium beeks] 18/4/2024 20:36

As a VRS numpty you should be able to spot the signs!

[supernumerary] 18/4/2024 20:30

Is this what they call an echo chamber? Certainly a ringing of empty vessels :¬)

[bones698] 18/4/2024 16:27

Fair question.
For me a share issue is a bad option as the share price is unlikely to recover from these levels ever in such an event given the amount required and risks that remain.
A loan whilst appealing has two issues, firstly it has to be repaid which is difficult when your not making a profit and secondly hwo in their right mind would loan money to a company that is loss making and struggling.
Then there are convertible loans. These have their own risk similar to point one with dilution happening just spread over a longer period. They are also well known to destroy shareholder value with short selling and other mechanisms used to reagin the capital given
Nakther option is a grant as discussed although. If these were viable options you would think they had been explored already and perhaps the window had been missed. Plus they take time to go through the process
Sale of the business formal or otherwise, only works if there are buyers looking to acquire the business. With brembo the only real suitors are they likely to sit and wait and see if it survives and possibly buy it out of admin if at all.

A few other possibi0liiities available but none of them look very attractive for shareholders at this point. How they manage to fund the business and how quickly they can break even are key now. I'd say the odds of a successful outcome are less than 30% for shareholders.

This again shows the difference between a professional ceo and those that promote themselves into the position from inventor to running a business

[premium beeks] 18/4/2024 16:15

Thanks Bones. It was a genuine question, not an area I am familiar with.

[bones698] 18/4/2024 16:12

Premium unfortunately not as much as you think. Many companies have gone under with sizeable tax losses on the books. If they were worth anything these would be snapped up to use. You will find they hold little or no value. Wishful thinking.

[premium beeks] 18/4/2024 15:58

Presumably they would be of value to a potential suitor as well?

[tomtrudgian] 18/4/2024 15:44

misterd1. I quite agree to your reply to my (unpublished) comment. It was partially about the value of the £2.65m agreed by HMRC in the FY22 audited results. How much more will this deferred tax asset increase in the FY23 audited results?

Corporation tax is up from 19% (22/3) to 25%(23/4). Deferred tax assets are now much more important. Unless, as you rightly say, there are no future taxable profits!

.

[misterd1] 18/4/2024 12:29

Tom - that is a key proviso

No profits, no benefit

And in any event the tax asset will simply reduce or avoid a tax payment rather then proffer any funding per se

[yasx] 18/4/2024 11:36

Kemche

Chuckle chuckle. Such is the lack of credibility attached to the existing management.

[kemche] 18/4/2024 11:08

"Surface Transforms.... resulting in a projected FY 2024 range of £17.5m to £22m sales"

So £16m it is then.