Surface Transforms Share Discussion Threads

[premium beeks] 23/4/2024 11:09

Most will have gone through the 5 stages of grief on this destruction of share price. With acceptance comes a sale and move on.I see good value at 3p here, hence my position.

[amanitaangelicus] 23/4/2024 11:01

Yup , the gerbils are running extra fast on their wheels. Where have the gurus gone? Job done - insiders agogo.

[quazie12] 22/4/2024 20:34

Results delayed most likely reason the auditors require clear evidence going forward of going concern

[swiss paul] 22/4/2024 19:26

One of the issues that causes me some confusion is that when the new equipment was installed, who commissioned it or how was it commissioned.

I am assuming the furnaces were a follow on from the initial new batch. Therefore should it not follow that the equipment should have performed as well as, if not better then the previous install.

Previous installations where I have worked had problems that could be tracked back to commissioning - or lack of - or general lies.

Did the suppliers provide duff information etc. It will be an interesting case study - if the BOD ever decide to come clean.

Best of luck all - and hopefully another blue day tomorrow

[premium beeks] 22/4/2024 15:38

Are we about to see a cheeky little rise?Remember, news releases are past performance. We've done to death the issues here, the questions now are have the company got a grip on issues and can the management deliver? Jury a little out on both but I certainly can see some light ahead, even if others can't.Hyperbole and reactive language in use again I see. Often used as a tool to sow excitement (positive) or doubt (negative). I'm sure the 10m wasn't wasted, but some things take a while to turn around. The last RNS showed the start of improvements. What we do know is if they get the manufacturing issues sorted this company is not worth 3p a share.

[premium beeks] 22/4/2024 12:12

Some good buying this am, and the selling seems exhausted.

[amanitaangelicus] 22/4/2024 10:28

Amy ,yeah I.m sure they have. The guy who.s just left, can he sell his shares with no rns now?

[bones698] 22/4/2024 10:27

From 8th Jan update
Gross cash at 31 December 2023 was GBP6.1m

You may well be right too it's all about how you interpret what's said and compare it to what's actually been happening. I for one would t read much into what management have said though as they have proved to be wide of the mark constantly over the last 19 months or so.

For me the best indicator is the share price. Even if they find a way to raise 5m I just see a run of further bad news coming. The new contracts they said were coming haven't arrived, a sign customers are losing patience imo

The odds are firmly stacked against them here afye some very poor management decisions. I'll be keeping an eye on events but at this point I'd rather be out than in even now. Hope that changes as the tech is good. Pity they can't produce it reliably and efficiently to make money off it so far

[bagpuss67] 22/4/2024 09:59

Will try and look at this analysis later but at first glance I'm not sure it supports your assertion that they have "blown" £10m. I know its a dire situation but we need to try and me precise with what info we have. Maybe you are right but it's not clear to me from your post.

[bagpuss67] 22/4/2024 08:56

Sorry. How do you get to the £10m and how much of that was capex?

[bones698] 22/4/2024 08:46

They blew 10m.in 5 months almost the reuskts will look shocking. Think your being overly optimistic and the share price is 3p because things aren't looking very good. Hope your right though but I doubt it

[bagpuss67] 22/4/2024 08:29

Don't agree Bones698. If (and it's a big if) there is decent progress with manufacturing and they have a funding line the share price should be much higher. They were forecasting £1.8m of cash at year end at £23m t/o.

[bones698] 22/4/2024 08:26

Bgapuss that's about the only way out of it but even then results will look horrible and I don't see the share price rising to allow a raise at a slightly higher price. Meanwhile they are racking up bills to pay eating into profits with loans that need repaying. Just looks bad every way atm.

[premium beeks] 22/4/2024 08:22

Is it? Because I haven't seen a trade at 3p yet.

[bagpuss67] 22/4/2024 08:21

PB. I think it's because the share price is 3p

[premium beeks] 22/4/2024 08:20

For every seller there is a buyer, and the MM won't have taken them on.

[bagpuss67] 22/4/2024 08:20

Best hope is I think that Liverpool will be accommodating and allow new security which will permit another funding line (liksly ID) and this will allow a book build to obtain 5p or better.

[premium beeks] 22/4/2024 08:18

I'm getting offered 3.06p, so what's with the exasperation posts?

[bones698] 22/4/2024 08:13

Nope I just don't see any possible good way out of the current situation for sce. I hope I get surprised and they come up with something unexpected but everything is pointing to shareholders losing out here and a business that hasn't been kept on top of by the management. Good luck Matt.

[bagpuss67] 22/4/2024 08:08

Blimey 450k at 3p. Still desperate to get out. Not looking good at all.