Surface Transforms Share Discussion Threads

[bones698] 17/9/2024 16:52

Obviously some didn't read the update and forecast for profits properly . Each to their own .

[casholaa] 17/9/2024 12:51

Thank you.

[quemaster] 17/9/2024 12:31

The interim results were on the 27th Sept last year, in the recent directors talk interview with Mike Foster from Hardman he said the update would be later this month.

[newbie123] 17/9/2024 12:23

Typo. 22/23

[newbie123] 17/9/2024 12:21

My guess is this weekend 23/23

[casholaa] 17/9/2024 12:15

Anybody want to have educated guess as to when we may see the next update from these wotsits?

[cyberbub] 17/9/2024 11:31

Of course it is. They only need 20m odd in revenues to break even. Bones is just frantically deramping!

[fft] 17/9/2024 09:26

Bones,Where do you get the reduced capacity from ? 50m capacity at the end of 2024 is more than enough to meet expected production/sales in 2025.And the ramp up to 75m will still be ongoing.

[bagpuss67] 17/9/2024 08:57

Brilliant thanks LV and Que

[bones698] 17/9/2024 08:34

So going off the companies own forecasts it looks unlikely they will break even in 2025 with reduced capacity . I can see getting the accounts signed off as a challenge soon . Seems suddenly some desperate attempts to save cash it's a bit late in the day tbh after squandering 17m in 7 months to finally realise they are going to need cash urgently . No sign of date for the update ,not sure if that's a good sign or not .hope you get some good luck tbh it's very much a gamble from here

[latentvalue] 17/9/2024 07:10

We're both correct, as I was talking about max capacity achievable on the current site (£75m). When the last CVI furnace is installed later this year the notional capacity on the site increases to £50m and then in 2025 the final £25m capacity is installed, which takes it to £75m on the existing site.

[bagpuss67] 17/9/2024 06:04

Thanks Q. You seem to be at odds with Latent Value about the capacity at the existing site. I think he/she says it's £75m. I focus on the existing site as we don't know the plans for the next phase of the scale up yet.

[quemaster] 16/9/2024 22:48

Yes I did, sorry a combination of spellcheck and bad eyesight.

[cyberbub] 16/9/2024 22:26

Did you mean "constraint" quemaster?

[quemaster] 16/9/2024 21:59

Just to add to comments regarding the furnace delayed by protracted site negotiations this is a CVI furnace that will take ST to £50m capacity. The CVI stage is currently the main constant on production, with the CVI said to be coming online during Q4 good progress on this in the update would be significant.

[quemaster] 16/9/2024 21:25

Maybe with an update due this month people are more focused on that, i'm waiting for clearer picture of what Andrew Kitchingman has walked into before making any decisions, having said that I was expecting a blue day after a positive RNS.

[bagpuss67] 16/9/2024 18:55

Fair enough Cyber.

[cyberbub] 16/9/2024 18:35

Bagpuss have you not seen the volume spike due to the large late trades? There *has* been buying!

Two large sells at 1.43p (approx 6.5M) have been offset with two large buys at 1.45p (4.5M) and a series of smaller trades at 1.45p or above, which must logically also be buys, because I very much doubt that the MMs would go short on a risky smallcap like SCE.

If you make that assumption then the balance between buys and sells today is almost exactly equal, so it almost certainly bears out my theory. 6.5M buys (including two large ones) from people enthused by today's news, and 6.5M sells - I imagine from people still derisking from the 1p placing... but they can only sell once!!

[cyberbub] 16/9/2024 15:50

Large late trades, 4.5m shares changed hands it seems.

[geko5trade] 16/9/2024 10:23

Probably get given a stack if history is anything to go by but we'll see. Still I agree it could indicate an improved change of direction.

[latentvalue] 16/9/2024 10:09

Transactions at 1.46 are buys. So there are net buys today. Very narrow spread.However the market will want to see more than a changing of the guard, but I view a fresh pair of experienced eyes at this juncture to be a positive development. After the interims, which will include the key trading update, I expect to see the new chair buy some shares, as the close period ends.

[newbie123] 16/9/2024 09:49

This has to be good news, shame the markets don't seem to be reacting. I can't see a single buy today, maybe I'm looking in the wrong place.
I've always had the opinion that the production issues can and will be overcome.

[bagpuss67] 16/9/2024 08:57

Ah OK. That's very helpful to know.