Surface Transforms Share Discussion Threads

[gclark] 22/10/2024 20:19

The most logical source of finance this time would be a bank or other loan. We have evidence of sales, growth in sale (the issue is only that we want it quicker), growth in revenue, a very large order book from verifiable customers, assets of £19m in the Dec 2023 accounts and since then £7m additional r&d investment for collateral for the loan and profitability next year. Capital investment in place for huge growth. Banks should be screaming out for this type of loan.
Issuing new shares would be pretty barmy at this stage.

[thiopia] 21/10/2024 13:15

I guess we will see... it would be great for cashflow and confidence if the customers/ OEMs showed faith in SCE turnaroundability by making concessions on payment terms to help them ride out these yield and downstream issues.

[f1superfan] 21/10/2024 12:57

lots of talk of £400m order book but how real is this number?

[thiopia] 20/10/2024 22:31

Small in terms of Market Cap but the order book of c.£400m and potential capex of £XXm with the attendant jobs/positive externalities in a high profile sector such as Automotive OEMs could be considered 'strategic'

[bagpuss67] 20/10/2024 11:28

Isn't this too small/inconsequential for the UK economy for government intervention? Maybe Liverpool might waive some covenants but won't that be about it for state intervention?

[thiopia] 20/10/2024 11:22

jaari888

19 Oct 2024 11:40

Posts: 41

Price: 0.28

Worst comes to the worst and no investors prepared to risk investing could an interventionist Labour Government step in where the Tories fail ?

SCE holds crucial IP and creates UK jobs. Do UK Government want jobs and IP to go abroad ? Maybe even to Chinese ?

This makes me think the situation is a lot better than last time and we could get away without massive discounted dilution

[casholaa] 18/10/2024 10:45

10 shares @ 0.28p rofpml.

[soixanteneufdude] 18/10/2024 10:32

Someone just bought 3p worth of stock - Playaaa! lol

[bagpuss67] 18/10/2024 08:43

Well it's certainly not state of the art and seems to be a cobbled together evolution. But if they are past 85% yields and have the funding to fix the latest issue, which they say they can, and funders believe that story/ believe in AK and his team, maybe they live (in this company shell) to design future new manufacturing facilities better. But that's a pipe dream right now!

[casholaa] 18/10/2024 08:06

The process or deployment of the process, doesn't appear to have been perfected. A year later and they don't appear to have managed much.

[bagpuss67] 18/10/2024 07:06

Morning all. I guess we are in a phase of them testing out/negotiating what ever options they have on potential participants. I imagine once there is more clarity on that they will again have to test if that funding/solution provides a bridge to somewhere (not insolvency) and they as directors can continue and not leave themselves exposed to later action.

[bones698] 17/10/2024 22:45

Unfortunately they haven't as this has gone from 20p to 0.25p in little over a year . Hard to say the doubters have got it wrong here .

Taking it from now ignoring the past which is a bit silly but we will do it ,it's a binary bet on next news being bust or secured some funding and a chance to rescue the business . Then there is how the funding is raised that could determine the share price if it's a fund raise expect it to be 0.1p or less .
If by other non dillutive method then that would be positive . It still wouldn't mean they are safe or out of the woods though .

It all depends on the new guys reading of the situation . If it's possible to salvage the business or worse than he thought when he took over .

It's a tough one even from here for me and I've decided to stay out given the past years disasters . The chances are slim of turning this around given the big issues and lack of cash and time to do it .
Not impossible but 80-20 against imo ,and I'm being generous . The market view it as heading for admin . The next rns will be one or the other . To big a gamble for me I like better odds or to wait and see first . Companies low on cash are always at huge risk of a dillutive placing wiping out current holders even at this level that's a risk I see and better options elsewhere .

Good luck I do hope it survives but it won't be because of the previous chair and his cohort in messing this up so badly .

[the stinger] 17/10/2024 11:09

Personally I hope they prove the doubters wrong..

[amanitaangelicus] 17/10/2024 10:55

To punt, or not to punt that is the question. Whether tis nobler in the mind to suffer the slings and arrows of outrageous binary plays, or leg it to saner propositions...hear me William, hear me! Give us a sign. Sir Amics about to pounce and gobble this utter bargain up. £3m + mkt cap..Nicholas Parsons in the house ...it s the Sale of da Century!

[soixanteneufdude] 16/10/2024 19:48

Very easy given that the German ones are all subtlety interconnected, especially where the parts supply chain is concerned

[the stinger] 16/10/2024 17:33

Wouldn’t surprise me, someone has built up a huge stake. Who? Is the question. If the OEM’s or another backer/s come into play it will be fireworks here as the big holding II distressed sellers had to forfeit a huge percentage loss.

Be a huge positive if so.

[bagpuss67] 16/10/2024 17:30

Now that is not surprising

[washingmachine] 16/10/2024 17:25

Let’s put it this way
The factory floor has been very busy, with several meetings taking place.
Make of it what you will.
PE have already looked at the numbers.
Binary bet indeed
But imo tilting for a resolution outcome to see 2025 !

[bagpuss67] 16/10/2024 16:54

Thanks for the info but I think I won't get my hopes up as I don't think any execs or NEDs would leak this. Also very unlikely I think that OEMs could be coordinated in this way.

[washingmachine] 16/10/2024 16:41

The grapevine whispers this afternoon
For what it’s worth
OEM consortium taking a large stake in return for sufficient investment, to see them to cash generative.
Administration is not on the table at present time.
Today.

[the stinger] 16/10/2024 16:33

10 bag or bust… simple. No one knows what the outcome will be. If it gets the backing I wouldn’t be surprised to see 5p a share one day.

Conversely, no backing = bust.