Surface Transforms Share Discussion Threads

[soixanteneufdude] 02/12/2024 13:27

Seems too early for a TU, which I think will be in January. Given that there's been this big push to ramp up production, it was clearly prove that they could deliver the goods to one or two of those OEMs. My guess is that there is an OEM contract extension or even a new one is on the cards.

Always thought the reaction to the last TU was totally OTT and there should have been more consideration to the fact that they've only just started producing bigger volumes that that are now paying out enough to return on on all that burnt up cash invested in their production line.

Have a bit more faith folks and hold the line

[amt] 02/12/2024 13:04

Share price doesn't go up 45% for no reason !!

[zen12] 02/12/2024 12:42

Looks like going to break through first resistance of 0.25 dyor!

[bagpuss67] 02/12/2024 12:30

Would be a bit odd to be updating the website if you are about to go bust...

[amt] 02/12/2024 12:24

It's the start of a new month so maybe they had a Townhall meeting and November was a cracking month. Who knows. They only really need to have one very good month to demonstrate that they can produce this great product at scale and the share price would be over 2p.

[bagpuss67] 02/12/2024 12:14

Yes. They said that they had an 85% yield run rate at the last rns and also that the downstream issues were fixable. So assuming they obtained the liquidity such that supplies didn't cease up then quite possible that manufacturing looking better..

[amt] 02/12/2024 12:10

Perhaps production has been ramped up in the last few weeks and they have resolved production issues. Its been a while and they haven't come back for cash so maybe a corner has been turned.

[jim rockford] 02/12/2024 12:00

They have been updating their website...

[major courtenay] 02/12/2024 11:59

The question is, do I buy back more or wait to see what the news is? Could just be froth?

[bagpuss67] 02/12/2024 11:38

Good luck to all still holding.

[jim rockford] 02/12/2024 11:31

News leak.....

[graham1ty] 02/12/2024 11:30

What has leaked………?

[bagpuss67] 30/11/2024 10:44

Nope. You wouldn't need to RNS customers paying you early if that's what's happened...

[major courtenay] 30/11/2024 10:20

Would the taking of such funds not require an RNS?

[bagpuss67] 30/11/2024 09:08

I'm with you washy. Can't believe they have lasted this long without some sort of liquity support. And they, I assume, have been taking that because there is a good prospect of a solvent solution

[washingmachine] 30/11/2024 07:12

Let’s put it this way
The last update cash wise
Has virtually gone .. all agree ?
So this points to access to other money
i can’t see any other situation
SCE are still trading has normal or were yesterday (Friday)
Another worry is the state of the global car industry outside China
Which is dire.
My thoughts are a tier 1 OEM are bankrolling day to day till a Cash injection is sorted with equity holders.

[timbo003] 30/11/2024 07:05

Interesting



Whether or not it will be of any relevance to current SCI shareholders, who knows?

[bones698] 30/11/2024 04:29

Admin for me . The options available all don't seem to add up either in providing enough cash or just prolonging it by a 3-6 months whilst wiping out holders .
The hopes that someone will come in and save the day and not take a huge stake or wipe out holders is hope rather than business .

What a mess they made of this ,I agree with manufacturing in the UK being poor I've seen it first hand .

[joe say] 29/11/2024 08:44

May be????

Place your bets now - I'll be the banker

[tomtrudgian] 29/11/2024 07:28

Yes I saw that Bagpuss67, and it’s good news. If, as we all hope, the run rate right at the end of Q3 was increased to 85%, given that it was 75% for the first four weeks that suggests an actual Q3 average of say 78%. ie behind the Q3 85% target, as they said.

The average may or may not have increased greatly beyond 78% since then, but if so surely we would have been told. If not there may be another loss in Q4.

[bagpuss67] 28/11/2024 15:37

Tom they also said

Yield improved during Q3 but is behind Q3 average yield target of 85%. The improving trend means our run rate in recent weeks is broadly achieving Q3 average target

So they were saying the run rate exiting Q3 was 85%....

[tomtrudgian] 28/11/2024 14:52

Agreed Major Courtenay, but it is surely not interesting but quite existential to SCE to know the current yield. And of course SCE do and did. In July 24 they stated yield had been increased to 75%, and had been consistently so for the previous four weeks. They also forecast a yield of 86% for Q4. Both involve loss.

Proudly announcing just a four week yield without any subsequent four week announcements, invites questions.

Tom Trudgian

[major courtenay] 26/11/2024 09:51

Something which would be interesting to know is the yield and rate of improvement over the last year or so. At some point I think it will probably jump (too late for current holders) but basically it’ll happen when the resultant disruption caused by the upstream modifications has worked through the system. When that happens you likely have a viable business on your hands. And good luck to whoever owns it at that stage.

The failure of the new furnace didn’t help. I can’t help wondering if that didn’t prolong the whole working through process as basically it’s yet another modification. Stephen Easton said there is a furnace team dedicated to wringing out every piece of data possible to allow them to be on top of furnace specification and management. Shame that wasn’t initiated earlier.

[bagpuss67] 26/11/2024 08:07

So what could we expect

1. Admin. Someone picks up the IP. Annoying for OEMs initially but could be a way to get out of this mess if someone sensible buys the business. Council in the spotlight a bit as secured creditor

2. Further wipe out retail and II raise. Not aware this is happening. Difficult to raise enough cash

3.Strategic investor. Maybe possible but again at what value do they take a stake at? Possible if they have already bought (70m) that when that is revealed share price lifts to thier investment entry price. But surely the market would already know who that 70m was or of such a party in the wings

4. Convertible loan. Would need to be secured. Need an inter-creditor with Liverpool. Would they really subordinate?

5. Further loan from Liverpool extending existing security and saving 170 jobs. Possible I guess.

6. Sale of the company. Things do seem to be dragging on which might be consistent with an M&A process with a few interested parties. Maybe we could get our 1p back if some competitive tension