Surface Transforms Share Discussion Threads

[bagpuss67] 04/12/2024 08:46

I guess in terms of completion risk it may come back again to manufacturing on particular November MI. If its rubbish deal/ whatever they have lined up may fall to pieces.

[amt] 04/12/2024 08:36

In some ways no news is good news because at least they are still going and not requiring cash which implies things on production must have improved.

[bagpuss67] 04/12/2024 08:18

Not sure they could/would work that way together. More likely one or more accelerated payments to give then liquidity to keep trading a reasonable output whilst they got/get this deal I er the line

[kingston78] 04/12/2024 08:02

The large customers should clobber together to finance this company out of trouble for a partial ownership of this company.

[bagpuss67] 04/12/2024 07:12

Bit worrying that they haven't got this closed out. Whatever it is. It would be so SCE to get over the try line and then drop the ball.

[cyberbub] 03/12/2024 23:00

Kingston 12713, agreed but that's only if it can stay solvent...

[gripfit] 03/12/2024 22:04

Charts … like throwing darts with blindfold on.

[thiopia] 03/12/2024 20:52

Clueless individual tbh.

[bagpuss67] 03/12/2024 20:12

Zak Mir was on about this chart..

[thiopia] 03/12/2024 20:11

Interesting chart set up


free stock charts from uk.advfn.com

[bagpuss67] 03/12/2024 16:28

True Tom and have enough liquidity to do so..

[thiopia] 03/12/2024 15:47

Quite impressive volume

Very impressive it is rising and holding a rise in face of a large seller

[tomtrudgian] 03/12/2024 15:41

It may or may not mean that the Blake shareholding will be wholly or partially liquidated, over time or immediately, Bagpuss67. What we certainly know is that the executors of William Blake dec’d, could not have sold the shares without prior probate having being granted.

We also know the executors sold some on 2 Dec, before the extraordinary share price rise. They may well have sold more after the share price rise.

None of this matters. Either they can or cannot produce discs at a profit.

[bagpuss67] 03/12/2024 13:56

The holding rns now refers to the Estate of William Black. I hope that doesnt mean they have to liquidate their holding.

[major courtenay] 03/12/2024 13:24

I’m now in loss again on my new shares. If this does plummet, I’m going to feel a right chump - literally one of the (admittedly many) suckers in a sucker’s rally!

Time to stop looking at the share price.

[major courtenay] 03/12/2024 12:16

As ever, it’s probably a confusing mixture of the two. And skewed the wrong way. Bearing in mind the amount of money thrown at the furnace situation and indeed the whole manufacturing process, my guess is that this is finally drip-dripping through to improved yields and the bottom line. But will it be enough?

I swallowed my pride and this morning I bought back some of the shares I previously sold.

Will this transpire to be a “doh” moment?

GLA.

[soixanteneufdude] 03/12/2024 11:39

It's all total speculation at the moment, so we will see what will we see. Sadly Major, if it is advance payments (i.e. just a bandaid) then the share price will probably plummet back to the doldrums. If it's signs of profitability then 2p and beyond.

[major courtenay] 03/12/2024 11:11

No good to us if sold from administration.

If we’re relying on payments from forward sales to keep us afloat as an emergency measure now, it obviously crimps future income. Lots of unanswered questions.

[kingston78] 03/12/2024 11:03

The company's IP and technology must be worth a lot more than its current market cap.

[major courtenay] 03/12/2024 10:52

What do you base that on?

[rmart] 03/12/2024 10:49

it has 1p written all over it. The nom value is 1p so they cannot raise until it gets past that level.

IMO this will get to 1.5 area before news.

[soixanteneufdude] 03/12/2024 10:38

5p and more like the original 20p target is deffo achievable, but only if they can get to the point where production funds itself.

Think this will probably break lp this week and dance around there for while. Seems to be loads of resistance probably due to quick profit traders but good luck to them it's a good strategy, always been a keeper for me.

Having said that, still hoping the imminent news release doesn't turn out to be an anticlimax

[thiopia] 03/12/2024 09:46

In October they considered a share price of 5.00p achievable.

[thiopia] 03/12/2024 09:43

REMINDER :-

In October they issued themselves loads of options at close to 2p !



Kevin Johnson (CEO) has been awarded 16.1m Options, Isabelle Maddock (CFO) 8.8m, Stephen Easton (COO) 7.7m and the seven other senior managers a total of 18.3m. The exercise price of the Options is 1.7099 pence being the 20 business day volume weighted average price ("VWAP") up to Friday 9 August. The Options represent 3.9% of the total issued share capital of the Company.

The Options vest at the third anniversary of grant if the following conditions are met:

· EBITDA per share between 0.31 pence (10.5% of the award) and 0.46 pence (30% of the award). This is based on achieving between £4m EBITDA and £6m EBITDA in the year to 31 December 2026

· Installation of realisable £75m sales capacity (30% of the award)

· Share price above 5.0p on a VWAP basis for the 20 days prior to vesting date (20% of the award)

· A commercially confidential strategic milestone providing additional technical excellence, aimed at maintaining the Company's technical leadership in the marketplace (20% of the award)

The vesting criteria are independent of each other, albeit clearly linked if the separate criteria are to be achieved.

After exercise the participants in the LTIP will be required to maintain a level of shareholding proportional to their salary.

David Bundred (Chairman) said "The LTIP scheme rules provide for annual LTIP awards and this is the 2024 award. The vesting criteria are stretching but considered achievable. To this end it is encouraging that the increase in output, reported in the 19 July trading update, has been maintained at the end of July and early August."

[amt] 03/12/2024 09:11

Remember the Directors don't want to dilute shareholders. Maybe some advance payment from.a customer with plenty of cash. There are plenty who rate the product ad world class