theprior
18 Feb 2016
RNS Grant and new factory Exciting news, Liverpool and Knowsley have paid us to move into their area. Heads of Terms signed for a new factory with plenty of space to take our upcoming projects.Moving into first phase in September.The game is beginning to change !!TP
gretel
05 Feb 2016
SCE as potential "ten-bagger" Nice article on Investors' Champion:[link] Transforms - Interim ResultsPosted 03/02/16 ​AimZine Microcap Comment The financial results from Surface Transforms were as expected but there was further information released on the “game changing” contracts. If all were to go to plan these contracts have the potential to lead to a ten fold increase in revenues. Surface Transforms [link] Surface Transforms today (Wednesday, 3rd February) issued its Interim Results for the six months to 30 November 2015. The Company reported that turnover increased to £782k (2014: £623k) and that the after tax loss for the period had reduced to £124k (2014: £254k). Part of the improved performance was due to a catch up in sales following a furnace break down in May 2015. Cash was reported at £525k which was down from £829k at the 31 May 2015 year end. However, the Company expects that reported net current assets will convert to cash over the next few months. Chairman, David Bundred commented that the Company was close to operating cash break-even in the first half. The main feature of the results RNS was the detailed breakdown of the Company’s “game changing” projects - see full details in the RNS here. Six contracts were reported on - one aerospace, two German automotive OEMs and three British automotive OEMs. Revenues from these contracts are expected to build from 2018 with the potential to grow by 2020 to over £15 million per annum. In order to cope with the increased capacity requirements Surface Transforms plans to expand its operations into a new site. The Company reported good recent progress on grant discussions with local authorities to assist with this move. Also, negotiations with a land owner on rental terms for a new site were reported to be progressing. Further announcements regarding the grant and the new site are expected in the “very near future”. The Chairman concluded his results statement with this optimistic paragraph on the outlook for Surface Transforms: “The Board has been able to provide greater detail on the game changing contracts, reflecting the increasing confidence of the Board in the outcome of the customer testing programmes. The testing is going well and the customers are being supportive, all of which provides the Board with an increased confidence of being able to announce automotive contract awards during this year.” AimZine Comment In August 2013 AimZine highlighted Surface Transforms as a potential “Ten Bagger”. Since that time the Company has made steady progress with its “game changer” projects and it hopes to formally announce at least one of the Automotive contracts in this calendar year. Whilst there will be risks of delay or cancellation for each of the six contracts referred to in the results there now looks a fairly good chance that some of these key contracts are going to be secured. Given that Surface Transforms has reached cash-flow break even on an annual revenue of just £1.5 million, a “game changer” or two worth in excess of £4 million per annum each could provide a tremendous boost to this small AIM Company."
theprior
05 Feb 2016
Re: News : Porsche accreditation Nice to see the range of vehicles approved for ST products continues to grow.Regards, TP
gretel
04 Feb 2016
News : Porsche accreditation News from SCE as follows:[link] Porsche 997 Kits achieve ECE R90 accreditation, become road legal in GermanyFollowing extensive independent testing, ST's kits for the Porsche 997 have achieved the internationally recognised ECE R90 accreditation, confirming that ST's kits for the Porsche 997 are appropriate replacements for the Original Equipment Manufacturer Porsche 997 brake discs.Following extensive independent testing, ST's kits for the Porsche 997 have achieved the internationally recognised ECE R90 accreditation, confirming that ST's kits for the Porsche 997 are safe and appropriate replacements for the Original Equipment Manufacturer Porsche 997 brake discs.The ECE R90 accreditation is designed to ensure that after-market replacement brake discs are suitable replacements for Original Equipment Manufacturer brake discs. While ST's own testing and feedback from ST customers has confirmed the enhanced properties of our brake discs over Original Equipment Manufacturer and competitor products, the ECE R90 accreditation confirms their performance independently as well as covering the TÜV testing requirement for use on German roads - our Porsche 997 kits are now road-legal in Germany.The R90 accreditation numbers are:E4-90R-02C-0706/2542 - FrontE4-90R-02C-0707/2542 - RearPorsche 997 kits for cars with 18" front wheels are not covered by the ECE R90 accreditation. Surface Transforms has plans to certify other kits in future."
theprior
04 Feb 2016
Re: Excellent results today Agreed CaC, as I said in my earlier post, 2018/2019 are lining up to be the transformational years for this company.So I'm planning to build up my stake as sp and cash availability allow. We've still got time to accumulate further before the big institutions become eligible to pile in. (I hope)Regards, TP
coldascheese
03 Feb 2016
Re: Excellent results today All sounds very good and on track,however profits would seem to be a couple of years away as they will have to build new factory with associated costs and disruption to be able to manufacture at required rate. Also as they have advised have still to get costs down to an acceptable level.So good news for the future but not for quite some time to come in my view.
gretel
03 Feb 2016
Excellent results today Excellent results and very informative narrative today. Assuming management continue to perform and final funding is delivered then it's easily possible to see SCE as a multibagger from here as amt says.Great to see SCE at almost EBITDA breakeven now, with an equally good H2 in prospect. Around £17m of annual sales in prospect from the 5 OEM contracts/discussions in progress alone, plus £1.3m from aerospace. Some will inevitably be delayed or fall by the wayside, but there's more than enough here to be happy with.British OEM One sounds particularly promising, plus the conclusion "which provides the Board with an increased confidence of being able to announce automotive contract awards during this year".
theprior
03 Feb 2016
Below the radar ? It's clear we remain below the radar despite today's encouraging results, with only 4 trades so far today (and one of those was mine)All buys, by the way !Being a small cap on AIM has it's upside, I suppose, because we can still get in cheap on this cracking little company (sorry, bad choice of words, the product obviously doesn't crack ! )Looking forward to solid gains as the ST brand gains traction in the OEM arena.Regards, TP
theprior
03 Feb 2016
Half year results Now, that's a fantastic improvement.And the future "game changers" look to be on course.2018 & 2019 look to be transformational for the company.Buy on dips (if there are any!)TP
theprior
25 Jan 2016
Re: Brief presentation notes Thanks, G, for the feedback. I was just wondering, the other day if you'd managed to get there. All positive stuff, but as with anything in the mass production business, it takes time to bring about major changes in a company's thinking.Still the best long term investment around !!Regards, TP
gretel
25 Jan 2016
Brief presentation notes Nice start to the week.I was at the presentation too last week and continue to be impressed and optimistic.It's worth remembering that SCE now have 5 active OEM programmes at present - and have been specified for a particular car/OEM model, with approvals being completed and with actual production in a couple of years' time. So the auto programme really is looking like it will happen, with patience and decent execution by management.SCE are also working on other aircraft models, including a next generation helicopter for the US military, and any such programmes would last 20-30 years.
gretel
14 Jan 2016
New Hardman note A reminder that SCE are presenting next Wednesday at Smartco Select.There's a new 4 page Hardman note out on SCE:[link] hope these headlines come about...."Near term, ‘game changer’ contracts being discussed – c £10mpa salesSurface Transforms’ longer term potential on one ‘mainstream’ contract would be £50m sales on 50% gross margins"
theprior
02 Jan 2016
Re: AN UPDATE AND WHAT A YEAR I'm staying here SP. Lots more upside to come in the form of news due in the first Quarter and beyond !Maybe an exit in a couple of years if the news looks like drying up (though it probably won't !!)HNY, TP
swisspaul
02 Jan 2016
AN UPDATE AND WHAT A YEAR Hi Allas you my be aware I entered SCE in a share comp this year - and thanks to those good folks at SCE - I came in fourth :867.5% thegreatgeraldo LON PANR Pantheon Resources Plc 16.01 154.90147.5% fingalty LON STY Styles and Wood Group Plc Y 83.00 205.40142.9% sladdjo LON MWE MTI Wireless Edge Limited 8.50 20.6585.9% swiss8043 LON SCE Surface Transforms plc Y 11.56 21.50I still think their is more to go on this yet. Now do I keep the same entry - or look to another share. All suggestions (nice ones please) gratefully accepted.regards and A Happy and Prosperous New Year to all - especially the team at SCE!
theprior
18 Dec 2015
Re: New presentation in London That's great news. It's not so hot here in Italy, 9 degrees here midday vs 17 in London, brrrr.Would welcome feedback if you make it, Gretel.Good luck and Happy Christmas.TP
