Market's view on Surface Transforms
Published on April 2024
- A Stock watcher suggests outlining an ID line, announcing it, and then initiating a book build, contingent upon April manufacturing improvements or at least stability, and not falling behind on revised delivery schedules.
- Another observes that there are possibilities of bankruptcy or an outside stake acquisition by companies like Brembo, which could also bring needed expertise.
- One mentions the potential for existing shareholders to be wiped out if new capital is raised under current conditions.
- Concerns are raised about the challenges of scaling production to meet commercial viability, despite having significant net assets, a substantial order book, and available cash for capacity expansion.
- The lack of investor relations or PR activities is noted, possibly affecting the company’s visibility and investment appeal.
- Discussions highlight the importance of April’s manufacturing performance and its potential impact on negotiations and delivery schedules.
- Anecdotes are shared about personal investment losses in similar situations, cautioning about the risks involved in rescue placements.
- Some express frustration over the share price decline, attributing it to ongoing financing talks and possibly negative insider perspectives.
- The absence of a competent CEO and ineffective management are pointed out as major issues needing rectification for improved company stability and shareholder confidence.