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SCE Surface Transforms Plc

3.05
-0.20 (-6.15%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Surface Transforms Plc LSE:SCE London Ordinary Share GB0002892528 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20 -6.15% 3.05 1,578,276 11:05:23
Bid Price Offer Price High Price Low Price Open Price
3.00 3.10 3.25 3.05 3.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 5.12M -4.78M -0.0198 -1.54 7.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:02:52 O 500 3.04 GBX

Surface Transforms (SCE) Latest News

Surface Transforms (SCE) Discussions and Chat

Surface Transforms (SCE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:02:533.0450015.20O
14:44:253.0211,976361.08O
14:12:023.096,482199.97O
14:06:363.0525,000762.50O
14:00:303.02250,0007,545.83O

Surface Transforms (SCE) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Surface Transforms Daily Update
Surface Transforms Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker SCE. The last closing price for Surface Transforms was 3.25p.
Surface Transforms currently has 241,733,233 shares in issue. The market capitalisation of Surface Transforms is £7,372,864.
Surface Transforms has a price to earnings ratio (PE ratio) of -1.54.
This morning SCE shares opened at 3.25p
Posted at 09/4/2024 08:18 by bones698
OK what price the raise and how much for?
10m at 5p looks about as good as they might get in this market. That will keep the share price pinned down here for awhile then there is will they hit 23m or not. You would be a brave person to say they will atm. So where will the share price go then. Plenty of time to watch here as can't see the trend changing anytime soon
Needs a complete shake up of the Bod. Someone with a good track record of sorting out issues and far better cash control
Posted at 26/3/2024 10:41 by damayhill
Hi swiss paul, I have no issue with strength and divergence of opinion, what I am bemoaning is the irrationality. I think it's reasonable to expect considered investors to be objective and rational.

In fact I would welcome some counter-arguments that ARE actually founded in rationality. At the moment we effectively have two strands of argument on the negative side of things. 1) Management are useless and Bundred and Johnson must go. 2) We've seen no news or share price action since the January TU and therefore what's about to come must also be bad. I don't follow any logic on either of those arguments.

There are some contributors on here who are so downbeat and seem to be certain that more bad news is on the way. In what way is it rational for those people to continue to hold? If they honestly believe that this is heading further south, I would encourage them to sell. It will have negligible if any impact on share price.
Posted at 26/3/2024 09:33 by swiss paul
Emotionl wrecks = fellow shareholders / investors who are holding and supporting your share price, Otherwise they would sell and drive down your share price and dilute your wealth.

As my old boss used to say let them complain its a way fo them to let off steam.

Edit - Rotherham is not Liverpool Lord Mayor he covers all of Merseyside - but he is still a a waste of space
Posted at 25/3/2024 19:58 by damayhill
bones, you're absolutely right about the echo chamber. The company reports on trading quarterly. We can pretty much pinpoint the dates. Yet there are people on here bemoaning the lack of news and share price action as though there was any reason to expect either. I'm not overjoyed with where the share price is but the share price has been exactly where I (and others should have) expected it to be for the past two and a half months, bouncing around within an established range. Why would it be otherwise?

I would ask some on here, if you are sent an invite for a party to start at 7pm, would you turn up at 3pm, 4pm, 5pm and bemoan the fact that there's no party? Because that's what you're doing. You want there to be news and share price action and you're frustrated there is none. But that doesn't mean you have any right or reason to expect any until the trading update in April and even then you may not see much if the numbers are equivocal. The only other potential news this quarter was a further contract announcement and as I've said before, if it came before the TU, it would likely have no impact either. I'm glad it hasn't come yet.

It's a couple of weeks until the TU and we'll be able to assess progress then. I'm certainly not waiting for a 'flowery, hopeful RNS'. I'm looking for one number - what revenue has been achieved in Q1? Why? Because I'm an investor. I've set out on here more than once some very specific financial ranges and what I believe they would indicate. Why? Because I'm an investor. Once the TU drops, for those who are interested I will set out my objective thoughts on here and will enjoy reading the thoughts of one or two other contributors (yourself included, bones). Why? Because I'm an investor. I'd love to hear from more investors on here and less from the emotional wrecks!
Posted at 07/3/2024 12:44 by fillspectre
Much as I would like to be optimistic I am not getting a good feeling that the April TU is going to lift the share price much. I would have thought that if January and February production figures had been higher than expected that this share price would have already started moving North. Just an opinion. Fils.
Posted at 13/2/2024 11:00 by fevertreeman
And at this point, one would expect that Bundred, Johnson, Maddock,and the NEDs would make su=ome directors purchases. But, no, I've forgotten, why would Johnson or Maddocks buy any when they have been gifted a tonne of free share options. Exec teams on AIM are laughing and s/holders suffer, as if the options never vest and share price is below strike price, chances are they get repriced. If the share price motors above share price happy days. Basically win-win for likes of Johnson & Maddocks.
Posted at 11/2/2024 03:01 by bones698
Some good posts food to see some debate and not the usual one sided case as happens quite often .
There is a lack of clarity from management here on the issues and the steps taken and if they have been resolved or not . Communication is abysmal is an understatement even the website is very uncooperative for investors and investor relations .
Not for the first time I have seen technical people running a company and taken the science upto the point of commercialisation only for things to go badly wrong when they approach the real world and manufacturing .

The comment from an ex employee wether true or not certainly points to issues along these very lines and from the performance rings quite true .

I also note pinkfoot sudden Absence although I'm sure he's still reading the thread is probably decided to take a step back as his comments haven't been reflected in the shareprice and performance of the management team here .

I await the revenue figures in a few months time which I think will be quite low as it will be later this year the new furnaces come into effect . In Nov and Dec they were at 1.15m per month so will be interesting to see where they are at now and if any more info is given out on production issues being resolved . Even if they are at this stage it doesn't mean the new furnaces will come online and operate effectively straight away later this year though .

If they have managed to increase output slightly to 1.3-1.4m it would be a good start at least .

I don't share the view and ii is selling from watching the trades and how they operate it doesn't appear to be the case .

The cash position is still a major concern for me having blown around 7m in a few months . Whilst some was expected this figure seems very high and left only 5m in the bank as of last statement .

It also brings in another possible concern that the next results might not get signed off given the losses and remaining cash . As some will be aware to continue on a going concern basis they need to show they can continue for 12 months for them to get signed off .

For me I can see another fund raise coming and that why the share price continues to drop m if this is the case I expect to see the drop accelerate when they approach the city and word gets out .

There was comment of another deal being announced which might lift the share price but given the order book size already the market isn't attaching much value to this so maybe a muted response even to that .

The focus is now on can they deliver on revenues and break even before cash runs out . Until a clearer picture happens a cash call is a big concern imo
Posted at 16/1/2024 10:06 by damayhill
swiss paul, I take your point but I prefer to look at the overall shape of the company. In late 21, the share price equated to a c.£90M market cap. With the dilutions since (at least one of which was inevitable in order to fund capacity growth), a share price of 60p equates to a market cap of £211M and all the things that indicates.

With respect, if you are looking for a linear trajectory on share price and no dilution, then maybe stay away from small-cap, pre-profit growth shares on AIM! The management can be accountable for performance but they can't be accountable for what share price people choose to buy at. Eyes wide open.
Posted at 08/1/2024 23:31 by bones698
Not disagreeing bagpuss just find broker notes are pretty unreliable and are based on a almost perfect scenario . Tbh if sce did have a perfect scenario I'd expect a higher share price down the line .
Given the last year I think a perfect scenario is far from a given . Funny how agl and sce have followed similar trajectories with very different business models though .
I have watched both for a long time so know them well . Mistakes have been made and now it's how well they'recover and learn from them . I still feel another not nice surprise is due here though but longer term as long as they can deliver on time the prospects look sound . Having said that people have said that at various times over the years and the share price is near lows so I'll keep my powder dry a while longer here I think

The chart isn't looking very appealing and a big turning point looks a while away yet . I have a sneaky feeling another TU might come in the coming months with news not as promising as hoped but that's just my feeling for now. .
Posted at 08/1/2024 16:00 by bones698
Loads of cash ? 6m is not a load of cash given the burn rate . Yes that might improve but it's not loads of cash .

The 300k revenue miss whilst doesn't look massive could have been very detrimental to the share price ,I have seen similar figures result in. 50% drop in share price . It's not so much about the amount it's the failure to meet expectations . The only reason this hasn't dropped more today is the pending contract news that was thrown in to counter that imo . 300k buys v 4.4m sells approx

It may seem to cheap yourself with a higher average price but I don't see it as cheap until they can prove they can deliver .

As a holder your judgement is clouded m that's not a dig but I have seen similar comments many times from holders of shares only to see those shareprices collapse . So forgive me if I don't share your optimism quite yet .

A lot of shares sold today not bought shows weakness isn't over here either .
Surface Transforms share price data is direct from the London Stock Exchange

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