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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Surface Transforms Plc | SCE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.90 | 07:32:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.90 | 2.90 | 2.90 | 2.90 | 2.90 |
| Industry Sector |
|---|
| AUTOMOBILES & PARTS |
| Top Posts |
|---|
Posted at 25/4/2024 17:01 by bones Here's an alternative scenario (don't get all serious on me, mind!):Seeing as Musk has committed his SpaceX lot to buy 10% of FTC (via warrants on the proviso they do enough business together for products his company needs from an existing supplier), maybe he'll do something similar here. Tesla buy in for a slice of the pie (20%-29%?), sort the working capital hump out. In return, SCE "gets the bloody orders out"! I wouldn't even think this one up, but the FTC deal sparked the thought. Maybe Musk has a policy to secure his suppliers! He's a funny bloke after all, not what I call conventional... |
Posted at 25/4/2024 15:25 by geko5trade rivaldo, yes that's what I was thinking! Under most circumstances with AIM I wouldn't touch it but as you say there are those very substantial contracts and for those that say they can just go elsewhere not so easy. What makes SCE stand out is the product has gone through the most rigorous testing and approval processes so it really isn't there with most pie in the sky or jam tomorrow companies. It's what makes it so frustrating. But management could be fixed and those skills are relatively easy to buy in. Equally if the financial pathway could be made clearer and confidence restored then...The side of the business that needs sorting is doable imo and much of what has gone wrong could have been avoided. |
Posted at 25/4/2024 13:42 by rivaldo Currently you can buy 500,000 shares online at the 3p bid price!Looking on the (relatively) optimistic side, perhaps there's a fund dumping as its holding is now so immaterial. At the current £10m m/cap the risk/reward is certainly better than it's been for a long time for newbies. So it all depends on your view on that risk....or the apparently substantial rewards which could accrue if SCE ever actually get their machinery running properly and start delivering on those humungous contracts. |
Posted at 24/4/2024 20:26 by supernumerary At the risk of stating the bleeding obvious, SCE isn't going under. It has a desirable product, good customers, orders coming out of its ears, and decent margins. OK the management has been dreadful, and there remain production issues, but however damaging all that is, I can't believe it will be fatal. If the worst comes to the worst, someone will take them out. For a pittance admittedly, but then it's already at option prices, isn't it?That means that buyers now are taking a one-way bet: it might not achieve the targets long term holders were hoping for, but at least capital isn't now at risk - Rule #1! It will be interesting to see how it plays out. |
Posted at 22/4/2024 08:13 by bones698 Nope I just don't see any possible good way out of the current situation for sce. I hope I get surprised and they come up with something unexpected but everything is pointing to shareholders losing out here and a business that hasn't been kept on top of by the management. Good luck Matt. |
Posted at 21/4/2024 09:35 by bagpuss67 But certain insider shareholders maybe want to take this opportunity to grab a huge chunk of SCE just as it's poised to lift off. Clearly the board is being strongly influenced as they just issued a price crashing RNS at certain shareholders behest |
Posted at 18/3/2024 16:10 by bones Isn’t the whole idea of this capital ramp up to achieve “resilienceWhile I am sure Fevertreeman will beg to differ, I can’t believe SCE will not be prepared for the scenario of a small run trial as described by Supernumerary. Or perhaps they are at the stage where the latecomers will have to wait. Is it not the case that OEM3 and their confounded salt tests mean that, should they now want in, “it’s too late, buddy, the others got there first and we only have so much runtime!” |
Posted at 16/3/2024 02:51 by fft If Chris Rea ever writes a song about SCE I will be happy. :-)On a serious note, it appears that what you are saying is that SCE built in points of potential failure when they designed and implemented the flow system.That sounds bad. I assume, given the money involved, that someone was hired to design the production line to optimize the process, but that should have also taken into consideration the issues that could arise.I am aware that some of the processes and equipment used was leading edge (for SCE at least). However, as the RNSs emerge it would appear that nearly all the stages within a production run have issues or that is how it sounds from the limited info that has emerged from B and J. Companies either try to minimise the problems or go over the top and given BJ approach I guess that things last year were worse. In emails they were quite forthcoming about the furnace issues and the impact that was having but after that it is obvious from the positive tone in September to the downbeat tone in November (sorry guys we spent all last years fundraise and can we please have some more), that far more unspecified issues have arisen.Oh, and they have more than doubled the installed kit but target production is only up 30% for Q1. Normally, over time, installation and getting kit up and running gets quicker. That point doesn't seem to have been arrived at yet. |
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 29/11/2023 22:42 by goldman I for one understand what SCE are going though at this moment in time, it’s something akin to growing pains. Their going though a massive transformation from R&D to full scale production, that’s one heck of a step to try to achieve almost overnight. The orders have come in thick and fast and suddenly we need a full scale production plant and with the best will in the world you can’t develop that overnight, especially when no one else in the world has ever produced this particular product before, it take time and money.I can tell you that having worked in similar situations these things don’t just happen. As an example some year ago I worked for very well known company who manufactured catalysts that went into the production of anything from clean water to petroleum products, paints, agriculture, fertilisers etc not to mention playing a part in the manufacturing of Ev batteries and many other materials. Machinery was purchased that had originally been developed for the production of pharmaceuticals and then modified to suit our own needs, this could take months or even years to achieve and in some cases would be a continuous process of achieving better production from that machine or multiple machines. There is seldom an end point to improving development and production so that’s where SCE is right now, all the creases will be ironed out and a smooth production line will be created albeit over a matter of time, how long we can’t exactly say but it will happen you can be assured of that. We have orders from customers who are committed to fitting SCE components to their cars and come hell or high water I truly believe that SCE will deliver. Needless to say I’ll be taking up all my allocation plus some if funds allow. |
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