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SCE Surface Transforms Plc

3.10
-0.35 (-10.14%)
19 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
  -0.35 -10.14% 3.10 1,816,371 16:07:46
Bid Price Offer Price High Price Low Price Open Price
3.00 3.20 3.45 3.10 3.45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 5.12M -4.78M -0.0198 -1.57 7.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:53 O 20,000 3.186 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
15:20:543.1920,000637.20O
15:19:523.1830,000952.50O
15:07:303.15100,0003,150.00O
14:59:293.2020,000640.00O
14:52:313.2036,0001,152.00O

Surface Transforms (SCE) Top Chat Posts

Top Posts
Posted at 19/4/2024 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 3.45p.
Surface Transforms currently has 241,733,233 shares in issue. The market capitalisation of Surface Transforms is £7,493,730.
Surface Transforms has a price to earnings ratio (PE ratio) of -1.57.
This morning SCE shares opened at 3.45p
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 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 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 .
Posted at 22/12/2023 08:22 by bones698
Theoldcodger - I also notice the lack of update on production issues and the falling share price so agree with your thoughts . It is also what made me ask the question if sce can't manufacture enough product for its clients Inna timely manner could contracts be cancelled .
So far from what I have read nobody can answer that just comments like it's unlikely etc ,therefore I reckon the contracts will have clauses in to allow OEM's to cancel if sce fail to deliver .
At least they are funded for now but there are a lot of headwinds and concerns growing hence the share price continues to fall
Posted at 20/12/2023 09:39 by theoldcodger
Whilst the stock market surges, SCE's share price plunges back towards the recent fundraising level in spite of the successful conclusion to the loan agreement and the fundraising itself. That wouldn't normally particularly concern me as there's usually some loose stock kicking about after a rights issue together with a dearth of buyers. What does bother me though is that with Christmas approaching, the Company must now have a pretty decent idea of the likely production/sales figures for November and December and with the Company having proved reprehensibly leaky in the past, with share price movements accurately "predicting" the bad news on numerous occasions recently (or ignoring the apparent good news after the £100m contract award), my "hunch" is that the current share price is accurately foretelling that the production issues have continued and the Company is already falling behind their recent forecasts.

I'd be delighted to be proved wrong, I'm significantly overweight in SCE, however, my previous confidence in the Company has now sadly been eroded to such an extent by developments over the last few months, that I find myself no longer a confident holder.

Good luck to all that hold, let's hope that 2024 finally sees the Company breaking into profitability, TOC
Surface Transforms share price data is direct from the London Stock Exchange

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