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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.20 | 9.00 | 9.40 | 9.20 | 9.20 | 9.20 | 421,557 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 5.12M | -4.78M | -0.0198 | -4.65 | 22.24M |
Date | Subject | Author | Discuss |
---|---|---|---|
28/2/2019 19:47 | Yikes Fils - you put a curse on that one: Anyway can't help but notice the Aston Martin share price was one of the biggest risers today and they will be announcing their results on Thursday. Aston Martin shares dive by 18% on losses | swiss paul | |
27/2/2019 22:53 | Longshanks collectively you and I both called it wrong last year regards the track car - remember our little wager! Also last year David Bundred did tell us in an RNS that OEM3 and 5 product testing would both be complete by the end of 2018 - so that was a firm communicated date that came and went. I have sort of retreated from this board following the advice of another poster that it may be better to forget about SCE for a while and hope that when you look again a few years later they have finally come good or should I say that their strategic plan has paid off. To be fair to SCE they have often stated clearly that it is the timing of receipt of volume OEM orders which is the business' biggest risk and to some extent this is out of their control. If we assume that a share price mispricing rarely happens then either a) the confidence level for receipt of an OEM order by May 2019 isn't high or b) it is high but very few people know this and they either can't or won't buy shares. You would think that if an OEM order is imminent then some inevitable leakage of the news is impossible to avoid and we will see buying increase ahead of the official announcement. Currently the liquidity of this share is so poor it would only take a few brave PIs chancing their arm to make it look like someone knows something. It could just be that the discretion and secrecy surrounding an imminent contract is so tight that it really does come like a bolt out of the blue. In the meantime I have got quite a few other points I think are worth discussing generally on this board in lieu of other news. I'll do this in a later post. Fils. Oh as a postnote - I have in my mind the airframe contract could come in Jan 2020 - do you concur with this view? | fillspectre | |
27/2/2019 13:11 | Within the FinnCap note, they comment on the OEM3 testing which tallies with the nuance that you picked up on fillspectre."The difficult rig tests with OEM3 appear to be a significant step closer to conclusion as SCE have now found a technical solution to reduce conformance variability. We now feel it is realistic to expect this hurdle cleared in the next few months." | longshanks | |
27/2/2019 13:06 | ST have put a link to the FinnCap research note on their website.You need to register - but that is easy enough.Nothing in it that we are unaware of but it is interesting to see they forecast revenue of £2.1m through to May 2019. With no warnings emerging to have that forecast reappraised, it would seem that ST is very much on course to become cash flow positive within the calendar year. | longshanks | |
26/2/2019 23:19 | I have not posted on this board for a while however my holding position in SCE has not changed. Is anyone reading the same thing as me in one of the paragraphs of the summary of today's RNS? "The task in the remainder of the financial year is to turn this progress on testing into firm orders. The Board remains confident of delivering this objective." Could this mean the hope is of one firm OEM order before the end of May '19? Would tie in nicely with the finalisation of OEM cell 1! I was expecting this RNS to be more of the same - portraying slow but steady progress on OEM testing and everything else - a slightly muted and depressing read leading some to cry "jam tomorrow!" - but I find myself sensing a little more positivity and adherence to a timetable being communicated in this RNS than past ones. I have always thought that David Bundred is ensuring that Surface Transforms respects the OEMs need for discretion and by this careful adherence to the rules of courting within the automotive industry is giving SCE the greatest assurance of eventually winning these contracts. This is why the reading of the RNS announcements is generally frustrating. Anyway can't help but notice the Aston Martin share price was one of the biggest risers today and they will be announcing their results on Thursday. Fils | fillspectre | |
26/2/2019 08:31 | Interesting to note too that they are looking to transfer the last furnace after manufacturing disks for the AM Valkyrie.That would imply the discussions with AM on "ameliorating" the costs of the delay are fairly active and may well improve cash flow over the coming year. | longshanks | |
26/2/2019 08:14 | FinnCap note is positive this morning. On the crucial cash question, the note suggests comfortable £1.1m cash at the year end. Two factors help: a £500,000 R&D tax credit due soon and that inventory is unusually high as SCE changed supplier for a component, and is holding higher inventory ahead of the hoped for ramp up in production. Once an OEM contract is announced, raising money will be no problem. And FinnCap think SCE have got the cash to get to that point | graham1ty | |
26/2/2019 07:40 | As has been the case for five years......we just need a large OEM order signed...... | graham1ty | |
26/2/2019 07:23 | I concur with your assessment pug.Cash looks tight but manageable in the short term. My feeling is that the minute they secure a sizeable OEM contract, they will raise funds.No mention on any new OEM opportunities either. I was hoping for an update on the US OEM hinted at during the AGM. | longshanks | |
26/2/2019 07:17 | Stale bread and water or scones jam and cream - The ball is still very much up in the air "The Company reaches cash break even when OEM 6 enters production in the financial year 2019-20. Thereafter the outlook is clearly dependent upon winning the expected OEM contracts described above which are scheduled for start of volume production in the 2021 to 2022 calendar years. The Board remains optimistic about being awarded these potential contracts." A lot of progress but cash looks short - If all OEM contacts and aircraft brakes gained then significant share price growth and possibly further cash raise needed to fund extra production BUT if none come through then another survival transfusion likely (IMO) but on the whole encouraging but cautious. | pugugly | |
26/2/2019 07:11 | Operationally the results read very well. Slight concern about a cash crunch coming before OEM6 revenues start. I think I am happy with those | graham1ty | |
20/2/2019 12:53 | Geneva motor show starts on March 7th.It looks like AM are looking to launch the "RB003" follow-up to the Valkyrie at this event.hTTps://www.au | longshanks | |
18/2/2019 08:56 | Thanks for that info Quemaster.Here is a relevant link:hTTps://www.goo | longshanks | |
18/2/2019 06:44 | In Thailand at the moment and I'm rubbish at copying links unless at home in front of my computer, but just noticed an article about Koeningsegg and Saab successor NEVS teaming up. Maybe the reason for recent buying? | quemaster | |
15/2/2019 08:46 | No. The buy trade was reported as of yesterday - if it had been from Monday it wouldn't have been included in yesterday's volumes. And also it's incredibly unlikely it was from Monday as the share price fell that day! | rivaldo | |
14/2/2019 17:45 | But that's not the reality Riv. When the investor buys and when it's reported can be a long time apart - I reckon the trade at 17.99 was from Monday. | toffeeman | |
14/2/2019 16:12 | It seems meaningful to me that someone's prepared to pay well above what's being offered on their screen to obtain 100,000 shares. | rivaldo | |
14/2/2019 14:01 | Surely the bid and offer prices are meaningless as we only ever O trade - they only matter for ATs | toffeeman | |
14/2/2019 12:45 | Hmmm...rising on a reasonably meaty 305,000 shares traded so far today is interesting. EDIT - I note one 100,000 buy was at 17.99p, well above the 17.5p offer price. | rivaldo | |
05/2/2019 09:59 | I agree LS - I think if we can see selling at 18 while the price holds, then that is the first real positive signal. | toffeeman | |
05/2/2019 08:03 | I wouldn't read anything into it G1TY.Market has pushed the price up on a few trades, whilst fishing for sellers.17p seems to be a strong resistance point. | longshanks | |
04/2/2019 08:56 | Another small buy. In the absence of a tip, and no news yet, I am surprised that there is much trade ? | graham1ty | |
02/2/2019 09:55 | Well I'm not buying any more just yet but a close above 18 will be positive from the 200MA and the chart perspective. | toffeeman | |
01/2/2019 19:22 | Or a few of them ;) | longshanks | |
01/2/2019 19:17 | An OEM contract is what's needed. | regandharry5 |
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