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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 Shares Traded Last Trade
  0.00 0.0% 45.00 57,331 08:00:00
Bid Price Offer Price High Price Low Price Open Price
44.00 46.00 45.00 45.00 45.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 2.37 -4.58 -2.08 88
Last Trade Time Trade Type Trade Size Trade Price Currency
15:40:32 O 1,679 44.65 GBX

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DateSubject
22/5/2022
09:20
Surface Transforms Daily Update: Surface Transforms Plc is listed in the Automobiles & Parts sector of the London Stock Exchange with ticker SCE. The last closing price for Surface Transforms was 45p.
Surface Transforms Plc has a 4 week average price of 45p and a 12 week average price of 37p.
The 1 year high share price is 70p while the 1 year low share price is currently 37p.
There are currently 195,256,161 shares in issue and the average daily traded volume is 120,553 shares. The market capitalisation of Surface Transforms Plc is £87,865,272.45.
28/3/2022
18:25
tole: https://masterinvestor.co.uk/equities/taking-a-bullish-small-cap-look-at-sce-iof-and-ted/Surface Transforms (LON:SCE) – ready to accelerate awayWhen I first profiled this company, with its shares then at just 17p, I stressed that readers must take on board that they would be an extreme speculation, even so I stated that I felt a real buzz about the company.Since then, we have seen the shares break way above my first price aim and also that of the second profile objective fourteen months later.Now I would suggest that the shares are beginning to look substantially less speculative, and that they may well have another run upwards due soon.The group – the 'home of carbon ceramic brakes' – has been significantly innovative in creating its now patented materials technology for the process of producing advanced brakes.On your car you will generally have carbon ceramic discs which are produced using chopped carbon fibre. However, Surface Transforms interweaves continuous carbon fibre to form a 3D multi-directional matrix.This process creates a much stronger and very durable product that enables it to conduct three times the heat of standard production components, which keeps down the temperature of the brake system while maintaining the consistency of the performance of the brakes.The company's unique patented carbon ceramic technology helps to create the ultimate braking performance for road and track. It saves up to 70% less weight than iron brakes, improves performance in both wet and dry conditions and it is corrosion free. Their technology improves handling and driveability, gives less noise, vibration and harshness, and furthermore even from cold it gives outstanding performance.That is what excites advanced car makers to contemplate such products for their own superior special vehicles, then for their mass production line models.This group, which is the UK's only manufacturer of carbon-ceramic brake discs, there being only one other maker world-wide, is still at an early stage in its development, but very much further ahead now than when I first 'profiled' the company.Makers of racing cars, high performance cars and even mega-powered trucks are early-stage users, but also this new product can be used in rail brakes, aircraft brakes, rocket motor systems and even aerospace components and ballistics. Its potential is massive.Last Thursday the company announced that it had signed a major new contract with one of its existing customers, replacing a previous £27.5m deal declared in September 2020. The new deal is for a value of some £100m and has been extended up to 2027.This group is just beginning to run a lot faster and its potential is starting to show through, cooling down the 'speculative' flavour and replacing it with investment appeal.Analysts Raymond Greaves and Michael Clifton, at brokers finnCap, estimate sales increasing from £2.4m to £14.5m for the current year to end December 2022, with a massive reduction in losses from -£4.4m to only £0.2m down.For the next two years they see £19.9m and then £30.0m sales, with £1.1m profit in 2023 and £5.7m in 2024, worth 0.9p then 2.6p per share in earnings.They have a price objective of 69p for the shares, which closed at 55.5p on Friday night.I consider that the shares, which have been up to 80.95p, really do have very good appeal at this level, especially ahead of the announcement early next month of the 2021 final results.My view is that the shares will rise strongly over the next year, leaving the broker's estimates well behind.For anyone who might be interested the group will be holding a Capital Markets Day at their Knowsley, Liverpool premises on Wednesday 27 April.
28/3/2022
15:48
cheese666: Fillspectre - I think my mood has reflected the relatively flat response that we've seen on the board since the announcement. The contract is clearly fantastic and, as ever, it's the hinted at options on other, larger scale models, which really excites me. The share price raise was good but it wasn't great considering the £40m announcement in December and the current low share price I remain very bullish about SCE but have concerns about why we haven't moved further up. Even a doubling of the share price from Thursday would have only gotten us back to levels seen before (albeit before the 50p raising). This is all very short term but, the share price is again drifting down and it doesn't feel like an optimum place to have your money outside of contract announcements. The world is in a very difficult place and our sector has clearly been profoundly affected by this however, there is also unprecedented demand for high end vehicles in new and existing markets. I'm quite realistic about the markets and don't expect all of my investments to be winners and for every bit of news to make a difference but on this occasion I feel more is deserved and I'm left wondering why this didn't happen.
28/3/2022
10:31
sce investor: hxxps://masterinvestor.co.uk/equities/taking-a-bullish-small-cap-look-at-sce-iof-and-ted/ .................... Surface Transforms (LON:SCE) – ready to accelerate away When I first profiled this company, with its shares then at just 17p, I stressed that readers must take on board that they would be an extreme speculation, even so I stated that I felt a real buzz about the company. Since then, we have seen the shares break way above my first price aim and also that of the second profile objective fourteen months later. Now I would suggest that the shares are beginning to look substantially less speculative, and that they may well have another run upwards due soon. The group – the ‘home of carbon ceramic brakes’ – has been significantly innovative in creating its now patented materials technology for the process of producing advanced brakes. On your car you will generally have carbon ceramic discs which are produced using chopped carbon fibre. However, Surface Transforms interweaves continuous carbon fibre to form a 3D multi-directional matrix. This process creates a much stronger and very durable product that enables it to conduct three times the heat of standard production components, which keeps down the temperature of the brake system while maintaining the consistency of the performance of the brakes. The company’s unique patented carbon ceramic technology helps to create the ultimate braking performance for road and track. It saves up to 70% less weight than iron brakes, improves performance in both wet and dry conditions and it is corrosion free. Their technology improves handling and driveability, gives less noise, vibration and harshness, and furthermore even from cold it gives outstanding performance. That is what excites advanced car makers to contemplate such products for their own superior special vehicles, then for their mass production line models. This group, which is the UK’s only manufacturer of carbon-ceramic brake discs, there being only one other maker world-wide, is still at an early stage in its development, but very much further ahead now than when I first ‘profiled̵7; the company. Makers of racing cars, high performance cars and even mega-powered trucks are early-stage users, but also this new product can be used in rail brakes, aircraft brakes, rocket motor systems and even aerospace components and ballistics. Its potential is massive. Last Thursday the company announced that it had signed a major new contract with one of its existing customers, replacing a previous £27.5m deal declared in September 2020. The new deal is for a value of some £100m and has been extended up to 2027. This group is just beginning to run a lot faster and its potential is starting to show through, cooling down the ‘speculative’ flavour and replacing it with investment appeal. Analysts Raymond Greaves and Michael Clifton, at brokers finnCap, estimate sales increasing from £2.4m to £14.5m for the current year to end December 2022, with a massive reduction in losses from -£4.4m to only £0.2m down. For the next two years they see £19.9m and then £30.0m sales, with £1.1m profit in 2023 and £5.7m in 2024, worth 0.9p then 2.6p per share in earnings. They have a price objective of 69p for the shares, which closed at 55.5p on Friday night. I consider that the shares, which have been up to 80.95p, really do have very good appeal at this level, especially ahead of the announcement early next month of the 2021 final results. My view is that the shares will rise strongly over the next year, leaving the broker’s estimates well behind. For anyone who might be interested the group will be holding a Capital Markets Day at their Knowsley, Liverpool premises on Wednesday 27 April. (Profile 19.09.19 @ 17p set a Target Price of 30p*)
24/3/2022
11:14
rivaldo: Approaching £700k of shares traded so far today - there must have been a decent-sized seller or two earlier today who look like they're finally out now. I can't fathom why anyone would sell at this point. SCE raised monies at 50p fourteen months ago, so even now the share price is barely above that despite all the good news and progress since then, including contract awards from OEM8, OEM6, OEM5 and OEM10. Most here probably have an extremely good idea as to the identity of OEM8 and why demand for their cars is so large. Hopefully at some point SCE will be able to shout their name loudly in the contract RNS headlines as this would really attract huge global attention.
12/3/2022
07:41
amt: Oh yes I forgot Graham Intrigued by such large trades though and not clear if these were buys or sells. All will be revealed on Monday morning when we see the share price action. There were a lot of shares available to buy on Friday so I suspect they were buys otherwise the share price would have tanked.
10/3/2022
07:20
graham1ty: Thanks for posting that text. Despite the “penny share” headline, it is not as trashy as I thought it might be !! Obviously had no effect on the share price, but might introduce one or two more to SCe
24/1/2022
21:21
quemaster: Yes nothing personal, SCE share price tends to react more than most companies of similar market cap to any buying or selling. Picked up a some more shares in the past few days, couldn't resist the sub 50p.
16/12/2021
11:51
toffeeman: Ring ring ring ring (to the sound of Z cars) “Hi David, Kevin here – you know we agreed to release the news about the furnace at the last board meeting?” “Yes Kevin, I instructed the Nomad to prepare the RNS, the day before yesterday, why do you ask?” “Well I just had A-M on the phone and he said they are ready to sign the contract extension so I thought we could combine into one RNS” “OK Kevin - I will check with the Nomad, – I’ll call you back” 10 minutes later Ring ring ring ring (to the sound of You’ll never walk alone) “Hi Kevin, sorry they said it would be published on the 14th and if so they can’t to pull it from the system, and anyway we are doing what we agreed at the board meeting, which is the right thing to do” “Damn David, because the share price will fall on the news” “Well Kevin, if it does then that nuisance Toffeeman may get his opportunity to buy below the last raise price” “That’s true David, and when we release the subsequent news and the share price rises 25% above where he purchased he will be extremely happy, AND we will have followed due process – which is the right thing to do”. “OK Kevin, see you tomorrow and please remember that I do like musk if you are thinking of buying me a suitable present for Christmas”
05/12/2021
08:11
graham1ty: Pinkfoot, just last month 1.8m options awarded to 5 PDMRs and 29 employees ( and the FD). The existing employees all have skin in the game, and presumably a new employee like advertised above, will sooner rather than later get their own options. The performance criteria, when made public, gave quite a boost to the share price when people saw the ambition that SCE has: £20m sales £5m profit £60m installed capacity When those are reached, the share price should be much, much higher and the options holders will each have a tidy capital sum for their hard work. That will completely align them with shareholders. We just all need to be patient. Nothing has changed and since the fundraising, we have announcements on OEM10, OEM5 and revised volumes (the specifics not yet announced) from OEM8. SCE suggest full capacity of £75m might be met a year early in 2024, not 2025. What is not to like ?
08/9/2021
18:33
ps56: With one analyst raising their target share price to 85p, I believe much of the recent good news is not yet factored in to the current share price For anyone tuning in to see what SCE are looking like going forward, this RNS from 2 September bears repeating here. Absorb the full implications of their manufacturing strategy in the short term. Amazing growth potential. Note Kevin Johnson's comment in the last paragraph on their requirement for capacity. New Manufacturing Strategy Surface Transforms (AIM:SCE), manufacturers of carbon fibre reinforced ceramic brake discs, is pleased to announce that, following internal analysis and extensive discussions with its furnace supplier partners, it is updating its manufacturing strategy which will have the effect of: -- saving approximately GBP10 million in equipping the entire Knowsley factory -- increasing 2023 sales capacity by GBP15 million p.a. from GBP35 million p.a. to GBP50 million p.a. with no new capital equipment cash requirement -- reducing implementation time for equipping the entire factory by approximately 18 months -- significantly increasing capacity implementation flexibility beyond 2022 as the business grows over the next 2 to 3 years -- reducing Surface Transforms' projected carbon footprint using more environmentally friendly furnace technology By way of background, the Company has until now, had the strategy of equipping the Knowsley factory in a series of five modular, relatively independent but identical production cells, being built at one cell roughly every 18 months at a cost of approximately GBP10 million per cell. Cell One is complete. The Company raised GBP20 million in February 2021 to equip Cell Two and to provide additional working capital enabling site capacity for GBP35 million sales when complete in early 2023. Following the fund raise, the Company and its furnace supplier partners examined the options for building not just Cell Two but also ensuring that the factory will have the required level of equipment over the next few years. The Board subsequently concluded that improvements could be made to the previous manufacturing strategy, noting that: -- The primary objective remains to ultimately provide a factory with sales capacity of GBP75 million p.a. -- However, the Company will no longer build separate production cells but approach the project as a plant-wide "single production line" project -- This includes seeing the procurement of the furnaces (about two thirds of the cost and all the lead time) as being very different from that of the machine tools and other equipment -- Following advice from the furnace suppliers and internal evaluation the Company will now procure a smaller number of larger furnaces to support the sales capacity target for the Knowsley factory of GBP75 million p.a. -- The immediate effect is to raise the 2023 capacity availability from the fundraising projection of GBP35 million p.a. sales to GBP50 million p.a. sales with no impact on the 2022 cash requirement -- The procurement of the other machine tools is now in "buckets" of circa GBP5 million p.a. capacity (previously circa GBP15 million p.a.) giving the Company shorter lead times and greater flexibility to deal with shorter lead time customer requests that we have seen more recently from some customers. It should also be possible to asset finance a large proportion of the machine tool purchases as the Company moves into profitability -- The nearer term additional production capacity that this new strategy provides means the Company can await contract awards before needing to buy further furnaces to increase sales from GBP50 million to GBP75 million -- During the fund raise the Company stated that it expected it would cost approximately GBP50 million to provide sales capacity of GBP75 million p.a. of which GBP10 million had been spent and the fund raise included GBP10 million for Cell Two capital equipment. This total requirement is now reduced to GBP40 million, a saving of GBP10 million -- Working capital cash needs remain unchanged. This announcement only impacts capital expenditure Upon completion of this project there will no longer be any self-contained complete production cells in Knowsley. The technologies will be grouped together, and work-in-progress will flow from one technology to the next in a lean environment. The machines in the current SVP Cell and production Cell One will be moved to the appropriate new location in the new factory layout. Kevin Johnson, CEO, commented: "At the time of the fund raising we said that we thought there could be sufficient demand to fill the Knowsley factory by 2025, albeit the sales were then, and are still now, only partially contracted. Our continuing discussions with existing and potential customers together with increasingly encouraging test results have not only lifted our confidence in this view but led us to the conclusion that we may require this capacity by 2024. This new manufacturing strategy will achieve the primary capacity objective with the added benefit of reducing overall capital expenditure. There are numerous positive cash implications, and we continue to work with our customers to convert the significant number of active projects into firm agreements to fill this capacity."
Surface Transforms share price data is direct from the London Stock Exchange
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