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
  -0.50 -1.83% 26.80 29,000 11:23:38
Bid Price Offer Price High Price Low Price Open Price
25.60 28.00 27.30 26.80 27.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 1.00 -2.98 -1.64 36
Last Trade Time Trade Type Trade Size Trade Price Currency
11:23:30 O 5,000 26.00 GBX

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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 27.30p.
Surface Transforms Plc has a 4 week average price of 18.50p and a 12 week average price of 18.50p.
The 1 year high share price is 29p while the 1 year low share price is currently 8.50p.
There are currently 136,041,016 shares in issue and the average daily traded volume is 87,380 shares. The market capitalisation of Surface Transforms Plc is £36,458,992.29.
fillspectre: I can't think I am alone in looking forward to the week ahead w.r.t. a possible further upward share price movement in SCE. Does a new high in the modern era beckon? However an upward price move unprompted by an RNS on thin volumes I have seen before - and I have seen a retreat occur just as rapidly on equally thin volumes. Still I am more optimistic and hopeful than I ever have been that it could be different this time. Perhaps the market has noted that long term shareholders swept in to hoover up sub-24p shares following the recent "anodyne" RNS. A floor seems to have gone in under the price with many posters writing of their frustrations of not buying further shares or being beaten to it. Or perhaps it is a delayed reaction to the PR exercises undertaken by SCE Management in Q4 last year. Fils PS I hesitate to use the adjective "spawny" for such an esteemed share picker and commentator as Rivaldo - but he may well have been just that in buying shares sub-20p following the recent RNS. I raise a glass and toast to Rivaldo hopefully having the honour of purchasing the last ever available sub-20p SCE shares available on the open market!
rivaldo: Very amusing - some shares suddenly became available, they were snapped up, the share price rose and now you can only buy a maximum 100 shares again online!
rivaldo: You have to laugh - as you say GrahamITY, the MMs have just automatically picked up on the cash-related miss and slashed the price. Meanwhile in the real world, I managed to top up with a few more at 19.9p (the highest I've ever paid). Now you cannot buy a single share online in dummy trades! There is absolutely no stock available to buy. So the share price should recover pretty quickly from this artificial knockback on any demand at all for the shares.
pugugly: 1st a big thanks to longshanks for the updates to the header - apologies if I am a bit behind the times "2nd Best wishes to all the team at SCE and shareholders for a successful and profitable New Year. 3rd - Possible clouds on the horizon for OEM6 (if I have got my oem's correct) "One of the biggest stock market flops in living memory' Aston Martin's shares are now worth 76% less than they were when the luxury car-maker floated in London in October 2018. "Aston Martin has been one of the biggest flops on the stock market in living memory," says Russ Mould, investment director at AJ Bell. Today's profit warning by the company - which has sent its share price down 12.3% to 456.4p - is just the latest downgrade. Last July, Aston Martin cut the forecast for wholesale volumes and profit margins, and reduced forecast again in November. Summing up the past year, Aston Martin's chief executive Andy Palmer said: ""From a trading perspective, 2019 has been a very disappointing year."
rivaldo: Happy New Year to all here. We've had the first game changer contract for SCE this year, but 2020 could well be the game changer year for the company in terms of the share price. Once further news flow is out there and the market cottons on to the upside potential, things should start to get interesting.
graham1ty: Brucie, yr two questions. Re funding, there have been rumours that SCE are active on the IR front as another fundraising is coming. David knocked that straight on the head. They raised money earlier this year. They have a contracted ( note contracted, not forecast) pathway to cash neutral then profitability. They do not need another fundraise. They are doing the rounds because there is a story to tell !!! Three game changing RNS over the summer ! Before then, it could have been just blue sky, but they have won over OEM5, a household name. They alone could keep SCE busy for years. One caveat of course: if another OEM was announced immediately and another production cell was needed, then they might need more capital. But, by then they would be raising money in the 50s+ However, with the lead times for SOP, the position might be so good that Cell 2 will be paid for from cash flow in the future. So, never say never. One other point though, the raises over the last five years have been done at ever increasing prices: 8p, 13p, 15.5p so every placee in the last 15 years is in the money. How often can you say that about blue sky stocks, where you enter a death spiral of ever lower prices ? Yr other question about the pipeline. I think the Company has visibility towards the £50m number. This is not yet contracted, but they can see where it could come from. If everything fell into place, that kind of number would not be unreasonable. At the moment there is nothing in the forecasts for OEM3. I suspect they are part of the £50m aspiration. It is a very large market, expanding all the time, with room for Brembo and SCE. It is a very exciting time for SCE and I am very surprised the share price has not done better
fillspectre: Graham I was going to specifically ask if they, SCE Management, were asked about potential fund raises. They obviously were. Perhaps this is the reason the share price hasn't reacted more - SCE does have a history of fund raises - some of them have been carried out suddenly as well. I share SCE Management's disappointment and frustration but Q1 2020 could be different altogether - patience has thus far been a very necessary characteristic of SCE shareholders. SCE are also doing something with Shares magazine before year end. Fils
fillspectre: Oh great Longshanks "Market is looking as tight as it did when the share price last surged. Very well bid, but can’t buy any. Hold on to the railings, we could be about to become airborne.". An uncharacteristically share price dominated post by you I think but I was going to post a similar message myself. I tentatively tried to buy some this afternoon - got all the way down to £500s worth and still it wanted to go to a negotiated trade. The share volume is neglible and still sellers are not appearing at 22p. The reveal that Richard Sneller has still been accumulating is great news. Rest of the week may bring with it more great news. I'm still all in here. And we edge steadily closer to the 30th October factory visit combined AGM. September is traditionally a poor performing month in the stock market calendar apparently - but we only have one more working week after this one. October could be a different month altogether. Fils
fillspectre: Longshanks - 30p per share would give a market capitalisation of around £41 million. Not excessive in my view given this business is currently selling product and has significant physical assets i.e. the factory - as well as Industrial know how, plus forward contracts and other customers being seriously courted. With contract awards and greater visibility of revenues would you see Management choosing to take on some short term debt to cover any short term cash shortfalls as opposed to an equity raise anyway? Additionally there are plenty of share options available to be exercised below the current share price. It would be great to see a universal vote of confidence in the business by the significant taking up of share options well before the expiry dates by Directors, PDMRs and employees which resulted in no further need for equity fund raises and hence prevented further dilution of existing shareholders (assuming that existing share options are highly likely to be eventually exercised when the current share prices is above the option price - so that dilution is already pretty much guaranteed). Employees only have a time based criteria applied to the vesting of their share options. Fils PS. Do you foresee a gentle drift upwards on the share price over August?
fillspectre: Well I got my desired 500K + trading volume yesterday. I think it might be a one off this week. Still happy to see SCE share price settle at something over 20p. We are still not two weeks out from the contract announcement RNS. Fils
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