Share Name Share Symbol Market Type Share ISIN Share Description
Surface Transforms LSE:SCE London Ordinary Share GB0002892528 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 18.00p 87,587 07:32:34
Bid Price Offer Price High Price Low Price Open Price
17.50p 18.50p 18.00p 18.00p 18.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 0.7 -2.5 -2.4 - 20.53

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DateSubject
23/6/2018
09:20
Surface Transforms Daily Update: Surface Transforms is listed in the Automobiles & Parts sector of the London Stock Exchange with ticker SCE. The last closing price for Surface Transforms was 18p.
Surface Transforms has a 4 week average price of 17.50p and a 12 week average price of 14p.
The 1 year high share price is 20p while the 1 year low share price is currently 13.38p.
There are currently 114,035,416 shares in issue and the average daily traded volume is 134,531 shares. The market capitalisation of Surface Transforms is £20,526,374.88.
14/6/2018
00:13
fillspectre: Well .... I think this trading update is slightly better than I expected although the cash position being so tight does worry me. We need to put pay to the constant threat of further undercutting share dilution .... I agree with Longshanks fine by me if they raise more money at 25p per share - the fund raises do need to be being done on an advancing share price. They would raise a bit of money if KJ and others took up available share options. Also I'm sure with near certainty on orders they could negotiate a credit facility that might give better shareholder value. Apart from the obvious disappointment with the OEM3 race car contract which seems to have fully withered on the vine - I don't think I've ever seen such a firm statement on dates for the OEM3 and OEM5 product testing. Let's face it we've only got six months for two substantive news items on product testing to come in, then they will be followed by two VDA announcements and then two product nomination announcements. If Longshanks links the product nomination announcements to international car shows and we work backwards we could from a educated basis be thinking we've got significantly less than six months. Glimmers of hope and progress on the aircraft contract offset. Aston Martin Valkyrie stays firm at Q1 2019 and the airframe contract Q1 2020. Best news of all - OEM5 may be leading by a nose over OEM3 - time for those OEMs to start letting the processes see the whip! I would still be more happy if KJ starts sending out a strong signal by taking up some options. Some expire in June, other in September and there are tranches following. I also hope KJ's remuneration package hasn't significantly increased above inflation as I feel any should reward should come on achievememt of a volume OEM contract and thereafter increasing revenues year on year. Fils
13/6/2018
08:16
longshanks: He doesn't strike me as a "speculative type". I am not bothered. We have enough fully invested non-execs overseeing the board.One thing though is that KJ hints with his reiteration that the potential market for ST is massive, that he too sees the share price as undervalued. If his confidence is so, perhaps he plans to buy stock at some point either in the market or through taking up options.
13/6/2018
05:59
longshanks: True fil, although I take some limited comfort from the trends and the fact that the 200d moving average has regained an upward trajectory.I am relatively sanguine about the share price. It is still very cheap in my opinion but whilst we are in the anteroom of positive cash flow, we can't discount there being further cash calls. As mentioned previously, I spoke to David Bundred earlier in the year and he was confident at the time that the company had enough cash to see it through to cash flow break-even.Much of that confidence must depend on securing a contract with OEM 3 in the near future. So let's see what progress has been made on the product testing.
30/5/2018
09:17
fillspectre: My hoped for new era of daily share volumes of 250K+ haven't materialised. No reasons yet for any of the slight upward trend in share price. We need some positive news - fingers crossed the year end trading update is a fortnight away. I still feel that it is going to be a long dry summer in more ways than one. Fils
24/5/2018
07:35
longshanks: My feeling is that there is something behind the recent strength in the share price. I am not sure if anyone else noticed the strong liquidity yesterday. Not only could you buy up to 50k shares without a NT, but you could sell 75k without a NT. Furthermore, you could sell up to 20k shares at the full offer price (18p)!! To be so well bid indicates to me that the market is either looking to fill an order, or are preparing for an anticipated increase in demand.It could just be a "recovery bounce" before results such that a disappointing trading update (or at least one that doesn't merit the bounce) leads to a decline back to 15p, however my belief is that the bounce is based on unfolding near-term events that will be value enhancing.I agree though fils, that irrespective of what happens in the next three to six months, the most exciting period of activity will be in around 12 months time when we start seeing the full OEM cell 1 production process in operation.
14/5/2018
23:24
fillspectre: Read last week that BMW want to enter the luxury SUV market. Ok so BMW may use the competitors carbon ceramic discs but it is good news for SCE if big heavy SUVs are a growing market sector and what better proof have we than that of others joining the market. These sort of vehicles could potentially save 100Kg if carbon ceramic discs are designed in from the start. I hold onto Kevin's words - it is not a zero sum game - except it is if you never win any orders. Now is this a negative or positive post? What possible effect could it have on the share price tomorrow. Graham1TY we are only a month from an update even if nothing comes in - in between. Fils
02/5/2018
23:30
fillspectre: All in all Longshanks we should speculate a plenty on this board as this is what it is there for. We also criticise and trade views in general. Anything but see the board moribund and silent. Rising interest on a board can cause in itself a change in the share price and why not. Everyone knows caveat emptor applies to shares. If speculation on the board sends newbies into SCE research I'd like to speculate that for a number of them their research leads them to conclude now might be the most optimum time in SCE's history to start building a stake. At 17p / share you are only just above the last placing price albeit without the benefit of EIS. What other speculation gems have you up your sleeve? Fils
17/4/2018
00:01
fillspectre: Longshanks - in your post of the 13th April - are you suggesting a further share price fall in July should the OEM3 nomination move back to a later model and hence DB could have transferred more SCE shares into his ISA? Or rather he could have reserved his ISA allowance for other things? I think DB will have more disappointment that the timetable outlined for SCE was not moving to plan. I'm by no means certain we will have an OEM3 confirmed order by June. Interesting you mention SOP for OEM5. In my mind the race between OEM5 and OEM3 seemed to have recently dissipated. It really would be good news for SCE to have two OEMs vying for the capacity available. Regards OEM3 product testing - the conclusion of this must surely be co-incident with the final commissioning of the OEM cell 1. Which will also be co-incident with VDA 6.3. I rather think we need to hear more news about the commissioning of OEM cell 1 before we hear anything of OEM3 product testing and the VDA 6.3 audit being completed.
23/11/2017
22:31
fillspectre: Sate_uk - with the sentiments you have expressed below I sense you have been a very long term investor just like I have. Following this Company has taught me many things - I just wasn't asking myself the right questions to begin with. I did actually visit the Company when it was based at the Stanlow refinery complex because I used to pass it on my daily commute. Back then there was talk of rocket components and train brakes as well as car brakes. I'd have to consult the records but I'm thinking when I first got involved the total shares issued numbered comfortably less than twenty million. Fast forward a few years and I attended an investor day in April 2014 at Ellesmere Port. There were only nine attendees, two of whom were from Cantor Fitzgerald and a third guy who represented people in the City. David Bundred stated at that meeting that he was yet to regard Surface Transforms as a "quality Company". I came away from that meeting believing without question that David Bundred was doing absolutely the right thing in focusing the Company on car brakes. I also appreciated his statement about Surface Transforms not yet being a "quality Company" - I could see for myself the essential core of the business processes were established but that there was plenty of room for improvement. The new Knowsley facility will be a quantum leap forward. I do share a concern though about a future dilution but David Bundred has stated that ST are still confident in their numbers until they get to the cash break even point. I also, like you, think this Company is perennially undervalued and that you could never accuse ST Management of talking up the share price. I have watched some Companies in AIM put out RNS announcements that contain positive statements but not necessarily news about booked contracts and the price takes off. These very often loss making Companies go on then to have a fund raise capitalising on the recently bouyant share price. One could say who can blame them! Shareholders in ST are at least getting a part share in a factory that is turning out a quality product to some well respected names in the Car Industry. Physical assets exist in Knowsley. I also hang onto Kevin's comment at the 2016 AGM about the market for Carbon ceramic disc brakes not being a zero sum game - to gain a market share does not necessarily mean stealing clients from a competitor. If it helps you Sate_uk I too am choosing to keep the faith. FS
23/11/2017
10:40
sate_uk: My issue with all of this is that the long term shareholders who have been supporting the company for so long to keep the company running by providing its working capital and capital expenditure can see the long term potential but I don't think the share price adequately reflects this view. I can understand that the price is continuously eroded by the additional issue of shares but the perceived value should still be reflected in the share price. Of course as soon as the first contract is signed the share price will no doubt rocket and there is no reason to believe the current manufacturing capability is not adequate. I think we will all eventually be relatively happy with the share price but it will never be great without dividends which will only come around once they have secured considerable orders and have sufficient cash available for their working capital and future capital expenditure. Once we get to that stage I think I will finally be satisfied about my original investment. Until then we have a few more years to wait but after 14 years it won't seem that long. Sate
Surface Transforms share price data is direct from the London Stock Exchange
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