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
  -0.20 -0.84% 23.50 124,840 13:37:24
Bid Price Offer Price High Price Low Price Open Price
23.00 24.00 23.70 23.50 23.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 1.00 -2.98 -1.64 32
Last Trade Time Trade Type Trade Size Trade Price Currency
13:37:14 O 2,910 23.16 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
13:37:1523.162,910673.96O
12:35:0723.6020,0004,720.00O
12:34:4623.5093,63922,005.17O
10:32:2423.604,9011,156.64O
08:53:0023.603,390800.04O
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Surface Transforms (SCE) Top Chat Posts

DateSubject
12/12/2019
08:20
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 23.70p.
Surface Transforms Plc has a 4 week average price of 23.50p and a 12 week average price of 23.50p.
The 1 year high share price is 26.50p 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 113,492 shares. The market capitalisation of Surface Transforms Plc is £31,969,638.76.
18/11/2019
12:50
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
13/11/2019
21:43
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
13/11/2019
18:53
graham1ty: Fils, there were about 15-18 in the room ( they were competing with Gervais in the main room). From the questions would say less than half were shareholders ( so a few people seeing them for the first time ?). They also had a stand in a very prominent position, so people could see their disc ( and try to lift a steel disc by way of comparison). Good presentation. They have been asked whether the CMD and MELLO appearance etc are just the warm up for another fundraise. They made it very clear that, for the existing contracts announced, and for existing plans, they have all the funds they need to get through to profitability and cash neutral, and no current intention to raise any more. Kevin does of course point out that a new mega contract ( heaven forbid) might change that, but that any future fundraiser would be AFTER any new contract, when volumes were known.......and hopefully done at a much higher price. I think they are surprised ( and disappointed) that the three game changing RNS in the summer have not had a bit more of an impact on the valuation. They have converted OEM5, a household name, into a contract, and the further business from Aston mArtin, OEM1 and OEM6 all show that the product is getting adopted across a range of top rank OEMs. The forecasts only reflect existing, signed contracts, so there is nothing in the price, or the forecasts, for any upside. They can see their way to profits and the market does not seem to have reacted. IMHO they just have to stick to their knitting, keep the profile reasonably high ( with regular, say quarterly presentations) and the share price will look after itself. Not sure there was anything in the presentation that was not at the Capital Markets Day.
18/9/2019
21:10
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
09/9/2019
10:48
longshanks: Exactly Albert. It is now a question of WHEN and not IF they will get further nominations.Worst case scenario is that we get no further nominations before 2022. Even in that scenario we reach profitability.For us to get no additional nominations presupposes an absence of need/demand though and that just isn't the case. The opposite in fact is the case: there is burgeoning need.Understandably we would like to see the share price now surging ahead and for us all to be in a position to top slice and buy our own AM Valkyries from the proceeds.We still need to wait for the market to catch up though and, unfortunately, the market is extremely bearish at present. The capital markets day should help but we might need to wait until we start seeing the OEM cell in operation supplying AM and a sea change in the cash flow position.Patience is still needed, but we can do so now from a far more padded seat.
28/7/2019
16:05
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?
16/7/2019
20:11
fillspectre: Not quite the massive gap up in share price I was expecting. That said the City is about to go on their hols, OEM5 has yet to be named and I guess someone was happy to let their shares go at less than 25p each. However when I compare ST's concrete news flow with other speculative stocks - ST's market capitalisation looks to be lower than where I'd expect. I can see ST being discovered by a lot of new investors in the Autumn - and once past October - I can see the share price increasingly significantly in the six months Nov '19 to April '20. That back six months always seems to be a time of repositioning. You never know the Airframe contract may come in - in Jan '20 - wouldn't that be a surprise and a bonus. Fils
09/7/2019
09:21
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
02/7/2019
18:08
fillspectre: Longshanks - nice to see another slight rise today. Have 100,000 shares been sold at 17p mid-afternoon? If they have - that is good news as maybe Market Makers are receiving plenty of enquiries. Friday's RNS has been only partially digested so far. I too have noticed a typical fortnight delay to some RNS - I think perhaps institutions work on the basis of "only fools rush in". It would be nice to get a steady rise each and every day this week - 3% a day being greater than 15% on the week. Not to be sniffed at. Me - personally I agree with you on the 50p near term target. I think an OEM contract announcement from OEM5 could almost take us there in one leap and bound. That being the case there is potentially a three bagger here in the offing for risk takers.For me there is a lot less risk than some other speculative shares - take Futura Medical - totally loss making - no products - has made promises before and the share price has been volatile - has to get through phase 3 trials (by no means a certainty) - current market cap 79m compared to SCE - ongoing sales, physical assets in the shape of furnaces and CNC machines, two new contracts - one by Koenigsegg - who have effectively continued to affirm their confidence in SCE's product - market cap 23m!! Fils PS SCE cannot be taken over provided you don't cave in and sell your substantial holding :-) I'm sure between you and Richard Gledhill you could thwart any predator.
03/5/2019
14:59
fillspectre: Graham I have an unchanged position in SCE and have not given up yet. We seem to be surrounded on AIM by companies currently making zero profits yet plenty of speculative share price gain - even when those companies have had share price surges before and fizzled out thereby plenty of PIs with their fingers burnt in the past. . I understand the business SCE are in - they do actually have a quietly growing underlying business - the losses coming from increased capital expenditure and new customer R&D. Some of the companies undergoing speculative in-rushes of equity buying don't even have a commercial product on sale - just the hope of one. . If I was any braver I'd buy some more. I'd hate to see more dilution at these prices - I want to see a floor under these shares at 18p which would mean those of us who took part in the fund raise in 2016 would have least have our investment intact. Fils .
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