We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| 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
|
|
|---|---|---|---|---|---|
| -0.005 | -1.47% | 0.335 | 8,860,677 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.32 | 0.35 | 0.335 | 0.335 | 0.335 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 7.31M | -19.56M | -0.0150 | -0.22 | 4.43M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:29:51 | O | 45,801 | 0.3275 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 02/10/2024 | 13:35 | ALNC |  EXECUTIVE CHANGES: Dar Global chair exits; new CFOs at Kistos, Hansard |
| 01/10/2024 | 15:37 | UK RNS | Surface Transforms PLC Notification of Major Holdings |
| 30/9/2024 | 13:43 | ALNC | EARNINGS: Katoro Gold pretax loss narrows; Ondine Biomedical sales up |
| 30/9/2024 | 07:00 | UK RNS | Surface Transforms PLC Interim results - 6 months ended 30 June 2024 |
| 16/9/2024 | 07:00 | UK RNS | Surface Transforms PLC Appointment of new non-executive chair |
| 15/8/2024 | 07:00 | UK RNS | Surface Transforms PLC Award of 2024 LTIP share options |
| 25/7/2024 | 16:22 | UK RNS | Surface Transforms PLC Notification of Major Holdings |
| 23/7/2024 | 15:40 | UK RNS | Surface Transforms PLC Result of Annual General Meeting |
| 23/7/2024 | 07:00 | UK RNS | Surface Transforms PLC AGM Statement |
| 19/7/2024 | 16:48 | ALNC | Surface Transforms backs sales outlook and hails output rise |
Surface Transforms (SCE) Share Charts1 Year Surface Transforms Chart |
|
1 Month Surface Transforms Chart |
Intraday Surface Transforms Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/10/2024 | 13:18 | Surface Transforms: is it time for blast-off. | 12,312 |
| 03/5/2024 | 22:15 | Surface Transforms 3m cash, 6m market cap on course for 2006 profitability | 101 |
| 17/8/2021 | 07:16 | New contract | - |
| 03/8/2017 | 10:17 | Surface Transforms Plc (SCE) Excited about performance car manufacturing deal | 5 |
| 03/3/2011 | 12:04 | Surface Transforms, is now the time to build a stake.. | 807 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-10-11 15:29:52 | 0.33 | 45,801 | 150.00 | O |
| 2024-10-11 15:28:20 | 0.33 | 243,056 | 796.01 | O |
| 2024-10-11 14:20:51 | 0.33 | 20,000 | 65.50 | O |
| 2024-10-11 13:54:40 | 0.33 | 29,523 | 96.69 | O |
| 2024-10-11 13:40:27 | 0.32 | 25,000 | 80.38 | O |
| Top Posts |
|---|
Posted at 12/10/2024 09:20 by Surface Transforms Daily Update Surface Transforms Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker SCE. The last closing price for Surface Transforms was 0.34p.Surface Transforms currently has 1,302,072,638 shares in issue. The market capitalisation of Surface Transforms is £4,296,840. Surface Transforms has a price to earnings ratio (PE ratio) of -0.22. This morning SCE shares opened at 0.34p |
Posted at 11/10/2024 19:32 by bones698 The problem are the headaches with producing the discs at volume . Brembo don't have such issues so supplying them is easy unlike sce . Sure teething problems are expected but what sce have been guilty of is being totally inexperienced of manufacturing and not recruited quality personnel early on . That has led to issues throughout the process and even on purchasing the correct equipment for the process . It is beyond teething problems and lols to be a systemic issue ,one created by very poor management .The product works and is very good and that is why the OEMs want to use it m,however if sce can't supply it they will have to change to brembo regardless . If sce survives they will use them ,if not it's game over for ace and the OEMs will change . For me the odds of sce surviving are minimal ,they are years away from even achieving break even and the poor management have now created a situation that is almost impossible to recover from . As for shareholders they have been wiped out pretty much already ,the market and share price say it's likely to fail completely and time keeps moving while sce flounder . I fear the worst possibly around q1 next year could be the end . I think the new chair was fed BS and had no idea just how bad things were and will now find out for himself . No blame on him even if this fails as he was handed a live grenade . Wether he can quickly raise capital and completely change their fortunes remains to be seen but the odds are heavily against him at this point . |
Posted at 11/10/2024 09:53 by tomtrudgian Good question, Bagpuss67 and I have long thought about that. It seems quite impossible to believe that OEM’s have not, for at least a year, thought hard about dual or single alternative sourcing of discs. The retailing and commercial risks to the OEM’s of either disc poor performance, or the unreliability or expense of SCE’s supply seem too high.Just how difficult are the changes needed for the OEM’s to change to the chopped Brembo carbon ceramic discs and callipers already available? Just how much more, or quite possibly less, expense would that involve? And just why should OEM’s consider dual supply at all? Is the offer of marketing a choice of discs commercially viable, however well they work? Shareholders have not seen the OEM contracts, but the auditors did. If the SEC’s development costs, already paid by the OEM’s, were not refundable (however unlikely), the auditors would never have disallowed them from being treated as SCE income under IFRS 15 rules. SCE were warned about this possibility in the audited accounts in 2022, and the 2022 and 23 accounts had to be restated to comply. OK that money is in practice lost to the OEMs, but what is the much trumpeted multi-year contract order book £millions actually worth? |
Posted at 06/10/2024 08:31 by the stinger Private or not…I would not mind at all. At this price its an absolute steal. £400m of forward orders and £millions more. £100m spent to date and the product is wanted. Therefore even though slow at present the problem fixes are in the pipeline, this current price is a giveaway for new investors, the majority of works been done all be it at the cost to shareholders from 40p. Mad price here and someone going to make a fortune going forward. New chair isn’t daft!. Going private from here this share price / equivalent value will x 20. Hence someone/s building up a huge stake on the selling and taking what’s available. This will not go bust, worst case is private and patience. |
Posted at 02/10/2024 03:53 by gclark I had an order to buy sce at certain prices which j forgot about on the day if the results. Ugh, already sold some at 50% loss. UghA lot of negative vibes, and I share the view that things aren't great. But, the order book is what could save things. The customers, some big manufacturers, want the product and I understand have designed aspects of new cars around sce braking. They won't want sce to fail. If they see that there is a route to profitability, they must be considering funding sce through, most likely taking a stake in the company. It may be more expensive for them to change car designs, loose usps they were relying on than putting in funds. That's why I'm still holding some. |
Posted at 02/9/2024 10:00 by tomtrudgian I never suggested that, amt. A further offer of 1p ordinary shares would indeed be dilutive and crazy, just as the first was. Incurring £13.2m of capex debt at 12.15% (£1.6m interest each year!) would also be crazy. Plus the undisclosed capital repayments of say £2+m pa!SCE needs more substantial and longer term funding. The only possible AFFORDABLE solutions appear to be: 1/ A large issue of preference shares at say 7%. Underwriting with that coupon might be possible. 2/ Support from an OEM. Their confidence has been sorely tested, however they know pragmatically that changing disc supplier will be very expensive for them. 3/ Brembo manufactures no discs in the Uk. Their factory in Cambridge manufactures disc callipers only, so a takeover of SCE might save them money. The CEO will need to swallow his quite understandable pride in his invention, however. And could no longer decide his pay and bonuses. Yes, I sold out (with a £104k loss). Many others sold out too before the share price crash. Having sold out we did not made a further share price loss. Obviously none of us were entitled to the 1p share offer, as you say. |
Posted at 31/8/2024 13:20 by tomtrudgian What I actually said on 30 Aug was: “I have no evidence that the capex loan has yet been drawn down, or is affordable”. The capital repayments plus interest, on a total of some £10m would be kill SCE, so I hope I am right. That does not mean I am.fft replied saying (for the first time as far as I am aware): that people have had emails from management confirming that part of the capex loan had been drawn down. I hope not, but show me copies and I will apologise. LV apparently believes: “Using other people’s money is better than using one’s own!” I replied on 28 Aug: “The only AFFORDABLE solution is a further substantial share offer”. Ok, so what actual facts do we know? 1/ No part of the capex loan was drawn down before 31 Dec 23 (FY 23 accounts page 20, Loans). 2/ The interest (Note 15, Future Loan Funding, in the financial statements) is now just under doubled to 12.15% if drawn down in 2024. Some four times inflation, plus undisclosed capital repayments. Why nearly doubled? The European Regional Development Fund’s (ERDF) subsidised support finally ended on 31 Dec 23, following the European Union (withdrawal) Act 1918. SCE had plenty of time to organise a subsidised capex loan. 3/ The socialist Liverpool Combined Authority (LCA) is now the sole provider of a capex loan. In the LCA’s first Covenant Test Point of 2024, SCE was found to be in breach of the capex covenants(Financial Statements page 54, paragraph 4). The terms of the capex loan were accordingly formally revised. What the new terms are is not disclosed. 4/ In the 19 July 24 Operational Update, nothing about any draw down or revised capex terms was disclosed. Perhaps the partial drawdown was very recent. So, what’s the good news? The management are certain SCE will succeed, as we all hope. They are also well incentivised through bonuses and share options to do so. I do understand the vitriol levied against me, but why shoot the messenger? Or call me a liar? I well understand that shareholders think my posts may not help the short term share price, but is not reducing cost more important to SCE’s survival? The waste of £500k (Financial Review, Other Non-recurring Costs, page 19) due to “allowing the fixed price electricity contract to lapse” was quite disgraceful. How onerous the new capex terms are is not known. Neither is how expensive paying for sales invoices to be paid early will be. However shouldn’t shareholders actually PREFER a further share offer instead, in their own interests? |
Posted at 16/8/2024 08:17 by bagpuss67 SCE share price analysed on share talk. Potential target 2.7p by the end of next month for "brave bulls" |
Posted at 15/8/2024 08:30 by fft Amt,Seems fairly clear. Each criteria is independent. So they could implement the 75m and miss the share price and EBITDA targets. Then they would just get the % allocated to the 75m implementation.What DB is saying though, is that it is hard to imagine only 1 or 2 of the targets being met, as 75m capacity is required to get to the 4m EBITDA etc, and if that happens the share price will definitely be above 3p (or whatever the target was). |
Posted at 11/8/2024 10:08 by tomtrudgian In short bagpuss67, Yes. That does not mean that I do, or do not, believe SCE have a current practical ability to succeed in accessing further capex funding from the Liverpool City Region (LCR).I never said that “some Europeans Fund” had lent (or frankly would lend) to SCE at a discount rate. The belatedly reason given by SCE for the 2023 application refusal, namely that the capex was not pre-approved, may not have been the only one. I now need to be really restrained in what I write. For the avoidance of doubt, I am not suggesting any fraud, illegality or misleading by anyone. You will remember that the FY 23 audit was forecast for mid April 24, then end May, and was finally signed by the auditors at the last time (end of June) before the AIM listing would have had to be suspended under the six month LSE rule. The arguments were lengthy and the audit fee was doubled. The auditors’ FY 23 report included a schematic graph indicating “management override of controls” as a principal audit concern. They also wrote of a “significant risk of material error due to fraud and error”. Now the curious one: A new (24 Jan 24) PDF charge at Companies House shows that the charger (SCE) had opened a blocked (ie charged) Nat West (SCE’s bankers) deposit account that they “should have delivered to the chargee(LCR)”. The audited SCE cash and cash equivalent was given as £6.06m at 31 Dec 23. |
Posted at 27/7/2024 13:25 by amt Newbie I am interested in what your other investment is if you don't mind me being nosey. By the way I don't understand that if you think they will resolve production issues and the share price hit 2.5p why take profits at that point. If this succeeds then they should get to a double digits share price. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
