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% 20.50p 209 07:40:03
Bid Price Offer Price High Price Low Price Open Price
20.00p 21.00p 20.50p 20.50p 20.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 0.70 -2.53 -2.41 25.2

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DateSubject
17/7/2018
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 20.50p.
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 21p while the 1 year low share price is currently 13.38p.
There are currently 123,035,416 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Surface Transforms is £25,222,260.28.
28/6/2018
21:55
fillspectre: It is going to take a lot higher share price for me to recycle and realise my investment. In fact I'd go so far as to say dependent on what happens the day the first volume OEM contract is announced - I may be looking to increase my holding. Why not now? I currently have enough exposure to Surface Transforms to be going on with with my current risk appetite - I think there will be plenty more upside beyond the first day of the announcement - and I think sensible investors will see this too. Fils
28/6/2018
07:52
bdroop: Maybe getting a couple of institutions onto the share register was considered a good tactical decision for the future health of the share price and was weighed up against the negatives. I think it’s a gentle positive and having cash on hand for a business ( spent wisely ) is always reassuring..
28/6/2018
06:19
fillspectre: Yes it was a bit of a ruminating post. Clearly the Company decided it needed the funds and at 17p a share it appears to have sourced the funds all too easily. It means others are seeing what we are seeing - very positive. The facts it is two new IIs is also great as it strengthens the wider awareness of the market to SCE. If the share price goes up from here I have no complaints about my total holding being diluted - who would. If the IIs have less than they wanted the share price could move up through the Summer bucking what might be a general negative trend in the market as a whole. We all looked at the figures at the start of the month and thought it was tight. Now we wake up this morning knowing the funding issue over the next six months is resolved and we can look forward to news flow starting late 2018 that should really build interest in this Company. I don't think Brexit is currently disturbing the timetable - I think we are moving at the pace dictated by OEM3 and 5. I also don't think Brexit will affect the ability for SCE to get contracts in so far as the OEMS once they have made the final decision they want the product haven't really got anywhere else to go. Brexit pandemonium could cause a temporary delay if it continues right up to March 2019. However the disquiet from Industry is growing for them to know what is happening post March 2019 so hopefully the Brexit negotiations will conclude early Autumn 2018 and the stars will align for SCE to really sizzle as you say. Here's to them going out to fundraise for a second OEM cell at a much higher share price and with similar ease! My comments still remain about KJ and his options - I personally would take it is as a massive confirmatory signal if he started taking up options. Fils
27/6/2018
23:44
fillspectre: I don't know quite what to think about this fundraising - whether it is an overall positive or negative. I'm definitely wanting the days of fundraising sub 25p to be numbered and yet this fundraising has generated some interest and a rise in the share price - all to the good. Hopefully these new IIs might want to increase their stakes and it throws a spotlight onto Surface Transforms just before the Summer hiatus. Maybe the IIs suspect what I suspect - that all the action is going to take place Autumn 2018 through to Spring 2019 and they are just getting in early. However on the negative side - this fundraising is in direct contrast to comments made by David Bundred when he said he was confident the Company had sufficient funding to see them through to the announcement of a volume OEM contract. He has reiterated these comments several times with confidence. So going foward do we treat DBs comments with a pinch of salt? Also what it says to me is that the Company has decided to press for funds now and not following announcement of positive test results for OEM3 and 5 which are expected in calendar year 2018. So does this mean that the Management does not believe announcement of the successful conclusion of either of these tests will not have a material positive impact on share price which would have allowed them to raise funds at a better price? Or does it mean they need these funds to conclude the tests which means they did not have the funding to see them through to the end of 2018? I can appreciate you don't leave it to the eleventh hour to raise funds but even so. Also unless we get an announcement in the next few days - it would appear Kevin Johnson is going to allow one tranche of his share options to expire. I do wish this fund raise had been accompanied by an announcement of KJ beefing up his shareholding. Maybe Longshanks is right - maybe they were approached and SCE did not initiate this at all? When a Company is out and about in the City trying to raise funds surely word gets out on the street that this is happening? Finally DB has said he is unconcerned about the impact of Brexit and yet the Society of Motor Manufacturers is saying it is concerned about the drop in inward investment this year. Surely the post Brexit landscape needs to be firmly understood before SCE are going to get the ink drying on a volume OEM contract and if this is the case then the contract will change dependent on that landscape. Fils
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
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
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
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