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 -0.72% 69.00 284,136 09:00:19
Bid Price Offer Price High Price Low Price Open Price
68.00 70.00 70.50 69.00 69.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 1.00 -3.03 -1.64 135
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:56 O 14,432 69.20 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 69.50p.
Surface Transforms Plc has a 4 week average price of 63p and a 12 week average price of 43p.
The 1 year high share price is 80p while the 1 year low share price is currently 14p.
There are currently 195,038,319 shares in issue and the average daily traded volume is 578,575 shares. The market capitalisation of Surface Transforms Plc is £134,576,440.11.
bones: If I were Surface Transforms, I would think hard about offering any excess next time! More trouble than its worth. Stick to a basic open offer. AJ Bell credited the basic to me very quickly but I did not apply for any excess for the very reason it ties up cash for too long. Almost every placing done by any company sees the share price nearly fall back to the strike price anyway so it's better on balance to pay 5% - 10% more in the market and get all you want without tying up cash. I learned that the hard way elsewhere. In this case, I picked up 15,000 SCE at 55p two minutes into the trading day after the placing was announced. No cash tied up apart from the cost of the shares.
rivaldo: Hi Brucie5, you asked if I had a 2-year price target? Afraid not, as I don't generally have price targets - I tend to roll things along and constantly review, as I find fixed points like stop losses or price targets limiting. I can only echo longshanks' reply. The share price here could be anything, and there should be massive upside imo. That might arrive in the next few months with new contracts - especially if the names of SCE's OEM clients are released to the market - or over the next 2-3 years or a longer period as news flow and production steadily accelerate. I have lots of confidence in SCE's management and belief that they will deliver, and their plans are coming nicely to fruition now. Plus they are imo a very honest bunch who will at no stage screw shareholders over.
geko5trade: Graham1TY, 'Share price weak'. Are you kidding?!! It's over 20% above the offer price! It doesn't surprise me because I think they are looking in terrific shape. Despite the market volatility share price is reflecting growing shareholder base and confidence. If this is weakness I'll take it anytime!
timbo003: It looks as if most of Cannacord's shares are held in their (Hargreaves Hale) VCT rather than private clients From the Hargreaves Hale VCT annual report (year ending 30th Sept 2020) Share price at Sept 30th approximately 41p/share so a valuation of £4.06m corresponds to around 9.9m shares From SCE RNS released on 31st July 2020 Cannaccord holding 15,450,934 shares So it seems likely that the majority of the Cannacord shares are held in the VCT and so the open offer rights associated with those shares will not be taken up.
graham1ty: A good weeks work. Massive placing compared to historic placing, on back of rampant share price. And the price has held pretty steady. No evidence of flipping, or Placees short selling. Will be a tiny bit of indigestion, but the share price remains 25% above the Placing Price. That in itself will make the Open Offer oversubscribed, and everyone will be scaled back. Well done SCE. Go put your feet up ( until Monday, that is)
knownowt: I believe that 'target Price' would be better phrased 'we believe these shares represent good value up to....'. After all, they are only one person's subjective view, and that person can be judged by their track record. Until recently there hasn't been much on which to base forecasts but many of us have held shares in SCE for a long time because we believed, and continue to do so. This is not a trading stock and our share price horizons are just that - some way to go! A cynic would say that a low TP following a placing is to justify the('low')price at which the placing was done; when there is good market demand, it would be expected that placings were offered at a narrow discount.
fillspectre: Well we are drifting into the price area which might give Michael the green light to buy. I guess he will want to see the ST share price sustained at this price or above for some working days before he finally accepts the signal is genuine. I prefer clear signals in the form of RNS announcements of new contract awards. I also like increasing liquidity - I look forward to the day when ST's daily share price volumes are on a par with SDI Group's. Fils
graham1ty: Fils, yes, a holding RNS, hopefully to support the share price above 50p and slow the inter-RNS slide. However, should we not be discussing more the Average Selling Price ? One of the key factors in valuing a company is what control it has of its pricing. Will margins be inevitably eroded as they grow ? Will OEMs demand lower prices for volume orders ? Will SCE be able to stick its ground against bullying by OEMs ( or competitors) ? Can they continue to charge a premium price because of the higher quality product. Well, the answer seems to be YES. And not just yes, but actually indicating prices up to 50% higher than previously thought. That is massively positive. We do not know the price SCE are charging for each disc, but up to now we have known total capacity was about 100,000 discs, and gross revenue at full capacity was stated as about £50m. You do not need to be a rocket scientist to work out that is £500 per disc. David has always said that all those numbers are not forecasts, but just illustrative, as in the right ballpark. Well, we now have a better indication of full capacity revenue: £75m. They do not update the disc number at total capacity, and as they get smarter at production, learn as new Cells are built, hopefully 100,000 will get upgraded as well. But, that still suggests a disc price somewhere significantly north of the original figure. That has an immediate effect on margins, profits and therefore valuation. It has a knock on effect on payback time for each new Cell ( they say the £10m capex per Cell has not changed). I hope I am right. They could not RNS “we have put our prices up by 50%”, but it might be “we have greater control on pricing than we thought, and the sales price is likely to be higher than investors thought”. That is pretty positive ?
cheese666: My experience of SCE, which is much less than many other on here, is of a share price that tends to only significantly rise on clear contract awards based news. I think the recent details further add to the underlying case without necessarily feeding through to the share price If you look at our recent performance we shot up with OEM8 and then drifted as the impact of that news dissipated. Part of this is our size and low profile. The lack of market influence is demonstrated today as the FTSE is up 3% today and we're down. I find this disappointing and hope that as we grow and investors gain confidence in us, the situation changes. As with all growing, innovative companies there is a history of false dawns and hopes being dashed but I feel this is well an truly behind us and that phase of development is done.
fillspectre: Just going back to stu31's post of yesterday. Can I reiterate pinkfoot2's response and say I have always found Michael Cunningham's responses to me very helpful. Perhaps try again Stu31 in the New Year. Did you give him a ring? That is how I contacted him for my EIS forms a few fund raises back. Fils PS My personal end of year share price target (back in March '20)for ST was 34p - so I am more than happy with the current share price position.
Surface Transforms share price data is direct from the London Stock Exchange
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