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% 18.25p 33,148 08:00:00
Bid Price Offer Price High Price Low Price Open Price
17.50p 19.00p 18.25p 18.25p 18.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 0.7 -2.5 -2.4 - 20.81

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Surface Transforms (SCE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:37:3017.602,000352.00O
12:15:3817.9726,3504,733.78O
10:55:2218.70823153.90O
07:46:0617.973,375606.32O
07:07:3418.70600112.20O
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Surface Transforms (SCE) Top Chat Posts

DateSubject
25/5/2018
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 18.25p.
Surface Transforms has a 4 week average price of 14.75p 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 20,284 shares. The market capitalisation of Surface Transforms is £20,811,463.42.
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.
22/5/2018
02:00
longshanks: It looks like the pentagon is now very close to signing off the third multi-year contract for the V22 tilt-rotor aircraft with Bell and Boeing.https://www.shephardmedia.com/news/defence-helicopter/us-government-closes-third-v-22-multi-year/This could be related to the airframe 1 supply contract that ST has for a US military aircraft....and hence perhaps the cause for the recent strength in the share price.
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
02/5/2018
21:32
fillspectre: Longshanks & C0 - I am attending a lecture soon on the development of the Bentley Bentayga SUV. . "An evolution of the 2012 Bentley EXP 9 F concept car, the production Bentayga debuted at the Frankfurt Motor Show in September 2015 as Bentley's first SUV — using unibody construction and full-time all-wheel drive as well as Volkswagen Group's new bi-turbo W12 engine, developed in Crewe and MLB platform, the latter shared with the second-generation Audi Q7 and the third-generation Porsche Cayenne, Volkswagen Touareg, Audi Q8, and Lamborghini Urus." . Heavy luxury SUV - just the sort of vehicle that might benefit in a future refinement from the circa 100Kg overall weight saving postulated by Kevin at the 2016 AGM if Carbon Ceramic brakes are designed in at the start. Also worthy of note Crewe and Knowsley not a million miles apart - would be very convenient for product development discussions. . The Q&A session at the end could be my time to learn more. Any thoughts Longshanks on this particular vehicle? . PS Nice share price move recently but with no news flow there is no firm conclusion in my mind of why now. Need a few more 250K share volume days before I read too much significance into it. That said it very hard to keep news sealed tight. There is always the possibility that "leakage" will lead to share sales with no apparent cause. Fils
26/4/2018
16:59
longshanks: I have lost my appetite for technical analysis in recent years - but occasionally I return to the charts. Today the price jumped through closely converged 30d and 50d moving averages. If demand is as strong as it would appear, we could easily pass the 200d moving average (15.67p) tomorrow or early next week. That could be a first indication that the share price is due a recovery although - with my "fundamental hat on" - I would argue this is only really likely if we see a positive news flow up to and including the June trading update. In that case, hopefully you should soon be happily in profit Toffeeman. My average is currently exactly 15.0p so I just need a further nudge from here to be happy, what price do you need?
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.
04/1/2018
12:00
fillspectre: Incidentally I don't think a race car contract will be announced in Quarter 1 of the 2018 calendar year. I don't think we should build up hopes on this board of imminent contract RNS announcements. I think we are on an eighteen month journey now. Midway through this journey we should expect a lot more progress on the readiness of OEM cell 1. My view now is that all things are being worked to a pragmatic timetable in line with how the car industry and reality works. Everything has to be planned in detail, everything has to be proven, as many unknowns and uncertainties have to be eliminated. The great news for us as shareholders is when an OEM contract announcement is made - we have a far greater degree of certainty with this Company that the revenue stream is secure and realisable. The OEM will have guaranteed as far as possible that Surface Transforms will deliver to quality and timescale. Therefore as soon as the contract announcements are in we can allow ourselves to look forward past booked revenues to further OEM contracts and future capital investment in a OEM cell 2. One thing I noted from the recent AGM presentation is that the capital investment for an OEM cell has a short payback period - this may mean that funds may be borrowed rather than through an equity fundraising. Even so an equity fundraising for OEM cell 2 I would expect be at a much higher share price not dilutive to current shareholders. The biggest random factor is the aircraft contract - which will come when it comes - and will be a nice icing on the cake when it does. As ever the big rise in share price will come with the announcement of first OEM large volume contract. Fils
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
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