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| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 544,051 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.31 | 0.34 | 0.325 | 0.325 | 0.325 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 7.31M | -19.56M | -0.0150 | -0.21 | 4.23M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:09:40 | O | 301,126 | 0.3171 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 07/3/2025 | 09:36 | UK RNS | Surface Transforms PLC Holding(s) in Company |
| 06/3/2025 | 17:40 | UK RNS | Surface Transforms PLC Holding(s) in Company |
| 06/3/2025 | 16:47 | ALNC |  IN BRIEF: Surface Transforms shares rise as CFO set to retire |
| 06/3/2025 | 07:00 | UK RNS | Surface Transforms PLC CFO retirement |
| 28/2/2025 | 11:47 | UK RNS | Surface Transforms PLC Holding(s) in Company |
| 07/2/2025 | 16:20 | ALNC | Surface Transforms revenue grows as yield hit by cash constraints |
| 05/2/2025 | 07:00 | UK RNS | Surface Transforms PLC Holding(s) in Company |
| 04/2/2025 | 14:15 | UK RNS | Surface Transforms PLC Financing, trading and operations update |
| 17/1/2025 | 13:02 | UK RNS | Surface Transforms PLC Holding(s) in Company |
| 15/1/2025 | 13:43 | UK RNS | Surface Transforms PLC Holding(s) in Company |
Surface Transforms (SCE) Share Charts1 Year Surface Transforms Chart |
|
1 Month Surface Transforms Chart |
Intraday Surface Transforms Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/3/2025 | 19:00 | Surface Transforms: is it time for blast-off. | 13,232 |
| 03/5/2024 | 21:15 | Surface Transforms 3m cash, 6m market cap on course for 2006 profitability | 101 |
| 17/8/2021 | 06:16 | New contract | - |
| 03/8/2017 | 09:17 | 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 |
|---|---|---|---|---|
| 08:09:41 | 0.32 | 301,126 | 954.87 | O |
| 08:00:13 | 0.32 | 242,925 | 770.32 | O |
| 2025-03-19 16:01:05 | 0.32 | 22,737 | 72.08 | O |
| 2025-03-19 15:47:05 | 0.32 | 1,176 | 3.73 | O |
| 2025-03-19 13:49:38 | 0.32 | 47,500 | 150.58 | O |
| Top Posts |
|---|
Posted at 01/1/2025 11:33 by kingston78 Sometimes interested bidders wait in the wings for a struggling company to fall into administration so that they buy the assets cheaply.In this case, it has not happened. I think that the customers do not want their supplies being disrupted but they want to take a cautious approach by funding Surface Transforms regularly so that it has sufficient cash to keep it going. This is a satisfactory interim solution. It is possible that someone serious enough will bid for the company with a low offer, but high enough for the board to recommend it. The board has lost credibility, and they cannot raise much funds without significant further dilution as the share price is so low. Looking at the chart action, I recall that the share price was as low as 0.17 p. It has attempted more than once to break out, and I think it has now broken out because people believe that this company will survive with a great technology. It will rise from here towards the 1 p level gradually. |
Posted at 12/12/2024 10:00 by thiopia In game theory terms SCE do hold some cards so I don't think you can dismiss their chances of getting thru this.Things looked bad during the Global Financial Crisis but kicking the can down the road allowed some huge once in a lifetime recovery gains. That sets a template here. In September Management awarded themselves a load of options with 1.70p exercise price and one vesting condition of a 5p share price. So they certainly think they can trade out of it and they will know the contract terms with OEMs. The OEMs are not a monolith. They will be in a Prisoners Dilemma not knowing what other OEMs are doing and wanting to preserve ST to keep Brembo honest. |
Posted at 03/12/2024 15:41 by tomtrudgian It may or may not mean that the Blake shareholding will be wholly or partially liquidated, over time or immediately, Bagpuss67. What we certainly know is that the executors of William Blake dec’d, could not have sold the shares without prior probate having being granted.We also know the executors sold some on 2 Dec, before the extraordinary share price rise. They may well have sold more after the share price rise. None of this matters. Either they can or cannot produce discs at a profit. |
Posted at 03/12/2024 09:43 by thiopia REMINDER :-In October they issued themselves loads of options at close to 2p ! Kevin Johnson (CEO) has been awarded 16.1m Options, Isabelle Maddock (CFO) 8.8m, Stephen Easton (COO) 7.7m and the seven other senior managers a total of 18.3m. The exercise price of the Options is 1.7099 pence being the 20 business day volume weighted average price ("VWAP") up to Friday 9 August. The Options represent 3.9% of the total issued share capital of the Company. The Options vest at the third anniversary of grant if the following conditions are met: · EBITDA per share between 0.31 pence (10.5% of the award) and 0.46 pence (30% of the award). This is based on achieving between £4m EBITDA and £6m EBITDA in the year to 31 December 2026 · Installation of realisable £75m sales capacity (30% of the award) · Share price above 5.0p on a VWAP basis for the 20 days prior to vesting date (20% of the award) · A commercially confidential strategic milestone providing additional technical excellence, aimed at maintaining the Company's technical leadership in the marketplace (20% of the award) The vesting criteria are independent of each other, albeit clearly linked if the separate criteria are to be achieved. After exercise the participants in the LTIP will be required to maintain a level of shareholding proportional to their salary. David Bundred (Chairman) said "The LTIP scheme rules provide for annual LTIP awards and this is the 2024 award. The vesting criteria are stretching but considered achievable. To this end it is encouraging that the increase in output, reported in the 19 July trading update, has been maintained at the end of July and early August." |
Posted at 08/11/2024 11:48 by tomtrudgian Who knows Bagpuss67, certainly not me. It may only be an agreement with the market makers (MM’s) for Mr Black to hoover up the shares being sold. The MM’s must now be cram full of shares they do not want and cannot otherwise sell.Then for SCE to issue optimistic pre-close trading updates in the hope of a significant share price rise before offloading the shares. Including those of the directors of course. They cannot have sold, because there has not been the required RNS announcement. Alternatively, and less likely: The freeholder of the 1000 acre Knowsley Industrial Estate is Knowsley Council. A little while ago they appointed the commercial surveyors DTZ to advise on the proposed redevelopment of units to add value. There may be an angle for Mr Black on either. He has form on this sort of thing, as you have pointed out. Good luck to him, but his offload timing must be spot on. The government will have to pay the redundancies. What seems a racing certainty is that SCE have now sadly concluded that the OEMs, the ‘order book’ (now, several posters say, up from £395m to over £600m!) are a mirage. So too any affordable fund raising or PROFITABLE disc production. |
Posted at 06/11/2024 15:27 by thiopia It's really quite funny the antics at this outfit.Just a few months ago they had their snouts in the trough awarding themselves a load of options at 1.70p !!! (10x the current share price) and some of us were quite annoyed by the 'very easy' vesting conditions. They were talking about EBITDA per share of 0.31p and 0.46p and now the stock is trading at 0.175p :-D Kevin Johnson (CEO) has been awarded 16.1m Options, Isabelle Maddock (CFO) 8.8m, Stephen Easton (COO) 7.7m and the seven other senior managers a total of 18.3m. The exercise price of the Options is 1.7099 pence being the 20 business day volume weighted average price ("VWAP") up to Friday 9 August. The Options represent 3.9% of the total issued share capital of the Company. The Options vest at the third anniversary of grant if the following conditions are met: · EBITDA per share between 0.31 pence (10.5% of the award) and 0.46 pence (30% of the award). This is based on achieving between £4m EBITDA and £6m EBITDA in the year to 31 December 2026 · Installation of realisable £75m sales capacity (30% of the award) · Share price above 5.0p on a VWAP basis for the 20 days prior to vesting date (20% of the award) · A commercially confidential strategic milestone providing additional technical excellence, aimed at maintaining the Company's technical leadership in the marketplace (20% of the award) The vesting criteria are independent of each other, albeit clearly linked if the separate criteria are to be achieved. After exercise the participants in the LTIP will be required to maintain a level of shareholding proportional to their salary. David Bundred (Chairman) said "The LTIP scheme rules provide for annual LTIP awards and this is the 2024 award. The vesting criteria are stretching but considered achievable. To this end it is encouraging that the increase in output, reported in the 19 July trading update, has been maintained at the end of July and early August." At this point I'm sticking around for the sheer comedy and the lessons to be learned for future reference. |
Posted at 11/10/2024 18:32 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 02/9/2024 09:00 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 12:20 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 07:17 by bagpuss67 SCE share price analysed on share talk. Potential target 2.7p by the end of next month for "brave bulls" |
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