Saturday 23 June 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Tom Winnifrith Bearcast: the fraudster's best friend in journalism, Ben Harrington, does his master's bidding again
Transense Technologies – General Meeting approval for new equity… but just how long will the new funds last?
A “Pre Close Trading, Customer and Operations Update” from Surface Transforms (SCE) includes CEO Kevin Johnson stating “these results are encouraging with good progress being made in virtually all areas”. The shares have responded... er, lower to 18p…
With its shares having been above 20p at the start of 2017 and still above 19p in June as it attempted to mitigate “we continue to look forward with confidence”, Surface Transforms (SCE) has announced the final result of a fundraising which it has emphasised has seen a “most encouraging response from shareholders”. At what price per share again?...
In December I noted cash concerns on Surface Transforms (SCE) following a half-year trading update. I reiterated these last month, despite the company arguing “we continue to look forward with confidence”. Now surprise, surprise it’s discounted fundraising ahoy…
Surface Transforms (SCE) has made an “Operations, Customer and Pre Close Trading Update”, including that a German OEM is “now expected to introduce the company's products earlier than expected - on racetrack cars - in 2018” and “the company is now in full production, on all processes, at Knowsley”. However, other news is far from positive…
Surface Transforms (SCE) has announced results for the six months ended 30th November 2016, claiming “a tough, albeit exciting and successful six months”. The shares have responded… approaching 7% lower, towards 20p. Hmmm…
Manufacturer thus far of largely jam tomorrow Oops, of carbon fibre reinforced ceramic brake discs, Surface Transforms (SCE) has announced what it describes as a “strategically important” contract win – and the shares have responded approaching 10% higher, to 23.5p. BUT…
Previously writing on developer and manufacturer of jam tomorrow (Oops sorry, of carbon ceramic products for the brakes market), Surface Transforms (SCE) I concluded with the shares sliding below 25p that delayed jam tomorrow in conjunction with the nearer-term trading challenges saw me continue to avoid. There is now a “Trading Update” announcement, on the back of which the shares are currently around 8.5% lower at sub 22p...
Developer and manufacturer of carbon ceramic products for the brakes market, Surface Transforms (SCE) “is pleased to announce its preliminary results for the year ended 31 May 2016”. The shares are currently 7.5% lower, at below 25p, in response…
Carbon ceramic brake discs company, Surface Transforms (SCE), has announced a “Pre-Production Technology Development Agreement”, including “expected annualised revenues after start of production reaching approximately £10m-£12m on mature volumes”. The shares are currently up approaching 9%, to 18.75p, in response. Hmmm – let’s take a look…
Following a recent “successful fundraising” (AKA a smaller investor shafting), Surface Transforms (SCE) has released a “Trading, Premises and Operating Update”…
Having last month announced a smaller investor shafting (sorry, a “equity fundraising of up to £5.0 million”), Surface Transforms (SCE) has updated on a revised extent of the shafting…
“Surface Transforms (SCE) is pleased to announce a conditional equity fundraising of up to £5 million… The net proceeds of the fundraising will enable the board to pursue its strategy of having the capacity to supply the commercial volumes which may be required by automotive OEMs… as well as fulfil their existing commitments to the company's aerospace and other customers”. Hmmm…
Purveyor of ceramic brakes, AIM-listed Surface Transforms (SCE) produced a trading statement back in June which stated that results were expected to be released in August. It is now the end of September and the silence is deafening. Why the delay, chaps?
On the daily share chart of Surface Transforms (SCE) over the past year where the rather thin, spiky share price action, may have been enough to deter would be bulls.
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