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Surface Transforms – argues “truly game changing” contract award. Is it?, & how’s the current financial position?

2020-09-14 11:55:02

“Contract Award from OEM 8 and Trading Update” from Surface Transforms (SCE) – and the shares currently 47p, more than 90% higher!...


Surface Transforms – argues “remains on track”… but what about, for example, January 2012?...

2020-07-20 13:54:45

Surface Transforms (SCE) has updated including “despite the impact of COVID-19… revenue for the six-month period grew 55%… Cash at 30 June was £2,018k (December 2019: £770k) to which can be added the R&D tax credit, in excess of £300k, expected in September” – and the shares have currently responded to 27p, approaching 4% higher...


Surface Transforms – argues sales growth “very encouraging”… what about the bottom-line & cash position?

2020-01-10 11:10:34

Surface Transforms (SCE) has updated including emphasising “this significant acceleration in sales growth in the period is very encouraging… discussions with potential OEM customers are progressing well and the company still expects to be able to make significant contract announcements during the new 2020 financial year” and that it “has now received full regulatory approval from the UK Environmental Agency for all the new furnaces in OEM Cell One”. Sounds encouraging…


Surface Transforms – “a high degree of confidence in accelerating sales growth”… so also in the balance sheet position?

2019-09-09 11:40:39

Developer and manufacturer of carbon ceramic brakes products Surface Transforms (SCE) has announced results for its year ended 31st May 2019, emphasising “the past 15 months, and more particularly the three-month period of contract awards since 31 May 2019, have been transformational in the development of Surface Transforms. The company now has multi-year, multi million revenue contracts”. Sounds good – but the shares are currently little changed at still sub 20p…


Surface Transforms – “pleased to announce” contract agreement, though how’s the cash headroom?

2019-08-28 08:25:28

Previously writing on Surface Transforms (SCE), in May I concluded including on recently raised funds forget “to grow and develop”, more like ‘to continue to trade’. The shares are though currently on the rise on a “Contract Agreement with German OEM 5”


Surface Transforms – placing “following recent investor demand” bullshit again?

2019-03-20 04:49:52

Surface Transforms (SCE) has updated including “we are pleased that current shareholders continued to support our strategy to become a series production supplier of carbon ceramic brake discs to the large volume original equipment manufacturer automotive market. We look forward to the future with confidence”. This from a “£1.9 million placing” announcement…


Surface Transforms – “Trading & Operational Update”, my prior caution justified?

2018-12-04 04:23:53

Previously writing on Surface Transforms (SCE) in September as the shares slid below 18p, I retained prior caution. Today a “Trading & Operational Update” – and the shares currently further lower, at around 13p…


Surface Transforms – “pleased to announce” results, so why the share price decline?

2018-09-17 10:20:55

“Surface Transforms (AIM: SCE) is pleased to announce its preliminary results for the year ended 31 May 2018”. The shares have responded, er, currently more than 4% lower, below 18p…


Surface Transforms – reckons placing “following recent investor demand”. I suggest bullshit

2018-06-28 00:14:12

Writing earlier this month on Surface Transforms (SCE) I warned argues “these results are encouraging”… but looks to be firmly heading to cash crunch ahoy AGAIN!. Now it is “pleased to announce that it has successfully placed 9,000,000 new ordinary shares… at 17 pence per share, raising gross proceeds of £1.53 million”


Surface Transforms – argues “these results are encouraging”… but looks to be firmly heading to cash crunch ahoy AGAIN!

2018-06-13 07:10:19

“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…


Surface Transforms – “pleased to announce” result of open offer excess. Hmmm…

2017-08-10 03:07:27

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?...


Surface Transforms - discounted fundraising o’clock (as warned)

2017-07-06 03:31:20

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 – despite delays, argues “continue to look forward with confidence”. Hmmm - cash crunch ahoy?

2017-06-21 00:14:25

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 – claims “successful six months”. In response… the shares slide...

2017-02-14 01:24:48

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…


Surface Transforms – claims “strategically important” contract win, but how’s the cash burn?

2017-02-03 01:04:38

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…


Surface Transforms – half-year trading update, despite attempted glossing over cash burn concerns…

2016-12-08 06:30:11

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...


Surface Transforms – full-year results; management ‘confident’ and ‘excited’, market response less so…

2016-10-10 03:43:53

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…


Surface Transforms – annualised revenues of £10m-£12m in sight. Er, not quite…

2016-07-11 05:33:15

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…


Surface Transforms – trading & operations update, more jam tomorrow?

2016-06-16 00:26:42

Following a recent “successful fundraising” (AKA a smaller investor shafting), Surface Transforms (SCE) has released a “Trading, Premises and Operating Update”


Surface Transforms – revises extent of smaller investor shafting

2016-04-14 03:50:40

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 – fundraising announcement; smaller investor shafting o’clock

2016-03-18 05:30:32

“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…


Surface Transforms: “preliminary results in August” – so where are they?

2015-09-29 02:03:07

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?


Zak Mir's Bull Call Of The Day No.1: Surface Transforms: Break Of 15p Could Lead To 25p

2015-08-28 00:31:07

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.


Surface Transforms – Profit Warning: bargepole or buying opportunity?

2015-06-11 01:02:57

Yesterday morning Surface Transforms (SCE) announced a pre-close trading update which contained a profit warning, blaming the breakdown of a furnace during May. The rest of the update seemed fairly upbeat, and a little meat on the bone was provided in terms of the cash position – although there was no indication of trade payables so the fact that there was £776k at its reporting year-end (31 May) and an R&D Tax credit of £200k in the pipeline means we are only being given part of the story there. Given the incomplete nature of this information, the selected highlights offered are rendered useless.


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