UK 10:23 Saturday, 17 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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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Comments
wildrides
on the surface not transformational ………… as RNS go