Writing earlier this month with the shares then having soared to 47p, I reviewed Surface Transforms (SCE) “truly game changing” contract award. Is it?, & how’s the current financial position?. Now “pleased to announce” results for the first half of 2020...
A “Contract Award from OEM 8 and Trading Update” from Surface Transforms (SCE) – and the shares currently 47p, more than 90% higher!...
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 (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…
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…
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”…
