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Results: SCE

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Surface Transforms – “again… reporting a production problem impacting our previous guidance”, what’s the outlook from here?

Previously writing on manufacturer of carbon fibre reinforced ceramic automotive brake discs Surface Transforms (SCE), in September with the shares at 40p I concluded that, with the financials uplift the valuation looked to demand, I still just continued to monitor from the sidelines. So what of today a “Trading and operations update” from the company… and the shares currently further down to 36p?

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