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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?

NEWSFLOW

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Manufacturer of carbon fibre reinforced ceramic automotive brake discs Surface Transforms (SCE) “is pleased to announce that… the company has conditionally raised gross proceeds of £16.0 million… at the issue price of 40 pence per ordinary share”. How pleasing is this?

NEWSFLOW

NEWSFLOW

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There is a “Trading and operations update” announcement today from carbon ceramic brake discs company Surface Transforms (SCE). Hopefully it’s good news as reader Russ (hi) will likely get dreadfully upset if reporting otherwise (as well as that this is not a 100+ page review of the carbon ceramic brake disc industry).

NEWSFLOW

NEWSFLOW

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Previously writing on manufacturer of carbon fibre reinforced ceramic automotive brake discs Surface Transforms (SCE), earlier this month I concluded with the shares at 53p that there looks interesting future potential here, but ahead of further balance sheet and revenue detail (results expected in May) and with the already more than £80 million market cap, I currently continue to avoid. Now a placing and proposed open offer...

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A “Trading, OEM Pipeline & Operations Update” announcement from manufacturer of carbon fibre reinforced ceramic automotive brake discs Surface Transforms (SCE) – and the shares currently 4% higher at 53p, capitalising the company at over £82 million. Good news then?...