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Surface Transforms – “2024 Sales Outlook” down from just last week! And what about the balance sheet position that dare not speak its name again?

By Steve Moore | Wednesday 17 April 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.

Manufacturer of carbon fibre reinforced ceramic disc brake materials Surface Transforms (SCE) has issued a “2024 Sales Outlook” announcement, including “sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to FY 2023 sales of £8.3m, resulting in a projected FY 2024 range of £17.5m to £22m sales” and that it is “providing this range of outcomes for the year, in response to shareholder request for "worst case scenarios". We remain committed to achieving the higher end of this range”. So why a share price currently further down to 3.5p in response?
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