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Pin to quick picksSurface Transforms Share News (SCE)

Share Price Information for Surface Transforms (SCE)

London Stock Exchange
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Share Price: 1.625
Bid: 1.60
Ask: 1.65
Change: 0.00 (0.00%)
Spread: 0.05 (3.125%)
Open: 1.625
High: 1.625
Low: 1.625
Prev. Close: 1.625
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18 Jun 2024 13:26

IN BRIEF: Surface Transforms shares fall as audit delay continues

Surface Transforms PLC - Liverpool-based manufacturer of carbon-ceramic brake discs for automotive and aircraft applications - Says audit of statutory accounts for 2023 is ongoing, and it expects to publish final results in late June. Says main contributors to the extended timeline are impairments to the carrying value of certain intangible and tangible assets, and revenue recognition delays. The latter mainly relates to revenue generated from engineering, testing and tooling services provided to OEM customers during the contract's development phase. Regarding impairments, Surface Transforms "has applied a significantly higher discount rate in its assessment of its intangible assets and whether there is any indication of impairment"; as for tangible assets it "has identified that a particular furnace was not performing to contracted specification" and does not believe a cost-effective solution is possible. Expects to recognise an estimated GBP6.2 million non-cash impairments to intangible assets, and GBP3.0 million to tangible assets. Company also says it has re-assessed its revenue recognition policy, which will result in development revenues being recognised upon completion of system integration by the OEM or when control is passed over for the contracted services, as opposed to in line with work performed and percentage completed. It expects this change to transfer around GBP2.0 million in total from 2023 into future years.

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18 Jun 2024 11:07

AIM WINNERS & LOSERS: Crossword jumps; Longboat extends gains

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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24 May 2024 16:14

TRADING UPDATES: Surface Transforms and FRP placings oversubscribed

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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3 May 2024 20:10

TRADING UPDATES: Eqtec trading in line; Surface Transforms fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

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2 May 2024 10:48

AIM WINNERS & LOSERS: Surface Transforms sinks on discount placing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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1 May 2024 18:26

Surface Transforms plans to raise GBP8.5 million for working capital

(Alliance News) - Surface Transforms PLC on Wednesday said it plans to raise GBP8.5 million.

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17 Apr 2024 09:51

Surface Transforms shares fall as sets out "worst case scenarios"

(Alliance News) - Surface Transforms PLC on Wednesday eyed annual sales growth, despite constrained first quarter.

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17 Apr 2024 09:03

Surface Transforms expecting decent sales growth

(Sharecast News) - Carbon fibre-reinforced ceramic disc brake materials manufacturer Surface Transforms provided detailed sales guidance for 2024 on Wednesday, in response to shareholder demand for a 'worst case' forecast.

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9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

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9 Apr 2024 10:32

Surface Transforms sinks 30% on production issues and delayed results

(Alliance News) - Shares in Surface Transforms PLC sank on Tuesday, after the company said it was continuing to remedy production problems at its Liverpool site and announced a delay to the publication of its 2023 financial results.

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8 Jan 2024 11:30

Surface Transforms optimistic for 2024 to 2027 as eyes new contracts

(Alliance News) - Surface Transforms PLC on Monday maintained its revenue guidance for 2024 as it hailed a "very positive" outlook for 2024 to 2027.

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11 Dec 2023 17:54

TRADING UPDATES: Surface Transforms signs GBP13.2 million loan deal

(Alliance News) - (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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11 Dec 2023 15:45

UK shareholder meetings calendar - next 7 days

Tuesday 12 December 
Atalaya Mining PLCEGM re redomiciliation to Spain from Cyprus
Blackrock Greater Europe Investment Trust PLCAGM
Distil PLCGM re placing and subscription
Gelion PLCAGM
Henderson International Income Trust PLCAGM
Time Out Group PLCAGM
Wednesday 13 December 
Dechra Pharmaceuticals PLCAGM
Limitless Earth PLCAGM
Softcat PLCAGM
Volution Group PLCAGM
Thursday 14 December 
Aeorema Communications PLCAGM
CleanTech Lithium PLCGM re equity raise approval
Driver Group PLCFull Year Results
eEnergy Group PLCAGM
Ethernity Networks LtdGM re authority to allot shares on non-preemptive basis
Fintech Asia LtdAGM
Helium One Global LtdAGM
Marwyn Value Investors LtdAGM
Quarto Group IncGM re cancelling trading on London's Main Market
Sareum Holdings PLCAGM
Friday 15 December 
Abingdon Health PLCAGM
Aptamer Group PLCAGM
Bellway PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DCI Advisors LtdAGM
Ethernity Networks LtdGM re subscription agreement
Frontier IP Group PLCAGM
Holders Technology PLCGM re AIM delisting, tender offer
Renalytix PLCAGM
Schroder Real Estate Investment Trust LtdEGM re proposed amendments to the investment policy
Ultimate Products PLCAGM
Wentworth Resources PLCAGM
Monday 18 December 
Ascential PLCGM re proposed sale of digital commerce business
Braemar PLCAGM
Eqtec PLCEGM re capital reorganisation
Fandango HoldingsAGM
Grit Real Estate Income Group LtdAGM
LondonMetric Property PLCGM re revised directors' remuenration policy
Nightcap PLCAGM
Surface Transforms PLCGM re fundraising
TechFinancials IncAGM
  
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11 Dec 2023 11:32

Surface Transforms raises GBP2.7 million via open offer of shares

(Alliance News) - Surface Transforms PLC said it raised money via an open offer of shares.

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14 Nov 2023 16:23

TRADING UPDATES: Technology Minerals, Beeks Financial hail deal wins

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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