ISIN:GB0002892528

Hardman & Co Video | Surface Transforms (SCE) Open Offer and Q&A

Retrieved on: 
Thursday, December 14, 2023
CFO, SCE, Security (finance), Mobile phone

Following the recent announcement of a placing and public offer by Surface Transforms, the management team of David Bundred, chairman, Kevin Johnson, CEO, and Isabelle Maddock, CFO, appeared on Hardman Talks to explain the need for further funding.

Key Points: 
  • Following the recent announcement of a placing and public offer by Surface Transforms, the management team of David Bundred, chairman, Kevin Johnson, CEO, and Isabelle Maddock, CFO, appeared on Hardman Talks to explain the need for further funding.
  • The most pressing issue for investors is the delay in achieving the fourfold production rise for which the production line has been expanded.
  • Output in October ran at £1m, which is a rise of two-and-a-half times compared with the average rate last year.
  • Hardman & Co Research can still be accessed for free after MiFID II.

Hardman & Co Research on Surface Transforms (SCE): Funding for growth: Open Offer

Retrieved on: 
Sunday, December 10, 2023
SCE, PAT, Growth, OEM

Hardman & Co Research on Surface Transforms (SCE): Funding for growth: Open Offer

Key Points: 
  • Hardman & Co Research on Surface Transforms (SCE): Funding for growth: Open Offer
    The issuer is solely responsible for the content of this announcement.
  • In the past two years, Surface Transforms (SCE) has quadrupled its order book, raised monthly sales run rates from £0.2m to £1.0m and expanded its capacity four-fold to a £20m pa sales rate.
  • A 3 November update pointed to production teething troubles.
  • October sales of £1.0m were below prior estimates, so we significantly reduced our 2023 and 2024 estimates.

Hardman & Co Research on Surface Transforms (SCE): Interim results

Retrieved on: 
Thursday, September 28, 2023
Carbon, SCE

SCE interims, yesterday, reported a loss, so the chairman’s statement of “considerable strategic progress” is notable.

Key Points: 
  • SCE interims, yesterday, reported a loss, so the chairman’s statement of “considerable strategic progress” is notable.
  • The automotive brake market is strong, all the more so in SCE’s market of carbon ceramic discs.
  • SCE’s order book since end-2020 is up nearly six-fold and it makes an explicit statement as to supportive customers and prospects for more orders.
  • Capital investment is in place and operational for our 2023 sales estimates, and there is clear line of sight for £50m p.a.

Hardman & Co Q&A on Surface Transforms (SCE): Production ramp up secured in a potential £2bn a year market

Retrieved on: 
Thursday, May 18, 2023
Hardman, Growth, SCE, LON, Interview, Hardman & Co.

Surface Transforms is the topic of conversation when Mike Foster, Analyst at Hardman & Co joins DirectorsTalk Interviews.

Key Points: 
  • Surface Transforms is the topic of conversation when Mike Foster, Analyst at Hardman & Co joins DirectorsTalk Interviews.
  • In this interview, Mike explains where we are currently, despite several downgrades over the past year, but with prospects now underpinned by the resolution of the production output.
  • We also take a closer look at the numbers for 2023 and beyond, and examine the risks involved.
  • Surface Transforms plc (LON:SCE) is a highly innovative company, with its own patented materials technology and who are continually developing new processes for the production of carbon-ceramic materials and new products for various applications.

Hardman & Co Research on Surface Transforms (SCE): A major quantum production ramp up now secured

Retrieved on: 
Tuesday, May 9, 2023
SCE, OEM

Final results were announced on 17 April, together with 1Q’23 sales and an update on the now rectified major production hiccough.

Key Points: 
  • Final results were announced on 17 April, together with 1Q’23 sales and an update on the now rectified major production hiccough.
  • In November 2022, SCE announced a second OEM 10 contract, the largest for SCE to date.
  • OEM 8 comprises the large majority of 2023 and 2024 revenue and was scheduled for a rapid 2022 start of production, but OEM 8 requested a few months’ pause.
  • SCE’s resolution to the production problem comes after half a year’s disruption in this major growth story.

Hardman & Co Video | Surface Transforms (SCE) Presentation and Q&A with the Board

Retrieved on: 
Friday, April 28, 2023
II, Ceramic, Markets in Financial Instruments Directive 2014, Carbon, Security (finance)

In this edition of Hardman Talks we were joined by the senior management of Surface Transforms, the carbon ceramics brake manufacturer.

Key Points: 
  • In this edition of Hardman Talks we were joined by the senior management of Surface Transforms, the carbon ceramics brake manufacturer.
  • Watch it here: https://youtu.be/H4DOtiz0IlI
    Surface Transforms management presented a fascinating webinar on 21 April 2023, focusing on results for FY 2022 and the resolution of production issues.
  • Read more about the event here: https://hardmanandco.com/surface-transforms-fy22-results-webinar/
    To be first in the know about Hardman & Co’s latest digital events, subscribe to the mailing list here .
  • The Hardman Talks series is designed to share the latest sector insights and company investment cases from our corporate clients and our expert team of analysts.

Hardman Talks Video Event | Surface Transforms Management Presentation and Q&A

Retrieved on: 
Saturday, April 15, 2023
Hardman, Hardman & Co., II, Markets in Financial Instruments Directive 2014, Q&A, Cryptocurrency

We are delighted to announce Surface Transforms will be presenting a live webinar on Hardman Talks at 10:30am on Friday 21 April 2023.

Key Points: 
  • We are delighted to announce Surface Transforms will be presenting a live webinar on Hardman Talks at 10:30am on Friday 21 April 2023.
  • Surface Transforms will be reporting its results for FY 2022 on 17 April 2023, following the recent trading update where the company announced that production capacity issues have been resolved.
  • CEO Kevin Johnson said: “We regard the progress made on resolving all the production technical issues to have been a major strategic breakthrough for Surface Transforms.
  • A recording of the webinar will be available on the Hardman & Co website shortly after the event for those cannot attend the live presentation.

Hardman & Co Research : Surface Transforms (SCE): Major OEM 10 order, OEM 8 delay resolved

Retrieved on: 
Sunday, December 18, 2022
Growth, SCE, OEM, Lithium

Hardman & Co Research : Surface Transforms (SCE): Major OEM 10 order, OEM 8 delay resolved

Key Points: 
  • Hardman & Co Research : Surface Transforms (SCE): Major OEM 10 order, OEM 8 delay resolved
    The 24 November OEM 10 order raised the order book 50%.
  • Even before this, it had quadrupled in under two years.
  • This latest £100m lifetime (six-year) order with OEM 10 is the second order from this US mega-OEM – a major cornerstone.
  • A major milestone was achieved this half-year, as SCE registered several profitable months.

Hardman & Co Research on Surface Transforms (SCE): The large growth is now self-financing

Retrieved on: 
Thursday, October 6, 2022
Original equipment manufacturer, Rest, SCE

SCE is raising equity: 16m through a successful placing at 40p and up to 3m via an Open Offer.

Key Points: 
  • SCE is raising equity: 16m through a successful placing at 40p and up to 3m via an Open Offer.
  • This will fund the completion of Factory One and most of Factory Two, with positive operating cashflow then doing the rest.
  • With capital now in place, internal cashflow would fully fund, year-in/year-out, 30%-plus annual growth.
  • Please click on the link below for the full report:
    If you are interested in meeting the company, you can register your interest by clicking on the above link

Hardman & Co: Hardman Talks Video | Surface Transforms Surface Transforms presentation and Q&A with the Board

Retrieved on: 
Thursday, October 6, 2022
Financial Conduct Authority, Growth, FCA, NEWS, YouTube, Companies House, Original equipment manufacturer, Carbon, Hardman & Co., Research, Directive 2014/65/EU, II, Knowledge, Ceramic, Security (finance)

In this edition of Hardman Talks we are joined by the senior management of Surface Transforms, the carbon ceramics brake manufacturer.

Key Points: 
  • In this edition of Hardman Talks we are joined by the senior management of Surface Transforms, the carbon ceramics brake manufacturer.
  • The shares offer an opportunity to participate in a UK growth story in the manufacturing sector with good green credentials to boot.
  • To be first in the know about Hardman & Cos latest digital events, subscribe to the mailing list here .
  • The Hardman Talks series is designed to share the latest sector insights and company investment cases from our corporate clients and our expert team of analysts.