Surface Transforms (SCE)

Sector:

Engineering

Index:

FTSE AIM All-Share

 9.20p
   
  • Change Today:
      0.000p
  • 52 Week High: 38.40
  • 52 Week Low: 8.15
  • Currency: UK Pounds
  • Shares Issued: 352.07m
  • Volume: 421,557
  • Market Cap: £32.39m
  • RiskGrade: 375

Surface Transforms agrees ?1m Merseyside growth loan

By Josh White

Date: Wednesday 24 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Carbon fibre-reinforced ceramic brake technology company Surface Transforms has agreed to a £1m Flexible Growth Fund loan from the Liverpool City Region Combined Authority (LCRCA), it announced on Wednesday.

The AIM-traded firm said the loan, administered by the Merseyside Special Investment Fund, was tied to capital expenditure and would be drawn down between 29 March and 29 September.

It said the loan carried interest at 2% over the Bank of England base rate, and would be repayable over five years in equal monthly instalments following a three-month repayment holiday.

The company said it had covenanted certain continuing employment levels as a part of the agreement.

"We would like to thank LCRCA and the Merseyside Special Investment Fund for their contribution to our investment and employment plans," said chairman David Bundred.

"In combination with the excellent support we are receiving from Knowsley Borough Council on other issues it is symptomatic of their collective wish to help.

"Liverpool City Region is, indeed, 'open for business'."

At 1251 GMT, shares in Surface Transforms were down 0.25% at 75.31p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SCE Market Data

Currency UK Pounds
Share Price 9.20p
Change Today 0.000p
% Change 0.00 %
52 Week High 38.40
52 Week Low 8.15
Volume 421,557
Shares Issued 352.07m
Market Cap £32.39m
RiskGrade 375

SCE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.86% above the market average17.86% above the market average17.86% above the market average17.86% above the market average17.86% above the market average
35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average35.29% above the sector average
Price Trend
92.91% below the market average92.91% below the market average92.91% below the market average92.91% below the market average92.91% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
51.67% above the market average51.67% above the market average51.67% above the market average51.67% above the market average51.67% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average

SCE Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 30,000 @ 9.20p
16:15 18,062 @ 9.14p
16:11 5,429 @ 9.14p
15:02 283 @ 9.00p
14:32 276 @ 9.01p

SCE Key Personnel

CEO Kevin Johnson

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