Surface Transforms (SCE)

Sector:

Engineering

Index:

FTSE AIM All-Share

32.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 57.50
  • 52 Week Low: 30.75
  • Currency: UK Pounds
  • Shares Issued: 240.61m
  • Volume: 99,328
  • Market Cap: £77.00m
  • RiskGrade: 375

Surface Transforms selected as tier-one brake disc supplier to 'major' US auto firm

By Iain Gilbert

Date: Tuesday 17 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Brake discs manufacturer Surface Transforms said on Tuesday that it has been selected as a tier-one supplier to "a major mainstream US automotive company".
Surface Transforms stated that all terms and conditions of the deal had been agreed, with the company set to be the sole supplier of carbon ceramic brake discs as standard fit on both axles of a new edition to an existing internal combustion engine car.

The AIM-listed group anticipates the lifetime revenue on the specific contract will be approximately £20.0m, commencing in mid-2024, while annual revenue was estimated to be roughly £5.0m per year from 2025 to 2027 inclusive, with approximately half that sum in 2024 and 2028.

Chief executive Kevin Johnson said: "This is a very significant win for Surface Transforms. The customer is one of the most respected names in the industry and provides a further key reference point for other OEMs.

"The contract win was one of those anticipated in the recent fundraise, and thus remains within our previously stated capacity requirements. We look forward to further extending our relationship with this new customer."

As of 0915 BST, Surface Transforms shares were up 9.68% at 68.0p.

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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 32.00p
Change Today -1.50p
% Change -4.48 %
52 Week High 57.50
52 Week Low 30.75
Volume 99,328
Shares Issued 240.61m
Market Cap £77.00m
RiskGrade 375

SCE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.33% below the market average23.33% below the market average23.33% below the market average23.33% below the market average23.33% below the market average
37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average
Price Trend
75.92% below the market average75.92% below the market average75.92% below the market average75.92% below the market average75.92% below the market average
94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average
Income Not Available
Growth
6.53% below the market average6.53% below the market average6.53% below the market average6.53% below the market average6.53% below the market average
12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average

SCE Dividends

No dividends found

Trades for 24-Mar-2023

Time Volume / Share Price
16:40 5,000 @ 32.00p
15:44 5,000 @ 32.00p
15:44 5,000 @ 32.00p
15:21 10,000 @ 32.02p
12:30 5,000 @ 32.30p

SCE Key Personnel

CEO Kevin Johnson
Finance Director Michael Cunningham

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