AIM WINNERS & LOSERS: Scirocco hails 'watershed' Ruvuma divestment
16th Oct 2023 10:39
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
Surface Transforms PLC - Liverpool-based carbon‐ceramic automotive brake disc manufacturer - Announces selection as tier one sole supplier of its brake discs to an existing mainstream customer named as OEM 10, "one of the world's largest automotive [original equipment manufacturers]". Company's discs will be used in a range of new electric vehicles, with production expected to start in 2027. Expects lifetime revenue on this range to exceed GBP100 million. Deal increases the value of its awarded lifetime contracts to over GBP390 million. It will require capacity beyond its current factory footprint and phase 2 capacity investment programme, but Surface Transforms has "sufficient time to implement the third phase...to provide GBP150 million per year of total sales capacity." Read More
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Surface Transforms PLC - Liverpool-based maker of carbon‐ceramic material automotive brake discs - Non-Executive Chair David Bundred and non-executive directors Ian Cleminson, Julia Woodhouse, and Matthew Taylor - constituting all the board's non-executive directors - buy 930,608 shares in total, at average price of 32.22 pence, worth GBP300,000, on Wednesday this week and Friday last week. Bundred now has 1.6 million shares, a 0.6% stake, while the other three have less than 750,000 shares each. Read More
Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre-reinforced ceramic materials - Says sales for the six months to June 30 are expected to be about GBP3.3 million, up 14% from GBP2.9 million a year before. Says within this total, the volume of manufactured discs during the period increase by more than 80%, reflecting the "improvements made in production during 2023; the remainder of the sales in both periods is pre-production development income". Read More
(Correcting description of James Cropper PLC). Read More
Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - Appoints Isabelle Maddock as Chief Financial Officer from September 4. Maddock was CFO of Liverpool, England-based shipping and marine operations company James Cropper PLC until last week Wednesday, and has 30 years of experience in finance. Read More
(Alliance News) - Surface Transforms PLC on Tuesday said it has appointed a new chief operating officer, who is set to leave his current company for the new role in early September. Read More
Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - Revenue for 2022 amounts to GBP5.1 million, up from GBP2.4 million in 2021. Says the growth has been driven by development revenue from contracts. Pretax loss widens to GBP6.0 million from GBP4.6 million, as total administrative expenses rise to GBP9.0 million from GBP5.8 million a year earlier. Loss per share stands at 2.34 pence, compared to a loss of 2.08p in 2021. Looking ahead, Surface Transforms expects to meet forecast revenue and profitability targets in 2023. Says it is confident that it will be profitable in the first quarter of 2023. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Surface Transforms PLC on Thursday said that while its new contract with US automotive company, OEM 10, was a considerable strategic win, production challenges throughout the year had been "frustrating". Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Surface Transforms PLC on Thursday said it has raised GBP16.0 million through a placing and subscription. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - Pretax loss widens to GBP2.5 million on the first half of 2022 from GBP2.2 million a year before. Total administrative expenses jump 45% to GBP4.2 million from GBP2.9 million. Revenue more than doubles to GBP2.9 million from USD1.2 million. Attributes this to increased sales to original equipment manufacturer customers, with a significant increase in development revenue to these same customers. Lifts sales guidance in the three years to 2025 by roughly 10% per year. Notes some "offsetting costs" of roughly GBP800,000, reflecting additional production overheads to support sales growth. Read More