Surface Transforms: Brakes Coming Off

Surface Transforms (AIM: SCE) are unchanged at 47p where the Mkt Cap is £92m, after reporting Interims to June. Its revenues improved 137% to £2.9m and reported an increased loss of £2.5m although its capital expenditure increased to £2.8m as capacity is build to handle strong  demand. SCE manufacture carbon fibre reinforced ceramic automotive brake discs which are in strong demand for electric vehicles. These brakes are used on high spec cars and OME clients include as Bentley, Maclaren, Ferrari, Land Rover, Aston Martin and Tesla. All are looking for security of supply as wel...

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