DJ Hardman & Co Research on Surface Transforms (SCE): The large growth is now self-financing
Hardman & Co Research Hardman & Co Research on Surface Transforms (SCE): The large growth is now self-financing 06-Oct-2022 / 14:20 GMT/BST
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Hardman & Co Research on Surface Transforms (SCE):
The large growth is now self-financing
SCE is raising equity: GBP16m through a successful placing at 40p and up to GBP3m 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. This is a very fast-growing market. An extra order is expected this year. With an order book twice the market capitalisation and a prospective further book twice that again, the fundraise is clearly designed to bring to fruition those pending orders, now that the OEMs are assured of significantly growing fulfilment capacity.
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End of Announcement - EQS News Service
1458593 06-Oct-2022
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(END) Dow Jones Newswires
October 06, 2022 09:20 ET (13:20 GMT)
