28 Sep 2022
Surface Transforms - Fund raise for the profitable growth phase
SCE is raising £16m through a placing (and up to a further £3m through open offer) to fund substantial expansion and additional working capital. This will enable the Group to grow to £75m revenue capacity in the near term, commence the build and equipping of a new factory and then (with internally generated free cash flow) scale to £150m revenue capacity and beyond. With a contracted order book of £190m and a prospective pipeline of £400m, this is clearly the time to seize the opportunity. The e ....
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Surface Transforms - Fund raise for the profitable growth phase
Surface Transforms PLC (SCE:LON) | 3.4 0 (-11.5%) | Mkt Cap: 12.1m
- Published:
28 Sep 2022 -
Author:
Michael Clifton | Cavendish Research -
Pages:
13
SCE is raising £16m through a placing (and up to a further £3m through open offer) to fund substantial expansion and additional working capital. This will enable the Group to grow to £75m revenue capacity in the near term, commence the build and equipping of a new factory and then (with internally generated free cash flow) scale to £150m revenue capacity and beyond. With a contracted order book of £190m and a prospective pipeline of £400m, this is clearly the time to seize the opportunity. The e ....