Surface Transforms* (SCE): Progress headwinds (CORP)
Surface Transforms has issued a trading update for the financial year ending May 2017. In many ways, this update is disappointing. It would appear that the most near-term OEM opportunity (OEM 3) has slipped with several knock-on impacts: the company will incur more development costs; the Capex budget might need to increase to allow automation of several processes; and programmes with OEM 2 and OEM 4 (both linked to