Coronavirus impact: 22 June - patience will hopefully bring reward, but it’s taking a long time
Technology in the automotive sector can often bring big rewards, but shareholders also often need a large degree of patience, as this company illustrates
Surface Transforms: plenty of promise, but slow progressSurface Transforms (AIM:SCE), the developer of carbon-ceramic materials and the UK’s only manufacturer of carbon-ceramic brakes for automotive use, announced results for the 7 months ending 31 December 2019 which were broadly as anticipated. While revenues increased 180% to £1.45m, they remain modest for a business which is valued at £32m. The post-tax loss of £1.3m was after research costs increased to £1.5m and other administrative expenses increased by £91k to £1m. The cash outflow in the period of £1.1m was only after receiving £523k of tax credits. Thankfully, period end cash of…