What a fall! Previously well above 50p on the hope that their screens would revolutionise advertising....but whilst it looks a good product it requires careful manufacture and the investment has dropped away, it seems ( DYOR!).
However, it's surprising there is no-one interested (here), since Displays (if they become popular) will result in large sales - however, there is an alternative (leaving aside LED which is a bit grainy - although that could change if an led assembly was made to address the "large-screen" market). I don't know the name sadly, but it is being made in the US by someone like Ricoh - not an enormous player, but large enough...sorry don't know what their technology is either......(oops).
My fear with SCT is that the punters have got themselves excited too soon....if fresh funding is needed it will have to be at a discount to the recent 35p-ish....so I guess they'll go about 25p.....and consequently (uunless Directors chip-in) the Market price will follow for a while.
The funding is needed to make a faster manufacturing machine....the technology appears to be OK and they have some displays out on trial....can't say I was over-impressed, but maybe at 25p, it might be a buying opportunity. At recent c.70p I was wary and whilst it is nice to support technology, it can hurt and this has been demonstrated although somewhat unexpected even by a cynic like me!
. If there is a snag it's two: this new technology could eclipse SCT on size -- - since SCT is fixed as a multiple of 15" "laptop" screens, this is a worry as consumers demand larger screens and once the market moves-on SCT could find sourcing expensive...although now that is a distant issue only. Being fixed as a multiple of 15" is fine.....but if the "new tech" screen was just 10% bigger it would beat SCT into a cocked-hat for "attention" and SCT still has a feint "tiling" effect to master. (DYOR, it may be 16").
I don't hold for the reasons stated, but I might at the right price...it's easy to pay too much...I usually do!

MTI Partners are splashing the cash about again...see below for very recent news:

MTI partners with the University of Manchester to set up fund for development of research based businesses.

MTI has entered into a partnership with the University of Manchester to set up a 50m venture capital fund to invest in research based businesses emerging through the Universitys technology transfer option. It will be the latest and biggest of a growing group of specialist investment vehicles aimed at stimulating commercialisation of university research in Britain.

MTI Partners, a UK based investment manager, said Manchester had "a stunning portfolio of technology that we cant wait to be involved in"

http://www.mtifirms.com/MTINews.aspx?Latest=1

No news yet but Level 2 is the best it can be at 3 v 1. Just LAND on the 2.75 pence offer. More chance of tick ups.

Another BUY-IF signal from British Bulls after close on Friday. IMO we will get the BUY confirmed from them when the news is out and the price starts rising.

BUY-IF

2.3800
0.0000 0.00


SCT
Screen Technology Group PLC
Daily Commentary

Our system posted a BUY-IF today. The previous SELL recommendation was made on 21.09.2007 (28) days ago, when the stock price was 8.5000. Since then SCT has fallen -72.00% .


The last two candlesticks formed a Bullish Harami Cross Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

http://www.britishbulls.com/StockPage.asp?CompanyTicker=SCT&MarketTicker=Industrials&TYP=S

From last month:

Shearline makes it big with Screen Technology

Shearline, Cambridgeshire’s award winning manufacturing company, has just completed the production and manufacture of the world’s biggest ‘ITrans’ Modular digital display system for AIM listed Screen Technology, a specialist developer of large format display screens.



Shearline, recognised throughout the industry for its integrated engineering and manufacturing service, has been working with Screen Technology as its UK manufacturing partner in the development of ITrans, the company’s revolutionary high-resolution, large format digital screen technology.

This latest project has seen the manufacture and production of 24 ITrans Modular display systems at Shearline’s showcase manufacturing facilities in Ely, Cambridge. Put together, the system measures an enormous 200 inches diagonally.

The screen, which has been assembled at Screen Technology’s Cambridge Demonstration Facility, provides high resolution moving video quality images and clear information, which can be viewed at any distance, even in bright sunshine, which makes it ideal for public information and advertising displays in areas such as shopping centres and airports.

Based on patent protected technology, Screen Technology’s ITrans Modular displays are 34 inch ‘building blocks’ designed to be seamlessly tiled together to create screens in almost any shape or size with none of the disadvantages – sub pixilation and image break up - associated with some LEDs and plasma displays when viewed too close.

David Lonsdale, Shearline’s Sales and Marketing manager, comments,

“We’ve been working with Screen Technology for a number of years now – from early production development through to full scale manufacture – and we’re absolutely delighted to part of the team that has created the company’s largest display system to date.Screen Technology has developed a compelling and unique product and like them we are sure that this latest display system is set to have a massive impact on the world-wide, multi million pound digital display market.”

Tom Jarman, Screen Technology’s CEO, adds,

“With its broad manufacturing capability, a sound understanding of our ITrans technology and its flexible and responsive commitment to out needs, Shearline has proved to be an excellent partner.All at Screen Technology and Shearline can be very proud to have created a genuine and compelling world first in large format displays, which has created a real stir in the industry. Never before has pin-sharp image clarity in any environmental condition – including bright sunshine – been available in a display of unlimited size and shape. We see a huge market for this breakthrough technology for the digital signage market, a multi $Bn market that is growing at more than 30% pa.”

http://www.shearline.co.uk/news/?p=50

it all looks absolutely great, apart from no sales and no cash
sort those out and you have a winner!

From Results last month:

The conversion of this interest and opportunity into sales has been slower than
expected. The Board believes that this is a consequence of a lack of comparable
products to establish market expectations, "growth pains" of a young and
emerging digital signage market and the natural early adopter reticence with any
revolutionary new product. In addition, Hantarex are behind expected schedule
for the availability of their modular product. Nevertheless the opportunity is
great and ITrans offers a compelling product, so sales growth is expected to be
very significant once early momentum has been achieved.

Product capacity

The Company has established strong trading relationships with Gerresheimer
Wilden in Germany and the Czech Republic, Hantarex in Italy and Shearline in
Ely. Two high speed machines are available for installation over the coming
months as demand comes on stream, one is due to be installed in the Czech
republic and one in Ely. This is a highly scaleable production business model
which enables volume manufacture but controls working capital need. This puts
the business in a position where it can quote for larger orders, the first of
which is now anticipated in early 2008.

Level 2 is still v.positive at 3 v 1 with just LAND on the 2.75 pence offer.

The normal market size seems to have increased with the 25,000 shares trade reported straightaway. That would have been delayed in reporting by 2 hours last week.

2.00-2.50 pence, Level 2 is 2 v 1 with WINS on the 2.50 pence offer. Real spread is 2.06-2.18 pence.

problem is no cash
If that is sorted, they will probably multi-bag straight away
If it ain't sorted, they are probably worthless

They only have cash till the year end or so, so they do not have a lot of time left.

I think MTI are going to take them private, which means ord. shareholders could end up with very little. imo.

I think MTI will take it private too, but at well above today's price. I spoke to Tom Jarman at lunchtime and he was able to say they are working very hard to get the product off the ground. Other options like trade and partner support is also being looked at. He was also able to say that they will review where they've got to in 8 weeks time.

IMO if one big sales order comes through then this could easily be a ten bagger.

think they have to review it in 8 weeks time as that is when the cash runs out!

Its a high risk game here, but if there is some good news in the next few weeks you are right, could 10 bag from here no problems.

Agree.

Level 2 closed at 2 v 1 and real prices closed at 2.06-2.18 pence. IMO we are more less at the bottom with the current mkt capt only reflecting the value of the AIM listing. No value of the business is priced in at these levels. IMO the recent fall has been exaggerated with Schroders selling up and I am still expecting the price to bounce back up strongly to the 5 pence levels even without news as those who were short close their positions buy back stock and on hopes of some orders. If some orders do get announced then 10 pence will come in a flash. Alternatively some outsider could take the company private. High Risk High Reward as things stand!

British Bulls: still a BUY-IF again after today's close.

BUY-IF

2.2500
-0.1300 -5.46


SCT
Screen Technology Group PLC
Daily Commentary

Our system posted a BUY-IF today. The previous SELL recommendation was made on 21.09.2007 (31) days ago, when the stock price was 8.5000. Since then SCT has fallen -73.53% .

The BUY-IF alert is still valid. A confirmation today however is denied. The pattern is not rejected yet since the day was not a long black candlestick one.

http://www.britishbulls.com/StockPage.asp?CompanyTicker=SCT&MarketTicker=Industrials&TYP=S

Couple of good buys already...50K buy at 2.18 pence and 55,000 buy at 2.25 pence. Online buy price has ticked up and very surprised to see that 50,000 trades reported straightaway. Trades over 3,000 shares were delayed in reporting by 2 hours before. Level 2 is still 2 v 1.

2.00-2.75 pence, up on the offer. L2 is v.postive at 3 v 1 now.

Finally tick up on the bid. 2.25-2.75 pence, Level 2 is 1 v 1.

Looking v.good now with strong volume. 2.50-3.00 pence, Level 2 is 1 v 1. Should see more big gains tomorrow IMO.

Very good volume today and the price is now poised for some good gains during rest of this week. A double bottom formation has completed at 2.30 pence. IMO the price should get to 5-6 pence even without any news in the coming days. Any good news should on funding or sales should propel the share price to double figures. Level 2 closed at 1 v 1 and more importantly LAND have moved of the offer (the MM who had surplus stock). All the other MMs have taken positions above 3 pence on the offer. Chart + indicators are also nicely poised!