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!

Sharecast:

Screen seals 0.5m Shearline loan

LONDON (SHARECAST) - Large screen display maker Screen Technology recorded gains Tuesday on news it has entered into a 0.5m loan and trading agreement with Shearline Precision Engineering

The agreement underpins a key strategic relationship with Shearline and provides the company with 500,000 of working capital funding, it said.

Shearline, an established strategic partner which makes iTrans tiles and modules on behalf of Screen, will receive repayments in equal instalments over 60 months.

The money will fund the Screen's existing debt of 333,694 from Shearline and help cover further manufacturing and development costs.

We are delighted with this further strengthening of our relationship with Shearline which also provides us with significant additional financial resources, said non-executive chairman Peter Smyth.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=1724708

Posted on the website in the past week:

October 2007
ITrans Modular Hits the High Street
ITrans Modular, the revolutionary building block display system from Screen Technology, has hit the high street with its first installation at Virgin Megastore, Piccadilly.

A 91 screen has replaced the 62 system in the window on Piccadilly Circus providing an even more eye-catching and captivating display. The screen was assembled on site by clipping together 6 ITrans modules in a 3 by 2 array, giving a screen area of 2.14m, doubling the size of the original screen.

The ITrans and Virgin Megastore venture has already proved to be successful with the 62 screens, giving significantly increased sales at stores where the screens are located (Avril Lavignes latest album sold 43% more copies in stores with the ITrans technology).

The screen shows advertising content for the latest products sold within the Virgin Megastores, as well as up to date entertainment news on a scroll bar along the bottom this is a feature that has now been applied to the other ITrans screens in the Virgin Megastores network.

The ITrans Modular technology is particularly suited to this kind of environment because as well as being daylight viewable and high resolution like its fixed format predecessor, it can be assembled into any shape or size from the 34 ITrans video-cubes making it ideal for large or small shop windows of just about any shape.

Tom Jarman, CEO of Screen Technology, commented: We are thrilled to have moved onto the next step with Virgin Megastore and installed an ITrans Modular screen. We believe that ITrans Modular is ideal for retail locations as it provides all the qualities that high street digital signage needs brightness, high resolution and large size scalability.



http://www.screentechnology.com/ITransModular.php

Pump and dump round 2 by active or chancer from advfn !

After Close Tonight: British Bulls. They were right with they previous BUY recommendation at 2.25 pence.

BUY-IF

5.2500
+1.1200 +27.12%

Screen Technology Group PLC
Daily Commentary

Our system posted a BUY-IF today. The previous SELL recommendation was made on 31.10.2007 (6) days ago, when the stock price was 5.1300. Since then SCT has gained 2.34% .

A bullish pattern has developed and a BUY-IF alert is issued today.

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

Independent Newspaper:

Among the top performers was Screen Technologies, which rose 27.27 per cent to 5.25p after it secured a loan that provides it with 500,000 of working capital. It will use the loan to fund existing debt and manufacturing and development costs.

http://news.independent.co.uk/business/analysis_and_features/article3135402.ece

The way I see it is that nearly 2/3ds of the new loan is already spoken-for by way of existing 333k debt. SO the ann. really only adds a small amount 200k to an already-extended loan.
The snag with loans is that they are No-1 in the list of creditors ( investors are No 99), so it's possible SCT could be taken out by shearline. Does anyone else read the ann. this way?

The comments about increased sales ( at Itrans-equip Stores), may be styatistically correct - but is it because of the screen . . . . and wouldn't the smaller screen have made the same impact - unless there was a larger rival across the road?
I suspect any "increased sales" were due to the location of the store and that folks didn't just pass-by....only to rush-in a buy said album, - as a result of seeing a large TV in the window.
Grief, what kind of dumb-customers does VM think they are serving?

Just a note that this has fallen further, this looks worse than "Bad Retail Markets" - so I suspect this Co. is going down the tubes.......arrgh!


Incidently, the posted-photos (this thread) show what is wrong with their Screens IMHO - they are less eye-catching than the rest of the Window... or, is that my cynical-eye..?

1.5 - 2p ( that's down 17% today- ouch.)- yet not a peep from the Co.

23-05-08
Down 23% to "practically nothing"
This is in-line with an OPen-offer and placing....(about 1 for 2 ), obviously this puts a new-level on the sp.

G_R_I_E_F
- this is unlikley to show much value to long-term holders.
Indeed I wonder with energy-consumption soon being a "big issue" whether this technology will look very good.
The "new alternative" is Orgainic LED - which promises much larger screen sizes ( esp. for advertising) - it remains to be seen if the quality of colour is up to SCT......but I have doubts SCT really can deliver what consumers want: Leaving SCT is a small-pool that's rapidly drying up.
Bargepoles . . .IMHO.
+ Any other views?

11 June08
a paltry 150-worth (Sold) manages to drop the sp by 14%

Are MM's feeling exposed?

Today 0.5p - - 1p = quite a Spread.

some redemption about - yet just 3k6 has raised the sp 30% - this is not serious.

EDIT : 18Sept08.120k Sells drops price 16% -( no buys) - this is the last throes, IMHO.
Spread is 0.5p - 0.75p - that's a long way from 75p a few years ago.