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STG Strip Tinning Holdings Plc

46.00
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Strip Tinning Holdings Plc LSE:STG London Ordinary Share GB00BMHN9M05 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 46.00 14,914 08:00:00
Bid Price Offer Price High Price Low Price Open Price
44.00 48.00 46.00 46.00 46.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fabricated Metal Pds, Nec 10.67M -4.93M -0.3186 -1.44 7.11M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:11:44 O 3,500 45.00 GBX

Strip Tinning (STG) Latest News

Strip Tinning (STG) Discussions and Chat

Strip Tinning (STG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-01 15:11:4545.003,5001,575.00O
2024-05-01 10:00:2047.001,173551.31UT
2024-05-01 09:15:4146.902,5001,172.50O
2024-05-01 08:02:0945.007,7403,483.00O
2024-05-01 07:00:4444.0010.44O

Strip Tinning (STG) Top Chat Posts

Top Posts
Posted at 01/5/2024 09:20 by Strip Tinning Daily Update
Strip Tinning Holdings Plc is listed in the Fabricated Metal Pds, Nec sector of the London Stock Exchange with ticker STG. The last closing price for Strip Tinning was 46p.
Strip Tinning currently has 15,459,714 shares in issue. The market capitalisation of Strip Tinning is £7,111,468.
Strip Tinning has a price to earnings ratio (PE ratio) of -1.44.
This morning STG shares opened at 46p
Posted at 30/4/2024 09:25 by rivaldo
Note that 2024 is a "transition" year as Singer Capital put it this morning.

Overall STG are forecast to make a £2.2m loss before tax this year, compared to a £1.5m loss last year. Even 2025 is forecast to bring a £1.2m loss.

EBITDA worsens this year to a £0.4m loss.

Net debt increases to £5m this year, up from £2.6m, and then worsens to £6.1m in 2025.

STG looks extremely "promising" as so many companies do, but as is so often the case it has a long way to go to deliver in terms of becoming (1) profitable and (2) cash-secure/generative.

Particularly as it looks like it'll need a fundraising at some point for working capital etc to support growth.
Posted at 30/4/2024 08:12 by citys2874
brokers note target price 75.00 given today
Posted at 30/4/2024 07:42 by citys2874
Annual results RNS out ...Could see another 25 percent rise today:

Today 07:00

RNS Number : 5002M
Strip Tinning Holdings PLC
30 April 2024

30 April 2024

Strip Tinning Holdings plc

("Strip Tinning" or the "Company")

Annual Results for year ended 31 December 2023

Financial performance in line with market expectations, with operational enhancements and strong sales pipeline leaving the Company well-positioned for accelerated growth

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce its full year results for the year ended 31 December 2023.

FY23 Financial highlights:

· Total Revenues of £10.8m (FY 22: £10.2m).

· Renamed Battery Technologies division (formerly EV division) product sales of £1.1m (FY 22: £1.2m).

· Glazing division product sales of £9.7m (FY 22: £8.9m).

· Adjusted EBITDA of £0.1m (FY 22: loss of £2.2m).

· £1.0m of cash generated from operating activities (2022: £4.2m outflow) with cash of £0.3m as of 31 December 2023 (2022: £1.3m).

· £5.1m fund raise completed post-period end in January 2024, leaving the Battery Technologies division sufficiently capitalised.



FY23 Operational highlights:

· Battery Technologies division well-positioned for growth acceleration, with an increasing pipeline and sufficient funding to capture the significant market opportunity.

· Growth in Glazing division driven by improved margins and valuable new production supply nominations.

· Glazing division now cash generative and able to fund its own growth plans.

· Further improved products, new product launch and production processes to the benefit of both customers and the Group, with Glazing division Gross Margins improved from 3.6% in 2022 to 28.7% in 2023.

· Maintained a strong commitment to responsible business practices with an A grade ESG rating for the third year running.



Board Changes

· Two planned changes to the Company's Board which will be effective from 1 June, with the promotion of Mark Perrins, the Group MD, to Group CEO and the transition of current CEO, Richard Barton, to Deputy Chair.



Outlook

· Strong momentum already demonstrated in 2024 with two significant new wins announced in the emerging "smart" glass market, in which Strip Tinning benefits from first mover advantage, with sales growth coming in 2025 once serial production commences.

· The Company anticipates securing further major programmes across its Battery Technologies and Glazing product lines throughout 2024, with a significant new Cell Contact System win for the Battery Technologies division expected in H1 2024, with sales from volume ramp up anticipated in Q4 2025.



Adam Robson, Executive Chair of Strip Tinning, commented: "We are delighted with the progress we have made in stabilising our operations during FY23, driven by the improvements and reorganisations implemented in 2022 and into 2023.



We believe that 2024 will be a formative year for Strip Tinning, with the strong momentum across the business already demonstrated by our recent wins worth £18.6m. This year we are securing the nominations that will return us to growth from 2025, and we will maintain the investment needed to maximise our success in converting the strong Battery Technologies and Glazing sales pipelines we have before us."







Investor Presentation

Strip Tinning will be hosting a webinar for investors on Wednesday 1st May 2024 at 12:00. If you would like to register for the webinar, please click the link below:

hxxps://www.investormeetcompany.com/strip-tinning-holdings-plc/register-investor
Posted at 29/4/2024 17:31 by reapz2345
According to  86.7% of shares in hands of either Directors or investment firms (TR1's), although likely to be other large holdings (less than 3%). So leaves only max of 13.3% remaining. And after the sustained buying, can only see supply drying up and pushing the price closer to 100p.However another 1% declared by an existing TR1 holder today, so less than 12.5% sitting here with holders excluding BoD and TR1 holders
Posted at 26/4/2024 09:31 by andyview
Been here a while but certainly seen some positive developments recently, great news for stg.

gla
Posted at 25/4/2024 14:42 by citys2874
getting press coverage now

Strip Tinning Holdings PLC - Birmingham, England-based provider of connection systems to automotive sector - Wins contract to supply 'smart' roof glass for a new electric vehicle range being developed by a German automaker. The contract is with a "leading European automotive Tier 1 systems manufacturer". Neither the direct customer nor the carmaker are named by Strip Tinning. It says supply of the polymer dispersed liquid crystal technology roof glass will start in the third quarter of 2026 and run until 2031. The contract is worth GBP12.3 million in its lifetime, peaking at GBP2.6 million per year. Strip Tinning says total lifetime sales value for all supplier nominations held by the company now is GBP52.7 million. Strip Tinning had GBP10.2 million in revenue in 2022 and GBP5.6 million in the first half of 2023.

Current stock price: 38.90 pence, up 3.7% in London on Thursday
Posted at 25/4/2024 08:25 by citys2874
RNS Number : 9383L
Strip Tinning Holdings PLC
25 April 2024

25 April 2024

Strip Tinning Holdings plc

("Strip Tinning" or the Company")

Record "Smart" Glass Nomination

Further major win in fast-growing "smart" glass segment, with an expected lifetime value of £12.3m

Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce the receipt of a further record Glazing nomination, from a leading European automotive Tier 1 systems manufacturer.

The glazing panels will be supplied to one of the premier German car OEMs and will be deployed across a new EV vehicle range.

Under the terms of the nomination, supply will start in Q3 2026 and run until 2031, with forecasted annual sales value peaking at £2.8 million and an expected lifetime value of £12.3 million, which increases by 46% the total lifetime sales value of Strip Tinning's Connectors nominations, from £26.8 million to £39.1 million[1]. The total lifetime sales value of all nominations held by the Company is now £52.7 million.

This nomination is the fourth which Strip Tinning has received in the "smart" glass market, a rapidly expanding segment of the automotive glazing market. Having identified Polymer Dispersed Liquid Crystal (PDLC) technology roof glass as a substantial growth opportunity for the Company, significant investment was made into "smart" glass production capabilities.

This win, in addition to the three previous "smart" glass nominations, further demonstrates the Company's first mover advantage within this growing market segment. The Company is now supplying smart roofing connectors to all the leading German automotive OEMs, underlining Strip Tinning's position as the supplier of choice for specialist connectors to the Glazing sector.

Adam Robson, Executive Chair of Strip Tinning, commented:

"We are proud to now be the preferred supplier of "smart" glass connectors to all the leading German OEMs, having been supplying these specialist connectors for two years. The further momentum we are now gaining is thanks to our first mover advantage within this market segment.

It is clear that the well-documented shift of the automotive sector towards EV production is not only opening doors for our EV battery cell contact systems division, but is also propelling our Glazing business, as exemplified by not only this win, but also our three prior "smart" glass nominations, both of which are within the EV market.

Looking ahead, we are confident there will be further opportunities within the "smart" glass sector and we continue to anticipate a significant new Cell Contact System win for our EV division in H1."

The person responsible for arranging the release of this information on behalf of the Company is Adam Le Van, Chief Financial Officer.

Enquiries:

Strip Tinning Holdings plc Via Alma

Adam Robson, Executive Chairman

Richard Barton, Chief Executive Officer

Adam Le Van, Chief Financial Officer



Singer Capital Markets (Nominated Adviser and Sole Broker) +44 (0) 20 7496 3000

Rick Thompson

James Fischer



Alma (Financial PR) striptinning@almastrategic.com

Josh Royston +44 (0) 20 3405 0205

Joe Pederzolli
Posted at 12/3/2024 21:46 by gb904150
so £4m of CLN's issued 17/01/24.

Difficult to know what's going on with this company but it certainly doesn't appear to be thriving.

I suspect it's one where everything got ramped in the run up to IPO Feb 2022 to maximise the IPO price....hence the 185p achieved.

Everybody then made enough at IPO to be comfortable and things will now gradually unwind over several years and perhaps at some point will offer some value to PI's.

Anybody got a more optimistic take than that? Perhaps I should review the last IMC meeting they did Sept 2023.
Posted at 08/11/2023 07:23 by andyview
More good news again this morning, momentum continues at Stg


Gla
Posted at 31/10/2023 14:33 by mr macgregor
After the German company terminated the EV contract in August 22, STG stated:

"Negotiations have begun with the contracted party to settle the liabilities arising from the decision and we will provide further information as these progress."

So STG wasted money on the contract and wanted redress. What they got a year later was:

"We believe we have reached an amicable settlement with this customer which leaves us free of any further costs arising from this dispute."

Looks like the Germans thought STGs solution wasn't up to much and the latter caved in, suggesting the boche had it right.
Strip Tinning share price data is direct from the London Stock Exchange

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