Strip Tinning Share Discussion Threads

[turvart] 01/5/2024 19:45

I bought 2500 today after coming across it this morning, I've had a few hours research and it looks promising for the future. Looking at this today it's looking like a stock to buy and holding for a couple of years at least, this is why I'm only investing just under £1200, I'm not going to add any more it either comes good or drops down in my portfolio. I feel confident with what I've researched but as per usual we will see, IMO we could be looking at a company valued well over 200 Mln in a couple or 3 years time and it may even be a takeover target before then.

[nico115] 30/4/2024 16:32

I doubt we will need a placing And if we do will be for a $50m contract which will rerate us anyway . This reminds me of Melrose in its infancy .

[rivaldo] 30/4/2024 09:25

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.

[andyview] 30/4/2024 08:52

Slower progress than I’d hoped but progress still

Gla

[citys2874] 30/4/2024 08:20

i've bought some more today this is heading to 70.00+

[citys2874] 30/4/2024 08:15

GPIM Limited purchasing more shares increasing stake from 5 percent to 6.03 RNS came out yesterday after opening bell....that's why there was chunky buys yesterday

[citys2874] 30/4/2024 08:12

brokers note target price 75.00 given today

[citys2874] 30/4/2024 07:42

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

[citys2874] 29/4/2024 22:22

will be achieved tomorrow....reapz2345

[reapz2345] 29/4/2024 17:33

Another contract win will likely push this much higher, however charts showing 58p+ by the end of next month based upon analysis earlier today (https://twitter.com/Share_Talk/status/1784904224599597159?t=yc76ATvlE7kTiupb1GEu4Q&s=19) Although this could be achieved much sooner based upon buying towards today's close.

[reapz2345] 29/4/2024 17:31

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

[citys2874] 29/4/2024 16:23

big buys coming in strong now

[citys2874] 29/4/2024 16:12

in the top 6 gainers on the gainers percentage leaderboard now, broken past 200 day average - technical breakout underway

[citys2874] 29/4/2024 15:58

in the top 8 risers on the leaderboard now momentum picking up ....should close above 50.00 today

[hatfullofsky] 29/4/2024 09:49

Just joined the party after reviewing the capital raise.

£4m in CLN would normally scare me but it's with Hargreaves Hale, Octopus and Amati. Their holding could go over 30% if all called which would significantly dilute Richard Barton of 47.5%, which is a good thing.

EV Contract news is great but 12 - 24 months away.

Starter position taken at 43p

[citys2874] 29/4/2024 09:18

in the top 10 gainers on the leaderboard risers this is a multi-bagger in the making and still very cheap see this rising above 100.00 this year

[citys2874] 29/4/2024 09:14

45.00 taken out very strong buying momentum and good volume today

[citys2874] 29/4/2024 09:13

Yes could rise up massively once this breaks 50.00s will move to 60.00s very quickly

[andyview] 29/4/2024 09:03

About a year ago this ran up from the 40’s to 60’s in the space of a day or two, does move quickly

Gla

[citys2874] 29/4/2024 08:56

In the top 20 gainers on the leaderboard risers today....market makers are primed and ready to let this go

[nico115] 29/4/2024 08:41

Nice mention from pat viera has got this going this morning . Far too cheap .I bought a few at 36p and want triple digits .

[citys2874] 29/4/2024 08:39

Great opening buying pressure this morning can we see this breakout above 50.00+ today

[andyview] 29/4/2024 08:34

Nice move up this morning, nt at the moment and we could see this move higher today

Gla

[andyview] 26/4/2024 09:31

Been here a while but certainly seen some positive developments recently, great news for stg.

gla

[citys2874] 26/4/2024 08:58

all buys this morning mms should tick this up very soon