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STG Strip Tinning Holdings Plc

46.00
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Strip Tinning Investors - STG

Strip Tinning Investors - STG

Share Name Share Symbol Market Stock Type
Strip Tinning Holdings Plc STG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 46.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
46.00 46.00 46.00 46.00 46.00
more quote information »
Industry Sector
AUTOMOBILES & PARTS

Top Investor Posts

Top Posts
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 12/3/2024 17:03 by rambutan2
A reminder. Need to add on CLN (details on pgs 23-24) to mkt cap:
Posted at 13/6/2023 13:43 by andyview
A few more buys passing through. I wonder if we’ll get further director dealing news?

Gla
Posted at 23/5/2023 15:28 by selwyn1
Hi, I’ve been a holder for nearly a year now. I’am disappointed by the lack of contract progress as there appeared to be a few very positive irons in the fire. The EV market is flying at the moment but ST aren’t winning any business. The slide over the last few weeks appears to show that investors are losing confidence.
Posted at 28/9/2022 14:21 by gb904150
hi selwyn1,

no, but i can see from the last RNS it's done via the PR company:

Strip Tinning Holdings plc Via Alma PR
Richard Barton, Chief Executive Officer
Adam Le Van, Chief Financial Officer


Alma PR (Financial PR) striptinning@almapr.co.uk
Josh Royston +44 (0) 20 3405 0205
Joe Pederzolli

Always a bit lame in my opinion doing things via the PR company but to be fair they've made themselves very available via the IMC presentations so far this year, so I can understand why they might limit too many investor questions outside of that.

That said....I doubt they are inundated with them at the moment.
Posted at 24/6/2022 09:52 by timbo003
Recording of the invesstormeetcompany presentation held on Tuesday is here:



Seems to be in pretty reasonable shape despite the headwinds, looks cheap with a market cap of just £15m
Posted at 23/2/2022 05:56 by sunshine today
Ok : first of all you never buy into a new listing on AIM.

REASON :

Your being sold a story that every man and his dog, have already taken the cake, and left the rubbish for private investors.

I am not making any comments about this stock just a generalisation.

In today’s market you must pick stocks that can grow far, far, faster than the average.

Here is my investment

TRIAD GROUP PLC

TRD.


Directors have just purchased for the 9th time since the Stratis Blockchain agreement was signed.

TRD is valued at £16M (after £5.5M net cash deducted.)

TRD”S traditional business is growing super fast, in profit, paying dividends.

The stock trades at under half the sectors average PE



The Stratis blockchain TRD enterprise partnership is valued at zero.


HOWEVER:

Stratis has designed, built, and launched, the worlds first free to use NFT PLATFORM

Undercutting the competition by around 99% .


AND

Designed and built


The world's first native C# DeFi smart contract protocols.

Fees up to 99% cheaper than in the market today.


For the first time , any company , or government ,can use the computer language they know (Microsoft C# , ) rather than have extra layers of cost, time, and hassle converting back from other blockchain platforms to C#


TRD is partnered with Stratis to deliver blockchain enterprise solutions
Posted at 16/2/2022 09:20 by 3ootuk
Rather difficult to find the ipo document with accounts, and no investor relations portion on the website.
Posted at 16/2/2022 09:09 by timbo003
I picked up a few in the IPO (185p/share). Most of the IPO shares qualify for EIS tax breaks, therefore the effective entry price for qualifying investors (i.e. UK tax payers) equates to 129.5p/share, so this is a 3 (plus) year hold for me.

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