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  • 02 Apr 24
Significant new contract award

Strip Tinning has been awarded its largest ever Glazing nomination with a total lifetime value of £6.3m, starting in 3Q25 and running until 2035. Beyond the value of the nomination, today’s announcement is exciting, marking the second nomination Strip Tinning has now received in smart glass, a relatively new but fast-growing segment of the automotive glazing market. This is a key strategic area of focus for management, with smart glass requiring specialist and higher cost connectors. Strip Tinni

Companies: Strip Tinning Holdings plc

Singer Capital Markets
  • 18 Jan 24
Solid foundations in place

Today’s pre close update confirms that FY23 results are in line with market expectations with sales of £10.8m and adj. EBITDA of £0.1m. We reinstate our BUY recommendation and 75p target price following completion of the recent fundraise. Funds were raised to support growth in the Company’s emerging EV business where there is a substantial opportunity pipeline, potentially worth £20m per annum by 2027. This includes an opportunity for the Company’s first high-volume serial production in H1 FY24

Companies: Strip Tinning Holdings plc

Singer Capital Markets
  • 20 Dec 23
£5m fundraise announced

Strip Tinning has announced a £5m fundraise, consisting of £4m of VCT qualifying Convertible Loan Notes and a £1m Equity Placing at 40p. In addition, there is a Retail Offer raising up to £0.25m that is expected to close in early January 2024. Funds raised are solely to support growth in the Company’s emerging EV business where there is a substantial opportunity pipeline, potentially worth £20m per annum by 2027. This includes an opportunity for the Company’s first high-volume serial production

Companies: Strip Tinning Holdings plc

Singer Capital Markets
  • 05 Sep 23
Positive outlook with building opportunity pipeline

Strip Tinning has reported an adjusted EBITDA of £0.05m for the six months to June 2023, a significant turnaround from the £1.6m LBITDA for the comparable period. Gross margins rose from 8.8% to 26.7% with further improvement expected. The results benefited from a strengthened leadership team that secured material selling price increases during 2022, alongside improvements in productivity, quality and customer service. The Board remains confident of meeting market expectations for the full year

Companies: Strip Tinning Holdings plc

Singer Capital Markets
  • 07 Jun 23
In-line FY results, improving outlook

Strip Tinning has reported results that are in-line with its detailed trading update in February 2023. After a very challenging FY22, the outlook is much improved with confirmation that the Group has been EBITDA positive in each of the first five months of FY23 following operational improvements, material price increases and the elimination of low margin business. There is a strong Glazing order book that has shown more resilience than previously anticipated and a growing pipeline of EV opportun

Companies: Strip Tinning Holdings plc

Singer Capital Markets
  • 14 Feb 23
Trading update and new CID facility

The Group enters FY23 with strengthening gross margins and an expectation of EBITDA breakeven including the benefit of c£1m of APC grant income. The significant improvement on FY22 is the result of substantial price rises and operational improvements that will greatly benefit the business. FY22 was a very challenging year for the Group due to automotive supply chain disruption, cost inflation, the Ukraine war and the serious set-back from the loss of its lead EV customer. Underlying FY22 EBITDA,

Companies: Strip Tinning Holdings plc

Singer Capital Markets
  • 20 Sep 22
Challenging backdrop; positive steps taken to offset pressures

Strip Tinning has reported interim results, detailing a 19% decline in sales and an EBITDA loss of £1.4m, which can largely be attributed to the wider backdrop. Despite this, EV progress remains strong, with the order book growing and the pipeline building. STG has taken positive steps to partly offset the inflationary pressures to support a stronger performance from H2. These namely include price increases, and cost reductions/processes efficiency gains. Post period, Glazing has shown signs of

Companies: Strip Tinning Holdings plc

Singer Capital Markets
  • 21 Jul 22
Strip Tinning (STG) - Vox Markets Fund Manager Series - Q&A with Amati Global Investors fund manager, Dr Paul Jourdan
strip-tinning-stg-vox-markets-fund-manager-series-q-a-with-amati-global-investors-fund-manager-dr-paul-jourdan-21-07-2022
  • 21 Jun 22
FY21 in-line; initiatives in place to partly mitigate headwinds

Strip Tinning has reported in-line FY21 results with revenues of £11.1m (+29%) and EBITDA of £0.5m, reflecting increased investment in its emerging EV business and pressures associated with current sector headwinds. Alongside key actions on costs and pricing, the group is making good strategic progress. There have been a number of multi-year contracts wins within Glazing Connectors and a material first order in EV battery cell contact systems. Looking ahead, management remains confident in the m

Companies: Strip Tinning Holdings plc

Singer Capital Markets
  • 18 May 22
Well positioned but significant headwinds

We initiate coverage alongside today’s in-line update for FY2021E. The Group expects to deliver sales 29% ahead at £11.1m and an EBITDA of £0.5m (FY2020 - £1.2m). This reflects the investment in the development and launch of EV battery cell monitoring systems (‘CMS’) to a leading German OEM, resourcing to support growth plans, and costs and inefficiencies associated with CV19 disruption. Looking forward, the EV business is noted to be performing ahead of expectations reflecting momentum in the s

Companies: Strip Tinning Holdings plc

Singer Capital Markets

Strip Tinning Holdings plc

Company Profile

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Strip Tinning Holdings plc. We currently have 11 research reports from 2 professional analysts.

  • Open: 37.5p
  • Range Today: 36.3/36.4p
  • 52 Week: 31.0/75.0p
  • Daily Volume: 5.7k
  • Daily Liquidity: 0.03%
  • # Shares: 18.2m
  • Market Cap: 6.83m
  • Latest PE (hist):
  • Div Yield:

Latest News/RNS

(more news)
Date Source Announcement
24Apr24 07:00 RNS Strip Tinning Hldgs - Notice of Results and Investor Presentation
02Apr24 07:00 RNS Strip Tinning Hldgs - Significant New “Smart” Glass Nomination
14Mar24 15:34 RNS Strip Tinning Hldgs - Holding(s) in Company
18Jan24 07:00 RNS Strip Tinning Hldgs - Pre-Close Trading Update
17Jan24 10:00 RNS Strip Tinning Hldgs - Director/PDMR Shareholding
15Jan24 11:50 RNS Strip Tinning Hldgs - Result of General Meeting
12Jan24 13:41 RNS Strip Tinning Hldgs - Result of Retail Offer
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  • 23 Apr 24
PROGRESSIVE: Watkin Jones: H1 in-line amid reviving investor appetite

Watkin Jones’s guidance for FY24E is unchanged in its trading update for the first half to 31 March. We maintain our forecasts for the full year and introduce half-year estimates, in line with reiterated guidance that performance will be significantly H2 weighted. The group confirms a continuing gradual recovery in appetite among institutional investors to forward fund its build-to-rent (BTR) and student developments. We believe this should gather pace as the direction of interest rates becomes

Companies: Watkin Jones Plc

Progressive Equity Research
  • 22 Apr 24
Ceres Power Holdings - Strategic partnerships powering growth

Ceres Power Holdings’ innovative technology uses electrolysis to produce green hydrogen and solid oxide fuel cells to generate power. In a year where it moved to the Main Market of the London Stock Exchange, it recorded revenue growth of 13% and gross margin expansion to 61% (the highest in the sector, according to management), but is yet to record an operating profit (FY23 operating loss of £59.4m versus £54.0m in FY22). Ceres continued its strategy to drive innovation and technology across sol

Companies: Ceres Power Holdings plc

Edison
  • 24 Apr 24
PROGRESSIVE: Sanderson Design Group: Strategic growth drivers show their value in challenging trading conditions

Sanderson Design Group (SDG) has announced its FY24 full-year results, which are in line with the headline figures from its February trading update. A record year for Licensing and a strong performance in the key North America market helped to offset a challenging consumer environment in other geographies, most notably the UK. While this backdrop is set to persist in FY25E, the group will continue to focus on its strategic growth drivers, notably North America and Licensing, to deliver sharehold

Companies: Sanderson Design Group PLC

Progressive Equity Research
  • 28 Sep 22
Surface Transforms - Fund raise for the profitable growth phase

SCE is raising £16m through a placing (and up to a further £3m through open offer) to fund substantial expansion and additional working capital. This will enable the Group to grow to £75m revenue capacity in the near term, commence the build and equipping of a new factory and then (with internally generated free cash flow) scale to £150m revenue capacity and beyond. With a contracted order book of £190m and a prospective pipeline of £400m, this is clearly the time to seize the opportunity. The e

Companies: Surface Transforms PLC

Cavendish
  • 02 Apr 24
Solid State - Anticipating record adjusted PBT in FY24

Solid State’s trading update affirms the sustained strength in demand throughout H224, resulting in record FY24 revenue and adjusted PBT ahead of prior consensus of £155m and £12.5m, respectively. This is attributable to the earlier-than-expected delivery of a NATO contract. As a result, consensus FY24 revenue and adjusted PBT estimates have been raised by c 6% and c 20%, with respective FY25 estimates declining commensurately.

Companies: Solid State plc

Edison
  • 04 Jan 24
Zeus: Video Games Sector Quarterly review - January 2024

Subsector price performance: In the fourth quarter to 29 December 2023 all but the AAA publishers and platform subsector saw share price declines. The UK PC and Console focused subsector was again the worst performing subsector (-26.2%) over the quarter and LTM (-70.1%).

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Zeus Capital
  • 17 Apr 24
Surface Transforms - New guidance – forecasts under review

Surface Transforms has issued new revenue guidance for FY24, with the company now expecting revenues in the range £17.5-22m. We are withdrawing our previous forecasts for FY24 and withdrawing our price target while we review the impact of the new guidance.

Companies: Surface Transforms PLC

Cavendish
  • 08 Jan 24
Zeus Top Picks for 2024 - 2023 review and outlook for 2024

On 9 January last year, we set out our ten top stock picks for 2023, for what turned out to be another relatively poor twelve months for UK equities due to two wars, stubbornly high inflation and further tightening of monetary policy. This was even as other major markets, such as the US, largely recovered in the year. In the 2023 calendar year, the AIM All-Share index fell 8.2% and is still 42% off its 2021 high. From the release of our 2023 top picks note, the average total return (assuming div

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Zeus Capital
  • 05 Apr 24
Gooch & Housego (GHH LN) - A chink of light

Gooch has issued a positive update for H1. Trading has started to recover with stocking levels normalising at industrial and medical devices customers. The outlook is positive with growth returning, and management has confirmed our full year estimates (adjusted for the disposal of EM4). The order book and order flow appear healthy, and net debt is comfortable. Gooch clearly still has plenty to do to lift operating margins from a lacklustre 8.1%, but the transformation plan appears to be back on

Companies: Gooch & Housego PLC

Zeus Capital
  • 19 Apr 24
AKA: Initiating Coverage of a.k.a. Brands with Buy and $14 PT: Upside Ahead

We are initiating coverage of a.k.a. Brands Holding Corp. ("a.k.a. Brands" or the "company"), a leading owner of primarily online apparel-based brands focused on Generation Z and Millennial consumers, with a Buy rating and $14.00 price target, or 10.9X our 2025 EBITDA projection of $20.2 million. The company's brands include: 1) Princess Polly, focusing on 15 to 25 year-old women; 2) Petal & Pup, which offers feminine styles for 25 to 34 year-old women; 3) Culture Kings, a street wear destinatio

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Small Cap Consumer Research LLC
  • 14 Mar 24
Hybridan Small Cap Feast - 14 Mar 2024

Banquet Buffet*** Abingdon Health 9.25p £11.3m (ABDX.L) The lateral flow contract development and manufacturing organisation announces its unaudited interim results for the six months ended 31 December 2023. Revenue increased 117% to £2.4m (H1 2023: £1.1m). The Adjusted EBITDA loss decreased 47% to £1.2m (H1 2023: £2.2m). Furthermore, reduction in operating loss of 50% to £1.2m (H1 2023: £2.4m). The Board therefore expects that H2 2024 revenue will be significantly improved compared with H1 2024

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Hybridan
  • 04 Dec 23
AFC Energy (AFC LN) - First modular ammonia cracker system

AFC has unveiled a groundbreaking modular ammonia cracker system demonstrating viable and scaleable production of hydrogen in the UK using this method. The cracker system is designed to deliver 140 tonnes of fuel cell grade hydrogen each year. Hydrogen from the plant will initially be targeted for sale into AFC’s UK H-Power Generator deployments, including those with Speedy Hydrogen Solutions. Along with the recent purchase of the mobile storage and distribution assets of Octopus Hydrogen, AFC c

Companies: AFC Energy plc

Zeus Capital
  • 27 Apr 23
PROGRESSIVE: Sanderson Design Group: Delivering to strategy against an unhelpful global backdrop

Sanderson Design Group (SDG) continues to deliver on its key strategic initiatives and growth drivers despite a challenging global backdrop. The group’s FY23 performance showed flat revenue, with adjusted underlying PBT rising £0.1m to £12.6m. Net cash dropped back to £15.4m, with the total dividend maintained at 3.5p. The star performers were Licensing (reported revenue +25%), the Morris & Co brand (+16%) and the US market (+20%). Our forecast revisions assume more modest sales progression, wit

Companies: Sanderson Design Group PLC

Progressive Equity Research
  • 26 Mar 24
AFC Energy (AFC LN) - FY23a and outlook: good progress

AFC has made strong progress with products and its manufacturing strategy. Despite heavy investment, the cash position, at £27.4m, was slightly better than our estimate for £26.9m, demonstrating good discipline. The monthly cash burn rate (at c. £1.3m) is tracking in-line with our expectations. Generally, we maintain our estimates for significantly increased sales in FY24e and FY25e, with the cash position unchanged. Recent news on commercial progress has been positive. The 30kW H-Power Generato

Companies: AFC Energy plc

Zeus Capital
  • 08 Feb 24
PROGRESSIVE: Sanderson Design Group: Strategic growth pillars bolster results

Sanderson Design Group has delivered its full-year trading update to 31 January 2024. Group revenue has eased back 3.1% to £108.5m on a reported basis, following the 2% decline in H1. The strongest performances were delivered by the strategic growth cornerstones of Licensing and North America, offset by challenging market conditions in the UK, Europe and the Rest of the World. A strong balance sheet saw year-end cash rise to £16.2m, compared with £15.4m at year-end FY23. Having traded in line wi

Companies: Sanderson Design Group PLC

Progressive Equity Research