Strip Tinning Holdings (STG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 35.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 70.00
  • 52 Week Low: 32.50
  • Currency: UK Pounds
  • Shares Issued: 18.23m
  • Volume: 0
  • Market Cap: £6.47m
  • RiskGrade: 79

Strip Tinning secures 'significant' new contracts

By Iain Gilbert

Date: Monday 04 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Precision components business Strip Tinning has secured a "significant" new five-year nomination with BMW for its glazing division, underlining the firm's position as "a leading supplier" to the sector.
Strip Tinning said on Monday that it will provide glazing connectors for panoramic roofs on the new range of electric BMW iX vehicles, at a quantity of 16,000 connectors each month.

The AIM-listed group stated the contract was scheduled to commence in the fourth quarter of the current financial year and was expected to generate full-year revenues of roughly $1.2m.

Additionally, Strip Tinning also announced that Skoda, an existing customer, had signed a five-year nomination to increase its connector volume demand by 45%, again for use across its electric vehicle range.

"Both these nominations highlight the continuing focus of vehicle manufacturers on electric ranges, which generate higher margins for Strip Tinning due to the added complexity and high technical specification of the connectors required in EV," said the group.

As of 1125 BST, Strip Tinning shares had surged 11.11% to 110.0p.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

STG Market Data

Currency UK Pounds
Share Price 35.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 70.00
52 Week Low 32.50
Volume 0
Shares Issued 18.23m
Market Cap £6.47m
RiskGrade 79

STG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.14% below the market average11.14% below the market average11.14% below the market average11.14% below the market average11.14% below the market average
58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average
Price Trend
77.49% below the market average77.49% below the market average77.49% below the market average77.49% below the market average77.49% below the market average
74.36% below the sector average74.36% below the sector average74.36% below the sector average74.36% below the sector average74.36% below the sector average
Income Not Available
Growth
23.26% below the market average23.26% below the market average23.26% below the market average23.26% below the market average23.26% below the market average
23.53% below the sector average23.53% below the sector average23.53% below the sector average23.53% below the sector average23.53% below the sector average

STG Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

STG Key Personnel

CEO Richard Barton
CFO Adam Le Van

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