Strip Tinning Holdings PLC - Birmingham, England-based provider of electrical connectors for automotive sector - Raises GBP5.0 million from a placing of new shares and convertible loan notes and hopes to raise up to GBP250,000 more from an offer of shares to retail investors. The new shares are placed at 40.0 pence each, and the retail offer will be at the same price. The placing is conducted as an accelerated bookbuild by Singer Capital Markets Ltd. Call general meeting for January 15 for shareholders to approve the fundraise. Read More
Strip Tinning Holdings PLC - Birmingham-based company providing electrical connectors for the automotive sector - Receives a serial nomination for production parts across its electric vehicle business. Says that the nomination is for the supply of flexible printed circuits to a leading European manufacturer of advanced battery systems. The circuits are for a mobile battery application used across a range of sectors, including the catering, construction, and film industries. Supply will start in December and run until the end of 2025, with a forecast lifetime sales value of USD1.0 million. Strip Tinning is replacing a non-European supplier part way through the product life cycle. Read More
(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
Strip Tinning Holdings PLC - Birmingham-based company providing electrical connectors for the automotive sector - Announces new production nomination for its Glazing business. Company will supply glazing connectors to "leading" global automotive original equipment manufacturers including Mercedes-Benz Group AG, Volkswagen AG and Toyota Motor Corp. Strip Tinning expects lifetime sales value of around EUR3 million, with EUR525,000 recognised in 2024. It will commence supply in the second quarter and continue for two to five years. Read More
(Alliance News) - European equities edged higher early Monday, though gains were muted as investors digested last week's major data and central bank updates. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday, and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Strip Tinning Holdings PLC - Birmingham-based electrical connectors provider for automotive sector - Posts revenue of GBP10.2 million for 2022, down 8.9% from GBP11.2 million in 2021. Pretax loss widens to GBP5.7 million from GBP1.1 million, as gross profit reduces to GBP499,000 from GBP3.3 million a year earlier. Administrative expenses rise to GBP5.9 million from GBP4.2 million. Looking ahead, says it continues to remain vigilant of the wider market environment but increases its confidence of a year of progress in financial 2023. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Strip Tinning Holdings PLC - Birmingham-based electrical connectors provider for automotive sector - Wins a new order from an unnamed electric vehicle customer, worth about GBP775,000. Says it is for a large number of sample cell contact system modules, which will supply into the the autonomous vehicle industry in the US. Expects the majority of the parts to be shipped in 2023, and to receive C-sample orders as a result. Read More
(Alliance News) - Strip Tinning Holdings PLC on Tuesday reported lower sales compared to 2021, due to the impact of Ukraine war. Read More
Strip Tinning Holdings PLC - Birmingham-based electrical connectors provider for automotive sector - Swings to a pretax loss of GBP2.9 million in the six months to June 30 from a profit of GBP369,000 a year earlier, as revenue declines by 19% to GBP4.7 million from GBP5.8 million. Administrative expenses widen to GBP2.8 million from GBP1.8 million a year ago. Read More
(Alliance News) - Strip Tinning Holdings PLC on Thursday said it has secured a grant of up to GBP1.4 million from the UK government. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Strip Tinning Holdings PLC - Birmingham-based electrical connectors for automotive sector - Says subsidiary Strip Tinning Ltd has received a notice to end its contract with a Croatian electric vehicle technology innovator for the supply of cell management systems to a German OEM, with effect from October 1. Says the contract was signed in December last year after an extended period of design and development work with the customer. Read More