Market's view on Strip Tinning
Published on April 2024
- Strip Tinning Holdings PLC reported securing a contract to supply ‘smart’ roof glass for a new electric vehicle (EV) range developed by a German automaker, with expected lifetime sales from this contract valued at GBP 12.3 million, contributing to a total of GBP 52.7 million from all supplier nominations.
- Stock watchers observed a notable rise in the company’s share price by 3.7% to 38.90 pence, following the announcement of the new contract.
- There’s an anticipation of further press coverage and increased stock activity for Strip Tinning, especially after this contract announcement and their presence in the top 60 gainers.
- Discussions highlighted the company’s potential for significant gains in their upcoming financial results release.
- Concerns were raised regarding the management and operational issues, especially after the termination of a previous EV contract by a German company.
- The company has been recognised for transitioning towards a paperless delivery operation through the Microlise ePOD solution in partnership with Travis Perkins, enhancing delivery and collection processes.
- Stock watchers have also noted the company’s stock appearing frequently in the top risers on leaderboards, indicating growing investor interest and media attention.