AIM WINNERS & LOSERS: Strip Tinning and Plexus win deals

Mon, 06th Nov 2023 10:24

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Strip Tinning Holdings PLC, up 27% at 53.80 pence, 12-month range 35.00p-75.00p. The electrical connectors provider for the automotive sector says its Glazing arm won a "new production nomination". "The nomination is for the supply of glazing connectors to a range of leading global automotive OEMs including Mercedes, Volkswagen, Toyota and Skoda, for a number of battery and combustion engine-based vehicle programmes. Supply will commence in Q2 2024 and will continue for two to five years, depending on the end of production dates of the individual programmes," the AIM listing explains. The lifetime sales value of the pact is predicted to be EUR3 million.

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Plexus Holdings PLC, up 21% at 18.18 pence, 12-month range 1.60p-31.40p. The West Sussex-based engineering services provider rental contract award for its wellhead equipment offering with Neptune Energy UK. "The contract is for Adjustable Surface Wellhead equipment and Mudline Tooling to allow the permanent abandonment of a UK North Sea well, with operations planned for commencement and completion during Q2 2024," Plexus says.

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AIM - LOSERS

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Aptamer Group PLC, down 6.3% at 1.27p, 12-month range 1.02p-71.45p. Aptamer warns revenue for the half-year to December 31 is to be weaker than the GBP1.0 million achieved a year prior. The York-based biotech firm makes synthetic antibodies capable of binding to targets such as tumour cells. It has seen a "lull in customer confidence", it says.

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By Eric Cunha, Alliance News news editor

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