(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.
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AIM - WINNERS
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Strip Tinning Holdings PLC, up 98% at 36.80 pence, 12-month range 17.75p-84.00p. It predicts a narrower loss and says the supply of an offering for a US contract will likely not fall into the crosshairs of US tariffs on automobile imports. The supplier of specialist connection systems to the automotive sector expects its adjusted loss before interest, tax, depreciation and amortisation in 2025 to be GBP900,000, "half that reported" for 2024. "Trading in the Battery Technologies division has been strong, and the board now expects divisional revenue for FY25 to be more than 2.5 times FY24. This strong performance in the higher margin BT division is more than offsetting softness in the Glazing division, reflective of the wider automotive sector," it adds. Strip Tinning is supplying a Cell Contact System for battery pack modules for a US based autonomous vehicle programme. "This contract is gathering pace and is the primary driver of the increased sales in 2025 as sales of pre-production parts has increased," it adds. "The board does not currently anticipate the supply of the CCS will fall under the recently proposed US auto parts tariffs, as the designated export commodity category code, under which the CCS is already being exported to the US, does not fall within the automotive parts ECC coding categorisations." In addition, Strip Tinning says it has applied for a UK government automotive grant for up to GBP5.2 million as it continues to "assess its optimum options" to secure funding needed for operational demands. News on the outcome is expected early in the third-quarter. Despite the jump on Tuesday, shares are still down some 4% year-to-date.
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Quadrise PLC, up 11% at 4.80 pence, 12-month range 1.20p-8.00p. The supplier of emulsion technology, fuels and biofuels for the power generation, shipping and industrial sectors wins a new deal. It signs a services supply agreement with MAC2 Solutions NV for the production of MSAR and bioMSAR fuels. It is for Quadrise's forthcoming trial on board the MSC Leandra V vessel, due to begin this quarter. "MAC2 will be responsible for the supply of jetty space, utilities, permits and ad-hoc support services during the Trials, whilst Quadrise will be responsible for the provision of MSAR and bioMSAR technology and fuel production equipment and personnel," Quadrise adds.
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AIM - LOSERS
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Celadon Pharmaceuticals PLC, down 37% at 3.84p, 12-month range 3.00p-122.50p. The developer of cannabis-based medicines adds to a 24% slump on Monday after it warned of the possibility of administration. On Monday, it warned it was yet to receive funds from either its secured credit facility or its committed credit facility despite draw-down requests. "The company continues to be engaged with both providers in relation to securing funds, however there is no certainty on receipt or timing," Celadon says. "Celadon has limited working capital but continues to benefit from the support of creditors which is allowing the company to trade into April 2025. In the event however that the company cannot secure funds in a timely manner, the directors will have to protect the interests of all stakeholders which may lead to the company being placed into administration with limited notice."
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By Eric Cunha, Alliance News news editor
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Strip Tinning (STG)
Quadrise (QED)
Celadon Pharmaceuticals (CEL)
