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There are many reasons why people are buying, read back earlier chat and RNS releases:
Director Buys and participation in Placing which raised £5.1M in January.
Reasons for fund raise: "The Company does however need new capital to invest in its EV division so that it can seize the opportunities that are within sight, including the Company's first high-volume serial EV nomination which is anticipated in the first half of FY2024. "
Read back previous RNS releases, look how many sales nominations they have been awarded recently.
Market Cap : £7.1M and of that, £5.1M was raised in the placing.
A lot of sales nominations recently, a lot to look forward to......
A couple of Warren Buffet quotes for today:
"The investor of today does not profit from yesterday’s growth."
"The stock market is a device for transferring money from the impatient to the patient"
More good volume today. Seller will be out soon, and then this will really rocket.
Looking forward to the Investor Presentation on Wednesday, be great if we got news of the Cell Contact System Win before then...... The total lifetime sales value of all nominations held by the Company is now £52.7 million. Soon to be more :0)
Yet more great news. When will the market wake up?
Further major win in fast-growing "smart" glass segment, with an expected lifetime value of £12.3m
Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce the receipt of a further record Glazing nomination, from a leading European automotive Tier 1 systems manufacturer.
The glazing panels will be supplied to one of the premier German car OEMs and will be deployed across a new EV vehicle range.
Under the terms of the nomination, supply will start in Q3 2026 and run until 2031, with forecasted annual sales value peaking at £2.8 million and an expected lifetime value of £12.3 million, which increases by 46% the total lifetime sales value of Strip Tinning's Connectors nominations, from £26.8 million to £39.1 million[1]. The total lifetime sales value of all nominations held by the Company is now £52.7 million.
Looking forward to this announcement:
" The Company does however need new capital to invest in its EV division so that it can seize the opportunities that are within sight, including the Company's first high-volume serial EV nomination which is anticipated in the first half of FY2024. "
From RNS 20th December 2023.
"The Company has invested approximately £5.0 million in the EV division over the last three years, and the division now has a strong platform for sustained growth centred around a focussed strategy, growing customer base, and an expanding opportunity pipeline. The Company does however need new capital to invest in its EV division so that it can seize the opportunities that are within sight, The Company has invested approximately £5.0 million in the EV division over the last three years, and the division now has a strong platform for sustained growth centred around a focussed strategy, growing customer base, and an expanding opportunity pipeline. The Company does however need new capital to invest in its EV division so that it can seize the opportunities that are within sight, including the Company's first high-volume serial EV nomination which is anticipated in the first half of FY2024. "
Big buy today based on what the MMs were asking for this morning 36.1p. I think someone is accumulating. There is also a seller but hoping they will dry up soon.
The signs are looking good. 56% growth in order book already achieved this year. ;0)
Https://striptinning.madeinthemidlands.com/news/uk-manufacturer-plans-to-triple-the-business-by-2028-a-conversation-with-strip-tinning-automotive
"Looking ahead, Strip Tinning’s vision is firmly anchored in ambitious growth targets, which hinges on two key pillars: advancements in high-tech connectors for roofing glass and the market for battery sensing products in EVs. As they navigate through the complexities of growth, and with a 56% growth in their order book already achieved this year, the challenge of talent acquisition looms large – but they are certainly ready!"
And more to come:
"A substantial pipeline of opportunities across each of the Glazing and EV Battery Pack divisions remains, and Strip Tinning is confident of securing further significant nominations in the first half of 2024."
Great news, now this should lead to a rerate in the share price which is at a ridiculously low valuation...! Market cap £6.2M with £5M cash, crazy.
"Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, is pleased to announce the receipt of the largest Glazing nomination in the Company's history, from a leading European automotive Tier 1 systems manufacturer.
Under the terms of the nomination, supply will start in Q3 2025 and run until 2035, with forecasted annual sales value peaking at £0.9 million and an expected lifetime value of £6.3 million, which increases by 31% the total lifetime sales value of Strip Tinning's Connectors nominations, from £20.5 million to £26.8 million[1]. The total lifetime sales value of all nominations held by the company is now £40.4 million."
Very exciting news, part-funded pilot studies leading to commercial contracts. I would imagine that this should progress pretty swiftly with the government's goal of eradicating tuberculosis ("TB") by 2025...
They also have the evidence of Bleepa's cloud-based TB screening pathway at the Evangelical Hospital Khariar, which was run in partnership with Qure.ai and Amazon Web Services, so hopefully this will accelerate timeframes.
I see this as a smart move by Oldham to obtain some budget from NHSE before the year end, and a stepping stone to Oldham rolling out Bleepa to their new CDC in the next financial year.
https://www.northerncarealliance.nhs.uk/our-services/community-diagnostic-centre?q=%2Four-services
Our new £10m Community Diagnostic Centre (CDC) in Oldham opens to patients in December 2022. It will provide a wide range of diagnostic imaging technology, heart and lung tests in addition to blood tests.
It is estimated that more than 30,000 patients a year will use the facility in Oldham that is located at Salmon Fields in Royton. Patients will access the service via referral from their GP or hospital care team.
The CDC will offer additional capacity to testing that is delivered at the hospital site. Our aim is to cut waiting times for tests and provide and earlier diagnosis of disease with easier access to testing within a community setting.