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Strip Tinning – having recently admitted trading “result will not be what the board had originally set out to achieve”… nominal cost options grants (natch!)

Describing itself as “a leading supplier of specialist connection systems to the automotive sector”, Strip Tinning (STG) has announced the granting of options over 960,908 shares to certain directors and employees discharging managerial responsibilities. With the shares most recently closing at 55p, what’s the detail?

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Strip Tinning – having only listed a year ago, what of a latest share price fall?

Previously writing on company describing itself as “a leading supplier of specialist connection systems to the automotive sector” Strip Tinning (STG), in September with the shares rising to 75p I noted negative occurrences despite it only having listed that February and continued to avoid. The shares last closed at 65p and what of them now at 55p on the back of a “Pre-Close Trading Update”?

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Strip Tinning – government grant, “a clear endorsement”?

A “£1.4 million Grant Secured”-titled announcement from Strip Tinning Holdings (STG) which it emphasises as “a clear endorsement of Strip Tinning's capabilities and harnesses future growth ambitions” and the shares are currently 3.5% higher in response to 75p. So what’s the situation here now?

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Strip Tinning – “Contract Update”. Not MORE bad news surely, after only listing in February!

Previously writing on company which describes itself as “a leading supplier of specialist connectors to the automotive sector”, Strip Tinning Holdings (STG), last month with the shares up to 105p I questioned just how “significant” is the new ‘nomination’? and concluded I certainly continued to avoid. The shares most recently closed at 97.5p... and now a “Contract Update” announcement.

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Strip Tinning (#STG) – notice purporting to terminate a contract, “in dialogue with the customer”

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Strip Tinning – “Glazing Contract Wins for EV”, just how “significant” is the new ‘nomination’?

Strip Tinning (STG) “is pleased to announce it has secured a significant new 5 year nomination with BMW for its Glazing division, underlining Strip Tinning's position as a leading supplier of specialist connectors to the Glazing sector for all classes of automotive vehicles manufactured worldwide”. With the shares currently responding more than 6% higher to 105p, just how “significant” is the new nomination?

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Strip Tinning – director share purchase doesn’t inspire recovery confidence...

Previously writing on supplier of specialist connectors to the automotive sector Strip Tinning Holdings (STG), earlier this week I noted the shares down to 115p from a 185p AIM IPO little over three months earlier after a trading warning, though the company stating “great care is being taken to ensure that overheads are reduced where appropriate in line with lower than budgeted sales… in addition, the company is currently putting through a number of price rises across its product range”. And now a director share purchase. Good news?...

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Strip Tinning – trading warning little over three months since listing!, AIM IPO roll-call of shame...

On 16th February Strip Tinning Holdings (STG), describing itself as “a leading supplier of specialist connectors to the automotive sector”, was “pleased to announce the admission… to trading on AIM… £11.5 million of gross proceeds have been raised… at a price of 185 pence per ordinary share… £8.0 million for the company and £3.5 million for certain selling shareholders… The directors believe the placing and admission will enable the company to accelerate its growth plans and underpin its early mover advantage in the EV battery sector, further enhance its profile in the markets in which it operates and assist with attracting, retaining and incentivising high calibre employees”. So what of now a “trading update” little over three months later?...

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Another win for Doc Holiday & ShareProphets– Gold Mines of Wales & Stellar Resources lose Gwynfynydd (as predicted)

Earlier this year I exclusively reported the licence granted by The Crown Estates to the Gold Mines Of Wales portfolio (GMOW) had expired. Not only had this licence expired but also a competing group who owned the land at the Gwyn was in the running for the Gwynfynydd mining rights. This was always going to be bad news for Stellar Resources (STG), as proven by yesterday’s RNS, which confirmed that GMOW has indeed lost the rights to Gwynfynydd.

NEWSFLOW

Stellar Resources (#STG) - Fails to re-secure Gwynfynydd mine exploration right