LONDON, July 6, 2026, 22:01 BST
- Strip Tinning ended the day down 2.9% at 17.00p, where it hit its 52-week low. The FTSE AIM All-Share gained 0.34%.
- No new Strip Tinning RNS showed up in the last 24 to 48 hours. The most recent on Investegate is still the June 16 AGM result.
- FactSet numbers from the company point to 2026 revenue of £13.2 million and adjusted EBITDA at £0.6 million. That compares to 2025, where revenue is seen at £8.6 million with an adjusted EBITDA loss of £0.5 million.
Strip Tinning Holdings plc (LON:STG) dropped to 17.00 pence on Monday, hitting a 52-week low. The AIM-traded auto connector supplier’s market cap was around £3.10 million, while its reported nominated lifetime sales are still over £100 million. Shares slipped 2.86% as of 1630 BST. Google Finance showed volume at 10,380 shares, a little above the 9,510 average.
Strip Tinning closed at the lows of its 17.00p–30.00p 52-week band, but the FTSE AIM All-Share index ticked up 0.34% to 778.74 as of 1650 BST. Tape action was weak in the stock, not across the AIM index.
| Monday market tape | Strip Tinning | FTSE AIM All-Share |
|---|---|---|
| Last level | 17.00p | 778.74 |
| Daily move | down 2.86% | up 0.34% |
| Timestamp | closed at 16:30 BST | closed at 16:50 BST |
| 52-week marker | hit low at 17.00p | — |
London had closed by the dateline. The LSE works on BST, runs from 0800 to 1630, and July 6 was just a regular Monday close.
No new company news was out Monday. Investegate’s STG page showed the latest RNS was still the June 16 “Result of AGM.” Earlier updates in April and March covered serial production and full-year figures. Investegate
The main figure for the stock is its valuation gap. At Monday’s close, the company had over £100 million in nominated lifetime sales, which is more than 32 times its market cap. The ratio doesn’t signal cash in hand but points to the market’s steep discount for production timing, funding questions and delivery risk.
The 2026 forecast leans heavily on the 2025 numbers. Strip Tinning reported 2025 revenue dropped to £8.6 million from £9.0 million in 2024, but said Battery Technologies sales more than doubled to £2.1 million. Gross margin climbed to 40.0% from 33.1%. Company-provided FactSet consensus points to revenue growth of roughly 54% in 2026, with EBITDA expected to swing by about £1.1 million.
| Metric | FY2025 reported | FY2026 market expectations | Implied change |
|---|---|---|---|
| Revenue | £8.6 mln | £13.2 mln | +54% |
| Adjusted EBITDA | -£0.5 mln | £0.6 mln | up £1.1 mln |
| Adjusted EBITDA margin | -5.7% | 4.5% | rise of 10.2 pts |
Now execution is what matters for the stock. In April, Strip Tinning said it got the serial production order for Cell Contacting System parts for the Zoox Robotaxi battery pack, its biggest of three main nominations. The company also began serial production of smart-glass roof connectors on one programme, while another was moved forward to the second quarter. CEO Mark Perrins called the Zoox order “a major milestone.” Investegate
The balance sheet shows why Strip Tinning shares still don’t trade just on the pipeline. As of Dec. 31, the company reported £617,000 in cash and £252,000 in net assets, while total financing liabilities stood at £7.33 million. Strip Tinning also said it plans to seek more funding via debt, grants and possibly new investors or strategic partners to help with working capital as it launches new projects.
| Balance-sheet marker at Dec. 31, 2025 | Amount | Against Monday market value |
|---|---|---|
| Cash, cash equivalents | £617,000 | 20% |
| Net assets | £252,000 | 8% |
| Total financing debt | £7.33 mln | 2.4x |
Non-exec chair Paul George called 2026 “a year of execution” in the annual report. For shareholders, the question is if serial production can convert the order book into cash fast enough, or if working-capital needs mean another fundraise at the 17p share price. Stockopedia
