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SOLI Solid State Plc

1,375.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Solid State Plc LSE:SOLI London Ordinary Share GB0008237132 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,375.00 10,756 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1,350.00 1,400.00 1,375.00 1,375.00 1,375.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Parts,eq-whsl,nec 126.5M 6.69M 0.5899 23.31 156.01M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:52:47 O 1,061 1,390.00 GBX

Solid State (SOLI) Latest News

Solid State (SOLI) Discussions and Chat

Solid State Forums and Chat

Date Time Title Posts
27/3/202409:47Solid State Supplies - MoJ contract worth Ј34m over 3 years586

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Solid State (SOLI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:52:481,390.001,06114,747.90O
13:22:071,395.0070976.50O
13:13:311,395.001021,422.90O
11:01:371,355.005,76978,169.95O
10:34:471,373.504606,318.10O

Solid State (SOLI) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Solid State Daily Update
Solid State Plc is listed in the Electronic Parts,eq-whsl,nec sector of the London Stock Exchange with ticker SOLI. The last closing price for Solid State was 1,375p.
Solid State currently has 11,346,394 shares in issue. The market capitalisation of Solid State is £156,012,918.
Solid State has a price to earnings ratio (PE ratio) of 23.31.
This morning SOLI shares opened at 1,375p
Posted at 27/3/2024 08:16 by rivaldo
I decided to sell and take profits first thing after the "ahead of expectations" update this morning. Counter-intuitive really!

But the outlook going forward is pretty subdued - Cavendish's new forecast for the coming year to March '25 has been reduced to 65.7p EPS, leaving SOLI on for me too high a P/E going forward in difficult markets.

SOLI are a quality company and may well prove that forecast conservative, but better to be safe than sorry for the moment if SOLI's share price drops back to say 1000p-1100p.
Posted at 12/2/2024 13:42 by boadicea
Jolomo - I'm expecting rather more from SOLI than DSCV is currently reporting and it looks significantly cheaper. SOLI has performed comparatively well in the recent past and the periodic dips in the share price may be associated with some profit taking or position trimming in a thin market rather than views of its prospects. Anyway, it's bouncing nicely so far today and has encouraged me into a modest top-up.
Posted at 31/1/2024 11:43 by rivaldo
Nice - WH Ireland have today initiated coverage on SOLI with a 1650p fair value price target, and an "undemanding" current valuation.

They summarise in a 24 page research note:

"Valuation attractive for high-quality business:

With multiple avenues for growth and a record of surpassing conservative earnings guidance, we view the current rating as unjustified for a company of this quality"
Posted at 02/1/2024 09:40 by rivaldo
And to you scottishfield.

Great to see the share price here at new recent highs now.
Posted at 05/12/2023 11:43 by rivaldo
Cavendish (Finncap) have retained their 1620p price target, with the recently upgraded 85p EPS and a 21p divi forecast for this year.

They summarise:

"Divisions.

Overall, the defence and security sectors remained robust for obvious geopolitical
reasons. It also saw strong growth in IoT component demand as well as good demand in the medical sector, with strong demand for its design in capabilities strengthening its product pipeline. The Systems division saw growth of 136.3% to £56.7m, boosted by the Custom Power acquisition and £23.4m of revenue from the large military contract. Integration benefits are starting to accrue from combined efficiencies and operational collaboration. The Components division revenues at £31.4m, were comparable with H2 2023 in dollar terms, albeit following a very strong prior period.

- Forecasts.

Outlook comments point to the group trading in line with existing FY24 expectations, which were upgraded at its recent period end update. We therefore maintain our adj PBT and adj EPS forecasts for FY24 and FY25, with a minor cash improvement.

- Valuation.

The shares have recovered from previous weakness and have narrowed its P/E
discount to its peers. We maintain our 1620p TP, based on a target FY25 P/E of 19.4x. We continue to see good momentum, with conservative guidance, but where a strong balance sheet and a capable and ambitious management keen boost growth via EPS-accretive acquisitions."
Posted at 05/12/2023 07:29 by rivaldo
Encouraging H1 results today.

SOLI confirm that they're trading nicely in line with forecasts which were upgraded after the last update, but the figures show that actually there's still decent headroom for beating the higher expectations.

Adjusted PBT of £7.3m - up 39% - is over 58% of the £12.5m forecast for the year, and the 46.8p EPS is almost 55% of the forecast to 31st March.

So SOLI don't need much in H2 just to meet expectations, and may well do much better than that.

Plus good cash flows continue to reduce debt to almost nothing, so we could see further acquisitions from the "healthy" acquisition pipeline.

I also liked the sound of this:

"Pleasingly, post Period-end we have secured a design and build programme for a smart battery in a hand held industrial device with a new global client"
Posted at 24/11/2023 09:39 by rivaldo
From Mark Watson-Williams on Master Investor last night:

"Solid State (LON:SOLI) – 17% CAGR In Sales To 2030

This £150m capitalised Redditch-based group designs and manufactures electronic equipment and supplies the value added electronic components and materials in the United Kingdom, rest of Europe, Asia, North America, and internationally.

It operates through Components and Systems divisions.

The Components division provides owed brand manufactured components, franchised components, and the provision of value-added services, such as sourcing and obsolescence management.

It is a specialist in designing-in innovative, valuable, technical solutions for customers seeking cutting edge, electronic, opto-electronic, electro-mechanical components, and displays.

The Systems division provides systems solutions, which include industrial computing and vision systems; custom battery packs providing portable power; energy storage solutions; and advanced communication systems, encompassing wideband antennas and radio products.

The company supplies opto-electronic components.

It serves the security and defence, medical, greentech, energy, transport, and industrial sectors.

The company issued a strong first half Statement at the end of last month stating that:

“The Board is very pleased with the ongoing delivery of Solid State’s growth strategy.

As a result of the strong start to the year, on a full-year basis, the Directors expect to deliver stronger than anticipated organic revenue growth, meaning the Group is expected to be marginally ahead of current consensus revenue and adjusted PBT expectations for the year ending 31 March 2024.”

Analysts John Cummins and Charlie Cullen at WH Ireland have a ‘fair value’ estimate on the group’s shares at 1550p.

For the current year to end March 2024 they see revenues of £155.1m (£126.5m), while pre-tax profits could come in at £12.5m (£10.8m), raising earnings to 85.1p (80.7p) per share.

Andy Chambers and Natalya Davies, analysts at Edison Investment Research, note the group’s strong organic growth in the first half, as well as its ambition to deliver compound annual growth of 17% in its sales up to 2030.

This is yet another group that has its Interims due to be published on Tuesday 5th December.

Its shares, which have been down to as low as 1010p just a month ago, have subsequently perked up considerably, closing last night at a much healthier 1325p.

They have been up to 1475p this year, while the consensus views suggest 1620p is around the right ‘value price’ – so Hold on for more positivity"
Posted at 31/10/2023 08:14 by rivaldo
.....talking of which, a new contract for CYAN announced this morning is presumably good news for SOLI too:
Posted at 30/10/2023 08:44 by boadicea
TSM - You were right!

Strong bounce back on this morning's update. I hope it doesn't attract too many financially squeezed sellers as so often happens on good results in this market.

This is a very 'open' company from a shareholder's viewpoint. The nearest equivalent in approachability that I have found is SRT, but SOLI is a much steadier performer.
Posted at 06/12/2022 13:45 by kalai1
Solid State Plc posted impressive Interims for the HY to 30th September this morning. Revenues for the period were £59.4m (2021: £39.4m) including like-for-like constant currency organic revenue growth of circa 31%. Adjusted profit after tax was £4.16m (2021: £2.85m) a 46.0% yoy increase. The near-term outlook is also upbeat. The open order book on 30 November 2022 was £117.8m, up 37.8% on year end of £85.5m at 31 March 2022. Valuation is average with forward PE ratio at 17.1x, but this is not a constraint on further share price upside. The balance sheet is solid, while the share price also has very solid positive momentum. BUY....

...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/SOLI/625
Solid State share price data is direct from the London Stock Exchange

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