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SOLI Solid State Plc

1,390.00
15.00 (1.09%)
Last Updated: 08:42:23
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Solid State Plc SOLI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
15.00 1.09% 1,390.00 08:42:23
Open Price Low Price High Price Close Price Previous Close
1,380.00 1,380.00 1,390.00 1,375.00
more quote information »
Industry Sector
ELECTRONIC & ELECTRICAL EQUIPMENT

Solid State SOLI Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
05/12/2023InterimGBP0.0725/01/202426/01/202416/02/2024
04/07/2023FinalGBP0.13507/09/202308/09/202329/09/2023
06/12/2022InterimGBP0.06526/01/202327/01/202317/02/2023
27/07/2022FinalGBP0.132501/09/202202/09/202205/10/2022
07/12/2021InterimGBP0.062527/01/202228/01/202218/02/2022
13/07/2021FinalGBP0.107502/09/202103/09/202124/09/2021
08/12/2020InterimGBP0.052528/01/202129/01/202119/02/2021
08/06/2020FinalGBP0.072503/09/202004/09/202023/09/2020
03/12/2019InterimGBP0.052523/01/202024/01/202014/02/2020
02/07/2019FinalGBP0.08329/08/201930/08/201919/09/2019

Top Dividend Posts

Top Posts
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 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 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 22:54 by rivaldo
I bought some first thing this morning for the first time, SOLI having been on my watch list for sme years. The defence aspect in particular is a great tailwind in these markets along with the high tech nature of its other products and markets such as the promising partnership with CYAN.

Hopefully a push back up to 1500p is now on the cards.
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 09/8/2023 09:34 by boadicea
I note that Cyanconnode has secured a further extension to their smart meter orders for which SOLI are a critical component supplier as announced previously. It is not clear to what extent CYAN have already pre-ordered to cover potentially tight supplies but it will presumably advance the actual delivery schedule with feedthrough to revenue and profit here.
Posted at 18/7/2023 12:04 by 0rb1t
Concurrent CNC business is now strong now that supply issues are easing. Good signal for SOLI

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