Solid State Share Discussion Threads

[hydrus] 18/7/2015 08:27

Yes but that doesn't mean that a future announcement won't be made - it's quite possible that it's not fully clear yet to all parties what the impact will be on timeframes.The Chairman selling shares at below market expectations does not fill one with confidence, especially when the RNS seems to imply that the reason he sold shares was because there was institutional demand. Really? So he's such a generous chap that he's willing to help out those nice institutions by passing on future profits? Or actually does he just want to sell shares because he is less optimistic about the future? Only time will tell.

[glaws2] 18/7/2015 07:06

Here is the reply I received from Walbrook - SOLI's PR firm.

"The article that you refer to rather misrepresents the situation for Steatite as we understand it. Any inference of delays due to Steatite’s role in the overall project are incorrect and the expectations around delivery of products as outlined in our Preliminary results and as built into our broker forecasts remain as stated.


The journalists have undertaken this article without reference to the company. Naturally, should the roll out of the project alter such that it affected the expectations of the market, we would be making a public statement to that effect."

[cockerhoop] 17/7/2015 13:35

I've yet to see a case where a minister has taken the glass half empty view of issues within his department so I'm confident Andrew Selous would not have disclosed that a project was delayed by at least 12 months if everything was running smoothly.

What's unclear is what the problems are and who's responsible for the solving of them.

Director and ex-director sales though don't inspire confidence.

[dasv] 17/7/2015 12:07

Chairman sold down to 0.1% of co.

I expected a reassuring RNS re: the media story re: IP/problems. In the absence of reassurance/denial I have sold.

I will be back if story is storm in a teacup or is inaccurate.

[redartbmud] 17/7/2015 11:52

IC 16 July - BUY

[hydrus] 17/7/2015 11:41

Another Director sale?

[glaws2] 16/7/2015 15:36

I have contacted the PR firm - "This article appears to misrepresent the state of affairs as we understand it". They have said they will provide further information after it has been discussed with the MoJ. I'm still awaiting a reply from the company.

[glaws2] 16/7/2015 10:12

I hold so am naturally bullish and I might be being naive, but I find it hard to believe that if this were as big a problem for SOLI as is being made out then the results announced a week ago would have had some reference to it.

[cockerhoop] 16/7/2015 10:06

I think it's been fairly widely reported, I heard a snippet on R4 evening news yesterday and there's also a more sensationalist report in the Mailonline.

I'd expect the company to issue an RNS if there are issues as it's a significant contract and Peter Selous's comments certainly appear to be at variance with the July 7th statement that the contract was proceeding as expected.

Edit.
It was Peter Selous (prison ministers) comments not Gove's.

[wjccghcc] 16/7/2015 10:06

They weren't directors.

[hydrus] 16/7/2015 09:58

Perhaps that is why the purchase price was low - they wanted some headroom

[redartbmud] 16/7/2015 08:38

Oops

Bit of a banana skin.

[cockerhoop] 16/7/2015 08:26

New to SOLI so apols if already common knowledge but this does not appear to bode well for the MoJ contract

[glaws2] 16/7/2015 06:53

Thanks for this GHF. Took the opportunity yesterday to add.

[glasshalfull] 15/7/2015 18:20

Orderly sale by retired Ex-Directors that was above initial estimates such was the demand from institutional investors.

I've now updated the header to reflect WH Ireland's forecasts on the back of 2015 results.

---

In July 2015 they announced record results with diluted EPS of 33.9p which exceeded the upgraded forecasts of 29.7p by 14%.

The company has now delivered earnings growth over the last 5-years and we are witnessing a material uplift to the dividend as indicated below.

Solid States Earnings Record

(EPS listed below on a fully diluted basis)

•​31/03/10 - 6.6p - £530k PBT (Dividend 3.0p)

•​31/03/11 - 15.0p (+127%) - £1.243m PBT (Dividend 6.0p)

•​31/03/12 - 19.2p (+28%) - £1.60m PBT (Dividend 7.25p)

•​31/03/13 - 21.1p (+10%) - £1.87m PBT (Dividend 8p)

•​31/03/14 - 25.2p (+19%) - £2.15m PBT (Dividend 8.5p)

•​31/03/15 - 33.9p (+34%) - £3m PBT (Dividend 12p)


Forecasts (WH Ireland - 07/07/2015)

•​31/03/16 - 56p (+65%) - £5.3m PBT (Div 20p)

•​31/03/17 - 60.9p (+9%) - £5.77m PBT (Dividend 22p)


Regards,
GHF

[hydrus] 15/7/2015 17:56

Ha punished quite severely. Nothing wrong with ex Directors selling but perhaps a bit foolish to dress it up with an RNS title that doesn't refer to the selling. The price of the sale doesn't have me concerned as always likely to need to be competitive when selling such a large holding. Oh well nothing more to see here, onwards and upwards I expect

[wjccghcc] 15/7/2015 14:18

See RNS. Retired founders selling 15% of the company to institutions.

[fz13] 15/7/2015 14:09

This is not the usual post news sell off, it's almost 20% of the mcap of selling

[dasv] 07/7/2015 11:20

thanks investorschampion

"Broker forecasts The house broker has left march numbers 2016 unchanged, expecting an approximate 60% uplift in both revenue and PBT supported by the first material contribution (£15m) from MoJ with forecast eps up over 48% to 56p. For 2017 forecasts are now for only modest growth in revenue and earnings with estimates for adjusted pre-tax profit of £5.77m and earnings per share of 60.9p. Clearly this assumes little progress, which seems unlikely given the recent track record"

[wjccghcc] 07/7/2015 08:43

Yup. Added some at 838p

[hydrus] 07/7/2015 08:40

Good entry point this morning after typical results sell off