Solid State Share Discussion Threads

[yoyoy] 12/10/2011 07:30

Elec,

Strong language from you but a good trading statement.

Happy to continue holding.

That divi is only a forecast - I doubt that it will be that high. I would prefer some cash retention for business opportunities.

[envirovision] 27/7/2011 08:39

Gives us the necessary platform on which we can significantly grow the business over the coming years.

But in particular this bit:

Board remains confident that the step change in profitability achieved this year can be sustained and developed in the new financial year.

So they are saying they think they can easily maintain growth from here.

Should easily do 20p+ eps next time and a 10p dividend. Worth holding for another year IMO at the very least.

[skyship] 27/7/2011 07:38

Pretty remarkable set of numbers - & the total Divi doubled:

[skyship] 22/7/2011 08:43

Change of Adviser from Fox Davies to WH Ireland. Anything to be read into this I wonder?

Enviro - yes, I'm here too. Bought a very few @ 107p after you mentioned them on the SHA thread...

[envirovision] 11/7/2011 11:11

Volume still high for SSP though, this must have had a write-up somewhere, the stock is normally to far from the average punters radar for this !

[yoyoy] 08/7/2011 12:26

Another little tick-up. I assume the MMs haven't any stock.

[envirovision] 07/7/2011 21:10

Yes and its so hard to buy as Electronica points out, it never goes down, it only ever goes up. Prelims should be enlightening.

[yoyoy] 07/7/2011 20:06

cosy little thread - just the 3 of us.

[electronica] 07/7/2011 19:30

enviro.........

Today's rise in the teeth of a profits warning from PFL.

Ain't it impressive. I've been adding for months - but it's been so hard not to bid against myself in such an illiquid stock.

Next sto 150p after the Prelims on 29th July.

[envirovision] 07/7/2011 15:56

noticed a few small trades wondered if they had been mentioned somewhere.

[yoyoy] 07/7/2011 15:55

Finals for ye 31 March due at the end of the month.

No brokers forecasts so off the radar.



this is what the co said in March



16 March 2011

Solid State plc (the "Group")

Trading update & announcement of significant order

The Board of Solid State plc (AIM:SSP), the AIM listed supplier of battery products, specialist electronic components and industrial/rugged computers to the electronics market, is pleased to provide a trading update for the year ended 31st March 2011.

The strong trading experienced by all of the Group's divisions during the first half of the year, reported in the Interim Results on 23 December 2010, has continued into the second half. Steatite, our battery products and industrial computer division, completed its move into an excellent new building at the start of January, with limited interruption to business, and is already benefitting from the state of the art manufacturing and assembly facility.

As a consequence, the Board expects that the performance for the second half of the year will be comparable to that of the first half, ignoring approximately GBP150,000 of exceptional costs incurred during that period in relation to relocation expenses at Steatite, final acquisition costs at Rugged Systems and non-recurring restructuring costs at Solid State Supplies.

The Group's open order book continues to be strong and the Board is pleased to report that Steatite has just been awarded a GBP1.2 million order from a leading global defence, security and aerospace company for command and control systems for the defence market. This new order is the first to be received under a new two year agreement and will be shipped during the first half of the financial year to 31 March 2012.

We continue to pursue our stated strategy of seeking complementary UK acquisitions within the electronics industry and believe that we are well placed to enhance shareholder value in this manner.

For further information please contact:

[yoyoy] 10/5/2011 15:42

Grant of Options

Solid State plc (AIM:SSP), the AIM listed supplier of battery products, specialist electronic components and industrial/rugged computers to the electronics market, announces that yesterday it allocated to each of Gary Marsh and John Lavery, Executive Directors of the Company, 120,603 share options at an exercise price of 99.5 pence per share in accordance with the Emi Share Option contract dated 9 May 2011. These represent the only share options held by Mr Marsh and Mr Lavery.

The share options are capable of being exercised during the period starting on 10 May 2012 and ending on 31 March 2016. 60,301 are capable of being exercised when the price of the Company's ordinary shares meets or exceeds 200 pence per share for 20 consecutive business days preceding exercise. The remaining 60,302 are capable of being exercised when the price of the Company's ordinary shares meets or exceeds 250 pence per share for 20 consecutive business days preceding exercise.

In addition to the options granted above, Mr Marsh has a beneficial interest in 391,169 ordinary shares in the Company representing approximately 5.76 per cent. of the current issued share capital and Mr Lavery has a beneficial interest in 318,320 ordinary shares in the Company representing approximately 4.69 per cent. of the current issued share capital.

[envirovision] 09/5/2011 16:17

Yes interesting post, helps explain why he is not really selling many .. yet.

I doubt EKT could afford them, they over paid for Hartest and will be pretty cash constrained now imo despite pulling out all the stops such as invoice discounting etc, and I doubt the shareholders would be up for yet another share placing over there.

[yoyoy] 09/5/2011 16:08

enviro,

reposting a bit from electronica

"

Electronica - 30 Dec'10 - 10:30 - 87 of 102


I thought that I was the only one buying over the last few months & I've had to go in in very small chunks (£2k at a time) in order not to drive the price up against myself.

As far as being tightly held goes - that's one reason for coming in. I worked with Gordon Comden in my first electronics job (in the early 70s) & at his age Gordon must now be thinking about the future of his stake. My view is that Solid State will soon be "in play" with his 43% of the shares determining the future. Gordon will not want to go out at today's silly price - so let's think about 200p+.

Yoyoy - have a think about an SSP fit inside the EKT portfolio. The overlaps are v intriguing. "

[envirovision] 09/5/2011 15:54

Not exactly selling bucket loads either are they considering their 2 Mill and 1.5 Mill stakes.

[yoyoy] 09/5/2011 15:50

Looks like the 2 major shareholders have reduced their holdings without disrupting the market.

Other directors continue to accumulate.

Got to be positive imho

[yoyoy] 09/5/2011 15:44

Thats on top of these

13 April 2011

Solid State plc (the "Company")

Directors' Exercise of Share Options

Solid State plc (AIM:SSP), the AIM listed supplier of battery products, specialist electronic components and industrial/rugged computers to the electronics market, announces that Gary Marsh, Chief Executive, and John Lavery, Executive Director, have today exercised share options as detailed below:


Percentage of
Number of Share Shareholding Issued Share
Name Options Exercised following Exercise Capital

Gary Marsh 317,460 391,169 5.76%

John Lavery 317,460 318,320 4.69%


Application has been made for the admission of the 634,920 new ordinary shares to trading on AIM and is expected that such admission will become effective on 19 April 2011. These new ordinary shares will rank pari passu with the existing ordinary shares of the Company.

Following the exercise of these share options, there will be 6,791,431 ordinary shares in issue.

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 5p each of Solid State plc in issue as at 13 April 2011 is 6,791,431.

The above figure of 6,791,431 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Disclosure and Transparency Rules.

For further information please contact:

[yoyoy] 09/5/2011 15:41

Directors got a bargain



9 May 2011


Solid State plc ("Solid State" or the "Company")

Dealings by Directors

Solid State plc (AIM:SSP), the AIM listed supplier of battery products, specialist electronic components and industrial/rugged computers to the electronics market, announces that in order to broaden the Company's shareholder base and improve liquidity, FoxDavies has today placed 915,106 ordinary shares at a price of 90 pence per share on behalf of Solid State's founders, Mr Gordon Comben and Mr William Marsh, both of whom are Non-Executive Directors of the Company. These shares, representing 13.47 per cent. of the issued share capital, have been placed with institutional and other investors, together with certain of the other Directors of the Company.

Mr & Mrs Gordon Comben have, in aggregate, sold 715,106 ordinary shares at 90 pence per share and Mr & Mrs William Marsh have, in aggregate, sold 200,000 ordinary shares at 90 pence per share.

In addition, Mr Peter Haining, Chairman, has acquired 40,000 ordinary shares; Mr John Macmichael, Executive Director, has acquired 11,000 ordinary shares; and Mr Anthony Frere, Non-Executive Director, has acquired 56,000 ordinary shares. In each case, the ordinary shares were today acquired at a price of 90 pence per share.

Following these transactions, the interests of the Board of Solid State in the issued ordinary share capital of the Company are as follows:


Percentage of
Name Shareholding Issued Share Capital

Gordon Comben 2,000,000 29.45%

Anthony Frere 56,000 0.82%

Peter Haining 52,500 0.77%

John Lavery 318,320 4.69%

John Macmichael 11,000 0.16%

Gary Marsh 391,169 5.76%

William Marsh 1,488,000 21.91%

[envirovision] 16/3/2011 09:09

Im not sure electronica how they will choose to represent the 150k in the full year accounts. I agree with your synopses and so £2.00 is certainly possible from what im looking at. The growth here looks juicy. The market has not seen this yet.

[envirovision] 16/3/2011 07:40

spot on yoyo and a decent sized defence supply agreement to boot.

[yoyoy] 16/3/2011 07:33

Morning Elec.

My reading is that the numbers are before the exceptional costs.

This is very encouraging and looking for that 130p

[electronica] 16/3/2011 07:26

Yoyoy

Ain't that a great looking update & ain't I glad that I topped up in late Feb!

The statement is a little ambiguous though. Are we expected to take off the £150k of expansion exceptionals from the £550k of H1 ptp?

We're either on 950k or £1.1m of ptp for the full year - making SSP way undervalued. We should be trading at 140-160p (even on a industry lagging P/E of 8). Put SSP on a "growth" forward P/E of 12+ & we would be trading at 200p+.

[yoyoy] 16/3/2011 07:24

SSP made 6.1p eps in the 1st half.

Trading Statement says that will be repeated in the second half giving an eps of 12p/13p.

Inline with HB's views earlier in year
"..... Forecasts of some 13p EPS with 4.3p DPS would put the group on a prospective PER of 7.5x and a yield of 4.4p. We maintain the Buy recommendation and upgrade the price target to at least 130p. BUY (Julian Tolley)"
who gave a price target of 130p.

Plus a nice new order of £1.2m

[yoyoy] 16/3/2011 07:15

16 March 2011

Solid State plc (the "Group")

Trading update & announcement of significant order

The Board of Solid State plc (AIM:SSP), the AIM listed supplier of battery products, specialist electronic components and industrial/rugged computers to the electronics market, is pleased to provide a trading update for the year ended 31st March 2011.

The strong trading experienced by all of the Group's divisions during the first half of the year, reported in the Interim Results on 23 December 2010, has continued into the second half. Steatite, our battery products and industrial computer division, completed its move into an excellent new building at the start of January, with limited interruption to business, and is already benefitting from the state of the art manufacturing and assembly facility.

As a consequence, the Board expects that the performance for the second half of the year will be comparable to that of the first half, ignoring approximately GBP150,000 of exceptional costs incurred during that period in relation to relocation expenses at Steatite, final acquisition costs at Rugged Systems and non-recurring restructuring costs at Solid State Supplies.

The Group's open order book continues to be strong and the Board is pleased to report that Steatite has just been awarded a GBP1.2 million order from a leading global defence, security and aerospace company for command and control systems for the defence market. This new order is the first to be received under a new two year agreement and will be shipped during the first half of the financial year to 31 March 2012.

We continue to pursue our stated strategy of seeking complementary UK acquisitions within the electronics industry and believe that we are well placed to enhance shareholder value in this manner.

For further information please contact:

Solid State plc 01892 836 836

Gary Marsh - Chief Executive

FoxDavies 020 3463 5010

(Nominated Adviser)