Solid State Share Discussion Threads

[glasshalfull] 26/10/2014 21:22

I've created a new thread for Solid State Supplies following recent change in its ticker from SSP to SOLI.



Header created to provide snapshot on financials and forecasts.

Regards,
GHF

[rarther] 18/9/2014 00:32

It got there in the end!

[glasshalfull] 06/8/2014 20:59

Nice update from John Lavery, Director of Solid State on the contract win via BRR Media interview.



I especially like the part of the interview where he indicates that this contract could continue to grow over the years as more applications are sought...

Regards,
GHF

[hectorp] 05/8/2014 16:54

drat - missed it.

[m.t.glass] 05/8/2014 10:55

Here's how the Birmingham Post reports the news:



The company is based in the paper's catchment area.
(At Redditch, with facilities at Worcester and Hereford)

[dasv] 05/8/2014 09:15

Thanks Glasshalfull.

[m.t.glass] 05/8/2014 08:32

Nice ;o)

Remarkable effect on share price. This inking-in was expected, confirming last month's announcement, but now includes the contract value.
Share price has doubled in 6 months.

Shares go XD tomorrow morning, for a dividend of 5.75p

[glasshalfull] 05/8/2014 08:28

Wow! Excellent contract win announced this morning.

WHI have upgraded PBT & EPS forecasts as follows:-

2015 +4%
2016 +80%

which equates to...£5.15m PBT & 54.5p EPS

Congratulations to the SSP team for delivering this monumental contract win.

Regards
GHF

[m.t.glass] 16/7/2014 10:34

I left an order in place overnight to buy at 415p (just above the May high) in case it briefly got dragged back from yesterday's jump. Already have a decent holding, and that would have been just a top-up. No joy with the topping-up but happy to see another rise.

[dasv] 16/7/2014 08:21

nice contract win!

[airwalk1971] 15/7/2014 23:09

Silence is golden.

[glasshalfull] 15/7/2014 17:44

Funny how the quiet threads often correlate to excellent companies & performance ;-)

Great statement from SSP today and delighted to have bought into the story 6/7 months ago.

WHI consider the "opportunity to be substantial" for Solid State.

"Final contract terms are expected to be agreed by 26 July 2014. It is currently anticipated that Solid's Steatite business will be supplying initial products to the MoJ by the year end. Further quantities are then expected to be supplied, based on a minimum contract award for a three year period. The contract is not expected to have a significant impact in the current financial year as most deliveries are expected to take place in FY16 and FY17.

We have put our forecasts and target price Under Review (with material upside implications) pending a further announcement and clarity regarding the likely quantum of this agreement. We believe the opportunity to be substantial. We expect a material increase in the share price short term and retain a Buy recommendation."

Regards
GHF

[m.t.glass] 15/7/2014 16:14

And now we see why it moved - evidently the news leaked; contract announced at 1:13pm today:



15 July 2014

Solid State plc

("Solid State" or the "Company")

Contract Award

Solid State plc (AIM: SSP), the AIM listed supplier of specialist industrial/ruggedised computers, electronic components, antennae, microwave systems and battery power solutions to the electronics market, announces that its largest division, Steatite, has been selected by the Ministry of Justice (MoJ) as the supplier of monitoring hardware for GPS offender tagging.

Final contract terms are expected to be agreed by 26 July 2014. It is currently anticipated that Steatite will be supplying initial products to the MoJ by the year end. Further quantities are then expected to be supplied, based on a minimum contract award for a three year period. The contract is not expected to have a significant impact in the current financial year as most deliveries are expected to take place in financial years ending 31 March 2016 and 2017. A further announcement will be made once the contract has been finalised.

The Solid State Group is made up of companies with a longstanding engineering heritage and a reputation for innovation. The Group has a track record of supplying Government departments with secure communication systems.

For further information please contact:

Solid State plc 01527 830 630
Gary Marsh - Chief Executive [e-mail]

WH Ireland (Nominated Adviser) 0117 945 3470
Mike Coe

Winningtons (Financial PR) 020 3176 4722
Tom Cooper/Paul Vann 0797 122 1972
[e-mail]

Notes to Editors:

Solid State plc (SSP) is a leading value added group of companies providing specialist design-in and manufacturing services to those acquiring industrial/rugged computing products, battery power solutions, antennas, microwave systems and electronic components for use in harsh environments.

Serving niche markets in oil & gas production, medical, construction, security, military and field maintenance, Solid State acts as both a distributor to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

Headquartered in Redditch, Solid State employs over 140 staff across four sites. Solid State operates through two main divisions: Solid State Supplies and Steatite.

Solid State was established in 1971 and admitted to AIM in June 1996.

This information is provided by RNS

The company news service from the London Stock Exchange

END

[m.t.glass] 15/7/2014 11:18

But nice break now past previous high if it holds.

[badtime] 07/7/2014 09:33

Muted response from the market

[envirovision] 07/7/2014 07:09

Beat expectations

[jeff h] 23/5/2014 12:56

I've sold all of my shares recently.

Profits this year "in line" so must be near WH Ireland forecast of £2.0m and EPS of 22.2p

Don't know why it trades off a P/E of 18. Current forecast for new year = £2.5m profits and 24.2p EPS so it's not as though strong growth is forecast either.

Anyway I am happy with a 50%+ gain made over 7 months but will still look out for news in the company.

[m.t.glass] 14/5/2014 12:33

and this week's rise is because??

[metier9] 13/3/2014 11:58

SBRY down 7%, SSP up 7% my portfolio is rather confused today.

[foxman14] 13/3/2014 10:29

Cursory galance shows no news or tips. Market re-rating?

[jeff h] 13/3/2014 09:33

Was thinking the same spookies!

[spookies] 13/3/2014 09:18

Some good price action here. Any ideas anyone?