Solid State Share Discussion Threads

[this_is_me] 20/10/2020 06:15

Getting through the last 6 months with the same results as the same period last year is a lot better than most companies.

[jamessmith23] 05/10/2020 07:19

Positive news on the additional contract, also always good to see the company keeping investors in the know. Very happy continuing to hold this one with the expectation of consistent, decent levels of growth.

[mach100] 21/8/2020 21:08

Well Boadicea it has come off the boil a little so your insight was timely.I am not going to trade SOLIas i think it could be worth 700p. It operates in a niche area and has weathered Cov 19 well. Probably in a lull currently and will soon be back with upward momentum.

[boadicea] 19/8/2020 19:28

There are many companies that, at the moment, seem uninvestable until proper control of covid19 is apparent and therefore there is plenty of cash available for those companies which show continuing ability to perform reliably. SOLI is one of the latter.
It is not overtly expensive - i.e. realistcally valued but not cheap. The cash conversion is notably good (but be careful - sometimes this denotes a falling order book, reducing input material costs, work-in-progress etc).

Overall, it does not surprise me that the share price is firm and has responded positively to a good update. However I see limited potential for a strong and sustained further advance on what we know at present.

Therefore I would be suspicious that a continuing advance similar to what we have seen in the last few days may mean someone could know (or think they know) rather more than is in the public domain.

[brad_k] 18/8/2020 10:11

Anyone know what's driving the price rise this morning?
Volume isn't great but the price has been lifted steadily. NT on the buy side for even 100 shares, so maybe I have answered my own question, no stock available?

[boadicea] 11/8/2020 06:46

Very reassuring update -

[jimsyone] 03/7/2020 19:59

Solid State (LON:SOLI) – great results and hopefully more to come

[johndoe23] 01/7/2020 15:08

Tried buying between 520-530p for a good hour earlier, no luck. Now 553p to buy, frustrating!!

[jamessmith23] 30/6/2020 07:29

Good to see trading started in line, can't say I'm surprised that order intake is slightly down as that probably hasn't been the thing businesses are prioritising right now but would hope it would return over Q3 as business gets back to normal and people adjust to COVID working.

[mach100] 30/6/2020 07:11

Superb results! Really positive in the circumstances. Divi maintained at 12.5p. Not often you hear that these days. I will be reinvesting the divi here.

[this_is_me] 30/6/2020 07:08

LOL. You can't be serious! Considering the circumstances and the problems other companies have that is a very positive rate of order intake.

Over the next two years of Solid State's five year plan, the Group will remain focused on securing quality orders as it strives to achieve the goal set to double the size of the business through a combination of organic growth and strategic acquisitions. The Board is confident that the achievements of the last year and the growth in the open order book demonstrate that Solid State is making good progress towards achieving its goals and that the prospects for the Group remain very positive in spite of the disruption that COVID-19 is causing.

[jamessmith23] 30/6/2020 07:04

I see your posts like these everywhere, get a life

[onjohn] 30/6/2020 06:15

Q1 orders down 15pc
Profit warning

[johndoe23] 29/6/2020 09:45

Near 7% spread today, hardly encouraging buyers pre results...

[jamessmith23] 26/6/2020 11:42

Spread only 2% which isn't bad for a sub 50m cap, surprised it hasn't risen more prior to results so bought today.

[this_is_me] 08/6/2020 18:19

The real spread is much less,but still too big unless you are a long term holder. You can get a better idea if you look at the actual trade prices.

[mach100] 08/6/2020 17:35

Superb update and still some upside possible. The spread increased to 8.3% which is ridiculous and will put off some buyers. It may well fall tomorrow as some people lock in profits while buyers remain deterred. One trick the market seems to be missing is that the medical and retail segements are likely to remain buoyant even post-Covid 19 but the oil and gas industry imo is already recovering and will bounce back strongly as we come out of COV19 due to pent up demand. The same is possibly true of commercial aviation but I am less sure on that one. The divi restoration puts it ahead of other companies who have axed their's with no commitment to return. A possible fall tomorrow but I am now looking for 700p to 800p having thought this was worth 620p to 700p

[nallen1] 08/6/2020 16:57

Solid share this

[sogoesit] 08/6/2020 09:37

Undervalued in my view at about 600p, as follows:

TTM P/E about 18x on last year's 36p EPS but last HY2019 EPS was about 28p.
Say, post today's TU, second half EPS could be(?) 28 gives 56p FY2019 EPS.
Paying 18x for forward 56p EPS gives a near term upside to the share price of £10.
(NB: Only will be "forward" in terms of results on 30 June but this will be past as of 31 March 2020).

So, on a one year trading forward view from today I think I'm being conservative, as follows:

If further EPS growth is between 40% and 60% (last HY was 64% y-o-y) let's say 50% on 56p gives one year forward for FY2020 of 84p. Paying 18x gives upside to £15. A double from here on a 12 - 24 month view.

Entered today (first position) at £6.

[nallen1] 08/6/2020 06:59

Ahead of managements expectations..The words we like to read in an rns

[this_is_me] 08/6/2020 06:48

Excellent news, even without the virus problems it would have been good news.

[this_is_me] 01/6/2020 13:43

Back above the £5 mark.