Solid State Share Discussion Threads

[jamessmith23] 30/6/2020 08:29

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 08:11

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 08:08

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 08:04

I see your posts like these everywhere, get a life

[onjohn] 30/6/2020 07:15

Q1 orders down 15pc
Profit warning

[johndoe23] 29/6/2020 10:45

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

[jamessmith23] 26/6/2020 12:42

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 19:19

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 18:35

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 17:57

Solid share this

[sogoesit] 08/6/2020 10:37

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 07:59

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

[this_is_me] 08/6/2020 07:48

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

[this_is_me] 01/6/2020 14:43

Back above the £5 mark.

[this_is_me] 15/4/2020 08:07

Hardly a profit warning:

Commenting on the trading update and the short-term outlook, Gary Marsh, Chief Executive commented:

"We are very happy with the performance of the business in the past year and consider that it demonstrates the cash generative nature of the business model despite the macroeconomic and political uncertainties which became defining characteristics of the period.

[onjohn] 15/4/2020 07:45

Profit warning

the Group is experiencing softness in the demand for batteries for the commercial aerospace market and in computing products for certain niche applications in the industrial sector. Separately, owing to the fall in oil prices, we are currently experiencing lower levels of orders for battery packs from the oil and gas industry.

[this_is_me] 15/4/2020 07:14

Confirmation of no serious problems this morning.

[this_is_me] 30/3/2020 07:34

It all looks really good considering the present virus situation.

[tole] 30/3/2020 07:29

Stock has historically been held at high levels to limit exposure to supply chain volatility and enable Solid State to fulfil customer needs confidently. At this point, the Group holds approximately 2.5 months' stock. This has proved advantageous in the recent months, giving the Group additional comfort against potential supply chain disruption. Encouragingly, the Asian supply chain is now starting to return to more normal levels.

[shrout] 22/3/2020 19:09

An updated statement on how staff are coping, their changed working practices, supplier difficulties etc. is available on the website.

'It is – as far as possible – business as usual'.. Their supplier network is clearly quite badly disrupted though stock levels are described as 'good'.

[tole] 19/3/2020 17:39

It's on their websitehxxps://www.sssltd.com

[tole] 19/3/2020 12:31

Nice to see a bit of a recovery after the last few days drop on low volume .. had forgotten what it was like seeing a share actually going up.