Solid State Share Discussion Threads

[wjccghcc] 26/3/2015 13:06

Perhaps, but it is a three year contract so runs until end 2017. Also, it will need renewing (though obviously they'll have to win the renewal).

[henryatkin] 26/3/2015 13:06

dasv....Given there is no short interest the reason for the fall is trailing stops being hit before new buyers are prepared to come in. I got stopped out in January with a 40ema trailing stop. A hundred different traders will have a hundred different trailing stops which are gradually getting taken out unless buyers come in. So the question to ask is why buyers are not coming in and I can only presume its because they think its still too expensive.

[stegrego] 26/3/2015 12:55

I worry what happens when mod contract ends. Back to 30p eps then?

[dasv] 26/3/2015 11:51

I picked up a few at 594. Forward PEG of 0.3 now (forward PE of 12, EPS growth forecast 69.7%).

[wjccghcc] 26/3/2015 11:37

Pretty illiquid. Added a few at 585p.

[metier9] 26/3/2015 11:32

I haven't got a clue for the reason for the fall. I don't think they have a large exposure to oil and gas just waffle for who they can supply.

[dasv] 26/3/2015 11:12

no idea for reason for fall. I'd be interested to hear if anyone has any theories.

[tiswas] 26/3/2015 11:11

Is this falling away because of their exposure to oil and gas? Is it material?

[kalkanite] 26/3/2015 09:33

Solid State plc (AIM: SOLI), the AIM listed supplier of specialist industrial/ruggedised computers, electronic components, secure communications systems and battery power solutions to the electronics market, is pleased to announce that its Steatite division has been awarded collaborative funding of £1.1 million towards the research and development of the next generation of Lithium Batteries for Marine Autonomous Systems (MAS).

........Paul Edwards, Battery Business Manager at Steatite said "This success strengthens our position as a manufacturer of battery and power solutions, the Innovate UK funding will bring together a class leading partnership from industry and academia which will provide a platform for future success, with each partner bringing a significant level of domain expertise to the consortium.".......

[metier9] 19/3/2015 13:09

Maybe they should start releasing trading updates feb/march.

[asturius101] 16/3/2015 12:17

Must be a tree shake...

[metier9] 16/3/2015 11:20

Considering no news, a quick google and twitter search for broker notes didn't find any new ones.

I was looking at the last interim and wondering if they will be ahead of forecasts. I looked at the forecasts and noticed H1 is 53% of the forecast which makes me think the 'less H2 weighed' may mean beating Full Year forecasts. They appear to be a lot more active with advertising trade shows/events they are attending.

[fz13] 16/3/2015 10:10

Tree shake? Seems a bit random

[johnv] 15/1/2015 19:26

This is about 20% off its high.

[glaws2] 15/1/2015 15:26

Poor form to answer one of my own questions but I have been in contact with the company and they have confirmed that SOLI is the sole hardware supplier for the GPS offender tagging contract.

[glaws2] 14/1/2015 11:02

I have been researching the company and wonder whether any of the learned folk could help on a couple of points.

Is the MOJ contract exclusive to SOLI or are there other companies also supplying ? Google was not my friend on this.

Apart from the MOJ contract - if it is exclusive - I can't see much of a moat - particularly for the Solid State division which appears just to be a distributor. Does the manufacturing division (Steatite) have products that are market leaders etc ? It's not an area I have any expertise in.

Thanks.

[saucepan] 02/1/2015 17:01

A lovely breakout today; and a quiet thread to boot!

[asturius101] 11/12/2014 11:59

Yes, I reckon so.

[matthuntmba] 11/12/2014 10:17

Anyone have any ideas what has caused the big drop today? It's gone ex div, has that just triggered some stops and caused an over reaction?

[cfro] 04/12/2014 11:34

Now, what on earth were those directors doing selling so many @650p?!

[soupdragon55] 01/12/2014 14:41

Nice to see the tick up, especially after they sneaked out the directors sales on Friday, that said good to hear that they were doing so to satisfy demand when they could have just issued more shares.

[cfro] 24/11/2014 18:04

Thanks for the note GHF.

What stood out for me in todays results was the v strong outlook statement which intimated possible acquisitions and more contracts. Importantly their profile has now been raised considerably since the MOJ major contract.

IMV there is plenty more in the tank here and i added to my holding today.

[glasshalfull] 24/11/2014 17:52

I love a quiet thread...3 posts following an astonishing set of results :-)

Suffice to say I concur with the above comments & so do WH Ireland who have lifted forecasts & target share price

Strong H1; c.10% upgrade to FY and huge dividend hike next year

This morning’s H1 results are exceptionally strong, even allowing for the bullish trading update issued on 27 October. Revenue increased by 39% in the period to a record £17.1m whilst WHI PBT (adjusting for share-based payments) was a stunning 240% ahead YoY at £1.67m reflecting improving margins (gross margin +200bps at 32.1%) and demonstrating the operational gearing within the business.

The strength of the H1 outcome coupled with a record £18.4m order book leads us to upgrade our FY15 expectations by c.10% at the PBT and EPS line although, to us, the real standout is the change to dividend policy (2.5x cover from 3.0x) which suggests a 3% yield next year. We remain at Buy and lift our price target to 763p which equates to a FY16 P/E of 14x.

---

So, 10% upgrade to the current year (now 32.7p EPS) & material uplift to the dividend ... & that's before the a significant proportion of the MoJ deal kicks in.

Well done to management & staff. What a lovely company to be invested in.

Kind regards,
GHF

[grindertrader] 24/11/2014 09:16

Good interim results. Company growing by aquisition.
Increased dividend 45%
Strong Free Cash Flow covering Earnings
A bit snappy in value short term 23x going down to 15x on a 12 month rolling basis
Double figures ROCE resulting in a sound competitive advantage and also increased margins
Balance Sheet is sound

Positive Outlook

[soupdragon55] 24/11/2014 09:13

Cracking results and share price movement today.