Solid State Share Discussion Threads

[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.

[cfro] 24/11/2014 07:51

Superb results! :0)

PBT up175%

Eps up 123% at 16.7% ahead of forecasts


All this growth achieved despite the MOJ contract kicking in.

I like this bit in the statement:

I can report ongoing dialogue with potential acquisition targets, productive conversations with new product manufacturers, and encouraging new client and cross-selling initiatives.

[cfro] 12/11/2014 13:29

Bound to be a pull-back at some stage. After all this has had a fine run of late.

Seems like a good opportunity to me.

[soupdragon55] 12/11/2014 12:48

Marked down on puny volume of just 800.

edit. 12k volume now. Moving back down to my buying levels.

[cfro] 05/11/2014 13:26

I also bought @625p the other week and have added since. Bought more today too.

Think they still offer very good value with a forward multiple of 12.

Seems every small buy moves the price up. :-)

[soupdragon55] 05/11/2014 12:53

Ticking along nicely, managed to get some at 625p the other week as a start, may drip feed more funds in the near term.

The spread is a bit of a pain though.

[cfro] 27/10/2014 16:09

Im in as of today.

Was looking at the Trading update this morning and just assumed with the ticker - SOLI and the (according to ADVFN) short share price track record, that it was a new issue. Yet i did have SSP on my watchlist with a view to buy in and hadn't realised that it had changed ticker.

Stoopid me! :-)

It was actually another investor - Saucepan - who pointed out what was what. So a thankyou to him.

Anyway, a forward pe of around 12 looks good value against earnings that will most likely be upgraded further in time. Plus every chance of further contract wins too makes upgrades more likely still.

[glasshalfull] 27/10/2014 08:09

Timely creation of a new thread with today's positive trading update.

WH Ireland reiterate their buy recommendation,

Market Cap £50m Price 605p Target Price 650p

Solid has made a good start to the year and reports that interim results (to be issued 24 November) will, as expected, be significantly ahead of the equivalent period last year. This puts the company on track to meet market expectations for the full year.

Following substantial upgrades to forecasts in August due to a major multi-year tagging contract with the UK’s MoJ, Solid trades on just 11.1x FY15 earnings and as such the shares remain firmly in Buying territory.

Interim results will be announced on Monday 24 November 2014.


Regards,
GHF

[aomar] 27/10/2014 06:38

Options_Guru is now using twitter , spread the news