Solid State Share Discussion Threads

[glaws2] 21/7/2015 11:40

A pleasing recovery in the shareprice - back to where we were before the Guardian article and founder/director sales.

[skyracer] 20/7/2015 10:45

Thanks for sharing the Walbrook reply with us Glaws2.

[hydrus] 19/7/2015 14:13

But the current chairman just sold about 90% of his shares at below market price. Why would he do that? Doesn't exactly build confidence, selling such a large amount of his share holding when there are some indications of possible issues with a contract they are involved in.

[glasshalfull] 19/7/2015 12:49

Update from an investor that spoke with management & attended a SOLI presentation 10-days ago.



I concur with the sentiment & observations of this post, it appears to be a rehash of old news.
The management team have delivered in spades during recent years & I believe worthy of our backing.

Regards,
GHF

[hydrus] 18/7/2015 08:31

Good point about the percentage Glaws and thank you for posting the reply from SOLI

[glaws2] 18/7/2015 08:25

Hydrus - I don't disagree - the MoJ contract clearly has scope for political decisions over-riding business ones. The chairman's reason for sale was laughable - it's less than 4% of the amount the founders let go the previous day.

[hydrus] 18/7/2015 07:27

Yes but that doesn't mean that a future announcement won't be made - it's quite possible that it's not fully clear yet to all parties what the impact will be on timeframes.The Chairman selling shares at below market expectations does not fill one with confidence, especially when the RNS seems to imply that the reason he sold shares was because there was institutional demand. Really? So he's such a generous chap that he's willing to help out those nice institutions by passing on future profits? Or actually does he just want to sell shares because he is less optimistic about the future? Only time will tell.

[glaws2] 18/7/2015 06:06

Here is the reply I received from Walbrook - SOLI's PR firm.

"The article that you refer to rather misrepresents the situation for Steatite as we understand it. Any inference of delays due to Steatite’s role in the overall project are incorrect and the expectations around delivery of products as outlined in our Preliminary results and as built into our broker forecasts remain as stated.


The journalists have undertaken this article without reference to the company. Naturally, should the roll out of the project alter such that it affected the expectations of the market, we would be making a public statement to that effect."

[cockerhoop] 17/7/2015 12:35

I've yet to see a case where a minister has taken the glass half empty view of issues within his department so I'm confident Andrew Selous would not have disclosed that a project was delayed by at least 12 months if everything was running smoothly.

What's unclear is what the problems are and who's responsible for the solving of them.

Director and ex-director sales though don't inspire confidence.

[dasv] 17/7/2015 11:07

Chairman sold down to 0.1% of co.

I expected a reassuring RNS re: the media story re: IP/problems. In the absence of reassurance/denial I have sold.

I will be back if story is storm in a teacup or is inaccurate.

[redartbmud] 17/7/2015 10:52

IC 16 July - BUY

[hydrus] 17/7/2015 10:41

Another Director sale?

[glaws2] 16/7/2015 14:36

I have contacted the PR firm - "This article appears to misrepresent the state of affairs as we understand it". They have said they will provide further information after it has been discussed with the MoJ. I'm still awaiting a reply from the company.

[glaws2] 16/7/2015 09:12

I hold so am naturally bullish and I might be being naive, but I find it hard to believe that if this were as big a problem for SOLI as is being made out then the results announced a week ago would have had some reference to it.

[cockerhoop] 16/7/2015 09:06

I think it's been fairly widely reported, I heard a snippet on R4 evening news yesterday and there's also a more sensationalist report in the Mailonline.

I'd expect the company to issue an RNS if there are issues as it's a significant contract and Peter Selous's comments certainly appear to be at variance with the July 7th statement that the contract was proceeding as expected.

Edit.
It was Peter Selous (prison ministers) comments not Gove's.

[wjccghcc] 16/7/2015 09:06

They weren't directors.

[hydrus] 16/7/2015 08:58

Perhaps that is why the purchase price was low - they wanted some headroom

[redartbmud] 16/7/2015 07:38

Oops

Bit of a banana skin.

[cockerhoop] 16/7/2015 07:26

New to SOLI so apols if already common knowledge but this does not appear to bode well for the MoJ contract

[glaws2] 16/7/2015 05:53

Thanks for this GHF. Took the opportunity yesterday to add.