Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Different outlook today which will make for an interesting and insightful presentation tomorrow night ?!
https://www.sharesmagazine.co.uk/events/event/shares-investor-webinar-240424
Reporting a record year with a strong trading performance . Revenue and adjusted pretax profit are expected to be ahead of consensus expectations.
What price did you get Rivaldo. 🤔? I think I will sell half. It seems to be recovering now from the initial fall. You did well to exit though!
I decided to sell and take profits first thing after the "ahead of expectations" update this morning. Counter-intuitive really!
But the outlook going forward is pretty subdued - WH Ireland's new forecast for the coming year to March '25 has been reduced to 65.7p EPS, leaving SOLI on for me too high a P/E going forward in difficult markets.
SOLI are a quality company and may well prove that forecast conservative, but better to be safe than sorry for the moment if SOLI's share price drops back to say 1000p-1100p.
Ask is presently 1260 - my broker got it for 1236, and showing as a sell.
WH Ireland have today initiated coverage on SOLI with a 1650p fair value price target, and an "undemanding" current valuation.
They summarise in a 24 page research note:
"Valuation attractive for high-quality business:
With multiple avenues for growth and a record of surpassing conservative earnings guidance, we view the current rating as unjustified for a company of this quality"
Lets be having a rise today Soli
Seems to have decided to level off and stay at a decent high. No complaints from me Soli
Cavendish (Finncap) have retained their 1620p price target, with the recently upgraded 85p EPS and a 21p divi forecast for this year.
They summarise:
"Divisions.
Overall, the defence and security sectors remained robust for obvious geopolitical reasons. It also saw strong growth in IoT component demand as well as good demand in the medical sector, with strong demand for its design in capabilities strengthening its product pipeline. The Systems division saw growth of 136.3% to £56.7m, boosted by the Custom Power acquisition and £23.4m of revenue from the large military contract. Integration benefits are starting to accrue from combined efficiencies and operational collaboration. The Components division revenues at £31.4m, were comparable with H2 2023 in dollar terms, albeit following a very strong prior period.
- Forecasts.
Outlook comments point to the group trading in line with existing FY24 expectations, which were upgraded at its recent period end update. We therefore maintain our adj PBT and adj EPS forecasts for FY24 and FY25, with a minor cash improvement.
- Valuation.
The shares have recovered from previous weakness and have narrowed its P/E discount to its peers. We maintain our 1620p TP, based on a target FY25 P/E of 19.4x. We continue to see good momentum, with conservative guidance, but where a strong balance sheet and a capable and ambitious management keen boost growth via EPS-accretive acquisitions."
Encouraging H1 results today.
SOLI confirm that they're trading nicely in line with forecasts which were upgraded after the last update, but the figures show that actually there's still decent headroom for beating the higher expectations.
Adjusted PBT of £7.3m - up 39% - is over 58% of the £12.5m forecast for the year, and the 46.8p EPS is almost 55% of the forecast to 31st March.
So SOLI don't need much in H2 just to meet expectations, and may well do much better than that.
Plus good cash flows continue to reduce debt to almost nothing, so we could see further acquisitions from the "healthy" acquisition pipeline.
I also liked the sound of this:
"Pleasingly, post Period-end we have secured a design and build programme for a smart battery in a hand held industrial device with a new global client"
Month since my buy in here, timed it quite nicely for once, wondering whether to bail out with the profit before the results day. Might just remove my cash in stake and leave the free runners, running.
I bought in here first thing yesterday after the trading update for the first time, SOLI having been on my watch list for sme years. The defence aspect in particular is a great tailwind in these markets along with the high tech nature of its other products and markets such as the promising partnership with CYAN.
Hopefully a push back up to 1500p is now on the cards.
.....talking of which, a new contract for CYAN announced this morning is presumably good news for SOLI too:
Https://www.londonstockexchange.com/news-article/CYAN/contract-in-the-middle-east-and-north-africa/16189023
Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, announces a trading update for the six months ended 30 September 2023 (the 'Period' or 'First Half').
The Directors are pleased to report a strong first half trading performance, including:
· Revenues of approximately £88.0m (2022: £59.4m). Organic revenue growth in the Period being in excess of 35% on a constant currency basis;
· Adjusted profit before tax* of at least £7.0m (2022: £4.2m), reflecting a 67% year on year increase; and,
· Strong cash generation from trading activities, contributing to settlement of deferred consideration relating to previous acquisitions, and paying down the Group's borrowings.
All looking pretty positive.
Good to see the sites trades as displayed accuratly as usual.
The trade at 9.34 is mine, but the sites showing it as a sell when its a most certain buy.
I guess SOLI have an arrangement with ii to send the info to shareholders.
Very long winded but well put together and all looked positive
When the markets get out of their morbidity trough, which they will, SOLI SP should do well imho
It's the general despondency that holds the SP back - unfortunately - again imho
Nothing - look at the tape, someone was exiting a large position throughout the day. When there is no liquidity and trading is messy, this is what happens. STRONG BUY
A year or more into the relatively massive (for SS)Custom Power acquisition. Time to show some concrete benefits.
October is schedule for the next trading update.
Big fall otherwise for a general trading day.
RNS monday anybody?
Tipped in the mail
https://www.thisismoney.co.uk/money/investing/article-12277805/MIDAS-SHARE-TIPS-spark-portfolio-Solid-State.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.105915969.316235245.1688850539-829466088.1679172563&_gl=1*b84k3b*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTY4ODg1MDUzOC4yMC4xLjE2ODg4NTA1NDYuMC4wLjA.
Very good indeed - valuations are very supportive too
Record results for year ending 31 March 2023.
Current trading ahead of concensus for 2023/24.
Prospective p/e of around 13.
A well run company in a growth sector of the economy.
Very happy with my investment here.
Is anyone else suffering when good companies in which you hold shares announce good news stories.
Goodness knows what would happen to the share price if bad news was released.
Anyone any idea why Solid has not been so solid recently?
Full year results are a little bit disappointing, nice to see increase in revenue and profitability consistency (since many companies went into a red zone) but those constant adjustments {this time - amortization/acquisition consideration as per note 31} are just killing it, if this continues (even though they're saying it's "non-recurring" - for some reasons they keep finding a way to cut profits each time) then there's not enough de-facto net profit to justify such an already high valuation.