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Started: Arteee, 7 May 2024 10:00
Last post: Arteee, 7 May 2024 10:00
Quiet under the radar share this progressing nice and steadily :)
Started: FONDA, 23 Apr 2024 10:58
Last post: FONDA, 23 Apr 2024 10:58
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.
Started: rivaldo, 27 Mar 2024 08:18
Last post: Fallingknife1, 27 Mar 2024 12:17
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.
Started: rivaldo, 31 Jan 2024 11:44
Last post: rivaldo, 31 Jan 2024 11:44
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"
Started: rivaldo, 5 Dec 2023 07:30
Last post: Daytradenovice, 8 Jan 2024 07:50
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"
Started: Daytradenovice, 17 Oct 2023 13:10
Last post: Daytradenovice, 19 Nov 2023 18:01
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.
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.
Started: rivaldo, 31 Oct 2023 08:49
Last post: rivaldo, 31 Oct 2023 08:49
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
Started: Cautiousman, 30 Oct 2023 10:52
Last post: Cautiousman, 30 Oct 2023 10:52
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.
Started: Amica1, 4 Oct 2023 16:08
Last post: Amica1, 4 Oct 2023 16:08
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
Started: Daytradenovice, 22 Sep 2023 16:44
Last post: DaddyAIM, 24 Sep 2023 18:29
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?
Started: Troajan, 8 Jul 2023 22:13
Last post: Troajan, 8 Jul 2023 22:13
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.
Started: Cautiousman, 4 Jul 2023 12:20
Last post: DaddyAIM, 4 Jul 2023 12:38
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.
Started: Cautiousman, 12 May 2023 14:53
Last post: Cautiousman, 12 May 2023 14:53
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.
Started: TheUKProf, 30 Mar 2023 20:53
Last post: TheUKProf, 30 Mar 2023 20:53
Anyone any idea why Solid has not been so solid recently?
Last post: Troajan, 26 Oct 2022 11:49
Started: Cautiousman, 7 Dec 2021 14:51
Last post: Yuri.F, 27 Jul 2022 10:22
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.
While I'm really glad I bought back in here I just wish I'd listened to that wee voice that was telling me not to rush.
I spotted the results and bought immediately the market opened then watched the price fall 10%.
Worse still it was no surprise as the price of good companies often falls after good results but I was so eager I went ahead anyway and consequently am now up only 15% when I could have been up around 25%.
Oh well - Mustn't Grumble.
Good to see common sense prevail and we've recovered all the silly losses.
Great results yet the price takes a nose dive. You have to wonder at the mentality of some traders.
Some extracts from the Interim Announcement:
Revenue and adjusted profit before tax up 19.0% and 28.2% respectively.
Record open order book at 30 November 2021 of £70.3m, up 14.3% on 30 September 2021 of £61.5m, and up 70% on year end figure of £41.3m at 31 March 2021.
Group-wide we have worked closely with customers and suppliers in response to the rebound in the economy. This is evident in the order flow and the strong open order book, which gives the Board confidence in meeting expectations1 for the full year."
Even taking the existing - likely over cautious - estimates for the full year, Solid State are trading on a p/e of about 16 with a PEG of 0.6
Very content with my investment here.
Today's rise shows that there are winners and losers in every scenario. Presumably SS's exposure to the defence industry responsible for today's rise?
Started: Fallingknife1, 9 Aug 2021 14:00
Last post: Velo, 9 Aug 2021 15:39
Tipped on the weekend by one of Britain's fav tipsheets, that's why.
but not sure why. Certainly a warm order. Great company. Been a good hold for me and looks like 1000p could be smashed soon.
Started: Fallingknife1, 13 Jul 2021 10:06
Last post: Alibro, 13 Jul 2021 13:47
My profits here are small as I bought in at 861p but at least I'm still in profit.
With the acquisitions and investments last year plus the improvement in profitability it's hard to justify any fall in price let alone 7.5%. Must be a good top up opportunity.
5k when everyone else is selling. I am going to wait for the dust to settle before banking profits. There are some surprises in the statement which show growth is slowing. The market tends to punish these companies severely.
Started: Cautiousman, 22 Apr 2021 16:16
Last post: Cautiousman, 22 Apr 2021 16:16
Excellent trading update today:
"The Group is pleased to report that it expects to announce results ahead of the recently upgraded consensus forecasts. "
And:
"The Board is pleased to report that we have seen particularly strong order intake post year end to start FY21/22, building confidence in the outlook for the current year."
Could really not ask for more.
Started: Fallingknife1, 17 Mar 2021 16:25
Last post: Fallingknife1, 17 Mar 2021 16:25
has arrived and already my expectations exceeded. Only wish I kept punting it on the way up but am glad I have not sold any either. Superb share, doing all the right things.
Started: Fallingknife1, 22 Feb 2021 20:37
Last post: Fallingknife1, 22 Feb 2021 20:37
given the Covid backdrop and could easily have fallen on a sell on the news scenario today. Really strong buying even into the close suggests to me that 800p will be broken if not tomorrow at a point very soon. Some broker upgrades mught fuel a further rise.
Started: Fallingknife1, 10 Feb 2021 21:04
Last post: Jab1tt, 17 Feb 2021 08:44
This was tipped by The Naked Trader on 10th this month, hence rise over last few days. Am thinking of dipping a toe in but not sure at this price.
Thanks Texas. Not sure I would touch a tip of someone who has no kit on but hey works for others.. Hopefully we get more buying in the morning. Been a good journey with Solid since I first bought in at 480p.
Naked Trader has bought in, updated website earlier today
and lots of buying interest at the higher price into the close. Interesting!
You know this is a good share as there are so few posts.