Solid State Share Price (SOLI)

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"