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Pin to quick picksSolid State Share News (SOLI)

Share Price Information for Solid State (SOLI)

London Stock Exchange
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Share Price: 1,480.00
Bid: 1,460.00
Ask: 1,500.00
Change: -30.00 (-1.99%)
Spread: 40.00 (2.74%)
Open: 1,470.00
High: 1,480.00
Low: 1,470.00
Prev. Close: 1,510.00
SOLI Live PriceLast checked at -

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AIM WINNERS & LOSERS: Solid State and Churchill China get profit rises

Thu, 21st Apr 2022 11:17

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Solid State PLC, up 14% at 1,153 pence, 12-month range 1,419p-830.4p. Expects to report record results for financial year ended March 31, with revenue at around GBP85 million, up from GBP66.3 million the year before, and adjusted pretax profit of GBP7.2 million versus GBP5.4 million. Says it had "exceptionally" strong finish to year. "The record open order book and trading momentum underpin the near-term prospects and give the directors optimism for the future," the electronic components manufacturer says.

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Churchill China PLC, up 13% at 1,579p, 12-month range 1,300p-2,050p. The ceramic products maker's revenue for 2021 jumps to GB60.8 million from GBP36.4 million in 2020, while pretax profit rises to GBP6.0 million from just GBP91,000. "The second half of 2021 saw a strong recovery in our sales to the Hospitality market such that the full-year results are ahead of our expectations," says Chair Alan McWalter.

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GB Group PLC, up 9.4% at 624p, 12-month range 498.8p-984p. The digital identity and fraud prevention software firm says results for financial year to March 31 were ahead of market expectations. Expects to report revenue for year of GBP242 million with adjusted operating profit margin at upper end of expectations, of around 24%. This will result in adjusted operating profit not less than GBP58 million.

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AIM - LOSERS

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Gear4music Holdings PLC, down 28% at 260p, 12-month range 254.4p-1,020p. The online musical instruments and equipment retailer reports total sales of GBP147.6 million in year that ended March 31, down from GBP157.5 million a year before but above the GBP120.3 million generated in the pre-pandemic 2020 financial year. Says revenue and earnings before interest, tax, depreciation and amortisation "slightly lower" than consensus expectations due to weaker than expected consumer demand during February and March. It adds: "Short term inflation-linked overhead cost pressures and weaker consumer confidence across the broader retail landscape will mean the best opportunities for stronger growth during FY23 are likely to be in H2. We are, accordingly, moderating our overall growth expectations for the new financial year, which we believe is the prudent approach in the current environment."

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Jangada Mines PLC, down 27% at 7.49p, 12-month range 4.91p-10.80p. Announces updated technical report with the inclusion of a titanium component at its 100%-owned Pitombeiras Vanadium Titano-Magnetite project in Brazil. Reports "robust economics" inclusive of titanium dioxide, saying project has USD96.5 million post-tax net present value. In the preliminary economic assessment published in February 2021, the project had USD106.5 million post-tax net present value.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Solid State's profits improve as order book grows

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Solid State Confident To Exceed Market Expectations For Current Year

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12 Sep 2018 12:59

Solid State secures $2.3m supply agreement with UK defence company

(Sharecast News) - AIM-listed Solid State said on Wednesday that its distribution division, Solid State Supplies, has been awarded a $3.2m long-term supply agreement with the UK's "leading" international defence, aerospace and security company.

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6 Sep 2018 12:24

Solid State Outlook Confident Following Positive Start To Year

LONDON (Alliance News) - Solid State PLC on Thursday expressed confidence for its prospects following a positive start to its current financial year.Prior to its annual general meeting, the

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3 Jul 2018 09:21

Solid State Profit Hit By Margin Pressures In Distribution Division

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Solid State Signs Contracts To Supply Power Units For Robots

LONDON (Alliance News) - Solid State PLC said Monday it received new orders to supply power units for autonomous robots operating in cold climate conditions worth a total GBP4.3 rose 7.2% on the a

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22 Nov 2016 09:09

Solid State reports drop in first-half revenues, cites Brexit impact

(ShareCast News) - Solid State saw its topline shrink in the first half of its financial year, with management saying that the uncertainty following Brexit impacted on clients´ buying patterns. "While the broader economy continues to encourage prudence in clients' buying patterns following the resul

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20 Oct 2016 11:36

Solid State sees improved H1 results, consistent with FY market expectations

(ShareCast News) - Solid State expects its first-half results will be an improvement on a year ago, and consistent with market expectations for the year as a whole. It further expected a strong, debt-free balance sheet. Solid State had an order backlog at 30 September of £14.8m. This comprised £12.

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14 Sep 2016 08:37

Wednesday broker round-up

(ShareCast News) - Relx: Berenberg reiterates buy with a target price of 1600p. Standard Life: Deutsche Bank reiterates buy, 325p target. Arrow Globalik: Jefferies keeps at buy with a 359p target. Ocado: Exane BNP Paribas downgrades to underperform with a 215p target. SafeCharge: Berenberg stays

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20 Jul 2016 09:29

Wednesday broker round-up

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