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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: 1,505.00
Bid: 1,490.00
Ask: 1,520.00
Change: 20.00 (1.35%)
Spread: 30.00 (2.013%)
Open: 1,485.00
High: 1,505.00
Low: 1,485.00
Prev. Close: 1,485.00
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Sunday share tips: Solid State, Cordiant Digital

Sun, 09th Jul 2023 23:45

(Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of electronics manufacturer Solid State to its readers.

"Solid State shares have risen over the years but, at £12.60, there is plenty of room for further rewards.

"[Chief executive officer and finance director] [Gary] Marsh and [Peter] James are a strong team, the business is well regarded and the push overseas is already delivering results. Buy."

Marsh and James's stated aim was to deliver shareholder returns in excess of 20% each year until 2030.

Worth noting, a prior goal, set in 2018, to double group earnings over five years was surpassed in 2022.

Just last week they got off to an auspicious start, reporting record results for the year ending on 31 March as sales jumped by 48% and profits by half.

And while the duo was "extremely fussy" when it comes to potential deals, they were eyeing up some interesting purchases.

Last summer, Solid State bought US-based Custom Power, in a bid to reap the rewards from the Biden administration's Inflation Reduction Act and the drive towards renewable energies and electric vehicles.

The Sunday Times's Lucy Tobin recommended shares of digital infrastructure fund Cordiant Digital.

She noted how the shares had been dumped amid the rise in interest rates during the past year, pushing their value 25% below that of its portfolio.

Yet few would deny the importance of its assets, including telecoms towers, data centres and fibre networks, she argued.

Furthermore, the company's portfolio companies had delivered 8% growth in revenues for the year to April and announced a 4.0p dividend payout, three years ahead of schedule.

"The racing pace of tech development brings risks as well as benefits to Cordiant. It would be hammered if fibre networks become outmoded or regulators set out price controls on digital infrastructure," she said.

"The opportunities, though, are vast: as tech adoption swells, AI penetration kicks in and autonomous vehicles roll out, data transfer will grow. Plug into Cordiant Digital."

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6 Jul 2021 16:07

UK earnings, trading statements calendar - next 7 days

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17 May 2021 11:27

IN BRIEF: Solid State wins three-year USD4.6 million defence contract

IN BRIEF: Solid State wins three-year USD4.6 million defence contract

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17 May 2021 08:46

Solid State inks three-year contract extension with defence technology customer

(Sharecast News) - Electronic component manufacturer Solid State's value-added supplies division has secured a three-year contract renewal with an unnamed "global defence technology customer" to supply components for its defence aerospace programme.

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22 Apr 2021 18:48

TRADING UPDATES: Solid State ends year strongly; Deltex loss widens

TRADING UPDATES: Solid State ends year strongly; Deltex loss widens

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22 Apr 2021 10:47

Solid State expects FY results to beat recently upgraded consensus forecasts

(Sharecast News) - Manufacturer Solid State said on Thursday that it expects to announce full-year results ahead of recently upgraded consensus forecasts after the final month of its trading year benefitted from demand being pulled forward and a "strong contribution" from the two businesses acquired by the group at the end of February.

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22 Mar 2021 15:09

DIRECTOR DEALINGS: Aviva chief risk officer and new Cenkos chair buy

DIRECTOR DEALINGS: Aviva chief risk officer and new Cenkos chair buy

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3 Mar 2021 20:16

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1 Mar 2021 15:34

TRADING UPDATES: 1Spatial expects full-year results ahead of forecasts

TRADING UPDATES: 1Spatial expects full-year results ahead of forecasts

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22 Feb 2021 11:34

TRADING UPDATES: OnTheMarket And Solid State Lift Profit Outlook

TRADING UPDATES: OnTheMarket And Solid State Lift Profit Outlook

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22 Feb 2021 08:29

Solid State trading remains 'robust', FY profits expected to beat forecasts

(Sharecast News) - Computing and power products manufacturer Solid State said on Monday that trading since the half-year had continued to be "robust", with revenues expected to be broadly in line with forecasts and profits anticipated to be ahead of consensus estimates.

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5 Jan 2021 16:29

IN BRIEF: Solid State Says Steatite Secures GBP2.2 Million Contract

IN BRIEF: Solid State Says Steatite Secures GBP2.2 Million Contract

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5 Jan 2021 08:45

Solid State secures £2.2m computer supply contract

(Sharecast News) - Computing, power and communications products manufacturer Solid State said on Tuesday that its manufacturing division, Steatite, had secured a contract valued at £2.2m to supply more than 1,000 computer systems.

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8 Dec 2020 13:14

UK EARNINGS SUMMARY: Numis Profit Grows On "Excellent" Performance

UK EARNINGS SUMMARY: Numis Profit Grows On "Excellent" Performance

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8 Dec 2020 11:50

Solid State posts 'comparable' first half profits

(Sharecast News) - Computing and electronics manufacturer Solid State reported revenues and profits in its first half that were "comparable" to the record prior period on Tuesday, in spite of the impact of Covid-19.

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18 Nov 2020 15:42

UK EXECUTIVE CHANGE SUMMARY: InnovaDerma Hires Blake Hughes As New CEO

UK EXECUTIVE CHANGE SUMMARY: InnovaDerma Hires Blake Hughes As New CEO

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