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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: 1,490.00
Bid: 1,470.00
Ask: 1,510.00
Change: 5.00 (0.34%)
Spread: 40.00 (2.721%)
Open: 1,485.00
High: 1,490.00
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."

More News
3 Dec 2019 10:20

Solid State hikes interim dividend after profits soar

(Sharecast News) - Solid State boosted its half-year payout on Tuesday as it reported a surge in interim profit following a strong performance from its manufacturing segment.

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24 Oct 2019 13:01

Solid State sees record performance continue in first half

(Sharecast News) - Computing, power and communications products manufacturer Solid State updated the market on its trading for the six months ended 30 September on Thursday, reporting that the record performance it in the last financial year had continued in the first half of the current year.

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24 Oct 2019 11:47

Solid State Revenue And Profit Surges In First Half As Margins Improve

Solid State Revenue And Profit Surges In First Half As Margins Improve

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1 Oct 2019 17:41

Solid State Unit Secures USD3 Million US Rail Infrastructure Contract

Solid State Unit Secures USD3 Million US Rail Infrastructure Contract

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30 Sep 2019 09:26

Solid State wins $3m international rail contract

(Sharecast News) - Computing, power and communications products manufacturer Solid State has secured an international contract valued at $3m.

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3 Sep 2019 10:35

REPEAT: WINNERS & LOSERS SUMMARY: Restaurant Group Down After Loss

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Ferguson, up a

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3 Sep 2019 10:34

WINNERS & LOSERS SUMMARY: Restaurant Group Down After Swinging To Loss

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 1.9%. The plumbing and heating products supplier

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3 Sep 2019 09:56

Solid State Shares Rise As Annual Profit Set To Beat Expectations

(Alliance News) - Shares rose in Solid State PLC on Tuesday, after it said that a strong start to its financial year has fostered confidence that profit for the year will be ahead of in the and at

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3 Sep 2019 08:43

Solid State confident of FY results being 'significantly ahead' of expectations

(Sharecast News) - Electronics supplier Solid State said it was "confident" that full-year profits would be "significantly ahead" of expectations following a "strong start to the year".

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2 Jul 2019 11:04

Solid State Profit Rises On Value Added Distribution Unit Success

(Alliance News) - Solid State PLC on Tuesday said its pretax profit rose in its most recent year thanks to strong organic growth from its Value Added Distribution division and its acquisition of a

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27 Jun 2019 16:47

Solid State Appoints Former 600 Group CEO To Board; Chair To Depart

(Alliance News) - Solid State PLC on Thursday said it has appointed former 600 Group PLC Chief Executive Nigel Rogers to its board and announced the upcoming departure of its chair.Shares a

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26 Jun 2019 13:24

Solid State secures semiconductor franchise extension

(Sharecast News) - Solid State on Wednesday won a franchise extension with Microchip Technology in its value added distribution division, Solid State Supplies.

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30 Apr 2019 13:06

Solid State To Report Full-Year Results Ahead Of Market Expectations

LONDON (Alliance News) - Solid State PLC on Tuesday said it expects its annual results to be ahead of market expectations in its most recently ended financial year.The manufacturer of said

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4 Mar 2019 15:33

Solid State Non-Executive Director John Lavery To Resign In August

LONDON (Alliance News) - Solid State PLC on Monday said that Non-Executive Director John Lavery intends to resign from the company's board at the end of August 2019.Chair Tony Frere has

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30 Jan 2019 09:40

Solid State Shares Rise As Results Expected To Beat Expectations

LONDON (Alliance News) - Solid State PLC on Wednesday said it expects annual results to come in "comfortably" ahead of market consensus.Shares in the computing power and product A

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