focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Pin to quick picksSolid State Share News (SOLI)

Share Price Information for Solid State (SOLI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,485.00
Bid: 1,460.00
Ask: 1,510.00
Change: -25.00 (-1.66%)
Spread: 50.00 (3.425%)
Open: 1,470.00
High: 1,485.00
Low: 1,470.00
Prev. Close: 1,510.00
SOLI Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
30 Jan 2019 09:02

Solid State expects to 'comfortably exceed' market guidance

(Sharecast News) - Computing products manufacturer Solid State now expects results for the year ended 31 March to "comfortably exceed" the market consensus.

Read more
12 Dec 2018 17:10

Sapia Partners Sells Solid State Holding, GPIM Builds Its Own (ALLISS)

LONDON (Alliance News) - Electronics firm Solid State PLC on Tuesday said Sapia Partners LLP has sold its entire stake, while GPIM Ltd has built its own.On Monday last week, Sapia sold its

Read more
20 Nov 2018 12:02

Solid State Hikes Interim Dividend As Profit Rises, Order Book Expands

LONDON (Alliance News) - Rugged computer maker and electronics distributor Solid State PLC boosted its interim dividend Tuesday after profit and revenue both grew and the order book expanded the a

Read more
20 Nov 2018 09:49

Solid State's profits improve as order book grows

(Sharecast News) - Solid State, a manufacturer and specialist design-in distributor to the electronics industry, reported an increase in profits on Tuesday after sales grew and gross margins improved.

Read more
17 Oct 2018 11:27

Solid State on course to beat expectations amid 'record' order book

(Sharecast News) - Revenue growth and expectations that it would exceed the analyst consensus in the second half of the financial year boosted Solid State's shares on Wednesday morning.

Read more
17 Oct 2018 09:33

Solid State Confident To Exceed Market Expectations For Current Year

LONDON (Alliance News) - Solid State PLC said Wednesday it expects to beat market forecasts for its current financial year as its order book hits a "new record".Shares in the and

Read more
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.

Read more
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

Read more
30 Aug 2018 16:02

UK Shareholder Meetings Calendar - Next 7 Days

Friday 31 AugustHerencia ResourcesStagecoach GroupMonday 3 4 SmithMonks 5 6

Read more
3 Jul 2018 09:21

Solid State Profit Hit By Margin Pressures In Distribution Division

LONDON (Alliance News) - Computer and electronic products manufacturer Solid State PLC on Tuesday posted a reduced annual profit due to margin pressures in its value added distribution its year of

Read more
11 Jun 2018 10:40

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

Read more
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

Read more
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.

Read more
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

Read more
20 Jul 2016 09:29

Wednesday broker round-up

(ShareCast News) - Centrica: Berenberg reiterates buy with a target price of 230p. Rio Tinto: Deutsche Bank maintains buy with a 3160p target. IG Group: RBC reiterates sector perform with a 865p target. SSP: JP Morgan stays at overweight with a 358p target. Vodafone: Deutsche Bank reiterates buy

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.