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Pin to quick picksSolid State Share News (SOLI)

Share Price Information for Solid State (SOLI)

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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
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TRADING UPDATES: Alliance Pharma to appeal; Braemar sales to rise

Thu, 03rd Feb 2022 22:31

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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EnQuest PLC - oil and gas production company that operates in UK North Sea and Malaysia - Says average output in 2021 falls to 44,415 barrels of oil equivalent per day, from 59,116 in 2020. For 2022, it expects average output between 44,000 and 51,000 boepd.

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SEEEN PLC - London-based media optimisation platform - Expects 2021 revenue down at USD8.5 million from USD10.1 million in 2020 and adjusted loss before interest, tax, depreciation and amortisation narrows to USD1.5 million from USD2.1 million. Looking ahead, points to revenue and profitability generation potential as contracts are implemented in 2022.

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Braemar Shipping Services PLC - London-based shipbroker - Expects revenue of no less than GBP101 million for year to February 28, at least up 20% from GBP84 million a year earlier. "The strong trading seen in the first half of the financial year has continued throughout the second half to date," it says.

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Creo Medical Group PLC - medical device company focused on surgical endoscopy - During 2021 says it has continued to build momentum through sustained commercial progress. Expects revenue for 2021 to top expectations at "just over" GBP25 million from GBP9.4 million in 2020.

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Proteome Sciences PLC - drug development services provider - During 2021 says it continued to show strong growth in its services business with TMT revenue holding firm. Expects annual revenue to rise 7% to GBP5.1 million from GBP4.8 million in 2020 and trading profit in a range between GBP600,000 to GBP800,000, up from GBP500,000 year before.

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Agronomics Ltd - invests in cellular agriculture and cultivated meat - Net asset value per share as at 31 December 31 was 14.32 pence, up 10% from 12.99p on September 30. For six months to December 31, swings to net profit of GBP2.5 million from loss of GBP1.4 million.

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Solid State PLC - Redditch, England-based electronic components manufacturer - Says its manufacturing arm Steatite Ltd has been awarded a "multi-million pound" contract by BAE Systems PLC to design, develop and qualify computer consoles for maritime platforms.

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Itaconix PLC - London-based functional polymers company - Has filed a new patent to protect innovative intellectual property for expected applications in potential uses in composite materials for plant-based ingredients. Explains extension of the Itaconix technology platform is part of its efforts to engage with potential customers to identify sizeable needs that Itaconix can address with plant-based solutions.

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Afentra PLC - upstream operator in Africa with carried interest in Odewayne block onshore southwestern Somaliland - Says the negotiations with Sonangol EP to purchase interests in Block 3/05 and Block 23 in Angola have continued into the new year. Afentra has been engaged in negotiations with Sonangol to reach agreement on the detailed terms of the transaction. Says negotiations are ongoing but there is no guarantee at this stage that an agreement will be reached. If Afentra ultimately proceeds with theacquisition, it would be classified as a reverse takeover. Trading in Afentra shares will remain suspended until either the publication of an AIM admission document, or until confirmation is given that Afentra's participation in the bid process has ceased.

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Cizzle Biotechnology Holdings PLC - UK-based diagnostics developer - Signs full agreement for development of lung cancer tests in China with the International Co-Innovation Centre for Advanced Medical Technology and the Shenzhen Intelliphecy Life Technologies Co Ltd.

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Edenville Energy PLC - developer of Tanzania's Brownfield Rukwa coalfields - Its subsidiary has entered into a contract with Nextgen Coalmine Ltd for the operation of the company's Rukwa Coal project in Tanzania. The agreement is for an initial period of one year started on Tuesday. Under the agreement the contractor will pay Edenville a royalty of USD10 per tonne of washed coal sold and a royalty of USD5 per tonne of any coal fines sold.

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Applied Graphene Materials PLC - graphene materials maker with headquarters in Redcar, Cleveland - Says Stanvac-Superon Group, the India-based manufacturer of industrial repair and maintenance solutions, has introduced a speciality conductive coating incorporating the company's Genable dispersed graphene materials, for use on industrial power transmission equipment. Stanvac-Superon expects the product to be used for power transmission, electrical distribution, and railways, as well as other high energy consumers such as steel mills, smelters, and refineries.

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Alliance Pharma PLC - Chippenham, Wiltshire-based distributor of consumer healthcare brands and prescription medicines - Following an investigation, the UK Competition & Markets Authority has announced its finding that all four companies, including Alliance, have infringed competition law. Alliance says it "fundamentally disagrees" with the CMA's finding and confirms that it did not participate in, or profit from, any market sharing arrangement and refutes involvement in the alleged competition law infringement. Alliance says it will appeal the CMA's decision and the proposed fine of GBP7.9 million, at the Competition Appeal Tribunal.

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Invinity Energy Systems PLC - London-based flow battery maker - Sells a 8.4 megawatt hour Invinity VS3 flow battery to Elemental Energy Inc for a utility-scale energy project in Alberta, Canada. This is the company's largest sale in the North American market to date, it notes.

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4GLOBAL PLC - UK-based data, services and software company - Says it has entered into a partnership agreement with the Fitness Industry Council of Canada. Under the agreement FIC will work with 4GLOBAL to develop 'DataHub Canada' utilising its extensive network of 6,000 facilities with over six million members across the country. Says partnership will significantly increase the global capacity of the company's DataHub which is currently in excess of 1.2 billion of data points of how sport is consumed in UK, Europe and other international markets in South America and Middle East.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
4 Apr 2023 12:18

IN BRIEF: Solid State eyes annual results to be in line with consensus

Solid State PLC - Redditch, England-based supplier & design-in manufacturer of computing, power, and communications products - Reports continued strong trading in the second half of the year ended on March 31, in line with consensus expectations. Expects to record revenue for financial 2023 of about GBP125 million, up 47% from GBP85 million the year before. This is compared to consensus expectations of GBP120.3 million. Says organic revenue growth on a constant currency basis is expected to be close to 20%. Expects to deliver record adjusted pretax profit of at least GBP10.5 million, up more than 46% from GBP7.2 million a year before. Consensus also stands at GBP10.5 million.

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4 Apr 2023 10:20

Solid State sees continued 'strong trading' in H2

(Sharecast News) - Value-added component supplier Solid State said on Tuesday that it had seen "continued strong trading" in the second half of the year, resulting in a performance that it expects will be in line with consensus expectations.

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6 Dec 2022 16:21

Solid State revenue, profits rise in first half

(Sharecast News) - Computing, power and communications components specialist Solid State reported first-half revenue of £59.4m on Tuesday, up from £39.4m year-on-year.

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6 Dec 2022 14:23

Solid State to beat full year expectations as half year profit jumps

(Alliance News) - Solid State PLC on Tuesday said it is confident in exceeding full year expectations for financial 2023 as its profit increased in the first half of its year.

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22 Nov 2022 16:23

IN BRIEF: Solid State wins GBP9.8 million defence contract with Nato

Solid State PLC - Redditch-based supplier and design-in manufacturer of computing, power, and communications products - Signs GBP9.8 million follow-on defence contract with Nato Support & Procurement Agency to supply communications equipment to a defence customer through its Systems division. Expects revenue from contract to contribute to market expectations for financial year 2024.

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14 Nov 2022 15:43

Solid State wins GBP7.3 million defence contract with Nato

(Alliance News) - Solid State PLC on Monday said it has been awarded a GBP7.3 million contract by the Nato Support & Procurement Agency to supply communications equipment to a defence customer through its Systems division.

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26 Oct 2022 14:35

TRADING UPDATES: Solid State expects to top annual expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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7 Sep 2022 14:38

IN BRIEF: Solid State expects full-year in line with analyst consensus

Solid State PLC - Worcestershire, England-based computing products manufacturer - Says it is "very pleased" with the initial performance of Custom Power LLC, a Los Angeles-based battery systems manufacturer, in its first month of trading following the completion its acquisition in August. At August 31, Custom Power's order book stands at GBP16.8 million, taking the firm's total order book to GBP106.8 million. This strong order intake converts to a "record start" to billings for the financial year ending March 31, 2023.

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8 Aug 2022 13:21

Solid State completes acquisition of LA-based Custom Power

(Sharecast News) - Computing, power and communications value-added component supplier Solid State has completed the acquisition of Custom Power, it announced on Monday.

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8 Aug 2022 13:21

Solid State completes acquisition of LA-based Custom Power

(Sharecast News) - Computing, power and communications value-added component supplier Solid State has completed the acquisition of Custom Power, it announced on Monday.

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8 Aug 2022 11:19

IN BRIEF: Solid State completes Custom Power acquisition

Solid State PLC - Worcestershire, England-based computing products manufacturer - Completes the acquisition of Custom Power LLC, a Los Angeles-based battery systems manufacturer.

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27 Jul 2022 12:01

EARNINGS UPDATES: Yourgene posts record revenue; Solid State payout up

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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13 Jul 2022 10:48

IN BRIEF: Solid State raises GBP26 million in oversubscribed placing

Solid State PLC - Worcestershire-based computing products manufacturer - Raises roughly GBP26.3 million in a placing of 2.6 million shares at 1,025 pence each. The placing was oversubscribed with WH Ireland Group PLC and finnCap Group PLC acting as joint brokers.

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12 Jul 2022 18:07

Solid State to acquire battery manufacturer for USD45 million

(Alliance News) - Solid State PLC said on Tuesday it entered a conditional agreement to acquire Los Angeles-based battery systems manufacturer Custom Power LLC for a maximum of USD45.0 million.

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20 Jun 2022 10:04

Solid State to deliver CCTV system for London Tube's Piccadilly Line

(Alliance News) - Solid State PLC on Monday said it has won a contract with Transport for London, to deliver a new one person operation CCTV system on the Piccadilly line with the London Underground train network.

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