Electronics for specialist and harsh environments company Solid State (SOLI) has announced a “£7.3m Defence Contract with NATO”, with divisional MD Matthew Richards emphasising “it is pleasing to be announcing this award with such a significant client”. So what of the shares currently further up to 1270p?
Durable electronics company supplying commercial, industrial and military markets Solid State (SOLI) is “pleased to announce” results for its year ended 31st March 2021. The shares have though currently responded to 925p, 7.5% lower... so what’s the story?...
“Manufacturer of computing, power and communications products, and value added supplier of electronic components”, Solid State (SOLI) has updated including that it “expects to announce revenues and adjusted profits similar to the comparative period in the 2019/2020 financial year, which was itself a record first half performance for the group” and “currently anticipates an outcome to the 2020/21 financial year similar to the prior year”. The shares have responded to 585p, more than 6% lower...
Manufacturer of computing, power and communications products and value added distributor of electronic components, Solid State (SOLI) previously featured on this website in February with it concluded finnCap looking for full-year adjusted earnings per share of 41.5p, rising to 43.6p next year… suggest a now forward circa 15x earnings multiple for such growth. There remains potential to outperform forecasts, but also, as always, risks – and these with the shares up from sub 400p as recently as August. As such, the above together now see us opt to play it safe here and bank a 30%+, less than four months gain. Sell. Now a “Trading Update & COVID-19 Update”…
