Seven Directors at Solid State bought 54,342 shares at between 117p and 135p. The significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ...
Solid State’s H125 results are in line with consensus expectations and management’s guidance for the full year is unchanged. While trading has been affected by contract timing, the underlying growth and margin strategy remains intact, supported by Solid State’s recent acquisitions and investment in a new manufacturing facility.
Solid State, a manufacturer and distributor of specialist electronic components and systems, has reported interims this morning for the period to 30 September 2024, in-line with previous guidance, illustrating a challenging period for the group, albeit with some tentative signs of improvement coming into H2. Revenues of £61.8m were down 29.9% against a strong comparator, largely reflecting the non-recurrence of one-off Defence orders in FY24A as well as a 14.6% decrease in Components division re...
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? Transferring markets: 8 November: Zentra Group plc (ZNT.L)* will delist from the Equity Transition Segment of the Main Market...
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Adams plc (ADA.L) has delisted from trading on AIM What’s baking in the oven? Transferring markets: 8 November: Zentra Group plc (ZNT.L)* will delist from th...
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: Greatland Gold (AIM:GGP) announced on 10 September 2024 that it had entered into a binding agreement with certain Newmont Corporation subsidiaries to acquire Newmont's 70% ow...
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Centamin Plc (CEY.L) has delisted from the main market of the London Stock Exchange. What’s baking in the oven? Transferring markets: 8 November: Zentra Grou...
A director at Cyanconnode Holdings maiden bought 500,000 shares at 9.9p and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
The delay of a major contract inevitably has an impact on short-term profitability. Solid State has a strong balance sheet and a growth strategy to develop into a higher value-added electronics components and systems business, as witnessed by the two recent small acquisitions. Post the current hiatus we expect this to drive growth and value creation.
Solid State is a specialist value added component supplier and design-in manufacturer of computer, power, and communications products. This morning the group has provided an update reporting delays to the conversion of certain defence orders that were previously anticipated to be received for delivery within FY25E. As flagged in the company’s recent interim trading update, FY25E expectations were premised on the delivery of these orders, which relate to communications equipment for the defence m...
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 31 October 2024: Winking Studios: the AAA Art Outsourcing and Game De...
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Live Company Group (LVCG.L) has delisted from the AIM market What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 31 October 20...
H1 FY25 revenue was impacted by a slowdown in deployments during the India elections but the company was still able to grow profits due to significantly reduced product costs. Subdued H1 revenue implies that a large jump in revenue is required in H2 FY25 to meet our expectations. The company remains confident in meeting revenue expectations since its backlog has risen over the period by 177% to £9.7m. Meeting H2 FY25 revenue estimates would lead to record Adjusted EBITDA and significantly positi...
Management’s strategy is to increase Solid State’s internal capabilities, enabling greater product differentiation and value added, particularly in the Systems business. This is expected to increase the addressable market and growth along with offering higher returns, key to the margin target of 12% (FY25 expectation c 8%). Achieving this through organic and inorganic means underpins management’s 20% CAGR target for shareholder returns.
Solid State is a specialist value added component supplier and design-in manufacturer of computing, power and communications products. This morning the group has provided an H1 trading update for the period ended 30 September 2024, reporting trading in-line with expectations for the full year, despite headwinds from continued destocking and election-related delays to Defence programmes. As previously flagged, while revenues in H1 25 were negatively affected by the accelerated delivery of orders ...
Solid State is a specialist value added component supplier and design-in manufacturer of computing, power and communications products. This morning the group has provided an H1 trading update for the period ended 30 September 2024, reporting trading in-line with expectations for the full year, despite headwinds from continued destocking and election-related delays to Defence programmes. As previously flagged, while revenues in H1 25 were negatively affected by the accelerated delivery of orders ...
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None Delistings on Friday 1 Nov. I3 Energy Plc (I3E.L) delisted from the AIM market. Boussard & Gavaudan Holding Limited (BGHL.L) delisted from the Main mark...
Solid State is a specialist value added component supplier and design-in manufacturer of computing, power and communications products. On Friday, the group announced the $2.0m acquisition of Q-Par Antennas, a US-based distributor of antenna systems, primarily supplying the US defence and security markets. Q-Par is an existing distributor of Solid State’s antenna products within the US, with sales of SOLI’s products having made up $1.6m of the company’s $2.0m sales in the year to 30 September 202...
28th October 2024 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Harland & Wolff Group Holdings plc (HARL.L) has delisted from AIM. What’s baking in the oven? ITF announced:*** Potential** Initial Public ...
22nd October 2024 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Cambria Africa (CMB.L) has left AIM. What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 30th September 2024...
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