Solid State has acquired Creasefield for a maximum consideration of £1.5m. The transaction strengthens Solid State’s existing battery operation. We revise our FY17 revenue estimates, while leaving our profit estimates and indicative valuation of 505p/share unchanged.
01 Jun 2016
Expansion of batteries activity
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Expansion of batteries activity
Solid State plc (SOLI:LON) | 1,345 269 1.5% | Mkt Cap: 152.6m
- Published:
01 Jun 2016 -
Author:
Anne Margaret Crow -
Pages:
3
Solid State has acquired Creasefield for a maximum consideration of £1.5m. The transaction strengthens Solid State’s existing battery operation. We revise our FY17 revenue estimates, while leaving our profit estimates and indicative valuation of 505p/share unchanged.