Solid State’s diversified platform gives a stable base for delivering another year of results at FY15’s record profit levels, despite delays in deliveries under a major contract with the UK Ministry of Justice (MoJ) for offender tagging. While this contract has not gone away, there is still no clarity on when deliveries will resume. We therefore reiterate our FY16 estimates and reinstate FY17 estimates assuming that MoJ deliveries resume post yearend FY17. This prudent approach gi
08 Feb 2016
Spotlight on FY17
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Solid State plc (SOLI:LON) | 1,345 0 0.0% | Mkt Cap: 152.6m
- Published:
08 Feb 2016 -
Author:
Anne Margaret Crow -
Pages:
5
Solid State’s diversified platform gives a stable base for delivering another year of results at FY15’s record profit levels, despite delays in deliveries under a major contract with the UK Ministry of Justice (MoJ) for offender tagging. While this contract has not gone away, there is still no clarity on when deliveries will resume. We therefore reiterate our FY16 estimates and reinstate FY17 estimates assuming that MoJ deliveries resume post yearend FY17. This prudent approach gi