FY results were in line with revised expectations – 2H performance reflected the flagged project delays. Management has confirmed that trading is on track to achieve current year forecasts with an 11% increase in the order book, recent contract wins in robotic power units and a new distribution agreement with a US power supplies company providing some optimism. No changes to forecasts. The shares are trading on undemanding multiples versus peers and we maintain our existing 400p price target, wh ....
03 Jul 2018
Solid State - Full-year results; trading in line
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Solid State - Full-year results; trading in line
Solid State plc (SOLI:LON) | 1,355 0 0.0% | Mkt Cap: 153.7m
- Published:
03 Jul 2018 -
Author:
David Buxton -
Pages:
8
FY results were in line with revised expectations – 2H performance reflected the flagged project delays. Management has confirmed that trading is on track to achieve current year forecasts with an 11% increase in the order book, recent contract wins in robotic power units and a new distribution agreement with a US power supplies company providing some optimism. No changes to forecasts. The shares are trading on undemanding multiples versus peers and we maintain our existing 400p price target, wh ....