SOLI has released a very upbeat H1 trading statement this morning noting that the full year outcome will be ahead of expectations. The Value Added Distribution business in particular is doing very well indeed (helped by the winning of the VPT franchise earlier this year and, to a degree, by favourable FX) whilst the open order book is at a record £29.6m, a 64% y-o-y increase and £6.6m ahead of the last reported figure as at 31 May. This should help to arrest negative sentiment towards the stock ....
18 Oct 2018
Positive trading update marks start of the recovery
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Positive trading update marks start of the recovery
Solid State plc (SOLI:LON) | 1,375 0 0.0% | Mkt Cap: 156.0m
- Published:
18 Oct 2018 -
Author:
WHIreland Research Team -
Pages:
4
SOLI has released a very upbeat H1 trading statement this morning noting that the full year outcome will be ahead of expectations. The Value Added Distribution business in particular is doing very well indeed (helped by the winning of the VPT franchise earlier this year and, to a degree, by favourable FX) whilst the open order book is at a record £29.6m, a 64% y-o-y increase and £6.6m ahead of the last reported figure as at 31 May. This should help to arrest negative sentiment towards the stock ....