The momentum reported in July when SOLI issued record FY19 results has continued into FY20 with today’s update noting that profits in the first four months of the year are “significantly” ahead of expectations. There are a number of reasons for this, some of which cannot be expected to continue in H2. Nevertheless, the strength of the update leads to some meaty upgrades to forecasts this morning: ~15% to FY20 and ~10% to FY21. In our view, the shares trade at far too large a
03 Sep 2019
Trading significantly ahead
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Trading significantly ahead
Solid State plc (SOLI:LON) | 1,345 269 1.5% | Mkt Cap: 152.6m
- Published:
03 Sep 2019 -
Author:
WHIreland Research Team -
Pages:
4
The momentum reported in July when SOLI issued record FY19 results has continued into FY20 with today’s update noting that profits in the first four months of the year are “significantly” ahead of expectations. There are a number of reasons for this, some of which cannot be expected to continue in H2. Nevertheless, the strength of the update leads to some meaty upgrades to forecasts this morning: ~15% to FY20 and ~10% to FY21. In our view, the shares trade at far too large a