The group has made its second acquisition this week, announcing the acquisition of the Willow Technologies Group for an initial effective consideration of £5.5m. It is a good strategic fit, offering a springboard into the US and enhancing the group’s existing product offering, with good exposure to growth markets. We maintain our FY21 forecasts, with a full contribution in FY22 enhancing EPS by 9.4% to 55.2p. We likewise raise our PT by 9.4% to 950p, pointing to a fair value of 17.2x, attractive ....
03 Mar 2021
Solid State - Acquisition of Willow and AEC: 9.4% EPS enhancing
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Solid State - Acquisition of Willow and AEC: 9.4% EPS enhancing
Solid State plc (SOLI:LON) | 1,345 0 0.0% | Mkt Cap: 152.6m
- Published:
03 Mar 2021 -
Author:
David Buxton -
Pages:
4
The group has made its second acquisition this week, announcing the acquisition of the Willow Technologies Group for an initial effective consideration of £5.5m. It is a good strategic fit, offering a springboard into the US and enhancing the group’s existing product offering, with good exposure to growth markets. We maintain our FY21 forecasts, with a full contribution in FY22 enhancing EPS by 9.4% to 55.2p. We likewise raise our PT by 9.4% to 950p, pointing to a fair value of 17.2x, attractive ....