The group’s trading update points to a strong end to the year, exceeding recently upgraded forecasts. March saw some orders pulled forward as customers mitigated supply chain challenges evident (freight and logistics issues, semiconductor shortages). We therefore upgrade FY21 adjusted EPS by 7.6%, keeping FY22 unchanged. Our price target also increases, in line with the EPS upgrade from 950p to 1020p, offering good upside to the current FY22 P/E rating of 15.2x. This is an encouraging update, co ....
22 Apr 2021
Solid State - Year-end update – trading ahead of expectations
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Solid State - Year-end update – trading ahead of expectations
Solid State plc (SOLI:LON) | 1,345 0 0.0% | Mkt Cap: 152.6m
- Published:
22 Apr 2021 -
Author:
David Buxton -
Pages:
4
The group’s trading update points to a strong end to the year, exceeding recently upgraded forecasts. March saw some orders pulled forward as customers mitigated supply chain challenges evident (freight and logistics issues, semiconductor shortages). We therefore upgrade FY21 adjusted EPS by 7.6%, keeping FY22 unchanged. Our price target also increases, in line with the EPS upgrade from 950p to 1020p, offering good upside to the current FY22 P/E rating of 15.2x. This is an encouraging update, co ....