Make your money go further for just 25p per day

Solid State (AIM:SOLI) broker note highlights the over reaction?

06/11/2015 · Solid State (SOLI) 

​A broker note on Solid State has issued a supportive commentary following the recent steep sell-off in the Group’s share price. While the ‘not so solid’ trading update that we commented on was very disappointing, the sell-off does seem to imply an overly pessimistic picture.

Broker Cantor Fitzgerald points out that c.40% fall in the share price since the trading update suggests that almost no sales will be achieved from the all-important Ministry of Justice (‘MoJ’) contract. The broker considers this outcome as extremely unlikely (as we also do) and sees the current level as a potentially very attractive entry point. Considering the large amount of money that has already been invested in this by the MoJ and others this…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Solid State

Fund raise | Excellent offering | Renewed focus

09/07/2024 · Company Insights

The founder’s return at a provider of vehicle tracking systems has brought renewed focus and improving…


Delightful results | What’s in the NAV? | Impressive growth

30/10/2023 · Company Insights

News covered in our free update here include results from a popular AIM quoted self-storage group,…


More Company Insights

Bonkers Bargains: another great update

18/07/2024 · Alumasc Group PLC

Chain cheers | Interest winner | Meaty first

17/07/2024 · Agronomics · Gateley · Renold · Team17

Big growth in human challenge trials

17/07/2024

Sign-up to our free email updates

SIGN UP