Solid State

LN: SOLI

£66.6m market cap

760p last close

Solid State is a high value-add manufacturer and specialist design-in distributor to the electronics industry. It has expertise in industrial/ruggedised computers, antennas, microwave systems, secure communications systems and battery-power solutions.

Investment summary

Solid State has acquired Active Silicon, which designs and manufactures imaging and embedded vision systems that support the capture, processing and transmission of image data in high performance and critical environments. The initial consideration payable is £2.7m cash (net), financed from existing resources. Broker consensus FY22 EPS has been raised by 5% to reflect the earnings enhancement in the first full year.

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Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual 21.9 22.8 51.5
Relative* 19.0 18.0 49.3
52-week high/low 788.0p/245.0p
*% relative to local index
Key management
Gary Marsh CEO
Peter James CFO

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