Solid State plc (AIM: SOLI) is a high value-add manufacturer and specialist design-in distributor to the electronics industry. It has particular expertise in specialist industrial/ruggedized computers, electronic components, antennas, microwave systems, secure communications systems and battery power solutions.

Serving industries with demands for complex, performance-critical products, the Solid State trading brands have become recognised industry leaders through consistently delivering product quality, high service standards and comprehensive technical support.

Solid State PLC has two principal trading companies in the UK; Solid State Supplies LTD and Steatite LTD. In addition we market our products through industry leading brands ndura RUGGED® and RZ Pressure.

Through an in depth knowledge of the markets we serve and the technology available, Solid State is an established supplier to clients with exacting standards in the aerospace, environmental, government, industrial, medical, oil & gas and transportation markets.

The securities of Solid State plc are ONLY traded on the Alternative Investment Market (AIM).


http://www.solidstateplc.com/

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Solid State's chairman sells shares to meet demand from shareholders

Fri, 17 July 2015


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Solid State's chairman sells shares to meet demand from shareholders



Solid State Quote more






Price: 825.00

Chg: 18.50

Chg %: 2.29%

Date: 16:55



(ShareCast News) - The chairman of Solid State sold £0.37m worth in shares in the company to meet further institutional demand following upbeat full-year results.
Anthony Frere sold 47,996 shares for an individual price of 775p, bringing home a total of £371,969.

Following the transaction, Frere holds 8,004 shares in the electronics provider.

The group said on Wednesday there has been significant demand for shares, both from new and existing institutional shareholders, since the release of its full-year results the week before.

The company posted an increase in pre-tax profit by 40% to £3m and turnover up 14% to £36.56m.

Chief executive Gary Marsh said at the time: "Following a similar exercise last November, we are once again delighted to be attracting interest from new institutional shareholders and to have the opportunity to satisfy that demand and thereby continue to increase the free market capital of the company."

IC - The real catalyst for further upside is a major prisoner tagging contract with the ministry of justice. The £34 m agreement was inked last July , after over-charging by G4S and Serco led to the government barring the outsourcers from the tagging contract.

We’re hunting for bargains in what many consider the more boring end of AIM – solid, well-established profitable businesses, that have consistently delivered excellent returns over the long term.

The Group’s Steatite business was awarded a contract by the Ministry of Justice for the supply and maintenance of offender tagging technology. The contract is progressing with expectations for a strong performance in the second half of the year.

Read more about Solid State and our hunt for bargains at http://tinyurl.com/osaj5k7

Ex dividend 03 Sep 2015 Solid State Plc Ord 5p (8 P)