Solid State (SOLI)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

1,345.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 1,440.00
  • 52 Week Low: 1,025.00
  • Currency: UK Pounds
  • Shares Issued: 11.34m
  • Volume: 28,275
  • Market Cap: £152.56m

Solid State completes acquisition of LA-based Custom Power

By Josh White

Date: Monday 08 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Computing, power and communications value-added component supplier Solid State has completed the acquisition of Custom Power, it announced on Monday.
The AIM-traded firm said the Los Angeles-based Custom Power provides battery systems and energy solutions.

Under the previously-agreed terms, Solid State acquired the entire equity interest in Custom Power for a maximum consideration of $45m on a debt-free, cash-free and normalised working capital basis.

Initial cash consideration of $30m, less a non-refundable deposit of $1m already paid, was payable in cash on completion.

Deferred consideration of $10m would be payable in two equal tranches at six and 12 months after completion.

Further earn-out consideration of up to $5m, subject to a revenue performance target, would be payable in cash.

"We are delighted to have completed the transformational acquisition of Custom Power, which represents a step-change in our power business," said Solid State chief executive officer Gary Marsh.

"The newfound scale and increasingly international offering open up opportunities in specialist and growth markets driven by decarbonisation and the drive for cordless power.

"We look forward to integrating Custom Power and welcoming our new colleagues to the Solid State group."

At 1207 BST, shares in Solid State were down 0.21% at 1,122.6p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Solid State Market Data

Currency UK Pounds
Share Price 1,345.00p
Change Today 20.00p
% Change 1.51 %
52 Week High 1,440.00
52 Week Low 1,025.00
Volume 28,275
Shares Issued 11.34m
Market Cap £152.56m

Solid State Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.54% below the market average73.54% below the market average73.54% below the market average73.54% below the market average73.54% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Price Trend
78.86% above the market average78.86% above the market average78.86% above the market average78.86% above the market average78.86% above the market average
94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average
Income
44.26% below the market average44.26% below the market average44.26% below the market average44.26% below the market average44.26% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
75.90% above the market average75.90% above the market average75.90% above the market average75.90% above the market average75.90% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

Solid State Dividends

  Latest Previous
  Interim Final
Ex-Div 25-Jan-24 07-Sep-23
Paid 16-Feb-24 29-Sep-23
Amount 7.00p 13.50p

Trades for 28-Mar-2024

Time Volume / Share Price
16:36 141 @ 1,345.00p
16:36 141 @ 1,345.00p
16:08 1,847 @ 1,345.00p
16:07 1,260 @ 1,332.00p
16:07 1,260 @ 1,330.00p

Solid State Key Personnel

CEO Gary Marsh

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