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CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Solid State Wins US$26.2m Project CAIN Order
Solid State's Steatite arm has won a US$26.2m follow-on Project CAIN order, worth roughly an eighth of the group's annual revenue. The shares jumped at the open but have since given back much of the gain.
Solid State plc (LON: SOLI) said its Steatite arm has won a US$26.2m follow-on order for Project CAIN, and the shares jumped at the open before fading. The group, listed on AIM, the London Stock Exchange’s market for smaller companies, is a Redditch-based electronics business supplying computing, power and communications products to defence and industrial markets. It announced the contract by regulatory release at 7am today. Steatite supplies secure rugged communications systems.
The stock closed yesterday at 171p and opened at 188.4p. It has traded between 175.5p and 189.5p today and was at 177.234p at 09:35 London time, up 3.6%. The 52-week range is 132.94p to 212.78p.
The customer is described only as a UK Government end user, though the announcement’s headline names the Ministry of Defence. The order is priced in US dollars and is due for delivery in the first half of 2027. It includes MPU5 and Wave Relay products from Persistent Systems.
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By our calculation, at a GBP/USD rate of 1.3324 this morning, the order is worth about £19.7m. That is 12.8% of trailing revenue of £154.1m and about 20% of the company’s £97.4m market value at yesterday’s 171p close, which is large for a business of this size.
Solid State weekly share price in pence, with 50- and 200-day averages, to the Project CAIN order on 11 November 2026.
Chief executive John Macmichael framed it as support for targets already set rather than a change to them:
This order further underpins our existing guidance for FY26/27 and FY27/28 and gives us increased confidence as we look forward to 2027.
John Macmichael, chief executive of Solid State
No new guidance figures came with it. Analysts’ consensus, the average forecast, is for revenue of £156.8m in the year to March 2027, from three analysts, and the order equals about 12.5% of that by our calculation.
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At 177.234p, the shares sit just above the 50-day average of 172.33p and the 200-day of 173.86p, well below the 52-week high.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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