Primary Recommendations

Solid State - Set fair to hit 60p eps next year

August 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Solid State is a manufacturer of industrial/ruggedised computers, antennas, microwave systems, secure communications systems and battery power solutions and a value added supplier of electronic components. I first featured the shares in August 2017 at 477p when I highlighted chief executive Gary Marsh’s plan to double eps from 30p to 60p by FY22 via his “buy and build” strategy. The initial burden of that expectation proved too great as acquisitions were thin on the ground but recently Marsh has made up for lost time and completed two deals in March (just two weeks apart), increasing Solid State’s portfolio of own brand products as well as international revenues. Confidence in hitting 60p eps this year ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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