Updates

Solid State - Stronger H2 in sight; orders +38% yoy

January 2018

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.

Although established in 1971, it’s only in the last year that Redditch-based Solid State’s CEO Gary Marsh seems to have had a rush of blood to the head and laid out his strategy of doubling sales and profits within five years. The first H1 period within this saw it make inroads in terms of sales but there was a slight profit miss. Overall, sales grew by 12% to £22.4m but pretax profit was down 20% to £1.6m for eps of 16.1p.It’s therefore easy to imagine that Solid State has stumbled in the first furlong but having met Marsh again last month, I am happy to give him the benefit of the doubt especially as the picture looks better for H2 for three reasons. First, Manufacturing sales were ...

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Future

Solid State (November 2023)

Solid State - Strong growth markets in battery and power technology (June 2023)

Solid State - Two large NATO contract wins (December 2022)

Solid State (May 2022)

Solid State (January 2022)

Solid State (November 2021)

Solid State - Set fair to hit 60p eps next year (August 2021)

Solid State (August 2020)

Solid State (January 2020)

Solid State (October 2019)

Solid State (June 2019)

Solid State - Eps forecasts upgraded by 26% (3rd upgrade since October) (March 2019)

Solid State (December 2018)

Solid State (August 2018)

Solid State (May 2018)

Solid State - Strategy to double in size in 5 years (August 2017)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X