Updates

Solid State

January 2020

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 was a main buy in August 2017. At the time, I highlighted that CEO Gary Marsh’s plan was to “supplement organic growth with more acquisitions to double its size by 2022.” That was from a base of sales of £40m, pretax profit of £3.1m and eps of 32p in 2017.Now two years into his five year plan, up until this year’s interims it might seem like Marsh has been lollygagging in what had also been a soggy electronics market. He has, of course, completed two acquisitions (Pacer since the strategy was announced and Creasefield just before) and these interims show things are back on the original growth trajectory with the weakness of sterling - up until the election - helping. Sales were up 43% ...

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Ramsdens - Could exceed expectations

Billington - Profits ahead of expectations

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 (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 - Stronger H2 in sight; orders +38% yoy (January 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.

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