Updates

Solid State

June 2019

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.

The shares shot ahead after Solid State said sales for the year ended 31 March were up 20% to £56m (+10% organic). Profits are said to be slightly ahead of the upgraded market consensus forecasts of £3.5m pretax profit (eps c.34.5p).In Manufacturing, progress in enhancing operating margins has continued and efficiencies in the Power business unit are being delivered as a result of investment in new equipment.Solid State also benefited from particularly strong Distribution sales in Q4. Pacer has bedded in well and a brand new facility in Weymouth began production in March.The order book at 31 March was £35.9m, which compares to this year’s expected sales of £68m. At this point in time, broke ...

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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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