Solid State Share Discussion Threads

[electronica] 26/4/2012 08:10

wjcc

Take a look at the last few RNSs. You will see that there was a chunky military battery pack order due for delivery in the Half just ended. I assume that the answer to your question lies there.

[wjccghcc] 26/4/2012 07:58

Although the order book is 10% lower than last reported. Is it usually seasonal?

[yoyoy] 26/4/2012 07:21

An excellent update.

[electronica] 26/4/2012 07:09

You couldn't wish for a better statement.

Profits ahead of expectations & a v strong hint of a chunky divi increase.

SSP should be on a market cap of at least £20m following its historic earnings of £1.6m & its growth dynamics & yield. That's an share price of 325p+!

Will we get there around the time of the results in mid June?

[skyship] 06/3/2012 08:43

CEOHunter - thnx for that...

[ceohunter] 05/3/2012 18:54

Solid State's (LON:SSP) range of rugged computers, specialist electronic components and battery power solutions may not seem a recipe for success in straitened times, but its share price says different.

[cambium] 06/2/2012 10:31

SOLID STATE PLC (SSP.LN), an electronic components manufacturer, said its full-year earnings are likely to be ahead of previous expectations after strong margin improvement in the second half.

The company added that the integration of Blazepoint, which it bought for GBP200,000 in October, is progressing well and is expected to have an impact on its full-year results.

[cambium] 06/2/2012 10:30

Onward and upward here we go

[shammytime] 06/2/2012 07:57

Key statement

"...trading in the year ending 31 March 2012 has continued to be very satisfactory and the result for the year is now expected to be ahead of current market expectations...the sales mix has shifted in the second half in favour of higher margin product."

[shammytime] 06/2/2012 07:28

Fully agree Electronica

Excellent update indeed. I'd expect a fair bit of demand for these in the coming days ;-)

[electronica] 06/2/2012 07:20

Could not ask for a better IMS.

200p by the end of the year looks ailed on. SSP is hard to buy & it's been a real struggle to accumulate 15k over a year without driving the price against myself - but it's already been well worth it & there's loads more to come.

[shammytime] 03/2/2012 11:40

Online limits changed again

Bid Price GBX 127.5
Offer Price GBX 132
Maximum Size* 150

You can only buy 150 shares online but can sell 10,000. Something brewing...

[shammytime] 03/2/2012 11:23

This from the Small Cap Wrap website from end of December.

Solid State (LON:SSP)
Solid State, the supplier of battery power solutions, specialist electronic components and industrial ruggedized computers to the electronics market, this week announced its interim results for the six months ended 30 September 2011. Revenues increased by 10 per cent. to £11.36m (2010: £10.30m) and profit before tax increased by 28 per cent. to £704,000 (2010: £550,000) reflecting the operational gearing in the business. The chairman reported that although the Company remains mindful of the general economic environment, it is confident in the Company's prospects, both for this year and beyond. This confidence is underpinned by its order book, which as at 30 November 2011 amounted to £11.6m, a record level, and is reflected in the Board's declaration of a 2.5p interim dividend (a 25 per cent increase on the interim dividend paid in 2010).

>> with the added draw of a potential take over, this has a huge way to go - 200p very quickly I'd suggest...

[shammytime] 03/2/2012 10:42

Few buys have trickled through. Tiny free float - looks ready to pop to 150p ;-)

[shammytime] 03/2/2012 09:43

Online limits

Buy 250!!!
Sell 10,000

Typical limits when a company is about to be taken over or restructered. Hold on to your hats, this is going to be a very interesting ride.

I would expect buy volume to pick up in the next few hours/sessions...

[shammytime] 03/2/2012 09:03

Rumours of T/O at 250p per share.

Interesting year ahead...

[electronica] 12/12/2011 17:06

A slightly more conservative eps forecast from Growth Company Investor, but the message is the same ........

[electronica] 12/12/2011 09:32

Excellent results & on track for 18p eps for the full year.

SSP yielding a safe & growing 6% at today's price. This will get rerated eventually so I'm adding with an expectation of close to a 100% gain (inc divis) within 18 months.

[electronica] 17/10/2011 19:07

145p target from WH Ireland looks very low to me - but I'll take it if we see it early in 2012 ...............

"Solid State (SSP) has bought Blazepoint, a supplier of ruggedised computers and hand held devices to the commercial and military markets, for 200,000 pounds. Blazepoint adapts commercial equipment by transforming products to work beyond its original specifications and will synergise with the firm's Solid Rugged Systems business. The deal is expected to be earnings enhancing in the year to March 2013. Broker W H Ireland views Solid State as a buy and has a price target of 145p. The shares rose 2.5p to 115p."

[electronica] 17/10/2011 07:44

yoyoy

I know Blazepoint pretty well & the deal looks good & cheap - don't see how it can go wrong really.

SSP should convert most (50%+) of the £819k of acquired assets into real balance sheet £s - so at a £200k cost most of the integration budget should be covered.

A great deal (60-70%) of last year's revenues ought to be forthcoming & continuing & the ptp from that will be pretty good after stripping out the duplicated management, overhead & premises costs etc. Cross selling looks to be a plus.

All-in-all I'm pretty happy.

[skyship] 17/10/2011 07:39

But they are right - bits do read like gibberish!!!

Anyway, the deal certainly looks like a good add-on at a very low price.

[yoyoy] 17/10/2011 07:26

Not a reflection on the acquisition but from a bit of googling ( otherwise known as research)

refershing honesty from:



"in fact, some bits will look like complete gibberish"

[yoyoy] 17/10/2011 07:23

Appears to be a bargain

[yoyoy] 17/10/2011 07:18

17 October 2011

Solid State plc

("Solid State" or the "Company")

Acquisition of the trade and assets of Blazepoint Ltd

Solid State plc (AIM:SSP), the AIM listed supplier of battery power solutions, specialist electronic components and industrial/ruggedized computers, is pleased to announce the acquisition of the trade and assets of Blazepoint Ltd (Blazepoint) from its administrators for a consideration of GBP200,000. The consideration will be satisfied in cash financed from the Company's existing resources.

Blazepoint is an established supplier of ruggedized computer and hand held devices to the commercial and military markets worldwide, including an innovative range of ruggedized peripheral products. Blazepoint has a reputation for adapting Commercial-Off-The-Shelf (COTS) equipment and Military-Off-The-Shelf (MOTS) equipment, by transforming products to work beyond the original manufacturer's specification. Blazepoint trades under the 'ndura rugged', 'Nautiz' and 'ALGIZ' brands. Further information on Blazepoint and its products can be found at www.blazepoint.co.uk.

Unaudited accounts for the 12 months ended 30 June 2011 for Blazepoint Ltd show turnover of GBP3.1m, pre tax profit of GBP25,000. At the date of acquisition the book value of the assets being acquired was GBP819,000. It is anticipated that the costs associated with integrating Blazepoint will have a modest impact on group performance in the current financial year however that the acquisition is expected to be earnings enhancing in the year ending 31 March 2013. The gross profit margin on product sales at Blazepoint is typically superior to the industry average and consequently is expected to underpin and enhance the Solid State group gross profit margin post full integration.

Commenting on the acquisition, Gary Marsh, Chief Executive of Solid State, said:

"We have known and competed against the Blazepoint business for many years. The unification of our two businesses under the brand 'Steatite Blazepoint' creates the UK market leader in ruggedized computers and handheld devices and substantially strengthens Solid State's presence in the transportation sector.

"Our strategy has been to acquire, integrate and develop underperforming businesses. We have demonstrated this most recently with the successful acquisition and turnaround of Rugged Systems Ltd. We consider Blazepoint to be a very similar opportunity with similar upside potential.

"It is our belief that the efficiencies that we can bring to bear on the Blazepoint business plus the additional cross selling opportunities will result in a significant increase in future profitability for Solid State."

For further information please contact:

[skyship] 12/10/2011 08:04

Personally I welcome a generous dividend policy.

Annoyed with myself for not buying back @ 108p the few I top-sliced 7-10days ago!