Solid State Share Discussion Threads

[puku] 14/1/2005 12:30

moving up a bit each day - thats the way i like them.

[puku] 12/1/2005 12:28

yes spookies, another tick up today. I think we are ahead of the rest here. I bought this about same time as TT Electronics on basis that semi conductors etc markets were getting better. TTH has gone up very nicely happy to wait for this one to foloow.

[spookies] 10/1/2005 20:17

Just me and you on here then puku. Another .2 percent bought today, nice to see the buyback having an effect on the shareprice.

[puku] 10/1/2005 12:50

nice jump in price - about time imho

[puku] 24/12/2004 11:46

excellent interim, continues the trend of improving each half year. price doesnt reflect the prospects - yet.

[spookies] 23/12/2004 16:56

0.8 of the company's shares bought back today and not any movement in the share price. Wonder if any more will be bought.
I guess this share is off most peoples radar.

[puku] 29/11/2004 11:05

interim results due soon, been very quiet, a good interim will see it move up sharply IMHO

[puku] 05/7/2004 12:40

I bought a while ago on the basis that there were signs from other companies that the semi conductor market was improving. Results ok but I was hoping for higher profits than 268,000. Mind you the half yearly figures show a good trend - 212 + 28 = 240, 57 + 211 = 268. That second half augurs well for the new year, and we could be looking at say 500 for a 2005 p/e of only 6. Add in a possible acquisition potemtial and I'm happy to hold.

[spookies] 01/7/2004 20:16

Looks like a good set of results today.

[jura1] 17/6/2004 22:40

Hi SSP'ers

Does anyone know when the results are going to be released? Have not been able to get a confirmation by e-mail as yet.

Also, does anyone know how the consolidation of Steatite will affect the results this year?

Regards

[spookies] 15/7/2003 10:25

Chart looking very good on this one.
Suprised there has not been more discussion on this share.

[spookies] 05/12/2002 19:09

Nice rise today on the back of these results.

Tony.

[washbrook] 05/12/2002 08:27

Good results.
interims eps 3.2p[1.4p]
profit £212000 on capitalization of £2.7m[ last night's close]
last full year profit £116000
div unchanged 1.5p same

[chopsy] 25/6/2001 18:05

I agree. Overlooked.

Results last Wednesday too late for tips in IC/Shares, but they will come. The shareprice will no doubt respond quickly.
110% eps growth and a PE of 8 don't add up, even if the future is somewhat unpredictable.

5000 shares bought today, none sold. I predict that this is the nadir - it certainly looks like a new higher low again, maintaining the uptrend, and the perfect timing to buy in the channel.

IMHO, DYOR and best wishes

[isotonik] 20/6/2001 20:54

What wonderful final years figures. In excess of brokers numbers.In view of low PEG this will generate etc this must warrant a re rating of the stock shortly.

Any comments ??

[doubleorquits] 29/5/2001 13:26

alf,
I think your cautious optimism re SSP matches my own. The stock is not very liquid but, having taken the plunge and bitten the bullet with the spread, I am now happy to hold for at least 150p. I feel like you there is more in the tank after but shall wait and see.

Re TSE:
The Sunday Times tipped it about a month ago and reckons it is expected to show pre-tax profits for the year just ended of about £1.6m, putting the shares on a PE of about 14. I think after its acquisition of Chartland and f/c earnings of 16.67 for 2002 (27% growth), Slater's rolling PEG suggests a PE of 18 is not unreasonable. Thus a target for me of about 275p within the year.

Re BLK:
Has disappointed in the past but f/c is optimistic, interims next week, starting to move and the graph shows rises in May/June for last three years. Plus nice divi to prop up the confidence. (And now, June 6th disappoints yet again!)

Apologies to others for Off Topic references.

[alfwilson] 29/5/2001 11:45

doubleorquits

Thanks for your input.

Regarding BLK it is on my watch list ... I have a target price of 350p, but since I have held this in the past and been disappointed I have difficulty in bringing myself to buy it again. Do you have any info that might give me more confidence?

Regarding TSE ... as a JS/PEG follower of sorts ... my criteria does cannot cope with brokers forecasts that indicate fall in eps. But it does look interesting ... I would take a closer look if I could find Interim results report. Again have you seen any info about earnings and how they might be impacted by acquistions?

[alfwilson] 29/5/2001 11:00

Isotonik

I do not expect all the franchises to make a positive contribution. I used to work for one of them a few years back. For the record I to believe price should be in the 150 - 200p range if they come in on target, but in current climate have prepared myself for a more modest target price of 135 - 140p.

[doubleorquits] 28/5/2001 22:41

Isotonik,

I think the brokers have adjusted their forecasts to allow for the franchises already. In January they adjusted their forecasts for 2001 and 2002 by about 50%!! This is quite phenomenal and if SSP beat these we might see some fireworks. Even without beating them an EPS of 10.3 for this year and 13.8 for next year suggests that on a lowly PE of 10 today's price would be about right (limiting the downside for me) but a PE of 15-20 suggests we could be looking at between 150p-200p now and about 275p next year. As I said this is not an exact science (it would be easy money if it was!) but, although I feel the growth warrants more, 150p is my short-term target.

I like the way the price has been creeping up recently. In November it moved in the week before interims and then leapt on the news. SSP is the sort of small caps stock that will probably always be likely to move quickly on the news (rather than before - on rumour). Equally it is just as likely to fall quickly if the news is not so good. I just hope the market doesn't punish SSP if it only returns a 45% increase this time (not exactly a profits warning is it?)

This is a critical time for me with results and interims due on another two small caps I have an interest in TSE and BLK. I am hoping for re-ratings on both, particularly on Blick who are forecast earnings growth similar to SSP (more in fact).

Good luck. Glad you've done your own research - it seems to concur with mine!

[isotonik] 27/5/2001 21:23

Only one i know is ROK which used to be EBC. Local company (to me) which i liked a lot.However when a firm changes slighly (i.e. merge / takeover / script issue etc.) i tend to lose interest. I know that's a poor way of looking at things but my brain will only cope with so many numbers !! On saying that ROK have moved well over the past few months....(i think).
Thanks for your comments re SSP. It's refreshing to know that there are investors out there who are interested in small cap growth stocks rather than the tech band wagon.
One last point re SSP. When interims were announced (and didn't the price move that day) the firm stated that they had recently taken on five new franchises. Now those franchises whould have had no impact on the interims and do you think the brokers have discounted this ?? If so could we see more than the brokers estimates in Mid June ??
I welcome your comments.

[doubleorquits] 26/5/2001 17:19

Personally, I have minuses against all of them although growth prospects look good. ROK is in a sector I dislike but that is a personal view only, the other two have too high a gearing for me and insufficient ROCE to offset it.

[alfwilson] 25/5/2001 16:15

Would any of you JS/PEG fans like to comment on PCF, ROK & KNK?

[doubleorquits] 25/5/2001 15:27

Indeed, well worth a punt. As JS himself says the excellent thing about PEGs for stockpicking is limiting the downside as much as exploiting the upside. Even if SSP achieved "only" 50% growth this year it would still be on a PE of about 15 i.e. reasonable whereas a PE of 15 at the expectations in the market would mean 150p could be on the cards. Not that this is an exact science but it has to be re-rated one day if it carries on performing. Why not soon?

[alfwilson] 25/5/2001 08:34

As a follower of JS / PEG etc ... and aware of the issues in the electronic component distribution business, an industry I know well, I agree with isotonik that SSP is worth a punt, with a significant gain likely in the short and much more long term. I am encouraged by recent upward movement ... and still 2 weeks away from results.

[isotonik] 24/5/2001 21:59

Solid State Supplies - starting to tick up .Excellent growth stock if you follow the Jim Slater school of PEG /REF formula etc. Results due 12/6. Very lowly rated .Due a re rating - could the finals provide this ?? Any thougths ?? As always DYOR.