Solid State Share Discussion Threads

[rarther] 18/11/2005 11:23

Maybe they would be interested in buying back the 10k you bought 10 mins ago at 64p, for 70p? :)

[martinwj] 18/11/2005 11:20

ok share price im getting another 4k at 73p

[martinwj] 18/11/2005 11:17

broker on phone right now

[martinwj] 18/11/2005 11:16

im in trouble with the market makers now!!!!!!!!

[martinwj] 18/11/2005 11:13

keep buying!!!!!!

[rarther] 18/11/2005 11:13

can only buy 500 at touch

[martinwj] 18/11/2005 11:10

bloody hell went to buy another 5k and they wanted 75p......bought 1k and price went up again! am in for more now something strange here

[rarther] 18/11/2005 11:07

nice one martin... give them something to think about.

[martinwj] 18/11/2005 10:52

bought another 5k.price rises again now up 6.6%........lets buy some more

[martinwj] 18/11/2005 10:46

ok so they worked the 10k at 64 and price rises 5%........now in for another 5k lets see what happens

[martinwj] 18/11/2005 10:35

interesting......went to buy 10000, broker could only get 2500 at 64 and no offer for the balance!

[rarther] 17/11/2005 13:31

5 weeks until interims

[rarther] 17/11/2005 13:26

£315k + £422k + extras due to synergies & value-added margins.

£750k+ pbt to follow?

[rarther] 17/11/2005 13:17

A brief timeline of SSP's recent financials:

In the year ending mar '01, the original Solid State business turned £9.2m and made a profit before tax of £971k.

The telecoms market then turned to rubble and the company, not being very diversified, recorded £5.99m turnover (-30%) and £116k pbt for year ending mar '02.

Shortly after, the company acquired Steatite Limited for £1.35m cash, who had a £6m turnover and a LOSS of £476k. The chairman's justification for this was "the acquisition provides an excellent opportunity to diversify the Company's activities and to enhance the growth prospects of the Company".

Year ending mar '03 showed £9.00m turnover and £240k profit, meaning that £15.2m turnover between the two businesses had almost halved, but the Steatite cash hemorrhaging seemed to have been stemmed and the group's profitability remained.

Year ending mar '04 saw £8.63m turnover and £268k profit, with confirmation that Steatite was contributing to group profits.

Year ending mar '05 showed £9.48m turnover and £315k profit. It was noted that innovation was leading to new leads but it was stressed that the uk manufacture market was still in decline and conditions were difficult, for Steatite in particular. It was also stated that the company was actively seeking value-added solutions to move into a more high-margin, niche area of the sector to combat the general offshoring trend that had seen revenues slump over the years.

Aug '05 - acquisition of Wordsworth Technology Limited for £1.67m, who had sales of £3.6m and profit before tax £422k. It was noted that this acquisition would allow the company to offer a full box, board and chip solution and further its move into a value-added market position.

[rarther] 28/10/2005 17:12

i'm the only person who's been trading these over the last couple of weeks, is anyone out there? I can not believe how little recognition this share has gotten over the years. Interims due in about 8 weeks.

[rarther] 26/10/2005 10:00

Solid State Supplies

In October, SSP (£315,000pbt) acquired Wordsworth Technology Ltd (£442,000pbt) for £1.7m in cash and existing bank facilities. The market cap at 60p is £3.70m. Providing growth of 0% this will be on a PE of under 5 when the two financial years are merged (3.7m/0.75m). Also the company has paid a good dividend for many years and previous cash acquisitions have not postponed these steady windfalls. The directors hope the latest acquisition will mean the company has critical mass for a value-added part of an increasingly off-shored industry. The interim results are due any day now. Directors and institutions hold over 75% of the shares, so good luck trying to buy anything more than a handful without causing an earthquake.


6-month movement versus Volume, RSI, MACD and 200, 50 & 15 day moving averages.


Long-term vs AIM index (AXX) and Electric Equipment index (UB25).

[rarther] 12/10/2005 14:36

Looks like a gorgeous deal there, huge profits and no need for share dilution.

Unless my eyes are deceiving me, the company already clocked up £315k pbt at finals and this newly acquired business is expected to contribute at least £422k pbt to the company.

£737k pbt with a 5.9% yield (based on dividends from only the 315k profit not the new 422k contribution) and not including any growth or synergies.... and company is only valued at £3.7m???? What will happen to the cap if the company records pbt of £1mil or thereabouts next year?

[abubryn] 03/8/2005 14:02

the question is -to get in before the aquisition is announced or after . will it dilute or will it be earnings enhancing and give economies of scale .also where will the money come from,the favoured few or by rights issue .will dig deeper and try to answer some of these but dont hold your breath.anybody like to guess the target?.

[puku] 27/1/2005 12:56

topped the 70 mark today up from 50p in Nov.

[puku] 26/1/2005 12:55

still rising and no interest !