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Solid State

  • BY: Andrew Hore |
  • POSTED: 12/10/2011 |

Electronic components and battery products supplier Solid State says that trading is significantly ahead of last year.

The order book has increased from £8.4m to £9.6m in the six months to September 2011. Trading is in line with expectations.

At 112.5p a share, up 6p, Solid State is valued at £7.64m. Based on a forecast dividend of 6.5p a share, the shares yield 5.8%.

House broker WH Ireland forecasts an increase in full year profit from £1.24m to £1.35m. A slightly higher expected tax charge and a greater number of shares in issue mean that earnings per share are likely to decline this year. The shares are trading on just over seven times prospective 2011-12 earnings.

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