News blog

Solid State

  • BY: Andrew Hore |
  • POSTED: 17/10/2011 |

Electronic components and battery products supplier Solid State has acquired ruggedized computer supplier Blazepoint from its administrator for £200,000.

Blazepoint focuses on the commercial and military market. The company generated a pre-tax profit of £25,000 on revenues of £3.1m in the year to June 2011. The book value of the assets acquired was £819,000.

There will be additional costs for integrating the business but the deal should be earnings enhancing in the year to March 2013. The group’s new brand is Steatite Blazepoint and it will be a market leader in its segment.

House broker WH Ireland has trimmed its 2011-12 profit forecast from £1.35m to £1.25m, while the following year’s forecast raises from £1.45m to £1.6m.

At 115p a share, Solid State is valued at £7.81m. The shares are trading on just over six times 2012-13 prospective earnings.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2011_25.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds