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Solid State

  • BY: Andrew Hore |
  • POSTED: 06/02/2012 |

Selling a greater proportion of higher margin products means that that electronic and battery products supplier Solid State will make a better than expected profit in the year to March 2012.

House broker WH Ireland has increased its 2011-12 profit forecast from £1.25m to £1.4m and even expects a slightly higher total dividend of 7p a share.  The order book remains strong.

At 139p a share, up 10p, Solid State is valued at £9.44m. The shares are trading on nine times prospective 2011-12 earnings.

Recently acquired ruggedised equipment supplier Blazepoint should make a positive contribution in 2012-13 and that has sparked a forecast upgrade from £1.6m to £1.7m. 

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf

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