Solid State Share Price (SSP)

Hi, it looks like we might have found the support level. Bit too clos eto my previous purchase to get back in again, unless??????????

Hi northern soul, agree with support level, will be watching to see if sp now settles, if so then could be a good time to buy.

Hi mac62, SSP has a strong support level around 190 pence. I would expect it to bounce strongly off that if it gets that low. If it goes through that it could fall a long way. I am looking for a bounce off 190. Fundamentally this is a good company, that has reduced its gearing quite a good bit in the last 6 months. The biggest killer of companies is high gearing. Fingers crossed.

out there? Dont seem to get much happening on here. Great share price rise over last 12 months, but seems to be on a decline now. Not much news, anyone know whats going on here. Ta

Solid State: WH Ireland raises target price from 266p to 274p and keeps a buy rating.

Evaluation With these results Solid State has continued to show the market that it can successfully deliver, and even beat, expectations. At the time of our original tip in November last year the market was looking for £1.6 million of profits for the 2013 financial year, so in effect the company is one year ahead of where we expected it to be at this stage. At the current price the shares trade on a multiple of around 10 times forecast earnings for this year, however we see the potential for earnings upgrades given the positive trading momentum and desire to add more complementary businesses. A yield of 3.6% is also on offer for 2013, a level which remains attractive. For such a quality business, which has grown revenues by 141% and pre-tax profits by 280% over the past five years, we believe that the current rating does not look expensive. Buy.