Solid State - just a 'hold' at present?
Seventeen days before Christmas is when this value-added electronics group will be declaring its interims to the end of September.
However, well before Tuesday 8 December we now know that the group could be seeing first half revenues hardly changed, despite Covid-19, at around some £33m (£33.6m), with the adjusted interim pre-tax profit of £2.5m, against £2.67m previously.
It will be interesting to see what revenue and profit guidance the company might give to brokers on the figure’s announcement.
The shares peaked at 698p earlier this year, before the virus impacted one and all. They subsequently more than halved to 230p, prior to the steady recovery to 655p a couple of months ago.
Now at 585p the shares, at best, may be just a ‘hold’ but the next few weeks will define any further action.
(Profile 15.08.19 @ 404p set a Target Price of 546p*)