Simon Thompson 

A trio of small-cap buys

Simon Thompson

Simon Thompson
A trio of small-cap buys

I had a very interesting, not to mention lengthy, results call with the directors of Redditch-based Solid State (SOLI:410p), a supplier and design-led manufacturer of specialist industrial and rugged computers, battery power packs to the electronics market, microwave systems and advanced antenna products. The £34m market cap company listed on the Alternative Investment Market (Aim) over 20 years ago and is still be a minnow of the stock market, but it has a client base of around 800 companies, many of which are multi-nationals and no fewer than three-quarters are repeat business, thus highlighting a high level of customer satisfaction. It's been on and off my radar for the past couple of years, but I passed it partly on valuation grounds, but was also deterred by a lacklustre earnings outlook. On both counts, it is now of interest.

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