By Steve Moore | Friday 15 November 2024
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Last week a “Trading Update” from industrial electronics company Solid State (SOLI) included it arguing it “trading in-line with market expectations for the full year” to end-March. With the shares then at 220p, I questioned that including noting the level of pipeline orders it needed to convert in the second half in a stated “challenging” prevailing trading environment and concluded, on a risk versus reward basis, avoid/sell. Now already a further “Trading Update”. Uh oh!…
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