Sdi Share Discussion Threads

[tkamp] 27/10/2022 16:18

Mike sold almost all his shares in SDI just now. That doesn't look great...

[bigbigdave] 27/10/2022 14:46

Down 6%, SDI infuriating as ever in the face of regular good news and acquisitions. pah!

[gnnmartin] 25/10/2022 17:01

Thanks from me too.

[arregius] 25/10/2022 09:54

Thank you so much

[hastings] 25/10/2022 09:43

Added some comment for interest, after speaking with Mike and Ken yesterday.Https://martinflitton1.wixsite.com/privatepunter/post/another-buy-for-sdi-25-10-22

[fillspectre] 24/10/2022 20:30

Bampton, Devon not so far from Bridgewater, Somerset. A small geographical cluster developing? Fils

[hastings] 24/10/2022 10:54

I'm hoping to speak with Mike later and will add something in due course.

[shanklin] 24/10/2022 09:46

trident5

Thank you for your very helpful analysis :-)

I thought hastings might have some insight as SDI's relationship with its bank and its likely ability to raise extra finance should a particularly attractive acquisition opportunity arise. Obviously a placing is the last thing we would want currently and inconsistent with SDI's way of working in recent years.

[trident5] 24/10/2022 08:44

This will leave them with £13m less firepower for future acquisitions.

[shanklin] 24/10/2022 07:36

Hi hastings,

How do you see this affecting SDI's firepower for future acquisitions please, if at all?

Thank you, Martin

[hastings] 24/10/2022 07:16

Yes, another positive looking acquisition and of greater size than previous buys.

[bigbigdave] 24/10/2022 07:07

That will do no harm at all :o)
SDI Group plc, the AIM quoted Group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, is pleased to announce the acquisition on 21 October 2022 of Fraser Anti-Static Techniques Limited ("Fraser"), a UK manufacturer of anti-static equipment (the "Acquisition"). Total consideration is forecast to be approximately £13.0m, net of excess cash acquired.



Highlights:

●

Fraser is a leading UK manufacturer of anti-static products which eliminate, clean, generate or measure static electricity in a variety of industries including plastics, packaging, printing, food processing, medical and pharma amongst others.

●

Fraser operates across three freehold sites in Bampton, Devon and one leasehold site in Bristol, covering in total 24,500 sq ft and has approximately 47 employees. It also has sales offices in China and Germany. A large proportion of Fraser's revenues are to overseas customers.

●

Revenues for the year ended 30 November 2021 were £7.4m, with adjusted EBIT of £1.6m.

●

Acquisition price includes c. £1.76m of freehold property.

●

Fraser will reside in the Group's Sensors and Controls division.

●

Acquisition expected to be enhancing in the current year.



Ken Ford, Chairman of SDI said: "The acquisition of Fraser is a further step in our Group growth strategy, demonstrating again the opportunities to acquire businesses with high quality products with export growth potential. The Acquisition is expected to be earnings enhancing in current year FY2023. We are delighted to welcome Bob Fraser, Bruce Clothier and their staff at Fraser to the SDI Group.

[fillspectre] 05/10/2022 22:34

Hi Hastings - did you get around to writing up some AGM notes? Fils

[arregius] 22/9/2022 09:50

Looking forward hastings

[trident5] 22/9/2022 08:52

It won't be - both are about capturing the lower valuations given private companies and aggregating them into a public company which gives a higher valuation.

[bigalan3] 22/9/2022 08:26

Judges scientific results fairly pleasing.
You wonder if sdi are on their hit list.

[hastings] 21/9/2022 11:18

Just exited the AGM, which saw three of us PI's present. Managed to chat with a few of the Directors including the new CFO and suffice to say very comfortable with what I heard.I'll try and get round to writing up some notes in due course.

[trident5] 21/9/2022 09:19

Are both your figures "adjusted profits before tax"?

[jojaken] 21/9/2022 08:06

Although not explicitly stated, that's a rise of £0.75m from the £11m estimate for profits before tax made back in July at the time of the year end results. Not many companies can do that in today's economic environment! Love the nonchalant confidence.

[rivaldo] 21/9/2022 07:23

Reassuring AGM statement today, with a "good" start to the year and trading in line with consensus expectations of 9.2p EPS.

Which leaves the current multiple looking very good value by recent standards, and certainly much cheaper than sector comparator JDG.

[cockerhoop] 15/9/2022 15:30

Was planning to Martin but GAW Agm is on the same day.

[norbert colon] 15/9/2022 13:52

Wasn't planning to Martin as surprisingly I don't have much to quiz mgt on but always value your feedback.