Share Name Share Symbol Market Type Share ISIN Share Description
Sdi Group Plc LSE:SDI London Ordinary Share GB00B3FBWW43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 64.50 64.00 65.00 64.50 64.50 64.50 193,208 07:37:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 17.4 2.1 2.1 30.7 63

Sdi Share Discussion Threads

Showing 2026 to 2049 of 2175 messages
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DateSubjectAuthorDiscuss
21/7/2019
14:05
I hope you are learning something dr quack from reading my posts As you have been for the last few years now Some of it should have sunk in I hope I don't key these scripts for pleasure in case any reader should wonder: Only to elucidate the less advfn fortunates like yourself
buywell3
21/7/2019
09:11
Organic growth about 5%, PE ratio 24. Brexit worries flagged by the board and some think we are heading for a global recession. If true this is going to tank. End of.
dr biotech
21/7/2019
08:30
Some folks have raised the 5% organic growth number as an issue in these results. buywell would like to add his six pennyworth From the results: Adjusted Operating Profit Digital Imaging ... 2019= 1,954M ... 2018= 1,041M ( buywell= over 90% better ) Sensors & Control . 2019= 2,165M ... 2018= 2,007M ( buywell= only 8% better ) Other ............. 2019=(1,017)M .. 2018= (702)K ( buywell= loss 45% worse ) From this it seems obvious that currently the Digital Imaging segment is way out performing the Sensors & Control part of the company. A) Why is that ? Should future acquisition investment not be targeted here until Sensors & Control orders pick up. B) What is Other ? This was loss making in the 2018 results at 702K and has worsened to over 1,017M pounds which has in fact dented profits, now becoming an obvious concern. From the results: The Digital Imaging segment incorporates the Synoptics brands Syngene, Synbiosis and Synoptics Health, the Atik brands Atik Cameras, Opus and Quantum Scientific Imaging, and the Fistreem, Ionscope and Graticules Optics businesses acquired during the year. These businesses share significant characteristics including customer application, technology, and production location. Revenues derive from the sale of instruments, components for OEM customers' instruments, and from accessories and service. The Sensors & Control segment combines our Sentek, Astles Control Systems and Applied Thermal Control entities, and the Thermal Exchange and MPB Industries businesses acquired during the year. All of these businesses enable accurate control of scientific and industrial equipment. Their revenues also derive from the sale of instruments, major components for OEM customers' instruments, and from accessories and service. Now from the above clearly company organic growth slowed to 5% mostly in the Sensors & Control segment It grieves me to say it , but this is mainly due IMO to a previous star buy Sentek , which in previous years had scored stellar growth of well over 20%. Sentek have signed LONG TERM contracts of several years with BIG companies to achieve better visibility of earnings ... BUT ... at a lower price. This is IMO what has dropped the previous great organic growth %ages . What worries buywell now is that once this price cutting starts with a BIG company/s to gain long term contracts ... it is a slippery path for smaller companies ever being able to raise prices again. Sorry but IMO in this instance I think the BOD have dropped a clanger. Such moves make smaller companies too DEPENDENT on bigger companies for work. They then become worker bees for the bigger companies , I hope that the BOD return to their older successful pricing models that were working very well indeed. dyor
buywell3
20/7/2019
08:39
Usually, yes. If it happens part way through the year, its slightly more complicated, but the principle remains the same
pireric
20/7/2019
08:27
Eric can I ask a question too, sorry for methering youAt what point does revenue from an acquisition become organic growth. Is it the year following the year of purchase ?
ronwilkes123
20/7/2019
08:21
Hi buywell The digital imaging was much better in part because that's where the big acquisitions were this year + Atik is performing very well. While the likes of MPB and Thermal Ex will fall into Sensors & Control, MPB was acquired really late in the year so wouldn't have been included in the numbers for a long period of time at all. The other is almost certainly centralised unallocated overhead. Last year was 4.8% of sales, this year 5.8%. Nothing too major IMO Eric
pireric
20/7/2019
08:01
I won't post very often on this thread so don't worry: And buywell notes zero mention of ProReveal in the results; buywell can read between the lines better than most. I will pass comment on the results just this once , regarding a couple of points which those people talking to members of the BOD might seek clarification on, Namely: Adjusted Operating Profit Digital Imaging ... 2019= 1,954M ... 2018= 1,041M ( buywell= over 90% better ) Sensors & Control . 2019= 2,165M ... 2018= 2,007M ( buywell= only 8% better ) Other ............. 2019=(1,017)M .. 2018= (702)K ( buywell= loss 45% worse ) From this it seems obvious that currently the Digital Imaging segment is way out performing the Sensors & Control part of the company. A) Why is that ? Should future acquisition investment not be targeted here until Sensors & Control orders pick up. B) What is Other ? This was loss making in the 2018 results at 702K and has worsened to over 1,017M pounds which has in fact dented profits, now becoming an obvious concern. From the results: The Digital Imaging segment incorporates the Synoptics brands Syngene, Synbiosis and Synoptics Health, the Atik brands Atik Cameras, Opus and Quantum Scientific Imaging, and the Fistreem, Ionscope and Graticules Optics businesses acquired during the year. These businesses share significant characteristics including customer application, technology, and production location. Revenues derive from the sale of instruments, components for OEM customers' instruments, and from accessories and service. The Sensors & Control segment combines our Sentek, Astles Control Systems and Applied Thermal Control entities, and the Thermal Exchange and MPB Industries businesses acquired during the year. All of these businesses enable accurate control of scientific and industrial equipment. Their revenues also derive from the sale of instruments, major components for OEM customers' instruments, and from accessories and service. So buywell says: IMO .... Other .... needs explaining in more detail dyor
buywell3
19/7/2019
17:04
Will update the header over the weekend. On the calcs Ron; H1 the year prior, they haven't disclosed the organic growth, so actually much harder to figure out than I thought - If I recall, they had some big deals in Q4 of that year though, which makes me think that organic growth will have been at least to a degree H2 skewed even if total growth was flat between the halves Total organic growth for the year prior to last was c. 11%. So quite possible once you start putting in seasonality into that (i.e. H2 likely stronger), that there would have been a 3-5 point swing in growth rate comparatives. Still, to go from 11 to 5 implies pretty much no growth in H2 last year so won't account for the whole slowdown. So looks to have either been some underlying slowdown, or the comparative was much tougher in H2 the year prior than just 3-5 points, or there was some non-recurring revenue in the prior year H2 (which does somewhat correlate to what they've mentioned in the past). Stepping back a level, 5% for the year is good and absolutely happy to take that year in year out, but the phasing of 11 in H1 down to 5 for the full year is clearly the small negative within that, esp when now up against a strong 11% organic comparative this year That potentially poses a challenge for the share price over the next 6 months IF we were to believe SDI don't do any acquisitions, but that seems unlikely. And combined with a pretty low rating here, I think it's fine on balance, but probably do need an acq to get the share price recognised again.
pireric
19/7/2019
10:18
Actually rebought a few days later for a trade on results which failed - my posts were frustration led yesterdayApologies
ronwilkes123
19/7/2019
10:15
This you Ron? Comments on #SDI & #DRV (11th March) coincide with ones you made on these boards. HTTPS://twitter.com/RyanWilkes20 Sold SDI on 8th July? ronwilkes12319 Jul '19 - 10:57 - 154 of 155 0 0 0 I’d repurchased in the last few days, as a trade on the results. At 53p, so I’m now stuck in. I should really take the loss. I probably will. Yesterday I let frustration get the better of me apologies all. Ryan Wilkes ‏ @RyanWilkes20 Jul 11 More Looking like an excellent move to sell down #sdi recently, now back under 50p with a 10-20k block seller 1 reply 0 retweets 0 likes Reply 1 Retweet Like Ryan Wilkes ‏ @RyanWilkes20 Jul 8 More Sold #SDI lack of any positive movement week before finals means I’m out - may return but under 50p 0 replies 0 retweets 1 like Reply Retweet Like 1 Ryan Wilkes ‏ @RyanWilkes20 May 29 More #sdi those who bought at 64p now selling at 51p silly imho
buywell3
19/7/2019
10:01
We all get frustrated here at times (BUR has been doing my head in), so no worries on that account. Always happy to read a contrarian view when well argued.
xajorkith
19/7/2019
09:57
I'd repurchased in the last few days, as a trade on the results. At 53p, so I'm now stuck in. I should really take the loss. I probably will.Yesterday I let frustration get the better of me apologies all.
ronwilkes123
19/7/2019
09:54
This you Ron? Comments on #SDI & #DRV (11th March) coincide with ones you made on these boards. HTTPS://twitter.com/RyanWilkes20 Sold SDI on 8th July?
xajorkith
19/7/2019
07:36
Despite my frustration yesterday was looking forward to reading pierics calculations - I don't think he's posted them yet looking on here and twitter
ronwilkes123
18/7/2019
12:57
Ronwilkes . Thanks for such a civil reply - I had expected something far worse . I believe your explanation that you bought too high and tried to sell too low . Believe me , I’ve done the same often enough , hence my name . The price appears now to be recovering . As I wrote , I shall await the comment in SCSW on 10th August , but don’t ask me to paste and copy here . However , SDI forms part of SCSW’s Growth Portfolio of its highesg conviction tips . By the way , don’t think I’m a clever investor . Anyway , to put things into perspective , does anybody have anything helpful to say in comparing SDI with our larger comparator company Judges Scuentific ?
mrnumpty
18/7/2019
11:27
Good point mrnumpty, I suppose I'm locked in now having bought at 53p. After the frustration of this morning has abated I'll fade back into the background too, let the smarter people discuss.
ronwilkes123
18/7/2019
11:24
Ronwilkes . I’m intrigued by your comment if 8.05 this morning , namely that “ Bought some a few days ago and now can’t shift them “ . To me this suggests that you are inexperienced , as the transactions you refer to are the opposite of the old stock market adage “ buy on the rumour and sell on the news “ . Anyway , why put negative comments on a publicly open forum like this , since those comments might tend to encourage further selling , thereby forcing the price down further and making the market makers less likely to want stock ? For me , I shall hold and look firward to the next copy of Small Company Share Watch on 10th August .
mrnumpty
18/7/2019
11:04
Hastings, Eric, I'm slightly confused by their organic LFL methodology. In the Finncap note they use FY2018 rev (14.496m) as a base, add 0.7m organic, 0.9m for 2018 acqs (ATC, QSI) and £1.3m for 2019 acqs. My issue is that the base figure FY2018 includes 7 months of ATC rev (0.9m) as it was purchased in Aug 2017. If i'm reading this correctly it's skewing the organic growth downwards.
cockerhoop
18/7/2019
10:45
SDI is a "buy & build" company delivering operational efficiencies through economies of scale. It's not all about organic growth. Yes, this has slowed, but it is clear from the operations section that they expect this to increase going forward, referring to capex & stating: "The Group has made these investments to facilitate future growth of revenues and profits while also growing in the current year." Finncap appear to agree & have upgraded their forecasts accordingly, leaving SDI on a rolling PE under 14 below 50p. Clearly "sell on news" out in force today, but still a LTBH for me given their proven quality & continued opportunities going forward.
xajorkith
18/7/2019
10:38
Good point Eric. Just to throw my thoughts in, I'm pretty sure the 11% figure was skewed by the previously highlighted one off order for ATIK from a large OEM customer, I'll clarify when I speak with management tomorrow. Personally I'm happy with organic growth between 5-10% per year and interesting to note that FinnCap is forecasting 6% for the next year, so not declining!I'd say a good measurement of the business health is a 26% increase in cash generation along with profits 24% higher. Anyway, each to their own and I've taken the opportunity to average up a touch this morning.
hastings
18/7/2019
10:35
In the latest edition , which reached subscribers nearly two weeks ago , Small Company Share Watch anticipated adjusted PBT of £ 2.9 million , as opposed to the £ 3.0 million just announced . No doubt there will be a comment in the next edition of SCSW , which is due too reach subscribers on 10th August , though three weeks is a ling time to wait in the stock market . Surely the share price movements are nothing more than an illustration of the old adage " buy on the rumour and sell on the news " .
mrnumpty
18/7/2019
10:25
You have to work out the base comparative Ron. For illustration, if the H1 base was -15% then 11% organic wouldn't look good. Equally, if the H2 base was +12%, then an implied second half growth rate of low single digit # is actually good Haven't done the calc myself yet but will this eve
pireric
18/7/2019
09:56
True pieric but people look for organic growth numbers it's slowing and that's a warning sign. Imo it's not investable this high up.
ronwilkes123
18/7/2019
08:33
In fairness anyone with half a brain knew his posts were nonsense. If I recall correctly, that's why this board was started.
pastybap
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