Sdi Share Discussion Threads

[shanklin] 06/11/2023 07:28

EBITDA not PBT? What interest rate do we think SDI will be paying on the £2.4m?

[hastings] 06/11/2023 07:25

Nice to see another acquisition and looks a good fit across the existing sensor space with decent overseas exposure.

[rivaldo] 06/11/2023 07:14

Nice earnings-enhancing in-fill acquisition announced this morning. £2.4m buys £367k of PBT, so pretty good value.

Importantly, the CEO is staying on post-acquisition, and the acquisition is

"in line with the Group's strategy of acquiring businesses with complementary scientific and technology products, with capable management teams in place and with opportunities to grow further under the SDI Group structure. Peak will join SDI's Sensors and Controls division. The SDI Board considers that there are long term growth drivers for Peak's products and services internationally".

[northstar88] 03/11/2023 13:54

It’s very sad isn’t it?!

[cockerhoop] 03/11/2023 13:45

It's like Dr Who this.......another regeneration has occurred :-)

[isa1m] 03/11/2023 13:35

JDG will not acquire SDI for a different reason. I think they would happily buy (merge with) a group who successfully operated the same business model, if the combination strengthened them. Especially since JDG has a succession problem.
However, SDI brings no additional acquisition channels, no leadership, and a mixed bag of businesses which will need attention. So it would be a distraction and a risk, with no appreciable upside.
Unless they could buy SDI for, say, 7 x 11 = £77M. You could even think about £90M, but there's no way to get to the current valuation. And that is the fundamental problem with SDI: it needs a change of leadership to justify a premium multiple to that of its acquisition targets.

[cockerhoop] 03/11/2023 10:29

JDG will not takeover SDI, it goes completely against their business model.

[steeplejack] 03/11/2023 09:52

Worldwide makes some valid observations both specific and about the macro scene.However,SDI are up near 50% in less than a month and i'm wondering whether bid rumours are circulating.Always felt this could be a tasty morsel for the likes of JDG.Somethings afoot.

[hastings] 02/11/2023 21:13

Time for bed said Zebedee!

[isa1m] 02/11/2023 20:40

Not him but her. Yes, a coincidence. I don't agree with wT on a few things, notably the balance between acquisitions and managing the current portfolio. Also I'm not uninvested in the market. But I think I agree with wT that SDI group management and board is not up to the job.
Yes, nice bounce. I hope it's based on something tangible that they're not sharing with us.

[dr biotech] 02/11/2023 14:49

Also nice to see him post pretty much only on the same days as worldwideT, whilst sometimes praising him. Pure coincidence obviously :-)

[rivaldo] 02/11/2023 14:16

Nice bounce at present - just now there was buying at 112p when the published full offer price was 110p, so quite keen buying too.

Yep, interesting to see new posters here. I see that ISA1M registered on ADVFN on 14th August 2023 and has made 8 posts in total on ADVFN - every single one about SDI. Evidently he's keen to discuss SDI in depth to the exclusion of every other quoted company. It's nice to see that level of commitment.

[hastings] 31/10/2023 17:45

Always refreshing to see new posters, who are no doubt well versed with SDI!In relation to BGF!! It is perhaps worth recalling that it was on board in a very early placing back down in the teens and built up a decent stake. Subsequently sold down, but now seemingly adding again!Swings and roundabouts or the magic roundabout.

[isa1m] 31/10/2023 17:04

This BB is getting interesting; it's good to have a proper debate, rather than just the usual fanboys (they know who they are and they're quiet recently).
Interesting to see BFG increasing their stake, taking an opposite view to Herald. Maybe they know something we don't.

[garbetklb] 30/10/2023 21:15

WorldwideT

And you've not answered Northstar88's question........

I've been invested in SDI since 8p, so know the company reasonably well. And I've sold shares on the way up & down; some at 214p. I still have a fair number - more than I'd like long term.

I've found many of your comments genuinely interesting & useful. But, like Northstar88, I don't understand your purpose. From a brief look, the vast majority of your posts are about SDI - a company you're clearly uninterested in at present. Some of your price predictions have been spot on - but your reaction is simply to reduce them.

I was perplexed by the purchase of Monmouth at the time - to me, it appeared a departure from assembling a collection of high added value niche companies. So, whilst I wasn't anticipating the problems, they are not a massive shock. But I don't read through to the sort of bodies buried within other acquisitions that you allude to - perhaps you could be specific? Actually, there is one subsid that does concern me, but I don't want to steal your thunder.......

If you feel happy to suspend your goodbye, I'm all ears.....

[gdjs100] 30/10/2023 18:01

You have said goodbye dozens of times before... but still can't resist! See you at 50p

[worldwidet] 30/10/2023 11:09

Like the CEO, I sold my shares in the 175p range at a good profit. The money has since been parked on the sidelines at 3-6% with no risk and will continue to do so.

There will be great invest opportunities in the next 6-24 months.

My opinion.

But perma bulls have thought they knew better here for months.

I am saying goodbye.

I will be there at 50-60p eventually if you panic sell.

We'll see what happens next...

[northstar88] 30/10/2023 10:30

What are you trying to achieve here Worldwide? I think it's fair to say that you used to be literally obsessed with the company a few years ago, consistently preaching about how good the company was and that it was a great deal to be mopping up the shares at anything below £2 given how well it was compounding. You were buying more and more shares but then turned on a sixpence before Covid and started trashing the company daily instead. You were clearly getting more and more agitated on a daily basis that SDI weren't making an acquisition every month to maintain this mythical 28% compounding figure you came up with and that they weren't incorporating multiple layers of management etc, but they are a very small company and we have to be realistic and be more patient as these things take time and rushing them causes problems. Personally I'd rather the company be run lean with the purchased companies running themselves. Like Berkshire Hathaway, SDI aims to purchase good companies that run themselves and interfering with that will likely cause issues. They have never implied that they wanted multiple layers of management and interference with companies.

Unless you were ramping and are now shorting the share, I can't understand what your purpose is here? Are you so annoyed that your investment went wrong that you have to warn others off it? Genuinely interested.

[worldwidet] 30/10/2023 08:33

100p ...sell...

Over the next 18 months, 50p could be a buy.

[fozzie] 27/10/2023 16:33

Morningstar still shows Herald as 7.88%, this looks like a new position though on the rns. Bought by discretionary clients of Herald is what it actually says. Good recovery in progress here, nice to see some blue.

[isa1m] 27/10/2023 11:59

Fozzie: I think you're wrong about Herald. They seem to have sold down from 8% (in the annual report) to less than 5%. There were a couple of 1m trades at 91p on 25/10, so I guess a new buyer has come in.

[steeplejack] 27/10/2023 10:50

Thereagain,Phoenix Assurance currently yield around 10% and that dividend is regarded as safe.