Sdi Share Discussion Threads

[basem1] 03/1/2017 15:19

Chuck a few more out noble, I'm looking to buy in under 20p

[noble3r] 03/1/2017 14:42

that was my £10k sell at 18.55p

still hold plenty...

[basem1] 03/1/2017 14:23

I shall have to wait patiently for a few sellers, I'm not paying 21p, although that will look cheap in a few months time.

[rivaldo] 03/1/2017 14:20

Welcome netcurtains - I assume that's your £10,000 purchase at 18.55p....

Basem1, stock is certainly difficult to find at present. Online I can now only buy a maximum 1k shares at 20p, whilst I can sell 50,000 at 18p.

[basem1] 03/1/2017 13:42

I've tried to get in but proving difficult. Being qouted 20.99p for anything from 5000 to 20000 shares. I've had a limit order in all day for 20000 at 19.5p. A very illiquid stock it seems.

[netcurtains] 03/1/2017 13:36

I'm in via Mudbaths 2017 stock pick competition.
Hope it does well over 12 months!

[rivaldo] 30/12/2016 08:40

New highs now - good to see a late tick up yesterday on only £3k of buys just before the close.

[rivaldo] 29/12/2016 08:46

Another new "world's first" product launch from SDI:



"New MIC Strip software offers fast, automated generation of antimicrobial MIC point values
21/12/2016

Synbiosis, a long-established, expert manufacturer of automated microbiological systems, today announced its Minimum Inhibitory Concentration (MIC) Strip module is now available to download. This revolutionary new module automatically reads the MIC point of an antimicrobial sample at the touch of a button.

Minimum inhibitory concentrations are defined as the lowest concentration of an antimicrobial that will inhibit the visible growth of a microorganism after overnight incubation. This point is determined using strips impregnated with a known concentration gradient of each antimicrobial being tested.

The new MIC Strip Module designed for use with Synbiosis’s ChromaZona and ProtoCOL 3 automated inhibition zone measurement systems, automatically detects MIC Strips on an agar plate and reads the MIC value in seconds. This new module will save scientists time having to calculate the MIC point, as well as enabling reliability and standardisation of results.

“Microbiologists have informed us that manually measuring zones around MIC strips can become laborious and incredibly time consuming, leading to fatigue and the possibility of variation in results between users” states Kate George, Senior Divisional Manager at Synbiosis. “In response, we are pleased to introduce the world’s first commercial software to fully automate this analysis. For a speedy and consistent indication of an antimicrobial’s efficacy, microbiologists should trial our cutting-edge new MIC Strip module today.”

[rivaldo] 28/12/2016 12:22

Interesting to see how conservative Finncap have been regarding the new Astles acquisition.

In particular, for next year to May'18 they go for 1.9p EPS. This incorporates an additional £1.34m gross profit and £0.59m PBT from Astles.

Yet Astles' track record is as follows:

y/e 30/4/17 (forecast) - £1.66m gross profit, £0.96m PBT
y/e 30/4/16 - £1.50m gross profit, £0.88m PBT
y/e 30/4/15 - £1.31m gross profit, £0.75m PBT
y/e 30/4/14 - £1.08m gross profit, £0.56m PBT
y/e 30/4/13 - £1.11m gross profit, £0.59m PBT
y/e 30/4/12 - £0.74m gross profit, £0.34m PBT
y/e 30/4/11 - £0.62m gross profit, £0.32m PBT

This implies Finncap are utilising Astles' results from 2014/15 - even if Astles only repeat the current year's results there may be some £400,000 of additional PBT on top of that in the forecasts.

[hastings] 22/12/2016 12:37

Nice to see the price firming up, the company now looking a whole lot different than that of two years ago.What will be interesting is how the NHS trusts will deal with the new guidelines being enforced next summer, firstly across neurology.ProReveal could yet provide some really good uplift which truly would be the icing on the cake.Cheers for the comments re-article rivaldo appreciated.

[rivaldo] 22/12/2016 11:55

Looking very good online. You can sell 80,000 at 17p, but only buy a measly 10k at the full 19p offer.

The 2p published spread is not bad at all by SDI's standards, and you can actually sell smaller amounts at a big premium at 17.65p, so the real spread is actually a lot less than you might think.

[fillipe] 22/12/2016 10:59

Huge spread at the moment, showing on Level 2 bid/ask.

Bests are 16.5p v 19p.

No doubt dealable inside that spread, but even so it looks unwelcoming - particularly at the bid.

f

[noble3r] 22/12/2016 10:22

how anybody could even think of selling SDI at this early stage in their journey is beyond me. What a great recent acquisition - extremely pleased. Looking forward to seeing who our new II(s) are. They will of course be required again, and hopefully in the not to distant future.

[rivaldo] 21/12/2016 16:11

Acquisitions often need to be completed quickly for various reasons, and rights issues take months to complete. That's just the way it goes, and nothing will change that. Sometimes we as PIs get a look in, but usually we don't. As an ex-FD who used to organise these things, I can tell you that we always initially tried to accommodate all shareholders, but many times it simply isn't practicable.

As PIs we have advantages that institutions don't, so it works both ways.

Best to look at the situation as it now is as per hastings' excellent article.

EDIT - apologies trout, our posts crossed.

[troutisout] 21/12/2016 16:08

Why do you invest on AIM?

Look at it another way why should those placees pay for a Company that is going to benefit you as a shareholder when you haven't put in.

Nothing would ever happen if all investors just said no....Companies would just stagnate.

[this_is_me] 21/12/2016 15:59

I would have been happy to buy a lot more shares at 13p, which was the price I bought my holding at in the first place.

I have voted against this scandalous give away as I do against every discounted placing made every company that I am a part owner of. If I don't get a chance to buy discounted shares of a company that I am part owner of why should somebody else? Why should someone else make a huge profit at my expense. I always vote against AGM resolutions giving directors authority to make placements.

[rivaldo] 21/12/2016 14:20

Good to see a 25k buy push the price back to where it was pre-acquisition.

Great article hastings, many thanks. Some really good info, including:

- the existing stellar list of blue chip shareholders increasing their holdings
- a new institution on board
- more acquisitions likely
- Artemis "flying" and trading above expectations
- ProReveal still with exciting upside in for free
- talk of a dividend next year
- a P/E of only 8 or 9, even before stripping out the net cash

[hastings] 21/12/2016 12:43

May be of some interest to othershttp://www.cambridge-news.co.uk/business/business-news/sdi-one-watch-coming-year-12352649

[garbetklb] 21/12/2016 08:37

Have just heard the results of the recent AB Dynamics open offer - alongside a placing at a 5% discount. Open offer over 4x subscribed - higher over-subscription than the placing.

If they have a good story, I think companies should naturally turn to their existing shareholders first.

[greyingsurfer] 20/12/2016 10:38

I am glad you take up the Open offers when they become available, that doesn't mean the majority of shareholders do, most are bought up by a few shareholders getting excess of their allocation.

They may not. That however doesn't alter the fact that they should be offered a way of taking part in equity fund raisings, in particular those at a very large discount.

Peter

[troutisout] 20/12/2016 10:31

greyingsurfer,

I am glad you take up the Open offers when they become available, that doesn't mean the majority of shareholders do, most are bought up by a few shareholders getting excess of their allocation.

The Company need to hold a GM to get the placing voted through, surely that is the time they will have to make their case for the deal?

As for dilution very few shareholders will have paid above the current SP, the share price has remained strong and at a level only reached last month, so most shareholders will not have been affected by the dilution price wise (as the 13p placing price suggests) and value wise they are being diluted for an acquisition and not just working cap, therefore are getting a slice of the new company as part of any dilution.

As it stands the market have taken this well, shareholders seem solid , placees seem to be solid and the acquisition will be judged a success further down the line. SDI are after acquisitions and therefore some sort of fundraising is necessary, having been on the wrong end of some whopping discounted placings lately, I think this one isn't that bad at all.....sometimes it is not just about the discount but the quality of those taking the shares....

[rivaldo] 20/12/2016 10:11

Finncap have increased their target price to 20p.

They've conservatively adjusted their forecasts, leaving them at 1.7p EPS this year and going for 1.9p EPS next year.

They also see SDI having a £1.1m cash pile at the end of this year, rising to £1.7m at Apr'18.

This perhaps gives room for a further acquisition from part-cash, part-debt/fundraising.

SDI still looks pretty cheap at the current price on that basis, particularly as we now know that H1 trading is in line with expectations.

[supernumerary] 20/12/2016 10:06

hastings + rhomboid - thanks, guys, that makes it somewhat clearer. The dangers of a quick and superficial reading...

[greyingsurfer] 20/12/2016 09:59

1. I bet most PIs wouldn't buy shares in an Open Offer even if they profess to have wanted that for fairness.

I nearly always take up shares in open offers, unless I consider the company is make a lousy deal or likely end up losing me money in other ways.

And yes I also frequently profess that existing shareholders should be offered the possibility of taking part in equity fund raising, it seems to me it's pretty fundamental to the role of a shareholder. It also means the company has to make the case as to why it wants the funds, and it allows shareholders to judge the quality of the deal and the management. This deal doesn't do that - and leaves me questioning their capabilities and interests.

Peter