Sdi Share Discussion Threads

[buywell3] 25/9/2018 08:47

MM's now trying to keep the lid on this


I wonder if the SDI BoD will unload another acquisition before Xmas on the market ?


My water tells me they just might

[buywell3] 25/9/2018 08:41

What a stonking BUY by the SDI BoD .... they just get better and better ... Amazing Value



Ken Ford, Chairman of SDI said:

"Fistreem is a small but important step in our Group acquisition strategy.

Fistreem is another business that fits into the Group and its brands.

The acquisition is in line with our previously announced acquisition strategy and is expected to be earnings enhancing in its first full year of ownership."


Look at these numbers

-- For the year ended 31 August 2017, Fistreem achieved revenue of GBP645,000, gross profit of GBP356,000 and profit before tax of GBP221,000.


Another great find

Fistreem designs and manufactures water purification products and vacuum ovens.


-- The Acquisition is in line with the Group's strategy of acquiring complementary businesses and the Board has identified areas within Fistreem with potential for growth.


Yet again SDI have spotted the potential to enhance the current Fistreem products and services offerings and through X selling opportunities within the SDI Group of companies expand sales.


What a history and look at the BIG names involved

The Fistreem brand is well recognised around the world as it was part of the Fisons Scientific Equipment business subsequently purchased by Sanyo so forming part of the product portfolio of Sanyo Gallenkamp PLC.

It's principle activity is in the manufacture of Water Purification Products of which the Cyclon Water Still is recognised as a world leading brand.

Fistreem products are marketed and distributed in many countries around the world.

And also note although a small company they also provide servicing of their products , scope for further servicing in water purification products perhaps then.

However they are carried out in the USA by LabStrong





Products




Water Purification is a GROWTH market ... more about that later

[interceptor2] 25/9/2018 08:21

That is such a good acquisition and really has been bought at a bargain price.

PSR is 1.17 and Net margin is 27%,when compared to SDI which has a PSR of 2.37 and Net margins of 11.14% it puts the acquisition potential in perspective.

I have topped up here today.

[buywell3] 25/9/2018 08:16

Ken Ford, Chairman of SDI, commented:

"We have had a good start to the 2019 financial year and have further strengthened the Group with today's acquisition of Fistreem International Limited.

This is a business model we plan to continue to replicate as we grow a diversified company with increasing revenue streams and profits."


SDI has continued to perform well across all brands and management remains comfortable with our financial year 2019 expectations, as now revised with the addition of a contribution from Fistreem International Limited, the new acquisition announced earlier today.

We look forward to updating the market further at our half year results on 17 December 2018.



IMO I look forwards to a yet higher update and 50p plus share price within a couple of weeks as news of just how undervalued SDI is .


Happy Days

[buywell3] 25/9/2018 08:08

Yes they are

Cash is king

They spend it very wisely ... and no dilution to us shareholders


Have I said '' I like this company '' ?

SDI BoD I love you lots

xxx

[cfro] 25/9/2018 07:45

This looks a great little bolt-on. Only £756k paid (out of existing cash resources) with sales of £645k (PSR of about 1.2.

61% of sales made to the US.

I get the impression management are being being very conservative and judicious with selecting the right companies to buy.

[timbo003] 25/9/2018 07:36

They seem to have picked up Fistreem for absolute peanuts, it will pay for its self in under 4 years and that is without taking into account any cost savings and synergies

I cannot get along today, but I look forward to the feedback Hastings

[greenroom78] 25/9/2018 07:24

All good this morning. Agree that Acquisition does look cheap.

[rivaldo] 25/9/2018 07:21

Great stuff...

- confirmation of "a good start to the year", performing well "across all brands", "comfortable with....expectations", and

- an earnings-enhancing acquisition: paying £756k cash for a business making £221k PBT seems like incredible value! Plus it's complementary, and 61% of sales are exported, largely to the USA - and "the Board has identified areas within Fistreem with potential for growth".

Can't ask for more than that.

[hastings] 25/9/2018 07:11

And a positive TU too!

[nw99] 25/9/2018 07:07

Nice bolt on

[hastings] 25/9/2018 07:03

Very nice start to the morning with another acquisition on AGM day.Very much looking forward to attending and hearing more.

[petewy] 21/9/2018 16:37

I filled the form in but it wouldn't take a password so contacted them saying their site had an error.

[rivaldo] 21/9/2018 10:30

ProReveal is mentioned in this new article on "Changing the way instruments are cleaned" in the Clinical Services Journal.

I tried for a free subscription to register for the full article, but was rejected! Probably because I wrote N/A as regards my employment, profession etc. Perhaps someone else has access or more persuasive answers....

[interceptor2] 18/9/2018 10:05

JDG results today were indeed very good and I hadn't expected such a strong outcome after the trading update in July. So I conclude that trading has become stronger since with the UK and Europe leading the way.

SDI have 54% of revenue from the UK and Europe which perhaps bodes well for the AGM statement later this month.

Always appreciate your feedback hastings.

[hastings] 18/9/2018 09:37

Yes rivaldo very good from Judges which surely bodes well for SDI.Looking forward to the AGM next week although I suspect I may be the only PI in attendance, (last year two of us) so I'll add some feedback from the day.

[rivaldo] 18/9/2018 09:10

Excellent results and outlook from JDG this morning, hopefully boding well for SDI.

[mudbath] 16/9/2018 22:32

Briotech Limited

HOCl
A CORE COMPONENT OF HEALING AND DISINFECTION

An interesting company .

One that SDI would do well to contemplate.

[interceptor2] 14/9/2018 15:42

Added SDI, not easy. Noticed a delayed sale transaction of nearly 600k reported, might have been an overhang?

[hastings] 13/9/2018 09:30

Lot of trading activity this morning!

[buywell3] 04/9/2018 10:25

Please ask them to confirm they are going to build up stocks from ATIK in the UK that other parts of the group need re cross selling sales , so that SDI UK has enough ATIK products to last to offset Brexit shipping/Border delays.

I am sure they have matters in hand





thanks

[hastings] 03/9/2018 14:35

Hi rivaldo yes I'm definitely going and will add comment afterwards.

[rivaldo] 03/9/2018 13:47

Hastings, I can't make the AGM in Cambridge. I note it's not far away now (the 25th September), so look forward to your notes assuming you're going?