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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 2.50 | 4.31% | 60.50 | 96,397 | 09:04:05 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 59.00 | 62.00 | 60.50 | 58.00 | 58.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Coml Physical, Biologcl Resh | 65.85M | 4.23M | 0.0407 | 14.86 | 60.35M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:17:35 | O | 5,000 | 59.33 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 14/11/2024 | 07:00 | UK RNS | SDI Group PLC Notice of Results and Investor Presentation |
| 30/10/2024 | 11:16 | ALNC |  IN BRIEF: SDI Group acquires InspecVision for GBP8.7 million |
| 30/10/2024 | 07:00 | UK RNS | SDI Group PLC Acquisition of InspecVision |
| 14/10/2024 | 09:00 | UK RNS | SDI Group PLC Holdings in Company |
| 07/10/2024 | 16:00 | UK RNS | SDI Group PLC Holding(s) in Company |
| 27/9/2024 | 06:00 | UK RNS | SDI Group PLC Share Option Awards |
| 26/9/2024 | 14:00 | UK RNS | SDI Group PLC Director/PDMR Shareholding |
| 26/9/2024 | 12:05 | UK RNS | SDI Group PLC Result of AGM |
| 26/9/2024 | 06:00 | UK RNS | SDI Group PLC AGM Trading Update |
| 28/8/2024 | 06:00 | UK RNS | SDI Group PLC Posting of Annual Report & Accounts & AGM Notice |
Sdi (SDI) Share Charts1 Year Sdi Chart |
|
1 Month Sdi Chart |
Intraday Sdi Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/10/2024 | 13:02 | SDI - Designer and Manufacturer of Scientific Instruments & Technology Products | 2,239 |
| 01/3/2021 | 14:09 | SDI - Global & Niche imaging portfolio for scientific & medical users | 1,842 |
| 02/8/2019 | 08:51 | Scientific Digital Imaging - with charts & news | 55 |
| 08/7/2017 | 16:53 | Scientific Digital Imaging | 18 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:17:36 | 59.33 | 5,000 | 2,966.50 | O |
| 10:05:03 | 60.70 | 2,000 | 1,214.00 | O |
| 09:56:48 | 59.25 | 1,000 | 592.50 | O |
| 09:50:55 | 60.00 | 3,000 | 1,800.00 | O |
| 09:50:52 | 60.00 | 6,000 | 3,600.00 | O |
| Top Posts |
|---|
Posted at 21/11/2024 08:20 by Sdi Daily Update Sdi Group Plc is listed in the Coml Physical, Biologcl Resh sector of the London Stock Exchange with ticker SDI. The last closing price for Sdi was 58p.Sdi currently has 104,050,044 shares in issue. The market capitalisation of Sdi is £62,950,277. Sdi has a price to earnings ratio (PE ratio) of 14.86. This morning SDI shares opened at 58p |
Posted at 10/10/2024 11:56 by red ninja Tipped in Shares Magazine todayThree Small Shares To Buy Now A casual glance at the share price chart might put a quick end to investors’ research into SDI (SDI:AIM), but that’s a mistake, in our view. This is a small cap company which has stuck to its largely successful knitting for years, and we expect its fortunes to significantly improve over time. SDI is a collection of subsidiaries involved in the design and manufacture digital imaging, sensing and control equipment used in life sciences, healthcare, astronomy, manufacturing, precision optics and art conservation applications. It’s a buy and build model which closely resembles that of health, safety and environmental kit maker Halma (HLMA), a constituent of the FTSE 100, buying good value businesses which add consistent cash flow and profits to the overall company. Not only does SDI’s growth stretch back multiple years, it has been high-quality growth. Gross margins typically run at around 60% to 65%, high for a manufacturing business, while returns on investment and operating margins are in the double-digits and above industry averages. The end of the pandemic has tossed many a challenge at SDI as customers de-stocked after a prolonged spell of over-ordering. Higher borrowing costs haven’t helped either, but both issues now seem set to improve. This leaves substantial upside on the table, partly as SDI continues to find attractively priced acquisition targets to supplement organic growth, and from a change in market mood. This is a stock which has previously traded on a 20-plus PE (price to earnings), now just 12. History is on its side, we believe. Over the last 10 years, SDI has grown turnover from £7 million to £65.8 million in the year to 30 April 2024 and adjusted operating profit from around £57,000 to £9.6 million. The share price has increased from around 10p to over 200p at its peak, yet today is available at 50p. Not for long, we suspect. [SF] |
Posted at 26/9/2024 09:04 by rivaldo So:- full year results are expected to be in line with 6.0 EPS forecasts - net debt reduced strongly in H1 by almost £2m - H1 has been slow, but given we're now half way through the period SDI hopefully have the revenue visibility to back up their belief that the final outturn will be nicely in line. Either you believe the above, in which case today's fall is overdone and SDI are a complete bargain on a P/E of 8.9. Or you might not trust that trading will improve as flagged in H2, in which case any downside is hopefully priced in anyway at the current share price. OT : apologies dd46, my post crossed with yours! |
Posted at 22/7/2024 08:23 by rivaldo Good to see that the respected tech publication Techinvest in their most recent July issue have added SDI to their long-term Trader Portfolio.They summarise: "We feel that the share price has fallen too far given the underlying value in the core assets of the business. Moreover, the latest trading update in May confirmed that trading for the year ended April 30 would be in line with market expectations. Encouragingly, the group saw improved profitability and cash generation from operations over the second half of the year and this seems to have been spread across most parts of the business. The broker consensus for the current year is for net profit of £9.8m and earnings per share of 7.3p. Trading on a prospective P/E of 8.9 for a little under ten months out and a PEG ratio of 0.4, we see good recovery potential in the share price over the medium term." |
Posted at 06/6/2024 09:37 by rivaldo SDI have been tipped by City Confidential with a 104p target price in their latest issue:Extracts: "SDI Group – 71.5p The recent trading statement from the AIM-quoted designer and manufacturer of scientific and technology products has provided reassurance on the results for the year to 30 April 2024. Although these will not be as good as the previous year, the current financial year should see a return to growth once again and, in our opinion, the share price now offers excellent value. The shares stand on a relatively modest p/e ratio and although there is no dividend the growth prospects more than make up for this. The share price hit 200p in March 2023 and although we do not expect the shares to rise to that level anytime soon, we do think that a rating of 14x the earnings for the current financial year is achievable. That sets a share price target of around 104p, an increase of 45% over the current level, thus justifying our recommendation of BUY." "The trading statement released on 20 May covered the period to 30 April 2024 and confirmed that revenues would be in line with market expectations at around £65.9m. This figure includes a first-time contribution from Peak Sensors (acquired in November 2023) and full year contributions from a couple of businesses acquired in July and October 2022. The second half of the year saw an improvement in both profitability and cash generation over the first half and this enabled net debt at the year end to be maintained at £13.2m despite the company spending £3.3m on acquisitions during the period. It is pleasing to report that the increase in revenue was seen pretty much across the board although Scientific Vacuum Services did see a fall in revenues after delivering a large contract in the first half of the year. The company is therefore confident that adjusted pre-tax profit for the year will be in the order of £8.0m, which is pretty much in line with market expectations. Outlook The company has always maintained that 2024 was going to be a more difficult year as the effects of overstocking by customers (which had benefited earlier years) began to unravel. However, it is pleasing that despite this impact, the company has continued to do well, remaining profitable and also cash generative. It does seem likely that 2024 will be the low point in the current cycle and that revenues and profits will start to increase from the current year. The group’s strategy of acquiring small, niche businesses which continue to be run independently as before is clearly working and the fact that these businesses serve different end markets also provides some diversification. The businesses benefit from being part of a larger group whilst maintaining their entrepreneurial flair and scope for innovation. As the companies being acquired are private companies the cost of these is much less than their quoted counterparts although any growth is then for the benefit of SDI shareholders The company’s subsidiaries operate in growing end markets and this obviously provides the potential for future growth. The appointment of Stephen Brown as CEO in January also appears to be having a positive effect as he has considerable experience in the industry having held senior positions in prestigious global product and technology focused businesses. Despite the prospects at the group, the shares stand on a relatively low rating and we therefore rate them as a BUY." |
Posted at 21/5/2024 10:04 by worldwidet @NChanningThe problem is such successful companies as JDG HLMA CSU etc. are not as easy to copy as you might think. The few very successful serial acquirers have a very special DNA of executives across all management levels. It takes intelligent managers who are firmly rooted in the serial acquirer and who live the serial acquirer principle. They need the managers to think like shareholders because they own enough shares themselves. JDG HLMA etc. Have strong M&A structures. They have built up strong networks over the years and are firmly networked in the TAM and are not dependent on advisors and intermediaries. SDI does not seem to have a network. They always have to rely on intermediaries who are expensive. The managers at subsidiary level are busy with their own companies and have no bolt-on M&A ambitions. The culture of the executives at SDI is a shambles. They don't own shares and don't think like shareholders. I see SDI bobbing along. Every now and then a small overpriced acquisition of mediocre companies that come through intermediaries. But I don't see SDI becoming a high quality serial acquirer in its current state. I'm also not sure if SDI really wants to be that under the new CEO. My opinion. |
Posted at 20/5/2024 06:51 by worldwidet Debt was not reduced and remains high. ~3mio cash so no relevant acquisition possible. If SDI wants to continue to grow at 10-20%, they need to make 4-5 acquisitions with a total volume of ~£8-15m.They still have to deduct the constant dilution through share options of ~2.5% from the growth per share. A boring update that does nothing to change the extreme structural problems. The TU confirms the red flags. Pay attention if insider buy... I don't think they will buy Traders have pushed the share price out of an oversold state on low volume and closed the gap between 65-70p. Downtrend intact. share price 20-30 ... Waiting. No reason to buy. My opinion... |
Posted at 08/4/2024 19:25 by worldwidet For more than a year now, all the warning lights have been on (The massive selling of executives and the fact that no executives are buying massively even though the share price has fallen 75%). I have shown them but the permabulls have consistently ignored them. Sp -75%. Congratulations bulls.It is sad how SDI has developed. I had hoped for something different, but I recognized early on where the journey was heading. Whether they achieve the reduced forecasts in the short term or not is irrelevant. SdI has massive structural problems. 1. managers who are not personally committed to the company in the long term with their own money. No executive DNA of long-term thinking managers who feel like owners. 2. no M&A competence and no M&A networks. SDI always relies on consultants and intermediaries. SDI has no network of its own and no experienced and globally networked M&A executives. 3. no high-quality existing business that produces stable FCF. Past acquisitions were too expensive and of questionable quality. This can be seen in the Monmouth disaster and the collapsing FCF 4. high debt / interest burden and thus an M&A wheel that has come to a standstill. 5. poor corporate communication and poor corporate governance. The way the CEO's departure was communicated and forecasts that were massively cut a few weeks after the announcement. 7. the new CEO has no M&A expertise. A new COO/M&A manager has to be found and sdi has to fall back on external people because there are no capable managers in its own ranks. 8. the CEO currently seems to be concentrating on the existing business, probably for a given reason. There seem to be massive problems here. 9. the CEO seems to be concentrating on M&A in the USA. Why? UsA is expensive and complex DD is necessary. Risky. A lot can happen here. I expect the next misstep in the foreseeable future. My opinion. Make your own DD. |
Posted at 29/9/2023 11:47 by worldwidet Good investors recognise when a paradigm shift has taken place and a decade-long cycle of interest rate cuts has come to an end.A good investor recognises when the framework conditions have turned 180 degrees and the management and corporate strategy are overwhelmed by the new situation. We are not talking about a short recession like in 2020 after Covid and central banks that then bring the interest rate close to 0 and flood the markets with money. What happens in the next 1-3 years will have an impact for the next decades. Feel free to say today that I am exaggerating with my pessimism. But look at the bond markets because they tell you what will happen. I would advise investors to sit on a mountain of money and buy a few ounces of gold and see what happens in the next few years. I think it's going to get pretty ugly. Just my humble opinion and I don't make recommendations as a matter of principle. The SDI share price seems to prove me right. I'm out of here again and will take my time to see what happens. |
Posted at 06/6/2023 08:11 by worldwidet Halma 38x FCFSDI 30x FCF If you think SDI is worth paying 30 times FCF then buy. I think the risk premium at the current valuation is too low to buy. SDI lacks a strong management team that is ready to take SDI to the next level. But SDI executives hardly own any SDI shares, so there is no incentive to take SDI to the next level. CEO Mike Creedon has done a great job in getting SDI to where it is now but it is urgent to expand SDI's structures and install leaders who are able to think bigger. It doesn't need a one-man army, it needs a competent M&A team to take care of the M&A business so that the CEO and CFO can take care of the core business and strategic direction. It's about taking the existing business global and opening up new regions. It is about increasing cash generation and optimising structures to increase FCF release to turn the M&A wheel faster. As long as Mike tries to manage everything on his own, I see considerable risk. It is about taking SDI to the next level and I have lost faith that Mike Creedon will be the right man to do it. I respect Mike Creedon for what he has done and the value he has created for SDI shareholders but I see SDI facing huge structural challenges in the face of the RF environment which has changed massively and which are not yet included in the share price Let's wait until the share price is in the 100p range. |
Posted at 05/6/2023 13:50 by worldwidet FinnCap (the broker closely guides by SDI management) expects only GBP 4.4m FCF for the current FY23. This means that SDI would still be trading at 30 times FCF at the current share price 131p.Still no acquisitions in the current calendar year 2023. SDI would have to turn the M&A wheel much faster. SDI would have to make 4-6 acquisitions annually and thus constantly increase the FCF and the annual acquisitions. But SDI is not making the much-needed progress in acquisitions because they are not creating the necessary M&A structures and lack the financial resources. Everything at SDI is focused on one person, Mike Creedon. Mike is pretty much handling the M&A activity on his own, but SDI urgently needs to build a competent M&A team that is focused on M&S networks and M&A execution so that the CEO and the leadership team can focus on strategy alignment and organic growth to grow FCF organically. Mike is resting on his laurels but SDI has been stagnant for 3 years and FCF is actually declining. If SDI does not manage to expand the M&A structures and build a competent team to minimise the one-man risk of Mike Creedon, I see serious problems. The valuation with the 30 x FCF is still far too high. If the FCF continues to suffer in the coming recession as organic growth shrinks, the valuation will rise even further. The share price would have to fall to 90-100p to offer an adequate risk premium. |
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