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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 66.00 | 101,842 | 15:18:47 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 65.00 | 67.00 | 66.50 | 65.00 | 66.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Coml Physical, Biologcl Resh | 67.58M | 3.87M | 0.0372 | 17.74 | 68.67M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:01 | UT | 16,000 | 66.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 23/7/2024 | 13:00 | UK RNS | SDI Group PLC Notice of Results and Investor Presentation |
| 04/7/2024 | 11:45 | UK RNS | SDI Group PLC Holding(s) in Company |
| 03/7/2024 | 16:25 | UK RNS | SDI Group PLC Holding(s) in Company |
| 23/5/2024 | 11:30 | UK RNS | SDI Group PLC Holding(s) in Company |
| 20/5/2024 | 09:57 | ALNC |  SDI profit expected to slump 32% despite trading uptick in second half |
| 20/5/2024 | 07:00 | UK RNS | SDI Group PLC Trading Update |
| 03/4/2024 | 14:15 | UK RNS | SDI Group PLC Exercise of Share Options and Total Voting Rights |
| 18/3/2024 | 12:49 | UK RNS | SDI Group PLC Holding(s) in Company |
| 18/3/2024 | 07:00 | UK RNS | SDI Group PLC Director/PDMR Shareholding |
| 08/3/2024 | 15:15 | UK RNS | SDI Group PLC Holding(s) in Company |
Sdi (SDI) Share Charts1 Year Sdi Chart |
|
1 Month Sdi Chart |
Intraday Sdi Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/7/2024 | 13:50 | SDI - Designer and Manufacturer of Scientific Instruments & Technology Products | 2,199 |
| 01/3/2021 | 14:09 | SDI - Global & Niche imaging portfolio for scientific & medical users | 1,842 |
| 02/8/2019 | 09:51 | Scientific Digital Imaging - with charts & news | 55 |
| 08/7/2017 | 17:53 | Scientific Digital Imaging | 18 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:35:01 | 66.00 | 16,000 | 10,560.00 | UT |
| 2024-07-26 14:32:14 | 66.96 | 600 | 401.76 | O |
| 2024-07-26 14:18:44 | 66.00 | 25,000 | 16,500.00 | O |
| 2024-07-26 13:59:29 | 65.98 | 5,000 | 3,299.00 | O |
| 2024-07-26 13:56:58 | 66.00 | 25 | 16.50 | O |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 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 66p.Sdi currently has 104,050,044 shares in issue. The market capitalisation of Sdi is £68,673,029. Sdi has a price to earnings ratio (PE ratio) of 17.74. This morning SDI shares opened at 66.50p |
Posted at 22/7/2024 09:23 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 10:37 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 11:04 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 07:51 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 20:25 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 12:47 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 24/8/2023 07:57 by worldwidet I would have found it expedient to replace the CEO. Mike did his job at SDI and paved the way for retirement when he sold almost all his shares.A new CEO capable of taking SDI to a new level would have been better in my view. I have my doubts whether Mike Creedon is capable of taking SDI to the next level. Mike is the type who likes to just keep doing what he is doing but that will not be enough at sdi. The next 10 years will be much harder for SDI than the last 10, but let's just wait and see what happens. Currently I see no reason to buy here. Neither do the executives, for that matter. Large institutional investors have sold under large volumes. Currently, the stupid small money is buying the share price shakily upwards under low volume. I expect much lower share price in SDI in the coming recession and a market-wide sell-off when large institutional investors have to adjust their risk budgets into 5% safe bond yields. |
Posted at 06/6/2023 09:11 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 14:50 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. |
Posted at 13/4/2023 11:14 by worldwidet I do not see any relevant risk for SDI in the fact that Mike will eventually retire. Mike is a very smart guy and I trust him to find a worthy successor. It could even be a great opportunity for SDI if Mike were to retire as CEO in the next 5 years and become Chairman of SDI, leaving the operational business to a CEO who is willing to think bigger.Mike has done great things at SDI and what I write should in no way diminish his achievements! However, SDI faces very significant structural challenges that roll ups and serial acquirers inevitably bring when they get bigger. SDI's organic growth has slowed massively in recent years. The extreme growth has mainly been supported by the special factors of Covid in combination with some good smaller acquisitions. Now, however, SDI is struggling to increase FCF strongly enough because organic growth is cooling off too much and there is too little liquidity available to turn the M&A hamster wheel faster. With what liquidity should SDI make 6-8 acquisitions per year to keep M&A growth at 205 and how can SDI integrate all the companies with the existing structures into the group to get organic growth back into the high single digits? When interest rates are close to zero, as they have been in recent years, and companies can obtain credit very cheaply and consumers are in a spending mood due to cheap money, the economy and companies can grow well. But the general conditions have changed by 180 degrees. Companies pay interest rates of 5-6% and consumers sometimes no longer get loans at all or only at very high conditions. The highly liquid bond markets have priced in a deep recession for the next 8-16 months, which I personally think is very likely. SDI's organic growth has already been severely curtailed over the last 3 years in a well performing economy and SDI is struggling to generate free cash flow. I think in a recession, when companies massively cut back on capital expenditure and consumption collapses, SDI will experience even bigger problems in FCF generation, which will have a very negative impact on M&A opportunities and thus M&A growth. SDI is dependent on an ever faster turning M&A hamster wheel and I do not currently see the structures and the financial framework to turn this M&A hamster wheel faster in order to be able to maintain the growth target of ~28% p.a. announced by management, which is currently expected by investors at prices around 160-180p. It remains exciting. But I see a strong recession coming at a price of 160-180p and that is not priced in. My personal opinion. |
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