Silverdell Share Discussion Threads

[rivaldo] 14/3/2013 11:39

Additionally, I note that online is very encouraging - I can only buy 30k maximum at 17.41p, but can sell 150k at 17p.

[rivaldo] 14/3/2013 11:21

Cheers David, looking forward to hearing reports on the presentations next Monday. I don't think I can attend, though there is a remote possibility.

The price is moving nicely upwards this morning anyway. Overhang cleared perhaps.

[davidosh] 13/3/2013 15:19

Well it looks like you all have lots of questions so lets work on getting them answered in the best way possible.

For those not aware Gervais Williams is a significant holder of Silverdell and it is his fifth largest holding in his Fund. Gervais is a highly respected small company investor and I am pleased to say he is coming to dinner next Monday with 70 other investors at our regular monthly Mello dinner in Beckenham.

So come along and ask Gervais questions from 7.30pm but even better Sean Nutley Ceo and Ian Johnson the FD have agreed to come along at 6.30pm to present to our huge group before Gervais takes the floor. It should be a great night for Silverdell holders and prospective investors.Just email me through the website if you can make it.

www.freesharedata.com/mello

[bookbroker] 13/3/2013 14:32

Yeah, about all of 2013's gains, v. annoying!

[phowdo] 13/3/2013 11:33

Still a great company, the shareprice just got a little ahead of itself is all. Had a few back today.

[adamb1978] 13/3/2013 11:01

I bought in 6 months or so ago around 13p and dont mind the dip as had been thinking about buying more

[greenroom78] 13/3/2013 10:50

I've added a few this morning, personally I think they look cheap going forward.

[bookbroker] 13/3/2013 10:00

Seems to be a lot of negative vibes about this stock recently, personally that recent trading statement suggested very little, disappointed about the settlement with Shaw, i hold this stock and will continue to do so, however the caveat for me is that although they keep saying they are negotiating many opportunities, the business of removing toxic waste is often fraught with difficulties, the danger of cost overruns apparent due to the complexity of certain contracts, so not a stock for those of a nervous disposition, one for the long haul I suspect!

[salpara111] 13/3/2013 09:26

Hmm,
Been watching this for a few months now but felt that the valuation was a bit ambitious for me.
An "in line" trading statement along with the bump in net debt mean that I will keep it on my radar but not in a hurry to get on board.
I don't understand why they are choosing to pay a pretty nominal divi at this stage rather than bolstering their working capital to take advantage of all the new work that they should hopefully be winning.

[rivaldo] 13/3/2013 08:26

Breaking news story today - 75% of all schools have asbestos, rising to 90% in some parts of the UK:



SID have a specialist Asbestos in Schools brochure:

[kinbasket] 11/3/2013 14:25

Quick Q for anyone at the AGM.

In Edisons "clipped wings" note they were making the point that SID are sitting on a massive opportunity but appear to be reluctant about pursuing it too aggressively. Did anyone get any idea of what the plan is going forward. Are they going to continue along the current path of organic growth or is the possibility of aggressive growth through acquisition and or further funding on the table ?

thanks.

[davidosh] 11/3/2013 13:50

McGee was only allowed to sell if approached with an offer. He was certainly not allowed to sell in the market as he was locked in. It may be that there are some sellers who saw the Agm statement and felt that the run up in share price had created an expectance that SID were 'ahead of' forecasts. Anyone who attended the Agm was given calm assurances that the business is in a good position for growth and nothing should be read into the McGee selling other than demand from intitutions which improves the shareholder base.

[saucepan] 11/3/2013 13:48

I have decided to take advantage of the weakness and am back in here at 17.4p.

[nurdin] 11/3/2013 13:48

Bought back what I had sold at 19p

[hippo] 11/3/2013 13:46

Yes, can see a profit warning coming in due course, got all the signs.

Never keen on companies who indicate how big their quote bank is, it's meaningless, especially when it does not seem to be converting to contracts.

[bookbroker] 11/3/2013 13:31

These looking decidedly tired at the moment, find it difficult to believe that the reason for McGee selling was as a result of institutional interest, must have been desperate to off-load before end of tax year!

[rivaldo] 11/3/2013 11:38

Since the March issue of SCSW is now out, I thought it might be useful to non-subscribers to post the update about SID from February's issue:



"Silverdell - Secures sizeable Canadian dismantling deal
18.4p Epic code: SID

(Sharewatch) Silverdell has been awarded a contract from Canada's largest electricity generator, Hydro Québec, for the decommissioning and parts re-sale of the old Tracy oil-fired thermal power station, built in the 1960s. The work includes the decommissioning of the facility, asbestos removal and the removal of around 37,000 tonnes of reusable plant and metals. In total the contract is estimated to be worth £12m to Silverdell and work will begin in Q2. Fincap leaves its eps forecast unchanged at £9.3m pretax and eps of 2.1p for the current year. Strong hold."

[kimboy2] 11/3/2013 09:26

I think that the EPS numbers are little changed from those given in an Edison report in February. I think these numbers incorporate a lesser figue than the 15% pa increase in revenues over the medium term projected in the strategic update.

[shanklin] 11/3/2013 09:08

At the AGM, was any reason given for the reduction in EPS forecasts at SID:
- by 0.41p to 2.05p for 2013, and,
- by 0.31p to 2.35p for 2014?

I always doubted the original forecasts which at one point for 2014, included an even higher forecast of 3p EPS, but why were they so high in the first place and are they now founded in reality?

If so, this now looks decent value.

[chrisg] 09/3/2013 12:29

Yes indeed. Apart from anything else, it removes a potential tap as well.

[hemel] 08/3/2013 18:15

You heard it here first folks! That aside, I expect that 17p is now a sound floor for SID.

[0rb1t] 08/3/2013 18:01

Now confirmed:

The Board of Silverdell was informed on 08 March 2013 that on that day, Andrew Owen McGee, a vendor of EDS Group Holdings Ltd, sold his remaining interest in the capital of the Company ("Ordinary Shares").

[davidosh] 08/3/2013 16:02

My broker claims the ex div date was 1st March.

Just for the record. We were told at the Agm that Me McGee was locked in unless he was approached by a keen buyer who would be able to then release the lock due to demand for the stock.

One could argue that if 17p was a fair unlock price for institutions then other smaller but possibly longer term investors could contest that they have the right to hold a 17p key to the rump of his holding. You are totally correct on the figures btw.

The moral of the story is that Agms are worth attending.

[shanklin] 08/3/2013 15:59

Just noticed a conflict between yesterday's update and the rns on 31-Jan-13 in terms of the dividend.

Yesterday's states:

The Board also confirms its recommendation of a maiden dividend of 0.175 pence per share, to be paid on 22 March 2013 to shareholders on the register at the close of business on 13 March 2013, subject to approval by shareholders at today's AGM.

The one on 31-Jan-13 states:

Silverdell PLC (AIM: SID), the Specialist Environmental Support Services group, confirms its board has recommended a maiden dividend of 0.175 pence per share, which will be paid on 22 March 2013 to shareholders on the register at the close of business on 1 March 2013 and is subject to approval by shareholders at the Company's Annual General Meeting which will be held on 7 March 2013.

All good fun. Cheers, Martin