Silverdell Share Discussion Threads

[kimboy2] 22/5/2013 12:09

It is best to ask the company.

However the date of 29/4/13 is the date on which they filed some directors change of details at Companies House. It may be connected.

[rat attack] 22/5/2013 12:02

You need to look at the notice behind the announcement. I dont subscribe. Usually used to list all bankruptcy, winding up notices etc, but need to read notice to see what it is and effect on Silverdell.

[steamy001] 22/5/2013 11:48

Again Anyone know what the notice in the London Gazette on Silverdell was about, Issue number: 824127 Page number: 1396, I was considering a small position but not until after i get an answer on this point.

[kimboy2] 22/5/2013 11:37

It does seem an extraordinary way to announce a fund raising.

[blippy2] 22/5/2013 11:31

Paul Scott comments on stocko today: "The company needs to issue a statement to confirm or deny this [fund raising], in my opinion, as a material move in share price has happened and it's unsettling investors. In my opinion it's a sound company, so I picked up a few shares this week at an average of 14p, as a long-term position. Only small though."

[steamy001] 22/5/2013 10:43

Anyone know what the notice in the London Gazette on Silverdell was about, Issue number: 824127 Page number: 1396, I was considering a small position but not until after i get an answer on this point.

[bookbroker] 22/5/2013 09:56

Although a holder here, I think my time as a shareholder increasingly limited, evidently a co. with great team of demolition expertise, but what use when you have to pay cos. to do their dirty work for them with the existing terms that most set. Seems a lot of hot air emanating from the board, but the market price tells the true story, in other words directors once again deparately trying to placate shareholders in to keeping them in a job!

[shanklin] 22/5/2013 09:44

The large sales at 17p have worked out rather well for Mr McGee.

[drewz] 22/5/2013 01:17

drewz
25 Apr'13 - 14:30 - 1209 of 1253 0 0 edit


Destined to return to 12p - 14p range here in short-term, as irrational exuberance dissipates.

[sirmark] 21/5/2013 23:18

Topped up today 150,000 @ 13.75

Bounce due, cracking business and happy to hold long term

[rat attack] 21/5/2013 11:22

agreed, but what do you expect when greedy analysts demand growth = not just risk of rights issues to cover working capital. For goodness sake who actually runs these companies!!

[nurdin] 21/5/2013 11:09

This is crazy....

[rivaldo] 21/5/2013 09:49

Agreed Adam, but the Shares Magazine article was (from memory) pretty definitive in noting that funding for larger contracts would be via other means than equity.

The opportunities for SID are indeed global and immense, which is why there's been this debate about how such a growth rate will be funded. Personally I'd be happy with 7%-8% initially and building up the business slowly towards the mooted 15%, but others would disagree with that. If the opportunities are there then perhaps they should be taken.

This could just be as simple as a fund/institution taking profits - there are plenty of us around with entry points at around 10p-11p.

Interesting to see how quickly it bounces.

[adamb1978] 21/5/2013 09:29

Share price down almost 10% this morning - I didnt ever think this would get down towards my 13p entry price! Anyone seen any news?

I assume something has leaked regarding an equity raising. Personally, as long as the discount is narrow, then I'm not too bothered about them raising further financing and would use it as an opportunity to top up

[bookbroker] 21/5/2013 09:28

Although a holder here, it's beginning to smell odious this one, first and foremost when the co. puts out positive statements such as they have recently and the share price falls I'm always suspicious, does seem that Edison is correct that the co. is undercapitalised, all well and good buying up complimentary businesses, but not much use if you cannot afford to take on the projects behind the takeover rationale, this co. cannot keep issuing stock as it's share price already heavily diluted, until they can prove their ability to be able to see a return on these contracts then the above statement far to optomistic, words like' global and immense' do not apply here!

[rivaldo] 21/5/2013 09:19

Bargain time here. As AdamB1978 says, for investors with a decent timeframe this is cheap, cheap, cheap imho.

Forecasts range from 1.7p-2.1p EPS for the year ending in just 4 months' time, with 2.1p-2.3p EPS for 2013/14.

And prospects for the business going forward are global and immense, with, as the directors have said, funding likely to come from debt and other sources rather than via dilution.

[saucepan] 20/5/2013 22:08

Out for now, earlier today. Good call, Woodcutter.

[adamb1978] 20/5/2013 21:17

Wish I had the opportunity to top up. The comment about them being able to grow at 8% based on current capital has been known for a while. I guess whether you should have sold a couple months ago depends on whether you are an investor or a trader. Personally, I view myself as the former and would be very happy to buy more at current levels - my views is that in the medium term I would be quids in

[deej4y] 20/5/2013 19:20

Link to the report

[puku] 20/5/2013 13:03

Latest Edison report suggests Silverdell needs extra capital to fund expansion and without this - growth wil be limited to 7-8% instead of 15%. So may explain share price weakness - Woodcutter did well to sell. One of my larger holdings and will await Interims.

[rivaldo] 09/5/2013 11:53

Cheers Cheshire Man. Interesting that "The project is believed to be the first to be undertaken of its kind in the UK".

The interims will be announced on 5th June, so not long now. We already know they'll be nicely in line with expectations, and the outlook is very encouraging:

"Summary and Outlook

A strong order book gives the Board confidence for the future and in particular its expectations for the financial year ending 30 September 2013, which remain unchanged. The Group has a strong pipeline of work, and sees compelling opportunities for growth in both domestic and overseas markets where it can build on the foundations of strong customer relationships."

[cheshire man] 09/5/2013 09:11

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