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Terrific news:
https://uk.advfn.com/stock-market/london/sdi-SDI/share-news/SDI-Group-PLC-Trading-Update/83509748
Pre-COVID estimates were for 4.3p EPS - a notable 16% up on current forecasts.
And given the confidence in achieving the increased estimates so early in the financial year, perhaps we might get further upgrades to come? Particularly as business returns to normality.
Furthermore, who's to say that these "one-off" COVID-related orders won't lead to further opportunities and relationships as well.
Two comments stood out for me from the webinar:
- there are "a number of acquisitions which could double the size of the company"
- every division is profitable and cash-generative despite COVID-19
A reminder that there's an online AGM and investor question webinar at 11.00 for everyone via InvestorMeet:
https://www.investormeetcompany.com/investor/dashboard
I bought in here in May at just under 50p and so far very glad I did. One of the only shares in my portfolio currently not only in the green but rising.
GLA
Extremely reassuring:
https://uk.advfn.com/stock-market/london/sdi-SDI/share-news/SDI-Group-PLC-AGM-Trading-Update-Investor-Meet-C/83312573
The important part of the update is actually exactly the same - word for word - as last year's AGM update, except that last year the Group had merely made a "good" start to the year.
Whereas this year the start to the year is "very" good.
So that's a subtle but encouraging one word addition!
Apparently SDI are featured in the IC this week, as one of 14 high quality small caps.
And Techinvest also promised they "will write more next month" on SDI after their brief introductory Buy tip last month. The next issue is due this Saturday.
In case anyone missed the RNS last week, SDI's AGM is to be on 23rd September, and there will be a live presentation and Q&A via InvestorMeet - so register because they're really good!
Https://www.investegate.co.uk/sdi-group-plc--sdi-/rns/posting-of-ar-a-and-notice-of-agm---replacement/202008261649452513X/
Life science/biotech/pharma companies globally have used the pandemic to raise hundreds of millions of pounds (perhaps even £billions).
Whatever the short-term effects of COVID-19, it seems to me that this large part of SDI's business in terms of supplies of equipment and consumables to labs and that sector in general is now likely to be booming for some time to come.
Just a random thought really - any other views welcome!
Hi Qd22, had a 10 day family holiday in the sun - I try to keep away from bulletin boards during hols to gain a bit of perspective :o))
A couple of other bits of news - firstly a new feature on Atik Cameras' usage in testing for COVID-19:
Https://www.atik-cameras.com/news/testing-for-covid-19-atik-cameras/
Conclusion:
"We now have thousands of cameras installed in diagnostic machines around the world, with these machines themselves undertaking thousands of tests per day. However, this merely scratches the surface of what our cameras can do in OEM applications, for more information about what our cameras can do for you please get in touch, and be sure to subscribe to our OEM newsletter to be the first to learn about our events, white papers, and cameras."
And more news re development of a new camera to be for sale by the end of the year:
Https://www.atik-cameras.com/news/the-atik-roundup-july-2020/
Welcome back Rivaldo. Been beginning to wonder what had happened to you!
Your usual useful info - thank you.
Techinvest had an introductory feature on SDI in this month's issue, in the "Market Miscellany" column.
Above all, they conclude that SDI are a Buy - and that they will "write more next month".
There's nothing that's new to long-term holders here. But they note that SDI are well positioned to benefit from "the global expansion of automation and in-process instruments, as well as medical and pharmaceutical research". And that they like buy and build models like SDI's, which offers strong potential growth as a consolidator in a targeted niche.
The InvestorMeet presentation from 24th July is online and can be listened to here:
Https://www.investormeetcompany.com/investor/meeting/final-results-for-the-year-ended-30th-april-2020
A few interesting points I jotted down:
- re COVID, MPB increased flow meter output from 150 per day to 500 per day at peak output for a large order fulfilment in July
- Atik Cameras' camera to detect COVID in labs will start shipping this month
- Atik have diversified away from astronomy with "significant growth in life sciences"
- hopeful for new new acquisitions this year from a large pipeline. Could make a smaller one from current resources, or a larger one might be part-financed by equity
- acquisitions have got to be profitable and cash-generative, with a strong management
- Mike is on the road this week looking at acquisitions. SDI acquired Chell Instruments after being appointed the preferred bidder from a list of ten interested parties
- an unusually high deferred tax charge disproportionately affected EPS growth last year
Along with their 100p target price, Finncap now forecast revenues increasing to £26.7m this year, from £24.5m last year, adjusted PBT rising to £4.4m (from £4.3m), and EPS rising to 3.7p (from 3.4p) with 4.1p EPS next year.
I suspect that SDI are being conservative with their outlook as always. They could have said that the outlook was too uncertain at this stage etc etc, as most companies are doing, but instead they're already able to say that this year's figures will be "at least" in line with last year's, which instils in me a degree of confidence about how things are progressing.
SDI Group PLC - Cambridge-based medical technology firm - Reports revenue of GBP24.5 million in year ended April 30, a 41% jump from GBP17.4 million. SDI pocketed a 4% organic revenue rise and a 36% boost from acquisitions. Pretax profit climbs 54% to GBP3.3 million from GBP2.1 million. Notes some units boosted by increased demand for medical products but others are facing uncertainty due to a downturn in orders.
Current stock price: 59.84 pence
Year-to-date change: down 23%
By Eric Cunha; ericcunha@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
yes. its a switch to his business.
SDI Group plc, the AIM quoted Group focused on the design and manufacture of scientific and technology products for use in digital
imaging and sensing control applications, announces that on 21 July 2020, it was notified that on that same day, Ken Ford,
Chairman of the Company, transferred 300,000 ordinary shares of 1p each in the Company ("Ordinary Shares") to Mintonview
Limited, an investment company wholly owned by Mr Ford.
Following this transaction, Mr Ford's total beneficial
Anybody have any idea why ... ? I'm still holding, I guess its some sort of Tax thing ... ?
Finncap have introduced new forecasts and a very nice 100p target price.
They support the theory that SDI will report revenue and profits "at least" in line with last year, i.e likely better than but at worst the same as. They go for 3.7p EPS rising to 4.1p EPS next year - though of course SDI are flagging more acquisitions, which should enhance earnings further.
It's interesting to see JDG's trading statement, which is also out (conveniently) today. They seem much more downbeat than SDI, and seem to have lost out all round from the pandemic, whereas SDI have benefited from COVID-19 in a majority of their divisions and are actually thriving in some cases.
Excellent figures indeed. The £4.3m adjusted PBT is ahead of expectations of £4.2m, and £24.5m revenues are a good £0.5m above forecasts.
The outlook looks good too, particularly this comment which suggests another 44% rise in adjusted PBT this year:
"For the financial year ending 30 April 2021 the Group expects to report year on year revenue growth and profits at least in line with FY20."
There's some lovely understated commentary along with nuggets of gold. You'd think that the COVID-19 business seems to simply balance the downturn in certain divisions, until you read that:
"Atik, which has worked with this OEM supplier for three years, has increased camera production for them by approximately 10-fold. Atik forecasts it will continue to supply at this increased rate for the next 6-9 months, enabling Atik production to continue at full pace."
And:
"MPB has worked with Penlon for 25 years and has increased its supply rate 20-fold to meet critical delivery timescales."
With SDI's non-COVID related business returning to normality, SDI could benefit from the double whammy of business as usual as well as COVID-19 related business AND new customers and sales resulting from the pandemic and increased awareness of SDI.
A decent set of results I'd say. Good strong cash generative business. What's not to like.
Full your boots :-)
this is well under the radar a mini judges scientific.RESULTS next week should beat market expectation.
Agreed Rivaldo, look at the sp since the Covid dip and we really haven't recovered as you'd expect esp compared to others in a similar field. I'll be topping up ahead of the results for a long term hold
Results confirmed for Tuesday 21st July:
Https://www.investegate.co.uk/sdi-group-plc--sdi-/rns/notice-of-results/202007090700084434S/
We already know that the results to 30th April will be nicely in line with expectations. Hopefully the outlook will reflect continued COVID-19 related sales in the majority of the production units, along with a return to normality for the rest of the business, which should be enough for the share price to resume its long-term advance.
I'm hoping for a "better than expected, considering the possible Covid complications".
This share has been hit hard by Covid, but I don't think it's justified. The trading update RNS from 23rd April was fairly positive in its outlook. The share price could easily return to 60+ with "inline" FY results, and surpass it with anything above that.
The last update said "The Group currently expects to announce final results for the year ended 30 April 2020 in July 2020."
So any time in the next month.
Anyone know when we're due an update? I'm very much looking forward to our next news.
Last year there was one 27th June. Here's hopin'.