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Interesting to see just now 10k shares bought at a fraction under 50p - a full 2p above the published 48p offer price.
Bought some today
Thanks for sharing that, will continue to rebuild my position at these attractive levels...
There's a terrific post on ADVFN (post 517) from "hastings" who's spoken to the CEO and Chairman about the latest update:
Https://uk.advfn.com/cmn/fbb/thread.php3?id=44235893&from=517
For my part, it seems to me that some have overlooked SDI's statement that "At least four of our production units are providing their customers with components for medical and scientific products used in the fight against COVID-19".
Great too to see it confirmed that SDI are still looking to make acquisitions, and from their own resources (dismissing the need for any cash from shareholders).
The lockdown is already starting to lift in certain areas. With SDI heavily biased towards the critical health and biotech sectors it won't take long for those markets to normalise.
Agreed. It's very impressive that results through to the end of April are expected to be in line with expectations.
There's obviously been "some disruption", but all factories are operating, the group is cash-generative and profitable, and some areas are benefiting from COVID-19. I'd be surprised if anyone sensible was expecting anything different - this is as good as could have been expected.
“SDI currently has all factories in operation and has so far remained both profitable and cash generative. ”
Happy holder!
Moving up strongly yesterday and today - there was a seller around, but he looks to be well and truly out now.
Firstly, Syngene (part of Synoptics) have tweeted this:
"We have been working in partnership with @aircleansystems to supply #COVID19 testing facilities with PCR Workstations in response to the ongoing #Coronavirus outbreak"
Https://www.syngene.com/product/combination-pcr-workstation-2/
Secondly, Atik Cameras are working at capacity due to demand for their cameras which go into equipment that are used in Labs and Hospitals - and it's also likely that demand for their astronomy-related activities will stay firm given the need for things to do during this pandemic, particularly with less pollution around and clearer skies:
https://www.atik-cameras.com/news/covid-19-an-update-from-our-md/
"I would like to share with you the way in which Atik are responding to the current situation.
Last week we posted the above video showing the new production facility we have in Lisbon, Portugal. Rui Tripa (our production manager) mentions during his tour that we make cameras to go into equipment that are used in Labs and Hospitals. In fact every day 1000’s of virus tests are completed round the world using equipment with Atik cameras inside. This is something we are immensely proud of. Demand for new equipment has of course increase and we are currently prioritising production for our customers in research or diagnostic applications and are working at capacity. Rui and his team have done a fantastic job to put equipment and procedures in place to allow this production to continue within guidelines.
In our UK offices we have most people working from home with a skeleton staff keeping the core of our business functioning. Indeed it’s so strange to see a normally packed building so quiet.
Of course this has some knock on effects for our astronomers. We have had to stop our development and production of the upcoming CosMOS camera as we just don’t have the capacity to bring a new product to market at the moment. Better news is that we still have high levels of stocks of our existing range including the Horizon II, Atik 460ex, and Atik One cameras.
Astronomy and astroimaging are one of the hobbies that can still be enjoyed with the current restrictions. Not being able to travel to dark skies need not be an issue, rather a reason to try narrow band imaging. We do have a full range of filters available for use with our cameras. Vince, Andrew and myself will keep monitoring our forum, emails and social media channels so please stay in touch. Also Chris is working on a significant update to our Dusk software and Amy plans to have the Atik imaging competition open shortly.
Good to see buying just now at 45.5p and then 46p - well above the 45p published offer price.
Long way to go yet rivaldo. We're not out of this yet.
Plenty of volume - looks like the dam has broken. 170,000 shares just bought at 42.5p, and also just now 20,000 shares at 44p - a full 1p above the 43p published offer price.
rivaldo, It's marked as unknown trade regarding 'buy' or 'sell'
Nice 150,000 share buy at 39p. About time for a big bounce here.
Interesting to see my 'sell' showing as a 'buy'. You can't belive anything any more.
Are we going bust here? Must have fallen 65% now in 6 weeks?!
I was under the assumption this collection of businesses would be able to keep running albeit possibly at a reduced rate, but the price action is starting to worry me.
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looks likely to give a 20 or 30% moving forward.
Added more
Bought more today
yes it was in moneyweek, after which and a bit of research I've just bought a tranche here, lets see how it goes.
Tipped to be a 10 bagger in last week's Money Week magazine. Will post more details when I have time.
Finncap today issued a new 14 page report on SDI - they've raised their target price to 105p (from 75p) and say Buy:
https://investing.thisismoney.co.uk/broker-views/
I've sat tight in the pull back, expect to hold these for some time yet.
There should be an easy bounce here. Anyone looking at the long-term chart should be reassured.
The share price has retraced from its all-time highs partly as SCSW needed to raise some cash in its Growth Portfolio to buy some new investments, and since SDI was a 344% gainer it merely top-sliced a third of its holding. Some readers have probably followed in taking a little profit.
I would have thought the coronavirus would only increase demand for a number of SDI's products - around the world - given the need for analysis, testing etc!
Robbie Burns - The Naked Trader
John's Investment Chronicle- he has a monthly feature in Investor's Chronicle in addition to his own site.
Good to see this share rise gradually and steadily.