SDI Group Share Price (SDI)

Already up another 2p today on a quiet Friday to 63p.

Cavendish's forecasts are for historic 5.8p EPS, with a rise to 7.4p EPS in the current year.

Hopefully the trading update will confirm that trading for the year just ended was in line. If the outlook is merely cautiously encouraging too, then there could be a big relief rally given a current year P/E of only 8.5, whereas on such a low multiple any downside should be relatively limited.

Moving up nicely now, rising 3.5p, witha 33,800 share buy just now paying the full 59p offer price - which hopefully implies not much stock around.

Loads of little buys the past few days has given the share price a slight rise...for a massive 62k sell goes thru a few days before TU?

SDI have confirmed on their web site that the trading update will be on the 20th - next Monday.

Which is I suppose mildly encouraging for the optimists here since Monday updates are on the whole more positive than (say) Friday updates!

Plus if anything was materially wrong then SDI would have been obliged to announce something already:

Https://sdigroup.com/investors/financial-calendar/

It wasn't 200p + in a high interest / high inflation environment. The price started tumbling from that high once it become clear inflation was materializing and the business had a fair bit of debt and no cash for acquisitions. It's been on a downturn for a couple of years now. Throw in the lack of director buys and the major forecast misses / write-offs in the last year or so and it's guesswork as to what fair value is here and whether they can get back on track. The next trading update which should be due anytime soon will be telling.