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Sondex

January 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SDX
  • Price:
  • 228p
Sondex, which designs and supplies oilfield technology, is continuing to benefit from high crude prices which are encouraging oil operators to invest in maximising productivity from existing wells. Against that backdrop, Sondex’s expansion is being driven by new product sales and geographical expansion, especially in China and Russia, as well as acquisitions. This month saw more of the same, with the company making a bolt-on acquisition of Applied Electronic, for which Sondex is paying US$13m (775,662 new shares plus $10.1m cash) with a deferred consideration of up to $1m based on future performance. AE was established 20 years ago and has been growing at an annual 15% clip in recent years. In the nine months to 30th Septem ...

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Related Articles

Sondex (June 2005)
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Sondex - A class act in the oil technology sector (July 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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