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Primary Recommendation

Sondex - A class act in the oil technology sector

July 2004

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:
  • 191p
Shares in Sondex have moved to new highs recently, but are still only at a small premium to the price at which they joined the Full List in June '03. At that time, the group's mainstay was the  design and production of a range of down-hole logging and inspection equipment for the oil and gas industry.Two things have been driving the recent share price strength. The first is a rising appreciation that stronger oil prices have made it increasingly important for operators to maximise recovery, extend the production life of their existing assets and reduce operating costs. The second is the acquisition last month of Geolink, a world leader in directional drilling equipment, which has substantially enhanced earnings.< ...

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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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