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Silverdell

May 2012

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:
  • SID
  • Price:
  • 9.75p
A respectable enough trading update ahead of  H1 results due on 13 June. This said revenues will be 5% ahead although profit will be down slightly. Silverdell says the reason for this is that a new era is about to begin and has made two senior hires from nuclear specialist Hertel, which should accelerate its progress in the industrial sector. It also points out that the order book is £117m, a record for the group and up 70% year-on-year.Finncap forecasts eps of 1.6p for the full year with 1.8p next, to drop the PE to 5.5. Await results. ...

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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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