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Sondex - Orderbook aheaf by 31%

November 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:
  • 205p
Sondex reported a 32% increase in sales to £9.7m for the first six months to 31 August, including a two-month £1.5m contribution from Geolink. However, Sterling’s climb to US$1.8 compared to US$1.6 the year before meant that reported revenue was £0.7m lower. In addition, three orders worth £1.5m for the National Iranian oil company were completed (and costs recognised) but as Sondex awaited letters of credit before shipment it did not book these during the period. With gross profit margins of c.50% this distorted performance but promises a bumper H2 - hence forecasts are unchanged.    What is now apparent is that Geolink, has been underinvested for a number of years and with Sondex push ...

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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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