Updates

SDI Group

September 2023

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.

Having spoken to Instem’s (INS; 825p) management just a couple of months ago ahead of a potential write up in due course, this month’s bid at a 40% premium was not helpful. And with Abcam and Ergomed (ERGO; x1350p) also getting taken out at a huge bid premiums the same month, there are signs of life within the life sciences sector. During the month SDI reported FY23 results with sales up 36% to £67.6m although adjusted pretax profit (before goodwill impairment) and eps were broadly flat at £11.8m and 8.4p, respectively, on a higher tax charge. But as I have mentioned before, the last two years have been somewhat distorted by a significant one-off contract, which has come to an end. The contract, held by Atik Cameras divisio ...

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Essentra

Virgin Wines - Beneficiary of high interest rates

SDI Group (January 2024)

SDI Group (December 2023)

SDI Group - Largest acquisition to date (November 2022)

SDI (September 2022)

SDI Group - Two more acquisitions (May 2022)

SDI Group (January 2022)

SDI Group (July 2021)

SDI Group - Shares jump 58p on month; gain 710% (March 2021)

SDI Group (January 2021)

SDI Group (December 2020)

SDI Group (September 2020)

SDI Group (May 2020)

Scientific Digital Imaging - Buys Chell for 5.5x operating profit (January 2020)

Scientific Digital Imaging (August 2019)

Scientific Digital Imaging (July 2019)

Scientific Digital Imaging (May 2019)

Scientific Digital Imaging - OEMs driving rapid sales growth at Atik, Sentek and Graticules (March 2019)

Scientific Digital (January 2019)

Scientific Digital Imaging (October 2018)

Scientific Digital Imaging (August 2018)

Scientific Digital Imaging (February 2018)

Scientific Digital - Bolt-on acquisition (September 2017)

Scientific Digital Imaging - Shares break sharply higher following last months tip (March 2017)

Scientific Digital Imaging (February 2017)

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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