goldfinger
- 08 Jan 2007 11:42
Ive just come across this one in the last few days and have been very impressed by what I have seen so far. Hardly had a mention in the market world and floated middle of last year.
As a good and proven management team , looks cheap on fundies and is acquiring quality bolt ons in the fragmented market it serves.
Chart looks very sound and the company is profitable.
Fundies are...
P/E of just over 14 to end of Sept 2007 and a P/E of just over 11 and a PEG of 0.5 to end of sept 2008.
Looks very much like a new Worthington Nicholls.
Very similar to the admission document...
http://www.investegate.co.uk/Article.aspx?id=200606230700300600F
Web site.....
http://www.silverdell.co.uk/homepage.asp
Chart.
DYOR.
goldfinger
- 02 Apr 2007 09:04
- 134 of 213
News on AGM..
Silverdell PLC
02 April 2007
Silverdell Plc - Annual Report and Accounts
TIDM SID
Silverdell PLC
2 April 2007
Silverdell Plc ('Silverdell' or the 'Company')
Annual Report and Accounts 2006
Silverdell announces that printed copies of the Annual Report and Accounts for
the year ended 30 September 2006 were distributed to shareholders on 2 April
2007 together with the notice of Annual General Meeting and form of proxy. An
electronic copy of the Annual Report and Accounts 2006 will shortly be available
on the Company's website (
www.silverdell.co.uk
) and in the meantime will be
available free to the public from the Company's registered office at 20 Black
Friars Lane, London, EC4V 6HD.
The Company's Annual General Meeting will be held at 10.00 a.m. on 17 May 2007
at the offices of DLA Piper UK LLP, 3 Noble Street, London, EC2V 7EE.
For further information, please contact:
Silverdell Plc
David Williams, Chairman
0207 248 0802
Collins Stewart
Simon Atkinson
0207 523 8000
- End -
goldfinger
- 03 Apr 2007 10:11
- 135 of 213
Prospective P/E of just over 16 to end of September this year dropping down to 13 next year and a PEG of 0.8.
Still looks good value.
Big Al
- 04 Apr 2007 12:55
- 136 of 213
Silverdell PLC
04 April 2007
Silverdell Plc ('Silverdell' or the 'Company')
Directorate Change
4 April 2007
Silverdell, the leading UK asbestos services provider, is pleased to announce
that it has today appointed Chris Sims as the Company's Finance Director,
effective immediately.
Chris (50) brings over fifteen years of PLC experience from the construction and
support services sectors. From 1999 to 2007 he was Finance Director and Company
Secretary of Brandon Hire PLC, one of the UK's leading tool hire companies.
During Chris's time at Brandon Hire he oversaw the growth of the business from
turnover of 23m to 57m and negotiated and integrated around 20 acquisitions.
From 1988 to 1999 he was Finance Director at Bakers Dolphin (a South West based
travel agency chain) and helped grow the business from a turnover of 20m to
100m.
David Williams, Chairman of Silverdell said:
'As we continue to develop Silverdell it is important to strengthen our Board.
I am therefore extremely pleased to announce the appointment of Chris Sims.
Chris brings with him experience in both the construction and support services
sectors. He has also been involved in many acquisitions which will be of great
assistance as we continue to target other businesses and build on the success of
the acquisitions completed since the listing of the Company on AIM in April of
last year.'
Save as disclosed below, there is nothing further to disclose in relation to the
appointment of Chris Sims under schedule two, paragraph (g) of the AIM Rules:
Current directorships/partnerships:
Bakers Coaches Limited
John Cabot Ventures Limited
Hire Association Europe Limited
Directorships or partnerships in the last five years:
Brandon Hire PLC
Chris Sims beneficially owns 25,000 ordinary shares of Silverdell Plc.
Big Al
- 04 Apr 2007 12:55
- 137 of 213
I top sliced this morning
goldfinger
- 04 Apr 2007 14:01
- 138 of 213
Looks like theyve brought him in to spearhead the acquisitions they have talked about in the past.
Looks very good news.
Big Al
- 04 Apr 2007 16:01
- 139 of 213
Agreed
Madelin
- 04 Apr 2007 18:39
- 140 of 213
Yes
goldfinger
- 05 Apr 2007 10:16
- 141 of 213
Ideal time to buy in Id say (well I would) but new FD appointed AGM coming up and this from yesterdays RNS statement re - to the new recruit.....
"He has also been involved in many acquisitions which will be of great
assistance as we continue to target other businesses and build on the success of
the acquisitions completed since the listing of the Company on AIM in April of
last year".'
All points to further expansion and growth.
goldfinger
- 16 Apr 2007 09:42
- 142 of 213
Started off positive for the week.
Still trades on a cheap P/E of just 13.6 to end of sept 2008. PEG of 0.8
Its a steal.
goldfinger
- 16 Apr 2007 13:09
- 143 of 213
Nudged up a little more.
goldfinger
- 02 May 2007 13:20
- 145 of 213
Back in the blue again.
goldfinger
- 04 May 2007 12:40
- 146 of 213
Results not that far away, moving up in anticipation.
goldfinger
- 21 May 2007 12:10
- 147 of 213
A slight pull back today and trading on a P/E of just over 13 going into august 2008.
Cheap and I think we may get buying going up to the results.
goldfinger
- 24 May 2007 12:18
- 148 of 213
New coverage Broker note from Edison. makes good reading.
http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=786
goldfinger
- 24 May 2007 23:26
- 149 of 213
Back to top, because its worth it.
goldfinger
- 12 Jun 2007 10:46
- 150 of 213
Sound solid results this morning with a confident outlook statement. Looks way undervalued.....
Silverdell PLC
12 June 2007
12 June 2007
Silverdell plc
('Silverdell' or 'the Company')
Interim Results for the half year ended 31st March 2007
Silverdell plc, the UK's leading supplier of asbestos removal and consultancy
services, announces today its first full set of interim results since its
successful flotation on the AIM market in July 2006.
Highlights
* Turnover of 15.6m
* Operating profit before goodwill amortisation and share based payment
charge of 1.8m
* Adjusted earnings per share of 3.5p
* Acquired Redhill Analysts Limited ('Redhill'), completed on 31st December
2006 for a total consideration of up to 10.3m
* Established a unique market position as one of the largest players and the
only consolidator
* Awarded Specialist Contractor of the Year (Asbestos Removal) at
Construction News Awards (May 2007)
* Appointment of Chris Sims as Finance Director
Danny Spicer, Chief Executive, commented:
'We have a first class team and a clear and focussed strategy. During the
period, Silverdell has made significant progress in all areas of its strategy
including the Redhill acquisition. We remain committed to continuing to deliver
on the milestones set out during our IPO, and we look forward to the future with
confidence.'
For further information, please contact:
Chris Sims, FD, Silverdell 020 7004 2744
Jonathon Brill, Billy Clegg, Financial Dynamics 020 7831 3113
Chairman's Statement
I am pleased to report our first full six month results as a listed company. For
the half year ended 31 March 2007 we generated an operating profit before
goodwill amortisation and share based payment charge of 1,836,000 (2006: nil)
and of 1,151,000 after goodwill amortisation and share based payment charge
(2006: nil) on turnover of 15,580,000 (2006: nil). With 35.72m shares in
issue this produces basic earnings per share of 0.8p (2006: 0.0p). Adjusted
earnings per share (as defined in note 5) were 3.5p (2006: 0.0p). The
comparative period covers the one week period from the date of incorporation 24
March 2006 to 31 March 2006 as Bow Lane Capital PLC.
During the period under review we acquired Redhill Analysts Limited ('Redhill'),
a long established and well respected asbestos and environmental consultancy
business. This acquisition completed on 31 December 2006 for an initial
consideration of 8.8m (including costs of 0.5m), plus a maximum deferred
contingent consideration of 1.5m. Its business has the benefit of a broad
service offering with revenue from the cyclical surveying work being
approximately equal to that generated by site supervision and air monitoring.
Our aim in making acquisitions is to combine businesses that will provide our
customers with the most efficient and wide range of services and to eventually
become a 'one stop shop' for all their asbestos requirements.
Both Redhill and Silverdell (UK) Ltd, the business acquired in July 2006, have
performed very well during this period under review and the management and staff
of both businesses should be congratulated on coping with the increased workload
whilst adapting their businesses to life as a part of a quoted company.
The asbestos marketplace continues to provide plenty of work and it is clear
that with regulation creating even greater awareness of the problems caused by
asbestos, the business has a lot more potential to grow during the coming years.
The significant investment made in staff training and health and safety enables
the group to remain at the forefront of our industry, a fact recognised by the
award of Specialist Contractor of the Year (Asbestos Removal) at last month's
Construction News award ceremony.
It is clear that with our experienced and hard working team we expect to see our
company grow both organically and by appropriate acquisitions. We look forward
to delivering our shareholders a good result for the coming six months and
beyond.
goldfinger
- 16 Jun 2007 00:07
- 151 of 213
New Broker note out, certainly worth a read, just click on the PDF file in top right hand corner of page...
http://www.edisoninvestmentresearch.co.uk/research/category/Silverdell
goldfinger
- 26 Jun 2007 14:50
- 152 of 213
BBs giving these away at the moment, derd cheap.
ForwardP/E to sept 2008 is 13.5 PEG is 0.3 and increase in earnings per share are forecast at 51%.
TOTAL STEAL, considering its the market leader in a nich business.
Big Al
- 26 Jun 2007 15:03
- 153 of 213
Chart needs to hold here IMO, gf.