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.

RS looks like its time to buy in for th TAers.

Back in the blue again.

Results not that far away, moving up in anticipation.

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.

New coverage Broker note from Edison. makes good reading.

http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=786

Back to top, because its worth it.

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.

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

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.

Chart needs to hold here IMO, gf.

Never mind the chart Big A, this ones far too cheap and in time Ill be proved right.

Indeed, gf, but I find that to pick your ins and outs by TA really maximises your profits. I know you disagree, but each to his own.

The phrase "fundamentals always out" was destroyed during the tech boom IMO.

Again were going to have to disagree BA as fundies during the tech boom eg, Baltimore Tech trading on a P/S of well over 100 let alone making a profit pointed to the very fact that a BUST was imminent, as was the case with the whole market.

And this was while the TA brigade focusing on their charts were primarly looking at new tops and momentum and suggesting SPs could rise forever.

Anyway still think its far too cheap on a forward P/E of 13 to sept 2008.

Too cheap yes, but she's rolling over so be rpepared for a wee hit. Simple!

Doesnt bother me Al.

Best of luck mate.

I know.

Positive today.

Intriguing. 2 MM's with CSCS trying to push it up, but WINS not budging for some reason. Been watching closer than normal all morning, gf. Strange.

Yep Al, cant get my head around this one.

Mind strange things hapen in the summer months.

Cant wait for a summer hol, im dead on my feet.

You going anywhere nice?.

Just noticed relative strength is saying BUY.