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.

Thought TA was crap, gf. ;-))))

I've still got a few of these, although half the original holding.

Itl wake up again Al.

And it certainly as woken up again.

On a momentum run.

and on nil volume today. Hmmm. ;-)

Looks like a cracking deal to me..

Silverdell PLC
01 August 2007

1 August 2007


Silverdell Plc
('Silverdell' or the 'Company')

Acquisition of Kitsons Group Limited ('Kitsons')


Silverdell Plc, a leading UK supplier of asbestos contracting and consultancy
services, today announces the acquisition (the 'Acquisition') of the entire
issued share capital of Kitsons, a well established industrial asbestos
contracting business, for a total consideration of 14m on a 'debt free, cash
free' basis, thereby creating a truly nationwide specialist asbestos services
provider.

The consideration will be satisfied as follows: 4m drawn from an existing
facility with Barclays Bank; 8m from an equity placing of 5.33m new ordinary
shares at 150 pence per share to institutional investors; and 2m to be
satisfied by the issue of 1.33m new ordinary shares at 150 pence per share. The
new ordinary shares issued in connection with the Acquisition and the placing
will rank pari passu in all respects with the existing ordinary shares and are
expected to be admitted to trading on AIM at 0800 on 1 August 2007. Expenses
relating to the Acquisition will be met from existing cash resources.

The audited accounts of Kitsons Environmental Europe Limited, Kitsons's trading
subsidiary, for the year ended 31 December 2006 show turnover of 18.7m (2005:
16.6m), EBITDA of 1.7m (2005: 0.8m) and EBIT of 1.5m (2005: 0.6m). The
consideration of 14m payable at completion represents a multiple of 2006 EBITDA
of 8.2.

Kitsons provides asbestos removal, insulation and scaffolding services to the
nuclear, petrochemical and retail sectors, among others. Kitsons's blue chip
customer base includes an oil major, leading UK utilities, major building
contractors as well as local authorities. Kitsons has a 3 year asbestos licence
and a hazardous waste carrying permit as well as ISO 9001, 14001 and 18001
accreditations. A significant proportion of Kitsons's revenue is underpinned by
long term agreements.

Kitsons has approximately 270 staff and is head quartered in Warrington with
regional offices in Glasgow, Teesside and Birmingham and resident sites at
Aldermaston and Pembroke.

The Acquisition further strengthens the Company's service offering by combining
three leading brands in the asbestos services industry: removal and remediation
in the commercial (Silverdell (UK)) and industrial (Kitsons) sectors; and
asbestos consulting and air monitoring (Redhill Analysts). Following the
Acquisition, Silverdell has achieved its key strategic goal of nationwide
capability which includes a presence in high growth, specialist industrial
sectors such as nuclear.

Kitsons has an experienced operational management team led by Andy Watson, who
will be responsible for the day to day management of Kitsons and for growing and
developing the business. Peter Dolan, the vendor, will remain with Kitsons on a
consultancy basis.

The integration of Kitsons will commence immediately and the Company should
benefit from a number of cost synergies including the sharing of resources,
combined purchasing power and the local sourcing of labour. The Directors
believe there are also significant cross selling opportunities through
leveraging new and existing customer relationships between the three businesses,
which management of Silverdell intend to focus on particularly.

Danny Spicer, Chief Executive of Silverdell, commented:

'This is a very exciting acquisition for Silverdell as it enhances our
capabilities as the UK's leading, nationwide asbestos services provider as well
as giving us access to high growth, industrial markets. In addition, the
Company continues to execute on its strategy to consolidate the fragmented
asbestos services market. Kitsons is an excellent business with exciting growth
prospects and we look forward to welcoming its staff into the business.'





- Ends -



For further information, please contact:


Chris Sims, FD, Silverdell 020 7004 2700
Chris Howard, Ellen Francis, Collins Stewart Europe Limited 020 7523 8317
Jonathon Brill, Billy Clegg, Financial Dynamics 020 7831 3113





Notes to Editors



Silverdell is a leading nationwide supplier of asbestos removal and consultancy
services to both the private and public sectors. The Company was initially
listed on AIM as Bow Lane Capital Plc in April 2006. In July 2006 it acquired
Silverdell (UK) Limited for up to 22.2m, following which it changed its name to
Silverdell Plc. The Company acquired Redhill Analysts Limited, a provider of
asbestos consultancy, survey, air monitoring and contract management services,
in December 2006 for up to 10m.



Silverdell employs nearly 600 staff operating from 15 offices across the UK.
Silverdell (UK) Limited won Specialist Contractor of the Year (Asbestos Removal)
at Construction News Awards in both 2006 and 2007.


This information is provided by RNS
The company news service from the London Stock Exchange

Update...

Forward P/E to 30/9/2008 just a mere 11.5 PEG of 0.2 with projected EPS growth of 64%.

And these figure are without the recent acquisition taken into account.

This stock is far too cheap

From GCI.


Silverdell - BUY
Companies: SID
14/12/2007

The only quoted asbestos industry consolidator, Silverdell delivered encouraging first full year results to September, making pre-tax profits of 2.2m from 38.5m turnover.

Listed as shell company Bow Lane Capital in April 2006, the acquisition of South East-based asbestos remediation outfit Silverdell a few months later laid the platform for this groups expansion in a fragmented and legislation-driven sector. Silverdell has since gone on to make three further acquisitions in line with its corporate brief of creating a nationwide one-stop shop for asbestos services, including removal, remediation and consultancy.

These include Redhill Analysts, a high-margin consultant whose sales arise mainly from asbestos surveys, and Kitsons, a business bringing geographic branch coverage throughout the UK and an 'entr' into the buoyant nuclear and petro-chemical sectors. Post-year end, hotel sector specialist Swift Asbestos was bought in an earnings-enhancing complementary deal. Further select deals acquisition criteria are stringent are a certainty, though management is determined not to overpay.

The original Silverdell business, continuing to foster long-term ties with clients including Shell and Marks & Spencer, drove performance as one would expect, delivering an impressive 370% profits push to 4.6m from 30.5m revenues in another record year, whilst Kitsons made an early contribution. Redhills nine-month 700,000 profits input was a mild disappointment, reflecting a slower than expected summer and investment spend to ensure growth. For 2008, analysts are looking for significantly improved earnings of 12.3p (8.3p), placing the shares, recommended by Growth Company Investor at 160.5p, on an undemanding forward multiple of 12.4. Keep buying.

James Crux
Market cap: 62.04m
PE Forecast: 12.4
Share price: 152.5p

Interesting moves the past couple of days

More volume late on. ;-0

You know shummat we don't Al? :o)

Once more she bubbles under 10p.

Stuck this back of the close watch portfolio and considering a wee punt. High risk still, however.

Trading update this morning seems the best news SID have had in quite some time. Obviously leaked out over the past few days?

Well, I'm in at a suitable size. Two bites at the cherry today. High risk, though, I'll re-iterate that! ;-))

Good volume now.

.... geez your begining to sound like tabby , quid by xmas :-)

Minimum. ;-))))))

I'll also be topping up when it relists on PLUS at 2p. ;-0

lol

Research group Edison values the business at 25p.

Bought more of Silverdell last week - 12.7p Trading on 5x forecasts 2013v earnings which looks to low, since pre-tax profit is forcast to jump by 164% in the financial year to Sept 2013. A key reason behind the significant advance is Mays acquisition of industrial decommissioning-to demolition expert EDS. The first numbers for the enlarged group will be next months full year results (5 Dec) where Silverdale has indicated it will declare a maiden dividend. Analysts are looking for 0.2p for the initial
and 0.4p for the year ending 2013. The latter equates to a prospective 3.2% dividend yield. Much of Silverdell's work falls under non-discretionary spend where clients are forced by health and safety laws to remove asbestos or face hefty fines.EDS will help to improve the groups earnings visibility due to the nature of its contracts. The aquired business expands the groups skills and geographical reach and provides access to a loyal blue-chip customer base.Furthermore,it offers scope to work on higher -margin projects.

Final Results



Financial Highlights



· Revenue up 38% to £82.5m (2011: £59.7m)

· Gross profit up 27% at £20.4m (2011: £16.1m**)

· Adjusted EBITDA* up 51% to £6.2m (2011: £4.1m)

· Adjusted pre-tax profit* up 43% at £4.3m (2011: £3.0m)

· Adjusted EPS* up 7% at 1.5p (2011: 1.4p)

· Net senior debt (excluding lease finance) down £0.5m to £4.5m (2011: £5.0m)

· Recommendation of maiden dividend of 0.175 pence per share to be paid in March 2013



* Before non-recurring items, impairment charges, amortisation and share based payments.

** As restated for the reclassification of certain depreciation charges previously classified as administrative expenses



Operational Highlights



· Transformational acquisition of EDS and associated equity fundraising of £8.5m

· Group is now a provider of end-to-end decommissioning services with world-wide reach

· Contracts secured during the period include:

o Decommissioning / disinvestment contract worth approx. £10.7m in Ontario, Canada

o Dismantling contract worth approx. £2.2m in Quebec

o £0.5m of major retail infrastructure works in the UK

· Commencement of the Magnox framework contract with an initial order for works worth £3.2m

· Streamlined Group structure, delivering operational efficiencies and savings of £1.2m per annum

· Order book up 105% to £219m at 31st October 2012 (31st October 2011: £107m), £97m of which is scheduled to fall in 2013.

· Current trading is in line with the Board's expectations and current level of tendering activity is high

· Q4 trading particularly strong with combined August and September revenues of £24.8m (August and September 2011: £11.6m).





http://www.moneyam.com/action/news/showArticle?id=4497734

Pre-tax profit up 43% for Silverdell

5 December 2012 | 08:12am

StockMarketWire.com - Silverdell reports that revenues for the year ended 30 September 2012 were £82.5m (2011: £59.7m) with adjusted EBITDA of £6.2m (2011: £4.1m).

Operating profit was £1.3m and adjusted pre-tax profit was up 43% at £4.3m (2011: £3.0m), impacted in part by the deferral of certain shutdown and refurbishment works and by some lower margin work undertaken in the company's Consulting division.

As at 31st October 2012 the order book was £219m (31st October 2011: £107m), with £97m scheduled to fall in 2013. Adjusted basic earnings per share were 1.5 pence (2011: 1.4 pence).

At the year end, the Company's net senior debt was £4.5m (2011: £5.0m) with an additional £6m (2011: £0.2m) of asset-backed finance.

During the period Silverdell re-financed with a new, more competitive, three-year term with HSBC, affording the Group reduced overall financing costs, improved covenant terms and a global banking relationship.

We are today recommending a maiden dividend of 0.175 pence per share, which will be paid on 22 March 2013 to shareholders on the register at the close of business on 13 March 2013 and is subject to approval by shareholders at the Company's Annual General Meeting which will be held on 7 March 2013.

At 8:12am: [LON:SID] share price was +0.63p at 13.75p


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