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.

Profits soar at Silverdell
Wed 05 Dec 2012

SID - Silverdell

Latest Prices
Name Price %
Silverdell 13.38p +1.90%

FTSE AIM All-Share 688 +0.22%
Support Services 5,258 +0.40%

LONDON (SHARECAST) - Specialist environmental support services group Silverdell posted a massive hike in full year profit as it integrates decommissioning and dismantling provider EDS.

Adjusted pre-tax profit soared 43% to £4.3m for the year ended September 30th 2012 while revenues jumped to £82.5m during the period from £59.7m before.

At the end of October the order book stood at £219m compared to £107m previously.

Commenting on the results, Chairman Stuart Doughty said: "This has been a transformational year for Silverdell. We have acquired and are in the process of integrating EDS, secured significant new contracts, and streamlined and strengthened our management structure to give us an international platform for the future."

"We have in place a sound strategy for growth supported by clear and achievable KPIs. Our belief in the excellent long term prospects for the group is underlined by our recommendation of a maiden dividend."

It added that current trading is encouraging and while it is mindful of the challenging global economic condition, it looks to future trading with confidence.

Silverdell, which re-financed during the year with a more competitive three-year term with HSBC, said it has reduced overall financing costs.

Net senior debt, excluding lease finance, fell £0.5m to £4.5m.

The group is recommending a maiden dividend of 0.175p per share.

Slow to move on the results yesterday, moving today.

re-tipped in the IC:

http://www.investorschronicle.co.uk/2012/12/05/shares/news-and-analysis/news-tips-hsbc-tesco-stagecoach-polo-resources-smiths-news-menzies-silverdell-fastjet-more-oebNxwtMalevWlqivdosVI/article.html

Great results yesterday showing with the sp move today.

There was someprofit taking first this morning, now very strong purchasing.

The company trading on 5 x 2013 earnings has been to cheap

Preliminary Results for the Year
Ended 30 September 2012
5 December 2012

http://www.silverdell.plc.uk/images/downloads/Silverdell_Full_Year_Results_YE_30_Sep_12.pdf

Preliminary Results for the Year
Ended 30 September 2012
5 December 2012

http://www.silverdell.plc.uk/images/downloads/Silverdell_Full_Year_Results_YE_30_Sep_12.pdf

Up 7.5%

The shares still remain cheap at 6x forecast earnings. House broker Finncap forecasts pre-tax profits for 2013 of £9.3m, giving EPS of 2.1p, (from £4.3m and 1.3p for 2012)

Still remain very cheap, the house broker has a 23p price target, implying a further upside of just over 50%

Silverdell ?12m decommissioning contract
RNS
RNS Number : 4146V
Silverdell PLC
14 January 2013



Silverdell PLC

("Silverdell" or "the Company")



Silverdell awarded £12 million decommissioning and re-sale contract in Canada



Silverdell PLC (AIM: SID), the Specialist Environmental Support Services group, announces that it has signed a contract with Hydro Québec, Canada's largest electricity generator, for the decommissioning and parts re-sale of its redundant Tracy thermal power plant in a project worth approximately £12 million in revenues to Silverdell.



Under the terms of the agreement, Silverdell will market approximately 37,000 tonnes of re-usable plant, equipment and metals for industrial sale. The Group will then undertake the decommissioning of the power plant, including asbestos removal, dismantling and the sale of the reusable assets.



Work is scheduled to commence in Q2 2013 and is expected to complete within 12 months.



Sean Nutley, Chief Executive Officer for Silverdell Plc, commented:



"A key part of our growth strategy, 'Changing the Landscape', as set out in our preliminary results statement last December, is to leverage our enhanced scale and capability to exploit new market opportunities worldwide. That is exactly what we have done with this contract. The acquisition of EDS afforded us entry to the high value global decommissioning and re-sale market with a project which is ideally suited to our end-to-end service offering."



14 January 2013

Silverdell to decommission Canadian thermal power station
Mon 14 Jan 2013


LONDON (SHARECAST) - Specialist environmental support services group Silverdell has signed a contract with Canada's largest electricity generator, Hydro Québec, for the decommissioning and parts re-sale of its redundant Tracy thermal power plant in a project worth approximately 12m pounds in revenues to Silverdell.

Under the terms of the agreement, AIM-listed Silverdell will market approximately 37,000 tonnes of re-usable plant, equipment and metals for industrial sale.

The group will then undertake the decommissioning of the power plant, including asbestos removal, dismantling and the sale of the reusable assets.

Work is scheduled to commence in the second quarter of 2013 and is expected to complete within 12 months.

Referencing its acquisition of EDS, a specialist provider of decommissioning and dismantling services earlier in the year, Sean Nutley, Chief Executive Officer of Silverdell, commented: "A key part of our growth strategy, 'Changing the Landscape', as set out in our preliminary results statement last December, is to leverage our enhanced scale and capability to exploit new market opportunities worldwide. That is exactly what we have done with this contract.

"The acquisition of EDS afforded us entry to the high value global decommissioning and re-sale market with a project which is ideally suited to our end-to-end service offering."

Silverdell’s share price rose 3.76% to 17.25p at 11:13 on Monday.

A buy in both IC and shares mag this week. The shares still trade on a modest eight times forecast EPS.

Re. Dividend
RNS
RNS Number : 7357W
Silverdell PLC
31 January 2013



Silverdell PLC

("Silverdell" or "the Company")



Dividend Timetable



Silverdell PLC (AIM: SID), the Specialist Environmental Support Services group, confirms its board has recommended 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 1 March 2013 and is subject to approval by shareholders at the Company's Annual General Meeting which will be held on 7 March 2013.



31 January 2013

A good 7.5% rise today

Valuation: Price factors in little success
Our base case forecast scenario is moderately negative in outlook, assuming just 2% revenue growth in the future. Even on this basis our DCF suggests a fair value of 23p a share. If management is successful in achieving its medium-term targets then this would add 35% to our valuation of the company, at a fair value of 31p/share. On our base case forecasts the company trades at 9.9x earnings, within its 9-10x trading range, and on an EV/EBITDA of 4.8x, below its historic 6x range. This suggests that the market does not think the management will have success in hitting its targets.

http://www.edisoninvestmentresearch.co.uk/researchreports/Silverdell130213update.pdf

Please Note - Streaming News is only available to subscribers to the Active Level and above



Analyst & Investor Day
RNS
RNS Number : 3373Y
Silverdell PLC
21 February 2013



Silverdell PLC

("Silverdell" or "the Group")



Analyst & Investor Event



Silverdell plc (AIM: SID), the Specialist Environmental Support Services group, will today host an event for analysts and institutional investors in central London at which the Group's senior management team will give a presentation on the business.



The event is intended to provide a greater understanding of the Group's operations and strategy and no new material or price sensitive information will be provided. The presentation will be posted on Silverdell's website - www.silverdell.plc.uk

Up 3.11%

And there's me thinking it would run out of steam! What's it worth for me not to buy a few DC?! :o)