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.

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)

You have crashed the markets today and cost me a fortune. I saw your prediction on the comps board. Lol .

Yep, sorry about that! :o)

Trading Update
RNS
RNS Number : 4551Z
Silverdell PLC
07 March 2013



Silverdell PLC

("Silverdell" or "the Company")



AGM trading update



Silverdell PLC (AIM: SID), the Specialist Environmental Support Services group, announces the following trading update in advance of its AGM, to be held at 11am today at the office of FinnCap, 60 New Broad Street, London EC2M 1JJ.



Silverdell is pleased to announce that it has secured a number of long term framework contracts worth in aggregate up to £3 million per year. The Group maintains a strong order book and tendering activity remains very high with a number of key opportunities being negotiated.



Following the positive start to the new financial year, the Board expects results for 2013 to be in line with its expectations. The Board also confirms its recommendation of a maiden dividend of 0.175 pence per share, to be paid on 22 March 2013 to shareholders on the register at the close of business on 13 March 2013, subject to approval by shareholders at today's AGM.



The Board has taken the decision to accept an offer of circa £1m as final settlement from Shaw Group on its 18 month final account negotiation on Pembroke Power Station, a contract secured in 2010. A non-recurring exceptional charge of around £2.5m will be recorded in the first half results for 2013. The Company's underlying profit for 2013 will not be affected however year end net debt is now anticipated to be approximately £1 million higher than previous expectations.



The Board took the view that the release of cash would enable the Group to take advantage of many of the new opportunities now becoming available in its Decommissioning division. Considerable changes in policy have been implemented since the contract was first tendered and the Board is confident that its far more stringent controls, combined with moving to work directly for clients, will avoid a similar situation in the future.



Sean Nutley, Chief Executive of Silverdell, commented:



"Last year was a landmark year for Silverdell with the successful acquisition and integration of EDS, the securing of significant new contracts and the streamlining and strengthening of our management structure to give us a strong platform for the future.

"With a much transformed and broader service offering and geographical footprint, we are well-placed to implement our growth strategy supported by clear and achievable KPIs.

"Our confidence in the future is reflected in our recommendation of a maiden dividend. I look forward to reporting further progress."

Release of lock-in
RNS
RNS Number : 6387Z
Silverdell PLC
08 March 2013



Silverdell PLC

("Silverdell" or "the Company")



The Board of Silverdell was informed on 08 March 2013 that on that day, Andrew Owen McGee, a vendor of EDS Group Holdings Ltd, sold his remaining interest in the capital of the Company ("Ordinary Shares").

The Company released Mr. McGee from his undertaking not to dispose of Ordinary Shares, as announced on 30 May 2012, to undertake this sale in order to satisfy institutional demand.

ENQUIRIES:

Silverdell (LON:SID)

Silverdell, the specialist environmental support services group, has announced that following the positive start to the new financial year, management expects results for the year to September 2013 to be in line with its expectations. The Company has also confirmed its recommendation of a maiden dividend of 0.175p per share, to be paid on 22 March 2013 to shareholders on the register at the close of business on 13 March 2013. The order book remains strong and tendering activity remains very high with a number of key opportunities being negotiated. The Company has secured a number of long term framework contracts worth in aggregate up to £3m per annum. The Board has taken the decision to accept an offer of circa £1m as final settlement from Shaw Group on its 18 month final account negotiation on Pembroke Power Station, a contract secured in 2010. A non-recurring exceptional charge of around £2.5m will be recorded in the first half results for 2013. While this will not affect the Company's underlying profit for 2013, the year-end net debt is now anticipated to be approximately £1m higher than previous expectations.


http://www.proactiveinvestors.co.uk/columns/hybridan-small-cap-wrap/12380/this-week-quarto-publishes-results-surface-transfers-and-a-golden-start-to-the-year-for-silverdell-12380.html