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.

A few opportunist buys today and who can blame them.

One to watch.

Positive this morning.

Should help within the industry...

Silverdell has an excellent health and safety record amongst its industry peers.
Adherence by the Silverdell Group to high standards of health and safety are
recognised within the industry: a senior employee won the Asbestos Removal
Contractors Association ('ARCA') Supervisor of the Year award in 2003 and
Silverdell currently holds the ARCA Regional Award for Training (South East). In
2006 Silverdell also received an award from the Royal Association for the
Prevention of Accidents ('ROSPA'). ROSPA awards companies who show a commitment
to the prevention of accidents within the workplace by the installation of
systems and procedures that empower employees to work in a more knowledgeable
manner when it comes to health and safety

Looks ready to tick up.

Nice to see buyers moving in here today and the increase in SP.

GF, hope this one is better than your short position on SOLA at 180. Bit of a stinker that one.

salford, GF's comments and advise, firstly, have always been to bring our attention to a particular share in good faith, and are usually always followed by his, but please research it fully yourself.

I know of no short position on sola.

Anyway back to this one, strange SP action today on what looks like more buys than sells.

A bit of momentum behind this one over the last few days.

The city havent caught on yet.

No tip sheets following it therefore no lemminns in yet.

Legislative driven high margin work.

A niche player in an industry and product most dont wont to touch............ NICE.

A bit of momentum behind this one over the last few days.

The city havent caught on yet.

No tip sheets following it therefore no lemmings in yet.

Legislative driven high margin work.

A niche player in an industry and product most dont wont to touch............ NICE.

The
Directors and the Proposed Directors believe that there are two main drivers for
the recent growth within the industry:


1. Legislation


Although legislation in relation to asbestos was first introduced over 20 years
ago, the principal legislation is contained within the CAWR.


In particular, Regulation 4 of CAWR introduces the concept of a 'duty to manage'
asbestos within non-domestic UK premises, creating an obligation to assess and
manage the risks from asbestos and ACMs within relevant premises. Broadly
speaking, non-domestic premises are defined as commercial and industrial
buildings as well as the common parts of public and social housing.


In practice, this necessitates the identification of asbestos and ACMs through
the conduct of surveys, the introduction of asbestos management plans and
regular audits to assess the stability of asbestos and its remediation as
appropriate e.g. prior to demolition or major refurbishment work.


In late 2005/early 2006 the HSE published a consultation document that sought
views on draft Regulations and an Approved Code of Practice to implement
amendments to the EU Asbestos Worker Protection Directive 83/477/EEC and other
changes to the existing asbestos regulatory framework. The HSE proposes to
repeal the CAWR, the Asbestos (Licensing) Regulations 1983 and the Asbestos
(Prohibitions) Regulations 1992 and to replace them with a single set of
regulations. One of the legislative changes proposed in the consultation
document is to adopt a risk-based approach to defining work with asbestos or
ACMs which will be exempt from the requirement to obtain a licence from the HSE.
The HSE believes that for most work with asbestos this will maintain the status
quo; however, the HSE is proposing to consult further on whether work with
asbestos-containing textured coatings should be removed from the licensing
regime altogether. If that were to happen, licensed contractors such as
Silverdell could be exposed to competition from unlicensed contractors for such
work.


2. Litigation


As the incidences of asbestosis (scarring of the lung) and mesothelioma (cancer
of the lung lining) have gradually risen so have the number of asbestos-related
claims. Asbestos accounts for over 3,500 deaths each year and is the UK's
biggest single cause of work-related deaths. In 2005, the insurance industry
paid out 205 million in asbestos-related claims and the actuarial profession
has warned that the cost of asbestos claims in the UK could reach 20 billion in
the next 30 years.


The Directors and proposed Directors believe that rising claim volumes are
likely to encourage employers in particular to manage asbestos appropriately.
The current mortality rate from asbestos-related diseases is expected to rise
until around 2011-2015. There is also an appeal before the House of Lords in
respect of a number of cases in which the claimants are seeking damages for
pleural plaques (benign scarring of the lung tissue caused by exposure to
asbestos fibres). The Court of Appeal ruled that pleural plaques do not
constitute an injury and therefore do not attract compensation. If the House of
Lords reverses the Court of Appeal's decision and rules that compensation should
be paid for pleural plaques this may increase employers' concerns to manage
their asbestos risks appropriately.

Could be a smal tick up coming.

A few stats for the fundies followers here...

At todays market SP of 128.5p

Forecast P/E of 12.9

Price to Revenue Ratio of 1.5

Price to Book Ratio of 2.1

Net Operating Margins of 16.8%

Buyers coming in this lunch time, no sells to date.

Are we rich yet, gf? ;-0

Certainly not on this one, but Ive got patience bundles of it.

Im sure in the end value will out.

Indeed. No panic. ;-)

Glad you made a contribution, Big Al, I thought this thread was becoming a tad monologic

Oh no! We need to be careful if hushpuppy is into these, gf. Just joking, John. Howzit?

SID look well set BTW. Stuck 'em in the SIPP for a few years hopefully

Nice to have a bit of banter on this thread LOL.