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 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.

Still muddying around Al, currently in my second year on Nexen's Scott Platform. Its okay apart from the excessive stair climbing. You must be getting old, isn't a SIP a tad long term for you. Seriously though I nearly got into these after I sold out WNG just after the start of the year. Got into them on day one so profits were pretty healthy. Split money into Tanfield at 58p and GKN at 278p instead so I can't really complain. However these are still on the radar and now that I've found out that gf isn't in effect the only investor who knows?

Oh Al, are you still pointing bits of metal at distant targets (and sometimes getting there :-) )

John - gave up the pointing bit a couple of years back. If in doubt become a Drill Rep on dayrate. You know it makes sense ;-)) Hence SIPP move. ;-0

Anyway, you made a few good moves there. Better than BPRG, TRK and TDM (if I remember!)

Anyway lads, patience please.

If you are not confident then please sell your stock.

The fact is I beleieve when others get caUGHT ON that this will bomb.

OK at the moment its rather quiet, and if stock momentum pickers know what they are doing.............................. THEY WILL BUY.

Don't panic, gf. I'm going nowhere. ;-))

Great to see, I think I had one to many tinnies last night celebrating a pals birthday.

AAAAAAAAAAAAAAAAAAAAAAAgh, my head.

Looks like one big institution as taken a profit.

No doubt we will get an RNS.

Great to see, I think I had one to many tinnies last night celebrating a pals birthday.

AAAAAAAAAAAAAAAAAAAAAAAgh, my head.

Looks like one big institution as taken a profit.

No doubt we will get an RNS.

Ticked up this afternoon.

Breaking up now, excelent.

;-)))

Great looking chart but David Williams does seem to have been round a lot of companies.

I notice after following the link above to the reverse takeover document that they mention his link with Waste Recycling (which was years ago) but fail to mention his more recent connection with IFTE (whatever happened to them ???).

Spoke to him a couple of times when he was at IFTE , very approachable but talked a better story than he delivered , luckily I did ok but others were less fortunate.

Good luck.

Now then, now then.

Digital Look are showing new revised Broker figures UPGRADED.

To 30th of Sept 2007 EPS of 10.0p P/E of 13.2 On todays SP of 131.5p

To 30th of Sept 2008 EPS of 11.8p P/E of 11.1 and a PEG of 0.6.

I think the previous figures were a P/E of 14.7 and 12.9 on a SP of 128.5p.

NICE.

You know you want to be in them, Dil. ;-)) Fiver by Xmas?