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.

Sound looking chart..

" alt="" />

;-)

Al,
If you are to progress as a rep, you will need to practice your usage of letters as well as your dubious use of punctuation marks

That's what you think. LOL!

Presumably :-) = ROP of 500 ft/hr and :-)) = ROP of 1000 ft/hr. I've heard of tight hole buts thats ridiculous. Perhaps you should post on some of the oil shares as your code made lead to offer of higher things.

Further aquisitions on the way I reckon...


David Williams, Chairman of Silverdell Plc, said: "Redhill Analysts is one of
the leading asbestos consultants in the UK, with a strong brand, a blue chip
customer base and a highly experienced and respected management team. This
acquisition brings a leading consultancy business to complement the existing
Silverdell remediation business, providing us with a dual platform from which to
become the leading UK asbestos services provider. It also represents the first
step in our stated strategy of consolidating the fragmented asbestos services
industry, which we estimate has experienced an annual growth rate of
approximately 25 per cent since 2002 driven by legislation and the threat of
litigation."

AND..

from the year end results outlook statement...

The performance to date and prospects for the current year are very positive.
Not only are customer renewal rates at a highly satisfactory level but many new
customers are looking to work with Silverdell. Our order book for the normally
quiet winter months is at a level above that expected. While it is too early to
take this as a firm indicator for the rest of the year, nevertheless it is very
encouraging.

Trades on a forward P/E of just over 14, far too cheap.

Quiet morning so far.

A positive start to the day.

Just turned positive.

Trades on a prospective P/E of just 12.7 to sept 2008 and a PEG of 0.7, very cheap.

Are we even richer yet, gf? ;-))

My short idea was wrong. Good job it was tongue in cheek - I could've made a t*t of myself again. LOL!

Anyway, here's to 2 quid by Easter, what? ;-0

Big Al just waiting for another bolt on and these'l fly.

Have joined you guys today with a few locked away in my SIPP. It seems to have all the ingredients of a major success story long term.

Glad to have you aboard SC.

Topped up in these this morning, way undervalued.

Glad to see good old SID on the move up when all around is falling.

Forward P/E to 2008 just over 12 far too cheap for a industry leader and a niche player.

Well up today after the market sell off, yesterday.

provides an opportunity for those who didnt get in first time to purchase now.

These are certainly over sold.

Im wondering if they are going to drop further so I can load up.

Forward P/E to 2008 must now be circa of 10 or less.

An addition is in my sights too after today's drop. Difficult to read only 2 MMs though. ;-0

price movement on that low a volume is just out of order, keep it going and I will be in, pawn my car I think, should walk to work but I'm a lazy sod these days.

Any buying will bring big shift up again, calling the bottom is the tough bit, will the market settle or continue down, I'd expect funds to start to turn bullish for the short term again, but you never know.

either way as papal has pointed out fundies are now even better and its a growth story.