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.

Growth Company Investor recommending it Friday evening...

Silverdell - SPECULATIVE BUY
Companies: SID
04/01/2007

Chaired by astute Marwyn Capital mover and shaker David Williams, Silverdell reversed into Bow Lane Capital last July. Another consolidation vehicle from the Marwyn stable, Bow Lanes brief when floated on AIM last April was to scout for deals in the fragmented environmental services sector.

Summer acquisition Silverdell looked a savvy first move, being a leading asbestos remediation business working for FTSE 100 ventures as well as central and local government. A significant portion of revenues are underpinned by framework deals, and growth to date has been purely organic. Legislative changes within the industry and the AIM quote should help yield new customers and more sizeable work, since only the highest standards are accepted for the bigger, more complex asbestos projects.

Just before Christmas, the highly complementary acquisition of profitable asbestos and environmental consultancy Redhill Analysts was announced. Capped at 10m, this cash and shares deal turned the group into a rounded asbestos services provider well placed to further consolidate a sector growing at 25% per annum.

Maiden preliminary figures for the group, reflecting a short 27-week period from March 2006 to 30 September and including a mere ten-week turn from the Silverdell business, revealed sales of 6.05m and pre-tax profits of 93,000.

While it is early days, in our view it is worth joining the likes of Williams (8.8%), and the astute F&C Asset Management (4.66%) on the shareholder list, with more exciting acquisitions sure to come.

James Crux
Market cap: 39.45m
PE Forecast: n/a
Share price: 122.5p

Silverdell PLC
08 January 2007


Silverdell PLC (the 'Company')


Holdings(s) in Company


8th January 2007


The Company has been advised that Man Financial Limited (MFL), have a beneficial
holding of 1,394,166 ordinary shares in the Company. This represents 4.33% of
the issued share capital of the Company.



This information is provided by RNS
The company news service from the London Stock Exchange

Ticking up.

Reminds me very much of Worthy Nichs business model this one.

I hope it can go on and replicate WNGs performance.

I hold a few of these (very few - merely to mop up a tiny cash balance that was doing nothing)

I think we are going to see some very decent growth here Juzzle.

looks to be worth getting into purely on the basis of making the trend one's friend.

Id love to see you in here ST just as an online bud.

You know your stuff and thats for sure.

Reading your past posts you know your stuff.

Your a good freind.

Ill send you a PM.

Cheers GF.

A fantastic little company .............

My tip for the top 2007 but after MYHOMES International. MYH.

Well, GF, after a glowing accolade like that, how can I refuse your invitation?

Will stick both SID and MYH on the watchlist - I'm not sure when I'll next be churning my portfolio but am certainly always interested in new prospects for my shopping list. (Note to self: I have to do some serious digging around on Plus stocks as well . . . )

Blimey I say that and its dropped a penny today, aghhhhhhhhhhhhhhhhhhhhhhh.

Chuckle - after recent performance, that's scarcely surprising, and not exactly a disaster, either!

And so as MYH agHHHHHHHHHHHHHHHHHHHHHHHHHHHH.

A nice turn around and ito the blue we go.

Still cheap on a forward P/E of just over 14.

I reckon a quality company in a niche area like this would be fully valued on a P/E of double that, so that would indicate a SP target of 250p ish.

I was in early today - limit buy triggered first thing.

The story is covincing enough for me to stick it in the speculative section of the SIPP.

;-))

PS - Timing's probably crap, but hey .............

Glad to have you aboard Big Al.

GF - this is a little close to home, forgive the pun, but I'm doing work on the house and it looks like I may need the services of such a firm in the future. I'm probably not the only one out there and I took a quick look around their website too.

My natural instinct is to trade, but with the recently opened SIPP, I'm looking to take longer term punts in smaller size. They look like an outfit that fits the bill.

Al

Sure do Big Al and from the admission document..

The Directors and Proposed Directors believe that Silverdell
has the following strengths:


Brand and reputation: which provide a competitive advantage in an
industry which is both highly regulated and subject to increasing legislation/ litigation


Experience and track record: given the fragmented nature of the market,
only a few participants have the expertise and infrastructure to take on
major projects


Scale and geographic coverage: which enable Silverdell to continue to
capture nationwide contracts as well as providing a strong platform for
market consolidation


Health and safety record: of critical importance when winning new
business and difficult for competitors to replicate


Industry representation: which allows Silverdell to be at the forefront
of developments within the industry


Blue chip customer base: underpinning revenue and enabling Silverdell to
operate at the higher end of the market with the associated contract
premiums.

Interesting facts about the market.....

Uncertainty also surrounds the longevity of the market, although expectations
are that asbestos removal will peak around 2020, with 85 per cent. of all
asbestos having been removed by 2050.

It is believed that around 80 per cent. of the UK commercial and industrial
property stock have a high risk of containing asbestos, necessitating ongoing
asbestos management and potential remediation.ENDS.

Just shows what a massive market this is.

Large market with barriers to entry to overcome for competitors.

I like it! ;-))