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.

.... geez your begining to sound like tabby , quid by xmas :-)

Minimum. ;-))))))

I'll also be topping up when it relists on PLUS at 2p. ;-0

lol

Research group Edison values the business at 25p.

Bought more of Silverdell last week - 12.7p Trading on 5x forecasts 2013v earnings which looks to low, since pre-tax profit is forcast to jump by 164% in the financial year to Sept 2013. A key reason behind the significant advance is Mays acquisition of industrial decommissioning-to demolition expert EDS. The first numbers for the enlarged group will be next months full year results (5 Dec) where Silverdale has indicated it will declare a maiden dividend. Analysts are looking for 0.2p for the initial
and 0.4p for the year ending 2013. The latter equates to a prospective 3.2% dividend yield. Much of Silverdell's work falls under non-discretionary spend where clients are forced by health and safety laws to remove asbestos or face hefty fines.EDS will help to improve the groups earnings visibility due to the nature of its contracts. The aquired business expands the groups skills and geographical reach and provides access to a loyal blue-chip customer base.Furthermore,it offers scope to work on higher -margin projects.

Final Results



Financial Highlights



· Revenue up 38% to £82.5m (2011: £59.7m)

· Gross profit up 27% at £20.4m (2011: £16.1m**)

· Adjusted EBITDA* up 51% to £6.2m (2011: £4.1m)

· Adjusted pre-tax profit* up 43% at £4.3m (2011: £3.0m)

· Adjusted EPS* up 7% at 1.5p (2011: 1.4p)

· Net senior debt (excluding lease finance) down £0.5m to £4.5m (2011: £5.0m)

· Recommendation of maiden dividend of 0.175 pence per share to be paid in March 2013



* Before non-recurring items, impairment charges, amortisation and share based payments.

** As restated for the reclassification of certain depreciation charges previously classified as administrative expenses



Operational Highlights



· Transformational acquisition of EDS and associated equity fundraising of £8.5m

· Group is now a provider of end-to-end decommissioning services with world-wide reach

· Contracts secured during the period include:

o Decommissioning / disinvestment contract worth approx. £10.7m in Ontario, Canada

o Dismantling contract worth approx. £2.2m in Quebec

o £0.5m of major retail infrastructure works in the UK

· Commencement of the Magnox framework contract with an initial order for works worth £3.2m

· Streamlined Group structure, delivering operational efficiencies and savings of £1.2m per annum

· Order book up 105% to £219m at 31st October 2012 (31st October 2011: £107m), £97m of which is scheduled to fall in 2013.

· Current trading is in line with the Board's expectations and current level of tendering activity is high

· Q4 trading particularly strong with combined August and September revenues of £24.8m (August and September 2011: £11.6m).





http://www.moneyam.com/action/news/showArticle?id=4497734

Pre-tax profit up 43% for Silverdell

5 December 2012 | 08:12am

StockMarketWire.com - Silverdell reports that revenues for the year ended 30 September 2012 were £82.5m (2011: £59.7m) with adjusted EBITDA of £6.2m (2011: £4.1m).

Operating profit was £1.3m and adjusted pre-tax profit was up 43% at £4.3m (2011: £3.0m), impacted in part by the deferral of certain shutdown and refurbishment works and by some lower margin work undertaken in the company's Consulting division.

As at 31st October 2012 the order book was £219m (31st October 2011: £107m), with £97m scheduled to fall in 2013. Adjusted basic earnings per share were 1.5 pence (2011: 1.4 pence).

At the year end, the Company's net senior debt was £4.5m (2011: £5.0m) with an additional £6m (2011: £0.2m) of asset-backed finance.

During the period Silverdell re-financed with a new, more competitive, three-year term with HSBC, affording the Group reduced overall financing costs, improved covenant terms and a global banking relationship.

We are today recommending 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 13 March 2013 and is subject to approval by shareholders at the Company's Annual General Meeting which will be held on 7 March 2013.

At 8:12am: [LON:SID] share price was +0.63p at 13.75p


Story provided by StockMarketWire.com

Profits soar at Silverdell
Wed 05 Dec 2012

SID - Silverdell

Latest Prices
Name Price %
Silverdell 13.38p +1.90%

FTSE AIM All-Share 688 +0.22%
Support Services 5,258 +0.40%

LONDON (SHARECAST) - Specialist environmental support services group Silverdell posted a massive hike in full year profit as it integrates decommissioning and dismantling provider EDS.

Adjusted pre-tax profit soared 43% to £4.3m for the year ended September 30th 2012 while revenues jumped to £82.5m during the period from £59.7m before.

At the end of October the order book stood at £219m compared to £107m previously.

Commenting on the results, Chairman Stuart Doughty said: "This has been a transformational year for Silverdell. We have acquired and are in the process of integrating EDS, secured significant new contracts, and streamlined and strengthened our management structure to give us an international platform for the future."

"We have in place a sound strategy for growth supported by clear and achievable KPIs. Our belief in the excellent long term prospects for the group is underlined by our recommendation of a maiden dividend."

It added that current trading is encouraging and while it is mindful of the challenging global economic condition, it looks to future trading with confidence.

Silverdell, which re-financed during the year with a more competitive three-year term with HSBC, said it has reduced overall financing costs.

Net senior debt, excluding lease finance, fell £0.5m to £4.5m.

The group is recommending a maiden dividend of 0.175p per share.

Slow to move on the results yesterday, moving today.

re-tipped in the IC:

http://www.investorschronicle.co.uk/2012/12/05/shares/news-and-analysis/news-tips-hsbc-tesco-stagecoach-polo-resources-smiths-news-menzies-silverdell-fastjet-more-oebNxwtMalevWlqivdosVI/article.html

Great results yesterday showing with the sp move today.

There was someprofit taking first this morning, now very strong purchasing.

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.