This ones moved up pretty nicely over the last few days and looks like it could go beyond its high for the year in the 250s. Theres certainly momentum behind it and it could also be presenting news of acquisitions which would most surely push its growth forecasts up.

Sondex specialises in the design, development and production of electromechanical
technology for downhole operations and measurement in oil & gas
wells. It supplies all major oil service companies globally and is a respected name
in the industry. Listed June 2003 @ 100p/share.

The companys last results were very impressive....

Turnover up 81% to 31.7million (2004 - 17.5million) forecast of 30m
Operating profit before amortisation of intangibles rose 46% to 7.7million
Operating profit rose 46% to 5.1 million
Basic earnings per share 4.7p (2004 - 0.4p) forecast of 6.8p
Adjusted earnings per share 10.1p (2004 - 4.0p) forecast of 11.8p
Full year proposed dividend increased by 8% to 1.95p (2004 - 1.80p)

The company is certainly not cheap with a rolling P/E of circa 20 but you have to remember this is a world class technology company serving the booming oil industry and as I state above we could see further earnings enhancing bolt ons.

Broker Evolution have a prospective P/E of 15 on the stock which could be found to be too high if the earnings as I beleive will be ramped up.

Its certainly worth having a look at the last RNS from the company re to the analyst site visits....................

Sondex PLC
27 June 2005


Monday 27th June 2005

Sondex plc
('Sondex' or the 'Company')

Sondex, the oilfield technology company, will today host an analyst visit to its
R&D facilities in Bramshill, Hampshire and to its new facility in Yateley,
Hampshire where final product assembly, test and inspection is now undertaken.

At the briefing, Sondex will confirm that trading since the year end remains in
line with the guidance given at the Preliminary results in May, when the company
stated that the order book was strong, reflecting good market conditions, and
that the Board was confident of achieving further successes in the current year.
Otherwise, no material new information will be disclosed during the meeting.

A copy of the presentation to be given can be downloaded at
www.sondex.co.uk ENDS.

We could have more institutions buying ito this one in the very near future and the only reason I say in the heading that It could be a trading buy is because of the high P/E at the moment but I expect that to drop with increased earnings.

DYOR.

cheers GF.

Trying to get a chart up.

cheers GF.

Cheers DJ think ive worked it out now lets see.





cheers GF.

Looking good again today after the rise yesterday. Its on a roll.

cheers GF.

Certainly appears that way. It's been stagnating a little recently while oil-related companies in general have stoermed ahead so it needs to play catch-up now.

Looks like a bit of profit taking today.

cheers GF.

Returned back to the positive today. I see Robbie Burns on Frequent Trader is tipping it.

cheers GF.

Good news in this morning and the price as responded.

Sondex sees further progress in FY
AFX


LONDON (AFX) - Oilfield technology company Sondex PLC said it expects to report further success this year, building on the progress achieved in the past 12 months.

In the text of a speech to today's AGM, Sondex chairman Iain Paterson said current industry conditions are favourable, adding that trading in the wireline business is particularly encouraging.

'We anticipate another successful year and are well placed for further growth,' Paterson said.

The company's drilling division has seen an increase in business since the acquisition of Geolink in June 2004. Further benefits are expected once the results of increased investment in product development and international marketing are realised, the group said.

As usual, revenues will be biased towards the second half of the year, Sondex said. Although revenues will receive a boost from the recent strengthening of the dollar -- over 80 pct of sales are denominated in the US currency -- this benefit will be counteracted at the EPS level as the company's in place to protect earnings against further dollar weakening.

newsdesk@afxnews.com

ak/

nice to see you GF
makes me feel a little safer in my investments! :-))

Excellent day for SDX today. Looking forward to Monday now!

Really motored this week, looking very strong.

cheers GF. Anybody else still in?.

Still in for 3.60 GF

Thatl do me 016622.

cheers GF.

Play of the week in Shares today

Yup and moving up nicely.

cheers GF.

Does anyone have a brief of what the tip says?.

cheers GF.

article ends by saying
The current range of profit estimates for the year to Feb 07 is incredibly wide, from about 10mill pretax at the lower end to nearly 15 mill at the top. Perry (CEO) admits this is a bit of a problem and is working hard to clarify the Sondex story. This seems to be working and he says he is comfortable with the consensus of about 11.5 million.
This implies EPS growth of about 30% next year assuming 2005/6 come in at the predicted 11p level. The financial year ends next week. Promising 20% or so growth into the future, it would imply a PE of 18 for 2006/7, falling to just 15 the year after- an unjustified discount of about 30% to its oil services peers.
Closing that discount to 10% over the next 6-12 months would imply a deserved 350p share price-thats 35% above current levels BUY

Some of the glow seems to have rubbed off on Hunting as well (which IMO is still far better value too).

;o)

Roro, much appreciated many thanks.

Looks like we have a few bob to go.

cheers GF.

Taken a few profits here on the recent strength but the majority are still in place. looking very strong.

cheers GF.

A good finish today.

cheers GF.

Going along well this morning.

cheers GF.

great news this morning

Certainly is and the price is galloping along....

UK smallcap opening - Sondex higher on expectations FY will beat market hopes
AFX


LONDON (AFX) - Sondex gained 16 at 306 after the oilfield technology supplier said it expects

full-year results to come in ahead of expectations.

The company anticipates revenues and operating profits will rise by over 50 pct, with net revenue coming in above 50 mln stg.



newsdesk@afxnews.com

cheers GF.

do you have a target GF?

No not yet Im waiting for broker upgrades that must surely come after the news yesterday.

cheers GF.

Going nicely at the moment.

On a roll at the moment glad I kept faith here.

The increasing demand for energy has created a worldwide shortage of the equipment and labour needed. This spells good news, says Georgina Mitchell, head of investment support at Redmayne-Bentley Stockbrokers, for the smaller production companies that service the big energy suppliers

Not so long ago, half the UK seemed to be built on coal and the other half floated on oil. But those days are gone and UK consumers are counting the cost. Recent research shows that we are paying 87% more for our gas than we were three years ago and it's not likely to stop there.

Analysts, charities and consumer groups are warning there may be more increases to come before the winter months despite the assurance of Sir John Mogg, chairman of the energy watchdog Ofgem, that there would be enough supply through the winter with new pipelines coming on stream. So, right now, the UK's energy suppliers are probably working out just how much they can increase our household bills by in order to reflect record oil prices created by geopolitical worries, supply concerns and "new" economies.

Rampant demand for energy means among other things that the industries supplying our needs are experiencing a worldwide shortage of the equipment and skilled labour they require to deliver. This is good news for the smaller companies that service the needs of the giants as the three I've selected here are finding.

Sondex is in a strong position as the only oilfields toolmaker on the stockmarket. The company, which designs and manufactures equipment used to gather data from production wells, is capitalised at 150m and has enjoyed a good run since it floated midway through 2003. New demand and price levels for oil and gas mean that previously expensive and difficult wells to drill have become more economically viable. As a result, the oil and gas companies have increased their capital expenditure and their investment in more specialist equipment, and drilling activity has grown significantly.

Full-year results from Sondex, back in May, saw a 66% increase in operating profit, ahead of market expectations. The group has also worked hard to improve its cashflow and indeed this year it has actually generated a cash inflow of 6.4m compared with a cash outflow the year before.

A trading update at the end of June saw the company confirming it was in line to deliver the growth anticipated by the market. Sondex should do well over the medium term and, according to forecasts, it is due to grow its revenutes by 20% a year for the remainder of the decade.

Im relatively new to investing . I hold Sondex and I got the follwing information about an upcoming open offer but im not sure what it really means. It look like they are offering shareholders the chance to purchase 1 open offer share at 280p for every 7 existing ordinary shares they hold, but whats the benefit of buying this ???? Anyone know. Thanks a lot

Qualifying Shareholders will be invited to subscribe for Open Offer Shares in the Open Offer at the Issue Price on the following basis:

1 Open Offer Share for every 7 Existing Ordinary Shares

I never bother with these offers, I always feel its better to keep money for other stocks to spread the risk of investing (especially if your new to investing), so I cant really advise you on this one ERB.

Someone else who likes this kind of offer may put the advantages forward.

Sondex PLC
12 October 2006

Sondex plc



Formal Bid for Innicor Subsurface Technologies Inc.


Sondex plc ('Sondex') is pleased to announce that it has filed a formal offer
(the 'Offer') to acquire all of the common shares ('Common Shares') of Innicor
Subsurface Technologies Inc. ('Innicor') with the securities regulatory
authorities in Canada and has mailed the Offer and circular dated October 11,
2006 to the shareholders of Innicor (the 'Innicor Shareholders').


The Offer is being made by Sondex Completion Systems Inc. (the 'Offeror'), a
wholly owned subsidiary of Sondex, and will remain open until 3:00 p.m.
(Calgary, Alberta time) on November 16, 2006, unless the Offer is withdrawn or
extended by the Offeror. Under the terms of the Offer, each Innicor Shareholder
will receive $3.75 cash for each Common Share.


The Offer documents are available on
www.sedar.com
.

Moved up nicely today.

In the blue again.

And looking strong.

Had a look at all the Oil industry supply stocks yesterday & thought this looked the best value at the moment, so bought this morning.
I looked at the SDX website, but had great difficulty in finding the dividend cut off dates. Does anyone happen to know these, please?

HI Harry,

glad to see you on vboard. Sorry I dont have the divi dates as I only invest really for capital growth. By the way did you have a look at Velosi velo?.

Cheers GF.

VELO only just floated and obviously, imo, overvalued.
Have it on my watch list, but not going to buy at the moment.

Have just had a letter from SDX offering to sell me 1 share for every 7 I own at a price of 280p. Can anyone shed any light on this as the price doesn't seem very competitive as today's sp is 289p. Offer is called an OPEN OFFER.
Forgive my sceptisism but this seems like a way of SDX raising more cash, but the offer doesn't exactly seem very attractive!

Ive had the same Harry and binned it.

In the blue again.

Moving up nicely.

"Sondex PLC, the oilfield technology supplier, said it has formally dropped plans to acquire Canada's Innicor Subsurface Technologies Inc after shareholders voted against the transaction.The resolutions for the 35 mln stg acquisition and the associated fundraising were rejected by shareholders, as recommended by the board, at an EGM on Thursday.The Sondex board early this month withdrew its support for the deal as proceeding with it will 'not be in the best interest' of shareholders."
Would I be correct in saying the 280p share issue has also been dropped as the cash is no longer needed?

Hoping we stay over 3 for a few days at the close of business.

Got to be safer than the likes of goo,high demand for forseeable future

Looks to have confirmed recent break over 3.00 now.

Solid start to the day.

Trades on a forward P/E of just over 17 and a PEG of 0.8 to FEB 2008 so theres still room for SP growth.

A good start on what looks like a muted morning in general.

Prospective P/E of 16.6 to end of Feb 08 and a PEG of 0.8 plus EPS growth of 21% makes these still relatively cheap with some left in the SP.

And its on a momentum run at the moment.

Breakout!

Interesting afternoon ahead with L2 looking very strong.

Still have a stake here.

Interesting to look at the concensus fundies going forward after the recent market sell off..

To end of Feb 08 it is trading on a P/E of 19.2 and a peg of 0.8

To end of Feb 09 it is trading on a P/E of 14.4 and a peg of 0.4

Not cheap but then again not overly expensive.

What a cracking statement....

UK smallcap opening - Sondex up on bullish update
AFX


LONDON (AFX) - Buyers came for Sondex, 17 pence up at 361, after the oilfield technology supplier said it anticipates reporting full-year revenues up in excess of 30 pct and operating profit before amortisation of acquired intangible assets and exceptional costs up by over 40 pct.

Particularly strong results are anticipated from the Drilling division which is expected to report organic revenue growth of around 35 pct. Significant

contributions were also seen from both Russia and China where the company has

experienced record order intake.

Adjusted earnings per share are anticipated to be some 10 pct above market

consensus (range of forecasts is 15.0 pence to 16.9). The results would still be at the top end of the range if the one off cost of 1.5 mln stg due to the aborted acquisition of Innicor Subsurface Technologies Inc were deducted, the company added.

newsdesk@afxnews.com

fjb/vjt

Broker forecasts will have to be upgraded now.

Certainly got some momentum behind it.

Spring cleaning again and sold up.

Made a 63% gain since july 2005. Was only supposed to be a trading buy.

May return.

Others with more growth in them out there.

Bought some @ 45p

Large marked down lately and today as oil price is lower for the last couple days. Half of share price is in cash.
Operational progress in Morocco and the company will drill seven wells this year in the region, the flow test results from the SD-1X South Disouq well, with 82 ft of net pay with 25% porosity the well was really good.

CEO ... Https://www.sharesmagazine.co.uk/video/shares-spotlight-paul-welch-ceo-of-sdx-energy-sdx

..

Already on the bounce from the intraday double bottom

steady bounce back to 46.50p from the sharp marked down earlier
---------------------
A must watch CEO interview...Https://www.sharesmagazine.co.uk/video/shares-spotlight-paul-welch-ceo-of-sdx-energy-sdx

46.50p +1.125p

DIRECTORS BUYING - PDMR Dealing

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company was notified that;

· Paul Welch, Chief Executive Officer and Director purchased 85,000 Common Shares of SDX Energy Inc. on July 12, 2017 @ £0.4482 (50,000 @ £0.4470 and 35,000 @ £0.45

· David Vernon Richards, Non-executive Director purchased 5,469 and 7,000 Common Shares of SDX Energy Inc. respectively on July 10 and July 11, 2017 ( 12,469 Shares @ CAD 0.7219 )

looking good on the charting front, 3 days of stead rise after the usual up and down as it reached bottom.

49.25p +1.50p (+3.14%)

The usual up and down and then up again
Cantors playing about ( they do it every day) , and letting the large buys in from other MMs
CFED, had offer at 48p but buyers had to pay 48.40p

49.25p +1p

· David Vernon Richards, Non-executive Director purchased 10,000 Common Shares of SDX Energy Inc. July 17, 2017 @ CAD$ 0.81

the news has encourage TWO larger size buys after opening, one delayed just appeared
The MM at bid CFED had already opened higher at 48.50p, 1p better

15 minutes delay on chart

spread 45 v 46p +2.00 (+4.60%)

The early marked down to yesterday's low has encourage buyers again and a spike up on the share price is now taking place

48.25 +3.25 (+7.22%)

DIRECTOR BUYING
3er time now

David Vernon Richards, Non-executive Director purchased 30,000 Common Shares of SDX Energy Inc. on July 27, 2017

A bit of large spread 47 v 48.50p, but the real price paid is much smaller

there is a large delayed on the ticker, paying 48.25p and someone managed to buy large at below 48p and got the MM moving to the bid.

So all good news

Level 2
now 2 v 1 ( from 1 v 2 )

RNS today........

Grant of awards under a new long term incentive plan ("LTIP") to the Executive Directors and certain other key employees of the Company

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, announces that on 31 July the Company issued awards under its long term incentive plan ("LTIP" or the "Plan") to its Executive Directors and certain other key employees.

SDX sought third party advice and used PriceWaterhouseCoopers and, in respect of Canadian legal matters, Borden Ladner Gervais LLP to advise on the new LTIP scheme. It is important to note that stretching strategic, operational, financial and shareholder return performance criteria must be met for the options to vest. The Company recognizes the need to ensure that Executive Directors and key employees from its operational, commercial, technical and financial divisions, who are critical to executing SDX's strategy over the next phase of its development, are retained and incentivized to generate long term value for shareholders. Furthermore, the Board believes that the three year vesting period and the requirement for a further two year holding period for Executive Directors, will act as strong retention factors.

As a result, in relation to its Executive Directors, the Company announces the following grants under the LTIP ("LTIP Awards") over the Company's common shares as shown in column 3 of the table below. These grants equate to 100% of each of the Executive Directors' salaries on 31 July 2017.

The number of shares subject to the LTIP Awards has been determined by reference to the mid-market price of a share on 28 July 2017 (GBP0.45 pence per share). In order to optimize the post-tax value of the LTIP for participants, the Company has granted market value options as defined under UK tax legislation ("CSOP Options") to the Executive Directors, over the number of Shares as shown in column 4 of the table below. The exercise price of each CSOP Option is GBP0.45 pence per share, being the closing mid-market price of a share on 28 July 2017.

47.75p +0.50 (+1.06%)

back in Canada last night close well up while here were a bit down for the day.
C$0.82 (C$+0.06) +5.13% volume 91339

Increased stake

MEA Energy Investment Company Ltd
before 26,919,437
now 29,219,437 - 15.63%

The Oil Man: SDX Energy, By Malcolm Graham-Wood | Wed, 6th September 2017 -

SDX Energy

SDX Energy (SDX) has announced that it has raised $10 million in a "massively oversubscribed" private placing at no discount to last night's close. Existing major shareholders MEA and Ingalls & Snyder, as well as pretty much all of the major institutions fought it out over what is a modest funding, but gives the company great opportunities with the drill bit in coming months.

In Egypt, SDX are planning to drill two exploration wells on the Kelvin and Bragg prospects targeting 150 bscf of prospective resources at a cost of $2.5 million each. There is significant potential here, the Kelvin prospect and South Disouq may be one large prospect with a continuous gas bearing section connecting them.

In addition to this, it may be possible to double the plateau rate from 50 to 100 MMscf/d which would make a huge difference to gas sales and achieve rapid profit payback, with this raise SDX will be fully funded for its programme until the end of 2018.

In Morocco SDX are, as predicted in recent notes, drilling two additional development wells at the Gharb Centre and Sebou permits respectively targeting 1.91Bscf in aggregate. These wells are in addition to the existing seven in the programme and are close to existing infrastructure for speed of startup and early cash generation.

These wells, at $2.5 million each which incidentally also includes connection to the customer, enable the company to benefit from allocating the relatively high mobilisation and demobilisation costs over 9, not 7 wells. As a result of this SDX is targeting an increase in gas volumes sales in Morocco by 50% over the next 2/3 years, and it should be remembered just how high margin this business is.

Following this funding, SDX is in an extremely strong position, funded through the end of next year with potentially significant, high margin projects with the addition of some very exciting exploration upside.

At the risk of repeating myself, the shares are extraordinarily cheap and should easily go back to and indeed break through the April high of 67.375p, which itself would still be incredibly good value.
-------------
· Fundraising completed by way of an oversubscribed simultaneous placing of, and direct subscription for, 17,559,455 new Common Shares at 43.75 pence per share raising gross proceeds of US$10 million

· New Shares represent 9.4 per cent. of the Company's pre-Fundraising issued share capital

· The Fundraising Price was equal to the closing mid-market price of the Company's shares on AIM on 5 September 2017

· The Fundraising includes a significant subscription by MEA Energy Investments Limited, an existing 15.6 per cent. Shareholder, taking its shareholding to 19.1 per cent.