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.

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