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.

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!