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.

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%