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.