Scientific Digital Imaging (SDI)

Scientific Digital Imaging SDI Logo

Designs and manufactures scientific and technology products for use in applications, including life sciences, healthcare, astronomy, consumer manufacturing and art conservation from 2.75% to 3.25%. 2019 trading so far is in-line, expecting to meet expectations

27-Jul-2018 – 40.5p – £36.3m – PER 17.8

Final Results For The 12 Months To End March 2018 – Revenue up 35% to £14.5m (2017: £10.7m) with Adjusted PBT up 70%+ by £991,000 to £2,300,000 (2017: £1,309,000).

I have not looked at this before but it has recently appeared on my Standard Tech Screen. I like the look of this update and may well look to take an opening position here. If not it will go on my Watchlist.

Subsequent Note: As this was a current Standard Tech Screen Qualifier I did some further analysis after reading an updated broker note on Research Tree and changed my view to Neutral – Details below…

25-Sep-2018 – 41.25p – £37.0m – PER 17.1

AGM Trading Update – A good start is about as much as I can glean from this.

I remain Neutral as based on growth forecasts it seems at best fairly priced (to me).

18-Dec-2018 – 34.5p – £30.9m – PER 13.3

Interim Results For The 6 Months To End October 2018 – Record breaking – Revenue up 23%, Adjusted PBT up 32%, outlook for the current year remains comfortably in-line with market expectations.

I considered this fairly priced last time I looked (41p) but this looks quite encouraging. I will keep an eye out for updates (upgrades) here and re-evaluate that 41p fair price.

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