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SDI Group

May 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SDI
  • Price:
  • 52.5p
Ahead of results in July, SDI has announced that it will meet market expectations for FY 20 of an adjusted pretax profit of £4.2m. Decisive action to reduce costs following the lockdown on 23 March has ensured that it has traded profitably in March and April but uncertainty over the duration of the COVID-19 lockdown is prompting a withdrawal of FY21 guidance. SDI has reduced costs, including a temporary (3 month) 33% cut to board salaries and furloughing 19% of staff (c.45 staff est.), which will save c.£100k per month. Tipped at 21p in March ‘17, we took some profit at c.90p. Hold the rest. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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