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Silverdell

July 2008

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:
  • SID
  • Price:
  • 77p
Silverdell, the provider of asbestos removal services, produced unexpectedly disappointing interim results, which led to analysts downgrading forecasts for the full-year.  For the six months to 31 March turnover rose 75% to £27.3m, thanks to first full contributions from the Redhill and Kitsons acquisitions. However, operating profit fell two-thirds to £0.6m, leaving eps at 1.1p. The bugbear came from the original Silverdell (UK) business and was caused by the delayed start to two large contracts (the Shell Tower and the Regent Palace Hotel) and the resulting lack of expected follow-on work. In their place Silverdell undertook some lower margin work elsewhere. On a brighter note those two contracts eventually started in Mar ...

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Silverdell - Eps on track to rise 55% this year (February 2008)
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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.

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