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  1. #21
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    Indeed. AUD/Silver has been a perfect storm against them for several years. I could see SDI at 70cps by year end, but, management don't have a good track record for straight talk, shareholder interests and capital management, so this is definitely not a no risk play.
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  2. #22
    ? steve fleming's Avatar
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    Quote Originally Posted by Stranger_Danger View Post
    Indeed. AUD/Silver has been a perfect storm against them for several years. I could see SDI at 70cps by year end, but, management don't have a good track record for straight talk, shareholder interests and capital management, so this is definitely not a no risk play.
    Reached your 70cps target today, with 5 months to spare.

    Looks like some decent board rejuvenation happening at the moment as well.
    Share prices follow earnings....buy EPS growth!!



  3. #23
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    Yeah, there are a lot of shares moving mighty fast, including SDI. I'm always a bit worried when investment is too easy and it is starting to get too easy. Someone who made their first ever sharemarket investment this year gave me a stock tip the other day (XRO).

    The next set of results will have to be decent to justify the share price - remember, SDI was in breach of their banking covenants at their last report.

    If the price keeps moving, I hope the directors take advantage of a strong share price to raise some equity towards a stronger balance sheet and/or an intelligent acquisition.

    They missed the opportunity when the share price went up 20 fold in the early 2000's - the CEO sold a few million of stock to buy a house, and that was it. This lack of action really hurt them when things turned down, and it wasn't long ago that the debt roughly equalled the market cap.
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  4. #24
    percy
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    Pleasing result out yesterday.Net profit forecast for the year is between $5.2mil and $6mil.EPS for the 6months were up from 1.9 cents to 2.3cents.Nice surprise is that they will pay a 2cent divie.

  5. #25
    ? steve fleming's Avatar
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    Quote Originally Posted by percy View Post
    Pleasing result out yesterday.Net profit forecast for the year is between $5.2mil and $6mil.EPS for the 6months were up from 1.9 cents to 2.3cents.Nice surprise is that they will pay a 2cent divie.
    that would be a nice surprise Percy, unfortunately only 0.2 cents!
    Share prices follow earnings....buy EPS growth!!



  6. #26
    percy
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    Whoops!!!
    Got that wrong!!!!

  7. #27
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    Percy,

    Full year forecast out now. And it looks like they have turned a corner. I love turnaround stocks as you can pick them up for a bargain. CVT.NZ a recent example.

    Quick Summary
    -after tax profit in the range of $5.7m to $6.2m compared to $4.7m for the same period last year. This should result in eps=0.05
    -Second half sales are up "sales increase of 3.8% when allowing for currency fluctuations". First half sales were flat in constant currency terms.

    At the half year, NPAT was $2.7mill. However, this included a tax benefit of $0.2mill. So second have has been strong at the bottom line. Perhaps $3.2mill for the second half. Annualise that and you get a pe<10.

    As 90%of their sales are outside Australia, they should not be too affected by the limp aussie consumer. Exchange rate is key.

    DISC:Holding
    No advice here. Just banter. DYOR

  8. #28
    percy
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    Thanks noodles.
    Still holding,full year result due 25th August.
    Should get GLH's result about the same time.

  9. #29
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    SDI was possibly one of my first multi-baggers back in 2001-2003. For the most part since then it has been a bit of a dog. But I picked up a few following the recent profit guidance. First time I've held in over 10 years!

  10. #30
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    Also Under the Radar Report, for the most part a pretty average newsletter, tipped them last night which explains some of today's spike

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