SDI Group (SDI)

Sector:

Health Care

Index:

FTSE AIM All-Share

51.50p
   
  • Change Today:
      2.00p
  • 52 Week High: 91.70
  • 52 Week Low: 36.25
  • Currency: UK Pounds
  • Shares Issued: 97.50m
  • Volume: 114,721
  • Market Cap: £50.21m
  • RiskGrade: 105

SDI acquires Norfolk-based business Chell Instruments

By Iain Gilbert

Date: Monday 02 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Digital imaging products manufacturer SDI Group acquired Norfolk-based outfit Chell Instruments on Monday for £4.2m, plus an additional cash payment for net assets at completion.
SDI expects the acquisition of Chell, which specialises in the design, manufacture and calibration of pressure, vacuum and gas flow measurement instruments for a variety of sectors, to be earnings enhancing in its first full year of ownership.

For the year ended 31 December 2018, Chell achieved revenues of £4.7m, gross profits of £2.5m and pre-tax profits of £780,000.

The AIM-listed group said it had already identified areas within Chell that hold the potential for growth using the "strong management team" it had recruited.

Chairman Ken Ford said: "Chell Instruments is another step in our group growth strategy. It is a complementary fit providing potential areas for growth.

"The acquisition is in line with our previously announced strategy of organic and acquisitive growth and is expected to be earnings enhancing in its first full year of ownership."

As of 0835 GMT, SDI shares had picked up 1.49% to 68p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SDI Group Market Data

Currency UK Pounds
Share Price 51.50p
Change Today 2.00p
% Change 4.04 %
52 Week High 91.70
52 Week Low 36.25
Volume 114,721
Shares Issued 97.50m
Market Cap £50.21m
RiskGrade 105

SDI Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
17.33% above the market average17.33% above the market average17.33% above the market average17.33% above the market average17.33% above the market average
12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average
Income Not Available
Growth Not Available

SDI Group Dividends

No dividends found

Trades for 01-Jul-2020

Time Volume / Share Price
16:15 900 @ 51.05p
16:08 300 @ 51.05p
15:48 565 @ 52.00p
14:30 2,000 @ 51.95p
14:14 4,000 @ 51.90p

SDI Group Key Personnel

CEO Mike Creedon
CFO Jon Abell

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