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    SDI   GB00B3FBWW43

SDI GROUP PLC

(SDI)
  Report
Delayed London Stock Exchange  -  11:35 2022-06-24 am EDT
158.00 GBX    0.00%
03/28SDI Buys Safelab Systems in $10 Million Deal
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03/28SDI Group plc Provides Earnings Guidance for the Year Ended 28 February 2022
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03/28SDI Group plc agreed to acquire Safelab Systems Ltd for £7.7 million.
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SDI Group plc agreed to acquire Safelab Systems Ltd for £7.7 million.

03/28/2022 EDT

SDI Group plc (AIM:SDI) agreed to acquire Safelab Systems Ltd for £7.7 million on March 24, 2022.Total consideration is forecast to be approximately £7.7 million, net of cash acquired. Initial consideration of £5.5 million, of which £5.3 million paid in cash and £0.2 million in ordinary shares of 1 penny each in the capital of the Company at a price of 169.9 pence per Ordinary Share. The shares issued are subject to a one-year lock-in agreement and payment in cash shortly after completion, equivalent to the net tangible assets of Safelab at completion, currently estimated at £2.9 million and which net tangible assets are estimated to include £0.7 million of cash and no bank debt. The net assets include freehold ownership of Safelab's manufacturing facility, valued at approximately £1.2 million. The cash consideration will be funded from existing cash resources and from the Group's revolving credit facility with HSBC UK Bank. finnCap Ltd acted as financial advisor to SDI Group plc.


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All news about SDI GROUP PLC
03/28SDI Buys Safelab Systems in $10 Million Deal
MT
03/28SDI Group plc Provides Earnings Guidance for the Year Ended 28 February 2022
CI
03/28SDI Group plc agreed to acquire Safelab Systems Ltd for £7.7 million.
CI
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2021TRANSCRIPT : SDI Group plc, Q2 2022 Earnings Call, Dec 10, 2021
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Financials
Sales 2022 49,0 M 60,2 M 60,2 M
Net income 2022 - - -
Net Debt 2022 0,40 M 0,49 M 0,49 M
P/E ratio 2022 25,1x
Yield 2022 -
Capitalization 157 M 192 M 192 M
EV / Sales 2022 3,20x
EV / Sales 2023 2,88x
Nbr of Employees 300
Free-Float 88,3%
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Mean consensus BUY
Number of Analysts 0
Last Close Price 158,00 GBX
Average target price 265,00 GBX
Spread / Average Target 67,7%
EPS Revisions
Managers and Directors
Michael John Creedon Chief Executive Officer & Executive Director
Jonathan Paul Abell Chief Financial Officer & Secretary
Eric Kenelm Ford Chairman
Isabel Josephine Sutherland Napper Independent Non-Executive Director
David Tilston Independent Non-Executive Director
Sector and Competitors