SDI - SDI Limited

[divs4ever]

they have just dumped Amalgam products once they dropped to an irrelevant size in the overall business.

that is a shame , because i used to joke they were my primary silver exposure , before BHP loaded me up with S32

but realistically i try for healthcare sector exposure without the complex regulation of the FDA/TGA and long expensive safety trials ( ii still hold PSQ and held ONT up to the take-over )

 

[divs4ever]

Trading Update

MELBOURNE, Australia – SDI Limited (ASX: SDI) today announced that preliminary unaudited sales in Australian Dollars, for the six months ending 31 December 2023 increased by 3% to $52.1 million compared to $50.5 million for the corresponding period last year (pcp), a record first half performance.

This result reflected the strong increase in European sales, offset by the continued reduction in Amalgam sales, down 12% on pcp. Additionally, during the first six months of the FY24 financial year, product margins increased by 5%, reflecting further improvements in logistic costs and regional market and product mix.

Finally, operating expenses continue to be well managed, despite continued inflationary pressures.
For the six months ending 31 December 2023 net profit after tax is expected to be in the range of $2.8 million to $3.4 million compared to $2.7 million for the corresponding period last year.
The Half Year results (Appendix 4D) will be released on February 27, 2024.

This announcement has been authorised by the Board of Directors of SDI Limited.

i hold SDI

a bottom drawer stock for me ( buying at 45 cents in 2018 )

 

[galumay]

Nice little update! Not so good for you @divs4ever - further erosion of your silver play!

 

[divs4ever]

Nice little update! Not so good for you @divs4ever - further erosion of your silver play!

well silver ( in the stock market ) hasn't been so kind to me much like nickel ( with a couple of exceptions )

not so happy to see them focusing on Europe either ( which i consider is a failing state )

but maybe the French peasants will start something again

 

[galumay]

Pretty solid trading update for SDI this morning, pretty well in line with expectations, but still good to see the ink on the paper.

 

[galumay]

SDI with a good FY 2024, as expected. NPAT a bit stronger than guidance. Would have liked to see them reduce/stop dividends to help finance the relocation, so will have to watch the debt carefully from here.