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SDV - SciDev Limited

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I am going to choose SDV for June 2020 Tipping Comp.


Tues 5 May 2020, this announcement gave a slight and brief upshot.
Services Agreement in the Infrastructure Sector
44hkh7qwwbs8xq.pdf
This is work in Melbourne's Metro Tunnel Project.

I wonder what it will take for SDV to test its highs again?
 
Picked this up today at 0.60c after being recommended it a few weeks ago.

June report should tell whether it was a good recommendation or not.
 
For July Tipping competition, I am choosing SDV again despite its drop during June. (Real reason, I can't think of anything else.)

Here is an announcement from last Friday about some delays Canadian Oil Sands trial.
44jzh7r2469sth.pdf
Can't blame them for their decision to delay sending staff over there.

Oh well, things will be better. I do not hold. If only I had specie funds?
 
I wished I picked SDV for August Tipping Competition. If only I gave it one more month but I didn't

44lptjnrbdbwtm.pdf

It is up 17.6% now right due to this announcement. Even though it is a trial, BHP Olympic Dam looks like becoming a major client one day.
 
.. traction ...

FY20 Financial Highlights
▪ Revenue from customers increased by 518% to $18m (FY19: $2.9m)
▪ Cash receipts for FY20 increased to $20m (FY19: $2.8m)
▪ Net cash position at end of period of AUD$4.4m, with AUD$4.8m inventory at hand

FY20 Operational Highlights
▪ Strategic joint venture agreement signed with Nuoer China, allowing both companies to use their collective strengths to accelerate attractive global business development
▪ Acquisition of ProSol Australia Pty Ltd and Highland Fluid Technology Inc.
▪ Major wins across several verticals, including Iluka’s Jacinth Ambrosia mineral sands operation, MMG Limited’s Las Bambas copper mine, and Syncrude’s full-scale Tailings Centrifuge Plant

▪ Post the end of the financial year the Company announced:
- An expanded contract for the provision of professional services on the Melbourne Metro Tunnel Project
- A partnership with Flotek (NYSE: FTK) to deliver friction reducing chemistries for a 4-well trial program with a major US-based exploration and production company which has operations in the Eagle Ford Shale Basin
- Completion of AUD$5m Placement and $2m Share Purchase Plan , @ $0.65c per share
- Six month trial with BHP at the Olympic Dam South Australian operation
 
Came across ScidevSDV @ 0.70c as really liking the potential noting below recent announcements.

SciDev is a leader in the development and application of services, chemistry and process control for solids-liquid separation. SciDev brings together world-class technology, chemistry, management & manufacturing capabilities to solve pressing operational & environmental issues for the Mining, Water Treatment, Oil & Gas and Construction markets.

Cashed up having raised $7M @ 0.65c with Director's buying large parcels on-market last week around .65c to .67c as well (great vote of confidence imo).

SciDev chemistry to be trialled at BHP's Olympic Dam

▪ SciDev has received a trial order from Olympic Dam, Australia’s largest copper mine
and one of the world’s most significant polymetallic deposits.
▪ The trial is scheduled to last for approximately 6-months, commencing in the
December quarter of CY2020.
▪ The trial includes an initial A$1m purchase order for SciDev’s MaxiFlox chemistry,
reflecting approximately 3-months of consumption.
▪ SciDev’s MaxiFlox chemistry and process applications are being used at a growing
number of key global copper mines reflecting the benefits of the Company’s bespoke
solutions.

SciDev Market Update – Activity Levels Returning in US Oil Sector

▪ Activity levels are normalising within the US oil & gas sector, driving increased
demand for Highland Fluid Technology (HFT) chemistry and professional services
▪ In the recent weeks HFT have executed several new contracts and business initiatives
including:
▪ Successful project commissioning to reuse oil field water for a major E&P
company using HFT water treatment technology and equipment
▪ Extension of a purchase order from a major South Texas E&P company for
completion fluids
▪ Commitment for HFT’s largest dry-polymer customer to shift from commodity
polymers and utilise SciDev bespoke chemistry offerings
▪ Major European Oil Company hires HFT to provide product development and
application support of new environmentally-friendly performance chemistry
▪ Continuation of chemistry development initiatives, with several HFT staff
working with a major American multinational oil & gas corporation
▪ The relationship with Flotek (ref ASX 21 July 2020) continues, with HFT fluids
being used on a multi-well drilling program in the Eagle Ford Basin and
expanded to the Unita Basin in Utah with positive initial results
▪ HFT is on track to deliver >A$2m of revenue for Q1FY21 (A$1m in Q4FY20) with
expectations for significant further revenue growth in 2H FY21
▪ The trial order between SciDev and Syncrude, one of Canada’s largest oil
producers (ref: ASX 26 June 2020) remains scheduled for commencement in
2H CY2020. SciDev chemistry has landed in Canada and is on track for trial in
September

DYOR as always .. Cheers tela
 
SciDev SDV developments & revenue explained below:

Scidev Ltd (ASX:SDV)

SciDev is targeting the global US$10bn water treatment, N.A oil & gas and mineral processing markets with its unique and bespoke chemistry solutions for tier-1 customers.
www.smallcapinsider.com.au
 
SDV in closing yesterday @ .67c was able to bounce off its 200 day moving average, an important long-term support line.
 
Telamelo said:
SDV in closing yesterday @ .67c was able to bounce off its 200 day moving average, an important long-term support line.
Click to expand...

SDV New Canadian trial imminent:
Scheduled to occur late Sep/Oct '20, SciDev SDV commented that the trial could generate as much as $1M+ of revenue and is anticipated to last for approximately 2 weeks.

During the trial, the focus will be on using SciDev’s chemistries in Syncrude’s CND$1.9 billion full-scale Tailings Centrifuge Plant.

SciDev further pointed out that its staff will be on-site in the Canadian plant to support the trial and ensure it is successfully performed.

The company added that fluid tailings management is an area which has been placed under increased regulation in the Canadian Oil Sands industry.

Commenting on the transaction, SciDev Managing Director and CEO, Lewis Utting said:

“The order from Syncrude represents SciDev’s first entry into the oil sands sector, a significant potential area of growth for SciDev. We are pleased that our offering is continuing to be recognised in the oil and gas sector, which we believe is an exciting area of growth for the Company.”

Back in late February '20, SciDev released its 1H20 financial results whereby the company reported revenue of $6.12 million for the half, representing a massive +382% increase on the prior corresponding period of 1H19.

Then recently in August '20, SciDev raised $7M in cash @ 0.65c to advance near term growth projects. Huge potential growth projected into 2020/21 and beyond imo as ticking all the boxes.
 
SciDev SDV FY20 Financial Highlights:

▪ Revenue from customers increased by 518% to $18m (FY19: $2.9m)
▪ Cash receipts for FY20 increased to $20m (FY19: $2.8m)
▪ Net cash position at end of period of AUD$4.4m, with AUD$4.8m inventory at hand plus additional $7M raised @ 0.65c about 1 month ago

FY20 Operational Highlights:

▪ Strategic joint venture agreement signed with Nuoer China, allowing both companies
to use their collective strengths to accelerate attractive global business development
▪ Acquisition of ProSol Australia Pty Ltd (ProSol) and Highland Fluid Technology Inc
(Highland)
▪ Major wins across several verticals, including Iluka’s Jacinth Ambrosia mineral sands
operation, MMG Limited’s Las Bambas copper mine, and Syncrude’s full-scale Tailings
Centrifuge Plant
▪ Post the end of the financial year the Company announced:
▪ An expanded contract for the provision of professional services on the
Melbourne Metro Tunnel Project
▪ A partnership with Flotek (NYSE: FTK) to deliver friction reducing chemistries
for a 4-well trial program with a major US-based exploration and production
company which has operations in the Eagle Ford Shale Basin
▪ Completion of AUD$5m Placement and $2m Share Purchase Plan (SPP), both
completed at $0.65c per share
▪ Six month trial with BHP at the Olympic Dam South Australian operation

SDV FY21 Outlook:

The focus for SciDev during financial year 2021 includes:
• Ensuring the safety of all SciDev staff amid COVID-19.
• Realise continued revenue growth through the execution of SciDev’s business development
pipeline across its target verticals.
• Continued focus on cash generation and tight cost controls.
• Upgrading the Kings Park manufacturing facility for the supply of SciDev chemistry into the
domestic infrastructure and mineral processing sectors.
• Capitalising on our joint venture with Nuoer improving our supply capability.
• Building on momentum in the construction sector globally.
• Expanding our presence in oil & gas in North America and progressing outstanding projects.
• Accelerating initiatives in the waste water and water treatment sector.
• Extending SciDev’s technology in the precious metal and base metal sectors.
• Continuing to progress discussions with strategic technology partners.

DYOR .. Cheers tela
 
Gees with overseas markets deep in the red unfortunately impacting our SDV price action/chart as it appears bearish in the short-term imo we just nudged 0.645c this morning (below cap. raising price).

market depth sadly reflects this:

23 buyers for 106,253 units vs 61 sellers for 529,406 units
 
Garpal Gumnut said:
SDV is one of my picks for Y2021 Comp.

Scientists cleaning up after everyone who drills, digs, spurts, slurps or tunnels could sum this little monster up.

Thanks @Faramir and @Dona Ferentes for bringing SDV to my attention during the year.

gg
Click to expand...
I like them .... HQ is 8 Turbo Rd, Kings Park, just past Blacktown (can't even find signage according to Google Maps)
 
@Garpal Gumnut Can I pick SDV as one of my four stocks for Tipping Comp 2021? I didn't think I actually made much of a contribution. I just like companies that can clean water. Trouble is, Governments, companies (and mainly people) expect water to be free and are not willing to pay the real cost of getting it cleaned.

(I think by the time I will seriously think about putting a specie about of funds into the stock, FOMO will hit me and I will miss the boat. Whenever I feel FOMO, I freeze and do something else instead of buying stocks.)

In this COVID environment, how do they drum up more business in USA?

It's a record sales!

Here is a chart:


If they kick a few more goals next year, I am expecting the volume to increase.
 
I believe SDV would be a good pick for you for the 2021 Comp.

I'm certainly more conscious of the need for investors to look at the ecological consequences of companies in which they invest and SDV for me ticks many boxes. It just makes sense. I have it in my SMSF and sold WPL to get a decent stake.

Plus they walk the talk and make a quid out of it.

gg
 
SDV is my top pick for the 2021 competition. I'm liking this purely based on technicals. Nice ascending triangle on the weekly timeframe, 8 EMA is holding above the 21 EMA and I'm also liking those wicks coming into the ascending trend line producing higher lows. All going well, this should provide for a nice 2021 for SDV.

 
quarterly out: firing on several cylinders

Q2 FY2021 Highlights

▪ Record quarterly cash receipts of A$10.2m and sales of A$8.9m (versus cash receipts of A$5.6m and sales of A$9.4m 1QFY21)
▪ Record net cashflow from operations of A$1.8m
▪ Strong performance from the Oil & Gas sector with A$4m in sales
▪ Gross profit margin for the quarter was consistent with the previous quarter
▪ Strong business development pipeline with field qualifications ongoing
▪ Net cash at end of the quarter of A$7.1m
 
Three year chart, daily, for SDV:



First year and a half, Jan 2018 to June 2019, boring. Only punctuated by a Split (S) in Dec 2018. Getting house in order.

Then a few nibbles early in 2019 until the volume spike late June. (no discernable event, stale holders moving out? Tartana?) Marks the beginning of the rise, to become close to 10 bagger in 9 months.
After which Covid laid all good plans to waste.
But a quick recovery and growth trajectory.

What I want to do is figure out if Jun/ Jul 2019 is predictable, for an outsider.
30 April - New MD
May - USA initiatives, new Board member
Jun- Jul. Tartana (19.9% SDV) failure to IPO
22 Jul - US oil & gas first sales
Aug - Sep - sales growing
Aug / Sep - Iluka LT contract and first sales
Sep - Cap Raise at 26c ($4.6mill)
Oct - acquire ProSol
2020
Jan - acquire Highland Fluid Technology
Jul - Placement & SPP @ 65c ($7mill)

SciDev is focused on fine particle separation chemistry (colloid chemistry).
SciDev Solutions
... solids-liquid separation in the Mining & Mineral Processing sector.
... recycle, reuse and minimise oilfield water waste Oil & Gas.
... reduce costs and operational downtime in the Construction & infrastructure sectors.
... Wastewater - treatment and products for the industrial, F&B, and municipal water sectors.

Anything discerned?
The biggest sector doesn't necessarily get the sales. O&G is where growth is happening
Lots of little jobs = demands on sales team, contacts
Need to hold inventory
Getting to scale, or still a small outfit in a set of dispersed industries, each with their own needs?
Institutions on board - holding for longer?

Nov 2020 shareholder composition
Nuoer Group 6%
Board and Management 8% <------- low
Institutional 21%
Retail 65% <------ high
 
1HFY21 REVENUE A$18.3m .. YOY +300%
CASH AT BANK (31 DEC 2020) A$7.1m

Recent Significant Contract Wins
Shell .... Secondment of HFT staff to Shell to provide product development support
FloTeck ... Partnership to deliver friction reducing chemistries to a major US E&P producer
Melbourne Metro ... Provision of chemistry and professional services on Melbourne Metro Tunnel
Iluka ... 3year contract at Jacinth Ambrosia minerals sands operation
YanCoal ... Ongoing activity within the Hunter Valley coal fields

Recent Field Validation Work
Syncrude ... Field qualification at one of Canada's largest oil sands producers
BHP ...... Field validation at Olympic Dam copper mine
OZ Minerals ... Provision of chemistry for Prominent Hill copper mine
Eramet ... Provision of chemistry and technology in New Caledonia
MMG ..... Continuous validation work with Las Bambas copper mine

and, on Friday: SciDev extends relationship with ExxonMobil
▪ SciDev has signed a purchase order with ExxonMobil for the provision of chemical and professional services with an approx. value of USD$0.5m
▪ The new purchase order is an extension of the work SciDev, through its US based subsidiary, Highland Fluid Technology Inc. (HFT), conducted with ExxonMobil in 2020
▪ HFT facilities and professional services have been contracted to formulate a lightweight drilling fluid to be utilised in the field, with Highland Fluid’s patent pending TrueMud™ technology to be used by ExxonMobil on a large-scale international operation
 
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