#SDY seems to fall out of favour quite easily, but there is a lot of support for the share price at this level and the company's update on 19th September was very promising as it expects to beat full-year forecasts.
On the strength of that report the share price picked up a little to 53p, but almost immediately slipped back. I subsequently bought at 51p. I know it's not quite the business it used to be, but its fundamentals are
pretty good and it boasts a s Stockopedia rating of 92 with a good Value rating. Forecast results have been rising steadily throughout the year, so it may be due a re-rating soon.
On the strength of that report the share price picked up a little to 53p, but almost immediately slipped back. I subsequently bought at 51p. I know it's not quite the business it used to be, but its fundamentals are
pretty good and it boasts a s Stockopedia rating of 92 with a good Value rating. Forecast results have been rising steadily throughout the year, so it may be due a re-rating soon.
Comment:
I decided to close my position at 61.5p on 5 Jan 2018, but could re-enter of the price cools from that level.
