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New share tip: Silverdell - it's time to buy

Tom Winnifrith
Thursday 23 May 2013

Having added shares in specialist environmental support services group, Silverdell (SID) to the Recovery portfolio of my Nifty Fifty website at a 17p offer price in January I clearly do not look entirely Buffetesque with the shares now trading at a 14p mid. They took a bit of a beating yesterday so is anything wrong?

The company announced a trading statement on 12th April. Its results are on 5th June. It thus cannot comment on financials but if something had gone wrong it would have had to say so. It has not. The only news (yesterday) is the appointment on a Non Exec – John Matthews. He seems like a solid if dull fellow. No problems there.

 

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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