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Scientific Digital Imaging

  • BY: Andrew Hore |
  • POSTED: 08/12/2008 |

Scientific Digital Imaging was introduced to Aim on 8 December at 12p a share.

The shares ended the first day’s trading at 12.5p each - 11.5p/13.5p.

SDI is a digital imaging technology provider to the scientific sector. Its products are used for DNA and protein analysis and other scientific areas.

There was pro forma net cash of £212,000 at the end of April 2008. Since then SDI has issued £379,000 of 9% convertible loan notes. These can be converted into shares at 70p a share.

SDI generated revenues of £5.7m and profits before reorganisation costs of £313,000 in the year to April 2008. This was all generated by US-based Synoptics Inc.

SDI bought two companies that manufacture high-sensitivity cameras prior to the flotation and it plans to acquire more companies in its sector.

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