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SDI Group

  • BY: Andrew Hore |
  • POSTED: 02/10/2009 |

SDI Group says that its results for the six months to September 2009 will be in line with expectations.

The systems integrator for materials handling systems for distribution centres says that trading conditions remain challenging and it is difficult to predict if customers will commit to high cost capital projects. Enquiry levels remain high.

SDI has reduced costs and standardised systems. Customers have been stretching payment times making it difficult to improve working capital.

At 7.125p a share, down 0.625p on the day, SDI is valued at £7.79m.

Near the end of July 2009, chief executive Gordon Smith acquired 495,000 shares at 6p each and finance director Steve Butler bought 20,000 shares at 6.5p each.

The interim figures will be announced in the second half of November 2009.

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