Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

Forecasts are conservative, the shares are on about 11x this and it looks to us that profits will continue to grow over the next 2 years. There is a chance that some of the 12% outstanding it owns in itself may be cancelled as well. We are happy to buy the shares here. 70% of Sodick’s sales are electro-discharge machines (EDM’s). These are used to make molds or die casts, in particular plastic molds for very small and sophisticated products. The company has a 30% global share competing with…

Forecasts are conservative, the shares are on about 11x this and it looks to us that profits will continue to grow over the next 2 years. There is a chance that some of the 12% outstanding it owns in itself may be cancelled as well. We are happy to buy the shares here. 70% of Sodick’s sales are electro-discharge machines (EDM’s). These are used to make molds or die casts, in particular plastic molds for very small and sophisticated products. The company has a 30% global share competing with…

Sodick Co Ltd

Sodick (6143) - Still a BUY