"Approximately 45% of its sales are Amalgam products, 21% Whitening, 25% Aesthetics, and 9% small dental equipment. The Company’s R & D spend in the current and future years will be maintained at the current levels and directed towards developing new and improved Aesthetic products to increase the Company’s overall sales mix of these products as Amalgam products have a substantial silver raw material cost".
45% of sales from Amalgam Products. Just shows how sensitive to silver price SDI is. Recent fall in silver price very important. Will it stay down ?
"Inventories increased by $1.6m due to the additional stocking levels required for the Group’s off shore packing. Receivables increased by $2.2m predominately due to the large sales in the last month of the financial year".
Just a couple of interesting observations from the annual report. Cheers - alnby
SDI Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held
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