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SNN Sanne Group Plc

921.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sanne Group Plc LSE:SNN London Ordinary Share JE00BVRZ8S85 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 921.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
919.00 920.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 921.00 GBX

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Date Time Title Posts
06/8/202107:12Sanne Group plc60

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Posted at 10/7/2021 09:58 by chasbas
Surely the longer that CINVEN talks to Sanne the higher the recommended agreed offer price? 950p anybody? However, it is frustrating that some of the UK's best (growth) stocks are being snapped up by PE and some trade buyers. Still it was ever thus. Frankly, I don't mind if CINVEN would walk away...Sanne is a great quality growth stock and I am happy to hold indefinitely.
Posted at 14/5/2021 08:46 by ka li san do
Interesting bid. Interesting timing of Chairmans recent share purchase
Posted at 12/3/2021 23:34 by thaiger
No posting for nearly 2 years!Has all shareholders sold up?Will be interesting to see what the share price will be after result next week.
Posted at 12/4/2018 11:06 by alphabeta4
Hi Chasbas. The Times yesterday had 'dealers unsettled by share placing' under their risers and fallers section.

FWIW I think it's likely to be an overreaction - it would be handy to have more detail but I suspect these are shares given under a buy as you earn scheme (I used to have something similar when I worked for a bank) with a three year vesting period, I.e. around the time of the Sanne listing in May 15. The share price in Sanne has nearly tripled in that time and certain employees have used it to take some chunky profits.

My thinking is I've looked back through the RNS list and unless I've missed something I can't see a RNS granting these awards to the employees (I may take a look at the finals in a minute to see if I can find anything in the share equity section). The closest I can find is some PDMR share awards in Apr-May 17. The PDMR list from that RNS shows thirteen eligible for awards so we know there are at least thirteen of them and we know from the placing list two were sellers. So basically none of the board and very few of the PDMRs were involved making it very much an employee exercise.

IMHO it looks a classic overreaction to me, luckily I had some trading shares I sold at £7 so I've today bought them back at £6.10! Looks a pretty good risk:reward to £7 from where I'm standing.
Posted at 11/4/2018 11:50 by chasbas
Share price now 610p: down 12% over last year.
Results on 22 March perfectly fine.
Placing on 5th April of 2.5% of equity at 660p (by employees but not Directors) probably was a negative warning.
Shares have been massively derated to approx 21x for current year but this is supposed to be a very high quality growth stock in an attractive industry.
Looked at chart - seems to me unlikely to fall below 580p.
12 month high was 837p!
I'm a strong holder unless I'm missing something?
Posted at 09/2/2018 10:07 by chasbas
TU on 6th Feb was fine: "...continued momentum in the second half means the Group still expects to report underlying earnings per share in line with the Board's expectations."

I subscribe to Stockopedia and do not like its StockRank of only 17 with StockRank Style of "Sucker Stock". The calculation of the StockRank is purely quantitative and mainly backward looking. Whilst I do not agree with the StockRank it is what it is and should not be ignored completely.

I am a strong holder of Sanne. The latest acquisition should be positive, as should the results on 22 March. Can anybody explain the share price weakness? share price is down 12% over last year.
Posted at 07/9/2017 07:22 by grabster
Interim results for the six months ended 30 June 2017

compared with 6m to June 30 2016

Revenue +104%
Underlying operating profit (1) +109%
Operating profit +59%
Underlying profit before tax (1) +105%
Profit before tax +54%
Underlying operating profit margin (1) +0.9%
Underlying diluted earnings per share (1) +60%
Underlying operating cash conversion (1) -18.4%
Interim dividend per share +31%


Highlights
- Group revenue for 2017 H1 increased by 104% to £56.3m (2016 H1: £27.6m) of which 15.3% was organic growth.
- Continued strong performance within each of the Group's business segments.
- New business with annualised fees of approximately £10m won in the first six months with a healthy pipeline continuing into the second half.
- Integration of prior year acquisitions progressing well with continued focus into the second half.
- Acquisition of IFS in Mauritius completed, broadening geographic footprint and significantly increasing scale and expertise.
- Continued strengthening of senior management team to deliver strategic capacity.
- Successful implementation of the new global operating structure.
- Development and expansion of the Group's fund technology capability continues to be a key focus.
- Larger office space secured in Hong Kong, Shanghai and Singapore to support growth in Asia-Pacific.
- Due to a change in the Group's expected effective tax rate, the Board now expects to deliver underlying EPS for the full year marginally ahead of its previous expectations.
Posted at 20/4/2017 15:40 by woodcutter
Someone dumped a shed load of shares today, the only institutions with that kind of holding on the register are:
Standard life
Liontrust
Blackrock
Wellington management

There may have been some insti share intra share trading but it's hurt the share price that's for sure.

woody

Seems like it was PDMR's
Posted at 29/3/2017 12:36 by chasbas
Thanks Alpha, there should be an investor presentation on their website later today.

Frankly, I'm reassured that the share price has held up OK as the results I think only met rather than exceeded expectations.

As you demonstrate, valuing SNN at roughly 600p is sensible but does assume significant ongoing growth. My angle is that it is a very high quality global growth stock with excellent strategy and management. It has momentum. Yeah yeah...anyway I'm a fairly happy holder.

Let's see if those target prices are reconfirmed over the next few days.
Posted at 29/3/2017 11:24 by alphabeta4
Chasbas - Apologies if this is vague but it is from my old notes and whilst it's in a format I trust when calculating my target price it wasn't something I planned to share!

I've been trying to calculate revised target prices after the two acquisitions in October and 30/11 and I then revised further after the January upgrade. What I did was assume the profits acquired then traded on the same forward PE and then scaled up the share price using the close from 2nd October (the day before the first acquisition). To do this was a bit crude but what I did is used bits in the RNS like op prf or EBITDA and then guessed a cautious tax rate of around a third. For the first one this was easier as there were no shares issued and I got a new target of £5.34 based on a new forward EPS of 17.68p.

The second one I had a net impact on EPS such that £6 would then have equated to a forward of 25. My notes had them paying $127.3m for an op prf of $18.4m which I then took off a third for tax (prob too much) for a purchase PE of c10.

I then took the 'materially ahead' statement in Jan to add 10% to this to give me a minimum of £6.60 before acknowledging we'd moved into a new financial year and before any synergies etc. So my Dec 2017 PE remained 25.

Apologies if this somewhat vague but it would take me some time to give a perfect answer when I already trust what I have done (though of course I don't expect you to!) I hope it still adds some value though on the figures and process I used to arrive at it.

FWIW as of mid February RBC had an £8.10 target and Berenberg £7.65. I suspect they've got this from using lower tax rates than me along with some forecast synergies/growth.
Sanne share price data is direct from the London Stock Exchange

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