Sondrel (holdings) Share Discussion Threads

[topvest] 06/8/2009 10:30

Nice to see directors buying this week as well. Think this is well placed now to weather the storm and deliver a 50p share price in 2-3 years, with a slow build up in the dividend from the lower base and repayment of debt. Will be a long haul, but think they will now succeed.

[battlebus] 05/8/2009 22:59

tempted to take my 20% profit but believe we can see a doubling of price mid term. Imho a 20% spread at these low prices will easily pay for itself. Up what 80% in a week.

[ukinvestor220] 05/8/2009 13:07

and the spread - 20% jeez

[wjccghcc] 04/8/2009 11:58

Agreed. Been buying in here since the debt rescheduling. 50% recurring revenues and still reasonably cashflow positive in what should be their worst half in the current downturn. The main problem is the liquidity.

[topvest] 04/8/2009 09:40

Looks like we have seen the bottom now. Will be a long recovery, but recover this should do. Debt is very manageable - think they have learnt their lesson on the debt front and will pay down over the next 2/3 years. Underlying business is fairly sound.

[topvest] 04/8/2009 09:39

Looks like we have seen the bottom now. Will be a long recovery, but recover this should do. Debt is very manageable - think they have learnt their lesson on the debt front and will pay down over the next 2/3 years. Underlying business is fairly sound.

[battlebus] 04/8/2009 08:38

On the move again. 15p in six months?

[kfp] 03/8/2009 09:23

topvest
I reckon snd are on a p/e of 3.5,is that right ?

[topvest] 03/8/2009 08:49

Yes, very positive. Looks like the have stabilised things for the medium term. Will be worth a lot more in 3/4 year's time and the debt is now manageable.

[kfp] 03/8/2009 08:23

This has got to be good news !
Just invested for the first time.

RNS Number : 7255W
Sanderson Group PLC
03 August 2009

?
For Immediate release
3 August 2009

SANDERSON GROUP PLC
New Financing Arrangements

Sanderson Group plc ("Sanderson" or "The Group"), the software and IT services
business specialising in the multi-channel retail and manufacturing markets in
the UK and Ireland, on 30th June 2009, within its interim results for the period
ended 31st March 2009, announced that it was in advanced discussions with its
bank, Royal Bank of Scotland plc, to reschedule and extend repayment of the
Group's remaining bank debt while also resetting the covenant suite to more
appropriately reflect the current market environment.

These discussions have now concluded to the Board's satisfaction and the Group
has signed a new term debt facility agreement extending the term to June 2014.

The Group has a robust, cash generative, business model with over 50 per cent of
revenue derived from annual licence, support and maintenance contracts.
Notwithstanding current challenging market conditions, the Group continues to
trade in line with market expectations. An interim dividend of 0.2 pence per
share will be paid on 21 August 2009, to shareholders on the register at close
of business on 24 July 2009.

[doj4rivers95] 11/7/2009 18:28

Topvest - you are not alone . Imo the dividend they can keep - after the tax , there will be very little left. SND is a little worse than watching paint dry . I additionally think, this is long term hold . I shall add some more, if something else I hold, will ever turn a profit .

[topvest] 30/6/2009 08:00

Interims look fairly solid. Looks to me that they have things under control now and the quality of their revenue streams should underpin their discussions with banks. Dividend is the best that could have been expected imho and debt reduction very positive.

[topvest] 16/4/2009 12:16

This is either a real bargain or in distress. There seems to be a seller which has drifted the price down even further.

[topvest] 27/3/2009 19:55

Recently added some shares in this company. Looks a reaonably good price for recovery and on a 10% prospective yield. Debt is high at £10m, but this should come down quickly with a highly cash generative business, a reduced dividend and no tax currently being paid. Anyone else hold?

[tole] 13/6/2008 10:41

Sanderson Group reports continuing demand from retailers, positive for K3
Commenting on 1H08 (March 08) results (revenues £13.0m, EBITDA £2.0m (£1.4m in March 07), PAT £0.8m) Sanderson Group Chairman Christopher Winn said the company expects a stronger trading performance in the second half year.
It also reported that "notwithstanding the well-publicised uncertain economic outlook faced by some large high street retailers" it is experiencing strong levels of activity, notably from smaller general retailers and those with online trading.
Subsequent to the period end Sanderson reports a £1.0m contract from a large retailer, to be completed in FY08.

[barn owl] 12/6/2008 08:37

Good solid results from this small company today.
Good luck all.

[tole] 09/5/2008 10:56

Well ive had it on the monitor a little while now - though just half heartedly watching at present - just no interest on the boards.

Nice write up the other day though -

[jimbaloo] 16/4/2008 10:17

I'm looking for a forum on SND - where is everyone????

[bigbigdave] 04/5/2006 07:33

Should bounce from here then

[saltedcrab] 12/12/2005 16:03

hopefully will have another warning and ill buy some at 35p. fingers xxd

[liarspoker] 21/11/2005 13:38

Been buying every day since the RNS. Top price 150p for 5K but am in profit ( a little )on average. Bought EME this lunchtime, 15K @ 137p.

[cambium] 21/11/2005 13:30

when did you buy VOG.. not today I hope. Could be the next CNE. Good luck, I'll have a look at EME

[liarspoker] 21/11/2005 13:25

Hi Cambium - nice thread, like the directors wife buying.

Will research this tomorrow, got my hands full monitoring VOG and researching EME.

[cambium] 21/11/2005 13:24

Nice dealings this afternoon

[cambium] 21/11/2005 13:23

SANDERSON GROUP has been spun out of the privatised SANDERSON ELECTRICS which rewarded its shareholders very well.Very experienced management strong forward revenue.And stripping out the £5m cash on a forward p/e of less tham eight...seems a no brainer to me

ps the first part of the old sanderson is civica which has performed well to date


Since early August, when the Board announced that a new term debt facility had
been agreed with the Royal Bank of Scotland, the Group has experienced an
improvement in trading. In contrast to the general instability and uncertainty
which prevailed across the wider economy in the late summer of 2008, the Group
has enjoyed a strong finish to the financial year just ended and the Board
anticipates that the trading performance for the year as a whole, will be
slightly ahead of current market expectations.


Although still at an early stage, the new financial year has seen this improved
trading momentum continue, with a number of key new orders having been either
won, or in the latter stages of negotiation.


The Group continues to be cash generative and its robust business model,
underpinned by strong pre-contracted recurring revenues places the business in a
favourable position to grow organically as markets improve.