Sanne Share Discussion Threads

[horseyphil] 06/8/2021 07:12

So we have a bidding war between Apex and Cinven. Anything less than 950p looks unlikely. Could it be closer to 1000p?

[horseyphil] 17/7/2021 11:21

Negotiations have gone on so long that it's hard to imagine a deal not being done. Very unlikely to be <900p and wouldn't rule out something closer to 950p. Surprised that the it's trading as low as 820p.

[chasbas] 10/7/2021 09:58

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.

[horseyphil] 14/6/2021 19:57

Doubt that Cinven will baulk at raising the bid by the 15-25p it might take to get a Board recommended offer - unlikely they would put this kind of effort in unless they have a clear 5-year growth plan for the company, and that probably involves beefing up the US operation through further acquisitions.

Asset management services is a hot sector that's destined for major consolidation over the next decade.

[ka li san do] 14/5/2021 08:47

Interesting bid. Interesting timing of Chairmans recent share purchase

[ka li san do] 14/5/2021 08:46

Interesting bid. Interesting timing of Chairmans recent share purchase

[w1lbur01] 13/5/2021 21:24

Sanne joins list of London-listed targets as Cinven makes £1.3bn approach

[martinthebrave] 19/3/2021 10:38

Happy with Results. Particularly like the reference to forecasting "At least In Line" for 2021 after less than 3 months of the year. Return to Double Digit Organic Growth in 21 is also good to see.

[w1lbur01] 19/3/2021 09:10

Likewise bought some slightly higher, results look good , growth and divy .

[thamestrader] 19/3/2021 08:48

Dipped my toe in at 573.9p

[thamestrader] 14/3/2021 11:23

I've just very recently added it to my watchlist, but already forgotten why. Think I saw it tipped somewhere.

[thaiger] 12/3/2021 23:34

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.

[andysaw] 29/7/2019 18:16

IMO it is way oversold. I'll try to buy tomorrow morning and leave it in my portfolio for a week to see a bounce up to 5-10%.

[arja] 29/7/2019 13:17

sorry , was it just a trading statement issued unexpectedly ? In that situation , it is really bad luck holding at that time .

[d1nga] 29/7/2019 10:24

but it isn't results day

[arja] 29/7/2019 10:10

always dangerous to hold any stock on results day as shown yet again .

[chasbas] 07/9/2018 14:19

Extract from 2 August Trading Statement. First part omitted. Results on Tues

As previously announced, the Group continues to invest in infrastructure, strengthening our capabilities to address the global opportunities as the alternative fund management market expands. As with the second half results in 2017, this investment will result in lower reported margins in the first half of 2018, although the timing of this investment and the resultant benefits are expected to drive an improved result in the second half and for the full year. The Group has also experienced an effective tax rate in the period that was lower than expected.

Given the good performance in the first half, together with the Group's pipeline of new business wins, the Board continues to expect that results for the full year will be in line with its expectations.

The Group will announce its interim results for the six months ended 30 June 2018 on Tuesday 11 September 2018.

[its the oxman] 06/9/2018 15:44

Why the fall back to 600p?

[chasbas] 13/4/2018 09:52

Thanks Alpha.
For 2018, Digital Look's EPS forecast is 25.9p.
So Morningstar's figure of 28.91p is higher (and nearer my expectation FWIW).
As you know, Sanne made a significant acquisition of Luxembourg IS on 6th Feb, which management expects to be "immediately earnings enhancing".
I hope the share price will creep up on positive newsflow later in the year. GLA (Who said "hope" isn't an investment strategy?)

[alphabeta4] 13/4/2018 09:26

Chasbas, I use Morningstar, I'm not aware of Digital Look so that could also be an option.

Morningstar is also an average of brokers, at the moment has rev of £142m for ye 31/12/18, eps 28.91, £160m for ye 31/12/19, eps 33.65p. So at £6.10 the forward pe is 18.1.

Out of interest I have an old Mornstar print from Sep 16 where the forward pe was 25.8. Whilst that was a forward of 1 yr 3 months vs 1 yr 8 months that looked quite an interesting anomaly. (Lots of growth shares have derated to their PEs from around then so I thought it would give me an idea of the true valuation discrepancy although for this trade my target remains £7).

[rampmeister] 12/4/2018 12:10

Suggest Digital Look their forecasts are based on average of broker forecasts.

RM

[chasbas] 12/4/2018 12:04

Thanks Alpha - good luck!
Any ideas how to get any forecasts or research?
Investec do not contribute their research to Research Tree so am a bit blind.
Out of interest, one of my other favourite shares Tracsis (TRCS) has just moved from Investec to Finntec, where research coverage I think is excellent and on Research Tree.