Sanderson Dividends - SND

Sanderson Dividends - SND

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Sanderson Group Plc SND London Ordinary Share GB00B04X1Q77 ORD 10P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.00 0.0% 140.50 0.00 0.00 0.00 140.50 01:00:00
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Sanderson SND Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

aishah: TechMarketView: Aptean snaps up Sanderson for £90m US application software provider, Aptean, is set to acquire UK based ERP and SCM solutions specialist, Sanderson, for just over £90m. The acquisition, which has the approval of the boards of both companies, is being recommended unanimously to Sanderson shareholders. The transaction represents a premium of around 9.8% on the 31 July share price of 127.5p and will be completed via a specially formed UK subsidiary, Aptean Bidco. Aptean, itself a provider of ERP and SCM solutions to the manufacturing industry, was formed from the 2012 merger of Consona and CDC. The company employs around 1,500 staff and, in addition to its core North American market, has operations in mainland Europe, Israel and China, as well as a presence in the UK and India. Aptean logoAptean is ultimately controlled by funds managed by TA Associates and Vista Equity Partners - two entities well known in the SITS space. Sanderson recently released a strong set of half year financials, with overall revenue jumping 18% to £17.2m and operating profit up 34% to £2.8m (see: Sanderson confirms strong H1). The company has continued to invest in its capabilities around mobile, ecommerce and business intelligence, across the retail, wholesale and supply chain sector. In a demonstration of this commitment, Sanderson recently announced the acquisition of supply chain solutions specialist, Gould Hall Computer Services (see: Sanderson acquires Gould Hall). Sanderson look like a great fit with Aptean and the acquisition will facilitate their expansion within a major market. The US corporation will be acquiring a very strong and well-run provider that is already established in its core segment. Despite the premium being paid by Aptean, the recent near 9% decline in the value of Sterling against the dollar, means that the deal looks like very good value. Footnote from Richard Holway If you have access to the HotViews archives, you will see that we have been following Sanderson for decades. Indeed I'd count Chris Winn as an 'old' friend. He invited me to invest in Sanderson when they IPOed in Dec 2004 at 50p. Since then it has been a rocky ride to say the least. I guess a 180% gain is not to be sneezed at. But it is over 15 years! This is exactly the right deal for Chris and the other Sanderson investors. We wish him and the company well for the future.
rivaldo: 140p eh....great to have more cash in the bank (that's the fourth company in my portfolio taken over in the last month or two, with another two inviting offers). However, I agree it's pretty parsimonious for a high quality company, soundly financed with good management and good prospects. The bidders have over 39%, so a bidding war seems unlikely. I'd have hoped for say 160p with the usual 25% or so premium over the share price.
rivaldo: Great H1 results today: Https:// 4.1 EPS at H1 means SND are highly likely to beat forecasts of 8.1p EPS for the year, especially given the new post year end acquisition.. I note that £3.3m net cash at year end is much higher than the forecast £2.8m. SND as usual are prudent in their outlook, but are as bullish as they've ever been given the high (55%) recurring revenue and order books. Note too how quickly the results have been produced after the period end. Always a good sign.
investorschampion: The positive trading update from highlights its appeal to inheritance tax planning investors. Our latest free commentary summarises the highlights hxxps://
mfhmfh: consistent buys from last Wednesday but share price not moved.
wednesday6: Comments from Paul Scotts small cap report read positive Sanderson (LON:SND) Share price: 94.5p No. shares: 60.0m Market cap: £56.7m AGM trading update Sanderson Group plc ('Sanderson' or 'the Group'), the specialist provider of digital technology solutions, innovative software and managed services for the retail, wholesale, supply chain logistics, food and drink processing and manufacturing market sectors... I very much liked the good results, and lowly valuation, when reporting here in late Nov 2018, on this software group's results for FY 09/2018. Its update on Tue this week is also positive; "Following strong, above target results for the year ended 30 September 2018, the Group has made a good start to the current financial year ending 30 September 2019. At the end of the first quarter, to 31 December 2018,Group revenue and profit are approximately 20% ahead of the comparable prior year period reflecting organic growth and an additional two months contribution from the acquisition of the Anisa Group, which was completed in November 2017. Sales order intake levels in the first quarter have also been encouraging with an increased number of new customers gained compared with the prior year period. The order book has grown, providing a good level of confidence going into the second quarter of the financial year. Cash sounds fine; ... positive net cash position of £3.38 million as of 21 January 2019 I'm not madly keen on the balance sheet here either, which also has negative NTAV, and a small pension deficit. Outlook comments - sound a little cautious about Brexit, and the retail sector. But focusing on digital retailing, seems to be paying off. Manufacturing sector is seeing protracted sales cycles. Dividends - total for the year up 13% to 3.0p, giving a worthwhile yield of 3.2% Valuation - current year forecast EPS is 8.1p - so the PER is only 11.7 - that seems very reasonable. Although forecast earnings growth is fairly modest. My opinion - the figures look attractive to me. This software group makes good margins, has a decent growth track record, yet is valued on a modest PER - I'm not really sure why. Do any readers have any insights into why the market is not prepared to give this company a rating that reflects its good performance?
rivaldo: Very positive write-up from Investors' Champion: Https:// Conclusion: "Raised dividend The recommended final dividend of 1.75p brings the full year dividend to 3.00p, a 13% increase over the previous year. Broker estimates House broker forecasts for the Financial Year ending September 2019 remain for sales up 7.5% to £34.4m, adjusted pre-tax profit up 12.5% to £5.4m and adjusted EPS up 5.2% to 8.0p. The forecast 2019 dividend of 3.20p, covered 2.5x by adjusted earnings, equates to a yield of approx. 3.3% at the current share price. Sanderson has now assembled a software and services group supporting all elements of the supply chain, from manufacturing, through distribution, warehousing and retail. It continues to look in excellent shape!"
rivaldo: N+1 Singer have a 121p share price target as follows: "Full year ahead, forecasts upgraded Sanderson has delivered full year results showing revenue and profit slightly ahead of expectations. Strong growth (+21%) from Digital Retail, a positive contribution from Anisa, improving momentum in Enterprise in H2 and strong cash generation were the highlights. Reflecting the full year outturn, a healthy order book and good sales prospects, we have upgraded our FY 2019/FY 2020 revenue and adj. operating profit estimates by 3%/3% and 5%/7% respectively. The shares are currently trading on a FY 2019 EV/EBITDA of 7.6x, P/E of 10.5x, FCF yield of 8.0% and a prospective dividend yield of 3.9%. We think this unfairly reflects the broadened offering, good revenue visibility, the strength of existing customer relationships and strong cash generation. Our valuation analysis supports an intrinsic value of 121p per share."
podgyted: Paul Scott on Stocko "These results look good, with the summary saying; The Group trading results for the year ended 30 September 2018 are significantly ahead of the prior year and also ahead of market expectations. Revenue has increased by 49% to £32.05 million (2017: £21.56 million) and operating profit* by 33% to £5.18 million (2017: £3.90 million) Note that most of the revenue growth has come from acquisitions. Adjusted EPS of 7.9p means that the PER is only 10.8 This is a significant beat against broker consensus of 6.4p adj EPS, so the share price is likely to rise strongly today. It could be a good one to buy on the opening bell, although the market makers have already marked it up, and the spread looks wide. Outlook - also sounds good; The Group has a clear growth strategy. Organic growth is planned from the fast expanding Digital Retail division and renewed growth impetus from the enlarged Enterprise division. There is an ongoing plan to accelerate the Group's growth with selective acquisitions. Sanderson has a good reputation having built-up a strong track record of delivering customer-centric solutions. Whilst the Board is mindful of potential ongoing uncertainty surrounding economic conditions post the Brexit outcome, the Board believes that Sanderson is well positioned in its target markets and has good sales prospects, backed by a healthy order book. This provides a good level of confidence that, at this relatively early stage of the new financial year, the Group will make further progress and once again deliver trading results which are, at least, in line with market expectations for the year ending 30 September 2019. Bear in mind that current market expectations are for only 6.9 adj EPS in 09/2019, so clearly that bar is currently set very low. Expect brokers to increase their forecasts, I imagine to at least 8.0p EPS for the new financial year. Balance sheet - this is overall, weaker than I would like. NTAV is negative, at -£8.9m, this doesn't seem to be a problem - because the group receives cash up-front from customers - the debit entry is within cash, and the credit entry is in deferred income. I'd like to know what the average cash/debt position is throughout the year, as the year end snapshot can often be unusually positive at many companies. The pension deficit has come down from £6.2m to £3.8m, which is a trend we're seeing with many pension deficits, as bond yields rise. My opinion - this looks an excellent share. Sanderson has a very good track record of profit growth. The figures today are way ahead of broker forecasts by the looks of it, and the outlook comments sound positive too. Unless I've missed something, this share looks outstanding value, and I'm tempted to buy some. I'd see this being 100p+ very soon. It's a good example of a share which has drifted down generally with the market in recent months, of no good reason. Hence this looks a clear buying opportunity, in my view. As always, that's just my opinion, it's up to individual readers to do your own research, and not rely on my view."
rivaldo: Good summary on Investors Champion - SND "looking a bargain": Https:// Conclusion: "Broker estimates House broker forecasts for the Financial Year ending September 2018 were for adjusted EPS of 6.4p and 6.9p for FY 2019. The shares have been very weak lately on the back of the global technology sell-off and at the current share price of 74p the rating of 10.7x forecast earnings looks modest for a business benefiting from such a high level of recurring revenue. The forecast 2018 dividend of 2.9p, covered over 2x by adjusted earnings, equates to a yield of approx. 3.9% at the current share price. Look out for the full year results statement on 26 November 2018."
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