Sondrel (holdings) Share Discussion Threads

[battlebus2] 28/11/2011 18:43

Yes looking good for future years.

[topvest] 28/11/2011 08:38

Good results again, so not sure why it drops a penny other than a few order deferrals. Order book looks in good shape and the company is very cash generative. One of the main drivers next year will be a reduced financing cost as a result of the re-financing, in my opinion. Two impacts - reduced and ever diminishing debt + significantly lower borrowing cost. Should improve dividend prospects further.

[stupidboypike] 31/10/2011 13:23

boyinthebubble,

I take it from the fact that you don't hold any that you do not see them as exceptionally good value at this price?

Best regards

SBP

[boyinthebubble] 27/10/2011 07:49

I used to work for Sanderson (1999-2002) and still keep an eye on what's going on as a private investor. I don't hold any shares.

Anyway, today's RNS



Exercise of options & Trading update (soon)

Exercise of Options

Sanderson Group plc ('Sanderson' or the 'Group'), the software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland, announces that 142,000 ordinary shares ('New Ordinary Shares') have been issued to a former employee as a result of the exercise of options under a Long Term Incentive Plan ("LTIP"). Application has been made for the new shares to be admitted to AIM and admission is expected to take place on 1st November 2011.



The New Ordinary Shares will rank pari passu with the existing Sanderson ordinary shares. Following allotment of the New Ordinary Shares, Sanderson will have in issue 43,525,946 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Sanderson under the Disclosure and Transparency Rules.



Trading Update

During the first week of November, the Group will, as usual, provide investors with a Pre-Close Trading Update for the financial year ending 30th September 2011. The update will confirm that the Group's trading is in line with market expectations.



The Preliminary Announcement of the Group's Results for the year ending 30th September 2011 is expected to be made during the last week of November or the first week of December.

[envirovision] 17/10/2011 10:01

Seem like a cracking price have just taken a few.

[battlebus2] 02/8/2011 18:12

Yes really good news on a day there's very little about.

[topvest] 02/8/2011 17:41

The £300k annual saving should boost the dividend going forwards. More very good news here!

[windass] 02/8/2011 16:52

GE&CR update - target price raised

[choppa] 25/7/2011 13:20

Its always the quiet ones, hehe.

[windass] 19/7/2011 16:00

Up 33% since the GE&CR note. I see the Investor's Chronicle's target price is the same!

[2gekko] 18/7/2011 12:50

This has just been tipped by Investors Chronicle's Simon Thompson

Simon expects a re rating soon and has put a six month target of 47p on SND

[windass] 14/7/2011 11:53

moving in the right direction now

[envirovision] 13/7/2011 15:14

yea you were about that.

[windass] 13/7/2011 09:33

GE&CR has initiated coverage



Should see some movement today

[cb7] 07/6/2011 09:39

EC... agreed that "clean" profits always more preferable than adjusted ones, (before goodwill, amortisation etc) and some cos seem to be serial offenders, (all manner of deductions). But they are a fact of life and accounting methods.
SND has reduced its net debt by 20% in a year, margins are up and the order book is strong = reasons to be cheerful.

[effortless cool] 07/6/2011 07:35

I would see that adjusted eps is there to paint the picture that the management would prefer you to see, rather than the one that's actually hanging there.

Anyway, each to their own. I'm not claiming there's anything wrong with SND, I just don't like it at current valuations.

I'll leave you alone now.

[stegrego] 07/6/2011 07:30

Adjusted eps is there to paint a picture excluding one offs.
Looks reasonable to me.

[effortless cool] 07/6/2011 07:22

Thank you penpont, but actual eps was 0.7p. It's the acquisitions that bring the revenue; excluding the amortisation of the limited-life intangibles purchased and the cost of share-based payments is, I think, misleading. Cash per share is an interesting figure,but it is not a substitute for earnings per share.

[penpont] 06/6/2011 23:31

Adjusted eps at the halfway stage was 2.3p so doesn't seem unrealistic to hope for 5p eps for the full year, esp as the 2nd half is stronger. PE of around 6 makes them one of the cheapest small software stocks around.

[effortless cool] 06/6/2011 23:10

As I said, good luck to you, but I'd be interested to know why you think this is worth over 30p.

[battlebus2] 06/6/2011 22:29

Thanks for your effort but i'll remain a holder for the forseeable future.

[effortless cool] 06/6/2011 22:19

I'm expecting EPS of about 3p next year and, given the record and the lack of growth prospects, can't see why a PE of more than x8 is justified.

Where do you get your PE of 5 from? Are you just parroting the broker forecast? How do you think they will make £2.4m profit?

[stegrego] 06/6/2011 21:53

So it's worth a pe of 5???

Don't call us we'll call you.

[effortless cool] 06/6/2011 21:26

Flat revenue, patchy record, I can't find much to get excited about here. Running the numbers, I reckon it's worth about 25p. Got here two years too late.

Good luck to holders, but it's off my watch list.