Share Name Share Symbol Market Type Share ISIN Share Description
Sanderson Group Plc LSE:SND London Ordinary Share GB00B04X1Q77 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 140.50 0.00 0.00 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 32.1 3.2 5.2 27.0 90

Sanderson Share Discussion Threads

Showing 201 to 223 of 525 messages
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Strange drop on what looked a decent statement.
Nice increase in the dividend as well.
encouraging agm statement "Up to the end of February, order intake is around ten per cent ahead of the comparative period of the previous financial year and the order book is strong."
alter ego
Nice rise today.
Sold out for a nice 112% profit although there's more to come i'm happy with that. G.L.A.
Sanderson Group - Disposal & Trading Update. Reiterate 'Buy' at 33p. Target Price 55p. Key Data EPIC SND Share Price 33p Spread 31p - 35p Total no of Shares 43,525,946 Market Cap £11.3 million NMS 2,000 12 Month Range 25p - 39.65p Market AIM Website Sector Software & Computer Services Contact Christopher Winn (Chairman) 02476 555 466 Sanderson Group has sold its business specialising in electronic point of sale solutions to major high street retailers (Sanderson RBS Ltd) for £11.5 million in cash, with a further £0.15 million payable unconditionally on 6th April and a further £0.1 million payable dependent upon receipt of specific customer payments. The move transforms the company's balance sheet - leaving a positive net cash balance of approximately £4 million - and positions the company strongly to growth both organically, through investment in new products and services, and acquisitively as opportunities arise in the current challenging economic environment. Despite this environment, Sanderson maintains positive trading momentum - which now looks even more unreflected in the share price. We reiterate a stance of buy. The RBS business generated an operating profit of £1.41 million in the year ending 30th September 2011, with net assets at that period end of £3.56 million. Considering the clear headwinds facing high street retailers and that Sanderson noted in its November results announcement that it was seeing "more challenging trading conditions on the high street", the price looks a decent one - particularly with the deal providing the balance sheet ammunition for the company to invest in higher growth areas and the valuation implications it has for the continuing operations. Recent new business wins have particularly come from companies operating in the catalogue and online sales, ecommerce and wholesale distribution areas - and Sanderson is to now place special emphasis on the further enhancement of its online sales and ecommerce solutions. As such, and with order intake in the (remaining) manufacturing and multi-channel businesses at the end of the company's first quarter (to 31st December 2011) almost 10% ahead of the comparative period of the previous financial year, the strategy is to now "enhance the group's presence in its core markets of multi-channel retail and manufacturing". In terms of valuation implications, we lower our current year revenue forecast from a previous £27 million to £15.25 million and earnings per share by a slightly lower percentage, from 6.7p to 4.0p. We then see earnings per share rising to 4.5p next year as the company benefits from its streamlined focus on the higher growth areas of its business. At 30th September 2011 Sanderson had net debt of £6.72 million and thus, at the current 33p share price, the Enterprise Value would have been £21.1 million. The company has now sold off 40% of its current year anticipated earnings and less than 20% of its 30th September 2011 stated net assets for more than £11.5 million - with that sold off the part of the business which looked to have the least attractive growth profile and returning the company to a net cash position, which is seen as a significant positive in current markets. As such, the prospective earnings multiples of 8.3 this year, falling to 7.3 next (6, falling to 5.3 on an ex-cash basis) look much too low. Given the company's growth prospects and demonstrable cash generation, we consider a rating of 10x forward earnings + net cash comfortably justifiable. This suggests a target price of 55p and, given the disparity between this and the current share price, we reiterate our stance of buy. GECR
The special dividend would be nice.
I have just bought a few @ 35p on the strength of this news. A company with a similar name and business as Torex went bust some years ago and I suppose that the purchaser named in this announcement is some sort of re-incarnation. My reading is that SND has received the cash and so we do not need to worry about what happened to the original Torex.
I'll take that.
Yes, very good news - an opportunity to eliminate debt and to get out of a business that is mature / in decline and focus on on-line sale solutions. Although profits will take a dent I suspect, cash flows are substantially improved as there will be no debt repayments needed going forwards.
A nice RNS for the Monday morning: GBP11.7million Trade Sale of High Street Retail business & trading update 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 on 20(th) January 2012 it completed the sale of Sanderson RBS Limited ("Sanderson RBS"), the Group business which specialised in the sale of 'electronic point of sale' ("epos") solutions to major high street retailers, to Torex Retail Holdings Limited ("Torex"). Torex are a leading technology provider to the retail, hospitality and convenience and fuel markets. The cash consideration of GBP11.5million is payable on completion with additional cash consideration of GBP0.15million being payable unconditionally on 6(th) April 2012 and a further GBP0.1m payable dependent upon receipt by Sanderson RBS of specific customer payments. In the year ending 30(th) September 2011, Sanderson RBS achieved sales of GBP12.36million, operating profit of GBP1.41million (stated before amortisation, share-based payment and allocation of group cost) and profit before taxation of GBP0.86million. The net assets of Sanderson RBS at 30(th) September 2011 were GBP3.56million. The cash proceeds of the sale will enable the Group to repay its bank debt and leave a positive cash balance of approximately GBP4million. The Board has a strategy to develop and expand the Group, to build shareholder value and to increase shareholder returns. The cash will be used to invest in the further development of products and services, especially in the areas of online sales and ecommerce solutions. The Sanderson strategy is to enhance the Group's presence in its core markets of multi-channel retail and manufacturing, both through further development of existing product suites, as well as by complementary acquisitions. The Board will also consider taking advantage of the Group's strong cash generation to accelerate the Group's progressive dividend policy. Given the current challenging economic environment, Sanderson has maintained good trading momentum. The new product suites launched over the last 18 months, which include Green IT, Software as a Service, Cloud Solutions and the very latest versions of the ecommerce software with modern functionality and features, have made the Group more competitive and have contributed to the improvement in trading and the gaining of new customers. The Sanderson manufacturing business has continued to trade well as has the Group's multi-channel business, which has won new customers, especially from companies operating in the areas of catalogue and online sales, ecommerce and wholesale distribution. At the end of the first quarter, to 31 December 2011, order intake in the manufacturing and multi-channel businesses was almost ten per cent ahead of the comparative period of the previous financial year. Sanderson now has a strengthened balance sheet, cash in the bank and continues to improve its competitive market position. The Board is confident that the Group will make further progress during the current year and anticipates updating shareholders with progress at the Annual General Meeting which will be held on 15(th) March 2012. Commenting on the transaction, Chairman, Christopher Winn, said that: "We believe that this is both a satisfactory transaction for Sanderson shareholders as well as a good opportunity for both the Sanderson RBS staff as well as for Torex, led by Steve Rowley. I would, on behalf of the Board and the shareholders of Sanderson, thank especially David Mahoney, the Managing Director of Sanderson RBS for his leadership and Steve Watson, the management and staff, for their loyalty, hard work and support in making a strong contribution to the rebuilding of the Group's value since the very tough period from late 2008 through 2009." Mr Winn, added: "Looking ahead, our focus will be on the continued development of the Sanderson products and services, with special emphasis on further enhancement of the online sales and ecommerce solutions. We intend to further expand the Sanderson customer base and to increase investment in our successful manufacturing business which is enjoying positive trading momentum. The Board strategy is to achieve growth both organically through investment in new products and services as well as by selective acquisitions as opportunities arise."
Double price is incredibly optimistic, in my opinion. Results were marginally better than my model, but revenue is going nowhere and that is unlikely to change, given the sectors that they operate in. Looks a solid hold for the risk averse, but can't see any reason to buy.
effortless cool
Three write ups today. Investors Champion UK Analyst round up GECR All very positive siting double the share price targets. I'm inclined to agree.
Yes looking good for future years.
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.
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
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.
Seem like a cracking price have just taken a few.
Yes really good news on a day there's very little about.
The £300k annual saving should boost the dividend going forwards. More very good news here!
GE&CR update - target price raised
Its always the quiet ones, hehe.
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