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 Shares Traded Last Trade
  0.00 0.0% 140.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 32.05 3.23 5.20 27.0 90
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 140.50 GBX

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Date Time Title Posts
16/11/200510:23sanderson one to watch13
23/10/200209:50You need 90% of shares to delist !!!-
23/10/200209:50You need 90% of shares to delist !!!-

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Sanderson Daily Update: Sanderson Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker SND. The last closing price for Sanderson was 140.50p.
Sanderson Group Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 64,350,234 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Sanderson Group Plc is £90,412,078.77.
rivaldo: Yep, goodbye SND. 'Twas a very successful investment, but was taken out too early.
rivaldo: Here's a very useful article from Edmond Jackson - I hadn't read as far down as point 17 of the RNS! Https://www.ii.co.uk/analysis-commentary/stockwatch-template-more-bids-ii508887 Extract: "While Sanderson directors, senior managers and their relatives – owning 22.3% of the share capital – appear to have accepted the offer on a "hard" irrevocable basis (i.e. binding in all circumstances) the institutions – respecting their clients' best interests – are in "semi-hard" mode. Point 17 in the 1 August RNS cites Unicorn Asset management (with 3.7%) declaring a 155p threshold for a higher offer; Downing LLP (4.3%) at 150p; and Gresham House (8.9%) at 154p. It suggests they have done their sums to conclude that if acting as responsible stewards of capital, fair value of 150p to 155p is also worth holding out for. This also reflects the market working efficiently in the balance of interests: informing advisers to a potential rival offeror, how high they need go. Aptean (implicitly its private equity backers also) would then need to trump this. It's likely they've war-gamed such a scenario i.e. 140p is effectively the opening bid and if they are lucky to get away with it, then it's been a fine tactic. Proof of Sanderson's current market value depends on flushing out any rival."
rivaldo: It's pretty ridiculous that this SCSW tip would probably have taken SND up to around 138p-140p anyway. And the CEO knew that SCSW were likely to feature SND, since the article states that they met him "last month". Which makes the directors' and institutions' decision to sell at 140p even more supine.
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.
davebowler: FOR IMMEDIATE RELEASE 1 August 2019 RECOMMED CASH OFFER for SANDERSON GROUP PLC by APTEAN LIMITED to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Summary -- The boards of directors of Aptean Limited (the "Aptean Bidco") and Sanderson Group Plc ("Sanderson") are pleased to announce they have reached agreement on the terms of a recommended offer pursuant to which Aptean Bidco will acquire the entire issued and to be issued ordinary share capital of Sanderson (the "Acquisition"). -- Aptean Bidco is an English incorporated company formed within the group of (and under common control with) Aptean, Inc. ("Aptean") and ultimately controlled by funds managed and advised by TA Associates and Vista Equity Partners. -- Under the terms of the Acquisition, each Sanderson Shareholder will be entitled to receive: in respect of each Sanderson Share 140 pence in cash (the "Consideration") -- The Consideration represents:
rivaldo: It's also surprising to see Gresham, Downing and Unicorn being so supine and giving in easily at such a giveaway price. Looks like short-termism still reigns supreme.
wednesday6: Excitement turned to disappointment at the offer price, was the share price not at 1.40 last month?
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://uk.advfn.com/stock-market/london/sanderson-SND/share-news/Sanderson-Group-PLC-2019-Interim-Results/79915613 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.
rivaldo: Good summary on Investors Champion - SND "looking a bargain": Https://www.investorschampion.com/channel/company-comment/sanderson-group-results-slightly-ahead-looking-good-value 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."
Sanderson share price data is direct from the London Stock Exchange
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