Progressive have issued a note apparently and cut adj pbt by 5%, and unadjusted pbt cut by 12%.EI - they mention £300k cost reduction due to a new sales model, whatever that means. |
BarnesianNot saying it's a rip off business. The IC article was I believe referring to executive directors and their options plus bonuses not the Chair.That said the Chair is on £114k and has only bought 15k of shares (at 86p) 5 years ago. Will she be buying more to support her belief in the business?. I'm sure her intentions are honourable and all that, but actions speak louder than words.....the Chair averaging down by some margin could suffice in that respect but somehow I doubt any of the BoD will be dipping into their pockets. |
dd, there must be cuts they can make, even when persisting with manufacturing.
The cost base in core SDG is not supported by current profitability (ex licencing).
Either they cuts costs, or increase profitability in the core business - if neither happens, then we can guess the rest. |
More diversity hires tanking the company. Bring back the troosers |
I know the Chair and I'm certain she'll be trying to make a success of this for everyone including shareholders. This is definitely not a rip-off operation. |
EIToo late for that IMO. As per IC comments the BoD are only interested in how much they can get out of the business, been obvious for some time.They could sell some IP but why would someone buy it when they can acquire under licence as and when they need as fashions dictate.Will the BoD be token gesture buyers or serious buyers (six figure).....or continue to just keep dishing out options and bonuses to themselves?. Me thinks the latter. |
dd, radical restructuring required.
They are arguably tinkering around the edges, as mentioned previously.
This could potentially be very serious
without the above.
CFX operate an asset light model. |
Looking at H2 last year they need to at least match those earnings to hit forecasts. But given what they've said about trade so far, H2 being lower, it doesn't look likely. |
Look at the fall in net cash,
even allowing for the pension transaction.
Drastic rationalisation urgently needed
or holders may be facing something dire -
barring a take out. |
Someone has just purchased half a million shares. That's a commitment!
I assume it's institution to institution. |
Up to his neck.
Did anyone read the IC review it stated that the company is run for benefit of the board not the shareholders based on their rewards for continually failing. |
Trt are you still in this?? |
1*
Sanderson Design Group posted very soft Interims this morning. Revenue was £50.5m down 11% from H1 FY24: £56.7m, reflecting a challenging market in the UK, although there was some growth delivered in North America. Brand product sales were down 8% as a whole with UK performance the weakest at -14% yoy. Licensing performance was in line with Board expectations with revenue at £4.1m in reported currency against a strong comparator of H1 FY24: £6.9m. Profit performance was even worse. Adjusted underlying PBT was down -68% to £2.2m, with statutory profit even weaker and down 78% to £1.0m. Basic EPS was down 78% to 1.46p while the dividend was cut by a third to 0.5p...
...from WealthORacle
wealthoracle.co.uk/detailed-result-full/SDG/879 |
Posted previously that this is cheap for a reason, now we know why - edit: meant profit (we knew Rev -11% from TU) has fallen off a cliff and even licensing will be flat this year. The only positive is North America.
This could well hit 50p.
Will the BoD be buying now I wonder!. |
Horrible. Ex-licencing it loses money. |
Looks pretty grim.ill take a few at 50 |
You might well be right! |
salver, interims 16 October, there may be
more available then!. |
PUG, is it just..the economy.
Partly only imv. |
Dave, best guess is trading forces a more radical restructuring - what form this takes..
Yes you are right, it's now difficult to row back from in house manufacturing given the CAPEX spend on plant machinery. |
It’s a strange one this one they flog the price to death and when you want to buy a reasonable quantity it is very difficult to buy -bought 30 k worth today to add to my holding-should have sold at over 2 quid a few years back but that’s hindsight! I tried to buy a few more but gave up -and they still mark the price down-very odd |
The trend is your friend until it turns and no sign yet of the down-trend turning yet. Not for widows and orphans at this stage (imo) - It is the Economy - |
Grabbed some more a ridiculous price so undervalued. |
Doubt very much that Lisa M will U turn now, having already committed all that Capex.As for Kravet, they go back to 2019 and they didn't think of acquiring during the Covid collapse in share price so why would they now?.Zero growth here for over 6 years, it's cheap for a reason IMO. |
Think they can - still outside the 30 day black out |
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