Sanderson Design Share Discussion Threads

[gswredland] 02/9/2022 13:24

There is too much uncertainty out there for this to move ahead for me.
I have a friend who is a self employed decorator who works for rich clients. Work is really drying up and he now has no more work this month.

[essentialinvestor] 02/9/2022 12:00

Added 9,000 this am, which is probably the cost of a good night out
in London for Salver ;

If I had to guess at a low..somewhere between 70-80 pence,
but may be miles off as per.



Dave, Page Group has finally come back in price, the upwards move a tad embarrassing!,
now hold a small amount.

[rcturner2] 02/9/2022 08:18

80p and I am interested here.

I never thought I would see it down at these levels so quickly.

[essentialinvestor] 01/9/2022 19:49

net, I would be prepared for a more cautious outlook on the next update,
which arguably may be mostly discounted in the current share price - can't call that.

The CEO appears a cautious type, which is a benefit while navigating
a large consumer downturn.

[essentialinvestor] 01/9/2022 19:37

Although this was priced for bankruptcy, or somewhere close during the GFC,
the business stayed profitable - the market may have been concerned at
net debt in excess of £6 million going in to that downturn.
Pre tax profit was about 20% of current levels so that debt number was sizeable.

Fast forward to now and SDG at least have a fairly chunky net cash buffer
going in to whatever awaits, which is looking grimmer by the week atm.

[disc0dave45] 01/9/2022 19:26

Don't think you can actually benefit from fantasy trades!.

[netcurtains] 31/8/2022 15:57

We're now trading back at the pre-covid 2019 range 80s-90s.
Had covid not occurred, do we know if SDG would still have risen to about £1.70 (boom in DIY).
If so, then, yes, SDG is cheap. If not, it's about right.

One way of keeping warm in Winter is to do a lot of DIY. Nothing keeps you warmer than doing a lot of work around the house.

[trt] 31/8/2022 15:31

Hope folk bought the dip and those that did now benefiting. Still hugely undervalued.

[gswredland] 30/8/2022 19:07

Thanks disc

[barnesian] 30/8/2022 17:49

Yes it must be attractive to a potential bidder who wants to add to a luxury portfolio. Great brands.

[disc0dave45] 30/8/2022 17:34

Would guess a day week commencing the 10th Oct. They haven't given a date.

[gswredland] 30/8/2022 16:53

Do we know the date of results guys please?
I don't currently hold but looking from the sidelines.
Makes you wonder if a potential bidder is about to pounce...

[salver2] 30/8/2022 16:24

This may indeed be true but there are a lot of ifs and buts at the moment-if they achieve their forecasts it is on a pe of about 4.6 plus their 15-17 million cash -the price then would be nothing short of silly.The market is telling us that they will notmake it and guide much lower going forward ( this may or may not happen) -what I am sure of though is that this firm with its huge archive-William Morris and others is worth a whole lot more non withstanding a severe recession-we shall find out early in October when their results come

[essentialinvestor] 30/8/2022 15:34

Salver, shaping up to be an early 1990's style hit to the consumer?,
particularly so in the UK.

[disc0dave45] 30/8/2022 15:16

My thoughts exactly!

[essentialinvestor] 30/8/2022 14:56

Of course you did.

[trt] 30/8/2022 13:05

Always goes like this. Grabbed more on the dips.

[salver2] 30/8/2022 11:33

It seems unnaturally good value but I thought that 30 percent higher!

[aishah] 30/8/2022 10:58

This looks to be good value at present. Decent cash, fcst p/e 6.4 and peg of 0.8, p/b of 0.83 and a mkt cap of £66m.
The strong $ must be helping sales in the US. There's also a divi fcst of 4.4%
Taken an initial position here.

[disc0dave45] 25/8/2022 18:29

Thanks for the reminder - excellent numbers from HAS. Sorry for off topic.

[gswredland] 24/8/2022 16:48

See what HAS trading is like tomorrow. Sorry for off topic guys

[disc0dave45] 24/8/2022 11:49

No apologies needed, was put off by their somewhat negative comment about things slowing in July. Still keeping an eye on it though!.

[essentialinvestor] 24/8/2022 11:39

Apologies if that was as a result of my view Dave.

[disc0dave45] 24/8/2022 11:34

Yeah I remember, I didn't buy either!.