Sanderson Design Share Discussion Threads

[salver2] 07/9/2022 17:13

Not me I’m afraid I bought 100k worth in August at about a quid a pop -and then watched them go south again!

[essentialinvestor] 07/9/2022 16:33

Dave, thanks. However would still not rule out 70-80 pence being available
at some point.


Perhaps Salver has been buying, the quantity he deals in can move a price,
which does not apply to me!.

[s34icknote] 07/9/2022 16:21

When's next result's trading update ??

[s34icknote] 07/9/2022 16:21

May be this will do a halfords ??

[disc0dave45] 06/9/2022 14:39

Congratulations on your "real" trade and good wishes, but I'm still thinking this bounce was likely, as posted a few days ago, new pm and likely cost of living aid one way or another, giving consumer facing a lift. Is it short term? who knows, but I'm still of them view that a PW could be announced next month, we will see.

[essentialinvestor] 06/9/2022 14:11

Ahead on my small buy, at least for now.


This may be an oversold bounce.

[salver2] 06/9/2022 14:11

Nice to see a good rise as these have been flogged brutally and without mercy on very little but sentiment

[trt] 06/9/2022 14:05

This tends to happen from time to time but always a golden opportunity to top up so not complaining

[salver2] 06/9/2022 13:59

Nice to see a good rise as these have been flogged brutally and without mercy on very little but sentiment

[trt] 06/9/2022 12:23

Hope folk bought the dips over the last week

[essentialinvestor] 05/9/2022 23:07

Latest indications on the UK economy from August point towards recession.
We are in for an interesting few months and would guess a truck load of profit warnings,
particularly from smaller caps.

[rcturner2] 05/9/2022 09:39

disco, 80p is about a 5% yield which I think gives me good protection.

It's also a round number and I like round numbers, which of course is stupid.

[essentialinvestor] 02/9/2022 18:40

Dave, VTY in their previous incarnation of Bovis underperformed the wider
sector for years, the GFRD acquisition looks inspired creating the largest listed
partnership business in the UK. I bought a few hundred shares only to keep it on my screen, otherwise liable to forget as watch so many stocks.

I don't think equity volatility is over and hoping for lower market levels.



A SDg/CFX merger might be nice.

[disc0dave45] 02/9/2022 18:10

Agree, just taking VTY as the example, last year their margins are lower than pre covid. Bottom line profit only 10.7% so doesn't take much (inflation 13%-18%) for them to really struggle to just breakeven. Their gross margins aren't brilliant either (18%), okay they may simply put sale prices up but that doesn't do anything if no demand. I'm staying away from house builders for the moment.Again sorry for off topic. Suppose though that if folks decide not to buy new but spend on doing up their house instead then a slump in new house sales could be a positive for SDG, who knows.

[essentialinvestor] 02/9/2022 18:00

Vty best risk/reward fwiw.

Crest and BKG both started out life in Weybridge where I live,
BKG did somewhat better over the years!. They are now HQ'd up
the road in Cobham, Crest out Chertsey way from memory.

[salver2] 02/9/2022 17:55

Your absolutely right Essential but I think build cost inflation might not be as high as expected and I’m not expecting the kind of falls that HSBC are -these banks are so hopeless with their calls -now is the time to buy not sell -well see what the builders say next week!

[netcurtains] 02/9/2022 17:49

Salver2: Its not a fall in price. If people don't get the price they want they don't sell (unless forced sellers). So it might look like prices are rising (or falling) but what really counts is not the price rise (or fall) but the total number of COMPLETED SALES.
If completed sales DOWN then in real terms prices are down even if the few sales that exist have high prices.

[essentialinvestor] 02/9/2022 17:49

salvar, large HP drops not required to significantly impact HB profitability,
margins are key and likely to compress some. Also number of units sold.

Build cost inflation currently around 9% plus.


This is the quickest change in macro I can ever remember, Russia the kicker obvs
but inflation pressures started building before then.

You could see trouble brewing pre 2008, but this has been super quick.

[salver2] 02/9/2022 17:37

The idiot analysts at HSBC think that London house prices will drop 15 percent and 7.5 elsewhere-I think they will have egg on their faces ( especially with the London forecast)

[disc0dave45] 02/9/2022 14:59

Talking of house builders - sorry folks for off topic - I've always followed the price to NAV and valued the shares based on ROE and COE as per detailed in the following by Phil Oakley. It's an old article but the methodology he outlines (towards the end of the article) is still valid.HTTPS://www.investorschronicle.co.uk/2016/09/23/shares/understanding-housebuilders-eRoxGU1pIpMHLF8TEXp8eO/article.html

[essentialinvestor] 02/9/2022 14:28

Salver, had a small amount of Vistry this morning.

Crest the value play, but further out on the risk spectrum.

[salver2] 02/9/2022 14:18

I know a fair few people who are wealthy and can’t find a tradesman for love nor money but it’s all about where we’re going not where we’ve been-anything housing realated has been murdered including house builders-for my pennysworth the mark downs in share prices has been too much-it will be interesting to see Sandersons report next month and also keep an eye on reports for Barratt and Vistry next week-they’ve been hammered and I imagine they will launch share buybacks as they seem to be unbelievable value at these prices

[disc0dave45] 02/9/2022 13:58

Was slightly tongue in cheek.Either way hope it works for you.

[essentialinvestor] 02/9/2022 13:35

Dave, because I don't have strong conviction where a low price may be,
I'm nearly 50% in cash atm so cautiously positioned.
There is also an outside possibility of a bid, but that is a highly
speculative reason to buy and usually not a sound one.
If available under 80 pence then may add, depending on the next update.

[disc0dave45] 02/9/2022 13:30

Good luckNo offence but why buy at 92 if you think it will go lower :)By Monday a new pm will be announced, so guess some cost of living assistance will be forthcoming, be it VAT reduction, business rates etc, which will IMO give retailers a boost short term. Who knows!, I'm still waiting for SDG's update next month.