Sanderson Design Share Discussion Threads

[dan_the_epic] 26/4/2023 10:25

@Cliff capex:depn £1m more than normal. inventories a huge drag but thats 2 years in a row now when they are meant to be REDUCING skus doesnt sit right with me and does not make sense?? 1.2m of profit boost from licencning. 2m deferring of payables payments. 0.8m provision release boosted profit too. In totality, negative 1.1m of fcf on 12.6m pre tax adjusted profit is poor.

[disc0dave45] 26/4/2023 10:05

Looks like the usual sell on news. No surprises in the results.Can see this just drifting back to 120 area as there's zero meat on the bones in terms of future growth, again no detail around FY23/FY24 licence income - why?. Still also baffled as to why input costs are an issue with their high gross margin - some detail on what input costs are an issue would be helpful IMO and why are they not passing these costs on?.Good luck holders.

[cliffpeat] 26/4/2023 09:22

@Dan_the_Epic:

Isn't that substantially due to further increase in stock and asset investment?

Net cash and borrowing headroom still looks substantial enough for the ongoing business even if no growth during this uncertain time.

[salver2] 26/4/2023 09:06

I think you are being a bit harsh on cash flow!

[our haven] 26/4/2023 09:03

You are forgetting that they said they would use some of the cash to build their inventory this year.

[dan_the_epic] 26/4/2023 08:46

AWFUL cash flow red flag.

Negative free cash flow generated in 2022 compared to 12.6m adjusted profit before tax.

[our haven] 26/4/2023 08:29

I can only see the licensing income increasing, so although the solid results are a little disappointing going forward I expect to see better than solid.Probably downward pressure for the next few days and then reassessment and slow recovery from there IMO.Happy to hold for the longer term.

[gswredland] 26/4/2023 08:02

Yes a tad disappointing. Just got out.
Can see them drifting south

[hotfinance14] 26/4/2023 07:32

Good results but would like to have seen a more positive outlook.

[trt] 26/4/2023 07:28

Solid results published this morning.

[tole] 24/4/2023 18:57

https://masterinvestor.co.uk/equities/sanderson-design-group-finals-and-upgrades-on-wednesday/

[bareknee] 22/4/2023 14:41

Consensus eps is just under 14p

[hotfinance14] 22/4/2023 12:15

Does anybody know the concensus figures for the full year results ?

[essentialinvestor] 19/4/2023 13:33

£1.37 available on the bid. My £2 within 3 years target may be too low?.

[salver2] 17/4/2023 17:50

Don’t forget there are a lot of private equity companies who are stuffed full of cash -I suspect their William Morris and Sanderson archive is worth the market cap!

[essentialinvestor] 17/4/2023 16:15

Someone expects results to be positive?.

[essentialinvestor] 11/4/2023 13:45

We don't want a cheap take out here.


A merger with CFX would be absolutely lovely.

[cliffpeat] 11/4/2023 13:25

Perhaps?:

Radio 4 this morning reported that home improvement spending up and assigned this to "entertaining from home".

[essentialinvestor] 11/4/2023 12:06

What's occuring?.

[trt] 11/4/2023 12:05

Possible bid ?

[salver2] 11/4/2023 10:16

Healthy rise any reason?

[pugugly] 03/4/2023 19:16

450,000 in one slug at 123.5p. Could this be one half of an II swapsie.

[disc0dave45] 03/4/2023 17:14

EIThanks, have BMY on my watch list but got a target price of about 450p so seems about right at moment with little upside, just my opinion and wtfdik.