Sanderson Design Share Discussion Threads

[gleach23] 11/7/2023 09:37

Tomorrow is the last day to get the divi

[trt] 11/7/2023 08:45

Last day for a top up to get the dividend.

[salver2] 07/7/2023 12:52

Hammered mercilessly on reasonably good news -god help it if the New’s flow is poor!

[essentialinvestor] 04/7/2023 15:36

What surprised me is the increase in CAPEX they recently mentioned to update their manufacturing, which will take a number of years.

I wonder why they are not outsourcing this rather than an in house operation?.

Would hope SDG considered this as part of their strategic review and concluded
it better kept as part of the business.

[pugugly] 04/7/2023 15:25

LG: Many aspire to appear richer than they are. Also some of the old generation uber rich dress down to appear poor and not worth robbing.

[trt] 04/7/2023 10:47

Time for a wee top up.

[lord gnome] 03/7/2023 22:41

If you can afford Sanderson stuff, you're not worrying about mortgage rates.

[pugugly] 03/7/2023 19:15

UK mortgages up horrifically - very little household budgets left for nice wallpaper, Problem her 9Imo) will be weakness of consumer demand.

[salver2] 03/7/2023 19:08

For some reason taking a hammering since a reasonably ok AGM statement

[salver2] 22/6/2023 08:41

Seems like a reassuringly dull statement- which has to be taken as a positive in this environment!

[salver2] 07/6/2023 17:59

Any thoughts on Archive Trt

[trt] 07/6/2023 16:55

Share price very lively today

[dan_the_epic] 05/6/2023 10:26

Share price dead as a dodo.

As dead as Archive nice spot salver.

[salver2] 04/6/2023 18:41

I noticed on another note they seem to have shut down their direct to the consumer brand Sanderson Archive I’m guessing because it wasn’t generating enough business but does anyone else have any thoughts on this ?

[jeff h] 04/6/2023 18:20

Article about how Anstey designs and manufactures its wallpaper:-

[trt] 03/5/2023 12:20

Moves quick once folk start topping up.

[essentialinvestor] 27/4/2023 15:19

Mentioned yesterday looked a reasonable sell price over £1.41, unless holding longer term.

SDG can travel very quickly in either direction, if wanting to buy then best looked at on poor sentiment rather than excitement.

The share price had travelled from circa £1.15 in December, so perhaps unsurprising on an underwhelming statement some have sold.

I'm not sure there is a compelling short term buy case ATM,
however the brands may be worth significantly more to someone else.


CFX run a very different model, they don't manufacture and I
wonder if SDG require a more radical look at this area.

[disc0dave45] 27/4/2023 14:52

Singers (their Joint Broker) update eps forecast for this FY is 12.9p, so a 9% reduction.That gives a forward PE of 9.8x which going on historic ratings, pre covid, is at the top of the range. That seems to confirm my thinking that there's zero additional licensing income this FY and costs are elevated in resourcing these deals as well as the fact that core revenue is stalling / falling and they are not passing on costs to customers / clients.

[hastings] 27/4/2023 13:32

I was happy enough with yesterday, just disappointed I couldn't work another call with management. Anyway, added a few more this morning above my last buy as I'm quite comfortable to let this run as a longer term investment. As an aside, family member recently used Sanderson for some rather nice blinds, very well fitted by one of their appointed contractors. Quality product at a fair price.

[trt] 27/4/2023 10:42

Topped up this morning all adds to the dividend payout.

[disc0dave45] 27/4/2023 09:23

They'll be contributing to the pension £2.4m this FY:"The Group's contributions to the schemes for the year beginning 1 February 2023 are expected to be GBP2,404,000."

[giltedge1] 26/4/2023 20:14

Key takeaway for me, Licence revenue from Disney, has not started any thoughts?. 100% profit margin so great if significant. Cash flow affected by many factors already mentioned, increased inventory, working capital adjustments, extra cap ex, £1m spent extra in France. I worked out adjusted cash flow about £10m. So 10% yield on Market Cap. Also pension payment £2.5M a year, will finish soon I guess, as Pension closed 2005, so more cash for shareholders.
I think in a few years being an optimist £15M cash flow. Looks a buy, I am waiting as missed out on earlier lows.

[salver2] 26/4/2023 12:07

I’m with you Essential-broadly as expected but perhaps hoping for a little more -valued now at about 8.5 times earnings plus cash -seems about right I suppose and a firm hold at these levels

[essentialinvestor] 26/4/2023 11:53

A little underwhelmed at the statement, bid over £1.41 ATM, so a nice recent move and looks a reasonable sell price unless
holding longer term.

[misterd1] 26/4/2023 11:46

But there will inevitably be a bounce back at some time as that unwinds