Sanderson Design Share Discussion Threads

[disc0dave46] 10/1/2024 16:59

I'm not excluding licensing. I'm saying there's zero growth in the core business. Licensing is only about 7% of the business and historically it's not been sustainable and can disappear quickly. It's a very nice earner for them but it's not what their business is all about.You say it's growing, from memory a few years back it was around the £6.7m mark then it collapsed after a large agreement wasn't renewed. Will accept that this time it seems to be a collection of more smaller agreements - but unfortunate a breakdown of income per contract is never published, only the accelerated income.

[skanjete2] 10/1/2024 16:46

Why do you continue to exclude licensing?

It's the most profitable part of the company, growing and obviously the focus point of management.

[disc0dave46] 10/1/2024 13:44

Excluding licensing at their comparative interims SDG's revenue was down 8%.

[salver2] 10/1/2024 13:16

Osborne and Little are a poor business -Colefax revenue in the March -Sept 23 business is only down 1 percent versus O and L 9 percent-and their decorating division is well up

[disc0dave46] 10/1/2024 12:17

Sorry about that, used simply wall street and should have known better!.You are correct and will edit my previous post.

[glaws2] 10/1/2024 11:52

Don't know where you are fetting your revenue figures from DD, but both Stocko and sharepad show revenue 2014- 2017 increased from £78m to £92m. 2018 - 2020 circa £112m. Covid slump in 2021 and now returned to ~ £112m More importantly PBT which historically has been between £5-8m; it slumped to < £5m in 2020 and 2021 - now it has risen to >£10m.

[salver2] 10/1/2024 10:56

Well we’ll have to see I feel they are in a shaping and positioning phase I don’t disagree with your opinion that top line growth is a bit flat but I think a little patience is required here

[disc0dave46] 10/1/2024 10:40

Yep, just a pity SDG haven't changed strategy in terms of their core business, because clearly it's not working. Can't rely on licensing income growth alone.

[salver2] 10/1/2024 10:19

You have indeed been consistent which is refreshing in an ever changing world

[disc0dave46] 10/1/2024 09:57

Missed what boat?Just posting my views, which have been consistent.

[salver2] 10/1/2024 09:46

Your very negative- is it because you’ve missed the boat? I personally don’t think so but that’s what makesa market - I don’t think they’ll be a profit warning just slow and steady progress

[disc0dave46] 10/1/2024 09:25

So is that an extra £0.7m for licensing since H1?, 10% uplift isn't bad I suppose but doubt income from the underlying / core business has grown at all. A profit warning next month (or before) wouldn't be too much of a surprise IMO.

[trt] 10/1/2024 09:12

Looking good.

[hotfinance14] 10/1/2024 08:11

Great RNS this morning.Another licensing agreement in the USA.

[texaspete2] 09/1/2024 20:14

The wife happened to mention that wallpaper is supposedly in fashion for this year, so in Peter Lynch style I remembered Sanderson Design. Looking into the fundamentals and their pattern catalogue, looks good and question is can they conquer the US market? Only doubt I had was at the end of the recent investor presentation, CFO happened to mention some orders hadn't come through, but they are reiterating guidance in line. If we have an increasing consumer spend on home improvements (NI cuts, etc..) then could be upside from here. Good Stockopedia commentary with high stock rank. I bought in last couple of days.

[disc0dave46] 08/12/2023 11:53

Another fantasy top up?

[trt] 06/12/2023 15:20

Grabbed a few more on the dip

[salver2] 06/12/2023 09:11

I’m being somewhat tongue in cheek!

[alter ego] 06/12/2023 08:47

salver2, the only thing I hate is blatant ramping. trt and daisy beforehand is prolific. As someone I've always regarded as knowledgeable and a worthwhile contributor to this board, I'm surprised you haven't noticed.

[salver2] 04/12/2023 17:44

Don’t listen to the haters Trt!!

[alter ego] 04/12/2023 15:17

stuck record

[trt] 04/12/2023 15:09

Got to be in it to win it , investors realising that now and buying up any available shares by the looks of it.