Sondrel (holdings) Share Discussion Threads

[nchanning] 01/8/2019 09:52

Any chance of a competing bid here ?

[aishah] 01/8/2019 09:13

Disappointing, but maybe directors seeing trouble ahead? Just over 50% return for me.

[rivaldo] 01/8/2019 09:07

It's also surprising to see Gresham, Downing and Unicorn being so supine and giving in easily at such a giveaway price.

Looks like short-termism still reigns supreme.

[shauney2] 01/8/2019 09:01

I'm sure the Chairman is very pleased as he holds 11.6 million bought at nil cost to 50p.It is a derisory offer.Its not as though the new owners will have to turn it around.Its a thriving company with growing net cash.

Anyway more takeouts to come with the weakness in sterling.

[cwa1] 01/8/2019 07:46

Agree with all here, was initially excited to see the takeover offer but that excitement quickly turned to disappointment when I saw the very modest premium that's being offered for this quality company.

[cfro] 01/8/2019 07:41

Very mean offer. The company is trading really well so cant understand why management would want to sell out so cheaply.

[wednesday6] 01/8/2019 07:25

Excitement turned to disappointment at the offer price, was the share price not at 1.40 last month?

[rivaldo] 01/8/2019 07:24

140p eh....great to have more cash in the bank (that's the fourth company in my portfolio taken over in the last month or two, with another two inviting offers).

However, I agree it's pretty parsimonious for a high quality company, soundly financed with good management and good prospects.

The bidders have over 39%, so a bidding war seems unlikely. I'd have hoped for say 160p with the usual 25% or so premium over the share price.

[f15jcm] 01/8/2019 07:16

Not enough

[pastybap] 01/8/2019 07:10

140p. How generous...

[rivaldo] 08/7/2019 07:18

Product partnership news:



"Sanderson pleased to announce integration with Erudus
Posted by Rita Patel on Tue, Jun 25, 2019

Sanderson is pleased to announce an integration partnership with Erudus, a leading supplier of food product data to the foodservice industry.

Sanderson customers using the specialist wholesale Swords system, can now benefit from instant access to key product specification data including allergen and nutritional information which is sourced directly from the Erudus data pool.

Martin Beatty, product development director of Sanderson said:

“We are a customer-led organisation and our wholesale clients want accurate, up-to-date product data because that’s what caterers are looking for. We have been able to deliver that for our client’s thanks to the integration partnership with Erudus. The feedback has been fantastic, with comments ranging from the quality of the information to the ease of which it’s provided and the fact there is no data maintenance required on their depot system. Our users now benefit from their websites and apps being automatically updated with key product specifications. In addition, we have used the data to improve our product search facility, making searching faster and more accurate for users.”

Jon Shayler, chief operating officer at Erudus, added:

“We’re thrilled to announce the integration partnership with Sanderson and to hear how positively its Swords’ customers have reacted to the collaboration is fantastic. It reinforces our commitment to partner with software providers like Sanderson in order to push product data further afield within the food industry.”

[rivaldo] 02/7/2019 11:53

More new highs, and another series of buys this morning, with one at the now 138p full offer price.

[aishah] 01/7/2019 11:14

Yes rivaldo, good to see value being appreciated here. Finally!

[rivaldo] 01/7/2019 11:08

New highs now on continuing demand.

[rivaldo] 27/6/2019 13:24

Encouraging news flow recently on the web site - for example...



"Sanderson wins more than £200,000 of orders and drives growth for new customers
Posted by Rita Patel on Fri, May 31, 2019

Sanderson continues to gain even more new customers for its specialist wholesale software and digital solutions. The latest contract wins show that the Sanderson wholesale solution, Swords, is the software of choice for wholesalers and existing customers are endorsing the solution to their peers.

etc"

And this is extremely prestigious:



"One iota is proud to partner with HUGO BOSS
Posted by Laura Wrigley on Tue, May 07, 2019

Multi-channel technology specialist One iota, part of the Sanderson Group plc, is delighted to announce its partnership with HUGO BOSS, one of the leading global fashion companies. One iota will support the fashion house’s focus to create compelling brand experiences and customer journeys, driven by state-of-the-art technology implemented across its stores.

Multi-channel technology specialist One iota, part of the Sanderson Group plc, is delighted to announce its partnership with HUGO BOSS, one of the leading global fashion companies. One iota will support the fashion house’s focus to create compelling brand experiences and customer journeys, driven by state-of-the-art technology implemented across its stores.

As a key technology partner, One iota is already working alongside the fashion company’s Retail and IT competence centre teams to help the retailer enhance its customers’ experience....

.....This new partnership will see the teams continue to collaborate and build digital solutions that are sympathetically designed to enhance the overall experience in-store for BOSS and HUGO customers.”

Together, both partners will continue to work to further improve the multi-channel experience for customers and redefine how content and commerce can be merged across channels."

[goldry] 21/6/2019 16:23

Not that I'm complaining

[goldry] 21/6/2019 16:23

Are we expecting some good news? Big rise for no reason

[rivaldo] 21/6/2019 12:27

Indeed. Going for new highs today....

[zipstuck] 07/6/2019 09:13

CWA 1

I agree this looks a good entry point

[jimmywilson612] 06/6/2019 15:05

I don't think Woodford had any shares in this did he?

[cwa1] 06/6/2019 14:37

Hope this isn't a private party :-)

Joined you lot with a few on the pullback. Maybe should have checked if Woodford had any before I jumped though....