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Questor highly positive, so many cynical Dt readers will say sell. Given the present sp the only way is up unless some very bad news is coming.
Big fall in sp but hardly any reason for it. Anyone shocked that conditions are and remain CHALLENGING must have been sleeping for a long time.
Watched an interview with the manager of Octupupus investment fund talking glowingly about Sanderson a little while back. Either he’s changed his opinion or (more likely) this is a prime example of what we’re seeing all over. Funds forced to sell decent businesses against their will.
Just checked their net asset value and looks like it’s down well over 15% in 6 months. Obviously that’s not all redemptions, it’ll be performance as well.
This sp is very poor. Awaiting some very bad news to explain it !!!!!
Seems a large spread , any thoughts?
Looking cheap at 108p.
On track to serious growth.
Always worth reading RNS, they have signed a major licensing agreement for its Clarke & Clarke brand with UK clothing retailer Next Plc NXT
Anyone know why big jump in the sp this morning..the sp seems to undervalue shares,but why this sudden leap ?
BUY
wealthoracle.co.uk/detailed-result-full/SDG/650
...looks pretty good...
Sanderson Design Group plc the luxury interior design and furnishings group issued a trading update for the financial year ended 31 January 2023. Strong performances from the Morris & Co. brand, licensing and North America were offset by withdrawal from the Russian market, and a small decrease in manufacturing revenue against a strong comparator, to give Group sales for the year of approximately £112.0 million (2022: £112.2m). Underlying profits for the financial year ended 31 January 2023 are expected to be in line with Board expectations. The balance sheet remains solid with net cash at approximately £15.2 million. Valuation looks pretty attractive with forward PE ratio under 10x, share price is also building up some positive momentum. The macro environment is a little unhelpful, and may hold back the top line for a while, but otherwise there is a lot to like here. BUY...from WealthOracle
***************************detailed-result-full/SDG/650
Today's trading update does not look bad to me, in fact fairly solid performance.
People guessing that a trading statement is forthcoming and a read through from CFX would be my guess. Also apparently the FT did a recent article on the resilience of luxury.
Big increase in sp to-day. No news i could find. Anyone know why ?
Looks like the share price is comfortably heading towards my earlier stated target price of 140-150p. Should be there before the end of this year, IMHO.
Meantime my interest is currently directed at Beximco Pharmaceuticals (BXP) where the share price is just now remarkably low, indeed undeservedly low, imho.
I reckon the shares will gradually rise to £1.40-1.50 and even in that price range the shares will still be cheap, IMHO.
All good things. These are a bargain at around a pound. Great company not going anywhere. Onward and upwards!
Disney on board with a collaboration... that is big and no posts here and the stock is very very cheap.
No need for the share price to go this low (around 100p today). SDG's wallpapers are bought by the financially better -off, these people will not opt for a cheapy wallpaper when decoration their home, they will look for a classy SDG-design.
I consider SDG relatively recession-safe. Share price ought to be in the range of 150p-180p. IMHO.
... 15 million sterling in cash too ...
in the first half given the documented challenges, they are in line with expectations which progressive research say is 13m pbt and 14.7p earnings https://progressive-research.com/research/h1-trading-update-a-solid-performance/
Unfortunately, under the current market conditions, the share price of all retailers targeting consumers' discretionary income have been hit (inflation & recession fears), regardless of how well the underlying business is performing.
Also under current market circs, companies producing trading results "in-line with expectations" are also being hit.
So SDG has been hit by this double-whammy (out of its control) when actually it has weathered the economic storms pretty well. What this means for the patient investor is that the divi yield increases, and makes the company much cheaper that it previously was.
A long-term hold for me, but any short-term traders will be caught out.
Not very clever to produce a trading update with sales etc for 2023 - Doesn't anyone read what they send out?