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Trading Update today is indeed positive, and yet the share price manages to fall.
Trading is in line, therefore EPS for this year in region of 10-12p can be expected.
Makes the shares look cheap. SDG operates in the luxury market, where wealthy
clients don't worry much about energy bills, or the cost of wallpaper.
If the Trading Update tomorrow is reasonably positive, then the share price is bound to rise...
Although, I must say, SDG is just about the only Company I know of, where the share price
mamages to fall on good news. The last RNS was positively good news, yet the share price
went down a bit.
...this Thursday 4 August.
Price gone lower yet. I fail to understand why? Too many nervous investors fearing economic collapse of
even the sound companies? Well I for one am not selling. Cheers!
The shares here are currently jolly cheap at 110p. Thwe low price is wholly unjustified and therefore won't last, IMHO..
Great results with gross & oper. margin expansion.
No idea why this hasn't gone up.
that was qucik, took some
on screener as very cheap.. onto the WL
The share price should never have gone as low as what it did, there was no negative information to warrant the fall. Today's good news is even better than I expected, the rise today (21%) is fully warranted, indeed there is almost certainly more of a rise to come over the coming days/weeks, IMHO.
Better than I expected, with ( adjusted ) profits >= 12 million and net cash > 15.4 million.
So, the sp is roughly 10 times expected ( adjusted ) earnings with increasing net cash and a market cap of 125 million.
The big question is how much more is there to go ? If growth continues, then the sp should really be higher as time goes on, but if profits stagnate, then we're pretty much fairly valued.
BB
FIL still hold 3.75% so plenty to go, if they are clearing altogether. Having said that CBG recently took a 5% tranche, and I notice FIL seem to be selling down everything that has risen of late, including RPS, Coats and CCPG. This is hard to interprete, in all honesty! I reckoned there was support here at 150. I was wrong!!
Wonder when FIL will be done. Trading statement expected in January? Any thoughts on sub 140p, seems I may have a bit of time to watch this one.
Not cheap, but far from expensive. FIL are selling up, so price may be depressed. Took a few today.
Yes, 12.2, been offered 151p on ii.............tempting.
I believe the PER is nearer 12 now.
P/E of 32. Good company but too expensive at these multiples.
Good Results, good progress, good management, and yet the share price gone down. Should see
a reverse soon, as it looks like the low has been tested today.
The Interim Results, out yesterday, sounded very positive to me. I bought a small stake for a long term hold.
... of ~8% to 147p.
We had an RNS today, but it was only a Reach RNS, so effectively a Press Release, so I can't see that being the cause.
The optimist in me hopes that a bit of pre-results info, over and above what we already know from the trading update, has leaked out.
The realist in me thinks it's just one of those quirks of the markets, and is just happy to see the sp consistently rising.
BB
Cheers for info. I noticed the volume /sp jump on fri and todays' volume is even higher above the daily average. Looks like people are expecting the improved online presence and recent trading to drive profits above the consensus.
Some news on company's investor page. This sp is moving up nicely. People will want to redecorate after gloom of past few months. Lot of share buys now. Medi
I've been a holder three or four times over the last fifteen years or so and done all right out of it, so I like the company, but not enough to buy and hold for ever.
I think I bought back in some time in 2018, which was bad timing, and had meant to cut my losses when COVID looked like being an issue, but plainly never got round to it !
I made really good profits trading walker greenbank / Sanderson....but got out at around 50p! Should have stuck with them
Well, I'm still underwater on what was Walker Greenbank, but this morning's update was a very pleasant surprise. A profit of ~6 million GBP for the year soon to end is good going.
The current lockdown will doubtless put a brake on that recovery, but the medium to long term looks much brighter than it did a few months ago
BB