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Share Price: 6.12

Bid: 5.50

Ask: 6.00

Change: 0.00 (0.00%)

Spread: 0.50 (9.091%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 6.12

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IN BRIEF: Sondrel seeking new CFO as Lopez makes sudden exit

Wed, 13th Sep 2023 12:12

Sondrel Holdings PLC - Reading, England-based semiconductor company - Chief Financial Officer Joe Lopez stands down with immediate effect and "by mutual agreement". He will step down as a director before September 30. Sondrel appoints Nick Stone as non-board interim CFO, effective from Thursday. Stone most recently was CFO of Braemar PLC from 2019 to 2023; he also has served as CFO at The Appointment Group Ltd, Hornby PLC and KBC Advanced Technologies PLC. Sondrel has initiated its search process for a permanent CFO.

Current stock price: 16.65 pence, down 3.5% in London on Wednesday

12-month change: down 71%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

27 Nov 2012 07:19

Tuesday broker round-up UPDATE

Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3

23 Oct 2012 09:15

Sanderson's full year results to beat expectations

Sanderson Group, a software and IT services business, failed to please investors on Tuesday, despite revealing that its trading results for the year ended September 30th 2012 were slightly ahead of market forecasts. The firm also said that its cash balance at that date had improved to £4.0m. The

12 Sep 2012 12:03

Sanderson's trading to beat full year expectations

Sanderson Group, a software and IT services business reported an increase in its overall order intake, meaning its trading performance will now be slightly ahead of the board's expectations for the year ending September 30th. Up to the end of August, cumulative orders were nearly 10% ahead of the c

12 Jul 2012 16:33

Carclo CEO cuts stake by a third

Ian Williamson, the Chief Executive of Carclo, a plastics business, has offloaded 230,000 shares, around a third of his total stake in the company. Williamson, who is set to retire after 18 years in the role, will pocket just short of a cool million from the transaction, which saw him sell the sha

30 Apr 2012 14:55

Orders booming at Sanderson

Software and information technology services group Sanderson saw a sharp increase in order intake in the first half of its financial year. Overall order intake was up by more than 10% in the six months to March 31st compared to the corresponding period a year ealier, whle at the end of March the or

26 Jan 2012 14:35

Land Securities director buys first round of shares

Stacey Rauch, a non-executive director of FTSE 100 property firm Land Securities, has purchased £40,950-worth of shares in the company. Rauch, 53, only joined the board at the start of this month, and the transaction marks her first take up of shares in the firm. The purchase was made on January

23 Jan 2012 09:40

Sanderson offloads high street retail business

IT services firm Sanderson Group said it had sold its electronic point of sale business for £11.5m. Sanderson said the deal struck with Torex Retail Holdings would enable the group to repay its bank debt and leave a positive cash balance of around £4m. The remaining cash will be used to invest in

28 Nov 2011 08:43

Order book strengthens Sanderson outlook

Software and IT services firm Sanderson said while it remains cautious in its outlook, the strong order book and improved competitive market position provide gives it confidence for the year ahead. Pre-tax profit increased to £749,000 for the year ended 30 September 2011 from £506,000 the year befo

3 Nov 2011 09:10

Sanderson feeling upbeat

Software and IT business Sanderson said it expected its full year results, due in late November, to be in line with market expectations. In an upbeat trading update the company said that while it was cautious about the uncertain outlook in the general economy, it had achieved better banking terms,

2 Aug 2011 16:02

Sanderson refinances

Sanderson, the software and IT services supplier, has replaced RBS with HSBC as its banker to refinance its term debt and working capital facilities. HSBC has advanced a four year term facility of £7.4m together with a £1m working capital facility. The new facility is expected to generate signif

15 Jul 2011 17:27

Betfair boss spends £1m

Betfair's chairman and co-founder Edward Wray has opened his account at the online gambling group in a big way, splashing out £1m on shares. He took 152,578 at 655.4p a pop. The purchase comes amid a spell of weakness for Betfair's stock price after the mixed full-year results it reported at the en

6 Dec 2010 15:16

Capita boss takes more shares

Paul Pindar, chairman of the provider of outsourced services to the government, Capita, has spent nearly £1m on shares in the group. He bought 150,000 shares at 640p a time and now has about 1.7m shares or 0.3% of the company, which operates the Criminal Records Bureau and collects the TV licence a

5 Nov 2010 14:36

Sanderson jumps as debts fall

Shares in Sanderson, which provides software used by retailers and manufacturers, jumped after it reported continued strong trading, with good cash generation and falling debts. Net debt was just below £8m at the end of September, down from £9.96m at the end of the previous financial year. 'Notwit

17 May 2010 15:26

Sanderson recovers

Enterprise software provider Sanderson says that its new business wins are rising which helped it report stronger figures for the six months to March 2010. There was a rise in interim revenues from £13m to £13.3m but gross margins fell because of keen pricing in order to win new contracts. However

21 Apr 2010 13:14

Small caps round-up: Corero, Ila, African Aura Mining

Software company Corero, which focuses on the banking, securities and education markets, rallied after announcing it has signed an agreement with African Alliance, an investment banking group operating in Africa, for its Blue Curve product suite. Ila's shareholders also cheered a new contract win.

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IN BRIEF: Sondrel seeking new CFO as Lopez makes sudden exit

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