Updates

Sanderson

July 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

As Investec notes, “a tough market has masked much of Sanderson’s good work such as reducing SKUs to drive efficiencies and generating record licensing revenues.” Full year pretax profit and eps were slightly ahead of expectations but still both down 3% at £12.2m and 13.7p, respectively. Brand sales (it owns the Morris & Co, Sanderson, Clarke & Clarke and Harlequin paints, papers and fabrics wall coverings brands) were -5.5% year-on-year at almost £79m with the US outperforming, thanks to the renewal of the Kravet Inc distribution agreement, offset by a subdued UK. Third party manufacturing declines fell 14.9% to £18.9, albeit H2 was stronger. High margin licensing income was the bright spot, growing two thirds to a ...

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Cohort - Shares hit 853p

Luceco - Q1 profit +30%

Sanderson (August 2023)

Sanderson Design (June 2023)

Sanderson (May 2023)

Sanderson (December 2022)

Sanderson - Profits significantly ahead of expectation (March 2022)

Sanderson Design (December 2021)

Sanderson Design - Broker increases pretax forecasts 14% (September 2021)

Sanderson (July 2021)

Sanderson Design - £3m digital investment plus ground breaking digital pattern books to boost ROI (May 2021)

Sanderson Design - Wallcoverings manufacturer eyes boost from store re-openings (April 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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