Updates

Sanderson Design

June 2023

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.

After rallying to 146p, the subsequent pull back in wallpaper and fabrics group Sanderson’s shares is unwarranted, given results were “a touch ahead of expectations” with pretax profit at £12.6m (against a forecast of £12.3m), +0.8% year-on-year in tough markets. Eps increased 10% to 14.3p on a lower tax charge while net cash reduced by £4m to £15m due to investment in stock. However, the latter is expected to normalise this year helped by previous reduction in SKUs. At constant currency the UK (sales down 2.6% to £42.6m), Northern Europe (down 16.5% to £10.8m impacted by cessation of Russian trade) and ROW (down 3.1% to £10.2m) declined but North America grew 6.3% to £19.8m. But the star of the show was licensing income, which ro ...

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SigmaRoc - Director buying again

Capital Limited

Sanderson (July 2024)

Sanderson (August 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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