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Sanderson - Ex-cash PE of 6.1

April 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.

  • Epic Code:
  • SDG
  • Price:
  • 103p
Ahead of reporting results for the year to end January on 24 April, Sanderson said sales were 3% below the previous year at £108.5m but there is a better mix with high-margin licensing contributing £10.9m to sales, up from £6.5m.   Brand sales in the UK, its largest market, are still subdued, however (-11% at £37.9m), as was Europe (-8% to £9.9m) but the targeted growth market of North America performed strongly (+7.1% in reported currency at £21.2m). The latter was driven by Kravet Inc., the US distributor of the Clarke & Clarke brand. Third-party manufacturing, at £18.9m, was down 14.5% and meanwhile digital printing continues to grow at both Standfast & Barracks and Anstey, where a review of the cost base is ongoing. ...

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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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