Updates

Sanderson

February 2025

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.

An improvement in H2 market conditions did not materialise. Full year sales are forecast to be £101m, a shortfall of c.5% to its earlier expectations but there has been a big change in mix/margin. After positive December trading (+5%), January was weak (-13%), particularly in UK Retail with Brand product sales down 9% for the year to end January. This led to higher stock provisions weighing on the gross margin. Softness was also seen in the contract market at the end of the year, particularly in North America. Licensing performed well with revenue in the region of £10.1m-£10.9m expected. The expected improved trading in subcontract manufacturing has not been realised as demand for higher-margin repeat orders has recently de ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Warpaint - Buys Brand Architekts for £13.9m

Frontier Developments

Sanderson (September 2024)

Sanderson - Ex-cash PE of 6.1 (April 2024)

Sanderson (August 2023)

Sanderson (April 2023)

Sanderson Design - Ex cash PE of 7 (November 2022)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X