image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Sanderson

August 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.

  • Epic Code:
  • SDG
  • Price:
  • 107.5p
In spite of consumer caution, wall coverings and fabrics group Sanderson has said trading is in line with forecasts. In the UK (51% brand sales in FY23) the highlight was the major licensing deals with NEXT and Sainsburys. In the US (24% sales), it continues to trade positively with the recent launch of Morris & Co well received while in Europe markets are showing signs of an improvement.   Investec says the market valuation (9.3x FY’24 PE) is undemanding and underpinned by a 3% yield and forecast year-end net cash of £18m. Its price target is 210p. I am a buyer. ...

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

Subscribe now

Already a subscriber? Login

Related Articles

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.

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

author