Small Cap Value Report (Weds 12 Oct 2022) - SDG
Good morning from Paul amp; Graham!
Thank you for all the interesting comments that you're posting, we're really enjoying reading and discussing things with subscribers here. Even though market conditions are just dire, so depressing, but there we go, it's just like that sometimes.
Agenda -
Paul's Section:
Sanderson Design (LON:SDG) - solid interim results from this upmarket wallpaper amp; fabrics group. I've been really impressed with the turnaround under Lisa Montague, and am hoping to interview her next week. Performance is expected to be in line with full year expectations, although there's some understandable caution because peak selling period has only just started. The balance sheet is superb, so there's no solvency or dilution risk in my view. The modest PER already factors in a downturn arguably, but of course it doesn't work like that. So as with everything right now, there's short term share price risk, but long-term I think buyers now should do fine.
Paul’s Section:
Sanderson Design (LON:SDG)108.5p (up 12% yesterday)
Market cap £77m
Interim Results
Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, announces its unaudited financial results for the six months ended 31 July 2022.
Profit growth driven by licensing income, US...