An in line AGM update is to be welcomed after a tough trading year in FY19. Market conditions have yet to show any marked improvement, but UK cost savings and some international progress support our existing estimates. The new management team expects to deliver a strategy update in the Autumn and this should provide insight regarding future growth prospects. The rating has increased in recent months though FY20 should represent trough earnings in our view.
20 Jun 2019
Walker Greenbank - Year to date trading as expected
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Walker Greenbank - Year to date trading as expected
Sanderson Design Group PLC (SDG:LON) | 104 1.6 1.5% | Mkt Cap: 74.9m
- Published:
20 Jun 2019 -
Author:
Toby Thorrington -
Pages:
3
An in line AGM update is to be welcomed after a tough trading year in FY19. Market conditions have yet to show any marked improvement, but UK cost savings and some international progress support our existing estimates. The new management team expects to deliver a strategy update in the Autumn and this should provide insight regarding future growth prospects. The rating has increased in recent months though FY20 should represent trough earnings in our view.