We consider the share price reaction (-7%) to the likely flood impact to be overdone. Losses are fully insured, with estimate reductions indicated to be recoverable when the claim is settled. With a negligible anticipated long-term impact, the weakness represents a buying opportunity.
16 Dec 2015
Covered by insurance
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Covered by insurance
Sanderson Design Group PLC (SDG:LON) | 103 0 0.0% | Mkt Cap: 73.9m
- Published:
16 Dec 2015 - Author:
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Pages:
3
We consider the share price reaction (-7%) to the likely flood impact to be overdone. Losses are fully insured, with estimate reductions indicated to be recoverable when the claim is settled. With a negligible anticipated long-term impact, the weakness represents a buying opportunity.