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Panmure note out today: "We think that Sanderson is well placed – given it has a product set which delivers a strong ROI (revenue opportunities and cost savings) so it is more robust than investors think, and of course 53% of revenue is recurring in nature. An ‘In’ vote should see a substantial share recovery as investors stop fretting about a potential UK downturn in retail and general business. We remind that recent trading news (Interim Results, 8 June) featured; (i) operating profit back to the level at which Sanderson sold its EPOS business in 2012A, and (ii) strong cash conversion which fuelled an 11% DPS hike." scraped from research tree
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