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Sanderson Group – acquisition & full-year trading update analysis

By Steve Moore | Monday 28 October 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland, Sanderson Group (SND) has updated that “the trading results for the year ended 30th September 2013 are in line with market expectations and will show group revenues of approximately £13.8m (2012: £13.37m), an improved gross margin of 87% (2012: 83.6%) and operating profit in line with market expectations”. The following updates on my August view



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