Investor's Champion

Shares in the software and IT services business soared over 20% this week on news of the sale of its high-street retail business. The sale will enable the Group to repay its bank debt and leave a positive cash balance of approximately £4m. Some of the Non-Execs were subsequently eager buyers of the shares

The software and IT services business specialising in multi-channel retail and manufacturing markets in the UK issued positive full year results for the year ending 30th September 2011.

With new products and services introduced over the last two years set to support further improvement in the Group’s trading performance and the refinancing of its term debt and working capital facilities offering an instant boost to earnings, the outlook looks highly encouraging, despite the obvious challenges from the high street.

An encouraging trading update and with the benefits of refinancing set to come through, net debt falling, the valuation modest and a supportive dividend yield it looks a good time to take a closer look.

The software and IT services business has announced the successful conclusion of discussions regarding the refinancing of its term debt and working capital facilities with the new facility expected to generate annual savings of approx £300,000 per annum.

Interim results from the software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland showed further progress with an improvement at the operating level, a further reduction in net debt and encouraging order book.

The software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland announced encouraging Preliminary Results for the year ended 30th September 2010 with improving cash generation, a reduction in net debt and growing order book.

The software and IT services business specialising in multi-channel retail and manufacturing markets in the UK and Ireland, issued a positive trading update today giving the share price a deserved boost. The strong trading momentum, lowly valuation, and reduced net debt all bodes well.

Sanderson, the software and IT services group, continues to recover well from the late 2008 downturn. Although reporting for its first half that its customers still face tough conditions, new products have helped grow both the order book and new customer wins by 50% over the comparable period.