Good morning, Paul & Roland here.

Agenda - 

Paul's Section:

Sanderson Design (LON:SDG) (I hold) - good results. Very strong balance sheet. Shares look cheap to me. CEO Lisa Montague has sorted out the business very well, with a commonsense turnaround now delivering decent results. Divis have resumed & should increase in future. Lots to like, if you think (as I do) that higher end products like SDG's may not be particularly vulnerable to disposable incomes/inflation.

Roland's Section:

Smoove (LON:SMV) - this conveyancing technology business was formerly known as ULS Technology. Today’s full-year update appears to show slowing momentum. I’m not yet convinced by the growth story here, although a cash-rich balance sheet should remove any near-term financing risk.

Hss Hire (LON:HSS) - this equipment hire group has finally shed its IPO debt burden. Today’s results show a return to 2019 trading levels, paired with a substantial improvement in profitability. I don’t think HSS is out of the woods entirely, but I’m very encouraged by performance last year. I can see some potential value here.


Explanatory notes -

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Paul’s Section:

Sanderson Design (LON:SDG)  (I hold)

156p (down 5% at 08:17)

Market cap £110m

Full Year Results

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, announces its audited financial results for the year ended 31 January 2022.
A year of strong trading, cash…

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