Results in-line, cash flow delightful and a dividend yield over 3.5%
Results for the year ending 30th September 2016 were in line with the pre-close trading update on 19th October 2016 when the Group reported strong order intake and revenue ahead of expectations.The share price has staged only a modest recovery since the post Brexit sell-off. Sanderson has a robust balance sheet with net cash of £4.3m, is highly cash generative and has lots of delightful reliable recurring revenue…. it’s still looking good!
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