Sanne Group (SNN)

Sector:

Financials

Index:

FTSE 250

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531.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 752.00p
  • 52 Week Low: 450.00p
  • Currency: UK Pounds
  • Shares Issued: 145.90m
  • Volume: 81,514
  • Market Cap: £774.72m
  • Beta: 0.01

FTSE 250 movers: Clarkson surges, Spectris slips

By Duncan Ferris

Date: Tuesday 26 Mar 2019

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 index was up 0.80% at 18,949.26 in afternoon trade on Tuesday, as Clarkson pulled the index upwards.
The shipping services provider was the top gainer after non-executive director Peter Backhouse bought 1,000 shares at 2,300p.

Crest Nicholson shares also rose, after the homebuilder said it had poached Peter Truscott from construction group Galliford Try to be its new chief executive, as well as giving investors an update on trading, while Sanne Group climbed after Berenberg analysts reiterated a 'buy' rating, praising its "high organic growth, high margins, strong revenue visibility and a robust balance sheet."

"Sanne continues to benefit from the strong regulatory and economic drivers behind the growth of the alternative asset market and the requirement for outsourced administration. Looking forward, we expect FY19 organic growth of approximately 11%," said a note from Berenberg.

Medical equipment maker Convatec surged after Sweden's Dagens Industri reported that Swedish private equity group EQT may consider a bid for the company.

Spectris was the top faller after being hit by a downgrade to 'sell' at Goldman Sachs, where analysts argued that recent developments in the instrumentation company's markets and its FY18 results do not warrant its 15% share price increase year to date.

"While we see positives in new management's restructuring plan, we believe any near-term benefits are likely to be offset by slowing growth, an uncertain capex backdrop and cost inflation," said a note from the analysts.

Retirement income specialist Just Group was lower after it raised £375m in gross proceeds through the sale of £300m-worth of perpetual bonds rated BBB- and offering annual interest of 9.375%, alongside £75m-worth of new equity at a price of 80p per share.

Galliford was weaker on previously mentioned news that Truscott had stepped down as chief executive with immediate effect, to be succeeded by current group finance director Graham Prothero.

Finally, Amigo Holdings was also lower after RBC Capital Markets cut the stock's target price from 345p to 330p, while IP Group fell after the release of its full-year results, as it disclosed a "disappointing" performance for 2018.

Market Movers

FTSE 250 (MCX) 18,949.26 0.80%


FTSE 250 - Risers

Clarkson (CKN) 2,365.00p 7.01%
Crest Nicholson Holdings (CRST) 371.20p 5.16%
Sanne Group (SNN) 537.00p 4.88%
Contour Global (GLO) 176.40p 4.69%
Convatec Group (CTEC) 140.10p 4.63%
Intermediate Capital Group (ICP) 1,085.00p 4.33%
Premier Oil (PMO) 90.25p 4.15%
Elementis (ELM) 163.90p 3.80%
Domino's Pizza Group (DOM) 241.70p 3.60%
Jupiter European Opportunities Trust (JEO) 733.00p 3.53%

FTSE 250 - Fallers

Spectris (SXS) 2,506.00p -3.24%
Computacenter (CCC) 1,085.19p -2.93%
Just Group (JUST) 64.85p -2.85%
Sophos Group (SOPH) 298.80p -2.48%
Galliford Try (GFRD) 669.50p -2.41%
Amigo Holdings (AMGO) 158.40p -2.22%
Ted Baker (TED) 1,579.00p -1.99%
IP Group (IPO) 88.90p -1.77%
Acacia Mining (ACA) 200.20p -1.67%
Plus500 Ltd (DI) (PLUS) 721.00p -1.37%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Sanne Group Market Data

Currency UK Pounds
Share Price 531.00p
Change Today -6.00p
% Change -1.12 %
52 Week High 752.00p
52 Week Low 450.00p
Volume 81,514
Shares Issued 145.90m
Market Cap £774.72m
Beta 0.01

Sanne Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.2% below the market average88.2% below the market average88.2% below the market average88.2% below the market average88.2% below the market average
90.41% below the sector average90.41% below the sector average90.41% below the sector average90.41% below the sector average90.41% below the sector average
Price Trend
25.14% below the market average25.14% below the market average25.14% below the market average25.14% below the market average25.14% below the market average
13.73% below the sector average13.73% below the sector average13.73% below the sector average13.73% below the sector average13.73% below the sector average
Income
49.95% below the market average49.95% below the market average49.95% below the market average49.95% below the market average49.95% below the market average
90.8% below the sector average90.8% below the sector average90.8% below the sector average90.8% below the sector average90.8% below the sector average
Growth
79.86% above the market average79.86% above the market average79.86% above the market average79.86% above the market average79.86% above the market average
69.35% above the sector average69.35% above the sector average69.35% above the sector average69.35% above the sector average69.35% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sanne Group Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-19 20-Sep-18
Paid 21-May-19 19-Oct-18
Amount 9.20p 4.60p

Trades for 23-Aug-2019

Time Volume / Share Price
16:42 5,000 @ 533.08p
16:42 5,000 @ 533.08p
16:42 5,000 @ 533.88p
16:42 5,000 @ 533.88p
16:35 643 @ 531.00p

Sanne Group Key Personnel

CFO James Ireland
CEO Martin Schnaier

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