Standard Life Private Equity Trust (SLPE)

Sector:

Investment Firms

Index:

FTSE Small Cap

310.00p
   
  • Change Today:
      7.00p
  • 52 Week High: 401.00
  • 52 Week Low: 192.50
  • Currency: UK Pounds
  • Shares Issued: 153.75m
  • Volume: 62,962
  • Market Cap: £476.61m

Sanderson chairman buys nearly 25% of company

Date: Monday 01 Feb 2010

LONDON (ShareCast) - Christopher Winn, the executive chairman of enterprise software provider Sanderson Group, has bought nearly all of private equity firm Alchemy’s stake in the company.

Alchemy was involved in the original management buy out of Sanderson in December 1999, which was split into three companies including Sanderson Group, which was floated on AIM on 16 December 2004. The placing price was 50p a share.

Winn spent £2.15m to buy the 10.76m shares at 20p each. Winn led the original management buy out of Sanderson and also the flotation of Sanderson Group. The purchase takes his stake from 5.16% to 29.97%. He could not have bought many more shares without being obliged to make a mandatory bid for Sanderson.

Alchemy still owned 1.238% of Sanderson after the transaction. The second biggest shareholder is Framlington with 7.8%.

Sanderson, which supplies software to retail and manufacturing firms, reported its full year figures before Christmas. Recurring revenues accounted for 55% of revenues of £24.9m in the year to September 2009 - the previous year‘s revenues were £27.6m. Underlying profits fell from £3.2m to £1.4m. Activity levels are improving but most of the deals fell into the current financial year. Admin expenses have been reduced to just over £14m a year, against just under £15.6m last year.

The contributions of both the manufacturing and multi-channel retail divisions were lower. The latter contributes more than two-thirds of profits and new products will be launched in 2010. Food is increasing in importance to the manufacturing division.

The final dividend is unchanged at 0.2p a share, although the total for the year is down from 1.4p a share to 0.4p a share.

Despite the slump in profit Sanderson still managed to cut net debt by £700,000 to £9.96m in the year to September 2009. House broker Charles Stanley believes that cash generation could cut net debt to £5m by the end of September 2012. The company’s bank facility was renegotiated in July.

Charles Stanley forecasts a recovery in underlying pre-tax profits to £1.9m in the year to September 2010.


Top Director Buys

Sanderson Group (SND)
Director name: Mr Christopher Winn
Amount purchased: 10,761,801 @ 20.00p
Value: £2,152,360

Connaught (CNT)
Director name: Mr Mark William Tincknell
Amount purchased: 100,000 @ 319.50p
Value: £319,500

Standard Life European Private Equity Trust (SEP)
Director name: Mr Edmond Warner
Amount purchased: 25,000 @ 100.40p
Value: £25,100

ITM Power (ITM)
Director name: Dr Graham Cooley
Amount purchased: 104,156 @ 19.65p
Value: £20,467

Witan Pacific Inv Trust (WPC)
Director name: Mr Sarah C Bates
Amount purchased: 6,500 @ 168.00p
Value: £10,920


Top Director Sells

IG Group Holdings (IGG)
Director name: Mr Jonathan R Davie
Amount sold: 200,000 @ 404.49p
Value: £808,980

Mitchells & Butlers (MAB)
Director name: Mr Jeremy Townsend
Amount sold: 4,213 @ 279.70p
Value: £11,784

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SLPE Market Data

Currency UK Pounds
Share Price 310.00p
Change Today 7.00p
% Change 2.31 %
52 Week High 401.00
52 Week Low 192.50
Volume 62,962
Shares Issued 153.75m
Market Cap £476.61m

SLPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.37% below the market average70.37% below the market average70.37% below the market average70.37% below the market average70.37% below the market average
56.47% below the sector average56.47% below the sector average56.47% below the sector average56.47% below the sector average56.47% below the sector average
Price Trend
17.66% above the market average17.66% above the market average17.66% above the market average17.66% above the market average17.66% above the market average
17.49% above the sector average17.49% above the sector average17.49% above the sector average17.49% above the sector average17.49% above the sector average
Income
41.58% below the market average41.58% below the market average41.58% below the market average41.58% below the market average41.58% below the market average
73.08% below the sector average73.08% below the sector average73.08% below the sector average73.08% below the sector average73.08% below the sector average
Growth
85.24% below the market average85.24% below the market average85.24% below the market average85.24% below the market average85.24% below the market average
79.75% below the sector average79.75% below the sector average79.75% below the sector average79.75% below the sector average79.75% below the sector average

SLPE Dividends

  Latest Previous
  Q4 Q3
Ex-Div 24-Dec-20 24-Sep-20
Paid 29-Jan-21 30-Oct-20
Amount 3.30p 3.30p

Trades for 03-Jul-2020

Time Volume / Share Price
16:35 3,629 @ 310.00p
16:23 5,000 @ 305.00p
16:23 4,582 @ 303.29p
16:19 5,000 @ 305.94p
16:19 542 @ 305.00p

SLPE Key Personnel

Chair Christina McComb

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