IC TIP:
Buy
at
72p
Operating profits in the first half to the end of March 2014 increased by 20 per cent to £1.2m on a near 25 per cent increase in revenues of £8m. Moreover, with the period end order book up 56 per cent year on year to £2.47m, it’s only reasonable to expect Sanderson to hit analysts' pre-tax profit estimates of £2.7m for the 12 months to the end of September 2014, up from £2.2m in fiscal 2013. The return from the investment in sales and marketing efforts can also be seen in a near doubling of the order intake to £4.2m, with 12 new customers gained and each one placing orders worth an average of £143,000.