‘Demographic Trend’ Investing Company

Quoted on the AIM Market (AIM) of the London Stock Exchange (LSE), Limitless Earth Plc is an investing company with a particular focus on sectors where changing demographics are important drivers of growth. The directors have extensive contact bases and many years of experience in setting up, managing and growing businesses across a wide range of sectors, including health and wellness, energy, media, real estate, finance, internet and leisure. Limitless has so far made four investments, all of which are privately-held (Exogenesis Corporation, Chronix Biomedical, V-Nova and Saxa Gres SPA), and with all the investments offering significant growth opportunities, we classify Limitless Earth shares as a growth stock.

AGM Supports Growth Prospects

Reporting at its Annual General Meeting, Sanderson Group announced that it has made a solid start to the current financial year ending 30th September 2017, with sales order intake in the first four months of the year increasing by 8% on the comparable period a year earlier. The software and IT services group which specialises in multi-channel retail and manufacturing markets added that it remains confident that it will make continued progress in the current financial year. The announcement is in-line with our expectations, and we keep our forecasts unchanged. With the shares offering investors exposure to the high-growth Enterprise Resource Planning software market, as well as offering a decent dividend of 3.6%, we continue to classify the shares as a hybrid growth and income stock.

In-line With Expectation Profits

Sanderson Group has announced its results for the 12-months ended 30th September 2016. Revenue came-in better than our expectations, increasing by 11% to £21.32m (2015: £19.18m), although adjusted operating profit was in-line with our expectations, increasing by 12% to £3.69m (2015: £3.30m). Another key highlight was a better than expected dividend payment of 2.4p (forecast of 2.3p), up by 14% on a year earlier. The board remains confident that the company will make further progress and deliver trading results which are at least in-line with market expectations for FY17. Accordingly, we have upgraded our FY17 forecasts and issued forecasts for FY18. We continue to classify the shares as a hybrid growth and income stock, with the shares offering investors exposure to the high-growth Enterprise Resource Planning software market as well as a decent prospective dividend yield of 4.11%.

In-line with expectations EBITDA

Blur Group has announced an update for the quarter ended 30th September 2016. While the period saw an overall reduction in completed project volumes on the quarter prior (Q2 2016), it also saw an improvement in EBITDA, costs and cash burn, making it the fourth consecutive quarter of improvement. The company also added that EBITDA continues to be in-line with management expectations. Blur also confirmed that it has now added the ability for organisations to source goods through its online marketplace, creating an offering that eliminates waste across all categories of indirect spend. On the back of the announcement, we have maintained our forecasts, and continue to value the stock as a growth stock, with the shares offering investors exposure to the high growth business services-commerce market.

Better Than Expected Trading Update

Sanderson Group has released a trading update ahead of its full-year results for the year ended 30th September 2016. The key highlights include better than expected revenue, adjusted operating profit in line with expectations, strong cash generation and an optimistic outlook. Accordingly, we have updated our FY16 revenue forecast and maintained our FY17 forecasts. We continue to classify the shares as a hybrid growth and income stock, with the shares providing exposure to the high growth enterprise resource planning software market and offering a decent dividend yield of 3.7%.