HARRYCAT
- 13 Sep 2010 13:03
- 2 of 226
Ticker is SGP
BAYLIS
- 13 Sep 2010 20:15
- 3 of 226
HOW DO I CORRECT IT.
HARRYCAT
- 13 Sep 2010 23:52
- 4 of 226
Don't know. Ask Ian on the 'Bugs' thread to correct it for you.
IanT(MoneyAM)
- 14 Sep 2010 08:58
- 5 of 226
BAYLIS/HARRY,
I have corrected the epic code on this thread for you,
Ian
cynic
- 14 Sep 2010 11:29
- 6 of 226
this is such a difficult share to trade as it's very illiquid - much harder than even ASOS
my inclination would be to buy SGP on fundamentals, especially after this morning's profit taking following excellent results
on the other hand, though ASC continues to powere ahead, much of that fuel feels to be based on a hoped-for t/o, which is always a dangerous premise for buying
cynic
- 14 Sep 2010 12:25
- 7 of 226
and have now married money with mouth at 1102
BAYLIS
- 14 Sep 2010 20:02
- 8 of 226
THANKYOU IAN
dikytree
- 16 Sep 2010 13:14
- 9 of 226
Cynic ---- (this is such a difficult share to trade as it's very illiquid)
I disagree -- SGP market cap = 880.9 mil --- fTSE 250 stock --shares in issue 79.08 mil
-- ASC market cap = 823.66 mil --- Aim stock --- shares in issue 74.47 mil
SGP CAN BE HELD IN ISAQ AND SIPP, ASC IN SIPP ONLY
NO PROBS TRADING !!!
D'tree
cynic
- 16 Sep 2010 13:25
- 10 of 226
now do yourself a favour and look at the volumes traded and at L2 to see the amounts offered and bid .... ASC is somewhat better in the above respects
dikytree
- 16 Sep 2010 16:07
- 11 of 226
One would expect lower volumes after a meteoric rise -- spreads will always be wide -- too many large swing trades!
cynic
- 16 Sep 2010 16:28
- 12 of 226
you're talking rubbish
dikytree
- 17 Sep 2010 08:58
- 13 of 226
Good to hear your opinion -- and good luck with your SGP purchase.
;-)
Bullshare
- 11 Nov 2010 10:59
- 14 of 226
SuperGroup plc has been 'nominated' by Shares readers in the Best IPO category. The Awards ceremony is tonight.
Nominations are:
Bellzone Mining plc
CSF Group plc
Digital Barriers plc
EMIS Group plc
Jupiter Fund Management plc
SuperGroup plc
tomasz
- 15 Dec 2010 17:18
- 15 of 226
pretty quiet here today despite earthquake... all gone?..:))
cynic
- 15 Dec 2010 18:00
- 16 of 226
wow! did this stock get walloped or what! .... i'm afraid i also foresee similar for ASC say around end January just after the christmas figures come out
HARRYCAT
- 16 Dec 2010 09:33
- 17 of 226
Two points of view:
"SuperGroup (Buy, TP 1,600p). Key points from analyst presentation. Management expects a 200bps hit to achieved gross margin in a/w 11, a single season impact only. However, management also expects consensus forecasts to remain unchanged you wouldnt realise this from the statement this morning or the analyst presentation itself, only by speaking to them post meeting. If you took 200bps off full year forecast for 2012E, not just a/w11, the PBT impact would be 4m or 6%, without any mitigating factors. More to the point, we get the impression trading in all channels is currently very strong, with online accelerating materially from recent IMS data, suggesting we are looking on track for upgrades in the January IMS. With no change to our target price at 1,600p, and upgrades likely in January, we feel todays share price fall is an overreaction (a function of a badly worded statement) and further to this mornings comments, retain our BUY stance given the shares currently offer 17% upside to our TP."
From Goldman Sachs:
"Input cost pressure to hit gross margin
In terms of current trade, no numbers, but the company has suggested that rising input costs will impact gross margins which may not recover to more normal levels until FY13. We had previously understood that SuperGroup expected to navigate input cost pressures relatively well as a result of its growing scale and bargaining power with suppliers, so we see this as a negative turn.
The additional cost pressures and accounting changes are part and parcel of a young and fast growing company, and the underlying growth in profits is still impressive. However, we maintain our view that it is hard to justify the current valuation of 26x calendar 2011E P/E, particularly with downwards pressure to our top end estimates. Estimates under review, maintain Sell recommendation."
cynic
- 05 Jan 2011 10:12
- 18 of 226
even more difficult to trade than ASC, if sentiment moves against this stock, then there is likely to be plenty of downside to play ...... UK retail is assuredly set for a really tough 2011 and SGP has been perceived up to now as a "growth darling" .....
i don't care for NEXT much either ..... i think their products are poor and i am far from convinced that the management has much idea how to run a fashion business ..... another one as a potential short
OCDO is another which looks badly overpriced
cynic
- 12 Jan 2011 10:30
- 19 of 226
phew! closed short first thing this morning with a small profit ..... SGP's trading statement was certainly much better than i expected, and sp has now rocketed
cynic
- 12 Jan 2011 13:34
- 21 of 226
it's Next management that i think is rubbish ...... i just felt that SGP was over-priced, but at least the profit would have been sufficient for dinner at Waterside (for 1!) - fantastico, even if f expensive ..... have also had good report re Hind's Head in Bray which was terrible not so long ago; clearly Mr B sacked the chef there
hangon
- 12 Jan 2011 13:49
- 22 of 226
I still wonder if we punters aren't completely mad - two stocks ASOS ans SGP are trading at eye-watering prices, surely a target for some stout fellow like ---. These businesses are not imune to World events - Yet the trading update from SGP appears to tell their t/o was up over the nine weeks arround Xmas. Yet this was a time when stores (elsewhere) were starved of stock due to the weather; ditto Customers who stayed at home (so good for on-line ASOS, I'll agree). And SGP tells the Market they have eliminated Cotton-price rises! Eh? A retailer that is immune to commodity prices...well, that's a first!
Now who wants to pay 16 for stock that was issued at 5p? (SGP recent high).
Well if there was a strong dividend, like 8% fully covered, perhaps a miner, or energy-supplier sitting on massive reserves. (ie little costs and stock the World will pay your price for.).
Mind-you I'm surprised women will pay 500 for silly shoes that fall apart if they run for a bus!
cynic
- 12 Jan 2011 13:52
- 23 of 226
women who pay 500 for a pair of shoes are unlikely to travel by bus, let alone run for one! ..... meanwhile, i shall stay short of NXT and ASC
BAYLIS
- 12 Jan 2011 14:38
- 24 of 226
Youth fashion retailer SuperGroup Plc claimed its best-ever Christmas trading period, with retail sales up by 93.6% on last year to 51.7m.
CEO Julian Dunkerton said the group was now positioned to deliver profits towards the upper end of market expectations.
Wholesale sales over the nine weeks to January 2 rose by 77.8% to 13.4m.
There was a 243.3% increase in internet sales, which were included in retail.
Total group sales over the period showed a 90.1% increase to 65.1m.
cynic
- 04 Feb 2011 16:14
- 25 of 226
great rns today and with figures due out on wednesday, be prepared to sell on the news as sp has gone stellar today
BAYLIS
- 11 Feb 2011 17:10
- 26 of 226
tomasz
- 12 May 2011 09:11
- 27 of 226
woaa.. dead open , some 240 point down.. scary market for sgp these days... dead silence here.. all dead...
mitzy
- 12 May 2011 09:56
- 28 of 226
Brace yourself.
skinny
- 12 May 2011 09:59
- 29 of 226
cynic
- 12 May 2011 14:42
- 30 of 226
i traded SGP a couple of times, and fortunately profitably .... however, i came to the conclusion that it was far too illiquid and dangerous - indeed, even more so that ASC
BAYLIS
- 17 Jun 2011 18:07
- 31 of 226
Half price.
mitzy
- 21 Jun 2011 11:04
- 32 of 226
Nice bounce due to paper positive comment.
BAYLIS
- 13 Jul 2011 19:51
- 33 of 226
OVER 1050p
BAYLIS
- 22 Jul 2011 20:24
- 36 of 226
OVER 1100p
mitzy
- 05 Oct 2011 08:24
- 37 of 226
Biggest faller this am.
skinny
- 05 Oct 2011 08:30
- 38 of 226
RNS Number : 5651P
SuperGroup PLC
05 October 2011
SuperGroup Plc
Update
SuperGroup Plc ('SuperGroup' or 'The Group'), owner of the Superdry brand and one of the fastest growing international branded clothing companies, announces the following update.
At the end of August SuperGroup implemented an upgrade programme to its warehouse management systems to increase capacity and efficiency at its Barnwood site to meet future growth in demand. Once live, the business encountered some short-term issues in the transition which has caused a significant, temporary reduction both in the amount of stock and range of sizes reaching its UK stores.
SuperGroup's international and wholesale operations are not affected.
The Group has reacted swiftly to resolve the situation. Whilst the majority of the system issues have been rectified, some are still ongoing. Temporary warehouse facilities have been commissioned to address capacity requirements. It is anticipated that our distribution capability will have returned to normal levels of operation and have been fully upgraded with additional capability and efficiency in November. We estimate that the total cost of this isolated event, including the additional temporary warehousing capability and resulting lost sales during the period, will impact the current year's profitability by between GBP6-9 million. Stock levels will also increase by c.GBP2 million.
During this period we continue to see ongoing appeal for the Superdry brand in the UK, internationally and online. Our new UK store opening programme is likely to be at the upper end of Q2 guidance with eight new stores opened since the beginning of our financial year. Our international opening programme and growth plans remain on track. Whilst the issues outlined above are an unwelcome temporary set-back, these changes to our warehouse management systems are vital in supporting the significant growth we continue to experience in the business. Our strategy is unchanged and we have a high level of confidence in the Group's future growth prospects.
SuperGroup will be hosting a conference call for analysts AND INVESTORS at 0830 HOURS BST today. Please call Jamie Ramsay at College Hill for dial-in details on 020 7457 2047 or email jamie.ramsay@collegehill.com
5 October 2011
tomasz
- 06 Oct 2011 00:31
- 39 of 226
watching them..wishing them well ..statement 66% forward ..nice recovering.. then bang! and another big cockup in management..they cant do these things..specially in this full of fear market.red flag.
btw nice chart compare with asc... mean anything valuable ?
mitzy
- 31 Oct 2011 08:49
- 40 of 226
cynic
- 31 Oct 2011 09:06
- 41 of 226
i see no logic at all in buying into uk retailers, whether high street or on-line - that applies equally to ASC and NXT as well as SGP - it's just pissing against the wind
XSTEFFX
- 31 Oct 2011 18:50
- 42 of 226
ITS ALL ABOUT TIME ING, INIT.
cynic
- 31 Oct 2011 19:58
- 43 of 226
indeed, but i think the timing is "not now"!
BAYLIS
- 02 Dec 2011 21:23
- 44 of 226
Timing.
BAYLIS
- 05 Dec 2011 19:53
- 45 of 226
mitzy
- 22 Dec 2011 19:51
- 46 of 226
dreamcatcher
- 18 Jan 2012 17:00
- 47 of 226
You may or may not have heard of SuperGroup . It is a clothes retailer whose main brand is Superdry, a fashion label that combines faux Japanese lettering and vintage Americana fabrics and has been the height of cool in the past few years.
Back in the spring of 2010, SuperGroup shares were launched in an IPO at a price of £5. The shares then proceeded to rocket to £18 in early 2011 as the company's high-growth model was flavour of the month.
But the business has endured a torrid time over the past year. In May 2011 shares slumped because the retailer failed to get enough summer clothing into their stores as the UK went through a heatwave.
Then, in October of last year, SuperGroup had problems at a distribution warehouse, which resulted in shops getting too little stock and the wrong size stock. The total hit from this mistake was estimated at £9 million.
The net result of these gaffes was that the share price collapsed. From the peak of £18 in February of last year, the share price hit a low of 440p in November 2011. Quite simply, the short-sellers have had an absolute field day with this share.
But now that SuperGroup has been shorted to oblivion, it's worth taking a second look at the company. In my view, the fundamentals that made the firm so appealing a year ago still apply.
Still a great growth story
This is still a company with a strong brand, a brilliant design team and a great growth story. It aims to open 20 stores in the UK and 50 overseas in the financial year to April 2012. It is growing revenue and profit by around 40% a year.
The long-term goal is to have 150 stores in the UK; there are currently 80. Plus the scope for growth abroad is even greater -- already two thirds of sales are generated overseas, and I expect this proportion to increase. After all, the business is still to get a solid foothold in markets like China, the US and Germany. Suffice to say, there is a lot more growth to come from SuperGroup.
Admittedly, it is probably this rapid rate of growth which led to the warehousing difficulties. But SuperGroup is still a young company, and perhaps it is inevitable that it will have some teething problems. I am hopeful that these will be ironed out over time.
The brand isn't losing its lustre
But the real clincher for me came in the Christmas trading statement. Many SuperGroup bears have been saying that the fashion appeal of the retailer was bound to fade.
But I think the simplest proof about whether or not a brand or a company remains popular is like-for-like sales. And the Christmas trading statement said that like-for-like sales in December were up 9.3%. That is impressive, and is clear evidence that the Superdry brand is a long way from losing its lustre.
No wonder the share price has been rocketing recently. In the past six weeks it has risen a phenomenal 40%. And if you haven't jumped on board yet, I think the share price has further to go.
There are a couple of provisos. SuperGroup shares have a reputation for being volatile, so if you do get on board you should be prepared for a bumpy ride. Also, the firm needs to convince investors that it can manage its growth without making any more gaffes.
How do I sum up? Well, the current share price of 636p puts the company on a forward P/E multiple of just 11 -- and, remember, that is after the 40% rise. For a business that is growing at around 40% a year, that still looks cheap to me
skinny
- 18 Jan 2012 17:11
- 48 of 226
There is only one Supergroup and that's Cream :-)
dreamcatcher
- 18 Jan 2012 17:13
- 49 of 226
WHO ?
dreamcatcher
- 18 Jan 2012 17:16
- 50 of 226
Right -
Cream were a 1960s British rock supergroup consisting of bassist/vocalist Jack Bruce, guitarist/vocalist Eric Clapton, and drummer Ginger Baker.
Sorry not to make you feel old skinny, bit before my time - :-)
BAYLIS
- 24 Jan 2012 20:50
- 51 of 226
Supertramp WERE good too.
goldfinger
- 08 Feb 2012 09:15
- 52 of 226
Supergroup SGP.
Doesnt look very good from the technical
side. SP prices down to 450p may develop imo
goldfinger
- 08 Feb 2012 09:32
- 53 of 226
Brokers already downgrading.......
BRIEF-RESEARCH ALERT-Merchant securities cuts Supergroup to sell
08 Feb 2012 - 08:19
Feb 8 (Reuters) - Supergroup PLC :
* Merchant securities cuts Supergroup to sell from hold
For a summary of rating actions and price target changes on European companies:
Reuters Eikon users, click on [RCH/EUROPE]
Reuters 3000Xtra users, double-click [RCH/EUROPE]
ahoj
- 08 Feb 2012 09:41
- 54 of 226
Are these downgrades, hold, and upgrades valuable.
Short term or long term?
goldfinger
- 08 Feb 2012 10:13
- 55 of 226
Its a SELL rating ahoj.
goldfinger
- 08 Feb 2012 10:14
- 56 of 226
cynic
- 08 Feb 2012 10:52
- 57 of 226
i keep saying but i'll say it again ...... uk high street fashion retail should be avoided
goldfinger
- 08 Feb 2012 14:30
- 58 of 226
Numis, however, remain sell and are happy to tell everyone.
BE
Supergroup has seen sales slow dramatically over the last 3 weeks, with the Q3
outturn implying LFLs of -3% through January, even against weaker comps. We
lower our Apr-12 PBT forecast from £54.1m to £49.0m and, with the stock trading on 15x earnings, reiterate our SELL recommendation.
BE
Sales slow in January: Having posted a Christmas trading update which saw LFLs
improve over the first 9 weeks of Q3 to +5.8% (+9.3% through December), Supergroup
has seen sales slow dramatically over the last 3 weeks of January. LFLs ended Q3 at
+4.4%, implying a run-rate of -3% since the Christmas trading update. Moreover, the
statement notes that the slowdown was only for the last 3 weeks of January, implying a
considerably worse exit rate, likely at least -5%.
BE
Against weaker comps: Strikingly, this performance is set against weaker comps; last
year, the slowdown from the 9 week Christmas sales growth to the 13 week Q3 update
implied this 4 week stub was facing comps c.10% below those over Christmas.
BE
There were mitigating factors: While we had expected sales growth to resume its
declining trend through 2012, we had not expected such a rapid change in trajectory.
Admittedly there are mitigating factors; this is a fairly insignificant period in terms of
sales, competitor clearance activity ran longer than last year and the warmer weather
didn’t suit Superdry’s product range. However, it is also worth pointing out that with
internet still growing, and international online sales included in the LFL number, the UK
store-based LFLs must have moved comfortably into double-digit negative LFL territory.
BE
(Wrong weather klaxon!)
BE
Brand increasingly mass market: In our view, the solid performance over the
Christmas peak, followed by a deeper trough during non-peak periods reflects the
continued mass-marketisation of the brand; Superdry is increasingly appealing to
customers who only shop twice a year – at Christmas and for a summer outfit.
BE
Forecasts lowered, reiterate SELL: Although Wholesale sales resumed its growth
trend (+59.2%), management has guided PBT to be towards the lower end of
expectations; we cut our earnings forecast from £54m to £49m. The shares now trade
on 15x and we reiterate our Sell recommendation, believing the brand has passed its
peak and expecting the sales trend will continue a negative trajectory through 2012.
BE
And that’s enough, I think.
goldfinger
- 08 Feb 2012 14:44
- 59 of 226
Further update for Broker NUMIS and target SP
SuperGroup FTSE 250 Consumer, Cyclical Sell 450 584 -22.9% Numis Securities
Target SP 450p 22.9% downside.
hlyeo98
- 10 Feb 2012 16:07
- 60 of 226
Retail to run out of steam
Retailers have been among the biggest gainers on the stock market so far this year, after Christmas turned out to be not quite as dreadful as many expected, and economic reports from major economies suggest pre-Christmas fears of a global economic meltdown were misplaced.
Shares in the FTSE All-Share General Retail Index have climbed 11 per cent in the year to date - exactly the retail bounce we wrote about at the start of December. But it has been more troubled retailers like JJB and Game Group that have been the major beneficiaries rather than the more robust operators we suggested may have been unfairly dragged down in the retail sell-off at the end of last year.
And, although the latest figures from the British Retail Consortium pointed to a slowdown in January, analysts remain largely sanguine. "[The like-for-like fall of 0.3 per cent] is perhaps a bit worse than expected, but we are not sure that justifies the weeping and wailing," said retail expert Nick Bubb.
Meanwhile, Markit's Household Finance Index for January suggested that consumers were slightly more upbeat about their finances than they have been for some time. "The year has started with a few chinks of light for household finances, helped in no small part by a drop in inflationary pressures on the high street and recent news of energy price reductions,", said the group's senior economist Tim Moore, as its statistics showed the deterioration in household finances had slowed to its lowest rate in 13 months.
Even so, there are clear signs that, along with the icy weather, the retail market is starting to freeze over once again. Fashion retailer SuperGroup warned that its profits this year would be at the lower end of expectations, after a substantial drop off in sales in the last three weeks of January, effectively a profit warning for a group that has serious growth expectations to live up to. That follows a warning from another clothing retailer, French Connection , last Friday, which brought to an abrupt end the 60 per cent gain its shares saw in the preceding month.
And, although lower inflation may be lightening consumer mood, it is not encouraging them to spend - nor, it seems, is the promotional activity that boosted Christmas trading and remains, according to Mastercard Spending Pulse, at elevated levels. Analyst Simon Irwin at broker Liberum believes consumers remain worried about job security and are choosing to pay off debt rather than spend. "We see little potential for consumption to increase meaningfully [in 2012]," he said, also noting that the sector remains dogged with structural issues.
So, while we still think it's worth hanging onto stronger retailers, and dipping into their shares on weakness with a long-term view, we'd be inclined to take advantage of gains elsewhere, since little has fundamentally changed.
Braveheart831
- 14 Feb 2012 22:41
- 61 of 226
SPG's progress over last few years has been consistent-continued growth and bottom line profit. Financials are sound and unlike many other retailers not over borrowed. Although 3 weeks lower than expected trading figures in Jan, trading patterns are changing in a number of sectors. Like Burberry, I would much rather be a "high end label" and one that is liked by the youngsters than a discount retailer. Retailers like French Connection and Supergroup which are still making profits and not increasing debt in the current retail environment arer the ones that I would rather hold when we come out of recession. Youngsters in the UK still spend on "labels" and this trend is expanding all over the world. Whilst Supergroup may well drop to 450p, I believe it will quickly head back up to £6+ the further into 2012 we go and the growth story continues. The share price fall has been on very low volumes. A few serious buyers at decent volumes would soon change the pattern. Hang on in.
BAYLIS
- 15 Feb 2012 16:28
- 62 of 226
22% of people out of work are Youngsters.AB FOODS FOR me now, PRIMARK. ABF1219p SGP519p
skinny
- 20 Apr 2012 07:26
- 63 of 226
skinny
- 20 Apr 2012 07:28
- 64 of 226
Fall today ?
SuperGroup Plc
Update
SuperGroup Plc ('SuperGroup' or 'the Group'), today provides an update on profit guidance for the financial year to 29 April 2012.
The Group expects profit before tax for the full year to be approximately £43m. The most material reasons for this are:
There have been arithmetic errors in our forecast of the Wholesale business amounting to some £2.5m.
Also, the Wholesale business is multi-dimensional, experiencing high growth levels and, given our rapid expansion and lack of history, it is difficult to predict accurately. There is a shortfall in the current year of some £2.0m due to the particular timing of pull-down of stock over the year end period by both franchise and wholesale customers. As this is largely a timing issue, the majority of these sales will fall into our FY13 result.
Retail sales are in line with expectations, however, the mix of sales through our various channels has impacted margins. Additionally, we took the decision to increase our operating costs in order to ensure that we had the correct product at the right time in each of our retail channels, and also, to accelerate investment in our management team. We anticipate the impact of these factors to be some £2.0m in total.
The above factors will have a minimal impact on our projections for FY13.
We intend to issue our IMS on 10 May 2012, as planned.
cynic
- 20 Apr 2012 07:43
- 65 of 226
this company has badly blotted its copybook over the last year or so, and i would expect the market to react pretty brutally
skinny
- 20 Apr 2012 08:42
- 66 of 226
Just the 35% down then.
halifax
- 20 Apr 2012 13:42
- 67 of 226
CFO doesnt know the difference between a + and a - you just have to feel sorry for shareholders, how long has this arithmetic error been going on who are their auditors? sell.
hangon
- 20 Apr 2012 13:48
- 68 of 226
Agree Halifax and other posts today.
+I've never understood the Market desire for this stock. PE is way too high, +no yield so it's all on Hope . .. and I suspect this second PW won't be the last . . . Management must use this turmoil to clear out any other bad news . . . and - pronto.
However, I understand most shares are held privately (Family?), so there will be long face around the dinner table tonight.
£16 this time last year, now £3.60-ish (briefly under £3 soon?)
Never held, yet it's not often a fully working business falls 40% in a day....Ouch!
Whilst the reported error is quite small as a % of Profits, it just adds to an overall feeling this is a wrong'un...IMHO. Time will tell.
mitzy
- 20 Apr 2012 13:50
- 69 of 226
Buy at 90p imo.
ahoj
- 20 Apr 2012 14:04
- 70 of 226
That's Black and White mentality. Negative means zero for some of these guys.
hlyeo98
- 20 Apr 2012 15:05
- 71 of 226
This is a disgrace.
dreamcatcher
- 22 Apr 2012 07:59
- 72 of 226
..Questor share tip: Avoid SuperGroup despite share price slide
By Garry White | Telegraph – 38 minutes ago
Was it a bird? Was it a plane? No, it was SuperGroup (LSE: SGP.L - news) shares slumping by more than a third on Friday after it issued its third profit warning in seven months.
The company, which makes Superdry-branded clothes, had to confess it had got its sums wrong. There was an “arithmetic error” made in previous forecasts, which really does not inspire confidence.
As a result and because of timing issues with stock the company now sees full-year pre-tax profits of about £43m, down from previous expectations of £50m.
Supergroup has managed to prove the old stock market adage that profit warnings come in threes.
The first warning in October was caused by teething troubles in a new computer system. This “caused a significant, temporary reduction both in the amount of stock and range of sizes reaching its UK stores”. This, it said, would knock between £6m to £9m off its profit.
Then, in February, the company revealed there had been a slowdown in sales after Christmas. Profit guidance was cut again to the lower end of the £50m-£54m range.
ALL was looking well for SuperGroup until the latest disaster.
The company rectified its supply chain problems and beefed up its board.It poached John Lewis Partnership’s director of fashion and beauty four weeks ago,
Susanne Given, the ex-managing director of TK Maxx, also joined, as chief operating officer, so that chief executive Julian Dunkerton could focus on strategy.
Habitat’s Shaun Wills took over as chief financial officer from Chas Howes, who stepped down due to personal reasons. Things were looking up.
The market does not take mistakes such as “accounting errors” very lightly. It is going to take some time for the company’s credibility in the City to be rebuilt.
The fashion industry is difficult enough, being driven by many here-today-gone-tomorrow brands. Just last week Jaeger and Aquascutum hit the skids.
There is no doubt the shares now look cheap but things can be cheap for a reason.
Brave punters may wish to bet on a recovery but Questor would continue to avoid the shares, as has been the recommendation for some time.
cynic
- 22 Apr 2012 08:46
- 73 of 226
one is tempted to think that there is still a fair bit of downside here for shorting, but it's a very illiquid stock and MMs will beat us to it before the opening bell
skinny
- 22 Apr 2012 09:26
- 74 of 226
Unfortunately CMC don't cover it - I tried 1st thing on Friday.
cynic
- 22 Apr 2012 09:32
- 75 of 226
IG certainly do
skinny
- 10 May 2012 07:11
- 76 of 226
dreamcatcher
- 10 May 2012 20:19
- 77 of 226
..SuperGroup growth slows for fourth quarter in a row
By Jamie Dunkley | Telegraph – 48 minutes ago
SuperGroup (LSE: SGP.L - news) has played down suggestions that its Superdry fashion label is losing its appeal with shoppers after growth slowed for the fourth consecutive quarter.
The retailer, whose clothes are worn by celebrities such as David Beckham and Pippa Middleton, saw sales rise 14pc to £75.2m in the 13 weeks to April 29, its fiscal fourth quarter.
The slowdown from third-quarter growth of 25.3pc was blamed on the tough retail environment.
Julian Dunkerton, chief executive, said: "I'm fully confident that the brand is strong and healthy and alive. You have to remember we have grown by 675pc in four years and we are now building up the structure to assist us going forward."
In March, SuperGroup poached John Lewis Partnership's director of fashion and beauty as it attempts to beef up its board.
Retail veteran Susanne Given took up the newly created role of chief operating officer in a move designed to give Mr Dunkerton more time to focus on strategy and branding.
Ms Given, previously managing director of TK Maxx, the discount fashion retailer, will concentrate on improving the company's operation and efficiency across its UK retail business.
More than £170m was wiped off the value of Supergroup's shares on April 20 after the fashion company admitted it couldn't count and blamed "arithmetic errors" for a calamitous profit warning.
At the time, said it would it miss annual profit forecasts by about £7.5m because of mistakes in its wholesale business, apparently down to a "plus" sign accidentally being entered in accounts instead of a "minus".
Jonathan Pritchard, retail analyst at Oriel Securities, said on Thursday: "At the moment it's a very long road in front of them, to restore trust after three profit warnings in the last year. But the new management team clearly has the credentials to do so."
SuperGroup shares rose 26 to 333.25p.
Jean Roche, analyst at Panmure Gordon, added: "Remaining shareholders will take some small comfort in the fact that the company's full-year profit guidance of £43m is unchanged."
..
cynic
- 10 May 2012 20:44
- 78 of 226
avoid unless you want to gamble on a high street fashion company where the management hold all the cards
goldfinger
- 10 May 2012 21:58
- 79 of 226
Is this worth a short friday?
skinny
- 11 May 2012 06:53
- 80 of 226
We all like a short Friday! :-)
goldfinger
- 11 May 2012 11:29
- 81 of 226
SGP SUPERGROUP
Gone short on SGP. More fundies than tech. But tech is poor anyway. results yesterday very poor. More bad weather and I reckon they are in a real mess looking at those accounts.
goldfinger
- 11 May 2012 11:40
- 82 of 226
Broker sell note out to clents today.
10 May SuperGroup PLC SGP Peel Hunt Sell 330.45 300.00 300.00 Reiterates
cynic
- 11 May 2012 12:30
- 83 of 226
i don't disagree at all with the logic of shorting SGP EXCEPT it is very illiquid and thus a dangerous manoeuvre ..... rather like ASC but worse
goldfinger
- 11 May 2012 12:33
- 84 of 226
Seymour Pierce
08-05-12 None 52.00 49.20 64.00 59.80 15.00
Peel Hunt
03-05-12 SELL 43.08 39.87 48.11 45.33
Panmure Gordon
30-04-12 HOLD 43.20 41.60 55.60 55.40 11.10
Numis Securities Ltd
20-04-12 SELL 42.90 38.50 10.00 62.40 55.90 25.00
Shore Capital
13-01-12 SELL 55.10 50.60 15.00 69.10 63.60 18.80
goldfinger
- 11 May 2012 12:52
- 85 of 226
SGP stock on loan from data explorers....
proxy for shorting.....
goldfinger
- 11 May 2012 15:27
- 86 of 226
.......... 11 May'12 - 15:20 - 4266 of 4267 edit
Intersting reading the premium
broker notes on the demise of this
company on the pulse.
SuperGroup Plc (SGP)Apr 20, 2012Chief Pulse Comment by Julian Dunkerton
As luck would have it, Wills arrives on Monday with carte blanche, says Dunkerton, to review "all internal controls". more
And the arrival of Susanne Given as chief operating officer and new finance director Shaun Wills will add experience. As luck would have it, Wills arrives on Monday with carte blanche, says Dunkerton, to review "all internal controls". That sounds ominous. Indeed, it explains why analysts are already braced for another profits warning, cutting 2013 forecasts by 20pc to £55m – despite SuperGroup insisting the fiasco will have "minimal impact" on next year
........... 11 May'12 - 15:22 - 4267 of 4267 edit
SGP Super Group
Premium Comment On the Pulse
SuperGroup Plc (SGP)Apr 20, 2012
Analyst Comment by KBC Peel Hunt
Downgrade to Sell by KBC Peel Hunt
more
Share this 0 read full story SuperGroup Plc (SGP)Analyst Comment by Panmure Gordon
Downgrade to Hold by Panmure Gordon
more
Share this 0 read full story SuperGroup Plc (SGP)Analyst Comment by Oriel Securities
Downgrade to Hold by Oriel Securities
more
goldfinger
- 11 May 2012 15:47
- 87 of 226
The actual
nav is 151.31p forecast to rise to 223.70p
2012.
Therefore we have a retail company trading
on a Premium to assets of 53.5% and going forward
to 2012 31.3% (this figure subject to close scrutiny after last fiasco)
Way too high and far too expensive.
hlyeo98
- 11 Jun 2012 14:20
- 88 of 226
This has got to be the turkey of the year
dreamcatcher
- 01 Aug 2012 16:55
- 89 of 226
SuperGroup shares ended July on 417p, up 80p (24%) from 337p at the end of June. But they're still way down from their 52-week high of 1,136p.
The longer-term collapse was in part due to a series of profit warnings caused by woeful accounting mistakes, a fact that the company confessed to in its annual report -- but the price had been badly over-hyped over the past couple of years.
Annual results showed a 32% rise in sales, with 26 new stores opening during the year and like-for-like sales up 2%. Internet sales are growing and accounted for 10% of sales.
Forecasts for Supergroup put the shares on a prospective price-to-earnings (P/E) ratio of around 9 for next year, falling to 8 for 2014. And though there isn't much of a dividend yet, that makes it look like this recovery is not over.
dreamcatcher
- 14 Aug 2012 17:32
- 90 of 226
SuperGroup (LSE: SGP.L - news) sheds 0.6 percent as the owner of the Superdry fashion brand is dealt another blow, with the co-founder of the business, Theo Karpathios, abruptly quitting "to take on new challenges".
dreamcatcher
- 08 Sep 2012 23:02
- 91 of 226
On Tuesday, Supergroup, the "too much, too soon" stock market story of recent years, takes another step in its attempt to repair relationships with the City.
Chief Executive and co-founder of SuperGroup Theo Karpathios abruptly quit his position in the middle of August to 'take on new challenges,' having presumably got fed up dealing with the surfeit of "old challenges" at the trendy clothing firm, which has had more than its share of teething troubles since floating on the stock exchange.
To make matters harder for the firm, the trading statement covers the first quarter (Q1) of its financial year, which last year was a bumper period for the fast-growing firm, in which like-for-like (LFL) retail sales growth of 14.4% year-on-year was achieved.
"We forecast retail sales growth of around 15% and wholesale sales growth of around 5% for Q1 2012/13, which implies group quarterly revenue growth of c.11%," Panmure Gordon said, adding that it thinks the market is slowly regaining trust in the company's management.
The broker reckons the shares are worth holding, if you already have them. "We await further evidence that our gut feel (of stronger management in the form of a new FD [finance director] and, especially, a new COO [chief operating officer) is correct before moving to a more positive stance," Panmure Gordon's Jean Roche said.
dreamcatcher
- 11 Sep 2012 20:40
- 92 of 226
Just as fellow fashionista Burberry was falling on an effective profit warnings, SuperGroup -- the owner of the Superdry brand -- saw its shares perk up by 33p (6.2%) to 564p. Again, it was an interim update that did it, but this time it was all positive with total sales for the first quarter up 10% to £59.7m, and the company is on course to meet its financial objectives.
The shares are still way down on the year, but since the middle of June they've more than doubled from a 2012 low of 264p.
dreamcatcher
- 12 Sep 2012 16:17
- 93 of 226
Moving up nicely now
dreamcatcher
- 14 Sep 2012 15:07
- 94 of 226
Sold my holding
goldfinger
- 11 Dec 2012 08:35
- 95 of 226
Results tomorrow....
SuperGroup Plc (SGP)Nov 23, 2012Analyst Comment by Frederick George at Seymour Pierce
Seymour's retail analyst Freddie George, who knows and holds Sutherland "in high regard", reckons the company behind the SuperDry brand has significant potential to develop and boost profitability overseas with the likely tidy up of its complex international make up. more
. It comes on the back of a change to its board as Minnow Powell, a former Deloitte partner, and Euan Sutherland, current chief operating officer at B&Q owner Kingfisher ( LON:KGF) were appointed as non executive directors. . Seymour's retail analyst Freddie George, who knows and holds Sutherland "in high regard", reckons the company behind the SuperDry brand has significant potential to develop and boost profitability overseas with the likely tidy up of its complex international make up. .
goldfinger
- 11 Dec 2012 09:15
- 96 of 226
From IC week ahead....
A recently steady performance at fashion retailer SuperGroup (SPG) should allow the group to reveal a decent set of half-year figures on 12 December. In particular, the company has been expanding its UK store portfolio and is looking to improve profitability overseas while also boosting internet sales. In fact, a second-quarter trading update last month reported that group sales had increased 20.3 per cent on the same period last year, as cooler weather boosted sales of coats and hoodies. Second quarter retail like-for-like sales rose by a healthy 5.8 per cent, while the wholesale unit's sales, on a constant currency basis, grew 14.4 per cent in that period. At 609p, the shares have slipped around 12 per cent since mid-November and, trading on 12 times broker Seymour Pierce's full-year EPS estimate of 51p (2012: 37.9p), aren't demandingly rated for a decently performing retailer.
goldfinger
- 12 Dec 2012 07:40
- 97 of 226
SUPER results.....
Highlights
· Group revenue up 16.2% to £158.2m.
· Retail revenue up 26.4%; like-for-like2 sales growth 3.9% (2011: 4.0%).
· International expansion: 37 franchise and licensed stores opened including the first franchise store in India.
· Internet now represents 10.2%3 of Group revenue (2011: 8.2%).
· International websites launched in Canada, Switzerland, Spain and Italy.
· 90 bps gross margin improvement, reflecting falling cotton prices and improved supplier terms.
· Underlying1 PBT up 13.1%.
Current trading & outlook
In the six weeks since the end of the period the Group has performed broadly in line with internal expectations and generated positive like-for-like retail sales.
Although the consumer climate remains challenging and the Group is trading against a strong December sales performance last year, which saw like-for-like sales at +9.3%, the Superdry stores are well positioned ahead of this year's peak trading period.
http://www.investegate.co.uk/supergroup-plc-(sgp)/rns/interim-results/201212120700073064T/
goldfinger
- 12 Dec 2012 07:43
- 98 of 226
Profits rise
"LONDON (Reuters) - SuperGroup (SGP.L), the British company behind the Superdry fashion brand, posted a 13 percent rise in first-half profit, helping to rebuild management credibility after a string of profit warnings in the previous year.
The group, whose celebrity fans include royal favourite Pippa Middleton and singer Ed Sheeran, said on Wednesday it made an underlying pretax profit of 14.7 million pounds ($23.7 million) in the six months to October 28.
That was in line with analysts' expectations and up from 13.0 million pounds made in the same period last year.
SuperGroup said total sales of its trademark T-shirts, hooded tops, check shirts and jogging bottoms rose 16.2 percent to 158.2 million pounds, as the firm started to benefit from strengthened and broader product ranges as well as systems and operational improvements.
In the first six weeks of the second half the group has performed broadly in line with internal expectations and generated positive like-for-like retail sales, it said." Reuters
goldfinger
- 12 Dec 2012 07:49
- 99 of 226
UPDATE 1-SuperGroup on recovery path with profit rise12 Dec 2012 - 07:36
* H1 underlying pretax profit 14.7 mln stg, up 13 pct * H1 total sales 158.2 mln stg, up 16.2 mln stg * Gross margin up 90 basis points * 1st 6 weeks of H2 trading broadly in line with internal hopes * Confident will make full-year profit target (Adds detail) LONDON, Dec 12 (Reuters) - SuperGroup , the British company behind the Superdry fashion brand, posted a 13 percent rise in first-half profit, helping to rebuild management credibility after a string of profit warnings in the previous year. The group, whose celebrity fans include royal favourite Pippa Middleton and singer Ed Sheeran, said on Wednesday it made an underlying pretax profit of 14.7 million pounds ($23.7 million) in the six months to Oct. 28. That was in line with analysts' expectations and up from 13.0 million pounds made in the same period last year. SuperGroup said total sales of its trademark T-shirts, hooded tops, check shirts and jogging bottoms rose 16.2 percent to 158.2 million pounds, as the firm started to benefit from strengthened and broader product ranges as well as systems and operational improvements. Gross margin rose 90 basis points, reflecting falling cotton prices and improved supplier terms. Sales at UK stores open over a year were up 3.9 percent, while group wholesale sales increased 7.9 percent on a constant currency basis. In the first six weeks of the second half the group has performed broadly in line with internal expectations and generated positive like-for-like retail sales, it said. “The economic outlook remains uncertain but I am confident in our strategy and our ability to maximise the opportunities we have in the UK and internationally and deliver our full year profit targets," said Chief Executive Julian Dunkerton. With Britain facing the prospect of a triple-dip recession, many retailers have been finding the going tough as consumers fret over job security and a squeeze on incomes. SuperGroup has not been immune to the economic downturn. SuperGroup shares have had a roller-coaster ride since their stock market debut in 2010. After listing at 500 pence the shares rocketed to a high of 1,899 pence in early 2011. But three profit warnings and a litany of management mistakes, including stock availability issues, the botched implementation of a warehouse IT system and “arithmetic errors", led to a dramatic reverse before a partial recovery since the summer. The stock closed Tuesday at 597 pence, valuing the business at 479 million pounds. ($1 = 0.6210 British pounds) (Reporting by James Davey; editing by Rhys Jones) ((james.davey@thomsonreuters.com)(+44 20 7542 7674)(Reuters Messaging: james.davey.thomsonreuters.com@reuters.net)) Keywords: SUPERGROUP RESULTS
dreamcatcher
- 12 Dec 2012 10:05
- 100 of 226
SuperGroup share slide perplexes brokers
9:39 am by John Harrington "The economic outlook remains uncertain but I am confident in our strategy and our ability to maximise the opportunities we have in the UK and internationally and deliver our full year profit targets," said Julian Dunkerton, SuperGroup's CEO
Shares in SuperGroup (LON:SGP) were at half-mast in early trading following the fashion firm’s interim results, much to the bafflement of some investment analysts.
Well regarded retail analyst Nick Bubb notes that, having already released half-year sales figures last month, there was no real room for surprises with today’s interims.
“Most interest was in the current trading update, and this is reassuring, with Retail LFL [like-for-like] sales said to be still positive, despite tougher comparatives, and CEO Julian Dunkerton is confident about the full-year outlook. There is no indication, however, of how much help the cold weather has been or how much the figures are boosted by Online sales,” Bubb observed.
Peel Hunt, meanwhile, is making no change to its earnings estimates and is sticking with its ‘hold’ rating.
Panmure Gordon is positively upbeat about the shares and has reiterated its ‘buy’ recommendation. It says the numbers are better than expected, with underlying pre-tax profit of £14.7mln, versus consensus expectations of £14.3mln. Having said that, Panmure Gordon had forecast interim pre-tax profit would be £15.1mln.
Retail operating profit, at £7.1mln, is less than the £11.9mln Panmure Gordon expected, due to clearance activity (partly mitigated by input cost improvements) and warehousing costs. The underlying operating margin decline here is two percentage points, the broker notes.
Some have speculated that the lack of an interim dividend might have been the cause of this morning’s share price fall – the market is expecting a maiden full-year dividend of 4.36p – but Panmure Gordon said the lack of a divi was expected.
“If there is a fly in the ointment, it is the fact that distribution costs continue to be a problem in the retail division – the company expects this to take a year or so to resolve. However, international expansion is well ahead of plan, at 45 new stores vs. full year target of 30(!),” Panmure Gordon notes.
Selling, general and administrative expenses rose to £79.5mln from £57.1mln at the halfway point last year.
Shares were down 47p (7.9%) to 549.6p in the first two hours of trading.
goldfinger
- 12 Dec 2012 10:52
- 101 of 226
Broker Seymour Pierce says BUY SuperGroup (SGP LN) with a 750p price target. Says the interim results to end Oct were in line with market expectations. Results are starting to benefit from a visible strengthening and broadening of the ranges, particularly in denim, knitwear and outerwear. In view of the business opportunities and greater confidence in the existing management structure and strength of balance sheet – the company could have net cash of £40m by April 2013 - believes the stock is undervalued.
dreamcatcher
- 12 Dec 2012 10:58
- 102 of 226
Just wondering if these brokers have to higher expectations ? There has what I think been some brilliant sets of results out in the past few weeks and the company's are not putting on 1% rise in the sp on the day. Strange times we are in.
goldfinger
- 12 Dec 2012 15:33
- 103 of 226
SuperGroup Plc (SGP)03:52 ET Dec 12, 2012Chief Pulse Comment by Julian Dunkerton
SuperGroup chief executive Julian Dunkerton said: "Although the trading environment has remained challenging and volatile, the group's sales performance in the first half of the year has been encouraging.". more
However, this performance was flattered by soft sales in the previous year, when the company was hit by problems with new warehouse management systems. SuperGroup chief executive Julian Dunkerton said: "Although the trading environment has remained challenging and volatile, the group's sales performance in the first half of the year has been encouraging.". He added: "The economic outlook remains uncertain but I am confident in our strategy and our ability to maximise the opportunities we have in the UK and internationally and deliver our full year profit targets.". The company said group revenues were up 16% to £158.2 million in the period as it opened three new stores and closed one store in the UK and Ireland
goldfinger
- 12 Dec 2012 15:41
- 104 of 226
goldfinger
- 12 Dec 2012 15:45
- 105 of 226
goldfinger
- 12 Dec 2012 16:21
- 106 of 226
halifax
- 12 Dec 2012 16:35
- 107 of 226
SP down 10% market not convinced?
goldfinger
- 13 Dec 2012 02:36
- 108 of 226
SuperGroup boss defends fashion retailer after shares tumble
By Graham Ruddick | Telegraph – 6 hours ago
The co-founder and chief executive of SuperGroup (Xetra: A1CT6Y - news) has defended the fashion retailer after its shares slumped 7pc on the back of a fall in profits.
Julian Dunkerton, whose company has had a tempestuous relationship with the City, said there had been a “misunderstanding” about the decline in profits and it had “literally nothing to do with actual trading”.
SuperGroup, which owns the Superdry brand, reported a 31.5pc decline in half-year pre-tax profits to £13.9m after exceptional items.
However, Mr Dunkerton said the performance was “encouraging” with like-for-likes sales up 3.9pc in the 26 weeks to October 28. “It was very necessary for us to give a solid performance,” he said.
The fall in profits was driven by a change in the deferred consideration value of SuperGroup’s European division, which it bought in 2010, because of movement in the retailer’s share price.
In the same period last year SuperGroup reduced its liabilities to the division by £6.1m after its share price fell almost two-thirds. However, SuperGroup shares have risen 10pc this year, and more than doubled since June, meaning it booked a £2.1m charge for re-increasing the liabilities.
Before exceptional charges, SuperGroup, renowned for its trademark T-shirts, hooded tops and checked shirts, said that pre-tax profits rose 13pc to £14.7pc.
However, analysts still questioned the company’s pace of growth. Sanjay Vidyarthi, at Espirito Santo, said: “Overall, while the business has stabilised, our view remains that consensus expectations of circa £50m profit before tax are too high as the cost of growth becomes apparent.”
SuperGroup floated in 2010 at £5 per share and soared to almost £18 within a year.
However, its shares then slumped after three profit warnings, provoked by troubles with a warehouse IT system, accounting errors and stock availability issues. Since then, SuperGroup’s board has been overhauled, with Susanne Given joining from John Lewis as chief operating officer.
SuperGroup shares fell 39½ to 557p.
..
goldfinger
- 13 Dec 2012 02:37
- 109 of 226
The fall in profits was driven by a change in the deferred consideration value of SuperGroup’s European division, which it bought in 2010, because of movement in the retailer’s share price.
In the same period last year SuperGroup reduced its liabilities to the division by £6.1m after its share price fell almost two-thirds. However, SuperGroup shares have risen 10pc this year, and more than doubled since June, meaning it booked a £2.1m charge for re-increasing the liabilities.
Before exceptional charges, SuperGroup, renowned for its trademark T-shirts, hooded tops and checked shirts, said that pre-tax profits rose 13pc to £14.7pc.
goldfinger
- 13 Dec 2012 10:12
- 110 of 226
13 Dec SuperGroup PLC SGP Panmure Gordon Buy 560.00 557.00 750.00 750.00 Reiterates
750 SP Target.
tomasz
- 13 Dec 2012 10:15
- 111 of 226
been watching sgp for fun as some of so called gurus like cynic praised it as a better place to make money then with my asos..I stoped paying attention to this one since cockups started.. but 3.9% growth..? bloody hell...seems like dying...
goldfinger
- 13 Dec 2012 16:46
- 112 of 226
Spoke too soon matey.
goldfinger
- 13 Dec 2012 16:47
- 113 of 226
Yep most of yesterdays loses
on a TECHNICALITY now gained back again.
Expecting shorters to close out adding
to xmas bounce momentum.
Lets fry them lads.
dreamcatcher
- 13 Dec 2012 16:54
- 114 of 226
Well done
goldfinger
- 14 Dec 2012 08:39
- 115 of 226
SGP SUPER GROUP PLC
Stocks with a positive stance on SGP and SP Targets.
Date Company Name Broker Rec. Price Old target price New target price Notes
14 Dec SuperGroup PLC Seymour Pierce Buy 584.50 750.00 - Reiterates
13 Dec SuperGroup PLC Panmure Gordon Buy 584.50 750.00 750.00 Reiterates
12 Dec SuperGroup PLC Peel Hunt Hold 584.50 650.00 - Retains
12 Dec SuperGroup PLC Oriel Securities Hold 584.50 600.00 600.00 Retains
09 Nov SuperGroup PLC HB Markets Buy 584.50 - - Initiates/Starts
08 Nov SuperGroup PLC N+1 Singer Hold 584.50 655.00 655.00 Reiterates
08 Nov SuperGroup PLC Canaccord Genuity Buy 584.50 850 Reiterates
N @ P Building Society.
goldfinger
- 14 Dec 2012 09:11
- 116 of 226
SuperGroup Plc (SGP)07:43 ET Dec 13, 2012Chief Pulse Comment by Julian Dunkerton
Dunkerton said: "Christmas is on track and I'm feeling pretty good. more
__BREAK1__ Chief executive Julian Dunkerton has had a gaffe free few months after strengthening his team and parting company with former business partner Theo Karpathios. Dunkerton said: "Christmas is on track and I'm feeling pretty good. There are things in the past, blunders, and I feel this is a reiteration of our solidity now..
goldfinger
- 18 Dec 2012 16:10
- 117 of 226
SGP Supergroup.
Call it self fullfiling etc etc,
but this one SGP looks from a TA and
fibbonaci pov that 700p could be lined
up and pretty sharpish.
cynic
- 18 Dec 2012 16:31
- 118 of 226
hi sticky .... a good spot .... however, my great misgiving with SGP is that it is very illiquid
goldfinger
- 18 Dec 2012 16:48
- 119 of 226
Hi cyners yes your right but at xmas surely on low volumes we have the advantage???
cynic
- 18 Dec 2012 17:52
- 120 of 226
possibly, but be prepared to duck n dive at short notice ..... meanwhile i've gone (small) short ASC as 2600 seems to be a significant hurdle and, as i have long thought, the rating at 49x 2013 earnings is preposterous
goldfinger
- 19 Dec 2012 10:29
- 121 of 226
Be careful, cyners. Yep know what you mean about the sky high rating and at some time it will be found out just like any bubble , but is it the time now?.
goldfinger
- 19 Dec 2012 10:30
- 122 of 226
Missed this one. Comment from the FT
financial editor........
● FT Comment
After enduring a gaff-prone and profit warning-littered year, SuperGroup has shown signs that it has shed its teenager-like attitude towards the City and become more comfortable within its publicly listed skin. After his mea culpa in August, Mr Dunkerton has wisely surrounded himself with an experienced management team that is better placed to harness the brand’s international growth potential. Trading on a reasonable forward price/earnings multiple of 12, the shares are cheaper then Ted Baker on 20 and Mulberry’s 29. But potential investors must be prepared to see their shares yo-yo – a problem exacerbated by SuperGroup’s meagre 37 per cent free float.
cynic
- 19 Dec 2012 10:32
- 123 of 226
on ASC? ..... we'll see, but it's a modest position and they have certainly challenged 2600 on a number of occasions and failed each time
as for SGP, i have had a good look, but it is preposterously illiquid ..... it also happens to be very margin-greedy which is a secondary consideration ..... anyway, i have decided to leave it alone
cynic
- 19 Dec 2012 10:35
- 124 of 226
draw whatever conclusion you like ..... comparative chart below ....
SGP = blue
ASC = red
NXT = green
goldfinger
- 19 Dec 2012 11:42
- 125 of 226
SGP Underperformed and cheap.
Ill knick that chart cyners cheers.
goldfinger
- 20 Dec 2012 11:35
- 126 of 226
Cyners Robbie Burns tipped SPG yesterday. 650p SP target.
goldfinger
- 18 Jan 2013 10:09
- 127 of 226
18 Jan SuperGroup PLC SGP Seymour Pierce Buy 604.75 604.50 - - Reiterates
goldfinger
- 29 Jan 2013 08:18
- 128 of 226
29 Jan SuperGroup PLC SGP Seymour Pierce Buy 0.00 592.00 - 750.00 Reiterates
Target SP...... 750p.
goldfinger
- 31 Jan 2013 09:51
- 129 of 226
http://www.citywire.co.uk/money/the-expert-view-g4s-william-hill-and-supergroup/a654628?ref=citywire-money-latest-news-list#i=4
SuperGroup shares a 'buy', Seymour Pierce says
Seymour Pierce analyst Freddie George has reiterated his 'buy' recommendation on fashion retailer SuperGroup (SPG.L) ahead of next week's third-quarter update.
George is expecting retail sales to increase by 17.5%, with like-for-like sales up by 1%, which is down from the first-half level of +26.7%.
'This is mainly due to a slowdown in store openings, seven (circa 9% increase in space) in the last 12 months compared with 19 in 2012 (40% increase in space),' he said. 'In Wholesale, where there is greater visibility on the outlook, we forecast sales growth of 5%, similar to the first-half trend but expect a significant pick up in the fourth quarter in view of the strong order book.'
George is sticking with his 2013 pre-tax profit forecast of £52 million, and he said the shares look cheap. 'In view of the business opportunities, greater confidence in the existing management structure and strength of balance sheet – the company could have net cash of over £50m by April 2013 - we believe the stock is undervalued.'
Seymour Pierce is a market maker for SuperGroup, and Freddie George owns shares in the company.
goldfinger
- 07 Feb 2013 16:23
- 130 of 226
Corker of a day here aswel. Wonder if cyners has mised out here aswel ?.
VNET the next biggy with SPD cyners.
LOADS ERR MONEY sticky.
goldfinger
- 03 May 2013 11:10
- 131 of 226
Long SGP....trading statement 9th of May. Just gone through 700p. 900p SP target ist up.
goldfinger
- 21 Jun 2013 08:43
- 132 of 226
Bought a few. SP should hopefully go
on now and hit the trend channel ceiling.
Lower indicators positive.
Quite a good trade set up.
goldfinger
- 21 Jun 2013 10:21
- 133 of 226
Broker Buys list......
Looks Very Positive.
Date Company Name Broker Rec. Price Old target price New target price Notes
11 Jun 13 SuperGroup PLC Canaccord Genuity Buy 717.75 1,000.00 1,000.00 Reiterates
28 May 13 SuperGroup PLC Bank of America Merrill Lynch Buy 717.75 800.00 900.00 Reiterates
09 May 13 SuperGroup PLC Cantor Fitzgerald Buy 717.75 820.00 820.00 Reiterates
09 May 13 SuperGroup PLC N+1 Singer Hold 717.75 - 715.00 Reiterates
09 May 13 SuperGroup PLC Investec Buy 717.75 843.00 843.00 Reiterates
01 May 13 SuperGroup PLC Oriel Securities Buy 717.75 840.00 840.00 Retains
N@P Building Society
cynic
- 21 Jun 2013 10:31
- 134 of 226
the major prob with sgp is that the market is very thin ..... not sure what the spread is, but i suspect (generally) pretty wide
goldfinger
- 21 Jun 2013 10:43
- 135 of 226
0.20% Cyners.
Ive always found it reasonable but agree market can be thin.
Update in about 3 and a bit weeks.
Back home now?.
cynic
- 21 Jun 2013 10:54
- 136 of 226
emirates biz lounge dubai ...... bit weedy as have the customary m/e chest infection from dust and a/c
unless an emergency or great excitment, prob not back here again until late november
goldfinger
- 21 Jun 2013 10:58
- 137 of 226
Get some bought you know you want to.
goldfinger
- 10 Jul 2013 15:34
- 138 of 226
Update tomorrow, is it worth topping up? anyone?.
Skinny you around?.
Been some good retail results very recently.
cynic
- 10 Jul 2013 16:05
- 139 of 226
this share has certainly had its moments, but my usual caveat here remains ...... be careful; it's very illiquid
goldfinger
- 10 Jul 2013 16:28
- 140 of 226
hmmmmm yes your right.
skinny
- 10 Jul 2013 16:32
- 141 of 226
Never traded these (I don't think) although I seem to remember trying to short them once.
I tend to get shares like these very, very wrong - I'd rather trade the Nikkei after a Friday night out!
goldfinger
- 10 Jul 2013 16:46
- 142 of 226
Blimey that bad, LOL.
cynic
- 10 Jul 2013 16:56
- 143 of 226
on fundamentals, i'ld guess that NXT is much better than either ASC or SGP
cynic
- 10 Jul 2013 16:59
- 144 of 226
a comparative chart below ..... make of it what you will
SGP = blue
ASC = red
NXT = green
dreamcatcher
- 10 Jul 2013 19:00
- 145 of 226
Explosive growth is something that Supergroup has delivered in spades, though it has led to some extensive growing pains for the owner of the almost ubiquitous Superdry brand.
"Supergroup will deliver strong earnings growth at the Prelims on Thursday: we are top of the range with our profit before tax forecast of £53m. The new management team has started the company on a road towards a much more sustainable growth profile, and with the autumn/winter ranges likely to impress, we stick with a BUY," said Oriel Securities.
Panmure Gordon is also a fan and recently raised its price target on the stock to 898p from 836p previously. It forecasts profit before tax of £51.4mln. The range of broker forecasts extends from £49.5mln to £53mln.
http://www.proactiveinvestors.co.uk/companies/market_reports/58869/thursdays-agenda-supergroup-to-deliver-super-growth-58869.html
cynic
- 11 Jul 2013 07:32
- 146 of 226
FY adjusted pretax 52.2 million STG (Thomson Reuters I/B/E/S 51.2 million STG) * Pleased by the performance of 2013 ranges and the early reaction to 2014 product * Remain confident in the prospects for the group * FY group revenue 360.4 million STG, +14.9% * Underlying operating profit margin 14.4% +80 bps
==================
so at the top end of expectations by rhe looks of it
goldfinger
- 11 Jul 2013 08:03
- 147 of 226
Very pleased with results.
Good timing.
goldfinger
- 11 Jul 2013 08:04
- 148 of 226
BRIEF-Supergroup year pretax rises 22 percent11 Jul 2013 - 07:13
LONDON, July 11 (Reuters) - SuperGroup PLC : * FY adjusted pretax 52.2 million STG (Thomson Reuters I/B/E/S 51.2 million STG) * Pleased by the performance of 2013 ranges and the early reaction to 2014 product * Remain confident in the prospects for the group * FY group revenue 360.4 million STG, +14.9% * Underlying operating profit margin 14.4% +80 bps ((London Equities Newsroom; +44 20 7542 7717)) ((For more news, please click here [SGP.L]))
goldfinger
- 11 Jul 2013 08:05
- 149 of 226
RESEARCH ALERT-SuperGroup: Investec raises target price11 Jul 2013 - 07:17
July 11 (Reuters) - SuperGroup PLC : * Investec raises target price to 893p from 878p; rating buy For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on [RCH/EUROPE] Reuters 3000Xtra users, double-click [RCH/EUROPE] Reuters Station users, click .1580 ((nyc.equities.newsroom@reuters.com); (Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net) ((Bangalore Newsroom +91 80 6749 1130; within U.S. +1 646 223 8780))
goldfinger
- 11 Jul 2013 08:06
- 150 of 226
SuperDry brand-owner confident on new ranges as profit rises11 Jul 2013 - 07:44
LONDON, July 11 (Reuters) - SuperGroup , the company behind fashion brand Superdry, posted a 22 percent rise in annual profit on Thursday and said the reception for its new ranges, in particular in womenswear, underlined its confidence. The British company, which competes with brands such as Abercrombie & Fitch and Jack Wills in casual clothing like hooded sweatshirts, posted adjusted pretax profit of 52.2 million pounds ($78 million), just beating average market expectations. Chief Executive Julian Dunkerton said he was pleased by the performance of its 2013 ranges and the early reaction to its 2014 products and remained confident in the prospects for the group. As previously flagged, revenue for the year to April 28 rose 14.9 percent to 360.4 million pounds, with like-for-like retail growth - at stores open at least a year - of 5.7 percent. Analysts were expecting the group to report underlying pretax profit of 51.2 million pounds, according to a Thomson Reuters poll of 10 brokers. ($1 = 0.6691 British pounds) (Reporting by Paul Sandle; Editing by David Holmes) ((paul.sandle@thomsonreuters.com)(+44 20 7542 6843)(Reuters Messaging: paul.sandle.thomsonreuters.com@reuters.net)) Keywords: SUPERGROUP RESULTS/OUTLOOK
skinny
- 11 Jul 2013 08:07
- 151 of 226
N+1 Singer Hold 812.50 715.00 715.00 Reiterates
Canaccord Genuity Buy 812.50 1,000.00 1,100.00 Reiterates
cynic
- 11 Jul 2013 08:50
- 153 of 226
i think you're being a bit over-enthusiastic ...... sp is already well off its earlier high
goldfinger
- 11 Jul 2013 08:54
- 154 of 226
Cynic no problem, SP will go higher with broker upgrades throughout the day. Fingers crossed.
ohh just one coming up now on my screen, no 2 new ones. NICE.
goldfinger
- 11 Jul 2013 08:54
- 155 of 226
RESEARCH ALERT-Supergroup : Panmure raises price target11 Jul 2013 - 08:23
July 11 (Reuters) - SuperGroup PLC : * Panmure raises price target to 934p from 898p; rating buy For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on RCH/EUROPE Reuters 3000Xtra users, double-click RCH/EUROPE Reuters Station users, click .1580 ((nyc.equities.newsroom@reuters.com); (Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net) ((Bangalore Newsroom +91 80 6749 1130; within U.S. +1 646 223 8780))
goldfinger
- 11 Jul 2013 08:55
- 156 of 226
RESEARCH ALERT-Supergroup: Cantor raises target price11 Jul 2013 - 08:45
July 11 (Reuters) - SuperGroup PLC : * Cantor raises target price to 1000p from 900p; rating buy For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on [RCH/EUROPE] Reuters 3000Xtra users, double-click [RCH/EUROPE] Reuters Station users, click .1580 ((nyc.equities.newsroom@reuters.com); (Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net) ((Bangalore Newsroom +91 80 4135 5800; within U.S. +1 646 223 8780))
goldfinger
- 11 Jul 2013 08:58
- 157 of 226
Need to get in quick Cyners this is the next ASC,
In technology think XAR could also continue to rise and rise and rise.
goldfinger
- 11 Jul 2013 09:00
- 158 of 226
Yep moving up again.
cynic
- 11 Jul 2013 09:05
- 159 of 226
ASC is a totally different kettle of fish - and also a company that i happen not to like ...... i would hold NXT, but it really is a bit hefty
==============
have thought about it and decided against as i don't think the amount i'ld be prepared to wager is likely to produce anything like the profit to warrant the risk
goldfinger
- 11 Jul 2013 09:19
- 160 of 226
Well your loss. Its Europe that the big thing with SGP and their online offering.
goldfinger
- 11 Jul 2013 11:56
- 161 of 226
Another broker upgrade, non stop in coming........
RESEARCH ALERT-Supergroup: Canaccord Genuity raises price target11 Jul 2013 - 09:36
July 11 (Reuters) - SuperGroup PLC : * Canaccord Genuity raises price target to 1100p from 1000p; rating buy For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on [RCH/EUROPE] Reuters 3000Xtra users, double-click [RCH/EUROPE] Reuters Station users, click .1580 ((nyc.equities.newsroom@reuters.com); (Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net) ((Bangalore Newsroom +91 80 6749 1130; within U.S. +1 646 223 8780))
cynic
- 11 Jul 2013 13:50
- 162 of 226
sticky - the pride of uk retailing probably belongs to NXT, so check them thoroughly - and no, i don't hold them either
goldfinger
- 11 Jul 2013 14:05
- 163 of 226
Will do Cynic cheers.
goldfinger
- 11 Jul 2013 14:05
- 164 of 226
UPDATE 1-Superdry owner plans big jeans push as profit rises11 Jul 2013 - 12:58
* Pre-tax profit up 22 pct, just beats market expectations * Says very confident on appeal of new ranges * Shares up 5 pct to a 21-month high (Adds CEO comments, analyst reaction, shares) By Paul Sandle LONDON, July 11 (Reuters) - SuperGroup , the British company behind fashion brand Superdry, said new womenswear and a bigger range of jeans would drive sales after it posted a 22 percent rise in annual profit. The growth comes against a tough backdrop for consumer spending in Britain, where many retailers have struggled as consumers worry about job security and squeezed incomes. SuperGroup's performance and that of AB Foods' Primark, which reported continued strong trading on Thursday [ID:nL6N0FH0K0], supports recent British retail data showing a steady rise in sales. Another study suggested that consumer morale had reached a two-year high. [ID:nL5N0F322C] [ID:nL9N0CP05D] [ID:nL6N0FE3J0] SuperGroup had suffered a litany of management mistakes, including stock availability problems in the previous year. SuperGroup Chief Executive Julian Dunkerton said the profit rise marked a return to form, and was driven by improved management and by having a bigger range of suppliers. The company, which competes with brands such as Abercrombie & Fitch and Jack Wills in casual clothing like hooded sweatshirts, posted adjusted pre-tax profit of 52.2 million pounds ($78 million) for the year to April 28, just beating average market expectations. Shares in the group rose as much as 5.6 percent to 854.5 pence on Thursday morning, the highest level since October 2011. They were trading up 2.5 percent, at 829 pence, at 1251 GMT. "The outlook, because we look forward in terms of how the product is received in wholesale, is incredibly positive," Dunkerton said. He said the group had made progress in womenswear, including dresses and tailored clothes, and the next big focus would be the jeans market for both men and women. BETTER IN DENIM "We feel and we know we could be better in denim," he said. "The next 12 months is an absolute push in becoming a world-class denim brand as well." As previously flagged, revenue for the year rose 14.9 percent to 360.4 million pounds, with like-for-like retail growth - at stores open at least a year - of 5.7 percent. Dunkerton said there had been a "very encouraging" start to the year, and the arrival of hot weather in Britain this month had boosted sales of shorts, T-shirts and flip-flops. The group, which has 113 standalone stores in Europe - 85 in Britain and Ireland, including a flagship outlet on London's Regent Street - plans to open 80,000 to 100,000 square feet of new space this year. Dunkerton said around 30 percent of the new space would be outside Britain and Ireland - including new stores in Hamburg, Barcelona and a flagship large format outlet Munich - and the percentage would increase further in future. "(This) marks the end to a transitional year which has seen the group move from firefighting to stability and now moving forward to controlled global expansion," Peel Hunt analyst John Stevenson said in a note. Analysts were expecting the group to report underlying pre tax profit of 51.2 million pounds, according to a Thomson Reuters poll of 10 brokers. ($1 = 0.6691 British pounds) (Editing by Pravin Char) ((paul.sandle@thomsonreuters.com)(+44 20 7542 6843)(Reuters Messaging: paul.sandle.thomsonreuters.com@reuters.net)) Keywords: SUPERGROUP RESULTS/OUTLOOK
goldfinger
- 11 Jul 2013 14:29
- 165 of 226
Moving higher Cyners. Get in now before it gets away.
cynic
- 11 Jul 2013 14:44
- 166 of 226
hardly! ... but anyway, i am satisfied that this is not one for me to jump into
goldfinger
- 11 Jul 2013 16:13
- 167 of 226
Supergroup performance "represents a return to form"
By Darshini Shah | Thu, 11th July 2013 - 11:28
Supergroup (SGP) added 5% on Thursday as the clothing retailer unveiled full-year results that beat market expectations.
Expressing confidence that there were "significant opportunities for growth across all channels and geographies", Supergroup chief executive Julian Dunkerton boasted that the "financial performance for the year represents a return to form for the group".
For the 52 weeks ended 28 April, Supergroup reported a retail operating profit of £46.2 million, compared to £38 million made in 2012. In the wholesale division, operating profit came in at £35.6 million versus £31.4 million in 2012. Group EBIT jumped 21.5% to £51.9 million.
Underlying pre-tax profit of £52.2 million was higher than consensus expectations of £51.3 million, with the beat attributed to stronger-than-expected gross margins of 130 basis points.
"The guidance at [the fourth quarter] was towards the top of the 50-75 basis points range, so 130 basis points is a very nice surprise, and more than offsets higher-than-expected central costs," stated Jean Roche, analyst at Panmure Gordon.
Looking ahead, guidance is for flat gross margins and space growth of between 80,000 and 100,000 square feet, of which 70% is likely to be in the UK, with the balance in Europe. "Over three years, the new space will naturally move towards being more European weighted, which is what we heard at the analyst teach in of early June," commented Roche.
Capital expenditure was expected to come at around £30 million in 2014, with management guiding to c. 50 franchised stores over the next year.
Analyst views
Roche predicted that 2014 forecasts were likely to be upgraded to the tune of 3-5% on the back of Thursday's results due to "positive comments on current trading, success in buying out the first of a number of local distributors and strong online sales growth".
She also pointed out that the stock was trading on a 2014 price/earnings (P/E) ratio of between 13.5 and 14 times, a discount to the UK General Retail peers, which were trading on an average ratio of between 16 and 17 times.
Roche concluded: "With a PEG (P/E to growth) ratio below one times, we remain buyers of Supergroup shares and raise our target price to 934p from 898p."
Bethany Hocking, an analyst at Investec, also reiterated her 'buy' recommendation, with her positive stance predominantly driven by the international expansion, which she believes "should be taken well".
goldfinger
- 11 Jul 2013 16:26
- 168 of 226
Peach of a day.
cynic
- 11 Jul 2013 17:15
- 169 of 226
as you were already a holder, then certainly not a bad one, but like i said, i am far from convinced that sp is heading back to the stars from whence it fell a couple of years back - which is why i did not sup
goldfinger
- 11 Jul 2013 22:33
- 170 of 226
Expecting another cracking day tomorrow.
Newspapers should be full of the record news.
goldfinger
- 12 Jul 2013 09:15
- 171 of 226
Strong store growth and success with womenswear help push sales up 15% at Supergroup PLC (LON:SPG).
SuperGroup (LSE: SGP) reported strong 15% growth in sales for its fiscal 2013, while underlying profits (ignoring non-cash and non-operating gains and losses) were up 25%.
Same store sales (sales at stores open for at least a year so meaningful comparisons can be made) were up 5.7% and the group opened 10 owned stores and 53 franchised stores during the year -- with the franchises mainly in Asia and the Middle East.
Sales were helped by the success of the growing women's lineup and the translation of the online store into 10 new local language sites. Online sales grew 28% and now make up over 11% of total sales.
The company's rapid growth in recent years led to some growing pains in fiscal 2012 when inventory issues resulted in lost sales and some management blunders resulted in a shake-up at the top -- and a dramatic drop in the share price.
SuperGroup has continued to invest in its management team -- bringing in General Counsel and a Financial Controller, Directors of IT and HR, a Managing Director for the International and Wholesale operations, as well as Heads of Logistics, UK/Ireland Retail and Women's Design.
SuperGroup also signed an agreement with a logistics partner to help handle the company's warehouse and distribution operations which will become even more important as the online store is rolled out to more than 16 countries and all the orders will be fulfilled from here in the UK.
Trading on a P/E of 19, the shares may appear a bit pricey, but last year's growth -- as well as management's investment in future growth -- would seem to justify a premium. With the shares well down from their ridiculous highs of early 2011 and plenty of positive signs and seemingly lots of room to grow, the shares might be worth a look for those growth-inclined investors out there.
And if you are a growth-inclined investor you'll want to check out The Motley Fool's favourite growth share for 2013.
http://www.fool.co.uk/news/investing/company-comment/2013/07/11/profits-up-25-at-supergroup-plc.aspx
goldfinger
- 16 Jul 2013 14:52
- 172 of 226
Up again on a poor day.
Bet cynic is kicking himself.
£18 grand in profit now. Wish id put more on. Drat.
cynic
- 16 Jul 2013 15:30
- 173 of 226
don't talk rubbish sticky ..... i am not even remotely upset any more than i remotely believe you are £18k to the good here
goldfinger
- 16 Jul 2013 16:50
- 174 of 226
Your just jealous.
LOADS ERR MONEY.
thrupppppp
cynic
- 16 Jul 2013 17:19
- 175 of 226
in your dreams pal :-)
goldfinger
- 17 Jul 2013 09:08
- 176 of 226
"Here we go again happy as can be lots of lovely doe for happy me.....tra lal la la".
Whats that 6 days up on the trot.
ohhh dear cyners, when will you learn.
cynic
- 17 Jul 2013 09:15
- 177 of 226
don't be so arrogant young man! ..... funny old thing hindsight, isn't it :-)
and if i were to be mug enough to jump in now, you know that'ld demolish your profit in very short order :-)
goldfinger
- 17 Jul 2013 16:45
- 178 of 226
£10 a share now lubbly jubbly.
cynic
- 17 Jul 2013 17:21
- 179 of 226
quite right, and well done ..... just don't forget to bank prudently!
goldfinger
- 17 Jul 2013 19:24
- 180 of 226
Only time I use a stop is a following or a tight stop on trying to get on board a winning trade.
Never use stops as they are supposed to be used.
For me they were made for MMs to make money out of mugs.
goldfinger
- 17 Jul 2013 22:19
- 181 of 226
Lovely chart here just look at the incline.
goldfinger
- 18 Jul 2013 09:25
- 182 of 226
goldfinger
- 18 Jul 2013 09:42
- 183 of 226
Goes from strength to strength.
skinny
- 05 Sep 2013 13:21
- 184 of 226
Investec Buy 1,228.00 1,159.00 893.00 1,300.00 Reiterates
Canaccord Genuity Buy 1,228.00 1,159.00 1,100.00 1,500.00 Reiterates
Numis Hold 1,228.00 1,159.00 - 1,100.00 Retains
N+1 Singer Hold 1,228.00 1,159.00 - 1,000.00 Reiterates
cynic
- 22 Oct 2013 10:51
- 185 of 226
thanks sticky
yes i did this morning, arguably a little high but already in the money
goldfinger
- 22 Oct 2013 11:02
- 186 of 226
Same here +16 already........ very nice.
Them broker figures look good aswel. Might need updating just seen skinnys post date.
Tip sheet SCSW as a £15 short term sp target. Ill print it out later today what they have to say.
Very pleased with this on a shity day.
goldfinger
- 22 Oct 2013 11:13
- 187 of 226
Yep brokers have updated. Ill post it later when on PC on lap top at moment and for some reason it copys verticaly rather than horizontaly.
goldfinger
- 22 Oct 2013 15:09
- 188 of 226
Broker Ratings Updated.
Date Company Name Broker Rec. Price Old target price New target price Notes
21 Oct 13 SuperGroup PLC Canaccord Genuity Buy 1,154.50 1,500.00 1,500.00 Reiterates
17 Oct 13 SuperGroup PLC N+1 Singer Hold 1,154.50 - 1,175.00 Retains
23 Sep 13 SuperGroup PLC Bank of America Merrill Lynch Neutral 1,154.50 - 1,400.00 Reiterates
05 Sep 13 SuperGroup PLC Cantor Fitzgerald Buy 1,154.50 1,300.00 1,400.00 Reiterates
05 Sep 13 SuperGroup PLC Investec Buy 1,154.50 893.00 1,300.00 Reiterates
cynic
- 22 Oct 2013 15:26
- 189 of 226
alright innit :-)
goldfinger
- 22 Oct 2013 15:51
- 190 of 226
Taken from ample....
Supergroup - Strong Autumn/Winter range bodes well for Q3
1176p Epic code: SGP
(Sharewatch) The shares touched £12 following a superb Q1 showing both retail and wholesale nicely ahead.
Overall Q1 sales are up 26% to £75m year-on-year with retail sales up 17% (+8.5% like-for-like) whilst wholesale is “significantly ahead of expectations,” rising by 50.8% over Q1 2012. As we foreshadowed in our recent write up, the best indication of headlong growth is that the Autumn/Winter 2013 wholesale order book is up 26% - and the ranges are in store 2/3 weeks earlier than last year so a bumper Q3 is in sight.
The shares look set for an assault on £15 in due course. Keep buying.
goldfinger
- 23 Oct 2013 10:44
- 191 of 226
Moving up nicely. £15 here we come.
goldfinger
- 24 Oct 2013 09:24
- 192 of 226
SuperGroup Receives “Buy” Rating from Canaccord Genuity (SGP)
Posted by John Perry on Oct 21st, 2013 // No Comments
SuperGroup (LON:SGP)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,500 ($24.26) price target on the stock. Canaccord Genuity’s target price indicates a potential upside of 40.32% from the stock’s previous close
goldfinger
- 24 Oct 2013 09:38
- 193 of 226
CANNACORD BUY
Supergroup
We feel this is overdone and offers a strong buying opportunity ahead of the groups Q2 trading update on 7 Nov.
Firstly the group is materially out performing its broad fashion & apparel peer group on a LFL sales growth and wholesale order book basis. Despite this current run-rate of premium growth, FY 2013/14 is a year of investment and the group should see the benefits from its new distribution centre, enhanced design functions and improved online/omni-channel, next year. We expect the next trading update to be positive and highlight a continuation from the Q1 with wholesale order book growth of +26% and LFL sales +8.5%. We feel this provides confidence for >20% in wholesale growth in H1 2013/14 and sustainable LFL sales growth of mid-single digits. The recent interims from Ted Baker, should also point to market share gains from well invested strong brands.
Impact on the Canaccord Genuity view
We see multiple drivers that should combine to offer premium growth over the next few years. We feel the improving sales mix with womanswear growing as a % of the total, continued improvements in retail disciplines and the enhancements made to the senior and operational management teams will begin to deliver improvements. This should support confidence that using the company’s growing cash pile to buy in franchisees will not only provide the foundations to accelerate an owned store presence in Europe but in turn maximise the opportunity to deliver long term shareholder value. The acquisition of the German partner is a key catalyst to this (we could get good news at the Q2 stage) and International sales could account for more than 50% of sales by 2015. We see continued double digit growth (>20%) from online and that does not provide for additional country specific websites (there are already 16), improvements made to its delivery offer and the forthcoming trial in China.
Buy ahead of the next trading update
goldfinger
- 24 Oct 2013 14:36
- 194 of 226
Broker note out.......
2013 SuperGroup PLC SGP Investec Buy 1,188.50 1,186.00 1,300.00 1,300.00 Reiterates
SP TARGET 1300p
goldfinger
- 06 Nov 2013 14:47
- 195 of 226
Update tomorrow thurs 7th Nov.
skinny
- 07 Nov 2013 07:09
- 196 of 226
Q2 Trading Update
SuperGroup Plc ("SuperGroup" or "the Group") today provides a trading update covering the 13-week period to 27 October 2013 ("the quarter" or "the period") and the 26-week period to 27 October 2013 ("the half year").
Group
Total Group sales for the quarter increased by 18.5% to £116.6m, a strong trading performance that was in line with management expectations. For the half year, total Group sales increased by 21.1% to £191.6m
Retail division
Total Retail sales in the period were £63.5m, an increase of 20.0% on the comparable period3 last year and for the half year were £116.7m, an increase of 18.8%. Like-for-like2 sales for the quarter were up 7.8%, and up 8.1% for the half year.
During the quarter the Group added 33,000 square feet of owned retail space4 taking the total to 573,000 square feet, a year-on-year increase of 17%. In the UK, the Group opened three new stores, and acquired two third-party franchise stores which were incorporated into the owned store estate. In addition two further stores were opened in Europe, one in Belgium and the other a 7,000 square feet store located in the Aeroville out-of-town development north of Paris.
The new warehouse operation in Burton-upon-Trent completed its first stock intake and began despatches at the beginning of October as planned and this project remains on track and on budget.
Wholesale division
Wholesale sales for the period were £53.1m, an increase of 16.7% on the prior year and for the half year were £74.9m, an increase of 24.8%. As noted in the Q1 IMS, reported revenues on a quarter-by-quarter basis are influenced by the timing of dispatches, particularly over the quarter-end. However, the half year revenue growth is in line with the previously published order book guidance.
The portfolio of franchised locations has increased by a further net 19 stores during the quarter, and a net 31 stores in the half year, to 173 stores. 21 franchised stores were opened during the period in: Austria (two), Denmark, France (two), Germany, Italy, India, Indonesia, Macau, Netherlands, Norway, Spain (two), Switzerland (four), Turkey (two) and UAE, whilst two franchised stores in Newcastle were acquired and included in the owned estate.
Germany agency acquisition
On 31 October 2013 a deal to take control of the agency operation in Germany was completed. The Group acquired seven stores and the rights to the German market for a consideration5 of £3.5 million of which £0.7 million will be settled in shares. This acquisition will allow the Group to benefit from improved Wholesale margins, accelerate the roll-out of German stores by investing its own capital, and retain the local operational and management expertise.
Julian Dunkerton, Chief Executive Officer, commented:
"We have delivered another strong trading performance, which has seen good sales growth in both the Retail and Wholesale divisions. At the same time as delivering revenue growth we continue to build the platform to support our strategy and I am pleased to report that the Group remains on track with its infrastructure investments.
"E-commerce sales from Europe and the Rest of the World have now overtaken those from the UK reinforcing our view of the international appeal of the Superdry brand, an important step in delivering our international strategy.
"Our trading performance, the positive customer reaction to new product ranges and the preparation ahead of peak trading, provides me with confidence in our ability to meet market expectations."
goldfinger
- 07 Nov 2013 07:57
- 197 of 226
Fantastic results.
goldfinger
- 07 Nov 2013 08:00
- 198 of 226
07 Nov 2013 SuperGroup PLC SGP Canaccord Genuity Buy 1,206.00 1,206.00 - 1,530.00 Reiterates
SP TARGET 1530p
goldfinger
- 07 Nov 2013 08:05
- 199 of 226
Investec analyst Kate Calvert said on the results: "Another fabulous quarter from SuperGroup, slightly ahead of our expectations, with good momentum in all areas confirming the continuing brand appeal." Through its 173 stores, website, licences and concessions, SuperDry is sold in over 100 countries. After rising by more than 230 percent within 11 months of its IPO in early 2010, shares in SuperGroup came back down to earth in mid 2012, but have risen by 116 percent since the start of the year. They closed at 1,206 pence on Wednesday, valuing the company at 968 million pounds ($1.56 billion). ($1 = 0.6219 British pounds) (Reporting By Joshua Franklin; Editing by David Cowell) ((joshua.franklin@thomsonreuters.com)) Keywords: SUPERGROUP
goldfinger
- 07 Nov 2013 08:08
- 200 of 226
SuperGroup posts rise in sales, says confident of meeting expectations07 Nov 2013 - 08:01
LONDON, Nov 7 (Reuters) - SuperGroup, the British company behind the SuperDry fashion brand, lifted retail sales by 20 percent in the second quarter and said it was confident of meeting market expectations. Retail sales for the 13 weeks to Oct. 27 were 63.5 million pounds ($102.1 million) and wholesale sales rose by 16.7 percent on the comparable period last year to 53.1 million pounds ($85.38 million). Retail sales for the for the first half of the year were 116.7 million pounds ($187.64 million), up 18.8 percent, and wholesale figures for that period were up 24.8 percent to 74.6 million pounds ($120 million). "We have delivered another strong trading performance, which has seen good sales growth in both the retail and wholesale divisions," Chief Executive and co-founder Julian Dunkerton said on Thursday. Dunkerton, who started his career in retail selling jeans on a market stall aged 19, added he was confident about meeting market expectations
goldfinger
- 07 Nov 2013 09:09
- 201 of 226
Canaccord Genuity Reiterates “Buy” Rating for SuperGroup (SGP)
Posted by Stuart Ham on Nov 7th, 2013
SuperGroup (LON:SGP)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Thursday, American Banking and Market News reports. They currently have a GBX 1,530 ($24.53) target price on the stock. Canaccord Genuity’s target price would indicate a potential upside of 27.05% from the stock’s previous close.
Shares of SuperGroup (LON:SGP) opened at 1236.00 on Thursday. SuperGroup has a 52 week low of GBX 532.682 and a 52 week high of GBX 1248.00. The stock’s 50-day moving average is GBX 1139. and its 200-day moving average is GBX 963.0. The company’s market cap is £994.4 million.
A number of other firms have also recently commented on SGP. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of SuperGroup in a research note to investors on Friday, November 1st. They now have a GBX 1,400 ($22.44) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of SuperGroup in a research note to investors on Thursday, October 24th. They now have a GBX 1,300 ($20.84) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of SuperGroup in a research note to investors on Thursday, October 17th. They now have a GBX 1,175 ($18.84) price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,075.92 ($17.25).
SuperGroup Plc, formerly DKH Clothing Plc. is United Kingdom-based retailer. It focuses on the youth fashion market with its clothing and accessories for both men and women
goldfinger
- 07 Nov 2013 09:11
- 202 of 226
Big seller out to play again knocking out AT sells....drat.
cynic
- 07 Nov 2013 09:17
- 203 of 226
not surprised - sp hitting all-time high point .... just a case (i think) of sitting tight
goldfinger
- 07 Nov 2013 09:37
- 204 of 226
here here. Commented on Chart thread.
goldfinger
- 07 Nov 2013 10:53
- 205 of 226
Another broker update........
07 Nov 2013 SuperGroup PLC SGP Investec Buy 1,211.50 1,206.00 1,300.00 1,500.00 Reiterates
SP target 1500p.
dreamcatcher
- 11 Dec 2013 22:47
- 206 of 226
By Giles Gwinnett
December 11 2013, 6:27pm
Thursday's Agenda - Supergroup making eyecatching progress in womenswear
Fashion firm SuperGroup (LON:SGP) posts interims Thursday and broker Oriel is looking for continued good form. Its shares are "ones to own", it says.
"The core menswear range continues to evolve but the eye-catching progress is being made in womenswear, where new designers and merchandising techniques are having an effect," it said.
"A much better accessories range should also have a disproportionately positive effect over Christmas. Longer term, the brand is starting to gain presence globally, and buy-ins of licenses and franchises will continue," said Oriel.
City firm Peel Hunt forecasts half-year profit before tax of £17.8mln, up 22% year-on-year, for the firm behind the Superdry brand.
skinny
- 12 Dec 2013 07:01
- 207 of 226
Interim Results
Financial highlights:
· Retail revenue up 19.3%; like-for-like sales growth 8.1%;
· Full price internet sales up 29.3%, strong performances in key European markets supported by significant developments to the e-commerce sites;
· Wholesale revenue up 25.0%;
· Improved divisional operating margins; and
· Underlying profit before income tax up 21.8%.
Operational highlights:
· Infrastructure and systems investment projects are on track and on budget;
· Improved womenswear ranges support sales growth;
· 8 new owned stores opened adding 38,000 square feet to the portfolio;
· 35 new international franchised and licensed stores taking the total to net 192 stores; and
· First 8 Spanish concessions opened in El Cortes Ingles department stores.
mitzy
- 12 Dec 2013 09:12
- 208 of 226
Hold tight for 1500p.
mitzy
- 08 May 2014 09:36
- 209 of 226
cynic
- 08 May 2014 09:39
- 210 of 226
one of friend sticky's recommendations a few weeks back :-)
it's a strange old share and company this one, and i'm glad it's never appealed to me
skinny
- 10 Jul 2014 07:41
- 211 of 226
Preliminary Results
FINANCIAL HIGHLIGHTS
· Group revenue up 19.6% to £430.9m
· Group gross margin up 140 basis points to 59.7%
· Underlying2 profit before tax up 18.8% to £62.0m
· Underlying2 earnings per share of 58.0p (2013: 47.8p)
· Basic earnings per share of 34.0p (2013: 44.7p)
· Net cash generated from operations of £64.3m (2013: £38.3m)
· Year-end net cash position up 58% to £86.2m (2013: £54.5m)
OPERATIONAL HIGHLIGHTS
· Opened around 100,000 square feet of trading space taking the UK and European retail portfolio to 633,000 square feet (+18%), in-line with guidance.
· Net increase of 46 international franchised and licensed stores during the year taking the total to 208 (2013: 162).
· Retail sales growth of +17.7%; LFL sales growth of +3.2%.
· Wholesale sales growth of +23.3% in-line with the order books (2013: +7.4%).
STRATEGY HIGHLIGHTS
· Germany: Bought-out the agency operation and acquired seven franchise stores giving the Group the rights to open its own retail stores.
· Spain: Bought-out the Spanish agency and subsequently opened 10 El Cortes Ingles concessions. Further progress made on building a stronger wholesale platform.
· Post balance sheet event: Acquired SMAC Group, the Group's long term Scandinavian distributor.
· New central warehouse operation in Burton upon Trent opened and operating successfully.
· New merchandise management system, HR and payroll systems implemented and a new point of sale system currently being rolled out throughout the estate.
Shortie
- 22 Oct 2014 10:19
- 212 of 226
LONDON, Oct 22 (Reuters) - SuperGroup Plc SGP.L , the
British company behind the Superdry fashion brand, named
ex-Co-op Group boss Euan Sutherland as its new chief executive
on Wednesday, replacing Julian Dunkerton who founded the company
on a market stall 30 years ago.
Sutherland, who has more than 19 years experience in the
retail sector with roles at the likes of home improvement chain
B&Q, electricals group Dixons DC.L and fizzy drinks maker
Coca-Cola KO.N , had been a non-executive director at
SuperGroup for two years and will be charged with overseeing its
international expansion.
Dunkerton, who started the business in 1985 on a market
stall in Cheltenham, southwest England, before floating it on
the stock market in 2010, will move to the new role of founder
and product and brand director with immediate effect.
"With the number of opportunities SuperGroup has available
and the increasing complexity of the business, now is the right
time to bring in a CEO of Euan's calibre," Dunkerton said in a
statement.
Shares in the firm, whose trademark jackets, hooded tops,
check shirts and jogging bottoms are popular with
twentysomethings as well as celebrities such as David Beckham,
were down 3.5 percent to 992p at 0740 GMT. They fell as low as
986p, their lowest level since August.
Dunkerton, who still holds a 32.22 percent stake in the
company, will focus on developing the group's product ranges and
protecting its brand as it expands internationally.
"Really it is the creative side that I feel I add best
value. So to deliver the huge international opportunity that we
have, this was the most logical decision that I could possibly
make, personally and for the business," Dunkerton told Reuters.
EXPANSION EVERYWHERE
Superdry products are sold in more than 100 countries via
its 135 UK and European standalone retail stores, as well as via
concessions, franchised and licensed stores and its website.
The firm has said it has expansion plans "everywhere", with
the main focus of a European rollout on Germany and markets such
as the United States and China offering big potential.
Sutherland, who quit as boss of the embattled Co-Op group in
March after just 10 months in the role, describing the company
as an "ungovernable" organisation, said he was relishing the
chance to plot SuperGroup's expansion over the next five to 10
years. ID:nL6N0M810Z
"There is a tremendous set of opportunities ahead of us," he
told Reuters, adding he was sat almost "head-to-toe" in Superdry
gear.
Analyst Kate Calvert at brokerage Investec welcomed the
management shuffle and reiterated her "buy" rating on the stock,
although she cut her full-year pretax profit forecast by 4
percent to due the mild start to the autumn season that has
affected demand for warm clothing at a number of retailers.
"Euan has a formidable retail reputation and a wealth of
experience. We believe this shuffle gives insight into the
board's thinking on the future brand opportunity as it
internationalises," Calvert said.
Last month SuperGroup forecast a year of profit growth, as
sales rose 16 percent in its first quarter, and it said its
autumn-winter season had started well. ID:nL5N0R50QC
(1 US dollar = 0.6205 British pound)
(Editing by Kate Holton and David Holmes)
((neil.maidment@thomsonreuters.com; +44)(0207 542 2292; Reuters
goldfinger
- 22 Oct 2014 14:54
- 213 of 226
How come its down 4% plus today? thought they had a red hot new chief honcho.
tomasz
- 22 Oct 2014 18:30
- 214 of 226
anything wrong with ex sunken co-op chef on helm ?

£3.7m/y...
tomasz
- 19 Nov 2014 09:11
- 215 of 226
I was about to long technically here but with that bad guy in and another good guy leaving out today I got fundamental doubt. double bottoms mean to be broken, its been said long time ago too...
HARRYCAT
- 11 Dec 2014 08:18
- 216 of 226
StockMarketWire.com
SuperGroup has improved its H1 pretax profit to £17.2m, from a year-earlier profit of £9.9m. Revenue was £208.2m, from £192.1m. Its board held the view that the business is best served by retaining current cash reserves to support growth.
The company said trading in H1 was disappointing, but noted the vast majority of profits were historically generated in H2.
In its update of Oct. 31, SuperGroup said it took the expected impact of H1 and its likely ramifications for the current year into account in guiding towards a FY profit outcome of £60m-£65m.
CEO Euan Sutherland commented:
"SuperGroup is an exciting business with a strong brand and significant growth opportunities which, during this period, has suffered from widely publicised external factors. Additionally, I have identified that there are some parts of our operations that we can improve.
"I am reviewing every aspect of the business, including the execution of our strategy, cost management and capital allocation and will report our conclusions in the spring.
"We are well prepared for the important peak season and remain on track to deliver profits within guidance."
Financial highlights:
· Group gross margin up 220 bps to 59.0%;
· Underlying profit before income tax £12.5m (2013: £17.9m);
· Underlying basic earnings per share of 11.9 pence (2013: 16.3 pence);
· Basic earnings per share of 17.2 pence (2013: 2.6 pence); and
· Net cash position at the period end up to £66.6m (2013: £61.5m).
Operational highlights:
· Retail revenue up 12.5%; like-for-like sales growth -4.1% (2013: +8.1%);
· Full-price internet sales up 15.9%;
· Wholesale revenue up 2.0%;
· 12 new owned stores opened adding 46,000 square feet to the portfolio;
· Owned trading space in mainland Europe up 42% since the year-end including Munich flagship;
· 20 new international franchised and licensed stores taking the total to 225 stores; and
· On plan to meet full year target of 80,000 to 100,000 square feet of incremental owned space.
goldfinger
- 14 Jan 2015 16:18
- 217 of 226
Investec says Supergroup's valuation "undemanding" given growth potential
14 January 2015 10:16
A return to strong positive like-for-like (LFL) sales growth in the third quarter at Supergroup "should be welcomed" by the market, according to Investec which lifted its target price for the fashion retailer on Wednesday.
The broker, which lifted its earnings estimates for the firm, upped its target for the shares from 1,000p to 1,030p and reiterated its 'buy' recommendation.
Following on from a 4.2% drop in LFL sales in the second quarter, Supergroup said LFLs improved by an impressive 12.5% in the 11 weeks to 10 January.
"Whist up against a soft comparable, the strength of growth is likely to surprise, as well as the fact that there has been a material acceleration in estimated two-year LFL [run rate] to at least double digit, from Q2's +3.3%," said Investec analyst Kate Calvert.
She said that the retailer's performance was "consistent" across mens and womenswear as well as the UK and Europe.
Investec has raised its profit before tax forecast for the fiscal year ending 30 April by 3.4% to £62.5m.
This remains in line with the company's guidance of £60m-65m, with Calvert saying that strong sales will not directly benefit profits as they will be partially offset by foreign exchange movements, bad debt with a big wholesale customer, costs and tactical issues.
"Valuation looks undemanding for a business capable of delivering consistent double-digit growth given the longer term opportunities, both within the UK and Internationally," the analyst said.
"More consistent delivery should drive a re-rating over time."
The stock was up nearly 10% at 891.5p by 10:57.
Related Companies: SGP
goldfinger
- 19 Jan 2015 15:41
- 219 of 226
SGP BREAKING OUT.
goldfinger
- 19 Jan 2015 16:24
- 220 of 226
SGP BREAKOUT............
19 Jan 2015 SuperGroup PLC SGP Berenberg Buy 922.75 903.50 1,160.00 1,160.00 Reiterates
SP TARGET 1160p
goldfinger
- 20 Jan 2015 12:45
- 221 of 226
Loads errrrrrr money doodlemug.
goldfinger
- 20 Jan 2015 14:52
- 222 of 226
Date Broker Rec. Price Old target price New target price Notes
19 Jan 15 Berenberg Buy 971.25 1,160.00 1,160.00 Reiterates
14 Jan 15 Berenberg Buy 971.25 1,160.00 1,160.00 Reiterates
14 Jan 15 Canaccord Genuity Buy 971.25 1,000.00 1,000.00 Retains
14 Jan 15 Investec Buy 971.25 1,000.00 1,030.00 Reiterates
14 Jan 15 Cantor Fitzgerald Buy 971.25 1,000.00 1,000.00 Reiterates
09 Jan 15 Investec Buy 971.25 1,000.00 1,000.00 Reiterates
19 Dec 14 Investec Buy 971.25 1,000.00 1,000.00 Reiterates
18 Dec 14 Canaccord Genuity Buy 971.25 1,000.00 1,000.00 Retains
Greyhound
- 05 Nov 2015 12:52
- 223 of 226
Cracking results
Claret Dragon
- 18 Jan 2017 15:12
- 224 of 226
Supergroup £20 soon!!!
Claret Dragon
- 27 Sep 2017 12:14
- 225 of 226
Banged on about this one before. Getting back up.
Claret Dragon
- 05 Oct 2017 15:25
- 226 of 226
Sold today. May be some more upside to come!!!