www.supergroup.co.uk

pretty quiet here today despite earthquake... all gone?..:))

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

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."

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

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

I take it Cynic you changed your mind on the managent........i take it your a M&S dresser at your age.......mind you they dont do much in shorts at this time of year.

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

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!

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

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.

great rns today and with figures due out on wednesday, be prepared to sell on the news as sp has gone stellar today

woaa.. dead open , some 240 point down.. scary market for sgp these days... dead silence here.. all dead...

Brace yourself.

Good job the Interim Management Statement wasn't bad!

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

Half price.

Nice bounce due to paper positive comment.

OVER 1050p

and asc (red) looks ever more over-priced to me