www.supergroup.co.uk

N+1 Singer Hold 812.50 715.00 715.00 Reiterates

Canaccord Genuity Buy 812.50 1,000.00 1,100.00 Reiterates

SP broken through ceiling of uptrend channel......

i think you're being a bit over-enthusiastic ...... sp is already well off its earlier high

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.

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))

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))

Need to get in quick Cyners this is the next ASC,

In technology think XAR could also continue to rise and rise and rise.

Yep moving up again.

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

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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

Well your loss. Its Europe that the big thing with SGP and their online offering.

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))

sticky - the pride of uk retailing probably belongs to NXT, so check them thoroughly - and no, i don't hold them either

Will do Cynic cheers.

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

Moving higher Cyners. Get in now before it gets away.

hardly! ... but anyway, i am satisfied that this is not one for me to jump into

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".

Peach of a day.

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

Expecting another cracking day tomorrow.

Newspapers should be full of the record news.