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SGP Supergroup

2,060.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Supergroup LSE:SGP London Ordinary Share GB00B60BD277 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2,060.00 2,052.00 2,054.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Supergroup Share Discussion Threads

Showing 12101 to 12119 of 12825 messages
Chat Pages: Latest  489  488  487  486  485  484  483  482  481  480  479  478  Older
DateSubjectAuthorDiscuss
02/6/2016
21:44
21 would be nice. Perfect 100% rise
cyman
02/6/2016
15:10
breakout , brokers have £18 price target from memory, and £21
onjohn
16/5/2016
20:20
Anyone know of any reason for the 2.5% drop today?
cyman
14/5/2016
12:36
SuperGroup - SuperPerformance

Our view (Hargreaves Lansdown)

SuperGroup has had a very successful FY2016 and will have delivered double digit profit growth, despite start-up losses in the USA and China.

Fashion is intrinsically risky; the more fashionable a retailer is trying to be, the more risks it has to take that its customers will look at the clothes and shudder. Get it right though, and the frocks fly out of the shops at outrageous price tags.

When SuperGroup listed a few years ago, it quickly ran into growing pains as its infrastructure struggled to keep pace with demand. CEO and co-founder Julian Dunkerton handed over the reins to Euan Sutherland, an experienced international retail leader, in order to concentrate on the branding and design.

Execution now looks to becoming a strength, not a weakness for the group, with the only blot in the copybook being the lengthy turnaround of the US business, but even there, progress looks to be coming through. With strong growth in new space and the successful launch of the new premium price range in collaboration with actor and fashion icon, Idris Elba, SuperGroup looks well set to cope with the stronger comparatives ahead.

The Superdry brand has shown it can travel well and the business is still immature. Growth through new openings, or buying in franchisees should be capable for some time to come. So long as Mr Dunkerton keeps sending the right outfits down the catwalk.

aishah
13/5/2016
21:24
Was great wasn't it I just bought those dips .
nw99
13/5/2016
07:12
Yeah I noticed that too nw All that talk of 500p bla bla
cyman
12/5/2016
21:40
Awesome really silenced the Bears here
nw99
12/5/2016
14:51
SGP SuperGroup

Broker Comment

RBC

Retail – strong sales momentum driven by e-commerce. For the 15 week period to April 23, Retail sales grew at +30% yoy
compared to our +12.5% forecast with LFL sales up +15% compared to our +2% estimate. This was driven by strong ecommerce
sales and strong product range extensions e.g. into womens’ sport and premium, albeit it’s a fairly quiet quarter for the group.
SuperGroup added 136k of square feet during the year of which 40% was in Germany.
Wholesale sales also strong. Wholesale sales were up +20% in Q4 versus our +8% estimate yoy. This represents an acceleration
from the +8% recorded for H1 and reflects strong salaes to existing customers plus the opening of 48 net franchised stores.
Gross margin guided to the top end of the range. SuperGroup anticipates delivering margin accretion towards the top end of full
year guidance of 40-60bps. We don’t think currency had a material impact on margin during Q4 which was up within a 0-30bps range.
Net cash of £102mn at the end of April was slightly ahead of expectations.
James Holder stepping down from the Board – co-founder James Holder, currently Brand and Design Director is to lead a new
SuperDesign Lab to drive further product innovation exclusively for SuperGroup in order to focus his time on this and allow him to
spend more time on personal interests. He is stepping down on 1 June from which time the Heads of Design for menswear and
womenswear will report directly to Group CEO Euan Sutherland.
Our view: Outperform: We think SuperGroup offers an attractive longer term growth story driven by double-digit space growth, a
strong ecommerce offer and moves to improve the product offer, inventory management and buying pro-cesses. The shares have
fallen +20% year to date and we think now offer more reasonable value at c.16x CY17 P/E for what should be double-digit top and
bottom line growth, with a strong balance sheet and c.2% dividend yield.

3rd eye
12/5/2016
13:01
Canaccord.

The key message is that the Superdry brand is firing on all cylinders, with its products warmly received by Retail and Wholesale customers. SuperGroup has guided to an above consensus (52-week) PBT range of £72.5m – £74.0m on the back of a strong Q4 performance. Retail LFL sales rose 15.4% against a tough comparative (+11.6%) driven by four factors: 1) availability of continuity products offering seasonal protection; 2) the innovation kicker from a full quarter of new products, most notably premium menswear (Idris) and women’s sportswear; 3) ongoing strength in the e-commerce channel; and 4) a small degree of Euro FX benefit. Year-on-year space growth was 17.8%, with the
addition of 136K sq.ft., with just over a third of this in Germany.
Wholesale sales rose a strong 19.6% in H2, reflecting strong “in-seasonR21; sales also driven largely by the buy-in of new ranges. The gross margin will be at the upper end of the +40-+60bp guidance, indicating a good sell-through of full-price sales and no change in the promotional mix. With combined US and China losses in line at c£4m, there will be a small reduction in the group operating margin, we estimate c50bp, with the underlying margin up, however, by c10bp.
The year-end (53-week) net cash position was £102m (vs £78m last year), which in our view points to the potential for future special distributions to shareholders.

Impact on our view
We are raising our FY16E PBT by £1.5m (2.1%) to £73.5m, with the North American
cost base, increased incentivisation payments, largely variable cost e-commerce model and investing in inventory to protect service levels, especially around peak, diluting operational leverage. With two new distribution centres due to open in FY17 ahead of peak, the major one in Europe and a smaller one in the US, the business’s disciplined approach to protecting service levels, and some potential double-running costs, could deliver a similar impact in FY17. But, until we have more quantified guidance on these points, we maintain our FY17/18 forecasts. This still delivers a FY17 PBT increase of 14%, consistent with the group’s medium-term growth target.
Valuation
The shares are trading on a PER of 16.3x in cal 16E and 14.3x in cal 17E, and an EV/EBITDA of 8.0x and 6.8x. The PER is at almost a 10% premium to the sector for cal 17E,which we attribute to the prospects of strong medium-term earnings growth, driven by international expansion, range extensions and growing womenswear sales. We maintain our Quest® supported target price of 1847p.

hutch_pod
12/5/2016
08:18
"The group has traded robustly throughout the final quarter as we continue to deliver our strategy to create a global lifestyle brand," said chief executive Euan Sutherland.

"During the quarter, the group paid its first dividend in line with our progressive dividend policy while retaining sufficient capital to support our investment programme."

The company announced last year that it would start paying a "prudent" dividend as part of a shake-up aimed at delivering "sustainable growth".

Mr Sutherland added: "Our focus remains on the extension of the Superdry brand and execution of clear growth opportunities, under-pinned by continued investment in infrastructure to strengthen our business."

Supergroup plans to open two distribution centres this year to support expansion across Europe and North America.

aishah
12/5/2016
08:14
When the news of James Holders departure sinks in this will drop back IMHO.
1bonanza
12/5/2016
08:13
SuperGroup's share price soars 12 per cent as it shrugs off high street blues to post double-digit growth

hxxp://www.cityam.com/240927/supergroup-shrugs-off-high-street-blues-to-post-double-digit-growth-

Cantor Fitzgerald reiterate BUY and 1700p target

aishah
12/5/2016
07:12
Wow great open. Nice when the market reacts positively to good news. Glad I bought on dips and held on. Supergroup is completely different to Next and I am glad it has bucked the trend. You see so many people wearing the clothes these days which are attractive to a wide age range. People in my house from 18-70 wear them!
izztre
12/5/2016
07:11
Very solid,
I didn't have the nerve to get in prior to the results but will look to add.
Sentiment is so poor towards the high street at present so hopefully this can improve things.

salpara111
12/5/2016
07:10
Mmm, good results but I'm out at 1445, I see James Holders departure as something brewing.
1bonanza
12/5/2016
06:25
Yes. Impressive.
hutch_pod
12/5/2016
06:09
Good trading update. Hopefully the market will agree
izztre
10/5/2016
10:27
In your dreams!
Retail sales slowing, employment peaking, house prices beginning to role over, weak global macro environment, UK population up to its eyeballs in debt, youth working for peanuts, etc .......can't think of any reason to buy! :-)

itchycrack
10/5/2016
09:12
Am drooling over the eps forecast of 85p, then 95p

if they do those then this is £25

dlku
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