Supergroup Share Discussion Threads

[tjbird] 14/1/2017 19:18

bring it on you muppet
I remember you lost all your money in Flying Flowers didnt you lol

[clocktower] 13/1/2017 16:24

If the market falls next week, I guess this will be nearer to £15. than £17.

[parazaradox] 13/1/2017 09:35

Chart looks bullish to me

[clocktower] 13/1/2017 08:56

Almost a double top with yesterday - who is going to the playground and jump on the slide? :-)

[tjbird] 13/1/2017 08:23

I cannae hold her captain. She gonna blow

[tjbird] 13/1/2017 08:21

breakout - see chart

[tjbird] 13/1/2017 08:01

Heading to the highs today,
wont be surprised if it goes over 1800p soon enuf

[clocktower] 13/1/2017 07:55

They will be filling the racks with Spring/Summer stock soon after the sale, and those items have much lower retail prices that padded jackets tjbird, on top of that the public are always looking for the next new brand/design.

[tjbird] 13/1/2017 07:51

IC - BUY
Finally for the high street, fashion chain SuperGroup (SGP) has released interim results which show a 21 per cent increase in retail revenues year-on-year. That equates to like-for-like growth of 15 per cent, with jackets - specifically the Fuji padded range, rookies and bombers - being the best performing category. There was a strong performance over in wholesale too, helping to keep profit expectations for the full-year on track. Buy.

[nw99] 12/1/2017 16:14

TJ good post thanks

[tjbird] 12/1/2017 15:40

Net cash of £75,000,000

[tjbird] 12/1/2017 15:39

UPGRADES!!!!!






SuperGroup (BUY) – Interim results and Q3 trading update
SGP LN (1718p, TP 1920p from 1700p), Market Cap: £1,394m
Our view: H1 results are broadly in line with expectations and the Q3 Retail LFL growth of 15% over peak is very encouraging. We reiterate our BUY recommendation and raise our TP to 1920p (23x cal’17 PER) from 1700p. We are nudging up our FY17 PBT forecast to £86.5m from £84.0m this morning. As part of the updated strategy, the refurbishment programme should ‘kick-start217; further growth in the UK while there continues to be significant opportunities to develop the brand both in Europe and the US.

· Underlying H1 PBT of £21.0m – Adjusted PBT came in at £21.0m (vs CFE £21.5m), an increase of 8.8% year-on-year and in line with November guidance (£20-22m). Adjusted EPS was 21.0p with H1 DPS rising by 26% to 7.8p (6.2p LY). Within these results group revenue rose 31.1% to £334.0m. Retail sales grew by 25.0% to £215.5m, driven by new store openings, and strong LFL growth of 12.8%. Wholesale revenue grew by 43.8% to £118.8m. Group gross margin fell by 130bps to 58.8% principally driven by the strong participation of relatively lower margin Wholesale sales and some targeted clearance activity. Underlying Retail profit before exceptionals was £18.2m (vs CFE £22.5 & £19.1m LY), Wholesale profit was £39.4m (vs CFE £32.0m & £28.4m LY) with net Central costs of £31.1m (vs CFE £33.0m & £30.3m LY). Adjusted Group operating profit rose 14.5% to £22.1m (vs CFE £21.5m) with an adjusted operating margin of 6.6% (vs 7.6% LY).

· Q3 trading update – Alongside today’s interim results the Q3 peak trading performance covering the 10 weeks to 7th January has also been reported. Retail sales rose by 20.6% with Retail LFLs increasing by 14.9% highlighting a strong performance over peak. This follows growth of 11.9% in Q1 and 13.7% in Q2 and leaves the cumulative 36 week LFL growth at 13.7%. A further 74k sq ft was added in the period which contributed to the overall growth rate.

· Forecasts increased – Prior to today’s update our FY17 PBT forecast stood at £84m (EPS 78.7p) with consensus PBT at £86.2m. We are nudging up our FY17 PBT forecast to £86.5m this morning.

· Exciting prospects ahead – At the September 2016 Capital Markets day, it was clear the company had developed a ‘leading edge’ format not just from a domestic but also a global perspective. The new store was developed ‘in house’, section by section and category by category rather than being developed by a third party. At the same time, the company provided an update on its multi-channel strategy (on-line already accounts for 23% of group sales, one of the highest amongst its peer group). Over the next year, the company should be able to fulfill European orders from its Belgian distribution depot, significantly improve its digital marketing effort, and have developed new order management systems which will enable consumers to pick up their order from store in real time and launch ‘reserve and collect’.

· Valuation & Recommendation – SuperGroup trades on a cal'17 PER of 20.6x falling to 19.2x cal'18. The company has a strong balance sheet, which is forecast to have net cash of over £75m at April 2017 and a progressive dividend policy.




We reiterate our BUY recommendation and raise our TP to 1920p

[clocktower] 12/1/2017 15:34

lol ilwa - Could this be the start of the melt down? I guess airport outlets suffer with a lot of bad weather as flights are cancelled - I understand SGP have several outlets at airports.

[sheep_herder] 12/1/2017 14:58

Sorry, that was my fault. I raised my stop loss this morning to 1650 but managed to see the shake starting and lowered them again. Every time I raise my stops I trigger a shake.... unreal.

[nw99] 12/1/2017 14:52

Indeed no meeting at all timed my buy nicely sit back for 1720 later

[ihatemms] 12/1/2017 14:51

Nothing been said. Meeting was this morning. Just a tree shake to accumulate stock.

[brain smiley] 12/1/2017 14:45

whats going on..suspect something has been said to the analysts

[nw99] 12/1/2017 14:43

Added here

[clocktower] 12/1/2017 14:42

1bonanza - DYOR but why not wait and see if it dives a lot lower.

[1bonanza] 12/1/2017 14:36

Might be tempted at re-entry when this drops down to 16 again.

[inlovewithaltitude] 12/1/2017 14:11

Fat finger mm spilt coffee have added

[1bonanza] 12/1/2017 14:10

They are with LSE today !!