Supergroup Share Discussion Threads

[clocktower] 23/1/2017 16:18

A positive day for SGP while the market in general has a poor day.

[ali47fish] 22/1/2017 18:07

but then isn't this a buying opportunity?

[isaready] 22/1/2017 16:20

Mms took this down for the buyers of that 6 million in shares. Once they are settled, it will go back up to its normal position.

[jim morrison 103] 20/1/2017 17:41

do we know who has acquired the shares thanks

[1bonanza] 20/1/2017 17:36

The seller is JD himself!!!On 20 January 2017, SuperGroup was notified by Julian Dunkerton, one of the Company's founders and its Product and Brand Director, that he has sold 392,156 ordinary shares of 5 pence each ("Ordinary Shares") in the Company at a price of £15.30 per share ("Share Sale"), representing 0.48 per cent of the issued share capital of SuperGroup.

[allstar4eva] 20/1/2017 13:37

Large trades. Seller done?

[clocktower] 20/1/2017 13:10

One might not get a better time to take profits if short imo. thanks 1b. Good luck.

[clocktower] 20/1/2017 13:10

One might not get a better time to take profits if short imo. thanks 1b. Good luck.

[essential] 20/1/2017 13:08

Stopped out today which is frustrating as these are a long term Sipo holding. However shouldn't fight the market - could hit 200 DMA at 1480 ish at which point I'll be back in.

[johnv] 20/1/2017 13:02

Gap maybe to fill at 1480p end of oct16

[1bonanza] 20/1/2017 12:50

Or down a pound !

[larva] 20/1/2017 09:05

Posted earlier


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

[larva] 20/1/2017 08:56

these could be up a pound before you know it

[larva] 20/1/2017 08:54

adding here

[1bonanza] 20/1/2017 08:37

£15.05 next top up target, well called Clock T !

[brain smiley] 19/1/2017 15:51

The sudden £1 drop on results day was the tell that this was going down .

[1bonanza] 18/1/2017 12:37

Yep, could drip down further on no news.

[clocktower] 18/1/2017 12:25

Well having broken the £16.00 mark today, we may soon see it break the £15.00 barrier rather than the £19.00 you have suggested 1b.

[1bonanza] 17/1/2017 10:43

You could well be right, long term it's got £19.00 imho.

[clocktower] 17/1/2017 08:21

1bonanza but will £16.00 hold? I doubt it will for long. Good Luck.

[1bonanza] 17/1/2017 08:01

There we go £16.00 as predicted and in.

[clocktower] 16/1/2017 13:23

Drooped even further than I expected today but the trend sees sets - Maybe worth locking in profits today, and tjbird you might consider, taking your profits, if you have not done so already,DYOR. Good luck

[clocktower] 16/1/2017 08:50

wrong tjbird.

Wise up - put a smile on the other side of your face - this is going south so far today, bar a few bounces, go with the new trend in fashion. :-)

[1bonanza] 16/1/2017 08:45

With no expected news for some time and from years of experience on this share, it's quite likely to drip back down to 16.00 then I will be tempted.