Core Vct I Share Discussion Threads

[yawn1] 20/1/2017 09:07

MSG

Be careful

[larva] 20/1/2017 08:57

bought a load of SGP here

Thye could be a pound very very quick

[larva] 20/1/2017 08:55

buying a wadge of SGP here



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

[recordz] 20/1/2017 08:27

ABZA Read the RNS.

[qs99] 20/1/2017 08:27

ABZ :))))))))))

[howdlep] 20/1/2017 08:17

AMED

Markets haven't picked up on the late acquisition RNS yesterday. A good deal with the option for a further 5%, which highlights what will be an increasing asset value.

Great news for MGR Resources, which of course AMED have an 49% stake in.

[cpap man] 20/1/2017 08:10

KOD



Whoosh straight out of the blocks this morning again are KOD

For what it is worth the share price target for KOD during 2017 is 3p+

[cpap man] 20/1/2017 08:08

And what is good for AMED is also good for one of it's investors namely LEG

[davethechef] 20/1/2017 08:07

Late 4.10pm RNS from Amedeo Resources yesterday,

Thursday 19 January, 2017


Amedeo Resources PLC

Acquisition of 2.5% stake in Copper Mine


RNS Number : 6567U

Amedeo Resources PLC

19 January 2017




19 January 2017



Amedeo Resources PLC ("Amedeo")

Acquisition of 2.5% stake in Copper Mine

Amedeo is pleased to announce that it has acquired a 2.5% stake in Ganjine Kani Company ("GKC") for US$500,000, a copper mining company close to the city of Mashhad in Iran. As part of the transaction, Amedeo has a 5-year option to acquire a further 5% of GKC for US$2 million.

GKC is a producing miner. GKC also has the required infrastructure to produce copper concentrate from ore. To date, around 1 million tonnes of ore has been extracted by GKC which contains, on average, 0.9% copper. GKC has three mines.

Iranian studies estimate that the producing mine alone may have at least 6.5 million tonnes of copper ore with a 0.9% average copper content. The extent of the ore and its copper content has yet to be confirmed to international standards.

GKC has been selling copper concentrate into Asia, including China. MGR Resources PTE Ltd ("MGR"), which trades and brokers iron ore and in which Amedeo has a 49% stake, intends to work with GKC to increase GKC's supply of copper into East Asia and China.

Glen Lau, Chief Executive Officer of Amedeo said "We are pleased to have made this acquisition which will allow MGR to widen the commodities it trades and brokers and, at the same time, give MGR a captive supply of copper."

[cpap man] 19/1/2017 16:08

KOD



Emmmm perhaps but the brokers aren't the best and it is early stage where as KOD are just behind near neighbours with their LITHIUM licences Aussie listed BGS who are currently subject to a TAKE OVER BID by the CHINESE

AIMHO but i reckon that KOD are the next REM [who have a MKT CAP 3 or 4 higher and less LITHIUM resource] and that can only mean one thing....KOD will MULTI BAG during 2017 to hit a share price of 3p+

[andrbea] 19/1/2017 16:01

bnr next anyone?
like kod, next door to bgs

poster (Today 15:51):

BNR's map is on website
Immediately connected north of BGS's Bougouni play.

[maytrees] 19/1/2017 15:52

Many tx andrbea or whoever mentioned mcc on the thread earlier.
The few I bt then (after dmor) well in profit now.

[parazaradox] 19/1/2017 15:17

4 straight days of losses ofr DOW
All in all, market breadth “does seem to be slumping a bit, which is often a preamble to weakness in the major averages, and we could start to see traders position themselves for [a] short-term trading top coinciding with the inauguration

Lovly jubbly on the shorts


Now for the big MOFO Trump Dump

Prepare for the Dow to dive when Trump opens his gob

Good Morning Mr President

[cpap man] 19/1/2017 15:06

KOD [again!]

[andrbea] 19/1/2017 14:06

mcc 6%
start of the recovery leg?

ontarget

11:23
Having said that, 2 more trading days before the GM so would-be buyers need to get their skates on.

[ileeman] 19/1/2017 13:23

Bought some IRG.

Think it will spike again.

[johndee] 19/1/2017 13:09

IRG...
NT's needed for buying. Easy to sell.

[jestercat2] 19/1/2017 13:00

Check out BST - rising fast now and more to come

[cpap man] 19/1/2017 12:53

KOD



LOL again it's KOD going for it!

[fillipe] 19/1/2017 12:36

ANGS - what a strong return-spring here....back in upward motion gear.

f