Minds + Machines Share Discussion Threads

[jackson83] 10/9/2020 15:37

I guarantee that SDRY will be back to 500p within 2/3 years ( you can be hank me later )

[jackson83] 10/9/2020 15:35

MMX is a stock for games/ gambling 🤡... time to cash in folks and you can still buy into superdry SDRY & double your cash this time next year or we stuck in MMX.CON for life.

[jackson83] 10/9/2020 15:32

By Richard Evans 9 September 2020 • 5:00am A woman walks past a Superdry fashion store in Berlin, Germany Reasonably priced casual wear puts Superdry in the right place for the pandemic “These guys destroyed a quarter of a billion pounds of value for me and I’m determined to build it back up.” This is what, according to one fund manager, the founder of Superdry is in effect saying about his attempt to restore the firm’s fortunes after his predecessors made, again in the fund manager’s words, a “dog’s breakfast of it”. Liad Meidar of Gatemore Capital Management, whose Special Opportunities fund has a stake in the fashion brand, said Julian Dunkerton, its founder, had seen the value of his Superdry shares fall by about £250m when its market value plummeted from £1.3bn to £90m under the previous management. This obviously gives Mr Dunkerton plenty of motivation to succeed – and it shows. “He fought to get back control of the company in April last year. There was lot of drama,” said Mr Meidar. “We think he is doing a lot of the right things to get the business back on track. “He’s just as energetic and committed as before. He is a really incredible entrepreneur. He is renegotiating store leases, so fixed costs are falling significantly, and he is revamping the product line, breathing new life into it. And I think he’ll be around for a while.” He added that there was “nothing wrong with the business” now. “Going into the pandemic there were a lot of factors that put it in a unique position,” Mr Meidar added. “One was it had net cash, a position that it managed to maintain into lockdown. It had had too much inventory but stopped purchasing and managed to clear it, while the warehouses for online shopping were kept running.” He said Superdry’s “reasonably priced casual wear” put it “in the right place” as far as the pandemic was concerned. “This brand can do really well in this environment,” he added. “It was already in turnaround mode going into Covid – it was on the front foot. “Now it is able to go further and get its cost structure right. For example, some shops could be closed but the firm could also open some new ones. Some landlords are offering variable-cost deals that in effect mean there is no risk for the tenant.” He said Superdry charged “premium prices” but still offered good value for money. “You feel that you are getting a good deal, a good balance of quality and price.” The result is gross margins of about 64pc. Returns on capital tend to be in double digits, although they are depressed this year. “They could go into the high teens,” Mr Meidar said. He said profit numbers were currently “all muddled” because of changes to accounting standards but the less volatile and arguably more important free cash flow figure should be more than £60m by 2022. “A business with a market value of £110m is on course to produce £60m in cash in one year,” he said. “That reflects the bombed-out share price, which has arisen partly because some investors ‘short sold’ retailers. “This is the type of opportunity we want. There are very few risk-reward stories like this out there.” Questor

[jamesto2] 10/9/2020 13:46

top up when we get to 5p on results day lol

[jackson83] 10/9/2020 13:38

can't sell my holding as we have no buyer for it

[jackson83] 10/9/2020 13:35

we have been talking of a buyout for the last 10 years & nobody will touch us with a barge poll RED FLAG .... we have never received any offers ??? only talk of 15p or 20p ??? so why are we in the 6p's now ?? don't worry as long as Toby is in charge we will be rewarded with a dividend as we wait another 10 years.

[jackson83] 10/9/2020 13:30

IS THIS A DEAD STOCK ?? do we wait another 5 years to see if we can hit 8p or sell up and buy into quality stocks ??? MMX on LSE are talking all doom n gloom now.

[jamesto2] 10/9/2020 12:19

WOW only one seller today lol

[jamesto2] 10/9/2020 00:10

7am RNS..
we await the RNS telling us about the 5 year plan

[alangriffbang] 09/9/2020 21:01

Take no notice of value it’s posted on every board,

[la forge] 09/9/2020 20:31

Price (GBX)
6.70 -6.94% (-0.50)

Open / Last close
- / 6.70

High / Low
7.25 / 6.70

Bid / Offer
6.50 / 6.90

Special Condition: -
Trading Status: Market Close
FTSE AIM All-Share
As at 09.09.20 20:14:25 - All data delayed at least 15 minutes

[jamesto2] 09/9/2020 18:16

1M SOLD ... EXPECT BAD NEWS .
SOMEONE managed to dump one million shares today ... they must know something or don't wish to invest for another 5 years lol

[hotaimstocks] 09/9/2020 15:35

nobody wants my 100k shares as its NT ?

[hotaimstocks] 09/9/2020 15:32

I can buy 100k on a T2 for the same price as a T20 ? 6.84p ... thats tells me everything I need to know folks .. will wait for the 5p's again .

[jackson83] 09/9/2020 13:28

TIME TO BUY OR SELL??..
NT to sell volume ? but can BUY shed loads now... could we a whale wanting to exit again or just with no news on trading as some are expecting a profits warning lol

[transhoneyqueens] 09/9/2020 12:39

without news this will only sink down again as MMX - NT to sell 100k ? Urgent buyers now needed.

[transhoneyqueens] 09/9/2020 12:33

EXPECTED PULL BACK / PROFIT TAKING NOW..
lets not forget this has risen over 25% from end of July trading update.

[transhoneyqueens] 09/9/2020 12:31

bank the profits from buying in at 5.75p..
A profit is only a profit when you sell ..

[jamesto2] 09/9/2020 11:54

if we get a profits warning maybe top up in the 4p's ??

[hotaimstocks] 09/9/2020 11:50

keep selling as I will be a buyer at 5p

[hotaimstocks] 09/9/2020 01:26

coronavirus part 2 / world stock markets about to crash will make it an excellent time for top up in the 5p's soon as panic selling will start a run on to exit lol.

[jackson83] 08/9/2020 20:38

shocking find as upcoming deletes rise above 204,000 !!!!! RED FLAG in my book as the does now look good IMHO

[jackson83] 08/9/2020 20:00

or who will be the first to sell in the 6p's again .... what a mess porno Toby Hall has got us in again.