Superdry Share Discussion Threads

[opodio] 16/1/2018 12:02

rise gathering strength

[tjbird] 15/1/2018 09:11

Consistent with our dividend policy, we announce today an interim dividend of 9.3 pence per share (1H17: 7.8 pence per share), being one-third of the FY17 full year dividend. This will absorb an estimated £7.6m of shareholders' funds. The interim dividend will be paid on 26 January 2018 to shareholders on the register of the close of business on 19 January 2018.


Dividend lads

[tjbird] 11/1/2018 14:13

Special dividends on the horizon. We forecast significant growth in free cash
flow from an average of £14m pa over the past three years through the build-out
phase to an average of £86m pa over the next three years in the ‘reap’ phase. If we
assume management intends to retain a cash buffer of £100-120m, this leaves
>£200m for shareholder distribution from FY18-20. Of that, £86m funds our
forecast ordinary dividend, implying £120m is available for special dividends,
and that would be an ongoing annual special of c£60m+ assuming there is no
other investment priority.

[aishah] 11/1/2018 11:55

All on track here. Some profit taking. Time to add more imo. Peel Hunt BUY, 2300p target

[tjbird] 11/1/2018 11:10

Jack Torrance
10 JANUARY 2018 • 3:33PM
Superdry is pinning its hopes on China and womenswear as it bids to maintain a strong run of growth.

The fashion brand’s revenues soared 20pc to £402m in the 26 weeks to October 28, boosted by strong sales of down jackets and an expanded snow and ski range.

But its shares dropped as much as 10pc today after analysts pointed to a slowdown in growth in the run-up to Christmas. Sales at stores open more than one year climbed 4.7pc in the 10 weeks to January 6, compared with a 14.9pc surge the year before.

Euan Sutherland, chief executive, said that womenswear, which currently accounts for around 36pc of Superdry’s revenues, was the firm’s “single biggest opportunity” for future growth, while he also sees “huge” potential in China.

The brand currently has 14 stores in the country owned by its joint venture with Trendy International Group, and plans to expand through franchised stores and online sales via a shop on the Alibaba-owned site Tmall.

Superdry also hopes to cash in on growing demand for sportswear after inking a deal to become official clothes supplier to the UK's team at this year's Invictus Games.

Mr Sutherland shrugged off the early slide in Superdry’s share price, suggesting investors were profit-taking after the shares gained 28pc since it outlined its new strategy in September.

Euan Sutherland
Superdry boss Euan Sutherland
Pre-tax profits, meanwhile, fell 28pc to £9.1m after it took a £15.9m hit on its foreign exchange hedging strategy. Stripping out that and other exceptional costs, profits grew 21pc to £25.3m.

Superdry, which ditched its old corporate name SuperGroup earlier this week, opened 91 stores in the 26-week period, 23 of its own and 68 franchised and licensed outlets.

Mr Sutherland said the board was confident of delivering full-year profits within analyst expectations of £97.7m to £100.6m.

Peel Hunt analyst John Stevenson said: “Superdry remains one of our top picks, offering a clear global growth story and increasingly strong levels of cash generation.”

The strong performance from the retail chain appeared to defy gloomy forecasts of high street trading. Industry data earlier this week suggested that non-food retailers had struggled during the Christmas period.





Bought back in

[the white house] 10/1/2018 13:32

A line I noted/disliked was re expansion of store area of 13.9 pc resulted in an increase in sales of 3.1 pcI nor the local sales staff cannot explain why, when banging on about being digital kings etc they have discontinued the app I used to use via iPhone when Next, Zara, Boohoo & even Wetherspoons are improving theirs? Why?

[che7win] 10/1/2018 13:10

A slight overreaction to solid, if not knock out results.

[trigger16] 10/1/2018 11:18

There are a few negatives - FX hedging losses, slowing growth and reduced retail margin though overall story still looks OK.

Bit puzzled about the very positive reaction to Ted Baker’s in line trading update though... it is very similar in many respects but seems to be growing slower than SDRY. Can anyone cast light on this?

[shammytime] 10/1/2018 07:43

Positive results.

[letsgetbizzay] 09/1/2018 20:41

Greetings everyone, looking forward to tomorrow and the rest of 2018

[the white house] 09/1/2018 19:02

Meet the new boss, same as the old boss

[trigger16] 09/1/2018 15:41

Thanks for setting up the new page shammytime. Is it possible for you to add a daily price chart as well as the long term one to the header?

[che7win] 09/1/2018 13:43

Nice to be here.

[shammytime] 09/1/2018 10:42

Superdry is born. The dawning of a new era that will take the share price to 2500 this month.