Supergroup Share Discussion Threads

[dlku] 05/11/2015 11:37

SuperGroup (SGP.L)
Investec Securities
Price: 1495p | Target: 1850p | Rec: Buy

We believe SuperGroup’s global growth opportunities continue to be undervalued and see material opportunity to improve UK profitability. BUY

[market sniper1] 05/11/2015 11:28

In addition, Supergroup reported higher than expected gross margins for the first half of the year due to strong high margin retail sales. And, with its bottom line due to rise by 12% in the current year and by a further 17% next year, its PEG ratio of 1.1 indicates that now could be a good time to buy a slice of it.

[market sniper1] 05/11/2015 11:26

SGP SuperGroup

Comment from the TMF..................

Also releasing an update today is fashion brand Supergroup (LSE: SGP). Its sales for the first half of the year increased by 22% versus the same period last year, with the company recording strong growth from both its retail and wholesale operations. The opening of 14 new stores during the period is further evidence that the company has clear expansion potential as it seeks to develop a true lifestyle brand, with its focus on improving infrastructure and on developing new and innovative product lines appearing to offer a clear path to long term growth.

In addition, Supergroup reported higher than expected gross margins for the first half of the year due to strong high margin retail sales. And, with its bottom line due to rise by 12% in the current year and by a further 17% next year, its PEG ratio of 1.1 indicates that now could be a good time to buy a slice of it.

[dlku] 05/11/2015 10:47

16 December 2015
2016 Interim Results


Put that date in the diary

[dlku] 05/11/2015 10:41

All that new space . Christmas is gonna be a juicy fat roasting goose for Euan Sutherland and Dunkerton


£80,000,000 cash also - so looking for special dividends

And Ted baker and Burberry have shown what can happen on a global scale.
The Group continues to be successful in securing new owned retail space in Germany and is making progress in resetting the North American operation and in the set-up of the China JV with Trendy International Group.

[dlku] 05/11/2015 10:39

Telegraph

SuperGroup in style as sales jump almost a quarter
Company behind the trendy Superdry label grows estate ready for Christmas peak trading

[market sniper1] 05/11/2015 10:39

Hoping to get a full broker note, but not sure if ill get it through here in IBIZA, connection has been dodgy all week.

[market sniper1] 05/11/2015 10:38

Good point dlku, press tomorrow should keep the momentum going here.

[market sniper1] 05/11/2015 10:37

05 Nov 2015 SuperGroup PLC SGP Peel Hunt Buy 1,588.00 1,482.00 1,600.00 1,600.00 Reiterates

[dlku] 05/11/2015 10:36

Breakoiut

would be nice to get press and this go up another 100p tomorrow

[marcu saurelius] 05/11/2015 10:11

And yes, they said dividends coming
Thats going to add a huge amount of instittional investors who only buy companies with dividends

[scottishfield] 05/11/2015 10:10

I added yesterday, which is nice. Will do so again.

[aim999] 05/11/2015 09:48

Shares are always going to be up giving us a heads up on next year... Have they got the years mixed up?

[market sniper1] 05/11/2015 09:47

SGP Supergroup

Hargreaves Landsdown .........imply profit to BEAT full year expectations and considering SPECIAL Dividends

HL COMMENT (5 NOVEMBER 2015)

The latest trading update from Supergroup shows further strong Like-for-like (LFL) sales growth of 15% on top of a strong pace of new store openings, leading to retail sales growth of 30%. Gross margins are ahead of expectations, suggesting a good H1 profit outcome, albeit against weak comparatives. Wholesale performance shows growth of +8%, even after a negative currency impact. The shares rose by over 3% in early trading.

Second half comparatives are tougher, but the Group enters the period with £80m of net cash, up £13m since year end. Range development sees focus on womenswear and new Sports and Snow categories launching. Full year profit is expected to be in line with expectations, though some will interpret today's statement as a nudge upwards.

Space growth continues, with 11 stores opened, 8 overseas. The group is adding to its German portfolio and developing its Chinese joint venture. The resetting of the US business is underway, after an earlier hiccup.

Our view:

First half trading shows Supergroup trading well and confidently executing its strategy of expanding the international store base, as well as further building out the UK estate.

Fashion is intrinsically risky; the more fashionable a retailer is trying to be, the more risks it has to take that its customers will look at the clothes and shudder. Get it right though, and the frocks fly out of the shops at outrageous price tags.

SuperGroup had a few wobbles in the early years after listing. A relatively young, fast growing business, it quickly ran into growing pains as its infrastructure struggled to keep pace with demand. Management was also tested and eventually, CEO and co-founder Julian Dunkerton handed over the reins to Mr Sutherland, in order to concentrate on the branding and design. That's left the creative side of the business under the control of someone who clearly has flair, with a retailer accustomed to running a large, complex business in charge of the mechanics. That makes a lot of sense to us.

The group has £80m of net cash and aims to start paying dividends in the current year. Analysts are penciling in a payment of 20.0p for FY16, which equates to a yield of 1.3% (variable and not guaranteed). The group will also consider special dividends and share buybacks as a way of returning excess cash to shareholders.

Fashion can be risky, but the Superdry brand has shown it can travel well and the business is still immature. Growth through new openings, or buying in franchisees should be capable for some time to come. So long as Mr Dunkerton keeps sending the right outfits down the catwalk.

[dlku] 05/11/2015 09:15

last chance under 1600p

[dlku] 05/11/2015 09:12

hold on till 25 quid lads

[market sniper1] 05/11/2015 09:11

Be careful with the oilys.

[dlku] 05/11/2015 09:09

thanks mate and thanks for the heads up on BWNG thats a monster too

getting to wade into oilers PMO, TLW and ENQ in due course, got an early probe installed

[market sniper1] 05/11/2015 08:58

WOW dlku, youve called some stonkers of late, well done.
Your a natural genius.

[market sniper1] 05/11/2015 08:56

SuperGroup first half revenue up 22%
Thu, 05 November 2015

SuperGroup first half revenue up 22%

(ShareCast News) - Clothing retailer SuperGroup said sales were up 22.4% in the first half but warned that comparatives throughout the second half are more challenging.
Sales in the first half to October 24 rose to £254.9m on the back of positive growth in existing retail and wholesale channels and a healthy new store pipeline.

Total revenue in retail was up 30.9% to £172.2m, while wholesale revenue increased 8% to £82.7m. It said the wholesale division continues to perform well notwithstanding the impact of sterling strengthening against the euro.

The company said positive sales momentum continued in the period, particularly within e-commerce, delivering retail like-for-like growth of 15.5% in the quarter, albeit against weak comparatives in full year 2015.

Net cash at the end of the period was £80m, compared with £67m in the same period a year ago.

In addition, the company said gross margin in the first half is expected to have strengthened, ahead of guidance for the full-year, thanks to the strong participation of higher margin retail sales.

Chief executive Euan Sutherland said: "The group traded positively throughout the first half of FY16.

"With a successful first half completed, the business is well placed for the all-important peak season and we remain confident of delivering full year profits in line with our existing guidance although comparatives throughout the second half are more challenging."

At 0821 GMT, SuperGroup shares were up 3.6% at 1,535p.

[dlku] 05/11/2015 08:55

25 quid cometh

[chester] 05/11/2015 08:51

Breakout...

[marcu saurelius] 05/11/2015 07:55

SGP will definitely achieve cult status as a share both from the brand and the stock performance imo.

I reckon you probably want to sell these in 2 years time at £40 when thee's 500 posts here a day. As yet it has not had the press conerage or got the exposure for anything like the full investment community to be aware of them imo.