Supreme Share Discussion Threads

[danb45] 26/7/2024 17:48

lovely jubbly

[actscap] 24/7/2024 10:01

Other anecdotal evidence - Velo now being advertised on London underground. Don't want to behind the curve on this

[actscap] 24/7/2024 09:59

https://www.bloomberg.com/news/articles/2024-07-23/philip-morris-raises-annual-profit-view-as-zyn-pouch-sales-riseIncredible take up for pouches in the US. Anecdotally seeing a boom in the UK. Lots of stores have pouches front and centre. Could be v material new line. Hope Sandy and team respond with their usual pace and flexibility.

[danb45] 17/7/2024 22:19

https://www.theguardian.com/society/article/2024/jul/17/heath-leaders-hail-labours-plans-to-phase-out-smoking-mental-health-laws

[actscap] 17/7/2024 20:51

Certainly falls short of ban....??Wording is softer, perhaps:".....and impose limits on the sale and marketing of vapes [Tobacco and Vapes Bill]. "See https://www.gov.uk/government/speeches/the-kings-speech-2024

[actscap] 17/7/2024 20:47

But the king's speech did not include the previous government's separate ban on the sale of disposable vapes in England, which was tipped to come into force next April.In January, Starmer - who was then opposition leader - criticized the conservative government for being slow to ban disposable vapes. But there was no mention of the policy when Starmer's Labour Party published its election manifesto in June.https://www.politico.eu/article/uks-labour-to-reintroduce-tobacco-ban-but-backs-off-on-disposable-vapes/

[actscap] 17/7/2024 20:46

The U.K.'s new Labour government will reintroduce plans to ban anyone born after January 2009 from buying cigarettes - but has dropped the last government's proposed ban on disposable vapes.

[danb45] 17/7/2024 09:39

of course any ban / measures against smoking good for #SUPagreed previous Tory smoking age related measure unworkable

[actscap] 17/7/2024 09:22

Unworkable policy that was repealed in new zealand in 2024. Either way, this form of age related ban on tobacco products should boost tobacco free alternatives such as vaping and pouches. Pouches in particular seem to be doing extremely well in the US. With Philip Morris to open a 600m dollar pouch plant!Good to see 88s own brands of pouches in the coming weeks.

[danb45] 17/7/2024 09:16

smoking ban seems to be high on agenda in todays kings speech ...

[adamb1978] 16/7/2024 09:08

Yes, market forecasts are for 19.1p EPS this year and given the track record of growing the top line, profitability and generating very good returns on capital, a 10x multiple isnt at all demanding

[robbnw] 16/7/2024 08:54

Me too . I am holding an all time high and can only see the business growing .. 200p soon in our grasp. Sandy is first class

[adamb1978] 12/7/2024 16:51

No, SCSW came out early in July...was actually in June!

Not going to complain about the late rally though!

[scubadiverr] 12/7/2024 16:33

Interesting flurry of buying at the end. I'm guessing it's SCSW this weekend and someone's wanting to profit from the flock.

[sharw] 04/7/2024 10:22

Agree with wrighna1 and Kevph

I always look forward to SUP's presentations because Sandy and Suzanne always tell it as it is and not from behind a PR mask. This time the Q&A were the best ever with Hannah calling them the Buffett and Munger of the NW and then (41.30 in) the banter between Suzanne and Sandy about the amount of caution in the outlook - brilliant!

[kevph] 04/7/2024 08:44

Impressed. They admit they are conservative on their forecasts and plan for the worst. Good working partnership as well. They feel their business and very down to earth. I'm buying him as much as the company.

[wrighna1] 03/7/2024 19:32

I thought the Q&A was excellent. Management very much on top of a business that will over the next few years expand significantly. PE multiple can grow as well as underlying earnings which I think will drive significant share price appreciation over the medium to long term. Very Happy Holder

[edmonda] 03/7/2024 16:04

Supreme plc - video recording - Investor Presentation (FY Results)- 2 July 2024

Link to full video:

Sandy Chadha (CEO) and Suzanne Smith (CFO) of Supreme plc hosted an Investor Presentation covering details of their results for the year ended 31 March 2024. These included strong trading across FY24 in all divisions, and almost doubling of profitability overall.

Management highlighted record levels of cash generated from operations, and ending the year bank debt-free. The team discussed the recently-announced acquisition of Clearly Drinks, which provides product diversification and is immediately earnings enhancing. Finally, Supreme touched on the continued positive trading momentum into the first quarter of FY25, and answered a range of questions submitted from viewers.

The full video is dividend into chapters as below:
0:00:03 Introduction to Supreme and key investment highlights
0:05:39 Financial & Operation highlights
0:09:01 Vaping
0:16:43 Sports Nutrition & Wellness
0:17:56 Lighting
0:19:09 Batteries
0:20:05 Ark, Trafford Park
0:21:51 Clearly Drinks acquisition
0:26:53 Financial Summary
0:31:44 Outlook
0:32:51 Questions & Answers

[kevph] 02/7/2024 11:40

Your last two sentences make a good point. An absolute boat load of cash will allow significant investment in diversification should the worse come to pass. Fast forward 5 yrs, this is going to be a much bigger business if Sandy doesn't sell out first. The traders will have their fun, this is a tuck away for me. GLA

[c3479z] 02/7/2024 10:51

rampy statement I thought too much emphasis on adjusted EBITDA and doesn't mention like for likes given the acquisitions during the year, until much further down in the statement,
a major threat is the 2026 ban on disposable vapes, about 30% of their turnover: should there be a change of gov't this could be brought forward?
competition from those selling in the full knowledge that the consumer is under age and illicitly always likely to be a problem,
they're looking to diversify further their product range by the sounds of it
all-in-all the low p/e seems justified even given the cash generative nature of the business....

[podgyted] 02/7/2024 10:28

Possibly.

But SUP said :-

"Supreme forecasts FY25 to be another profitable and highly cash-generative year for the Group. Having made a positive start in Q1, the Group is trading comfortably in line with current market expectations (5)."

(5) "Analyst consensus immediately before this announcement for the year ending 31 March 2025 was revenue of £242 million and Adjusted EBITDA1 of £36.9 million."

Sold out this morning to see how it develops.

[boonboon] 02/7/2024 09:28

I expect brokers haven't updated their forecasts yet.

[s34icknote] 02/7/2024 09:14

P e of 8 , not on a growth rating !

[farukequity] 02/7/2024 08:37

Sold out also after good run-up.FY24 adjusted EBIDTA £38M but guiding FY25 to ~£37M, even after the acquisition of Clearly Drinks? Where's the growth?

[johndoe23] 02/7/2024 08:10

Excellent results but it had run up a lot.