Supreme Share Discussion Threads

[bladey] 10/5/2022 14:16

Defo a seller ... expecting a TR1 soon as it's quite a few that have been flushed through!

[aishah] 10/5/2022 08:16

Clearly mispriced imo based on today's statement. Added at the open

[nw99] 10/5/2022 08:08

Might be time to buy

[johndoe23] 10/5/2022 07:48

Reassuring update this morning

[johndoe23] 09/5/2022 11:34

Hopefully. Clearly a large seller in the background here

[dougmachin] 09/5/2022 10:56

Well picked up AISHAH. Not great news as such big sells.
Maybe that's what's been driving the share price down.
Hopefully the end of it.

[aishah] 09/5/2022 10:32

Big trades gone through earlier:
May 9, 2022 09:43:29 134.50p 1,139,046 £1,532,016.87
May 9, 2022 09:42:49 134.50p 250,000 £336,250.00
May 9, 2022 09:42:42 134.50p 864,046 £1,162,141.87

[robbnw] 09/5/2022 08:45

Im adding to both this am per SCSW

[actscap] 09/5/2022 08:32

https://www.cityam.com/morrisons-ups-offer-to-bail-out-mccolls-in-bid-to-claw-chain-back-from-asda-owning-rivals/

[robbnw] 07/5/2022 18:58

Me too Couldn't agree more

[gb904150] 06/5/2022 17:05

The price/sales is about 1.3, whether that is 'high' or 'low' depends on how good the margins are and how sustainable you think they are.

In HY 22 profits were £18m on £61m turnover. So GM's were 30%.

SUP trades on around 10x forecast earnings for 2022.

I think they're pretty good value for one of the most efficient operators in the business. A low cost, consumer champion with an efficient vertically integrated platform that can integrate new brands/ideas quickly.

I think 88vape's market share already justifies the Mcap of £162m.

The telling thing will be whether they can pass on price rises to customers. I would say the inflationary environment favours the small, agile, low cost operator like SUP rather than the big conglomerate types with big overheads.

If you pay £1 for 10ml of 88vape liquid, approx enough for 1 weeks vaping...is it really a big deal if the price goes to £1.50? Even £2? If all the alternatives suppliers are priced at £3-4 I think people would happily stomach the rise.

In relation to your other costs, £1.50 or £2 for a small pleasure is pretty minimal.

What if you're a smoker? Smoking 4 packs a week. £50. I think vaping become more attractive, not less.

[hybrasil] 06/5/2022 10:19

Is it not valued at about 10% more than turnover?
Is this not high for such a company?

[bladey] 05/5/2022 21:44

@ACTSCap, I thought the same thing with regards to McColls, but as far I'm aware they're, (whoever takes over, whether thats Morrisons or TDR Capital, assuming it goes that way), they'll honour previous branding and contracts.

Yet still, it may have a significant effect to us for now until it's made clearer, and certainly the timing matches with us, as McColls is, I believe, one of the biggest end stockers of Vape material in terms of store chains!

[actscap] 05/5/2022 19:58

Wonder if the crisis at mccolls is having some knock on effects here... although not sure why given what was said by Sandy on the call re. contract with Morrisons.The low volumes traded don't help share price either.

[shanklin] 05/5/2022 09:42

All the above is true but it would certainly have helped had SUP achieved broker forecasts and proved it has pricing power.

[tonytyke2] 05/5/2022 09:35

Yep agree Hydrus, Simon Thompson indicated in his recent coverage.....'They are hardly discretionary spend either. If anything, the cost of living crisis should drive more customers to discount retailers to save on their retail purchasers'.He indicated a buy rating at an share price of 159p, whilst indicating the de-rating was overdone. I have added.

[hydrus] 05/5/2022 09:23

Perhaps it is institutional selling. SUP now looks really good value on a longer term view. Their products are ideal in a recessionary environment anyway as quality at a lower price point.

[johndoe23] 04/5/2022 12:31

Yes, could be forcing price down to fill an order or two. Some decent size buying today nonetheless...

[bladey] 04/5/2022 10:38

Are one of the II's reducing their position? Can't really understand this drip selling as the forecast is really quite good for the company. We saw on the 28th of April of an II, (MONETA ASSET MANAGEMENT SAS), increasing their stake.

Maybe the price being kept at these levels due to the same II ordered a large stake at current share price levels. Seems to more or less even up day end.. odd to say the least.

[dougmachin] 04/5/2022 09:43

WTF. 13 PI trades.
A big sell coming in???
Need to time the bounce...

[johndoe23] 04/5/2022 09:15

Market makers dropping the share price on a handful of pi sells. Certainly a lot of fear out there!

[dr biotech] 01/5/2022 09:58

hxxps://videos.voxmarkets.co.uk/moment/34074/fallen-angels-supreme/


Short bit about Sup.

[topvest] 29/4/2022 15:11

Yes, I hold both. They are similar and both led by intelligent fanatic iconoclasts. Both will be multi-baggers medium term in my view.

[actscap] 29/4/2022 09:23

Really good results from UPGS. Posting as not dissimilar to SUP operationally.