Supreme Share Discussion Threads

[joe say] 28/11/2023 07:26

wow - just wow

[brummy_git] 28/11/2023 07:21

Blockbuster H1 numbers today from FMCG group Supreme, alongside upgrading FY24 guidance by around 15%.

All the details here.

[purplepelmets] 28/11/2023 07:20

Divi increased 88% off for a cold shower

[dougmachin] 28/11/2023 07:19

Whoop whoop !!

Pre-tax profit up 179% to GBP12.3 million (H1 2023: GBP4.4 million)

Come on, let's get back to something reasonable, like 140p ++

[boonboon] 28/11/2023 07:13

Fantastic results and another upgrade.

[purplepelmets] 28/11/2023 07:12

Holy Moly! Stonking half year results

[gb904150] 24/11/2023 15:08

I topped up some more ahead of the interims next week.

Last TU suggests SUP is flying and each time they report the figures people realise how cheap it is.....followed by the FUD of 'banning vaping' which batters it down again. I just don't see a ban happening and extra regulation helps SUP and deters new entrants. SUP are an efficient consolidator and have the firepower to conform to any new regs.

Meanwhile they grow their number of users and actually make a profit from selling vape products, something that big tobacco could only dream of.

A general rule of thumb is that 1ml of e-liquid is about equivalent to 20 cigarettes. So, 10ml would be 200 cigarettes.

Heavy smoker might get through 10ml in a day. 10ml is the hero product. £1.
So a heavy smoker gets through £7/week.

vs cigarettes. £12/pack. £84/week.

So there is a major trend to move from smoking to vaping for both health and economic reasons. The cost of living crisis means smokers will become vapers.

[actscap] 24/11/2023 11:09

https://www-bbc-co-uk.cdn.ampproject.org/c/s/www.bbc.co.uk/news/uk-england-humber-67488523.ampA hospital is handing out free vapes in an attempt to persuade staff and visitors to give up smoking.The "Swap and Stop" initiative was held outside Hull Royal Infirmary.Recent figures show that more that one in five people in Hull are smokers, the second highest rate in England.Wendy Krstenic, Nurse Director at Hull University Teaching Hospitals, said despite the hospital being smoke free since 2006, many people still struggled to kick the habit."This new supportive approach gives people the opportunity to try a less harmful alternative to tobacco, rather than just telling them not to smoke, which we know doesn't work," she said.

[actscap] 24/11/2023 09:50

Stumbled across this from New Zealand....https://www.newshub.co.nz/home/politics/2023/11/election-2023-national-act-and-nz-first-s-coalition-agreement.htmlLooks like New Zealand's new government is going to repeal the generational ban on tobacco sales, and reform re. Sales of wider vaping products. Ban on disposable vapes still holds I believe. This may point to a possible softening in the UK, although wishful thinking at this stage.

[actscap] 11/11/2023 19:34

Nothing explicit mentioned on being subject to higher taxes, but implied by the price increase point.

[actscap] 11/11/2023 19:32

Here's the speech:https://www.gov.uk/government/speeches/the-kings-speech-2023Key part on smoking/vaping:My Government will introduce legislation to create a smokefree generation by restricting the sale of tobacco so that children currently aged fourteen or younger can never be sold cigarettes, and restricting the sale and marketing of e-cigarettes to children.Link to consultations https://www.gov.uk/government/news/government-drive-to-phase-out-smoking-and-tackle-youth-vaping-attracts-large-responseProposals being consulted on include: making it an offence for anyone born on or after 1 January 2009 to be sold tobacco products restricting the flavours and descriptions of vapes so that vape flavours are no longer targeted at children - we want to ensure this is done in a way that continues to support adult smokers to switch to vapes regulating point-of-sale displays in retail outlets so that vapes are kept out of sight from children and away from products that appeal to them, such as sweets considering restricting the sale of disposable vapes, which are clearly linked to the rise in vaping in children. These products are not only attractive to children but also incredibly harmful to the environmentregulating vape packaging and product presentation, ensuring that neither the device nor its packaging is targeted to children considering restricting the sale of disposable vapes, which are clearly linked to the rise in vaping in children. These products are not only attractive to children but also incredibly harmful to the environment exploring further restrictions for non-nicotine vapes and other nicotine consumer products such as nicotine pouches exploring whether increasing the price of vapes will reduce the number of young people using them introducing new powers for local authorities to issue on-the-spot fines (fixed penalty notices) to enforce age-of-sale legislation of tobacco products and vapes Supreme are taking proactive steps on many of the above points re. Pos displays, plain packaging, selling to established retailers etc.

[lennonsalive] 10/11/2023 12:39

Was any of that in the kings speech?

[eeza] 07/11/2023 19:46

Ban on flavoured vapes & tax hike being considered.

[actscap] 25/10/2023 21:30

Article on zero nicotine vapesFilmed at supreme. https://www.itv.com/news/2023-10-23/many-zero-nicotine-vapes-contain-high-levels-of-nicotine-itv-news-finds

[actscap] 20/10/2023 15:22

The new sci-mx website is live. It looks excellent!Think we're seeing the foundations of a v strong brand emerging here. I've been impressed with the range of stores stocking sci-mx. I imagine sci-mx will steadily grow.... The nutrition market is expanding and I believe sci mx is strong enough to start taking market share from the likes of myprotein. It's certainly positioned at a much better price point. Exciting times and great to see the company progressing.

[bobaxe1] 19/10/2023 11:29

Rerate common !//

[actscap] 19/10/2023 09:31

https://news-sky-com.cdn.ampproject.org/c/s/news.sky.com/story/amp/vape-maker-supreme-to-ditch-bright-coloured-products-and-rename-flavours-to-deter-underage-use-12987011

[kalai1] 18/10/2023 14:29

Supreme plc issued a trading update for the 6 months ended 30th September this morning. Trading is in line with management’s expectations for FY24 revenue of around £195 - £205 million and Adjusted EBITDA of approximately £28 - £30 million. This would equate to FY topline growth of 28% and adjusted EBITDA growth of over 50%. The Elf distribution opportunity has exceeded initial expectations and contributed to around half of the reported revenue and gross profit growth in the Period. Profitability ratios are high, the balance sheet is solid. Valuation also looks very attractive with forward PE ratio at 6.9x top quartile for the sector, dividend yield at nearly 3.6% is decent too. Share price lacks positive momentum, there is no rush to buy. But SUP is certainly worth monitoring for the longer run...

...from WealthOracle

[danb45] 18/10/2023 08:22

Gotta be a good thing pre-empting any measures against under age vaping, must strengthen any possibility of supplying the NHS if vapes are prescribed at some point ?

[edmonda] 18/10/2023 07:35

Positive trading update and vaping safety measures - new note & audio summary:

In a Trading Update for the six months to 30 September 2023, Supreme reports strong performance in line with a consensus market (adj.) FY24 EBITDA outlook of £29.0m; matching our estimates. The Group expects H1 24 revenue of above £100.0m (+55%YoY) and (adj.) EBITDA of at least £15.0m (H1 23: £8.1m). Previously, to accompany the 26th September AGM, the Group indicated FY24 revenue of £195m-£205m, and (adj.) EBITDA of £28m-£30m, leading to an increase in our (adj.) EBITDA outlook of 13%. Supreme reports that the Elf distribution agreement has exceeded initial expectations, contributing c.50% of H1 revenue and gross profit growth, whilst all of the other four Business Categories have reported both revenue and profits growth. The Group has guided to FY24 revenue from the Elf opportunity of c.£40.0m and a contribution to (adj.) EBITDA of c.£4.0m.

At the AGM, Supreme had reiterated its awareness of concerns surrounding youth vaping in the UK. The Group has now announced an eight-point series of measures and recommendations designed to “ensure its owned brands do not create any interest from underage vapers” (full details in the body of the note).

Following our recent AGM upgrade, our estimates remain unchanged and Fair Value remains at 200p/share, indicative of a FY24 EV/EBITDA of 8.2x.

[brummy_git] 18/10/2023 07:11

Strong H1 trading alongside a host of new initiatives today from FMCG products group Supreme in order to stamp out underage vaping and improve the industry's environmental footprint.

All the details here.

[actscap] 17/10/2023 17:15

Goes without saying this demonstrates management again backing up what they're saying. They say something. They go and do it. They want to grow nutrition, health and wellness. They expand product range and market more heavily. I'd be surprised if an acquisition doesn't follow later in the year. It's a similar approach that Darcy has over at CARD. Set out what you're going to do. Go and do it. Rinse and repeat.