Supreme Share Discussion Threads

[adamb1978] 13/2/2024 09:05

They're within the 105% limit so they can buyback shares now. Keeping to round numbers, if they aim to do £100k per month then thats £5k per day or 4k shares. Given the trading volumes here, that is actually material. You could even argue that share buybacks are counterproductive as they take out liquidity

[basem1] 13/2/2024 08:55

Stock is mega tight I can sell a large holding for 123.25 but cannot buy any at 125

[basem1] 09/2/2024 08:57

They need to get on with it as stock seems tight Wonder if they can do some off the book - behind the scenes deals to get some bought back

[adamb1978] 08/2/2024 13:20

I think I'm right in saying that there is a 105% rule so its possible that they cant buy back shares at the moment but can in a few days time

[basem1] 08/2/2024 12:26

I would love to know how much free stock there is for Shore to get there hands on Sandy has 57% of the company Slater investments are here too with over 4% None bought back as yet

[basem1] 07/2/2024 10:57

Negotiated trade now at 120p for as little as 5000 shares Going blue very soon Market seems extremely short of stock at present

[basem1] 07/2/2024 08:28

None bought back yesterday ?

[basem1] 06/2/2024 22:05

Very interested to see the quantity bought back today in the morning Hope they have not all been bought today

[wrighna1] 06/2/2024 19:07

Big prints at end of day. Two lots of 380k at over the odds.

[basem1] 06/2/2024 08:37

The market is maybe not going to make it easy to acquire stock

[basem1] 06/2/2024 08:01

Buying shares is an art form in itself you don't just sit there and hit the buy button Willy nilly

[basem1] 06/2/2024 08:00

Let's hope shore capital do not put the office junior in charge of buying the shares back The buyback at Tremor was a right mess. Far too higher prices paid for the shares hundreds of thousands of pounds wasted

[basem1] 01/2/2024 10:11

Hopefully we can kick on from here the update was amazing and broker targets are almost double the price Coupled with a nice dividend yield and the forthcoming buyback there is an awful lot to like here

[edmonda] 30/1/2024 13:52

"Trading update: an excellent quarter" - full PDF research report (free & accessible) is here:

In a Trading Update for the 3 months to 31 December 2023, Supreme reports “excellent trading performance” during its traditionally busiest quarter, leading to the expectation that FY24 revenue should be at least £225m with (adj.) EBITDA of at least £38m (our estimates were £221.2m and £33.5m). Supreme highlights in particular the success of ElfBar distribution revenue and the Vaping division as a whole, plus growth in Sports Nutrition & Wellness.

The Group also notes the UK Government decision to ban disposable vaping devices and will work to manage a seamless transition to alternative ‘pod’ devices which retain a major role in reducing tobacco smoking.

Supreme also announced a £1.0m share buyback programme to be conducted over the coming three months. Our Fair Value remains 225p/share.

[essential] 29/1/2024 19:09

Little top up at 92 this morning worked well

[topvest] 29/1/2024 18:25

Yes, very good - balance sheet should be transformed with these results. A bit of a rollercoaster day here. Smallcap illiquidity!

[basem1] 29/1/2024 15:32

Well I am very pleased I could not sell at a pound this morning Well done the management Stellar stuff Looking to add again now

[brummy_git] 29/1/2024 15:31

Nice to see FMCG products firm Supreme upgrade FY'24 guidance - despite today's proposed ban by the UK government on disposable vapes.

All the details here.

[cestnous] 29/1/2024 15:25

They will easily be able to afford the buyback from the pre ban sale spike in disposables. I continue to be impressed with the commercial acumen of the board of directors.

[adamb1978] 29/1/2024 14:56

I assume they were planning to put out an announcement this week but then felt the need to hurry it out today given the news.

£9m EBITDA at risk isn't a lot if more than half will come back as they suggest. Means its at most 10% of their EBITDA at risk

[danb45] 29/1/2024 14:50

that's some swing !

[johndoe23] 29/1/2024 14:50

Sneaky update, but good...

[hericsaba] 29/1/2024 14:50

Wow, great turnaround news...

[adamb1978] 29/1/2024 11:03

A close around 100p would put the price in line with the early Oct 2022 low and then Sept 2023 low. Will be nice to settle not below that. There's a clear upwards sloping channel on the chart going back to the Oct 2022 point

[adamb1978] 29/1/2024 10:33

Markets love good news, and can accept bad news. Worse is uncertainty as it creates a buyer's strike