Chart targets £12, then £16 put up the chartMay getthere to £16 quite quick on chartimho, dyor
Investec 1420p target SuperGroup (SGP.L)Price: 1039p | Target: 1420p | Rec: Buy
SGP BREAKOUT FROM PENNANT SGP Supergroup SP broken out from a very bullish pennant formation. Resistance at 1090p and 1150p should be taken out med term. [link]
Sold Free shares at 10.35 Decided to raise cash level and banked the profit.
Re: SGP................... BREAKOUT Hi Oldjoe1Thanks for posting - Yes agree I am watching 10.09 then 10.47GLTA
Re: SGP................... BREAKOUT SGP Supergroup, ascending bullish top triangle/pennant developed, hopefully we take out the 200 day EMA in 48 hours ....... looking for 1050p first target. [link]
SGP Broker Recos........ Date Broker Rec. Price Old target price New target price Notes19 Jan 15 Berenberg Buy 971.25 1,160.00 1,160.00 Reiterates14 Jan 15 Berenberg Buy 971.25 1,160.00 1,160.00 Reiterates14 Jan 15 Canaccord Genuity Buy 971.25 1,000.00 1,000.00 Retains14 Jan 15 Investec Buy 971.25 1,000.00 1,030.00 Reiterates14 Jan 15 Cantor Fitzgerald Buy 971.25 1,000.00 1,000.00 Reiterates09 Jan 15 Investec Buy 971.25 1,000.00 1,000.00 Reiterates19 Dec 14 Investec Buy 971.25 1,000.00 1,000.00 Reiterates18 Dec 14 Canaccord Genuity Buy 971.25 1,000.00 1,000.00 Retains
SGP................... BREAKOUT 19 Jan 2015 SuperGroup PLC SGP Berenberg Buy 922.75 903.50 1,160.00 1,160.00 ReiteratesSP TARGET 1160p
Re: SGP, Valuation Undemanding..... SGP Super Group.... another on the verge of a breakout. 15% increase in sales over xmas. Keep on the red hot list.[link]
SGP, Valuation Undemanding..... <b>Investec says Supergroup's valuation "undemanding" given growth potential</b>14 January 2015 10:16A return to strong positive like-for-like (LFL) sales growth in the third quarter at Supergroup "should be welcomed" by the market, according to Investec which lifted its target price for the fashion retailer on Wednesday.The broker, which lifted its earnings estimates for the firm, upped its target for the shares from 1,000p to 1,030p and reiterated its 'buy' recommendation.Following on from a 4.2% drop in LFL sales in the second quarter, Supergroup said LFLs improved by an impressive 12.5% in the 11 weeks to 10 January."Whist up against a soft comparable, the strength of growth is likely to surprise, as well as the fact that there has been a material acceleration in estimated two-year LFL [run rate] to at least double digit, from Q2's +3.3%," said Investec analyst Kate Calvert.She said that the retailer's performance was "consistent" across mens and womenswear as well as the UK and Europe.Investec has raised its profit before tax forecast for the fiscal year ending 30 April by 3.4% to £62.5m.This remains in line with the company's guidance of £60m-65m, with Calvert saying that strong sales will not directly benefit profits as they will be partially offset by foreign exchange movements, bad debt with a big wholesale customer, costs and tactical issues."Valuation looks undemanding for a business capable of delivering consistent double-digit growth given the longer term opportunities, both within the UK and Internationally," the analyst said."More consistent delivery should drive a re-rating over time."The stock was up nearly 10% at 891.5p by 10:57.Related Companies: SGP
NEW ARTICLE: An end to SuperGroup's dry spell? "After a grim 2014 littered with weak sales and profits warnings, LSE:SGP:SuperGroup's hopes of staging a recovery before year-end were pinned firmly on the crucial festive season. Thankfully, Christmas went well, helped by a cold snap after the ..."[link]
Strong Company set for rise £14 on later in year
Re: No Confidence In CEO sorry "buy price" -- not "by price"Games - sloppy of me that
Re: No Confidence In CEO "SELL 350 target(autumn)"Interesting that was my by price in:-24-Apr-2012 Buy 2843 349.64p edit | deleteand my sell was :-10-Oct-2013 Sell 2843 1,047.00p edit | deleteI'd have some back again at 350 -- can you bell me when it gets there LG?Games
Re: No Confidence In CEO Boo directors and non exec put their own money into the businesswhere is yours Euan - draining the the business just another journeyman who will stay 2 years - commission numerous strategic reviews that others complete Just another Mrs Green - death by strategy reviewput your money into this business and others will followw