Supergroup - Live Discussion

oldjoe1 05 Nov 2015

Re: NEW ARTICLE: SuperGroup shares double on... SGP SupergroupLONDON HIGHLIGHTS at close 05/11/2015SuperGroup (SGP) strutted 9.04% higher to 1616p on a positive H1 trading update, confirming strong retail like-for-like sales momentum in Q2. It reported 17.2% growth in retail like-for-like sales for H2 and says gross margins were tracking ahead of FY hopes.

oldjoe1 05 Nov 2015

SGP Investec, Update.......... Supergroup PLC Given New GBX 1,850 Price Target at Investec (SGP)November 5th, 2015Supergroup PLC (LON:SGP) had its target price increased by equities research analysts at Investec from GBX 1,450 ($22.37) to GBX 1,850 ($28.54) in a research report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Investec’s price target would suggest a potential upside of 22.56% from the stock’s current price.In other Supergroup PLC news, insider Holder,James sold 264,900 shares of Supergroup PLC stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of GBX 1,510 ($23.30), for a total transaction of £3,999,990 ($6,171,871.62).Shares of Supergroup PLC (LON:SGP) opened at 1592.540 on Thursday. Supergroup PLC has a 12-month low of GBX 750.00 and a 12-month high of GBX 1,602.80. The stock’s 50 day moving average is GBX 1,401.50 and its 200-day moving average is GBX 1,300.22. The company’smarket capitalization is GBX 1.29 billion. Several other research firms have also commented on SGP. RBC Capital restated an “outperform” rating on shares of Supergroup PLC in a report on Monday, July 13th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,100 ($16.97) price target on shares of Supergroup PLC in a research note on Wednesday, September 2nd. Canaccord Genuity raised their target price on shares of Supergroup PLC from GBX 1,145 ($17.67) to GBX 1,627 ($25.10) and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 1,280 ($19.75) price target on shares of Supergroup PLC in a report on Monday, September 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,371.11 ($21.16).SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers accessories and clothing. The business is the owner of the Superdry brand, which is a lifestyle brand that provides footwear, accessories, clothing and cosmetics. It operates in three sections: Retail, Wholesale and Essential Cost. Superdry has over 135 United Kingdom and European standalone retail stores and operates from a portfolio of concessions, franchised and licensed shops. Superdry is sold in over 100 countries, through its store portfolio and Websites. Superdry offers polo shirts, tshirts, hoods and sweats, denim, joggers, tops, dresses, coats, shirts, knitwear, footwear, in addition to an assortment of bags and accessories. The Company has three reporting units: C-Retail Limited DKH Retail Limited and SuperGroup Plc. The business ‘s network comprises permits, franchises and concessions. It has rights to sell and distribute Superdry merchandises in the usa, Canada and Mexico.

oldjoe1 05 Nov 2015

SGP, Collective Broker Updates........ SGP SuperGroupCollective broker Target SPS, looks like we will have 3 updates tomorrow but they all go with a BUY rating.................SuperGroup broker viewsDate Broker Recommendation Price Old target price New target price Notes05 Nov Canaccord Genuity Buy 1,625.50 1,847.00 1,847.00 Retains05 Nov Investec Buy 1,625.50 1,450.00 1,850.00 Reiterates05 Nov Peel Hunt Buy 1,625.50 1,600.00 1,600.00 Reiterates05 Nov Cantor Fitzgerald Buy 1,625.50 1,600.00 1,600.00 Retains05 Nov Liberum Capital Under Review 1,625.50 - - Under Review

oldjoe1 05 Nov 2015

SGP, broker update.... SGP Supergroup05 Nov 2015 SuperGroup PLC SGP Canaccord Genuity Buy 1,618.00 1,482.00 1,847.00 1,847.00 RetainsSP target 1847p

II Editor 05 Nov 2015

NEW ARTICLE: SuperGroup shares double on superfast growth "What a year for LSE:SGP:SuperGroup fans. Euan Sutherland, the man who left the "ungovernable" Co-op, has shown exactly what he can do, facilitating a spectacular recovery at the owner of the popular Superdry brand and a doubling of the share ..."[link]

oldjoe1 05 Nov 2015

SGP, BREAKOUT On Chart........... SGP SupergroupBreakout on the chart, next results mid December, things looking very Bullish. [link]

oldjoe1 05 Nov 2015

Re: SUPER GROUP, FULL NOTE................. "The shares are trading on a cal 15E PER of 23.0x, falling to 19.5x for cal 16E. Thecorresponding EV/EBITDA ratios are 11.4x and 9.8x. Our recently increased and Quest®based TP of 1847p is unchanged."

oldjoe1 05 Nov 2015

SUPER GROUP, FULL NOTE................. SGP Supergroup Full Note as promised earlier, looks very Bullish. Look at the target price at the end of the note 1847pCanaccord noteSuperGroup has delivered a strong H1 trading performance, with group sales up 22.4%over the period to £254.9m, ahead of our range estimate of £248m - £252m (+18%to +21%). This was driven by the Retail division, where total sales rose by 30.9% to£172.2m. The LFL component came in at +17.2% (CGe: +12% - +15%), breaking downas +19.3% in Q1 and +15.5% for Q2. E-commerce performance was highlighted as adriver, but was not quantified. We assume the strong momentum of H2's e-commercegrowth has continued throughout H1, before anniversarying in Q3.The non-LFL contribution of 13.7% was driven by a 21% year-on-year increase in ownedretail space. This included the US stores acquired earlier this year when the US licencewas purchased. Some 14 stores opened in H1, of which 11 were outside the UK andRepublic of Ireland, adding some 63K sq.ft. from the year end, and therefore on track forthe FY guidance of 120K to 130K sq.ft.Wholesale saw an 8% increase in sterling growth, despite the adverse impact of aweakening euro. This also includes some contribution, which we estimate at around 2%,from the North American business.The H1 gross margin performance will be above the group's full year guidance (range flatto +30bps). This is principally mix driven, due to the higher growth of higher margin retail,although these gains have been partially offset by adverse currency movements.Net cash stood at £80m at the period end, compared with £67m last year.The company has also appointed Nick Tatum (from Tesco) as Global Retail Director, withresponsibility for retail operations and logistics.The better than forecast H1 sales growth has led us to increase our FY16 PBT forecast by£2m (3%) to £71m. This is notwithstanding the much tougher sales comparative in H2,including the key Christmas period, a likely management bonus (not paid last year) anda slightly slower trajectory on the US recovery plan. These increases roll through into ourouter year forecasts as well.We now forecast H1 PBT of £19.0m, up 52% on last year's £12.5m, compared with the£17.5m - £18.5m range indicated in our note earlier this week - "Everywhere you turn isopportunity".The shares are trading on a cal 15E PER of 23.0x, falling to 19.5x for cal 16E. Thecorresponding EV/EBITDA ratios are 11.4x and 9.8x. Our recently increased and Quest®based TP of 1847p is unchanged.

oldjoe1 05 Nov 2015

Re: SGP, The Climb Continues........ "In addition, Supergroup reported higher than expected gross margins for the first half of the year due to strong high margin retail sales. And, with its bottom line due to rise by 12% in the current year and by a further 17% next year, its PEG ratio of 1.1 indicates that now could be a good time to buy a slice of it".

oldjoe1 05 Nov 2015

SGP, The Climb Continues........ SGP SuperGroupComment from the TMF..................Also releasing an update today is fashion brand Supergroup (LSE: SGP). Its sales for the first half of the year increased by 22% versus the same period last year, with the company recording strong growth from both its retail and wholesale operations. The opening of 14 new stores during the period is further evidence that the company has clear expansion potential as it seeks to develop a true lifestyle brand, with its focus on improving infrastructure and on developing new and innovative product lines appearing to offer a clear path to long term growth.In addition, Supergroup reported higher than expected gross margins for the first half of the year due to strong high margin retail sales. And, with its bottom line due to rise by 12% in the current year and by a further 17% next year, its PEG ratio of 1.1 indicates that now could be a good time to buy a slice of it.[link]

oldjoe1 05 Nov 2015

Supergroup, Hargreaves L View............... SGP SupergroupHargreaves Landsdown .........imply profit to BEAT full year expectations and considering SPECIAL DividendsHL COMMENT (5 NOVEMBER 2015)The latest trading update from Supergroup shows further strong Like-for-like (LFL) sales growth of 15% on top of a strong pace of new store openings, leading to retail sales growth of 30%. Gross margins are ahead of expectations, suggesting a good H1 profit outcome, albeit against weak comparatives. Wholesale performance shows growth of +8%, even after a negative currency impact. The shares rose by over 3% in early trading.Second half comparatives are tougher, but the Group enters the period with £80m of net cash, up £13m since year end. Range development sees focus on womenswear and new Sports and Snow categories launching. Full year profit is expected to be in line with expectations, though some will interpret today's statement as a nudge upwards.Space growth continues, with 11 stores opened, 8 overseas. The group is adding to its German portfolio and developing its Chinese joint venture. The resetting of the US business is underway, after an earlier hiccup.Our view:First half trading shows Supergroup trading well and confidently executing its strategy of expanding the international store base, as well as further building out the UK estate.Fashion is intrinsically risky; the more fashionable a retailer is trying to be, the more risks it has to take that its customers will look at the clothes and shudder. Get it right though, and the frocks fly out of the shops at outrageous price tags.SuperGroup had a few wobbles in the early years after listing. A relatively young, fast growing business, it quickly ran into growing pains as its infrastructure struggled to keep pace with demand. Management was also tested and eventually, CEO and co-founder Julian Dunkerton handed over the reins to Mr Sutherland, in order to concentrate on the branding and design. That's left the creative side of the business under the control of someone who clearly has flair, with a retailer accustomed to running a large, complex business in charge of the mechanics. That makes a lot of sense to us.The group has £80m of net cash and aims to start paying dividends in the current year. Analysts are penciling in a payment of 20.0p for FY16, which equates to a yield of 1.3% (variable and not guaranteed). The group will also consider special dividends and share buybacks as a way of returning excess cash to shareholders.Fashion can be risky, but the Superdry brand has shown it can travel well and the business is still immature. Growth through new openings, or buying in franchisees should be capable for some time to come. So long as Mr Dunkerton keeps sending the right outfits down the catwalk.

oldjoe1 05 Nov 2015

SGP, Moving up strongly, ........ SGP Supergroup,And a breakout now.......[link] extends rally on robust Q2, upbeat outlook<.FTMC><SGP.L><TED.L>05-11-2015 08:38* SuperGroup <SGP.L> +4.7%, 3rd-top FTSE 250 <.FTMC> riser* Strong retail sales: Q2 LfL +15.5% and confident of delivering in-line FY profits [nASN000AY0]* Buyside support for SGP: Richard Watts, who runs Old Mutual Global Investors' UK Mid Cap Fund, holds stock -- says peer Ted Baker <TED.L> shows ability of mkt to pay higher valuation multiple (SGP on 23.5x fwd PE v TB on 32x)* Sell-side heavily skewed to upside (5 Strong Buy, 3 Buy,2 Hold, StarMine shows)* SGP up +74% YTD, one of the best performing UK midcaps <.FTMC>* Decent volume on Thurs, c50% of 90-day daily avg in 30 mins(RM: [email protected])

oldjoe1 05 Nov 2015

SuperGroup, Super UPDATE......... SuperGroup first half revenue up 22%Thu, 05 November 2015SuperGroup first half revenue up 22%(ShareCast News) - Clothing retailer SuperGroup said sales were up 22.4% in the first half but warned that comparatives throughout the second half are more challenging.Sales in the first half to October 24 rose to £254.9m on the back of positive growth in existing retail and wholesale channels and a healthy new store pipeline.Total revenue in retail was up 30.9% to £172.2m, while wholesale revenue increased 8% to £82.7m. It said the wholesale division continues to perform well notwithstanding the impact of sterling strengthening against the euro.The company said positive sales momentum continued in the period, particularly within e-commerce, delivering retail like-for-like growth of 15.5% in the quarter, albeit against weak comparatives in full year 2015.Net cash at the end of the period was £80m, compared with £67m in the same period a year ago.In addition, the company said gross margin in the first half is expected to have strengthened, ahead of guidance for the full-year, thanks to the strong participation of higher margin retail sales.Chief executive Euan Sutherland said: "The group traded positively throughout the first half of FY16."With a successful first half completed, the business is well placed for the all-important peak season and we remain confident of delivering full year profits in line with our existing guidance although comparatives throughout the second half are more challenging."At 0821 GMT, SuperGroup shares were up 3.6% at 1,535p.

oldjoe1 22 Oct 2015

SGP, Analyst Ratings........... Supergroup PLC Given Consensus Rating of “Buy” by Brokerages (LON:SGP)October 21st, 2015Supergroup PLC (LON:SGP) has earned an average rating of “Buy” from the eight ratings firms that are covering the company, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 1,265 ($19.53).Shares of Supergroup PLC (LON:SGP) traded up 2.8058% on Tuesday, hitting GBX 1429.0000. The stock had a trading volume of 43,521 shares. The stock’s market capitalization is GBX 1.16 billion. The firm’s 50 day moving average is GBX 1,379.47 and its 200-day moving average is GBX 1,256.90. Supergroup PLC has a one year low of GBX 750.00 and a one year high of GBX 1,579.00.A number of research firms have issued reports on SGP. RBC Capital restated an “outperform” rating and issued a GBX 1,500 ($23.16) price target on shares of Supergroup PLC in a report on Monday, August 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,390 ($21.46) target price on shares of Supergroup PLC in a report on Thursday, September 3rd. Liberum Capital restated a “buy” rating and issued a GBX 1,280 ($19.76) price objective on shares of Supergroup PLC in a research note on Monday, September 7th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,100 ($16.98) target price on shares of Supergroup PLC in a research report on Wednesday, September 2nd.SuperGroup Plc is a United Kingdom-based fashion retailer business, which offers accessories and clothing. The business is the holder of the Superdry brand, which is a lifestyle brand that provides cosmetics, accessories, footwear and clothing. It runs in three segments: Retail, Wholesale and Central Price. Superdry runs from a portfolio of concessions, franchised and licensed shops and has over 135 United Kingdom and European standalone retail stores. Superdry is sold in over 100 countries, through Websites and its store portfolio. Superdry offers sweats, polo shirts, hoods and t shirts, denim, joggers, tops, dresses, jackets, shirts, knitwear, footwear, along with a range of accessories and bags. The organization has three reporting units: C-Retail Limited, DKH Retail Limited and SuperGroup Plc. The business ‘s network includes permits franchises and concessions. It’s rights to sell and distribute Superdry products in Canada, the United States and Mexico.

oldjoe1 22 Oct 2015

SUPERGROUP, heading For Top Again.... RWC boosts September UK retail salesThu, 22 October 2015RWC boosts September UK retail sales(ShareCast News) - UK retail sales were up 6.5% year-on-year in September, well above analysts' expectations and boosted by promotions around the Rugby World Cup.The figures were released by the Office of National Statistics on Wednesday.Analysts expected just a 4.7% year-on-year increase for September.Compared with August 2015, retail sales increased by 1.9%, again higher than analysts' expectations of a 0.4% increase.Average store prices fell again by 3.6% in the month compared to 2014. It's 15th consecutive month of year-on-year price falls.The amount spent in the retail industry increased by 2.7% year-on-year and by 1.4% from the previous month. compared with August 2015.That was boosted by the value of online sales, increasing by 15.2% on the year and by 4.5% from last month.ONS head of retail sales statistics Kate Davies said the Rugby World Cup had part to play in the latest figures."Falling in-store prices and promotions around the Rugby World Cup are likely to be the main factors why the quantity bought in the retail sector increased in September at the fastest monthly rate seen since December 2013."The retail sector is continuing to grow with September seeing the 29th consecutive month of year-on-year increases."UFX.com's Dennis de Jong said Chancellor George Osborne will be delighted to see robust consumer spending in September."Despite the positive news, it won't be all plain sailing for Osborne and Co. as recent data revealed that more Brits believe the economy will get worse rather than improve in the next 12 months."A stubborn deficit, coupled with a commitment to limit borrowing, means that a bumper period of Christmas shopping is the main item on the chancellor's Christmas wish list."SGP Supergroup PLCSGP is one of the Retailers who should have done well out of the recent figures uplift and also going forward to christmas. [link]

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