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Supergroup - Shares begin long bounce back

August 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SGP
  • Price:
  • 880p
The shares rebounded almost vertically to over £11 and then fell back with the market to £8.80. That despite excellent results from Supergroup, whose full year results showed sales up 71% to £238m and pretax profit up 89% to £50.2m. Adjusted eps was 45.2p. Clearly no sign of the trading collapse the bears had been hoping for, even if they do have the weaker price they wanted for the moment.On the retail side, sales went up 71% to £147.4m. The plan here is to increase the store/concession footprint and to widen the merchandise and Superdry has scored on both counts. The store roll-out programme saw a net 18 openings (plus three relocations) to leave 60 stores occupying 306,000 sq ft. whilst a further 17 in-store concessions al ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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