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Supergroup - Shares jump 200p after surprise special dividend

August 2016

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:
  • 1586p
Full year results were well received with the shares surging by 200p on the day. Sales were up 21% to £590m with pretax profit up 16% to £73.5m and eps up 22% to 72p. Net cash ballooned by 30% to £101m despite quite a frantic pace of new owned stores and so the company has also declared an unexpected special dividend of 20p per share on top of the ordinary dividend of 23.2p.Retail sales were up 24.5% to £415m (+11.2% like-for-like excluding new stores). This was underpinned by e-commerce (now 23% of sales; +50%) and early benefits from product innovation in the form of new sportswear and premium ranges.Supergroup is on a roll in Europe and it hardly mentioned the performance of its UK stores. Mainland ...

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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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