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Supreme - October price rise will lead to windfall

August 2024

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.

Supreme has released its latest full year results, showcasing a period in which profitability doubled. The year saw a 42% surge in sales, reaching an impressive £221m and pretax profit soared by 109% to £30.1m. Eps rose by 77% to 20.9p. Additionally, cash generated was £27.1m, up from £19.3m the previous year, resulting in net cash of £11.6m, allowing Supreme to also conclude the acquisition of Clearly Drinks, a soft drinks manufacturer, for £15m from North Edge Capital, diversifying the business mix. A blowout achievement was the increase in gross profit, which grew by 55% to £63.5m, driven predominantly by the remarkable performance in the vaping division, which contributed an additional £6.7m gross profit. This was down to a co ...

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Supreme (November 2023)

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Supreme - Sells Red Astaire vape brand for €4.5m cash (April 2023)

Supreme - Disposable vapes grows strongly (March 2023)

Supreme - Upgrade cycle resuming (December 2022)

Supreme (September 2022)

Supreme (August 2022)

Supreme - Eps enhancing acquisition of Liberty Flights (July 2022)

Supreme (May 2022)

Supreme - Shares break into new highs (January 2022)

Supreme (November 2021)

Supreme - Launches digital vitamin brand (August 2021)

Supreme - Expands sports nutrition capacity (July 2021)

Supreme (June 2021)

Supreme - Multi-stage rocket in consumer staples (March 2021)

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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