Updates

Superdry

June 2018

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.

Having touched £20 after the H1 trading update last December, it’s rather surprising to see this one come off. During the month, it issued a Q4 update, the period since Christmas, alongside full year results.For the full year, Wholesale was +29.6% whilst e-commerce was +25.8%. Retail was stated at +3.4% after a very challenging Q4 for stores when sales were -6% with some of this due to snow. The US stores are also expected to make a £3m loss against expected profit due to landlord construction disruption affecting six of its 24 stores. Gross margin also eased and is expected to be -200bps, primarily reflecting the relative strength of wholesale in the mix.Investec has shaded its eps forecast to 93.9p this ye ...

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Horizon Discovery

Growth Portfolio 3 - June '18

Superdry (April 2023)

Superdry (February 2023)

Superdry (January 2023)

Superdry - Outperforming the market (November 2022)

Superdry - Still on track for first profits since 2019 (June 2022)

Superdry - Eps of 20p and 38p forecast for next two years (February 2022)

Superdry - Clear evidence of brand turnaround (October 2021)

Superdry - Tripled but could double again (June 2021)

Superdry (February 2021)

Superdry - E-commerce going gangbusters (from +4% after 7 weeks of Q2 to +52% for the last 6 weeks) (December 2020)

Superdry (October 2020)

Superdry - Q1 trading better than initial expectations (September 2020)

Superdry (December 2019)

Superdry (August 2018)

Superdry - Free cash generation about to balloon six-fold (February 2018)

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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