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Supreme

November 2023

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:
  • SUP
  • Price:
  • 103.5p
Supreme has preannounced its H1 to end September, which will be a record, with “revenues up by over 55% to £100m and  EBITDA of no less than £15m.” The Elf distribution agreement has contributed c.50% of the growth with the other 50% coming from growth in all four business categories.   At the same time, Supreme has announced some Vaping sale safety measures designed to “ensure its owned brands do not create any interest from underage vapers” including to discontinue production of brightly-coloured disposable vapes, make packaging plain and remove flavour branding, which promotes analogies with confectionery. On current year forecast eps of 15.3p, the shares trade on a PE of 6.8. Buy the dip. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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