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Razor. It’s clear to me that JD is not going to relinquish the CEO role, so we are only looking for someone with a different skill set than that of JD’s. Less product based, more operational and international retailing.
If Gatemore have seen financial info that we haven’t, wouldnt that be insider trading?
Thank you Razor. I thought I had read that RNS, clearly not. Much appreciated.
FY20 full year results announcement
We anticipate that the Company's full year results for the 52 week period ending 25 April 2020 will be published in mid-September 2020. A further announcement will be made in due course.
https://www.lse.co.uk/rns/SDRY/statement-re-new-financing-facility-and-trading-fzwd7n2x1vh9t6k.html
Hello SuperDry 'A-team' - you are mostly on this thread, I see. I've been invested a short while, and am aware of the delay for the results. However I may have missed getting a handle on when their release is delayed to? Is there a date for this yet? Thanks!
It’ll come AKGold. There’s a tide of investors who won’t touch this until a proper company statement laying out a total market update with a decent strategy plan for the future.
Not only do these people believe this tactic of themselves they think anyone invested is running high risk.
It is interesting, should we be currently invested at all.
Watch it if the doubt is removed by a statement.
The herd will stampede!
Good point, I bet al things are lined up to start the March northwards.
Also Gatmore 3% before the results is a great confidence booster for me. JD knows he needs to get it back to 5-6 pounds soon. He owns 17% of the company. Next 2-3 months would be interesting.
Good points Kmolloy.
I’d say every setup that ever hit trouble had an ongoing banking facility, so S’dry exchanged one that was due to expire in 2022 for a 2023 agreement.
I was looking for assurance from the Gatemore investment and at the conclusion that a higher percentage would have been much more impressive.
The market didn’t jump when Gatemore announced but it did with the new banking facility.
In May after the last Jeffries update was the last time the shares rallied and they could well be about to again, who knows.
The market awards on merit.
You’re not wrong, we just need to JD/S’dry to show some merits.
I bet Gatemore knew the finincial situation before they bought their 3% of the company.
Also the banks that approved the lending facility of 70 million, they would hardly offer them 60 million of a loan facility if they thought they wouldn't get it back.
Plenty of people know the results to be released in September and JD is getting his ducks on a row before they are released to the wider market.
That's just my 2p's worth and I'm no expert so could be completely wrong.
Jimini I have little knowledge on Superdry and thus unable to speak on what’s going on inside Superdry.
All I can do is apply my common sense.
If I was JD and had £50/70m of my own plus a 17.9 % stake in Superdry I’d be tempted to use my own money to get some sort of a plan implemented that would help drive the share price up so I could benefit via my ownership.
Maybe this is going on.
Are the 19/20 results that pathetic that he is trying to hide them?
It’s not logical.
Tell the market we had a crap year then on to the next one!
I’ll grant you, there is a noticeable increase in the exposure of womenswear on their insta. They’ve never been known for their womenswear offering, rather more known for a lack of womenswear. Neither JD nor Holder were strong there.
JD handed CEO over, his choice, to Sutherland. Why? Because JD is not really a CEO, and he’s not too about that side of the business. Sutherland was a ‘pro’ CEO, the wrong one for a lifestyle brand, but at least it was all he was supposed to do. So now it’s JD, with all his other distractions on top. Am I wrong?
After the EGM , the CEO walked, with the COO, the Global Retail Director, and an experienced HR Director. JD has taken on being CEO. He has had no COO since. My sources tell me the HR replacement is rather junior, and the retailer is from Wilko. Correct me if I’m wrong. (I acknowledge that the Sutherland ‘yes men’ were not at all right for the business, but there still a vacuum at the top as it stands). So we have a CEO with multiple businesses on the go, and a skeleton/junior top layer of management.
Product looks same to me as it did 2 years ago. Nike football man (Creative Director), what is he doing? Stores are overly full, and on heavy discount. Online is heavy discount too.
Pre covid, sales in decline. What exactly are people looking at to support a belief that sales are going to magically start going up? Who is sorting out US? Who is picking the EU store sites? Not the guy from Wilko surely??
I had hoped when JD took control. Nothing’s happening. What am I missing?
Jimini I’m not young so even if the stores layout was successful and I found it unappealing I wouldn’t know if the younger generation liked it or not.
The only comment I can make is that their Instagram promotion page has definitely become more female orientated and more hip... it looks a lot better than it did.
I own a Superdry hoodie, it is definitely a top end product, without a doubt, so I believe their clothing is above average quality. The question is how do you turn high end clothing into profit in a market that is thriving on “looks good, ware it, throw it out, buy another one.” The clothing products don’t fit that format.
So that’s all I can offer except that Jade has an Instagram page we’re she posts daily and shares in her “story”. She is smart focused and driven. What I’m getting at if they’re together daily he must have something constructive going on with Superdry.
In my own life I’ve witnessed someone who owned a factory that produced pallet-wrap, making too much money he got involved in catering which was a complete disaster so from that I agree with what you said the other day about the hotels and the cider business and running a pub. But I find it hard to understand how he could lose a terrible lot of money at it when he has so much. I think I t’s just occupying his time maybe it’s time that would be better spent in the S’dry office. The Julian Dunkerton article in the Guardian newspaper about lobbying the government for rates relief is interesting because it shows that he is involved and clued in, focused. But why is there such a delay in the 19/20 returns. I have to conclude that my jury is still out. I think the market is tired of “no info” on the year results and it will have to come out and be respectable before the stock will recover.
But what if the ‘clarity’ shows zero profitability and provides evidence of a stagnant unloved brand? I don’t think the market will like that either.
I keep asking for someone to describe what is being done differently in product and stores to generate the sales growth, how is the offering different to what wasn’t selling before? Nobody wants to explain why customers are going to magically switch on to the product again. Product looks the same, stores look too full, and massive discounting. I don’t like it.
This is the reason Superdry are lagging, none other.
If the water is murky the market doesn’t like it.
If the water has clarity the market will drink it down, no problem.
It’s that simple.