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I have been a long term holder of SGP. It's been an interesting ride. I was thrilled with the results just announced and the surge in the SP. There are lots of articles out there describing how well SGP are doing. I have a few concerns so I thought I'd throw them out there to see if anyone else has thoughts. Great results, especially from retail. Although I've seen one article saying it shows "just what Sutherland can do", I remain sceptical. Surely no-one thinks that the results are anything to do with his input? Figures out last week are the result of initiatives and work put in place before he took the helm, and the efforts in retail (the store near me always look amazing) in executing the 'coal face' work effectively. IMHO Sure, Sutherland announced US licence buy back, China deal, dividend payment. All of these items must have been worked on for a considerable amount of time before he arrived...good timing on his part. Nothing new here that I can see. I remember reading an article when he was appointed, it called it a "surprise appointment', given a complete lack of any clothing, let alone fashion, experience. B&Q, and CoOp are very different businesses to SGP. My feeling is that we have to look at what happens from now, to get a measure of where the company is headed. To this end, I note the arrival of a Global Retail Director. I looked into this new chap. This is a guy from Tesco, Category Director I believe, Fresh Produce? It worries me that he is not a fashion retailer. I can't see any international experience either. So, Sutherland as CEO is not fashion or clothing (but is supermarket), Global Retail Director is not fashion or clothing, (but is supermarket). A quick look at the company documents shows another supermarket guy in the shape of a Jon Wragg (ex Asda according to LinkedIn). Which of these people have any idea about product? Who will lead the people that are at SGP because its a fashion brand? Who provides the inspiration to the teams that keep the stores looking great and properly merchandised? Not grocers IMHO. It was reported that Sutherland had said UK growth was done for SGP, and that it is now about international expansion. Do we have an indication as to how well the international arm is doing? "This was driven by the Retail division, where total sales rose by 30.9% to £172.2m. The LFL component came in at +17.2% (CGe: +12% - +15%), breaking down as +19.3% in Q1 and +15.5% for Q2. E-commerce performance was highlighted as a driver, but was not quantified. We assume the strong momentum of H2's e-commerce growth has continued throughout H1, before anniversarying in Q3. The non-LFL contribution of 13.7% was driven by a 21% year-on-year increase in owned retail space. This included the US stores acquired earlier this year when the US licence was purchased. Some 14 stores opened in H1, of which 11 were outside the UK and Republic of Ireland, adding some 63K sq.ft. from the year end,
06 Nov 2015 SuperGroup PLC SGP Liberum Capital Buy 1,641.00 1,619.00 1,280.00 1,770.00 Reiterates SP Target 1770
SGP Supergroup IC: comment...... <b>Fashion chain SuperGroup (SPG) has announced strong first-half sales growth of 22.4 per cent, with like-for-like retail sales up 17.2 per cent. Those figures did benefit from weak comparatives, but also an improved operating structure. Upgrades from City analysts look likely. We remain buyers.</b>
<b>Supergroup PLC 6.7% Potential Upside Indicated by Cantor Fitzgerald Posted by: Ruth Bannister</b> 5th November 2015 Supergroup PLC with EPIC/TICKER LON:SGP had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at Cantor Fitzgerald. Supergroup PLC are listed in the Consumer Goods sector within UK Main Market. Cantor Fitzgerald have set a target price of 1600 GBX on its stock. This indicates the analyst now believes there is a potential upside of 6.7% from the opening price of 1500 GBX. Over the last 30 and 90 trading days the company share price has increased 168 points and increased 249 points respectively. Supergroup PLC LON:SGP has a 50 day moving average of 1,422.86 GBX and a 200 Day Moving Average share price is recorded at 1,224.42 GBX. The 1 year high stock price is 1598 GBX while the 52 week low for the share price is 750 GBX. There are currently 89,505,255 shares in issue with the average daily volume traded being 148,025. Market capitalisation for LON:SGP is £1,258,818,554 GBP. Supergroup PLC is a United Kingdom-based fashion retailer company, which offers clothing and accessories. The Company is the owner of the Superdry brand, which is a lifestyle brand that offers clothing, accessories, footwear and cosmetics. It operates in three segments: Retail, Wholesale and Central Cost
<b>Weekly Analysts’ Ratings Changes for Supergroup PLC (SGP) November 5th</b> Several analysts have recently updated their ratings and price targets for Supergroup PLC (LON: SGP): 11/3/2015 – Supergroup PLC had its price target raised by analysts at Canaccord Genuity from GBX 1,627 ($25.10) to GBX 1,847 ($28.50). They now have a “buy” rating on the stock. 11/2/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 10/27/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 10/19/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 10/19/2015 – Supergroup PLC had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a GBX 1,650 ($25.46) price target on the stock. 10/12/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 10/5/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 9/28/2015 – Supergroup PLC had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a GBX 1,650 ($25.46) price target on the stock. 9/21/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 9/15/2015 – Supergroup PLC had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 1,100 ($16.97) price target on the stock. 9/14/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. 9/14/2015 – Supergroup PLC had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a GBX 1,650 ($25.46) price target on the stock. 9/7/2015 – Supergroup PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 1,280 ($19.75) price target on the stock. Shares of Supergroup PLC (LON:SGP) traded up 0.97% on Wednesday, hitting GBX 1509.50. 176,137 shares of the company’s stock were exchanged. The stock’s market cap is GBX 1.22 billion. Supergroup PLC has a 12-month low of GBX 750.00 and a 12-month high of GBX 1,579.00. The company’s 50-day moving average price is GBX 1,401.50 and its 200 day moving average priceis GBX 1,300.22.
SuperGroup shares double on superfast growth By Harriet Mann | Thu, 5th November 2015 - 13:19 Share this SuperGroup shares double on superfast growth What a year for SuperGroup (SGP) fans. Euan Sutherland, the man who left the "ungovernable" Co-op, has shown exactly what he can do, facilitating a spectacular recovery at the owner of the popular Superdry brand and a doubling of the share price since January. A much anticipated design collaboration with Hollywood star Idris Elba should be on the racks before Christmas, too, and full-year profits look set to beat forecasts. That promise of a maiden dividend at the interim results looks "super safe". Driven by both its retail and wholesale divisions, group sales jumped 22% in the half-year ended 24 October to £255 million. Granted, SuperGroup is performing against weak comparatives in 2015, but rapid online trade pushed retail like-for-like revenue up an impressive 15.5% in the second quarter to £91.6 million. Group gross margin should also be better-than-expected, although currency movements are unhelpful. Ending the period with £80 million of net cash, an interim dividend of 6p is a shoo-in, according to Investec Securities. And a full-year payout of 19.3p might be conservative. Clearly, overall revenue growth benefited from SuperGroup's retail store space expansion, with 14 new shops opened since April. There are more to come and there's progress on its 10-year joint venture with China's Trendy International. As it stands, the group has 192 stores globally, but analysts at Peel Hunt reckon the European roll-out and US expansion will seriously accelerate earnings growth over the next two-three years. supergroup graph (click to enlarge) As retailers gear-up for Christmas, SuperGroup's collaboration with star of the Sky TV ads Idris Elba will hit the stores this month. After disappointing ranges last year, founder Julian Dunkerton is back at the drawing board with new Sport and Snow ranges, which should help Sutherland achieve his four-pronged strategy. The new boss is focusing on broadening and strengthening the group's appeal, expanding its product range, and executing growth opportunities in new markets and online. With retail behind much of the momentum, the division has a new global retail director who will steer future expansion. Leaving Tesco (TSCO) behind, Nick Tatum will be responsible for the retail operations and logistics. "With a successful first half completed, the business is well placed for the all-important peak season and we remain confident of delivering full year profits in line with our existing guidance although comparatives throughout the second half are more challenging," said Sutherland. More growth in store? Recovering from profits warnings and accountancy issues, SuperGroup's share price has more than doubled since Sutherland took over at the end of 2014, rocketing from 750p to a 19-month high of
SGP Supergroup LONDON HIGHLIGHTS at close 05/11/2015 SuperGroup (SGP) strutted 9.04% higher to 1616p on a positive H1 trading update, confirming strong retail like-for-like sales momentum in Q2. <b>It reported 17.2% growth in retail like-for-like sales for H2 and says gross margins were tracking ahead of FY hopes.</b>
<b>Supergroup PLC Given New GBX 1,850 Price Target at Investec (SGP) November 5th, 2015</b> Supergroup PLC (LON:SGP) had its target price increased by equities research analysts at Investec from GBX 1,450 ($22.37) to GBX 1,850 ($28.54) in a research report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Investec’s price target would suggest a potential upside of 22.56% from the stock’s current price. In other Supergroup PLC news, insider Holder,James sold 264,900 shares of Supergroup PLC stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of GBX 1,510 ($23.30), for a total transaction of £3,999,990 ($6,171,871.62). Shares of Supergroup PLC (LON:SGP) opened at 1592.540 on Thursday. Supergroup PLC has a 12-month low of GBX 750.00 and a 12-month high of GBX 1,602.80. The stock’s 50 day moving average is GBX 1,401.50 and its 200-day moving average is GBX 1,300.22. The company’smarket capitalization is GBX 1.29 billion. Several other research firms have also commented on SGP. RBC Capital restated an “outperform” rating on shares of Supergroup PLC in a report on Monday, July 13th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,100 ($16.97) price target on shares of Supergroup PLC in a research note on Wednesday, September 2nd. Canaccord Genuity raised their target price on shares of Supergroup PLC from GBX 1,145 ($17.67) to GBX 1,627 ($25.10) and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 1,280 ($19.75) price target on shares of Supergroup PLC in a report on Monday, September 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,371.11 ($21.16). SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers accessories and clothing. The business is the owner of the Superdry brand, which is a lifestyle brand that provides footwear, accessories, clothing and cosmetics. It operates in three sections: Retail, Wholesale and Essential Cost. Superdry has over 135 United Kingdom and European standalone retail stores and operates from a portfolio of concessions, franchised and licensed shops. Superdry is sold in over 100 countries, through its store portfolio and Websites. Superdry offers polo shirts, tshirts, hoods and sweats, denim, joggers, tops, dresses, coats, shirts, knitwear, footwear, in addition to an assortment of bags and accessories. The Company has three reporting units: C-Retail Limited DKH Retail Limited and SuperGroup Plc. The business ‘s network comprises permits, franchises and concessions. It has rights
SGP SuperGroup Collective broker Target SPS, looks like we will have 3 updates tomorrow but they all go with a BUY rating................. SuperGroup broker views Date Broker Recommendation Price Old target price New target price Notes 05 Nov Canaccord Genuity Buy 1,625.50 1,847.00 1,847.00 Retains 05 Nov Investec Buy 1,625.50 1,450.00 1,850.00 Reiterates 05 Nov Peel Hunt Buy 1,625.50 1,600.00 1,600.00 Reiterates 05 Nov Cantor Fitzgerald Buy 1,625.50 1,600.00 1,600.00 Retains 05 Nov Liberum Capital Under Review 1,625.50 - - Under Review
SGP Supergroup 05 Nov 2015 SuperGroup PLC SGP Canaccord Genuity Buy 1,618.00 1,482.00 1,847.00 1,847.00 Retains SP target 1847p
the name says it all.
SGP Supergroup Breakout on the chart, next results mid December, things looking very Bullish. http://content.screencast.com/users/marketsniper/folders/Default/media/7f36c00a-ddfa-40a5-8325-0a029adbc4b9/sgp%202.jpg
SGP Supergroup Full Note as promised earlier, looks very Bullish. Look at the target price at the end of the note 1847p Canaccord note <b><i>SuperGroup has delivered a strong H1 trading performance, with group sales up 22.4% over the period to £254.9m, ahead of our range estimate of £248m - £252m (+18% to +21%). This was driven by the Retail division, where total sales rose by 30.9% to £172.2m. The LFL component came in at +17.2% (CGe: +12% - +15%), breaking down as +19.3% in Q1 and +15.5% for Q2. E-commerce performance was highlighted as a driver, but was not quantified. We assume the strong momentum of H2's e-commerce growth has continued throughout H1, before anniversarying in Q3. The non-LFL contribution of 13.7% was driven by a 21% year-on-year increase in owned retail space. This included the US stores acquired earlier this year when the US licence was purchased. Some 14 stores opened in H1, of which 11 were outside the UK and Republic of Ireland, adding some 63K sq.ft. from the year end, and therefore on track for the FY guidance of 120K to 130K sq.ft. Wholesale saw an 8% increase in sterling growth, despite the adverse impact of a weakening euro. This also includes some contribution, which we estimate at around 2%, from the North American business. The H1 gross margin performance will be above the group's full year guidance (range flat to +30bps). This is principally mix driven, due to the higher growth of higher margin retail, although these gains have been partially offset by adverse currency movements. Net cash stood at £80m at the period end, compared with £67m last year. The company has also appointed Nick Tatum (from Tesco) as Global Retail Director, with responsibility for retail operations and logistics. The better than forecast H1 sales growth has led us to increase our FY16 PBT forecast by £2m (3%) to £71m. This is notwithstanding the much tougher sales comparative in H2, including the key Christmas period, a likely management bonus (not paid last year) and a slightly slower trajectory on the US recovery plan. These increases roll through into our outer year forecasts as well. We now forecast H1 PBT of £19.0m, up 52% on last year's £12.5m, compared with the £17.5m - £18.5m range indicated in our note earlier this week - "Everywhere you turn is opportunity". The shares are trading on a cal 15E PER of 23.0x, falling to 19.5x for cal 16E. The corresponding EV/EBITDA ratios are 11.4x and 9.8x. Our recently increased and Quest® based TP of 1847p is unchanged.</i></b>
SGP SuperGroup Comment from the TMF.................. Also releasing an update today is fashion brand Supergroup (LSE: SGP). Its sales for the first half of the year increased by 22% versus the same period last year, with the company recording strong growth from both its retail and wholesale operations. The opening of 14 new stores during the period is further evidence that the company has clear expansion potential as it seeks to develop a true lifestyle brand, with its focus on improving infrastructure and on developing new and innovative product lines appearing to offer a clear path to long term growth. In addition, Supergroup reported higher than expected gross margins for the first half of the year due to strong high margin retail sales. And, with its bottom line due to rise by 12% in the current year and by a further 17% next year, its PEG ratio of 1.1 indicates that now could be a good time to buy a slice of it. http://www.fool.co.uk/investing/2015/11/05/are-monitise-plc-supergroup-plc-and-easyjet-plc-set-to-post-stellar-returns/
SGP Supergroup Hargreaves Landsdown .........imply profit to BEAT full year expectations and considering SPECIAL Dividends <b>HL COMMENT (5 NOVEMBER 2015)</b> The latest trading update from Supergroup shows further strong Like-for-like (LFL) sales growth of 15% on top of a strong pace of new store openings, leading to retail sales growth of 30%. <b>Gross margins are ahead of expectations</b>, suggesting a good H1 profit outcome, albeit against weak comparatives. Wholesale performance shows growth of +8%, even after a negative currency impact. The shares rose by over 3% in early trading. Second half comparatives are tougher, but the Group enters the period with £80m of net cash, up £13m since year end. Range development sees focus on womenswear and new Sports and Snow categories launching. <b>Full year profit is expected to be in line with expectations, though some will interpret today's statement as a nudge upwards.</b> Space growth continues, with 11 stores opened, 8 overseas. The group is adding to its German portfolio and developing its Chinese joint venture. The resetting of the US business is underway, after an earlier hiccup. <b>Our view:</b> First half trading shows Supergroup trading well and confidently executing its strategy of expanding the international store base, as well as further building out the UK estate. Fashion is intrinsically risky; the more fashionable a retailer is trying to be, the more risks it has to take that its customers will look at the clothes and shudder. Get it right though, and the frocks fly out of the shops at outrageous price tags. SuperGroup had a few wobbles in the early years after listing. A relatively young, fast growing business, it quickly ran into growing pains as its infrastructure struggled to keep pace with demand. Management was also tested and eventually, CEO and co-founder Julian Dunkerton handed over the reins to Mr Sutherland, in order to concentrate on the branding and design. That's left the creative side of the business under the control of someone who clearly has flair, with a retailer accustomed to running a large, complex business in charge of the mechanics. That makes a lot of sense to us. The group has £80m of net cash and aims to start paying dividends in the current year. Analysts are penciling in a payment of 20.0p for FY16, which equates to a yield of 1.3% (variable and not guaranteed). The group will also consider special dividends and share buybacks as a way of returning excess cash to shareholders. <b>Fashion can be risky, but the Superdry brand has shown it can travel well and the business is still immature. Growth through new openings, or buying in franchisees should be capable for some time to come. So long as Mr Dunkerton keeps sending the right outfits down the catwalk.</b>
Have they got the years mixed up or are they reporting next year
SGP Supergroup, And a breakout now....... http://uk.advfn.com/p.php?pid=staticchart&s=L%5ESGP&p=6&t=47 <b>BUZZ-SuperGroup: extends rally on robust Q2, upbeat outlook<.FTMC><SGP.L><TED.L> 05-11-2015 08:38</b> * <b><i>SuperGroup <SGP.L> +4.7%, 3rd-top FTSE 250 <.FTMC> riser * Strong retail sales: Q2 LfL +15.5% and confident of delivering in-line FY profits [nASN000AY0] * Buyside support for SGP: Richard Watts, who runs Old Mutual Global Investors' UK Mid Cap Fund, holds stock -- says peer Ted Baker <TED.L> shows ability of mkt to pay higher valuation multiple (SGP on 23.5x fwd PE v TB on 32x) * Sell-side heavily skewed to upside (5 Strong Buy, 3 Buy, 2 Hold, StarMine shows) * SGP up +74% YTD, one of the best performing UK midcaps <.FTMC> * Decent volume on Thurs, c50% of 90-day daily avg in 30 mins</b></i> (RM: tricia.wright1.thomsonreuters.com@reuters.net)
thought there may have been a bit of news on the timing of that . word is will be in shops in November in time for the Christmas thieving season
<b>SuperGroup first half revenue up 22% Thu, 05 November 2015</b> SuperGroup first half revenue up 22% (ShareCast News) - Clothing retailer SuperGroup said sales were up 22.4% in the first half but warned that comparatives throughout the second half are more challenging. Sales in the first half to October 24 rose to £254.9m on the back of positive growth in existing retail and wholesale channels and a healthy new store pipeline. Total revenue in retail was up 30.9% to £172.2m, while wholesale revenue increased 8% to £82.7m. It said the wholesale division continues to perform well notwithstanding the impact of sterling strengthening against the euro. The company said positive sales momentum continued in the period, particularly within e-commerce, delivering retail like-for-like growth of 15.5% in the quarter, albeit against weak comparatives in full year 2015. Net cash at the end of the period was £80m, compared with £67m in the same period a year ago. <b>In addition, the company said gross margin in the first half is expected to have strengthened, ahead of guidance for the full-year, thanks to the strong participation of higher margin retail sales.</b> Chief executive Euan Sutherland said: "The group traded positively throughout the first half of FY16. "With a successful first half completed, the business is well placed for the all-important peak season and we remain confident of delivering full year profits in line with our existing guidance although comparatives throughout the second half are more challenging." At 0821 GMT, SuperGroup shares were up 3.6% at 1,535p.
along with the fifth holdings what is going on, with the large disposals, poor results>?
been looking at this share for some time now...from 1290p infact and only bought on Monday at 1404.....happy but could have been happier.......hold to £15+...??? thought I seen them tipped somehere to go to £1650. GL
<b>Supergroup PLC Given Consensus Rating of “Buy” by Brokerages (LON:SGP) October 21st, 2015</b> Supergroup PLC (LON:SGP) has earned an average rating of “Buy” from the eight ratings firms that are covering the company, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 1,265 ($19.53). Shares of Supergroup PLC (LON:SGP) traded up 2.8058% on Tuesday, hitting GBX 1429.0000. The stock had a trading volume of 43,521 shares. The stock’s market capitalization is GBX 1.16 billion. The firm’s 50 day moving average is GBX 1,379.47 and its 200-day moving average is GBX 1,256.90. Supergroup PLC has a one year low of GBX 750.00 and a one year high of GBX 1,579.00. A number of research firms have issued reports on SGP. RBC Capital restated an “outperform” rating and issued a GBX 1,500 ($23.16) price target on shares of Supergroup PLC in a report on Monday, August 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,390 ($21.46) target price on shares of Supergroup PLC in a report on Thursday, September 3rd. Liberum Capital restated a “buy” rating and issued a GBX 1,280 ($19.76) price objective on shares of Supergroup PLC in a research note on Monday, September 7th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,100 ($16.98) target price on shares of Supergroup PLC in a research report on Wednesday, September 2nd. SuperGroup Plc is a United Kingdom-based fashion retailer business, which offers accessories and clothing. The business is the holder of the Superdry brand, which is a lifestyle brand that provides cosmetics, accessories, footwear and clothing. It runs in three segments: Retail, Wholesale and Central Price. Superdry runs from a portfolio of concessions, franchised and licensed shops and has over 135 United Kingdom and European standalone retail stores. Superdry is sold in over 100 countries, through Websites and its store portfolio. Superdry offers sweats, polo shirts, hoods and t shirts, denim, joggers, tops, dresses, jackets, shirts, knitwear, footwear, along with a range of accessories and bags. The organization has three reporting units: C-Retail Limited, DKH Retail Limited and SuperGroup Plc. The business ‘s network includes permits franchises and concessions. It’s rights to sell and distribute Superdry products in Canada, the United States and Mexico.
<b>RWC boosts September UK retail sales Thu, 22 October 2015</b> RWC boosts September UK retail sales (ShareCast News) - UK retail sales were up 6.5% year-on-year in September, well above analysts' expectations and boosted by promotions around the Rugby World Cup. The figures were released by the Office of National Statistics on Wednesday. Analysts expected just a 4.7% year-on-year increase for September. Compared with August 2015, retail sales increased by 1.9%, again higher than analysts' expectations of a 0.4% increase. Average store prices fell again by 3.6% in the month compared to 2014. It's 15th consecutive month of year-on-year price falls. The amount spent in the retail industry increased by 2.7% year-on-year and by 1.4% from the previous month. compared with August 2015. That was boosted by the value of online sales, increasing by 15.2% on the year and by 4.5% from last month. ONS head of retail sales statistics Kate Davies said the Rugby World Cup had part to play in the latest figures. "Falling in-store prices and promotions around the Rugby World Cup are likely to be the main factors why the quantity bought in the retail sector increased in September at the fastest monthly rate seen since December 2013. "The retail sector is continuing to grow with September seeing the 29th consecutive month of year-on-year increases." UFX.com's Dennis de Jong said Chancellor George Osborne will be delighted to see robust consumer spending in September. "Despite the positive news, it won't be all plain sailing for Osborne and Co. as recent data revealed that more Brits believe the economy will get worse rather than improve in the next 12 months. "A stubborn deficit, coupled with a commitment to limit borrowing, means that a bumper period of Christmas shopping is the main item on the chancellor's Christmas wish list." SGP Supergroup PLC SGP is one of the Retailers who should have done well out of the recent figures uplift and also going forward to christmas. http://content.screencast.com/users/mickkipper/folders/Default/media/5b26b850-7d6d-4529-9947-825d6742ed50/sgp%201.jpg
1307 at the moment ....tempted will look at that other one. GL
Better being late to catch it on the way back up than early catching it on the way down. Don't be desperate, it's not got a lot further to fall but why buy while it's falling? I've got plenty in SGP already and am on a tidy profit but i am watching BLT with interest now. Only half in there so far and holding back. Nice little day trades for the taking by the look of it though. Maybe tomorrow if not later this week or end of month will see me chucking more at it.