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Recovery signs at Superdry, says Liberum
Fashion brand Superdry (SDRY) has seen increasing footfall in its stores and strong sales, which is underpinning confidence for the next six months, says Liberum.

Analyst Joe Brent retained his ‘buy’ recommendation and target price of £10 on the stock. The market, however, took a less sunny view than Brent, with the shares dropping 9.6%, or 24p, to close at 225p on Thursday.

Trading in the half year to 23 October was in line with expectations ‘with a pre-disclosed revenue line modestly down year-on-year due to Covid-19 restriction more than offset by higher gross margins’.

Brent said the group’s decision to move to full-price selling, reducing reliance on sales and discounting, is ‘positive for cashflow, and the brand, and when combined with the launch of new and enhanced product has seen strong sell-through in the period’.

‘With footfall on an improving trend across retail, and wholesale delivering on expectations despite supply chain issues, this underpins confidence for the second half,’ said the analyst.

‘We see share price recovery to continue following the 11% increase seen last month.’

10 pound target.. buy

A great opportunity to buy

Very positive... 40 % discount to NAV and 8 % Div... some way to go yet

I think they are good, given the back drop of covid, we have gone form a 20 million Loss to a 2 million profit..

I think you could be right...

507 is my first level then nothing till 423... so very interesting times...

https://www.globallegalchronicle.com/superdrys-acquisition-of-a-new-store-in-lyon/

https://www.proactiveinvestors.co.uk/companies/news/971221/bt-bear-changes-course-and-upgrades-after-progress-in-2021-971221.html

All retail down... lets not forget Julian bought 1 million pounds worth a few weeks ago.. not pocket change.

With RPI rent reviews, could see this back to 150 pretty soon..

Nice to see it trade above a pound next stop 115

https://www.ft.com/content/37eb7c9d-c4bf-498d-a5ab-ff28d9d2f9c8

Maybe 150 now

Can see this at 120 at the next results..

35 % discount to Nav and 8 % Div ... whats not to like...

This is down on the Heathrow figures this morning... 2025 is when they expect back to 2019 levels...

51 million buy just gone through

https://www.trustnet.com/news/13285241/the-analysts-top-uk-stocks-to-buy-for-2022