Member Info for Duggs999

£4.09 being the 50 day moving average.

Took only 3 days to drop from £4 to £3.40.

Not much resistance on the way back up there, next firm resistance at £4.09.

GLA

Quick run towards £4?

Gapped up this morning, hopefully a good sign of the day to come - if the US markets behave.

May go down a little further before bounce but back in for 12766 shares at 3.44. JV announcement will be the game changer, I agree.

Just took profit on 11K shares and aim to be back in at lower price before JV announcement. GLA

Yes, agreed and the point is that yes, it is good news and is being welcomed by the market.

GLA and let's hope for a good follow on week coming up.

Yes, I don't disagree and you have probably put it more correctly. I think the point that needed cementing is that it is not just a simple market purchase by PC spending hundreds of thousands of his cash.

Cheers.

To clarify, the 200,000 shares was not a purchase. It was the exercising of his option to obtain shares issued to him by the company based on his/company performance which were likely issued as one of many tranches of options several years ago.

These options are typically issued as part of a senior leaders benefits package to motivate the achievement of positive future year individual and company performance.

Of course it is positive, if albeit very normal, to keep hold of these shares - but the message would have been quite negative if he had sold them.

GLA

Sold full holding for now at the 200 day moving average. Will be back in before the trading update later this month for sure - regardless of price change. GLA.

Yes I agree, it is just a very short term trading term - an indicator when a stock rises very quickly and may need to take a breather before continuing its rise. Have a glance at this link. ATB.

https://lse.swingtradebot.com/equities/SDRY:LSE

Yes, a nice few pieces of good news in recent days. Looking forward to late Jan when the Interim results and trading update is released (Released on 20th and 19th of Jan in 2021 and 2020). I predict a very positive release and the 'pièce de résistance' would be if the full year profit guidance is uprated from £10m-£20m to say £15m-£25m. That would be a major plus for investor confidence and the SP moving forward.

However, a few short term drags on the SP could be resistance at the 200 day moving average at circa £1.34 and technically the share is currently in quite overbought territory.

GLA

That's a decent SP move in a big FTSE and global equities down day. Need a good follow through tomorrow - GLA and keep the faith.

I'm patiently waiting for the update on auditor, credit facility and half year prelim results. I have mailed investor relations again but no reply yet.

Frustrating that it is taking so long which is clearly causing nervous investors to sell. They do have till the end of Jan to sort out the credit piece though.

Jimini, worry about your own trades and not other investors as I'm doing just fine, having traded in and out in the 3's, 2's and now 1's.
No more ping - pong, get a life.

End.

Troll someone else tetchy.

22 Nov 2022 BUY SDRY LSE 6,000 123.86p £7,479.98
22 Nov 2022 BUY SDRY LSE 3,500 123.80p £4,365.67
22 Nov 2022 BUY SDRY LSE 8,000 123.98p £9,978.91
22 Nov 2022 BUY SDRY LSE 3,000 123.80p £3,743.57
22 Nov 2022 BUY SDRY LSE 3,500 123.80p £4,365.67
22 Nov 2022 BUY SDRY LSE 4,000 125.64p £5,058.73
22 Nov 2022 BUY SDRY LSE 2,188 125.44p £2,766.35
22 Nov 2022 BUY SDRY LSE 3,500 123.88p £4,365.48
22 Nov 2022 BUY SDRY LSE 3,500 123.88p £4,365.48
21 Nov 2022 SELL SDRY LSE 36,610 127.02p £46,490.02

Boring 'post history' searcher Ha!

Traded in and out and now sat on a good chunk at 125p. Happy with that price - time will tell. Stop being tetchy....

Thanks Malan, precisely in line with comms I have had from Investor Relations. So unless they are lying to us and the conspiracy theorists on here are actually right then I still say hold tight and trust JD to deliver a good solution.

Found this one from a few days ago. Good timing with Neymar being the Brazil team poster boy in this World Cup.

https://www.neymarjr.com/en/culture/neymar-jr-superdry-win-the-champion-experience-behind-the-scenes

Sorry, but I am not sure about these reports. I do not believe Superdry is £70m in debt as the fake news suggests.

Here is the statement from our most recent results: "As at 1 October 2022, which coincides with the Group’s working capital peak, the Group had drawn down £45.3m with a net debt balance of £38.9m"

My view is that this is a very normal 'revolving credit facility' where you use it when you need to - such as paying for the inventory for a peak Autumn/Winter season, and then it is paid back, and much more, as you sell the stock.

I believe it is wrong to class it as proper company debt but please correct me if I have misread this.

Duggs