Member Info for Duggs999

Unlike other naysayers with their opinions, I have asked these questions to the Investor Relations team. Here is a cut and paste of my mail and the response:

Good morning xxxxxx can I ask a couple of questions please?
In 2020 and 2021 the half year pre close statement was issued on the 4th and 5th of November and I recognise this year it is complicated by the auditor replacement process.
Can I ask how auditor onboarding is going and is there likely to be an announcement soon?
Also, is it correct that notification of the asset backed lending facility agreement cannot be shared until the beginning of December as this is 2 months before the end of the current facility?
Many thanks for sharing anything you can.

Todays response:
Hi xxxx,
Hope you’re well.
We are hoping to provide an update to the market regarding the auditor appointment and refinancing as part of our H1 23 pre-close statement which is expected to be before the end of November.
Thanks,
xxxxxxx

GLA Duggs

Share Price is up 30% in a week and now sits at the same level as the end of March 2020. This was when global stock markets had crashed during the peak of Covid Pandemic uncertainty. Puts the current SP and Market Cap into perspective.

Hope so, but the 200 day moving average is at around 145, so if that can be breached - then game on. One or two RNS will be the big reassuring catalysts

Just to add, this appears to be a Canada based company and only seems to a North America initiative (20+ stores out of 730+).

It is a pre Black Friday gig and only open for several days.

Jon, you may have valid points, however - factually the Market Cap of Superdry is only about 100m, it has turned a corner and improved the bottom line through the carnage of Covid and is now making a profit from its 730+ global stores, wholesale and online businesses.

And, the recent P/E ratio of circa 4 speaks for itself - so go ahead and short the stock if you have conviction in your view.

Best of luck.

There are 3 big catalysts for Superdry share price improvement in the coming weeks:

1. New Auditor announcement
2. £70m asset backed lending facility agreement with the lenders
3. Half year pre close trading statement RNS. This issued was on the 5th and 4th of November in 2021 and 2020 but as the results were issued a couple of weeks later than usual this could be due soon - but may be auditor pending

Also, the reduction in US inflation news came out at 1.30pm yesterday and Superdry SP is up nearly 15% since. This may have kicked off the annual 'Santa Rally' in markets in general.

Hold tight and GLA!

https://r.search.yahoo.com/_ylt=AwrLBoiKWVpjd5AV6AkM34lQ;_ylu=Y29sbwNpcjIEcG9zAzEEdnRpZAMEc2VjA3Ny/RV=2/RE=1666894346/RO=10/RU=https%3a%2f%2fwww.investorschronicle.co.uk%2fnews%2f2022%2f10%2f26%2fsuperdry-chief-makes-chunky-share-purchase%2f/RK=2/RS=VfTFSUiRu1iJWuDNfa9fz5alCH8-

Broker price target cut unfortunately: RBC cuts Superdry price target to 155 (280) pence - 'outperform'

Investors Chronicle have already provided an update on this on the 7th of October.

https://r.search.yahoo.com/_ylt=AwrkNOywr0VjszUMt1oM34lQ;_ylu=Y29sbwNpcjIEcG9zAzEEdnRpZAMEc2VjA3Ny/RV=2/RE=1665540144/RO=10/RU=https%3a%2f%2fwww.investorschronicle.co.uk%2fnews%2f2022%2f10%2f07%2fsuperdry-s-full-price-strategy-paying-off%2f/RK=2/RS=wnox_0u6.Wut7xN6KQJPtbsJEDo-

Been a long wait! Better be good.

We know that the upcoming results are for the full year ended 23rd April (very frustrating a date for this is still not announced!). We also know from the multiple comms from Julian in the lead up to year end that the peak sales prior to Christmas were good with coats and ladies clothes both flying. Also the new fast fashion approach hit the mark with younger customers.
He was confident of confirming a profit for full year. I think that is important and confirmation in the publication of results surely will be a catalyst in itself.
I am hoping it was also a strong summer with multiple airport locations serving the pent up holiday demand; the flagship London store having full footfall; and some great new stores such as the O2 coming online.

If the above is communicated positively then happy days.

However, it may all be strongly tempered by an inflation fearing consumer reigning back spending on discretionary such as fashion. if this cautionary forward looking statement has a strong footing in the results then who knows. But the government backstop to fuel bills (capped at 2.5K/year) could also help a bit with clothing sales.

Bit of a conundrum really but at this valuation it is as cheap as chips! But even they are getting pricey - £3.90 for a large bag in my local chippie :)

SP may get a small boost today after Liz Truss announces the details of the energy price cap, expected to be at £2500/year. Oil has also dropped from a high of $120/barrel down to $82/barrel which is gradually reducing cost per litre here at the petrol pumps.
Inflation still rampant though.

Inflation still rampant through.

SP hasn't jumped. Just did a test sale and could only get circa 124.5. The 1.31 was just a handful of shares purchased at this price. Normal opening spread range.
Results day later this month (date still TBA) will be the big catalyst either way, hopefully the right way.

You might be correct but I am not sure I agree. Results next month should show a return to profit as quoted in the last update. Strong summer trading with consumers spending their lockdown savings could deliver a continuation of this profit - which will reassure the market a lot and may prompt a rerating in the SP.
However, I am nervous of any caution in the forward looking statement based on the high risk of inflation related dampened consumer sentiment.
All the same - at a tiny market cap of £100m, P/E rating of 6.5, 700+ stores etc - I took 40K shares at under £1.25 yesterday. GLA.

Last year it was Sept 16th but still no date provided on corporate investor site. Still states TBA.

Close period for insider trades is 1 month before results date so JD may do another October £1m purchase as per last year. On top of hi £1m purchased in June.

I messaged Poly Investor Relations last night and very pleased to get a prompt response this morning:

good morning, yes, this is correct, tender is ongoing, we plan to wrap it by the end of the month, with EGM called shortly after to approve the appointment .

Sincerely,

Evgeny

Last I heard there was a selection process for this but anyone know anything further?

Also, will the auditor need to have approved the Q2 2022 production results before they are published on the 21st of July?

UK retail for April up 1.4% v -0.3% estimate. Year on year retail down 4.9% v -7.0% estimate. Both results are much better than expected and should boost retailers today. - Big month end equity buying to rebalance books (on poor liquidity) will mean a decent uptick of the markets. Good day incoming for SP here.

Weekend Futures currently showing FTSE 100 down circa 1.3% and Dow Jones down 1.5%. See IG index live weekend prices to track the numbers.

Check the ticker POLY.ME on Yahoo Finance for Polymetal Russia listing share price. It is minus 15 mins to real time but gives a fairly close reflection of the UK Polymetal SP. Russian market opens daily at 7am UK time. Now up 25%.