The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Fairly keen to buy back in here but with a total of only 60 trades today, the ridiculous big spread in buy/sell price and complete market illiquidity - it is extremely off putting.
You have to think at this tiny market capital - in six months time with UK inflation a nice bit lower that the consumer will come back to the spending party at a very established high street name.
I think it will also mean buying shares in Ceres Power will be subject to 0.5% stamp duty when they are listed on the main market. At the moment as they are on Aim, they are exempt from this. Please correct me if I am mistaken about this.
Upside reversal today after hitting an intraday 2 month low. Positive news at the AGM to add SP rocket fuel or maybe not?
https://lse.swingtradebot.com/equities/CWR:LSE
Back in at 3.48. Needs some news to get through the 50 day moving average - which is resistance at around 3.70. It could then become a level of support once properly broken.
https://lse.swingtradebot.com/equities/CWR:LSE
Clothing sales still under pressure in April:
https://www.just-style.com/news/uk-retail-sales-increase-in-april-amid-inflationary-pressures/
"In addition, the company said it has identified initial cost savings of more than £35m which have been externally validated. These will be achieved through estate optimisation, logistics and distribution savings, better procurement, and continued range reduction."
https://www.sharecast.com/news/news-and-announcements/superdry-drafts-in-interpath-advisory-to-help-with-cost-cutting--12637012.html
https://www.sharecast.com/news/news-and-announcements/superdry-withdraws-broadly-breakeven-fy-profit-guidance--13007594.html
Keeping it simple, £600m+ annual revenue is high, reported margins of what - circa 50% are good, so surely it is the spiralling and out of control costs that are hurting the company?
Solution, attack the costs (in progress) and increase sales (challenging with cost of living crisis but with inflation set to fall very soon will help).
At under £65m valuation and JD now recently increasing his stake to over 25% I am happy with the risk/reward here. GLA
Seems quite a balanced piece:
https://www.retailgazette.co.uk/blog/2023/05/superdry-wrong/
Back in for 61K shares @78.9p.
Probably still a rocky ride ahead but JD has put many millions into this and has potential to be a good turnaround play as inflation drops in a major way in the coming months and the weather improves. GLA.
https://www.investorschronicle.co.uk/ideas/2023/05/04/how-to-profit-from-the-energy-transition/