Member Info for Duggs999

A competitive bidding process between JD and another party would be interesting. It should take at least a few days for any sort of clarity on what may happen regarding JD going through with a proposal - and that could leave room and time for a nice rise during likely speculation and/or other interest being shown. Fun week ahead.

Just to share some research history with more recent holders on the background to this current situation.

Prior to leaving in 2018 JD sold around £150m worth of Superdry shares, which at the time was just a small part of his holding. A couple of years later he returned and started building his stake again, spending many millions at much higher share prices to increase his holding significantly. Last February he put out a response to press speculation and said that he was not looking to take the company private 'at the moment'.

Well it looks like that time has come and Julian is badly bruised from seeing him company's value drop by hundreds of millions of pounds and indeed his personal capital dropping by the same. links below.

https://www.insider.co.uk/news/superdry-shares-julian-dunkerton-sale-12970867

https://www.retailgazette.co.uk/blog/2016/02/supergroup-founder-sells-shares-worth-ps53m-to-fund-divorce/

https://www.standard.co.uk/business/founder-julian-dunkerton-sells-ps18m-in-superdry-shares-a3752176.html

https://www.lse.co.uk/rns/SDRY/holdings-in-company-xgyn2uhqmxh2qwl.html

https://www.lse.co.uk/rns/SDRY/superdry-plc-statement-regarding-superdry-plc-215w2dfr2y8qr70.html

Good luck and DYOR

In March 2020 the share price hit its then all time low of about 70p when global Covid lockdowns and 100% store closures were starting and many people thought the world was about to end.

Today after a painful cost of living crisis, inflation is now falling and things are looking quite a bit brighter than way back then :)

Https://www.burges-salmon.com/news-and-insight/publications/guide-to-public-takeovers-in-the-uk#:~:text=Requirement%20for%20a%20mandatory%20offer,%22Rule%209%20offer%22).

For awareness:

Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target's voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer").

Currently JD owns well over 25% of the shares in Superdry. As said earlier on in the chat the 12 month high is circa £1.30 in March last year. GLA

I hope you are a reds fan Forest. Cheltenham store was also busy yesterday with queues at the till - which is promising.

Inflation falling and consumer confidence up surely must equal better numbers here.

The General Meeting on the 8th of November is now shown on the Superdry Investors Financial Calendar.

The Half Year pre close statement was issued on the 5th and 4th of November in 2021 and 2020. However it was issued on the 22nd of December in 2022. That is an upcoming milestone to move the direction of the SP one way or another.

Mortgage rates are circa 6% at the moment - big deal. We in the UK have enjoyed false ultra low interest rates for well over a decade and so 6% is obviously a big shock - but it is very normal on a long term basis. I remember by parents weathering 15% mortgage rates in the 1989/90 crisis and that really was a crisis.

The big picture has the consumer feeling some pain now but things are getting better: reduction in inflation, higher wages, interest rates at or close to peak, high employment rate.

JD has taken out Bantry Bay and Hilco 'backstop' liquidity facilities to weather the current storm and ensure the company is well funded to be in a strong position to continue the transformation. These lending facilities may never be used! Selling £600m+ of stock per year during a cost of living crisis doesn't look like the sign of an out of fashion retail dog to me. Massive confidence booster that Reliance likes our brand for India, and even more amazing that we have a stake in that goldmine!

I am in for 70K shares at 75p and so yes, squeaky bum when at 38p - but with improving news the SP can move at 20% a day - so yeehaaaa - strap in for the ride :)

Perplexed as results for last 2 years were in mid Sept and early October. None of us on here were expecting results any earlier than that????

Surprised by the one way train of comments on here. We are in a cost of living crisis and shoppers have less to spend as their mortgages are costing them much more. It is not exactly rocket science. Clearly this is tough on retailers, especially discretionary spend fashion brands. Could it be - to coin Rothschild 'buy when there is blood on the streets' and Buffets 'be greedy when others are fearful'. Inflation is falling and it will be further ratified on Wednesday on the reporting of UK July CPI data, and as such banks are starting to reduce mortgage rates already (check the headlines about the big providers).

I am singed having bought in most recently at 74.8 but do believe this is a very overdone SP reaction for news of an extra funding facility which may well never be needed. My view is that a proper long term bottom has just formed.

This is being 'walked down' on fear. This morning the market makers have just taken £5m off the market cap based on £70k worth of trading on small volume trades (none bigger than 5000 shares). Be very careful selling at these mid 60p's. It can bounce just a quick on such thin trading.

This is a big tree shake to see who holds their nerve and does not sell. Someone is scooping up a lot of shares on the very cheap.

A big finance company supplying £25m of liquidity tells me they have confidence that the company is a viable and going concern, even if the high interest rate does represent some risk. As it said in the RNS this provides the company with liquidity to power its turnaround and cost saving activity.

Inflation has peaked a long time ago and is well on its way down, solid wage increases are locked in while inflation falls and energy prices are far more under control now.

1 year out I believe we will look back and see this price as an absolute steal. GLA.

Yes, and at it's at its worst early in the day. Currently 72 to sell and 75.3 to buy i.e. a very poor 5% spread. Really needs any scrap of good news to increase volume, reduce the buy/sell spread and make this a better value trade.

Good news can make this rocket but we could be waiting 6-8 weeks for the next trading results.

Has changed but hasn't changed materially. Qube reduced their short position from 0.53% to 0.49% on the 31st of July. Marshall Wace are at 0.67% so it has moved from 1.2% total to 1.16%. Still a positive though.

https://shorttracker.co.uk/company/GB00BG5KQW09/

Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=CWR.L

Looks like a good buy down in the 3.20's as the supportive 50 day moving average is at circa 3.23. However if the S&P falls over in the next few sessions then who knows. Not advice by any means, just my plan. GLA :)

Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=CWR.L

Not my view but interesting

Learn to read. I sold last week as said in several posts.

Prelim results were 16th Sept 2021 and 7th Oct 2022 so expect similar this year.

Yes, 3.68 is a pre- profit warning price and too high after todays terrible news. Lower 3's is fair based on that RNS,

But yes, good for late this year/next if you can buy in the 2.8 to 3.1 region.

Who was it who said that 'Even Dead Cats Bounce?'

Be very careful here - a profit warning is literally what it says on the tin.

Sharesport, I am for sure not happy about todays debacle of a Profit Warning from the Ceres management team. Why would they say now in July that the JV is only 'targeted to be signed this year'? There is a lot of year left and they told us last Autumn it would be signed by last Christmas. What do they know that we don't? And why did the SP plummet yesterday, the day before this announcement - it stinks. Who knew this was coming, but in advance, it is wrong on many levels.

I sold las week on a technical basis to be surprised by a further meteoric rise on zero news which did not make much sense. Was aiming to buy back in at the 3.40's but will not touch this with a bargepole at that price now we have had confirmed the 'golden goose' news may or may not even happen this year. Bye for now, and yes I expect appropriate 'feedback' from the hardcore LTH members :)