Member Info for Duggs999

Well done, now 3.40 and falling

Take a look at the RNS from this time last year. It is in there.

Clearly a lot of good capital investment in the last year but the headcount is up to circa 700 now I believe which will cost the company at least £40K per head, so that is the best part of £30m per year and growing.

Even the Doosan update is concerning "Building construction is nearing completion on Doosan's 50MW factory in South Korea. All machinery and processes have undergone factory acceptance testing, and is on track for installation and commissioning to achieve first production in 2024."

Understanding large scale industrial installation, it is very ambitious to expect the facility construction completion, kit delivery and then full and successful equipment and process qualification to be done in circa 20 weeks. It is possible but very risky. The machinery may well pass Factory acceptance testing on the suppliers shop floor, but after transit to a new build facility, and linking in with the machinery of often other suppliers it has quite some extra risk to then start producing using what is a technically complex production process. I have seen the cells being made in Horsham years ago. It is possible but very ambitious and risky. I can see that being the next negative RNS this Q4.

Cash now down to 162m from 221m this time last year - that really is a burn! JV effectively delayed by 1 whole year (or more).

Really needs some positive RNS on more deals in the coming weeks.

I do not like that RNS on the trading update! This must have been know yesterday, disgraceful.

Https://www.retailgazette.co.uk/blog/2023/07/retail-sales-up-june/#:~:text=British%20Retail%20Consortium%20chief%20executive,and%20books%20performing%20particularly%20well.

Hopefully that will translate to a boost in sales, even if Q3 has started a bit on the damp side.

Yes, agree that is clearly what the article says and it doesn't explain the why. Time will tell. However my view is these locations are not the jewels in the crown so no real loss and will only lean the business. Respect your view though. GLA.

Https://www.thesun.co.uk/money/23102133/superdry-closing-stores-high-street-shut-shops/

And the link from yesterday - reference my last post

In my view closing underperforming stores is a very positive sign of active cost saving and making the remaining brand more profitable. Especially as they have been investing in much better locations such as London Oxford Street flagship store and Battersea Power station new London Retail outlet.

At this SP and JD investing millions of his own skin in the game every few months, this has to be a mid term winner, even a 12 month winner.

If the article I linked is correct - it says the takeover would be at the highest price the SP has reached in the last year. So the SP was a 1 year high of 1.65 in Jan 2023 but in April only 87p. So if you wait till April 2024 and the SP remains depressed the takeover SP could be as low as in the 80p's.

Interesting though as you would expect the SP to rise naturally as inflation comes down and interest rates peak/fall. Look forward to the next RNS company update! GLA

Back in with 70,000 shares this morning. Risky trade but big potential reward if and when cost of living crisis abates and/or JD purchases shares to enable a mandatory bid in reaching 30% ownership threshold (currently at about 26.5%). I think that is just another 3m shares or so.

https://burlingtonslegal.com/insight/when-do-you-need-to-make-a-mandatory-offer-under-the-takeover-code/

Sadly, inflation is bad and spare money is quite low in the population where Superdry trades. So, think about it - who has the dooberries to enter a really risky trade like this???

Ha, called it - well played young man :)

I genuinely hope you are right as that would be a very bullish close against the current technicals. Will certainly be back when the JV RNS drops if I miss out this time.

And out at 3.61ish, be back in the 3.40's Happy Days :)

GLA, the China RNS will happen one day

I Will be selling again at 200 day moving average of 3.63 and waiting for another pullback. The 200 day is a tough nut to crack without a decent RNS.

Indeed HappyDazes!, not everyone is aligned with the old school who feel empowered to judge content on this board. I sold 14K shares at the 200 day moving average of 3.63 like you and bought back in 15K shares this morning at circa 3.37. Gonna hold for a while now having traded initial 11K shares up to 15K. It is true you cannot time the market and yes I have been bitten more times than not. However, technical analysis (or "Tosh" as Damers proclaims) is just one of many approaches. As it happens I think the SP could go down to the 50 day moving average of 3.18 and do hope this has now become 'support' rather than 'resistance' but I am happy with the current price - Again, GLA and all the best :)

Just a bit of a slowdown , at the 200 day moving average after a lovely run up, but I'm thinking plenty of more upside to come with company news:

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

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'm out at the 200day moving average of 3.63. Will re-join on any pull back. GLA