Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Https://news.sky.com/story/superdry-landlord-mg-eyes-challenge-to-rescue-plan-13123254
In all honesty I've visited stores recently (Liverpool One & Manchester Trafford Centre) and they both looked good and well stocked. I'd be more interested to hear a trading update. Have I missed q1 results or are they holding them back?
Three times as many buys as sell (same as every day) but 8% down (again)! I give up lol.
Someone is hoovering up the shares though there was another 900,000 bought a short while ago. Could there be news imminent or will we just carry on sliding until the delist?
@topo
Yeah I've taken a big hit here. Was hoping for an offer from the ceo to take it private but he dropped the bomb after hours on Thursday that he wasn't bidding. With sales of £600m and a current mcap of just £14m I'm hoping someone else starts the bidding and puts an offer in.
The "don't get locked in here" applies both ways mate. A positive RNS of an offer or an upbeat trading update for Q1 could send this back into the 30's or more in a heartbeat. If I was short I'd be closed by now and celebrating my good fortune. Anything could happen here now either way.
I wasn't suggesting anyone here could influence the SP I was just asking had they closed their positions. Most people on here are pretty open about their positions. I'm happy to disclose that I'm long and underwater. I'm also happy to watch it play out and not panic. If the SP goes to zero it won't change my life and likewise if it goes to £1 it won't. For me it's a case of you win some you lose some. It does amuse me though that there are people commenting here that say they have no skin in the game.
Scotty, Shetland, Evolve etc
Fair play to you guys have called it right so far and I wish you no ill will. Serious question though. Now the SP has bombed today down to what is currently 14p have you guys closed your short positions or are you leaving them open thinking this has got much more to go?
I'm long and I'm holding simply because I don't think this is anywhere near finished yet and in my opinion there's gonna be plenty more twists and turns. If I was short from mid 30's or above like you guys I'd be taking my money now and patting myself on the back for a job well done. Just curious to hear what you've done.
I appreciate you saying that you're not an analyst but you've made some pretty bold statements and you can't back any of them up.
Anyway that's enough from me for today. Who knows what lies ahead in the coming days and weeks? I think this book has plenty of chapters left. Some of them probably haven't even been written yet!
Good luck all.
If you're telling us all the rents are too high and the shops are empty and the leases are too long etc surely you can back this up with figures? Just give us a price comparison with with another retailer say Next for example like I did with revenue to employee. Whats the average price per sq ft Superdry pay compared to their competitors?
Can you provide your source for which shops are empty please?
Also which shops have high rents and could you let us all know what the rent is please? Also which stores have leases that are too long? Tbh I wasn't aware of any of this so I'd be really grateful if you could provide the information. As for nobody wanting to buy the clothes and them not being in fashion then sales of £600m say otherwise.
To think the company is doomed just because it has 4000 employees is ridiculous. If you do the maths as you suggest with say Next for example we look in far better shape.
Superdry revenue approx £600m/ 4,000 employees so group revenue £150,000 per employee
Next revenue approx £5.8bn/46,7000 employees so group revenue £124,000 per employee.
Of course we all know there's much more to it than this and the fact that Next is making sheds loads of money highlights the point but Superdry is in a transitional period and it's not all doom and gloom as some in here would have you believe. Next has to contend with high rents, business rates etc and has shown it can be done and you can make money. Superdry now needs to do the same. Whether they can or not remains to be seen.