Member Info for HumpyDumpy

Ps Cane Toad, I do hope you haven’t bought into another lawyer! There are so many better opportunities.

Law firms don’t do that. Far too expensive, and good lawyers are extremely difficult to find and recruitment costs are ridiculous. Clearly the point of this amalgamator is to rationalise, but generally redundancies in the legal profession are not a good sign.

Carltt - honestly, what is wrong with you? You revealed under you previous moniker you don’t even buy shares! Your excitement over getting less than £200 for changing bank account indicates you’re not exactly rolling in it. Rather than wasting your time here every day, why don’t you do a bit more work and earn a bit more money so you don’t have to change bank?

I, think, they, are. Still, looking, good, today.

New leases are 100% not usually 3 - 4 years. Most landlords will not accept less than 5 years as it adversely affects their investment values. For a good site, 10 years with a break option at Year 5 is now not unusual. Having said all of that, your estimate of an average of 6 years (taking into account break options they really should have negotiated) doesn't sound like an underestimate and is possibly worse than may be the case. The trouble is the cash burn in the meantime and the fact that it seems no one wants to buy their gear! If anyone doubts this, get on your feet and go to your nearest city at around 2pm on a Saturday afternoon. Compare the footfall in Superdry to the other retailers in the vicinity. In my experience the difference could not be more stark.

Some good points there Hash - quick, apply to Superdry for a senior management role!

Make sure you get paid up front though (and not in shares!).

Munichmann - what do you mean a lease is not a lock in? They are exactly that - they lock the tenant in until the end of whatever term has been agreed unless the lease contains a tenant break option. You can’t just walk away! Unless a CVA of course….. If a lease term is nearing its end, or nearing a break date, then there may well be scope of renegotiating with a landlord (if the shop is likely to be void for a significant period) but Superdry would be mad if they hadn’t already been doing that for the past few years. All the other retailers have….

Toffers - you’re just dreadful. You will never learn as you clearly have zero self awareness. A classic narcissist.

For those fortunate enough not to have encountered this individual previously, be very wary. They ramped the sh*t out of Superdry for weeks trying to suck people and implying they new positive news was coming before the inevitable conclusion. I see they have now popped up here. I am sure you are all wise folk and won’t be swayed by the rantings of a fool - but just in case….

No thanks Gaz. I don’t short but have no issues with shorters.

No idea, but the Lawyer is reporting today that Knights is making redundancies.

Famous last words, but is this finally getting some momentum? This has taken far too long but it does feel like the tide may have turned a little. As I say, possible spoken too soon here, but feels positive.

Or Toffers?

Those of us with kids know that spaffing their inheritance on this is just a little, well, stupid. Honestly, when you step in dogsh*t do you then try and use more dogsh*t to wipe it off? No, you try and find something else that is less sh*tty.

I think we’ll find that ilovesushi sold at just the right time to make a lovely profit!

There are some real masochists on this board. I no longer believe in Darwinism.. These people shouldn’t exist.

Was that last 30 minutes interesting enough for you Munichmann? Who’s buying tomorrow?! The Japanese buyers so they can undo JD’s cultural appropriation?

Likewise, just couldn’t stop myself from a little top up today - despite the fact that this has the performance of a battered lada.

Each to their own Fordy. Just my opinion. Best of luck.

I’m not an analyst Fordy. I just understand property, and understand the minimum terms investors will accept in their best locations to protect their investment values, and know what I see with my own eyes. As I say, if you want to do more detailed analysis, you can get the information from the Land Registry.

When I said empty stores, I met footfall empty, though they’ll no doubt have some actual empty stores. Most retailers do.