Supergroup Opportunity21 May 2014 09:06
Contrary to the shorters who have been doing well, I think now is a great opportunity to get in this share. Its way oversold, victim to the mass may broker selling that's going on and I think I'm ready to jump in. The last statement only said profits were expected at the lower end of the forecast, everything else looked very positive. As far as the product range is concerned they say the winter 2014/15 collection is already showing signs of a positive response which is very encouraging. Those saying the prices are way to high are probably those who don't care about fashion and do their bulk buying at Primark. Remarks about empty shops are general as I have seen the Superdry shop packed on a Friday/Saturday.
The revised broker consensus based on recent results is around 1460, that's about right for now in my opinion based on current forecasts. But forecasts change as goods are sold.
A fantastic opportunity to get in!
Just my humble opinion. good luck all!