Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The negotiated re-financing deal definitely settled things here, remember this was already having a pretty good run up to 1.30ish before the weekend press published hyperbolic BS about how much debt SDRY were going to be lumbered with & were on the brink of collapse, despite the fact they very clearly weren't.
Over the Christmas break there were some quite nice articles written about Superdry, in things like Investors Chronicle. There was a Liberium tip up to £5 which probably helped. I'm sure institutions may be loading up now things are clarified with the debt situation. Also, consumer spending across the board seems to have stayed strong over the Christmas period which is where Superdry makes it's money.
1.8 is my short-term target over the next week, that should cement the rerate that appears to be going on here.
If this can hit £5 by EOY then that's fantastic.
Longer term, I think if the board keeps things up and the business streamlined, then this could have some nice returns for many of us who weren't pressured by the media BS.
Anyone got thoughts on the new TT 120 range? Apparently been in the works for years. Only being sold directly by Hornby online and is pretty much the focus of Hornby for the next year.
Am I right in saying the last time it dropped from this price was because of the Friday close and then the weekend press decided to cause a mess regarding the refinancing? Even implying that Superdry was at risk of going bust, when it clearly wasn't.
This is having a rather nice start to the new year
There was a nice & balanced mention in Investor Chronicle's magazine this week
To be fair this was doing a similar rise & trading at these levels right before the scum media decided to spread lies about Superdry's impending collapse & dramatising a fairly innocuous refinancing negotiation.
"UK ‘has no plans’ to require Chinese visitors to provide Covid tests"
lol our stupid government making the exact same mistake as 2 years ago. It's almost as if it's intentional at this point
In other good news, I pulled another scrape of the Superdry Trustpilot page. Almost the same number of reviews this month as December 2021 and bare in mind there's still a couple of days for some other reviews to filter through so it could actually beat.
Indicates winter & Christmas sales have been strong.
https://twitter.com/CharlieUK98/status/1608216948365754370
The fact of the matter is, on paper MHC is more than capable of buying YGEN. In fact, buying it almost 3 times over.
In reality, is a different story. The smartest move would be an offer on the key part of YGEN's assets that benefit MHC. Aka the IP to the kits & buying the labs.
Penny & board are clearly clever people. I'm sure they will have something exciting for us to hear in due course either way.
Just another W in the bag for the Superdry board imo. They stay cooled, calm & collected. updated when they could, only with relevant information and then provided a solution.
I agree Danf, big things to come here if these guys keep up this good work.
Great trading update. Good to see Autumn/Winter season has started well. Happy Finance Agreement is secured. This should kill all of the silly rumours that the press have been buzzing about recently.
If MHC did do a takeover of YGEN, I think they'd have to be pretty brutal and do some culling. That extraordinary placing was clearly to stop the business going under which suggests it's not been well run.
The YGEN COVID test kits & labs are the key part of MHC's interests
With it being so close to Christmas I expect we won't hear anything for at least a week. Unless they want to sneak it in before the long market closures this weekend.
Just catching up on the YGEN situation... and wow.
Adam Reynolds recently left the Chair at YGEN. Adam Reynolds remains Chair at MHC. Adam Reynolds answered a QNA question during the MHC presentation a couple months back about M&A. He said M&A is definitely on the cards as long as the right target comes along.
Will be interesting to see the market reaction here tomorrow morning. Certainly a roller-coaster couple of weeks on the back of what I have been defending as a pretty amazing turnaround of the business.
Credit where it's due, others have been saying Dunkerton has been working to take this private again. Hopefully he doesn't get it on the cheap.
I agre Rob, nobody wants to get a "Heart profile DNA test" for Christmas - in fact, many might see it as an insult! But they may just spend some of their Christmas money on such a test, in time for a "new year new me" mindset!
I have been collecting some basic figures from the superdry.com Trustpilot page to try and gauge sales performance and compare review count month on month & year on year. Important to remember
However, I think most effectively we can monitor how many reviews there were for November in the pre-Black Friday era to once the Black Friday campaign had finished & November had ended.
Below are review counts & average reviews from November, taken at different times of the month.
Pre Black Friday 20/11/22 - 771 Reviews @ 4.13 avg
A week(ish) later 28/11/22 - 1,442 Reviews @ 4.15 avg (+671 since 20/11)
Data pulled early hours of 04/12/22 - 1,638 Reviews @ 4.12 avg (+867 since 20/11, +196 since 28/11)
Full review data on Twitter: https://twitter.com/CharlieUK98/status/1599495797586169859
Only thing to say about the Royal Mail strikes is it's affecting every single company that does delivery. In fact, every time I've had a conversation with someone about a letter or package that hasn't arrived, the default response if "Probably due to the strikes" - so I think people will know to blame the mail rather than the company for any delayed delivery.
Hoping MHC can mitigate this through offering alternative providers
Judging from last year, they gave interim results RNS on 16th December 2021. They gave an update on the gold on 14th December 2021.
Still plenty of time before the end of the year for a significant update.