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Well, its certainly what I was hoping Sandy would do and he's certainly delivering acquistions and bolt ons. Just a pity no mention of what the price is or whether its will earnings enhancing.Thats probabaly led to the muted reaction . Nevertheless the ROCE by Supreme has been nothing short of spectacular to date so I'm sure it will be more of the same.
Roll on the results.
Fantastic coverage today by a well known value investor. I presume their subscribers will get it tomorrow. Very in depth and huge positive hence the mark up today.
The only thing I would add to it is Supreme(Sandy) is very acquisiitive with incredible ROCE which will be immediately accretive to earnings so I would hope we will see a few of those in the current year with such a strong balance sheet.
Chacha,
Could you please make sure that you give a live results presentation to retail investors so it will give us a chance to ask questions and listen to your views along with your team.
Companies , such as PI World, investormeet etc all do this for companies and I'm sure would be delighted to have Supreme do such a presentation.
The update is good but I was clearly expecting more. The broker forecast on IPO was too punchy but this years forecasts look way more conservative.
Looking ahead we have vitamins launch at anytime and hopefully a high profile launch.
No, that's wrong think about. She says she wants to help companies make the move from 200-300million to 1billion.So that their target size of acqusition.
Also they raised around 130million so that with vendor rollover and a raise will get them their target of 200-300million.
I'm not investing 500k without being pretty sure of the acquisition size.
I would prefer her to go for a uk based acquistion in the tech space rather a foreign one. Either way, I expect the market to love whatever her choice is though given her track record.
No timeframes sadly Normally, the limit is around 2years otherwise they retrun the money. But clearly, Vin Murria , will find something well before then having invested her time and money .
I'm building a big position around these levels in anticpation of a deal but wouldn't be a shock if we had to wait till end of the year. Fingers crossed its earlier.
I'd imagine any seller of a 250mill market cap tech company would love to have her taking them to IPO.
Totally agree, my biggest holding.
The forecast of 510million for y/e2022 also seem light to me .Next year will probably include at least 50million from Deka and assumes only another 20million growth. But the biggest division, medical , should have picked up in 2022 as hospitals open up and EV has surely got to rise substantially as volex has all the main players, Tesla, VW and Ford probably signed up.
Also no doubt a few more acquisitions this year , as alluded to. I'm hoping for closer to 550million .
Long term hold . Absolutely top quality imo.
Looking at the broker forecasts, Berenberg are going for y/e 4/2023 of 139million revenue and 23.50 mill ebitda up from 122 mill and 18.80 for the year just passed 3/2021 , I just cant see those not being smashed.
The founder is aggressive in accretive, cheap acquisitions and has low capex. Moreover , he doesn't just want to be a 3rd party supplier once he has scale .he wants to manufacturer in house to improve margins.
I'm hoping for a forecast busting trading statement this month.
This is just a growth company and deserves a premium rating . On that basis , I'm about to add another 50-100k shares in a few minutes.
Can't see it falling to those levels...I'm expecting at least a 5%-8% premium today to the prices I've quoted. With the reopening set for next week and June, I think the outlook over the next few months for SSPG will be for 450 now its repaired its balanced sheet.
One can only laugh at anyone complaining about management options and the fact that they drew 16 million in 2019. The Ceo and his team have built up this company from revenues of 1million to circa 100million this year. Do you expect them to do that free. The ceo has also taken 60 million from the IPO but still owns 56% of the company. He is massively incentivized to grow this company going forward and his team also deserve to benefit from any uplift. His aim is to build revenues to over 200 million and judging by what he has done so far, I reckon he will do so. That is why I'm investing a lot of money at current prices as i know I will be rewarded with as a shareholder.
This is a growth company and I'd rather have staff and management fully incentivized to get that share price up.