Member Info for RazorsEdge

Vaccination, not ‘vacation’ but sure you knew that anyway.

:)

I don’t think JD would have the courage to take Sdry private in the current market conditions.
He made a multi million pound move with Superdry going public, has he really got the nuts to reverse the situation.
It’s catch 22.
If in a couple of months there’s vacation taking place up and down the country and the word on the street is Covid19 is history the market rallies and Sdry with it and hey presto gone is chance for a swipe at going private.

The talk of which doesn’t do any harm after a 12% negative thump.

and Superdry by 9.6 at 136.4

When the market in general recovers from today’s sell off sdry will recover lost ground too.
The long awaited numbers are now published.
The real reaction will come from the analyst remarks and ratings later today and throughout the coming week.

Guys it could have been a lot worse, not ideal but this is where we are.
It’s the analyst comments and price target adjustments that will set the path for the coming months.

https://www.google.co.uk/amp/s/uk.finance.yahoo.com/amphtml/news/retailer-superdry-points-improved-trading-064650468.html

https://www.londonstockexchange.com/news-article/SDRY/final-results/14691895

Took back control of the Superdry brand in China, by agreeing to exit our joint venture agreement with Trendy International
· Created the AW20 product range as a key milestone in our brand reset, under our new design philosophy, which clearly targets our nine consumer types through four distinct style choices

Julian Dunkerton, Founder and Chief Executive Officer, said:
"Our priority throughout the pandemic has been the wellbeing of our colleagues and customers. As with all retailers, we have experienced significant disruption to our operations, and this has inevitably had an impact on our FY20 results, but I'm proud of how everyone in the business has stepped up during this exceptional time.

While our underlying profit has been impacted by trading performance during the year, including Covid-19 related store closures, I am particularly pleased by how strongly Ecommerce has performed, with FY21 first quarter revenues nearly doubling year-on-year. This has been complemented by our increased digital consumer engagement, which helped drive a stronger womenswear mix than we have ever seen before. I'm pleased that we have delivered a good increase in the full price mix, which is up +12pts year-on-year and has had a positive impact on gross margin.

We are delivering on the reset of the business, despite the impacts of the pandemic. This has included re-invigorating the store design and layout, preparing for a relaunch of our website, and significantly increasing the number of options available both in store and online.

Above all, I am very excited about our new AW20 collection which will be almost fully ranged by the end of October and is the first full collection I've overseen since my return to the business last year. It reflects our new brand philosophy and a return to Superdry's design-led roots, which encompass a commitment to sustainability."

Current trading
Trading continues to be disrupted, but has improved from the end of FY20 as social distancing measures are relaxed and consumer demand gradually returns. Adopting a flexible trading stance, we have discounted more in recent months compared to the prior year to help clear excess stock which accumulated during the temporary store closures resulting from Covid-19. As at today's date, ~95% of our store estate and ~98% of our franchises have now re-opened with social distancing in place.

Financial Highlights3
· Total revenue down 19.2% to £704.4m, reflecting a planned move away from persistent discounting and latterly the impact of Covid-19 on Q4, with our entire store estate closed from 22 March until year end
· Full price mix4 up +12pts year-on-year, driving an increase in gross margin rate of 90bps. This is more than offset by stock accounting and bad debt adjustments resulting in a net 110bp margin dilution
· Full year underlying loss before tax £(41.8)m includes the impact of provision and accounting charges of £19.7m for inventory adjustments and debtor recoverability, offset by a £16.7m net credit from utilisation of the onerous lease provision and reduced depreciation due to impairment
· Statutory loss before tax of £166.9m (2019: £(89.3)m), includes a store impairment charge of £136.8m
· The first time adoption of IFRS16 increased the Right of Use assets by £287.3m on transition; the store impairment due to the revised trading outlook reduces the value of these assets to £118.0m at year end
· As previously announced, the Board has decided not to propose a final dividend for FY20
· Strong closing net cash position of £36.7m (as at 16 September 2020 this is £49.2m, 2019: £4.9m), reflecting the decisive and significant actions taken to preserve cash
· Post year-end, completed the refinancing of our facilities to an Asset Backed Lending facility of up to £70m due to expire in January 2023, with amended covenants

Operational progress and response to Covid-19 challenges
· Improved the customer experience in store through increased stock and option density
· Ac celerated our sustainability focus, with 19% products in FY20 made from organic cotton, and 100% of owned stores and offices converted to renewable electricity
· Grew our social media following by 14% to 3.2m through improved content and frequency of engagement
· As planned, closed three of our four warehouses in the US to improve profitability, and maintained effective distribution operations with increased online volumes throughout the Covid-19 lockdown period
· Managed stock closely, rebalancing and rescheduling product orders, reducing future buy and ending FY20 with £158.7m of inventory, down £28.2m versus last year
· Reduction in FY20 capital expenditure when Covid-19 hit, approximately £7m lower versus our pre-Covid-19 investment plans
· Immediate reduction in overheads and discretionary spend, down £2m per month during lockdown
· Negotiated short term rent deferrals and accelerated lease renewals across our store estate, achieving on average 43% reductions on the 49 leases agreed to date

Shares on major European stock markets were lower in premarket trading on Monday as several countries reported a steady increase in COVID-19 numbers. The daily count of coronavirus cases has risen across the UK, France and Russia. British Chancellor Rishi Sunak is expected to unveil this week the business support loan program. In other economic news, the Deutsche Bundesbank is expected to release its monthly report with a detailed analysis of current and future economic conditions.

The DAX fell 0.52% at 7:37 am CET. The FTSE 100 declined 0.91% at the same time. The CAC 40 slipped by 0.57% at 7:41 am CET.

The euro gained 0.21% against the greenback, trading for 1.18642 at 7:39 am CET, while pound sterling increased 0.27% to go for $1.29519 a minute later.

Shares on major European stock markets were lower in premarket trading on Monday as several countries reported a steady increase in COVID-19 numbers. The daily count of coronavirus cases has risen across the UK, France and Russia. British Chancellor Rishi Sunak is expected to unveil this week the business support loan program. In other economic news, the Deutsche Bundesbank is expected to release its monthly report with a detailed analysis of current and future economic conditions.

The DAX fell 0.52% at 7:37 am CET. The FTSE 100 declined 0.91% at the same time. The CAC 40 slipped by 0.57% at 7:41 am CET.

The euro gained 0.21% against the greenback, trading for 1.18642 at 7:39 am CET, while pound sterling increased 0.27% to go for $1.29519 a minute later.

Breaking the News / AM

Hello Bill the Superdry website doesn’t have an alerts feature, the results are expected on the website at 7am and simultaneously here on the sdry page rns list.

Superdrys share price will probably Bob up and down like a cork. I don’t think anything drastic is about to happen.
The market by this stage isn’t expecting anything positive in the numbers and if Superdry have any good news I expect the market to greet it well.
What I don’t like seeing on a release day is the share price running in negative territory and shorters posting doom and gloom while inexperienced longs suffer.
So I see tomorrow as possibly turbulent but with a reasonable outlook backed up by analysts reratings.
So if the price does fall tomorrow I am cool that there’ll be a steady recovery for the rest of the week.
Good luck all, I hope we get a surprise to the upside.

Centamin

In uncertain times investors buy gold. That’s good news for gold miners like Centamin (LSE: CEY). Currently trading at a forward price-to-earnings (P/E) multiple of 16.1, the African-based group looks cheap compared to its defensive nature and growth potential.

It also has income potential. The price of gold has jumped this year and that has helped Centamin’s bottom line. At a time when so many other companies have had to cut their dividends due to falling profits and sales, the rising gold price has helped the group maintain its cash returns to investors. The stock currently supports a dividend yield of 5%, compared to the market average of 3.5%.

As well as this income potential, Centamin has no debt and enough cash to sustain its dividend for nearly four years without any income.

That’s why I think this is one of the best UK shares for income and growth.

https://www.fool.co.uk/investing/2020/09/19/best-uk-shares-to-buy-id-invest-5k-in-these-3-stocks/

Superdry’s share price is “bombed-out” but the clothing retailer boasts robust cash generation and a reputation for reasonably-priced quality, leaving it well-placed to prosper in a pandemic-scarred economy. Buy (135p).

https://www.google.co.uk/amp/s/moneyweek.com/investments/stocks-and-shares/share-tips/601993/share-tips-of-the-week%3famp

Last year Julian Dunkerton, the founder of the company managed to regain his place on the board, prompting the existing board to resign en-masse. Since then the shares have struggled as investors weigh up whether he can deliver a plan to turn the business around, with the current Covid crisis complicating matters enormously. In August the company agreed a new £70m debt facility out to January 2023, which replaced the one that was due to expire in January 2022.This week’s full year numbers are expected to show that total group revenue has declined 24.1% year on year. In terms of store reopening’s 95% of stores had reopened in August, with store revenue down 58.1% in Q1. E-commerce showed a 93.2% rise in the same quarter; however, these numbers aren’t likely to give much clue as to what the final full year numbers will look like when they are released. It’s more likely that investors will be more interested in how management see the rest of the year playing out, than with the full year numbers.

Superdry no.11
https://www.google.co.uk/amp/s/www.fxstreet.com/amp/analysis/flash-pmis-eu-summit-german-ifo-cineworld-superdry-smiths-group-kingfisher-results-202009181502

For the ignorant (like me):
“ DescriptionTriple witching hour is the last hour of the stock market trading session on the third Friday of every March, June, September, and December. Those days are the expiration of three kinds of securities: Stock market index futures; Stock market index options; Stock options.”
— Wikipedia
Causes a little turbulence... I think Centamin has become immune, seems very strong lately.
Like the market is taking something into account that hasn’t yet been announced.

Shares on major European stock markets were mixed in premarket trading on Friday as investors' remained focused on the coronavirus pandemic and the course of the economic recovery from the virus-caused crisis. The number of daily coronavirus infections in Germany reached its highest level since late April, while the UK added nearly 3,400 new cases with experts suggesting the country may need another lockdown in October to contain the pandemic.

On the political field, European Commission President Ursula Von der Leyen claimed it's still possible for the European Union to agree on a post-Brexit trade deal with the United Kingdom despite the fact London passed the Internal Market Bill. Meanwhile, traders await economic data from Germany and the UK that are set to be released before the opening bell and may hint the pace of the recovery from the crisis across the two leading European economies.

The DAX increased by 0.15% at 7:45 am CET, while the FTSE 100 declined 0.05% at the same time. The CAC 40 in Paris was flat at 7:57 am CET. The euro was virtually unchanged against the greenback, trading for 1.18520 at 7:44 am CET, while the pound slid 0.09% to go for $1.29621 at 7:49 am CET.

Breaking the News / GA

Happy Friday y’al

Shares on major European stock markets were mixed in premarket trading on Friday as investors' remained focused on the coronavirus pandemic and the course of the economic recovery from the virus-caused crisis. The number of daily coronavirus infections in Germany reached its highest level since late April, while the UK added nearly 3,400 new cases with experts suggesting the country may need another lockdown in October to contain the pandemic.

On the political field, European Commission President Ursula Von der Leyen claimed it's still possible for the European Union to agree on a post-Brexit trade deal with the United Kingdom despite the fact London passed the Internal Market Bill. Meanwhile, traders await economic data from Germany and the UK that are set to be released before the opening bell and may hint the pace of the recovery from the crisis across the two leading European economies.

The DAX increased by 0.15% at 7:45 am CET, while the FTSE 100 declined 0.05% at the same time. The CAC 40 in Paris was flat at 7:57 am CET. The euro was virtually unchanged against the greenback, trading for 1.18520 at 7:44 am CET, while the pound slid 0.09% to go for $1.29621 at 7:49 am CET.

Breaking the News / GA

Happy Friday y’al
Cey looking great!

Well done ElProfessor, who knows what is the right position to be in but I think this comment from the July Q2 release has to point to the expectation of a favourable outcome form the licensing around and hence an upward reflection in the share price.
An update could come from Centamin at anytime.
The comment:
“ Centamin, with the only commercial gold mine in Egypt, believes there is significant untapped gold resources within the Arabian Nubian Shield, and is currently evaluating the opportunities presented by the current bid round. We look forward to updating our stakeholders in due course.”

...so do all the clowns.

I expect the shorters will disrupt with disturbance and turmoil over the coming days but sure we expect that anyway... don’t we!

Seems fair enough, announce midday Thursday for report 7 am Monday.

“First thing Monday morning” is the highest announcement point of any week...
if they’re not good and don’t go down well, we’ll have all week to regret it or on the other hand, we’ll have all week to bask in the glory.

An announcement on a Friday would suggest fear. (at least that’s not happening)
Great that the waiting’s nearly over.