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Also I have noticed that the 20% off jackets offer has now ended. We now have 20% off hoodies.
Looking at the John Lewis website they have sold out in certain sizes and colours for certain superdry jackets.
So anecdotally sales are going well and hopefully we dont have a huge surplus of stock at the end of the period.
Demand for cruises highest ever:
https://www.reuters.com/business/travelers-ready-set-sail-cruises-record-levels-next-year-2023-12-04
Looks like more claims infaltion to come according to this report...
https://www.thetimes.co.uk/article/why-car-insurance-cost-uk-keep-rising-claims-07sknqphr
Hi,
I can confirm that the Southampton store was busy yesterday and today. Plenty of people at tills and plenty of people trying on stuff over a wide age group. However most stores were busy and definitely not as busy as last week. Last week it was rammed. I checked google trends over past few years and Novemeber December is the peak period for searches for Superdry. Jackets are one of their key products and look like they are selling well and stock is coninually replenished. Hopefully sales this year are comparable to last year
It is not so busy during weekdays
Hi Hope1815,
Please feel free to post here if it is informative info. I personally do not care about the volume as long as it is informative, ratonal opinions welcome too. I left advfn as it became a cesspit of bickering and nonsense. However this board has quite a bit of it too. Anyway look forward to any info
Mixed picture from this report:
https://www.retail-week.com/stores/black-friday-sales-decline-despite-buzz-on-uk-high-streets-and-marketplaces/7045089.article
It is good to see others are also seeing that Superdry stores are busy. I know that the Southampton store has been busy over the weekend. (I would not expect it to be busy on a Wednesday morning though)
Thanks for the analysis on the trustpilot reviews ... more anecdotal evidence.
I do however think they will struggle to beat last years xmas sales as it was a record breaking xmas sales.
The share price and company is very dependant on sales over this period, they need to sell their stock. The IP sales are good but are insignificant if they can not make their sales targets. This is why I track my local store sales over the weekend. If they have a lot of stock in their outlet channels at the end of the period this would be a bad sign.
This is all anecdotal evidence but I think retail in general has picked up its pace in last few weeks and it is looking good. I have no idea about wholesale which again needs to do well
Anyway used car prices are falling like a brick which is good for our underwriting business and motor insurance margins in general:
https://www.autocar.co.uk/car-news/business-car-sales/dealers-under-pressure-used-car-values-freefall
Yep definitely good riddance. Far too many mistakes and far too reactionery rather than intuitive leadership:
1. When the house brokers, Peel Hunt and PIs (including myself) wanted him to sell the underwriting business for circa £400M, he tried to sell Titan travel during a travel downturn.
2. tried to sell the underwriting business ealier in the year when it was the cheapest.
3. his digital crap.
4. blocked the 33p ( or £4.95) bid for Saga. You can argue that this may not have happened after due dilegence but equally it could have gone ahead. I also note that the peak (for literally a few weeks) price for Saga after this offer was around £4.30.
5. In fact not sure he did much at all apart from get deHann on board.
Oogleflugal,
Unfortunatley you have got it all wrong. Before he brought DeHaan in, there was an offer on the table of £4.95 (or 33p in old money) per share. DeHaan was brought in to block that bid and we never saw this price!!! ever after that offer.
Zccax77,
you missed off the £1M fee just to use the facility and of course if Saga refinanced it would presumably for the amount it needed and not to renogiate for the entire value of the bond. The point the calculation is complicated but I think they can do better than Rogers facility ... which is why Saga brought in Lazard to advise.
Alnwick,
I am with you. we should not be using Rogers financing ... it is quite punitive.
I think with regards to the underwriting part of the business, will have turned dramatically in last few months as my previous posts have highlighted ... especially the research done by citibank.
Anyway my first preference would be for Saga to sell AICL the underwriting business which should go for a lot more than the 90M which was the previous offer which fell through.
Refinancing on the ships would be a second preference. I think the current loan rates on them were 5.5% not sure they could get that again but should do much better than Roger's 10% plus 1M fee
ohhh and I look forward to Eldose increasing his ownership to over 5% which should happen by December 31st ;-)
Great news as this is now almost certainly woth more than it was 6 months ago :-)
Maybe they were listening to you last comment Bilzo:
https://news.sky.com/story/debt-laden-saga-turns-to-lazard-to-shore-up-balance-sheet-13017395
Sharecast - "We are now buy-rated on the UK motor sub-sector as pricing and Ogden tailwinds put us circa 17% ahead of Admiral FY24E consensus earnings per share whilst we are circa 7% ahead of Direct Line (LON:DLGD)’s FY25E consensus OPBT due to continued motor margin recover to a NIM of 11%," it said.
Citi (NYSE:C) said its own motor claims inflation index points to material improvements since 1H23 as it sees claims inflation at only 5.5% in October following material decelerations in damage related repair costs and improvements in repair cycle times.
"This points to a much better starting point for claims inflation in 2024E compared to +12.7% we estimated in December 2022 and is ultimately positive for 2024 margins," it said.
Citi hiked its price target on Admiral (LON:ADML) to 2,941p from 2,057p.
At 1100 GMT, Admiral shares were up 3% at 2,699.68p and Direct Line was 2.6% higher at 189.25p.
https://www.sharecast.com/news/broker-recommendations/citi-double-upgrades-admiral-to-buy--15392676.html
Nice article Correy thanks for the analysis ...
CITIGROUP raises Admiral from a SELL to a BUY and raises price target from 2057p to 2941p
CITIGROUP raises direct line Iinsurance price target from195p to 225p.
Both Admiral and direct line share prices rise today ... and Saga well ....