As people have said - great dividend, massive discount to NAV but also remember they are back on track in terms of overall strategy plus valuations seem like they could be turning the corner (inflation will help) so lots of great stuff stacked together. I agree, anything under 100p is a bargain, I'm glad I stacked in during the mid-70s.
Wait, it makes no sense to sell pubs and then just "pay off the loans" to reduce LTV, why would the business do that? Yes a high LTV is never a great aim for a company but the BTL payments should be covered by existing rental which stays fixed as at the point of origination with the only change being interest rate fluctuation. If the non-pub side IS indeed profitable (and covered by rent) why would you pay back the bank?? The 200m will still be liquid asset that they could use to buy more properties and is the best use of the capital.
What you forget is that they now have a bit of £200m to invest in something else that generates MORE profit in the long run, in terms of the pubs I think they made a massive profit from the sale of it if I'm not mistaken, someone pointed out that they are selling for like 300% the original value they bought it for.
...I'd usually wait a little bit before buying, trouble is, a "profit warning" is the FIRST problem and usually an opportunity to air out the wood works. I made a huge profit at £3.50 or so the last time, I don't think it'll drop to that level - but certainly the £5 mark may be reasonable if it's on a "down swing", either way, I'd wait for it to "steady out" for a few weeks before considering buying. Oct to Feb is a strong period usually when things are going "up" so maybe worth a punt but not one I'm willing to take given current spate of bad news.
...is still falling in my opinion, for long term traders, best to wait till we experience a flat line for several weeks - I wouldn't blame anyone for jumping in - sub 900p for SGP is a good price even if it could drop lower. With SGP, if there is no news it naturally drops, best time to buy is a couple weeks before announcements in general. GLA.
..re-enter, until SGP shows a steady level/recovery for at least several weeks, it's tempting to buy now but you'll likely get your nose bloodied, sure you may lose a bit of opportunity but remember this, shares "steadily move up" and "rapidly drop". The last time SGP dropped to ~700 it quickly dropped even further...
...been looking at SGP for years now, and managed to escape this one totally - basically they're a complete dog from February onwards (lack of news or whatever), I've warned off this in my previous posts. My 2 bit is wait till October/November and re-buy back, enjoy the good announcement surge then drop off straight after year end results... it's worked well for me and seems to work for a lot of other shares too though it is illogical.
...looks to be starting, sgp tends to not fair well after feb annoucement guess no point in staying if there isn't going to be great news for a while.
...reckon pull back will be around Feb after the announcement on the 6th, if you look at the past years it's been very consistent, even across other industries - seems like the period Nov-Feb is pretty good for shares in general.
... during the run up to Q1 2014, if you thought the global expansion of TED is anything, SGP is gonna blow it away, they're wise NOT to give Divs because that's their main goal. Seeing more and more chinese wearing the brand and can see it being huge there, plus it's a lot more "everyday" than TED which is why I think it'll do even better.
Well done drax, yeah I've been trading this for a while though I was lucky to be out during the major drops... good to see that SGP are doing well especially when they were down around the 270s and people were trashing them calling it another FCUK, I held at 355 then at that was hard enough. Have moved my holdings into banks now...just feel they'll be turning the corner soon and we could look forward to some major growth (though arguably that's already happened).
Believe me if it manages to cross 920-930 early next week, I'm back in! GL.
You could also argue I dropped a clanger by NOT selling during the peak of the last announcement...am just maximising profits (or trying too!) Playing safe and holding is not a bad move at all either.
Check out the stats (be sure to look at intraday) for the last announcement.. I'm only speaking from experience, still believe sgp is a fantastic long term but it does fluctuate wildly for such a strong company.
...@ 883p, predicted a few days ago the resistance would be around 880-900p and from here on should float and drift backwards, looking forward to jump back in around the 750p level for an easy 15%.
...I think people don't really understand the implication of the results - given that Superdry is effectively quite saturated in the UK (limited growth if not nessasarily decline) the fact that they are STILL increasing revenue means that global strategy is working. This was something I was always excited about SGP, once they break the china market, the revenue will explode... As for DIVs, much better to have the flexability of using this to expand for now and think it's a wise choice given what they want to do.
...going by the previous announcements (and based on good news), my prediction is that this will hit 880-900-ish, float for a few days before drawing back to 720-750s. Several times the share hits a near barrier, retreats, then breaks that barrier on the next annoucnement, then retreats again and repeat... just seems a share that the MMs love mess around with.
...sold out of this, with so many other shares with potential felt my money would be better elsewhere. Defo see a recovery for this but not really till mid-2013 at least.
..to do with good feedback from Winter Collection? I wonder if stockbrokers have a department that actually access qualitative attributes like this.
p.s As of end 2012 they had £34m with no debt (see website) - so hard to think they could rack up £24m in such a short time...