Member Info for TheForeman79

I agree - he's trying to steel the remaining 25%.

Yes you won't get anything back until after the restructuring plan in 2027, but at 1p a share it's a joke.

They sold ip for Asia (very small proportion) for about £80-£90m recently. The restructuring plan got them out of all the non profitable stores in the UK and he's now opening new ones.

Once they pay back the 2 loans from Hilco and Bantry Bay which based on FY25 would be a year to 18 months it's all just cash on a reduced turnover of £350m to £400m

You need to go to the corporate action section of your ii account. They only put it up yesterday. 1p per share

FY25 £'m, FY24 £'m, Change %

Group Revenue 374.6 488.6 (23.3%)

Gross Margin 218.2 268.5 (18.7%)

Gross Margin Rate 58.2% 55.0% 3.2 pts

Adjusted profit / (loss) before tax 33.8 (48.3) -

Adjusting items 17.2 (16.9) -

Statutory profit / (loss) before tax 51.0 (65.2) -

Net Working Capital 54.8 51.6 6.2%

Net (Debt) / Cash position (36.0) (12.9) 179.1%

I would take up the open offer otherwise you will be diluted at 1p a share. They made £50m profit for FY25, so potentially a big upside

Was looking very smug this morning at the General meeting- knew he'd just bought back 67% of a company for £10m with £350m of savings from landlords and council tax over 3 years

FD said the restructuring plan approved by creditors saves them £350m over the 3 year period

Yes agree all pure speculation

Could get multiple bidders and push the price over £1, Dunkerton buy for 80p a share, not be sold and go go into a CVA to cut costs or Administration

Net debt is only around 32m. Cash in bank £30m - drawdown on Bantry Bay facility

Main issues for superdry are reducing UK store estate needs to be reduced by circa 15%.

They've taken £40m out of cost base by YE

Current market capitalisation only £40m on a business with £600m turnover and made profit in 2022. Pre covid profits were circa 10% of turnover at £60-90m per annum

Someone like Next could run very profitably and absorb excess stores