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This is a buy and hold share for me. Long term it is likely to outperform most other shares IMHO.
You're right, I think this is a bargain price, and this will go up to £25+ in the next 6-12 months. This has been due a correction for a while, I wasn't quite expecting this much though. It looks like this is being affected by worries about Japan, which is funny as the only thing that this company has to do with Japan is a dodgy logo :) The clothes are made in China, and the company itself is British. So however low it goes I'm in and buying more, as this will fly up again, far beyond its previous highs. ATB and GL.
People will be kicking themselves for not taking this price, come Monday IMHO. DYOR. GLA.
The price is looking extremely cheap to me now. Time to load up? The results when the come will be good IMHO. Anybody around to comment?
The kiss of death. That's why I try not to make comments like that. Hold, it will go back up soon. DYOR. GLA.
Hi there, I guess it is possible that they might start paying a dividend, I would not hold your breath. But if the price goes up another 50% in the next year its all good, so GL and ATB.
Hi charlie89, I'm still here, although on a somewhat reduced holding. I called this as hitting £20 in June back on 5th December 2013 when the price was 1182. No one took much notice then, but it looks a lot more likely now. I certainly feel that £27-£29 will be reachable/sustainable eventually. Wish all my shares had been as upwardly mobile as Supergroup :) GLA and ATB.
I always find it usually does the reverse of what I think it will. It thought it might go down as well, so I bought more instead. :) GLA.
I'm in. I can't see a lot wrong with this so at this price it looks cheap as chips to me. DYOR. GLA.
Hi there, the company isn't making losses, its just making a bit less profit. You would help yourself a lot by looking at the Fundamentals tab and understanding that properly.Suggested profit reduction is 6%, but share price drop was 57%, therefore, in theory, the price would now appear to be extraordinarily cheap, with still a good potential upside. There are of course no guarantees, and we could see the price drop further, so DYOR.
Hi there, personally I think that, with so many other shares not doing so well at the moment, that SGP is in a perfect position to carry on its move upwards. Certain other retailers, whose SP seems to have been defying gravity, are starting to run out of steam. While this certainly still has a lot of promising upside still to come. £20 target for next June.
What they are referring to is the Market Makers manipulating the price in an unexpected direction. It is their job to set the price at a level to balance off the buys against sells, hopefully resulting in the correct price of the stock. This can often result in the SP(Share Price) being lower than one would expect, or higher than one would expect. Eventually it all gets resolved and the SP gets to the correct price. Judging whether the SP is lower than it should be, or might go up to, or higher than it should be, or how low it might drop to, is how we make or lose money by trying to buy or sell at the right time. In my view it makes no sense for the market makers to try and manipulate the price, for whatever reason, but, if they are then there is nothing you can do about it, so don't worry about it. Just try to keep learning and you will get the hang of it eventually. Don't risk more than you can afford to lose though, especially while learning. Sorry if I am incorrect in any of this, other views are appreciated. GLA.
The rise will come I'm sure, but, as ever, the climb is long and tortuous. Sp £20 by June 2014 I recon, but those with a nervous disposition need not apply :) GLA.
I'm still with you. Don't want to say any further as I don't want to put the mockers on it. GLA
I think this might settle into a 1% per day rise from here, which would suit me and put a stop to all the make a quick buck leave scenario.
Yes, it will definitely be interesting. I have been trying to buy and sell at opportune moments but, I calculated that, if I had just held with the SGP shares I had when it was at its lowest, I would have been 40% better off. Who knew, still can't complain. :) GL and ATB.
Hi Badgers, long time no speak! Hope you are doing ok. I have been lying low for a while as I came to the conclusion that certain others were using my comments against me, and/or to their own advantage. Don't want to colour anybody else's decisions so will be keeping pretty much to the sidelines, thought I would say hello as expect that we are running on same tactics though, still trying to tame the bucking bronco. Selling 100k at 4:20 must be a deliberate attempt to depress the price before results, but I am ok with that. :)
I think I'm gonna have to give you this one. 6 months ago I would have given you 10:1 that we wouldn't be still at the same price, but here we are. It has to go up eventually, right?
...does it just have to get to £8 between now and 31st March, or does it have to be £8 on the 31st March for me to win? :)
Starting to look like you might want to re-adjust your £6.35 estimate fella :) especially now thatt we've lost these 'high rollers' after just a 4% rise. lol. Starting to look like it'll be closer to £8 than £6.35 ;)