Member Info for WackWack

Yes, Euan sounds like a Failing Grayling trainee.
He hasn't yet invested in any ferry companies that don't have ferries, as Grayling did, but neither is he showing any ability to turn any ships around - first Morrison, now SDRY.
There are good people out there. Pity we are stuck with a loser.
I think the II may well tell him his time is up.

Strongly worded for sure - pity we don't see such commitment in product development and store management.
Indeed, they are blaming JD for the very things which they are still continuing to do, like failing to diversify the product range.
If they think it is so wrong, why don't they get on and diversify?
I fear their strong words about "unanimous" and "committed" are misleading, merely trying to protect their asses.
They are sitting on losses which can not possibly be ascribed to a man who left so long ago.
If they disagreed with him, they should have started busting their asses the moment he was out the door.
But no, they sat still.

Spot on. When you are in the shop buying the thing you want - like a jacket - you invariably look for other things - no jacket.
I first learned about about SDRY when a girlfriend showed up in a jacket.
I just supposed that they must sell other things.
Like cargo pants. Even I am a big fan of those.
I used to keep my earning in the extra pockets but nothing more to carry since I invested in SDRY. :-(

Thanks for this latest, J,
sounds to me like I had better start lobbying JD to get you on the board with him. :-)

As for visiting the flagship, yes, I did go in. Sorry to admit it, but I have never been in before. I am not much of a shopper. So I was actually surprised by the place. I felt it was a bit like an Alpine ski shop, which might be good or bad I would not know. But I agree with you, the place lacked zip. I did not see something of the flaws you mentioned but there were tags on the floor, merchandise needed straightening and sales people seemed scarce. Only plus was that the place was busy and many tags were full price.

Finally, re your previous comment, marketing departments are best when the product is good and it seems SDRY desperately needs to launch something to create the buzz you mention. And Nike sneakers is not going to cut it. I understand these guys are somehow cash rich so they should use it to get some new lines out there.

So Jimini what does this mean for we poor PIs?
SDRY had already announced in December that they wanted to cut £50m so this is no big surprise.
My take is that they are cutting costs yes easy peasy
but not growing the business / market share or margins.
So I suspect this is worth nothing for us. But I defer to your wider knowledge.

Thank, Jimini, clearly we live in interesting times, as the Chinese like to say.

Thanks, Jimini, sounds an awful lot like Brexit then!!! Ugh.
Except probably the dates are clearer.

So the announcement should come on the first day of Spring if not earlier.
And the EGM take place by the 3rd week of April - on or around Easter time.
Maybe someone can pull a rabbit out of a hat.

Great. I love it when I clever plan comes together.

Meanwhile, Jimini do you or anyone else have any idea of what the timetable looks like now.
What is the state of play?
JD has filed something asking for an EGM or similar and been rejected I think.
Whose move now? When might we next see some push one way or the other?

Thanks, Jimini, but alternative is that they are too afraid of his "help" - including the failing he might expose and the people he will call to account.
They were not going to let an investigative eye into the inner circle without fighting tooth and nail.
Goodness, if they only put the same energy into running the company.
Anyway, as I think agreed, even if JD fails, he will have put a rocket up their behinds.

Jimini, we at least all seem to be in agreement as of this am: to wit, the current Board is crap and JD might have a hard time influencing it even if he did manage to get back on board.
So where are we heading?
If JD's move fails, then the current management are left intact but might at least be woken a bit and try to do something to impress the market, even if it doesn't turn the company around.
If JD's move succeeds - and I am guessing it might because (I am also guessing) he might easily find enough support among suffering investors to support him as their last hope - his mere success might give him more power than he had before he left.
Either way would be win / win - but I guess like Brexit it could still many many ways rather than simply either / or.

Thanks for the thinking bandit.
Certainly one bad apple can spoil a bunch so you have to hope one positive thinker might have a positive influence.
I know Jimini has no faith in this board as it is so presumably he would welcome JD and Co on board to do what they can as there is no alternative.
Of course I can't speak for Jimini.

Well, they would say that, wouldn't they?
It will be interesting to see the public response of the other largest shareholders who have apparently been consulted and shown no enthusiasm for JD's return (see below).
This all sounds a bit like May's assertions that she is carrying out the will of the people while being afraid of a Vote to find out what the will actually is at this point.
BTW I wonder how many other major shareholders are there??? Any ideas? And how much is held by PI's?

""The Board has also, since Mr Dunkerton commenced a public debate in October 2018, engaged in ongoing consultation with Superdry's other largest shareholders about Mr Dunkerton and Mr Holder's views.
Those shareholders have made clear their continued support for Superdry's Global Digital Brand strategy under the current management team and have encouraged the Board to ensure the delivery of that strategy. None of the other shareholders that the Board has engaged with has indicated support for Mr Dunkerton's return to the Company

And .... just received this from the site contact: Obviously things are moving fast.

Thanks for getting in touch; you’re quite right
- that functionality (to sign up for updates) will be added early next week

Okay, I see it now - the launch / press release is dated yesterday. What time? No idea.
Nor do I see how to register for future updates, which might indicate the timing for any General Meeting to consider this proposal.
That aside, the website looks good and considerable thought has gone into this pitch. Let's hope it works.

Mind-boggling. Movement at last. Where to exactly, I wonder?
When exactly was this announced? No impact on shares so far.

"We have been left with no other option but to requisition a general meeting to put the question of my return to the Board, together with the appointment of Peter Williams, a retail industry expert with outstanding experience, to a shareholder vote. Together we can turn things around and set Superdry back on the path to creative and operational success.

Shows what happens when management manage.

Shares in Gap (GPS) soared 23% in extended trading after the company announced Thursday that it would break into two businesses.
One of the companies will contain Old Navy, while the other business will comprise Gap, Banana Republic and other brands including Athleta and Hill City.
The separation is a tale of two vastly different businesses. Old Navy has thrived in recent years, and sales at stores open at least a year grew 3% in 2018.
Meanwhile, the Gap has struggled — its sales fell 5% last year. Banana Republic has been closing stores, which has helped the company improve sales.

Obviously you enjoy rollercoasters more than I do, Rory5. These 5% swings frustrate me.
Must be wonderful for any MM who are picking the highs and lows correctly. I certainly wouldn't have guessed we would drop straight back down from £5.50 to £5.00 Did not see that coming.
And now where are we going? There seems to be some support at £5.20 and I too feel £6.00 must be do-able.
Now if it would just go for a straight climb instead of these unexpected plunges!!!

What a ride these last few days have been? I considered selling everything at £5.45 a few days ago, and wished I had sold the last few days.
Now I have another decision to make.
Which way is it going to go this time. Are we finally due a good rise?
Or are we going to plummet 5% again. Grrr.

Well, it seems there reason we could not find any good news to explain the mid-week rally is that there was no good news.
Maybe the City that should know only imagined something.
So we have fallen back to £5.20 which is not too bad considering that would have looked "high" much of the last 2 months.
So which way next week? Can it make £5.20 a new bottom? Or are we destined to plunge below £5.00 yet again?
I guess it depends on whether and when some good news finally appears.

Yes, it is now back at it's highest point since the crash more than 2 months ago (except for 15 minutes @ £5.45).
Can it hold it this time? Even add to it?
If there is any good news (perhaps behind this rise) it should continue.
Now if I could just find that good news!!!!