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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Supergroup - Very strong Q3 update

March 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SGP
  • Price:
  • 1630p
The shares hit a new high above £16 following an excellent update, which noted sales up 22% to £141.3m for the 13 weeks to 26 January, while for the first 39 weeks turnover was also ahead 22% to £333m. A focus on full price trading in the quarter meant margin gains achieved in the first half were maintained, leaving the group well-placed to meet broker expectations. Retail sales rose 18% to almost £114m in Q3, while nine standalone stores opened, two were relocated and following the acquisition of its German agency operation seven stores were transferred from franchised to owned. Total space growth year on year is c. 24% and with several stores due to open in Q4 there will be around 100,000 sq. ft. new spac ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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