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Supergroup - Shares soar after strong update

October 2011

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:
  • 1110p
Our main write-up on Supergroup last month proved well-timed with the shares soaring 160p on the back of a better than expected trading update. Total group sales rose 66% to £54m, of which retail sales increased 51% to £34m (versus plus 48% after 10 weeks) and wholesale sales increased 98% to £21m, compared with plus 75% after 10 weeks. Helped by cooler UK weather Supergroup's new autumn / winter range, which includes women's knitwear, jackets and accessories, has sold well while the expansion program is on track with another four UK stores and 10 international outlets opening in the period. Although edging down its pretax profit forecast by 2% to £68m (61p) and price target to “just†1900p to reflect a more c ...

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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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