Updates

Supreme - Accelerated trading in the first three months

August 2023

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.

Having had two upgrades in the past six months, Supreme accompanied full year results with a statement saying it has seen “accelerated trading” in the first 3 months of this year and will “substantially beat FY24 expectations.” For FY23, sales were up 19% to £155.6m. Pretax profit was down by £1.9m to £14.4m due to carrying duplicate costs of the acquisitions prior to consolidation, a reduction in the Lighting division due to customer destocking as well as cost inflation in the Sports Nutrition and Wellness category. That is ‘old’ news but the eyepopping ‘new’ news is the £16m swing in cash to £3.2m net cash. Vaping continued to be a standout with sales +75% to £76m (40% from three acquisitions), of which own brand dispo ...

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Supreme (February 2024)

Supreme - Upgrades expectations by £4m (3rd upgrade) (December 2023)

Supreme (November 2023)

Supreme - Upgrades guidance by 17% (October 2023)

Supreme - Second “profits ahead of” statement in four months (May 2023)

Supreme - Sells Red Astaire vape brand for €4.5m cash (April 2023)

Supreme - Disposable vapes grows strongly (March 2023)

Supreme - Upgrade cycle resuming (December 2022)

Supreme (September 2022)

Supreme (August 2022)

Supreme - Eps enhancing acquisition of Liberty Flights (July 2022)

Supreme (May 2022)

Supreme - Shares break into new highs (January 2022)

Supreme (November 2021)

Supreme - Launches digital vitamin brand (August 2021)

Supreme - Expands sports nutrition capacity (July 2021)

Supreme (June 2021)

Supreme - Multi-stage rocket in consumer staples (March 2021)

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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