Primary Recommendations

Supreme - Second “profits ahead of” statement in four months

May 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.

I don’t know what 53-year old chief executive of Supreme Sandy Chadha has been smoking. In a recent video interview, he laid out his stall with a target to grow by just 10% a year (5% organic and 5% acquisitive) but since he took control of his father’s distribution business in 1990, he has been growing Supreme at a rate of knots. Chadha does not have the look of a Mr-10%. Last year saw a brief hiatus in his growth plans for his consumer goods business when cost inflation impacted the Sports Nutrition & Wellness side. There was also some weakness in Lighting (overstocking to understocking) and temporary headwinds relating to recent acquisitions (eg. carrying duplicate costs prior to consolidation) but as I describe below, it l ...

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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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