Superdry (SDRY)

Sector:

Personal Goods

 7.20p
   
  • Change Today:
      0.000p
  • 52 Week High: 84.80p
  • 52 Week Low: 6.10p
  • Currency: UK Pounds
  • Shares Issued: 99.09m
  • Volume: 0
  • Market Cap: £7.13m

Superdry tanks as CEO decides against rescue bid

By Frank Prenesti

Date: Tuesday 02 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Shares in Superdry tanked by more than half on Tuesday after the struggling fashion retailer revealed that chief executive Julian Dunkerton had decided against making an offer for company.


The news was announced after markets closed on Thursday and investors started dumping the stock, sending it 52% lower at 14.2 pence a share, and valuing the once-trendy label at £14m.

Superdry had been negotiating an additional multimillion-pound loan with one of its existing lenders - the turnaround specialist Hilco - to borrow £10m or more as it seeks new financial headroom amid a steep downturn in trading.

The talks between the clothing retailer and Hilco are on top of more than £100m of existing debt.



Reporting by Frank Prenesti for Sharecast.com



Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Superdry Market Data

Currency UK Pounds
Share Price 7.20p
Change Today 0.000p
% Change 0.00 %
52 Week High 84.80p
52 Week Low 6.10p
Volume 0
Shares Issued 99.09m
Market Cap £7.13m

Superdry Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.27% below the market average14.27% below the market average14.27% below the market average14.27% below the market average14.27% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Price Trend
97.93% below the market average97.93% below the market average97.93% below the market average97.93% below the market average97.93% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
35.51% below the market average35.51% below the market average35.51% below the market average35.51% below the market average35.51% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 1
Strong Sell 0
Total 2
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Superdry Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Dec-19 18-Jul-19
Paid 24-Jan-20 20-Sep-19
Amount 2.00p 2.20p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Superdry Key Personnel

CEO Julian Dunkerton
Chair Peter Sjölander

Top of Page