Not much to see here – I wrote a note to myself to do a follow-up on SGP (Supergroup) on a post I wrote 6 months ago.
I made the note:
This is reminiscent of PIC (Pace), whose shares have suffered swingeing declines, only to experience a massive bounceback. In both companies, management have been strengthened. I am expecting SGP to follow a similar pattern to PIC.
Over 6 months, SGP has risen 54%, compared with the Footsie of 8%. None too shabby! I dare say there are plenty of investors who did better – but I can live with a 50-odd percent rise in 6 months!
What looks good now?
LAM at 149p still looks good to me, with a big gap up to 300p still to fill.
VLX at 112p enjoyed a 13% increase today, having gapped down a couple of times over the last year. Directors have been buying recently, and reward/risk still looks good on the basis of EV/Sales, EV/EBITDA, and PFCF. I’m hoping for a quick assault to around the 145p level.
We shall see. But then again, I know nothing, so you’ve been warned.
Happy and prosperous investing, all.
[Edit: VLX closing price is 112p, changed from 100p]