ocado and superdry

[rajr7]

Can anyone suggest , should I buy ocado or superdry at these level?

                                                                                                                   Thanks

[rimmy2000]

nobody of any sensibility will suggest what you buy. 

 

I have recently taken advantage of weakness in SDRY however, as it looks oversold. As to OCDO this looked overpriced before strategic announcement last week, and has still gained 10% today! 

 

What are your thoughts, and why these two in particular? Are you thinking the merits of one or the other or considering both..?

[rajr7]

Yes , I agree with you that superdry is oversold better option than ocado .I prefer to buy superdry .Ocado is over priced but, still

moving up.What you think that what is the good level to buy ocado?

                                                                         Thanks for your suggestion.

[JamesIG]

I missed this as I was on annual leave, but we had a big article on this which may be worth a read https://www.ig.com/uk/shares-news/ocado-share-price-soars-after-striking-transformational-deal--ha-180522 let us know your thoughts.

 

[rimmy2000]

I have been buying some Superdry SDRY, as the price has roughly halved *rubs eyes*

Based on the lower estimate guidance from the company and its historic 3yr PE, I have come up with this price target. £22.46, so roughly £20

It has reversed today and up 5%

Comparing it to the ratings of other high st brands, then stick it on a fc PE of 11 (same as MKS) and I get £13

On a PE of 14 (same as NXT) and I get £16.55

On a f/c PE same as BRBY I get £32.50

 

SDRY are updating the market on Thursday, good luck all.

"Superdry is scheduled to announce its Preliminary Results for the 52 weeks ended 28 April 2018 on Thursday 5 July 2018."

https://www.investegate.co.uk/superdry-plc--sdry-/rns/pre-close-trading-statement/201805100700065824N/

Edited July 2, 2018 by rimmy2000

[rimmy2000]

Group sales up 16%, PBT up 11.5%, EPS 93.6p (on tgt with broker estimates of 94p), ord div of 21.9p payable 21 sept, special div 25p payable 14 dec. looks good to me ? #SDRY

[rimmy2000]

£13 in auction, currently intraday up 8% and large trades going through

[rimmy2000]

sold today, not on valuation grounds but for other reasons. This is on the watchlist

 

cheers