09/06/2022 09:15

Super Retail Group (SUL)

SUL group operates brands such as BCF, Rebel and Supercheap Auto again like many of its peers, it’s struggled due to COVID and inventory issues but this is set to improve over the following year, unfortunately just when Australians tighten their belts, at this stage another 10% downside wouldn’t surprise.

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25/03/2022 09:37

Super Retail Group Ltd (SUL) $10.32

Super Retail (SUL) has struggled for a few reasons of late, one of the main ones being higher inventory in an effort to try and mitigate supply chain issues – but this is another quality operator with diverse brands that is trading too cheap in MM’s view on sub 11x earnings. We can see 25-30% upside here if retail indeed gets the bit between its teeth.

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14/01/2022 09:25

Super Retail Group (SUL) $11.84

SUL is the holding company for the likes of Rebel Sports, BCF and Supercheap Auto,  a very different product mix to JBH but its traded in a very similar manner since the breakout of the pandemic as they go in search of our discretionary dollars. This is yet another retailer forecast to yield around 7% fully franked which makes its appealing if / when we see a correction towards $10 which wouldn’t surprise us.

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07/10/2021 16:39

Super Retail Group (SUL) $12.38

SUL +7.75%: Strong today on the back of a bullish UBS report as they upgraded to buy and put a $13.50 PT on the retailer. We’ve owned this stock in the past, we like it and agree with much of the UBS commentary. Their confidence has improved around the Australian  consumer based on feedback from their economics team, however they also have this thing...

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18/08/2021 12:25

Super Retail Group (SUL) $13.03

FY21 Result: A good result for the retailer with like for like sales growth of 23% over the year booking an underlying NPAT of $306.8m, about a ~2% beat to expectations and up 107% on FY20 . That said, lockdowns are currently biting with trading to start the 1st 7 weeks of the year showing signs of slowing growth hence the muted share price reaction.

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18/08/2021 09:22

Reporting Today (BHP, BXB, COL, DMP, DHG, ABP, BAP, CTD, NWL, OZL, SUL)

A huge session on the reporting front today we’ll work through results throughout the day. Companies reporting today on MM’s radar include: BHP Billiton (BHP): Reported FY21 results overnight that were largely inline, however a lot of moving parts as we discuss below. Brambles (BXB): Reported yesterday afternoon and the earnings were inline with expectations. Underlying profit was $879.3. which was up 10% y/y and a whisker ahead of the $877m expected

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08/07/2021 09:33

Super Retail Group (SUL) $12.49

Retailer SUL owns the likes of  Rebel Sports, BCF, and Super Cheap Autos all household names which I visit often. The business has been doing well in 2021 reporting a 23% jump in half year sales with its 5.8% fully franked dividend feeling sustainable and by definition very attractive.

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05/05/2021 11:20

Active Income Portfolio – Amendments

We are tweaking the income portfolio, switching a retail stock into a property holding

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05/05/2021 09:26

Super Retail Group (SUL)

A few weeks ago we sold Wesfarmers (WES) from the Income Portfolio after a solid run and today our attention moves to Super Retail (SUL) after rallying 5% yesterday morning only to see those gains evaporate by the afternoon.

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04/05/2021 16:47

Macquarie Conference today

The presentations are often used to update the market as to where companies are at in terms of their guidance for the year with less than 2 months until the end of the financial year.

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