Dunkerton Holds 24% of Superdry’s Shares, Company Warns on Profits
- Superdry CEO Julian Dunkerton denies plans to take the company private
- Dunkerton holds 24% of Superdry’s shares
- Shares have fallen 41% in the last year
- Company lowers FY profit guidance from £10-£20m to breakeven
Superdry founder and CEO Julian Dunkerton has denied rumors of taking the company private, as per UK takeover rules, he cannot make a bid for six months unless another offer comes in or there is an agreement with the board. Refinitiv data reveals that Dunkerton holds 24% of the group’s shares. The company’s stock has fallen by 41% in the last year and has lowered its FY profit guidance from £10-£20m to breakeven. Shares closed at 118 pence per share, valuing the company at £96.4m.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Julian Dunkerton’s statement regarding his plans for the company, shares and stock performance, as well as the company’s financial situation. It is based on a regulatory update and Refinitiv data, making it generally reliable.
Noise Level: 4
Noise Justification: The article provides relevant information about the CEO’s statement on not taking the company private at the moment and updates on the company’s financial performance. However, it lacks in-depth analysis or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Superdry shares
Financial Rating Justification: The article discusses the financial performance of Superdry, a publicly traded company, and its CEO’s decision not to take it private, which could have impacted the stock price and potential takeover activity.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article. The financial situation of Superdry is discussed, but it does not meet the criteria for an extreme event.
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