Superdry – shareholder approval for South Asian IP disposal, but how much is this really set to help a “turnaround plan”?
By Steve Moore | Wednesday 8 November 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Fashion brand company Superdry (SDRY) “is pleased to announce… approval of proposed disposal by shareholder vote”. This is for the proposed disposal of its intellectual property assets in India, Sri Lanka and Bangladesh, and what of a current 40.75p share price in response?
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