Supergroup Shares (UK Clothing company)

chris_top_b

What do people make of these? Worth a punt?

The shares are worth 1p, If I place £500 worth of shares, How do I loose money on this if shares are only worth 1p? Im a new-bee in all this, so a little unsure.

Thanks

Cleaver

chris_top_b wrote: »

The shares are worth 1p, If I place £500 worth of shares, How do I loose money on this if shares are only worth 1p?

Shares can drop to be worth less than a penny. For example Millwall Football Club's shares were worth around a penny back in early 2001 and are now worth 0.02p. So if you had invested £500 in this share back when they were a penny you'd have about £15 worth now.

Lokolo

The price goes less than 1p.... it is possible

chris_top_b

thanks for the answers....What do people make of Supergroup, noticed New look pulled out of floating last week....Would supergroup be a risky option?

Cleaver

chris_top_b wrote: »

thanks for the answers....What do people make of Supergroup, noticed New look pulled out of floating last week....Would supergroup be a risky option?

I didn't realise that they were the people behind Superdry and Bench. Where did you see the listing price for the floatation? I doubt it will be a penny, I think you may have misread.

chris_top_b

sorry, it isnt just checked, the value is £0.01.....So Can you still loose on this?

cottager

This article mentions £5m is provisionally earmarked for private individuals:
http://www.moneyweek.com/investment-advice/share-tips-superdry-ipo-00907.aspx

turbobob

chris_top_b wrote: »

sorry, it isnt just checked, the value is £0.01.....So Can you still loose on this?

Yes if you buy shares there is always a risk you can lose money on them.

[Deleted User]

Hi,

chris_top_b wrote: »

What do people make of these? Worth a punt?

The shares are worth 1p, If I place £500 worth of shares, How do I loose money on this if shares are only worth 1p? Im a new-bee in all this, so a little unsure.

Thanks

you lose money if the company goes bust, I've registered, maybe a bit of a gamble, but I like these kinda things, noticed a few folk wearing the Superdry stuff, looks ok.

Edit: how did you find out about the IPO?

chris_top_b

[Deleted User] wrote:

Hi,



you lose money if the company goes bust, I've registered, maybe a bit of a gamble, but I like these kinda things, noticed a few folk wearing the Superdry stuff, looks ok.

Edit: how did you find out about the IPO?

I purchased a coat from them, but know them from Cult clothing, seem to be doing well. So if the shares are £0.01p the only way I can loose money is if the company goes bust, is that correct?

Ifts

SuperGroup IPO Said to Value Owner of Superdry at £395 million.
London-based Seymour Pierce Ltd. is managing the IPO. The shares may be priced at 500 pence apiece.

http://www.bloomberg.com/apps/news?pid=20601102&sid=a_0dCeo9YNFo