||EPS - Basic
||Market Cap (m)
Real-Time news about Jjb Sports (London Stock Exchange): 0 recent articles
|bubble pricker: Interested parties are not bidding for the equity, they are bidding for JJB's assets. The equity is worthless, shareholders will get nothing. The market knows this, and that is why the JJB share price keeps falling. Anyone buying or holding JJB shares on the expectation of any value in the equity will lose the entire amount invested.|
|bubble pricker: bingo, it does not matter how many trades are done as AT trades and how many via MMs. The point is that the order book is open, so anyone including Stockriser can put an order in the order book. Stockriser's specific complaint was that there was limit on the number of shares he could buy. That is not accurate. He (and anyone else) can out ANY bid at ANY size and ANY price in the order book at ANY time. The reason the share price is not going up is that there are not enough buyers. Period.
Bingo, you are just bitter that you lost so much money in JJB, most of it by "averaging down". It's your own fault, you would not listen to what I and others told you on here time and time again. You were and are still in love with this share, and you now you blame others for your loss.
As for the Ninja, strockriser, blueday etc, they are rampant rampers who have made the mistake of buying into JJB in the hope of a quick bounce, which has now failed to materialise. They too are angry and direct their anger at those who point out that JJB will not rise and that shareholders will get nothing|
|meek: From RBS sharedealing.
JJB Sports PLC JJB.Stock Report PDF.OverviewChartShare PricePerformanceKey RatiosFinancialsBroker SentimentNewsOwnersInsiders.SummaryShare PriceShare Trades.(Start of Section)
(Start of Section)
-1.85|-78.23%.As of 30/08/2012
13:58:00 BST | GBX
Minimum 15 Minutes Delay.
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Last Close Day Range Mkt Cap 52-Wk Range Yield %
2.37p 0.36 - 1.85 9.618 0.36 - 21.00 -
(End of Section)(Start of Section)
ISIN Volume P/E P/S P/CF
GB00B646JG43 284,426,838 -0.02 0.00 -0.02
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Shares In Issue (m)
|bubble pricker: Bingowing, you are a classic PI "in love" with their shareholdings. You keep wheeling out news that suit your view whilst the share price keeps falling and falling. You blame shorters and insider dealing for the share price fall. The same seems to have happened on YELL.
There is a high probability that the JJB equity will be worthless soon. On the other hand, the upside is very limited. JJB is still a good short at these levels, as a 1p or even 0p level could be attained within months.|
|crosswire: JJB in discussions with "potential strategic investor"
3 April 2012 | By Gemma Goldfingle
JJB Sports has revealed that it is in discussions about additional financing with its bank and a "potential strategic investor."
The disclosure was made after the retailer's share price surged this morning.
Sportswear giant Sports Direct has ruled itself out, declaring it has not been involved in any discussions with JJB Sports.
JJB has held discussions with its lending bank and a number of potential strategic partners and investors over recent weeks to raise additional capital. It remains in talks with one of the potential investors.
It said: "Constructive discussions continue with the company's lending bank and one of the potential strategic partners and have been widened to include other key stakeholders."
Its share price soared nearly 50% this morning. JJB was the biggest riser today on AIM.
|ninja 19: Stmnt re Share Price Movement
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RNS Number : 7207A
JJB Sports PLC
03 April 2012
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION INTO OR IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT SECURITIES LAWS OF THAT JURISDICTION
JJB Sports plc
Response to today's share price movement
JJB Sports plc ("JJB" or the "Company") notes the movement in its share price and rumours regarding a potential offer for the Company.
The Company confirms that it has in recent weeks held discussions with its lending bank and a number of potential strategic partners and investors about raising additional financing for the Company.
Constructive discussions continue with the Company's lending bank and one of the potential strategic partners and have been widened to include other key stakeholders. There is no certainty that these discussions will result in the Company reaching agreement for the provision of additional financing.
A further announcement will be made in due course.
For further information, please contact:
|baldeagle5: There is one reason and one reason alone that JD are interested in JJB - sales & profit per sq/ft arbitrage. JD's sales and profit/sqft is equivalent to 60p + on JJB share price. If they bid 40p in stock and benefit from further buying power enhancing margins and head office cost savings etc then a stock bid of 40p will allow JJB shareholders to benefit AND create a formidable presence against SPD.
The wild card is a 3rd party bidder - whether DSG or otherwise - they could pay 50-55p cash.|
|jamesmaggs: MOTLEY FOOL
Will JJB Recover This Time?
Published in Company Comment on 9 May 2011
Could there yet be new life in the troubled sports retailer?
The merest mention of JJB Sports (LSE: JJB) is enough to have most investors hooting their derision.
The sports goods retailer's shares hit the giddy heights of almost £43 ten years ago, and were over £27 just four years ago, before the crash set in.
Earlier this year, they looked likely to go to the wall and the shares went as low as 11.5p in mid March when rival retailer JD Sports Fashion (LSE: JD) eventually decided it wouldn't make an offer for its troubled peer, after closely examining JJB's company voluntary arrangement (CVA) restructuring document.
That's correct by the way; a 99.5% fall from recent peak to trough in just three and a half years!
The CVA included a request to landlords for a 50% reduction in rent, the closure of 43 stores by April 2012 and the possible closure of a further 46 stores by April 2013.
Apparently, JJB's shops witnessed a dearth of certain goods as suppliers understandably became reluctant to supply their wares as they feared they wouldn't get paid. The shares, meanwhile, were only really regarded as a death or glory punt by most sane investors.
But all that may have changed and -- here's the thing -- if it truly has, it isn't yet reflected in the price.
History is bunk
From an investor's point of view, the company's long and somewhat chequered history is irrelevant to the share price today (despite the fact that some of us from the area remember the original JJB Sports in Wigan when it consisted of a single shop).
All that really matters for the share price is the situation now and anticipating what may happen in the future.
First the rescue cash; on 6 April, the company announced a placing and open offer to raise £60m net of expenses, at 40p per share. At the time of writing, the shares stand at 26p, valuing the troubled retailer at a little over £76m, and at a healthy discount to the placing price paid by, amongst others, the Bill and Melinda Gates Foundation. Perhaps the Microsoft boss likes his UK "soccer" tops?
The fund-raising was also supported by Crystal Amber (LSE: CRS), an AIM-listed activist fund which takes stakes in undervalued companies and takes action to enhance value, and notably successful investor Neil Woodford through the now main shareholder Invesco Asset Management -- whilst Chicago-based value investing specialists Harris Associates owns 25%.
These don't strike you as people likely to make bad investment decisions, but that's what the price is telling us -- so far anyway.
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Shrewdie at the helm
The shares transferred to AIM at the end of April, then just last week, JJB announced that Richard Bernstein, the Chief Executive of Eurovestech (LSE: EVT) would take a seat on the board. Bernstein was nominated by Crystal Amber Fund as its representative director.
This could be highly relevant to any potential recovery. Investors who have followed Eurovestech know that Bernstein is a shrewd and successful buyer.
Whoever is really pulling the strings at JJB; they have a lot of work to do. To the half year to the end of July, the retailer made an underlying operating loss of £22.5m, though it did have net assets of over £200m, and net tangible assets of £72.6m -- but a lot of that will depend on what those old Chelsea tops were being valued at!
Also, JJB previously staved off administration with a £100m in late 2009, and it wasn't enough. But if the new team turn JJB round and turn a reasonable profit via stringent cost-cutting measures, the shares could look cheap on an ongoing basis given full-year sales of 372.5m which were previously much higher; more than twice as high in fact.
We'll know more with the final results due in a few weeks. If there's any significant sign of recovery and cost-cutting, the market will start to recognise the progress in the share price.
Whether JJB will truly rise phoenix-like from the ashes remains to be seen -- but what can be said for certain is that it looks a lot more likely to do so at the moment than it has for quite some time.|
|spob: JJB staves off closure with £31.5m placing
By Claer Barrett
February 21 2011
JJB Sports has raised enough cash to keep itself going for at least another six weeks, announcing on Monday that it had successfully raised £31.5m from its shareholders.
Although JJB's five largest shareholders had pledged to underwrite the 5p a share placing, the vast majority of other shareholders shunned the opportunity. Aside from the big five, only 3.7 per cent of the sports retailer's register participated and the remainder have seen their holdings diluted as a result.
Retail sales rebound in January - Feb-18Sports Direct steps up pressure on JJB - Feb-17JJB plans fresh round of store closures - Feb-11JJB takeover would create winners on both sides - Feb-02
Collectively, Crystal Amber, US fund Harris Associates, Invesco Asset Management, GoldenPeaks Capital and the Bill & Melinda Gates Foundation now own 71 per cent of the company, up from 44.3 per cent before the fundraising, which was successfully voted through at last Friday's general meeting.
This has given management enough cash to carry on, but on its own will not cure the financial challenges the group is facing.
JJB's new management team, led by Mike McTighe, chairman, and Keith Jones, chief executive, are now working on a business restructuring plan, which it has been ordered to present to its lender, Bank of Scotland, by February 24.
This plan will consider "every single cost-cutting option available to JJB," according to a person familiar with the situation, as well as presenting a trading strategy for what could be a drastically slimmed-down operation.
Hopes of a takeover by rival JD Sports Fashion are fading and analysts do not expect any offer to be forthcoming before the company's finances are on a firmer footing.
JJB has said it will attempt to stem losses of about £4m a week by cutting stores.
It hopes to close up to 95 through a company voluntary agreement with its landlords. The details will be made public by the end of this month and form the backbone of the restructuring plan.
If voted through, this would leave JJB with a rump of 150 stores, on which it hopes to negotiate monthly rental payments to improve cash flow.
Although JJB says it is engaged in "an open and constructive dialogue" with 40 per cent of its landlords, shareholders were dismayed by press reports showing landlords' hostility to the CVA. They had hoped the CVA would be a catalyst for JJB's share price, which has tumbled 85 per cent in the past year.
Retaining the confidence of its investors is crucial, as JJB will shortly be mounting a second fundraising of £30m-£50m to fund the business beyond the last week of March.
Attention has been focused on cutting costs through store closures, but a further problem is the £20m annual running costs of JJB's head office and distribution centre in Wigan. With a surface area equivalent to 12 football pitches, it has the capacity to supply more than 450 stores.
JJB could try to raise cash by selling some of the sports brands it owns, such as Slazenger Golf, Champion and Run 365. But analysts say owning brands is the "magic dust" of sports retailing, due to the higher margins they generate.
The shares fell 17 per cent on Monday to 31½p.|
|sportbilly1976: just a mention of ft alphaville...
BEJJB Sports PLC (JJB:LSE): Last: 12.00, up 2 (+20.00%), High: 12.25, Low: 10.00, Volume: 9.62m
BEIt's not this stake-building stuff again?
NHno, no, no
BEBeen shoved around for weeks, that story.
NHbid rumour this time
apparently the founder David Whelan
NHis sniffing around again
NHthe idea being that JJB share price is low again
NHand the balance sheet has been bolstered by the recent cash call
NHand these founders always go back to the businesses they know
BERight. This all sounds plausible on JJB.
BEThe industry's a quasi cartel anyway, it's no surprise to see the same names reappear.
BEWonder what Ashley's reaction would be?
NHfrom page 5 of Ashley corporate handbook
NHwhen threatened by rival
NHwade into market
NHand buy huge stake
BEYup. Buy now and wait for the Competition Commission to react later.
BESame strategy Sky used to use|
JJB Sports share price data is direct from the London Stock Exchange