|JD Sports (John David Group)
||EPS - Basic
||Market Cap (m)
JD Sports Share Discussion Threads
Showing 851 to 874 of 875 messages
|New closing high today perhaps?|
|JD Sports is one of the most successful companies in the last decade with share price gains of 1,584%!
These are the contributing factors:
1. RISING PROFITS AND INCREASING MARGINS; - Profits grew from £8m to £133m in 12 years, whereas margins increased from 1.5% to 7%.
2. Revenue growth grew at a compound rate of 12.2% per year.
3. The value placed on the market on JD Sports is close to 40X earnings and EV/EBIT of 25X (a record).
4. For every BRITISH POUND spent, JD manages to produce an extra £2.45 in sales within one year of implementing capex.
5. JD Sports has a net cash position of over £112m.
For more: http://bit.ly/2n0sVYb|
|Nice - it can do that sometimes, there was a daft pull back on an ahead statement around the £10 mark from memory (pre split) when you could almost get the upgrade for free.|
|Sure did alphabeta, although I didn't get the best price. My average is 349. After getting 4 fills. Holding now for 370p. Conviction holding.|
|Hope you took advantage Fruitninja - IMO it seems to want to run the trend rather than the fundamentals, should have gone to £3.70 on that 15% profit upgrade. Expecting it to value out in the next few weeks.|
|I have been watching like a hawk and every time it touches (so far ) 341-342 it gets bought up. May be a good entry point.|
|Great results, especially maintaining 10% LFLs. SGP also announced today, their peak trading LFLs up by 14.9%. Both companies showing how multichannel retail should be done.|
|15% upped profit guidance, and 10% like for like growth maintained. Wow, for a mature high street retailer that must be one of the best results in the market.
I'm sure it will be a great day and all that with probably around 15% on the share price but I do have a quibble here - there is a significant undeserved discount to companies like TED whose results were far weaker and here you have significant net cash, not net debt. It would be nice to see some of that gap close given the number of upgrades here.|
|has anybody got some idea of wht kind of updarw we might get tomorrow?|
|Very useful Grosvenor thank you|
|I post here a chart of JD using VectorVest software - note the green line - this is VV's value and as can be seen it has been declining recently - a slight worry. The EPS though is still increasing.(The chart only goes to last Fridays close)
Here is the overall analysis of JD by VV
Hope it helps DYOR
PS Non Vectorvest subscribers can get free analysis of up to 5 stocks by visiting vectorvest.co.uk|
|Because ali47fish based on my thinking above I have worked out my estimates of what the likely outcome is and believe it remains good value. The company has had a good track record of producing excellent results and I don't want to miss these potential upgrades whilst waiting for a report on something which I have weighed up and think isn't likely to be a big deal.|
|please can you explain alpha on what basis you have rebought when presumably the investigation is still ongoing- i heve sold my holding with a very good profit but i am not clear at what price i should renenter- i sold at 307 with an avearge purchase price of 98p|
|Dept work and pensions getting involved, suspends recruiting from job centres pending investigation. Channel 4 news.|
|Thanks Grosvenor, I hope that £2.95 will come to look a bit of a bargain in time.|
|Great analysis - Alpha Thank you|
|I've done some detailed SPD research this morning - their warehouse problems led to a c£10m 'hit' for their policy to then pay above minimum wage, I've been trawling through a lot of articles but I can't see them ending up with big back pay costs and from JD's press coverage only 30% of the workers are Assist Recruitment which is where I would suspect the problems are most likely to come from.
The site in question employs 1500 workers who work 4 days on 4 days off so average of 42 hours per week. If to be cautious these were all full time (obviously not the case as some seem to work on zero/minimal hours) then that's 2.96m hours a year, or a wage bill of £21.3m based on the minimum wage. With JD having c£200m pre tax profit for the year (based on current analyst forecasts) changes to this wage bill would look to have a minimal impact on profits.
Since SPD started getting these problems in September to December last year their sales have been growing, c7.6% on forecasts according to Monrningstar. This has been above prior trends so there doesn't seem to have been an impact on sales from the coverage.
SPD's main problem looks to be they didn't hedge their currency exposure, causing a big dent to margins as with their customers being so price focused they've been unable to pass on price rises to the customer as easily (compounded by competitors being able to keep them the same because they did). EBITDA for the current year is forecast to fall from 502m to 271m and PBT from 407m to 130m which when you then chuck in a steady stream of corporate governance issues helps explain how they've lost over 2/3 of the share price.
Overall back on JD from an ethics stand point this looks to be disappointing and I hope they will properly address it. I have confidence in this because of the way it has run the rest of it's operations (hedging, back office cost control and efficiencies, consistent sales growth etc). Therefore I feel we're just left with a cost to remedy from the retraining etc. On a conservative basis I can't see this being above £10m representing 5% of profit before tax. So I make that a hit of 17p based on the prior price of £3.37 and the overall investment case intact, I've therefore rebought my position.|
|Sports Direct is a corporate governance problem, not a warehouse problem or Union problem. Likes of Amazon, Sports direct, JD., ASC, BOO & even BOK all operate similar warehouses. Unskilled, unqualified, potentially lazy, thieving staff have to be treated without being giving them the benefit of doubt. Unfortunately, with many of this social group, 'give them an inch & they'll take a mile'. A lesson I learnt the hard way when I ran my business.|
|Minor point - bigboots £2.80 would be £14 as 5:1 split.|
|Me too - albeit mine was at an average of 311 as I was working through a couple of statements first thing and didn't pick up on it until the break of 320 and was left wondering what was going on. I personally feel it's a bit of a pig trying to price these sorts of incidents - I will have a look at SPD and see if it can give me a clue(!) albeit I would hope this is on a much smaller scale without the same level of corporate governance issues!|
|I'd love to see them at 280 as well, having sold at 331.|
|Love to see these at £2.80 equivalent of £11.20 - would you believe it...|
|Looks like price getting spooked a bit now. I decided to chop sub 325 so will sit on sidelines and let this all work its way through. I'll also sleep a bit better tonight!|
|Don't you think if the market felt this was really material it would sell off badly today - markets tend to not wait for news unless it's material and as commented on this board it's bound to have a bias to create a story so that's already expected|