Jd Sports Fashion Share Discussion Threads

[canteatvalue] 15/12/2011 17:52

Any idea what's causing the absolute drop off in price here? General retail worries or something more specific? Even so, a 40% drop in share price over 5 months seems way, way overdone here. Net cash, a 4% yield and a mid single digit PE.

[tommyjnewton] 10/8/2011 12:16

Regarding our great leader Cowgill on page 8 of the Telegraph who feels physically sick over the JD Sports looting, I would suggest that what goes around comes around. Cowgill is far greedier than the looters. He grabbed a £300,000 bonus for nothing from another company, MBL (MUBL) for himself. MBL is worth around 2 million and losing money big time so the renumeration last year was outrageous.. He has no right to judge the rioters. Cowgill also allowed a bizarre minority 'investment' of £2 million into a tiny apparently worthless venture called u-explore. Maybe people should explore such suspicious activity.
The average Joe might want to judge the rioters but Cowgill should shut up and return the cash

[dugganjoe] 11/7/2011 08:29

JD Sports could have JJB chain in its sights
Sunday, 10 July 2011SHARE PRINTEMAILTEXT SIZE NORMALLARGEEXTRA LARGE
JJB Sports could face refreshed interest from sports and fashion rival JD Sports.

Sources suggest JD Sports could be lining up a bid for the chain which earlier this year struck a deal with its landlords to close more than 100 stores to keep it afloat. JD Sports last week lost out to Mike Ashley's Sports Direct, which snapped up Sir Tom Hunter's Cruise and USC fashion chains. Acquisitive JD recently bought Cecil Gee, and also took a stake in Spanish group Sprinter last month.

[jamesmaggs] 05/5/2011 06:51

Company Name Buy/Sell Date Trade Value Director Volume / Price

JD Wetherspoon Sell 04-May-11 £90,800.00 John Hutson 20,000 @ 454.00p

Vane Minerals Buy 03-May-11 £27,500.00 Matthew C. Idiens 1,000,000 @ 2.75p

Vphase Buy 04-May-11 £15,000.00 Richard Smith 1,034,483 @ 1.45p

Sinclair Pharma Buy 04-May-11 £11,880.00 Jean-Charles Tschudin 33,000 @ 36.00p

Vphase Buy 04-May-11 £10,005.00 Vanda Murray 690,000 @ 1.45p

[martinc] 13/4/2011 18:51

Down 7%? I thought the results look pretty good. I know the outlook statement is a bit wary.. but it always is, and they keep performing.

[spob] 11/3/2011 15:47

bid abandoned

idiots

[akhtar8] 11/3/2011 12:56

GCI comment on JD/JJB situation

[honiton] 19/2/2011 06:50

big sread due to illiquity of stock (big chunk in private hands)

[uhound] 16/2/2011 11:41

Went into 2 stores recently and they were diserted!

The shares have had a good run but I think we may see a fall back to around 700p.

[aishah] 02/2/2011 14:03

Seymour Pierce Buy reiteration with 1200p target

[spob] 02/2/2011 09:58

JD Sports in talks to buy rival JJB

By Claer Barrett and Mark Wembridge

FT

February 2 2011 09:28

JD Sports Fashion is in talks about a possible takeover bid for rival JJB Sports, the troubled sportswear retailer.

Bury-based JD Sports confirmed that it was in "early stage discussions with the board of JJB Sports", but added that there was "no certainty that an offer will be made . . . nor as to the terms".

EDITOR'S CHOICE
JD Sports weathers storm with sales boost - Jan-07JJB Sports likely to seek £50m cash injection - Jan-03SFO halts probe into Sports Direct and JJB - Oct-19Sports Direct seeks to oppose rival's restructuring - Feb-22

Struggling JJB has been the target of takeover speculation for some time, and its shares have fallen by 80 per cent over the past 12 months, giving it a market capitalisation of just £30m.

Larger rival JD Sports has a market capitalisation of more than £400m and roughly twice the number of JJB's 250 outlets, which sell sports clothing, shoes and equipment.

"The highly preliminary nature of these discussions is such that there can be no certainty that any offer will be made or as to the terms of any offer," said JJB.

In a separate announcement, the struggling retailer announced a long-awaited placing to raise £31.5m from its shareholders to cure a covenant breach on a £25m facility with Lloyds Bank. The quarterly covenant test, which was due on January 31, has been waived following the support of JJB's five major shareholders, which include US fund Harris Associates and activist investor Crystal Amber.

The emergency fundraising, which was mooted on Christmas Eve, comes only a year after JJB staved off administration through a £100m equity raising and renegotiated leases.

JJB also updated the market on Christmas trading, revealing an 11.1 per cent drop in like-for-like sales in the five weeks to January 23. Group revenue fell 12.1 per cent in the same period and discounting in JJB's post-Christmas sale reduced the gross margin from 26 per cent to 24.9 per cent on an annual basis.

That compares with a robust performance over Christmas from JD Sports, which saw analysts upgrade profit estimates after it reported a like-for-like sales increase of 2.5 per cent in January.

Analysts at Seymour Pierce offered mixed views of the possible takeover, noting that although JD Sports, with net cash of £70m, can afford to buy JJB, there was "little overlap in the store formats – JD's format is focused on sports fashion where JJB is striving to be viewed as a sports wear specialist".

But Seymour Pierce said that suppliers such as Nike and Adidas were likely to be supportive of a deal and that "there would be significant opportunity for synergies between the two businesses".

Last month JJB Sports was fined £445,000 ($706,500) by the Financial Services Authority for failing to disclose the true cost of two acquisitions which led to a false market in shares of the sports retailer for nine months in 2008. When this information was finally disclosed in September 2008, JJB's shares fell 49.5 per cent in a single day.

And in October 2010, the Serious Fraud Office dropped its investigation into cartel activity between JJB and rival retailer Sports Direct, but it is still pursuing a criminal investigation into individuals.

Shares in JD Sports fell 1.5 per cent to 835p on Wednesday, while JJB Sports added 21 per cent to 5.6p.

[shanklin] 25/1/2011 15:30

Interesting article from 2006

[spob] 07/1/2011 12:40

Q : What's a chavs favourite car

A : Vauxhall Chavalier GTI of course