Jd Sports Fashion Share Discussion Threads

[discodave4] 19/2/2014 15:54

Sod's law!..up & missed getting in as tied up at work.Oh well hope slight re-trace tomorrow.Assume movement today is on the back of decent SPD update.DD

[slogsweep] 18/2/2014 08:40

I have long since given up trying to predict the short term price of a share.
It's getting more like a lottery every day. Long term (more than a year) JD. look cheap compared with the alternatives in the sector.

In my local shopping mall they have moved out of a small store and into one twice the size that they acquired when they bought JJB about a year ago, so the consolidation of acquisitions is going ahead. A lot of the stuff they sell is relatively low cost but expensive to post and you need to try it on - eg. hiking boots, which I bought last week,so they can compete with the onliners.

[discodave4] 18/2/2014 08:01

Thanks Martin,My point was that from a consensus of a number of broker forecasts (as per the Morning Star website), the forecast PE & eps for year end equates to zero uplift in the share price - from where it is now. I do appreciate however that they are by nature a prediction which may not truly reflect what does happen. IMV the share price at any given time is purely the result of supply and demand and what the market believes is its true, or perceived, value, which may not fall into line with the normal financial metrics, I.e Asos.So my confusion is that I too believe that the current share price is cheap with reasonable uplift over the next year or so, BUT broker forecasts say the opposite (in terms of share price derived from forecast PE). Or have I got it completely wrong?.GLDD

[martinc] 17/2/2014 23:29

The only fly in the ointment is that, reading between the lines, Blacks is not being turned around. Seems to be worht holding on anyway though.

DiscoDave.. not quite sure what you're asking? Brokers forecasts are very far from perfect, but they often give a reasonable guide as to whether a company's earnings are likely to grow or not. It helps if you can find out if the forecasts you're looking at were produced before or after the latest news about the company in question. Also how many brokers haev made forecasts? IF only, one, the sample size is rather small. There's always a potential uplift in shareprice if someone is prepared to pay mroe for them tomorrow than they were yesterday.

JD is very reasonably priced compared to other shares, so there's a fair chance of them going up. Probably because of the uncertainty over those brands that aren't making any money.

[discodave4] 17/2/2014 21:44

SlogsweepFrom the MorningStar website the forecast for year end 2015 is pre tax £80m, eps 118.9 & PE of 11.8. (average of all broker forecasts).Please forgive my inexperience but does that imply that there is no potential uplift in the share price until year end?....it peaked too early!! Lol. Or if the PE stays as is then there's a potential 16% uplift? (Or brokers forecasts are pants haha).I'm confused!!DD

[discodave4] 17/2/2014 20:54

Thanks slogsweep.Will wait and see what happens.....thought the forecast PE was fairly cheap when I was looking in Nov/Dec last year so happy to sit on the fence before jumping (in).Does move a fair bit on low volumes....will shift upwards just as fast so a close eye needed me thinks.GL here.DD

[slogsweep] 17/2/2014 08:41

Small coy share watch article paraphrased:

tipped jan 09 @ 238p, gain to date 578%, we would be inclined to take profits

recent news - like for like sales up 5.8%, gross magins maintained, sports strong, fashion slightly disappointing due to strong competion. Investec forecasts £60.5 m eps 102.9p for year ended jan 31 2014. £69m and 121.1p this year;

after the recent fall itoprice of 1390 gives prospective PE 11.5. seems quite cheap compared to pre fall prospective PE of 13.6


hope this helps - since I didn't sell at top I will continue to hold as story hasn't changed just thin market volumes are tiny.

[discodave4] 13/2/2014 22:22

Taken from LSE BB by Mogie posted yesterday. Maybe this explains the drop?.Sports Direct's smaller rival JD Sports Fashion missed out, falling 63p to £14.17. The market's dopier elements, traders suggested, had confused the sportswear retailer with JD Group, a South African furniture retailer and provider of unsecured loans, which confirmed plans for a 1.5 billion rand (£83 million) rights issue. Thinly traded at the best of times, it takes only relatively limited selling (or buying) to move JD Sports shares sharply.http://www.thetimes.co.uk/tto/business/columnists/article4003177.ece

[discodave4] 12/2/2014 19:37

Fat Mike?DD

[trident5] 12/2/2014 17:41

Comment in the FT today - just said there was a seller

[discodave4] 11/2/2014 20:59

Seems an odd drop in share price today as most non food retailers (including SPD) have had decent increases.DD

[discodave4] 11/2/2014 20:46

SlogsweepGuess it's small company share watch - would you mind posting the article/link only it's subscription only.Many ThanksDD

[discodave4] 11/2/2014 18:36

Forgive my ignorance...who/what is scsw???Many thanks.DD

[slogsweep] 11/2/2014 10:44

scsw said ok to take profits

[richgar] 11/2/2014 10:12

Anyone know why the drop?

[discodave4] 31/12/2013 11:40

Hope Jd's 50% sale doesn't hit their margins like DEB, M&S, etc.....still more inclined to wait until after their trading update though just in case!!.DD

[discodave4] 24/12/2013 11:35

It's bounced today & at work so missed good entry point.....aaah well, sure there will be other opportunities (I hope!).May be fat Mike will offload the SPD stake & give me a good start to 2014.A Merry Christmas one and all & a very prosperous New Year.DD

[martinc] 24/12/2013 10:48

I think it being 2 days before Xmas is a factor. Lots of people are on holiday, and odd price changes can take place. Plus, maybe somebody just wanted to sell a load of shares ; have to wait nad see what happens.

[discodave4] 23/12/2013 20:19

Thanks typo had completely missed the fact that JD had been promoted.....must research more!!. Had been closely watching index rankings on stockchallenge.co as hold AHT but missed JD. as only recently put on my watchlist.Fairly new to this but would have thought that promotion would attract larger II's and more stable share price & growth rather than a fall like this, could you help explain this please?, thanks.DD

[typo56] 23/12/2013 19:43

Promotion to the FTSE250 today will also have given rise to increased volatility and volume these past few days.

[discodave4] 23/12/2013 18:54

Thanks XX, will hang on now probably until after the post Xmas trading update.Merry Xmas

[xyllyx] 23/12/2013 14:47

You are not alone DiscoDave4
Looks to me that the rather gloomy comments generally about retail sales for the Christmas period has affected the price of JD disproportionately due to the recent strong surge in JD share price.
I am happy to hold on to JD.

[discodave4] 23/12/2013 14:18

Currently down 9%......think I will hang on and see what happens!Hellooooo is there anybody here?DD

[discodave4] 22/12/2013 23:11

Thinking of buying in, fairly low current & forecast PE so looks good value IMO....any advice please, enter before or after trading statement 10th Jan??DD

[spob] 04/12/2013 08:25

Sold out yesterday morn

Risen quite strongly last few months

Looking fairly priced for now