Jd Sports Fashion Share Discussion Threads

[vb79] 04/7/2014 11:17

Wish I was clever enough to understand what you said matt123d!

[matt123d] 02/7/2014 23:27

It's breaking the quarter after a reversal hammer quarter. Red on the month, week and day.

[vb79] 02/7/2014 17:14

Strange drop at the end today. Any thoughts why?

[philanderer] 30/4/2014 19:55

Took profits today , luck to all holders.

[philanderer] 27/4/2014 17:20

MoneyWeek

27/04/2014

'Shares in focus: JD Sports leaves competitors standing'

[philanderer] 25/4/2014 12:37

In economic data this morning, UK retail sales volumes unexpectedly rose by 0.1% in March, according to the Office for National Statistics, better than the 0.4% drop expected by analysts.

Analysts at Barclays said that the data improves the outlook for household consumption. They said: "While we believe that earnings growth will be measured in the coming months, the increase in real earnings and strong job creation are boosting household revenues and further increasing confidence."

Sharecast.

[philanderer] 24/4/2014 16:15

Verdict Retail ?@VerdictRetail Apr 22

Sports chains (includ JD Sports,Sports Direct) refuse to stock £90 Nike England World Cup shirt, fans will find it too expensive @dailymail

[philanderer] 22/4/2014 13:12

Hi 2flatpack, sure does look like a breakout today. I'm out in Madeira at the moment with a poor wifi, so am having a job to find any specific news.

[2flatpack] 22/4/2014 10:05

Philanderer
you seem to be a lone voice.
good call on the share price reaction lets hope it doe's become a breakout
cheers

[philanderer] 17/4/2014 18:31

Good week and a possible breakout.

[philanderer] 16/4/2014 21:57

Results follow through and read across from SPD

[philanderer] 15/4/2014 20:57

FT:

" most of the heavy lifting in the division has been done, said executive chairman Peter Cowgill. "We can fine tune now," he added.

"We have had a very good performance from the Sports, which is benefiting from sports footwear popularity, especially among ladies," said Mr Cowgill.

[philanderer] 15/4/2014 13:26

Rescued Blacks and Millets break even for JD Sports

JD Sports' rescue of Millets and Blacks has finally paid off as the outdoor brands have broken even for the first time since they were salvaged two years ago.

The sports chain rescued the loss-making chain out of administration in January 2012 in a £20 million deal and has hired new management and teams, relocated its headquarters and warehouse, and improved stock. Executive chairman Peter Cowgill said: "We have got our arms around the business and improved the strength of the offer. We expect continued progress."

Blacks and Millets broke-even in the second half compared with losing £4.9 million in the same period of the previous year. It has also bought outdoor brand Tiso to bolster its share of the market.

The group, which has more than 900 shops in the UK and is growing its overseas arm, produced a 27% rise in group pre-tax profit for the full-year to £77 million. The star performer was its core sports business which reported a 20% jump in profit to £93.4 million and comparable sales up 6.7%.

But despite the turnaround at the outdoor business, JD has failed to improve its fashion division: it said that losses at the division had grown to £6.4 million from about £1.7 million for the previous year.

JD has attempted to turn around the fashion business by improving supply chains and its products. The fashion arm, which comprises Bank and Scotts and brand Tessuti, bought website Cloggs and chain Ark out of administration during the year. But Bank has proved particularly difficult and a new managing director has been drafted in.

Cowgill argued: "Fashion is a much smaller part of our business.

"We have seen a downturn in spending but we are putting the right framework in place to deliver an improved financial performance."

Analyst Freddie George at Cantor Fitzgerald said: "Fashion losses will either be markedly reduced over the next two years or management will be under pressure to dispose of these activities."

The group is looking at closing stores or renegotiating leases and said it needs to tackle "property costs which are excessive in some legacy leases."

[philanderer] 15/4/2014 09:30

15th april Investec buy tp 1900p
15th april Numis buy tp 1800p
15th april N+1 Singer buy tp 1800p

reiterations.

[philanderer] 14/4/2014 13:25

JD Sports braces for 30% profit boomMonday,

14th April 2014

JD Sports is expected to reveal a significant rise in profits this week.
In its most recent trading update the sportswear retailer revealed that like-for-like sales at its core business for the 48 weeks to 4 January were marginally better than the 5.8 per cent recorded in November.

Chairman Peter Cowling expects "considerable progress" this year as the business looks to continue its turnaround strategy as well as improving its stores.
In the first half of the financial year Millets, one of its brands, dragged the group's soaring profits down.

[philanderer] 14/4/2014 13:22

JD Sports pulls Oxford Street deal
10 April 2014

Sports fashion retailer JD Sports has pulled out of a deal to occupy a new flagship store on Oxford Street

Propertyweek.com

[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