Sports Direct Share Discussion Threads

[discodave4] 19/8/2016 20:18

undervaluedassetsPrimark!DD

[weemonkey] 18/8/2016 16:31

Yes next results will show retracements in most areas but that is surely in the price.

Even Next has had poor results - And that is without the house of commons breathing down their neck . . it is just nature of the high street currently.

However . .As you say long term ambitions remain intact

[undervaluedassets] 18/8/2016 10:37

Ultimately will go back to highs and beyond ...

Second largest clothing retailer in the UK currently. Next (whose growth trends over last decade have been pedestrian by comparison) being the biggest

Discounting recent well documented short term reputational impacts SPD will resume growth path and will end up being the largest clothing retailer within the next decade

I have no doubt that next SPD results are not going to be that pretty - But that is all in the price and people's memories are short. SPD will resume growth trends to become No1 clothing retailer in the UK . .

[deanowls] 17/8/2016 18:20

They will only be allowed to buy a certain percentage of the daily trades.

[rubberbullets] 17/8/2016 15:38

The financial position remains strong.
Owns more of its stores compared to JD
The shares are very lowly valued.

[bookbroker] 17/8/2016 09:59

Are there no shares available to purchase for the buyback, the totals are absolutely derisory each time they make an announcement, at this rate it will take years!

[weemonkey] 15/8/2016 15:44

touch of profit taking. But good news today I think re back pay.

[betelgeuse1] 15/8/2016 08:04

Bowling up

[betelgeuse1] 14/8/2016 16:15

bowl on chart to 800p

[betelgeuse1] 12/8/2016 12:53

bowl on chart to 800p

[betelgeuse1] 12/8/2016 12:38

WEEKEND MENTION WILL PUSH ON TOWARDS 400P

[weemonkey] 12/8/2016 11:27

Rally makes sense

See my post 2119

There is very little tradeable stock out there. And with every buyback that pond gets smaller.

The bad news is all in the price.

And after Next this is The UK's biggest clothes retailer (That ain't gonna change)

[oggyrocks] 11/8/2016 11:46

Come on SPD - lets break the £3 today.

[oggyrocks] 10/8/2016 22:05

Looked at if it was going to break £3 today. Unfortunately it didn't. Maybe tomorrow

[discodave4] 10/8/2016 22:03

Should have gone to specsavers!

[dadedidodu] 10/8/2016 07:09

Bowl forming to 500p

[weemonkey] 04/8/2016 10:33

As I said real market (tradeable stock) is very tight.

[1fox1] 02/8/2016 10:57

Bought in at 279p. Missed it by hemming and hawing at 256p :o( Quite happy around this price though

[deanowls] 29/7/2016 18:59

It clears out the shorters who have I would think been reducing. The brands that sports direct own will always sell product. The market certainly likes it.

[arja] 29/7/2016 18:43

weemonkey - fair enough but why choose shares in this company as plentty of others out there and might be oversold and have better long term prospects ? Of course the main might be to boost the share price - at least an up day today .

[weemonkey] 29/7/2016 11:47

10% of stock already in treasury before the buyback even started. Mike owns more than 50% and then there are the institutional holdings.

The fact is there is very little stock that is actually available to trade in the market as things stand.

Add a small shift in sentiment to the buy-back and this could motor as the real market in this stock is actually very tight.

[undervaluedassets] 29/7/2016 11:16

Nobody understands share buybacks.

Easy to understand really: 3 people own 3 Houses jointly as a business. There is a collapse in houseprices. one partner wants to sell. The other 2 buy out the third party cheaply using company money; These 2 now own 3 houses and wait for the recovery in house prices. These remaining 2 also get higher share of the rents and profits as they are only splitting these between 2 people rather between 3 people.

Happy days.

Astute use of Capital. If there is nothing cheaper to buy than your own stock then buy your own stock .

[weemonkey] 29/7/2016 10:49

Arja. They do because they see it as the most rational use of capital.

Which it is if the shareprice is cheap and you have cash on hand.
You buy out your business partners on the cheap when the assets that you and they jointly own are on sale. Then you and your remaining business partners own more of the comapany .

Warren Buffet has done exactly the same with Berkshire Hathaway; when his Berkshire Hathaway stock was cheap he bought back his own stock.