Sports Direct Share Discussion Threads

[thevaluehunter] 07/10/2016 20:36

Market cap will get overtaken by BOO on less than £200m sales vs SPD at £3bn.... crazy market

[discodave4] 07/10/2016 19:49

FY17 eps now looking to be about 24p, PE12 gives 288. Will wait for it to hit 250 again.DD

[fozzyb] 07/10/2016 17:19

SPORTS DIRECT SLIDES AS IT WARNS OF CURRENCY HIT TO EARNINGS(ShareCast News) - Sports Direct International slid on Friday afternoon as the company warned that its full-year 2017 earnings would take a hit from recent currency movements after sterling tanked overnight.The group said guidance provided in its trading update in September of underlying earnings before interest, taxes, depreciation and amortisation of around £300m was based on a GBP/USD rate of approximately 1.30.In light of recent downward currency movements, it had entered into a hedging arrangement with respect to the GBP/USD rate."Extreme movements overnight resulted in a crystallisation of that rate at 1.19, resulting in a negative impact of approximately £15m on the company's FY17 underlying EBITDA expectation," it said.Sports Direct added that after taking into account the hedging above, if the GBP/USD rate is 1.20 on average for the remainder of full-year 2017, the hit to its FY17 underlying EBITDA expectation would be an additional £20m or so.Sterling slid as much as 6% to hit its lowest level against the dollar since 1985 in Asian trade, with market participants speculating that it could have been the result of a faulty algorithm or 'fat finger' trade, with low liquidity also thrown into the mix. The plunge coincided with comments by French president Francois Hollande, who said the EU should take a tough stance with the UK during exit talks.

[bigboots] 07/10/2016 16:25

So no profits - still maintaining at least £275m profit !!!

[danboris2] 07/10/2016 16:16

On the other hand it is cash rich (hence share buyback and ability to make significant property purchases) with a CEO who has a point to prove and masses of skin in the game. A business like this is resilient

[32nddegree] 07/10/2016 16:13

- Wafter thin margins with Britain heading to recession/no growth = no profits or loss predicted
- Stores need refurbishment = money
- Cash also needed for fines/pensions

Not very attractive, looks every inch the value trap it is!

[strutt12] 07/10/2016 16:09

So they get to buy more shares back ;-)

[s34icknote] 07/10/2016 16:03

Sinking fast !

[danboris2] 07/10/2016 15:52

I think the drop today is an overreaction. Buy at this price and it should come back over the next few days

[undervaluedassets] 07/10/2016 15:49

All retailers face the same currency headwinds as Sports Direct.

And people that are skint will head to Sports Direct.

There is nowhere else to go. They are simply the cheapest. That ain't gonna change

[festario] 07/10/2016 15:39

Well, someone was in the know, because despite another share buy back the price has been falling all day.It stinks doesn't it?

[bigboots] 07/10/2016 15:29

wasnt expecting that

[thevaluehunter] 07/10/2016 15:12

Ouch.... 1.19

[festario] 07/10/2016 15:11

A shocker.....

[bigboots] 07/10/2016 14:15

How long until Mike A takes this private again... its loose change to him at this level

Good read on Sports Direct

[che7win] 07/10/2016 13:46

Fest,
compared to JD sports, looks a bargain. I'm accumulating more, Sterling weakness probably the factor today.

[festario] 07/10/2016 13:28

Che7win, a shame that despite the constant share buy backs the price just drifts.The market just doesn't like the fat bloke, not many do!

[molrey] 07/10/2016 09:05

Good read on Sports Direct

[discodave4] 07/10/2016 08:56

This being traded, 280 to 300 ?DD

[extrader] 06/10/2016 08:39

Hi all,

A bit of a buider's bum forming chart-wise, if you believe in these things...

ATB

[tattooed93] 06/10/2016 07:46

Buying back buckets loads


Transaction in Own Shares

Sports Direct announces that on 5 October 2016 it purchased 184,046 of its ordinary shares from Citigroup Global Markets Limited (acting as the Company's broker) on the London Stock Exchange at a price of 296.6 pence per share. The purchased shares will all be held as treasury shares.

Following the above purchase, the Company holds 45,487,354 ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 595,115,015.

[che7win] 05/10/2016 16:41

Hopefully over £3 tomorrow

[blackbear] 05/10/2016 16:05

Should be back to 350p soon the company buying its own shares seems to be working.