Sports Direct Share Discussion Threads

[the_equaliser] 10/1/2017 21:26

Sports Direct bought back 455,700 ordinary shares yesterday at 281.0p apiece to be held in treasury.

At 3:44pm: (LON:SPD) Sports Direct International PLC share price was +2.2p at 284.7p


Story provided by StockMarketWire.com

[joan of arc] 10/1/2017 17:44

Having taken a quick look at this share why is it if it is running at a p/e of 6 they have not paid a dividend since 2008?

[nortic 007] 10/1/2017 17:41

DOW 20,000 beckons ???

[the_equaliser] 10/1/2017 16:39

Did i say
Watch for the trade

16:35:12 285.0000 239,566 UT 284.9000 285.0000

;o)

[nortic 007] 10/1/2017 16:11

Be nice if the same happened to retailers :)

[the_equaliser] 10/1/2017 16:05

Missed that boat maybe Glen
Also AAL/BLT/Fres today

But also added TW.

[nortic 007] 10/1/2017 16:01

Sorry to harp on about GLEN's and the like but someone who wouldn't touch them at 70p now can't get enough of them at £3 plus. It's a mad world we live in. That applies to all stocks.

[nortic 007] 10/1/2017 15:54

Things realty get moving when people think they are missing out.

[nortic 007] 10/1/2017 15:51

Can't believe how strong the markets are in general .......madness . Hope it doesn't end in tears.

[the_equaliser] 10/1/2017 15:48

Not much in to charting,
Only this is
They want to buy back shares at £3 as average
Either i am thick or i have missed something that the share price is at 280 smething

[nortic 007] 10/1/2017 15:46

I've been up town all day so haven't really been on the ball but I believe JD are due this week. Will be interesting to see. People might be starting to see a little bit more of a value play in SPD now. Time will tell.

[nortic 007] 10/1/2017 15:42

Equaliser / au24Good to hear from you guys . " The trend is your friend " as they say.Noticed that JD down and SPD up. You don't see that to often. Lots more activity on the board. It's s long road but we're getting there .

[au24] 10/1/2017 15:30

Daily upward trend establishing :)

[the_equaliser] 10/1/2017 15:28

Poss another large trade maybe EOD

[nortic 007] 10/1/2017 08:47

The price has to get there naturally . You need genuine buyers. We might just be starting to see that.

[whites123] 10/1/2017 08:44

No maximum individual price.
They can pay £4, £5 whatever they need to, up to maximum declared value or maximum declared stock amount.


The buyback will be for up to a maximum of 29,825,290 ordinary shares, representing approximately 5% of the Company's issued share capital, for an aggregate maximum consideration of £89,475,870, and is expected to continue during the period leading up to 21 October 2016 when the Company goes into a close period in respect of its half year results.

[nortic 007] 10/1/2017 08:39

Equaliser It doesn't work like that I'm afraid .Holders approach SPD's broker and place a sell order which is then executed around where the stock is trading i.e. 280. SPD can't go out actively and buy stock because (A) SPD are insiders.(B) Market manipulation If SPD stock naturally start to trade around that £3 level then they could buy say 5m at £3.The screen price can not be dictated by SPD .Hope I'm correct in saying this.Have a good one.

[whites123] 10/1/2017 08:31

Is it a max £3 per share, or average of £3 a share?

By that i mean total value declared vs total max shares declared as intended buy back.

The more they buy sub £3 , means a higher price can ultimately be paid as share price drives past £3

[the_equaliser] 10/1/2017 08:16

£3 a share, whats that from here
5% return semi gaurenteed

[discodave4] 10/1/2017 08:00

£258,974,379/86,324,793 = £3Makes me wonder!scapitalThink your completely wrong sir:"CFDs are derivatives products that allow you to trade on live market price movements without actually owning the underlying instrument on which your contract is based."Strange that Odey reduced his "underlying" holding and increased his CFD. Can someone explain please what this could mean. Noticed also that Odey has been increasing shorts in other retailers, DEB for one........makes you think doesn't it!.DD

[the_equaliser] 10/1/2017 07:48

Nortic

You are correct sir
I checked old RNS

[nortic 007] 10/1/2017 07:43

I'm not sure .I thought the max was £3. Can someone help please ?Thanks

[the_equaliser] 10/1/2017 07:38

Morning Nortic

The share price buy back,
Is there any limit they will not pay
As, 3.10/3.50...??

[nortic 007] 10/1/2017 07:34

Equaliser Morning sirThank youA small sum compared to the last 2 trading days.

[the_equaliser] 10/1/2017 07:20

Morning all

Released: 10 January 2017

Sports Direct International Plc
10 January 2017

SPORTS DIRECT INTERNATIONAL PLC ("Sports Direct" or "the Company")
SHARE BUYBACK

Transaction in Own Shares



Sports Direct announces that on 9 January 2017 it purchased 455,700 of its ordinary shares from Citigroup Global Markets Limited (acting as the Company's broker) on the London Stock Exchange at a price of 281.0 pence per share. The purchased shares will all be held as treasury shares.



Following the above purchase, the Company holds 48,350,354 ordinary shares as treasury shares. The total number of ordinary shares in issue (excluding shares held as treasury shares) is 592,252,015.