Sports Direct Share Discussion Threads

[nortic 007] 25/1/2017 11:30

Noticed the £ strong against the $ so should be good for profit margins but not so good for disposals in $.

[seball] 25/1/2017 08:52

Worth 700p
When it comes to valuation, Phoenix wrote: “Our central estimate of the intrinsic value of Sports Direct is around 700p per share. If we exclude the brand licensing business, the European stores and the lifestyle business, so that we are talking only about the UK sports retail business, we estimate that it is worth more than twice the current share price [287p at the time].” It added that, for the current share price to be correct, “you would have to exclude all other businesses and assume that margins [in the UK arm] more than halve in perpetuity or that profitability declines by 5pc every year until it reaches zero.

[philo124] 25/1/2017 08:42

What happens when share support scheme ends?

[the_equaliser] 24/1/2017 12:47

Avg share buy back = < £3.00
So why wait for 2.70
Hmmmm
:O)

[terminated] 24/1/2017 12:35

Seems the only thing keeping these up over 280p is the buyback. I hope he has some plan in place because there is no point buying shares at 290 when you could buy them at close to 270. then when the buy back money dries up the shorters could pile in and put it under pressure. One would hope that he can judge the trading and expect these to be well over 300 after the results are announced.

[nortic 007] 23/1/2017 16:21

450/- just traded .

[nortic 007] 23/1/2017 09:24

Au24Morning Hope you're ok.Not so sunny today. Just had to pay my annual subs to ADVFN . Let's hope SPD can pay for it :)

[au24] 23/1/2017 08:53

Another lot-

'Sports Direct announces that on 20 January 2017 it purchased 510,000 of its ordinary shares from Citigroup Global Markets Limited'

[au24] 23/1/2017 08:51

Good morning Nortic,how is it in sunny Surrey today?

[nortic 007] 23/1/2017 07:09

SPORTS DIRECT INTERNATIONAL PLC("Sports Direct" or the "Company")Appointment of Corporate BrokerSports Direct announces that it has appointed Liberum Capital Limited as its sole corporate broker with immediate effect.Ends.

[terminated] 20/1/2017 18:59

Damn nearly got excited when it mentioned Debenhams going over 70p ^.^

[nortic 007] 20/1/2017 15:46

Just got an email . Posted straight away ...... sorry about that.

[ashbox] 20/1/2017 15:40

Thats from Jan 2015 Nortic....

[nortic 007] 20/1/2017 15:38

Never a dull moment with that bloke.

[discodave4] 20/1/2017 15:06

Round and round we go.....jeez :)DiscoDave4 - 19 Jan 2017 - 19:56 - 3460 of 3470 - 0MA moving his shares around by the looks of it and possibly updating % due to the share buyback. Basically though he hasn't bought any shares - 330k before transaction and 330k after.He has more than enough, why would people think he would buy any out of his own pocket anyway!.DD

[ashbox] 20/1/2017 14:36

Terminated - I believe so, yes.

[terminated] 20/1/2017 14:25

So if a company buys back shares and keeps them in the company account the voting rights of individual private shareholders increase to compensate for this? Just interested in the dynamics.....

[nortic 007] 20/1/2017 14:05

Ashbox Good point .

[ashbox] 20/1/2017 13:57

I believe what is happening is that, as each share buy-back occurs, MA's voting rights increase (shares held in treasury have no voting rights) even though his holding remains the same. As he crosses reporting thresholds he has to issue an RNS. Stand to be corrected though!

[discodave4] 20/1/2017 13:18

TerminatedSorry but read the holdings RNS. He has not bought any shares.DD

[nortic 007] 20/1/2017 13:15

Crazy moves today.

[thevaluehunter] 20/1/2017 09:47

MA at 56% and c9% in treasury with c500k of shares being brought back each day...

[nortic 007] 20/1/2017 07:14

BookmakerMorningYou discussed the other day about whether SPD would issue a Xmas trading update. I can't see that happening so close to MA announcing an increase in stake. But as I've always said no matter what a lot of people think about him.....he's no mug. Funny how Odey increased his stake the other day as well.