Sports Direct Share Discussion Threads

[terminated] 16/2/2017 22:25

DD cheaper shops always outperform competitors in harsher times. People don't stop spending they just want more bang for buck. Took another look around a SPD shop today, their prices are nearly half that of JD sports on many lines and look no different quality wise, JD's margin must be huge.. Looking back on SPD'S high profitability it was 2012 onwards at the height of the credit squeeze and wage deflation, and arguably much worse times than now. JD sports banging out t-shirts for £40 struggled in this period but prospered in the last few years as the economy improved, proving this case.

[nortic 007] 16/2/2017 13:02

Terminated Thanks for the feedback sir.Trying to predict the future these days is very hard. Just take a look at what is now the most powerful man in the world.... who could have thought that!!!

[terminated] 16/2/2017 12:37

The problem is the big fellas are happy to chip away at 1% increments. Everyone is waiting for good news or at least a trading update to help with assessments. Is one due? I was thinking about selling up a few days ago in the hope of buying back in later but I think his increased presence in the US is the key here. It's all about currency issues for me as the strong dollar is affecting margin and bombed the share price The Dunlop sale in dollars will be used to buy stock, but $140m might just make up 1st quarter purchase requirments. I'm not sure how much profits will be generated in the US with the new purchase but bolstering dollar earnings is the solution because valuations are based on a heavily hit margin due to the lack of hedging. I note the US business manufactures some of it's own brands also which could be sold to Europe boosting the us operation and avoiding the need to purchase in £"s. He could even increase debt on the US operation in the hope the pound will recover longer term. There are options here.Anyway I'm holding for this reason and I'm even thinking of topping up. These might drop to 290 but sometime this year they will take off towards £4, all imo.

[nortic 007] 16/2/2017 11:03

My view is the seller is nearly finished. The bears might argue that when SPD stop buying them that they'll go down. At this stage MA will have 56% plus SPD having 10% Odey 3.5 % plus 3 other institutions with a combined total of about 6% plus all the small holders . You gentleman do the maths but these things will have hardly any free float.

[nortic 007] 16/2/2017 10:47

Just the last months trading with intra day highs and lows plus closing volume .This is both for the bulls and bears to discuss . Take want you want out of these numbers . Please be mindful that even after you take out SPD purchase and matching sellers there's still a hell of a lot of volume unaccounted for.

[nortic 007] 16/2/2017 10:39

15-Feb-2017 296.70p 300.00p 301.20p 295.60p 1,930,731 15314-Feb-2017 299.90p 300.00p 300.50p 297.80p 1,304,844 15413-Feb-2017 300.00p 299.30p 301.34p 297.90p 1,329,916 15710-Feb-2017 300.00p 300.00p 301.84p 297.68p 1,162,123 15909-Feb-2017 300.00p 300.00p 302.20p 296.94p 2,353,546 16208-Feb-2017 300.00p 302.00p 303.40p 299.30p 1,798,189 16407-Feb-2017 301.50p 300.00p 303.10p 297.20p 2,220,716 16606-Feb-2017 300.00p 300.00p 302.30p 296.03p 1,487,959 16903-Feb-2017 300.00p 301.80p 304.10p 299.20p 2,554,734 17202-Feb-2017 301.90p 297.80p 305.60p 297.80p 3,994,150 17401-Feb-2017 298.40p 287.90p 298.40p 284.70p 3,462,659 17631-Jan-2017 284.00p 291.30p 292.50p 279.30p 2,834,806 16530-Jan-2017 290.00p 295.30p 297.40p 289.50p 3,742,145 16527-Jan-2017 293.60p 292.00p 295.19p 289.20p 1,587,421 16626-Jan-2017 291.40p 294.80p 294.80p 290.30p 1,806,451 16925-Jan-2017 292.30p 293.40p 294.80p 290.40p 1,957,520 17124-Jan-2017 291.00p 293.40p 293.40p 288.30p 1,919,907 17423-Jan-2017 292.60p 291.00p 297.20p 287.86p 3,046,695 17720-Jan-2017 290.50p 293.00p 296.30p 288.10p 1,796,561 18119-Jan-2017 291.20p 294.80p 295.99p 287.20p 1,634,332 18418-Jan-2017 293.40p 294.80p 296.40p 288.40p 1,994,479 18617-Jan-2017 293.70p 287.20p 296.50p 281.60p 3,113,900 18916-Jan-2017 285.00p 286.90p 288.30p 282.40p 1,969,889 188

[nortic 007] 15/2/2017 12:54

Terminated Very thought provoking comments .

[terminated] 15/2/2017 11:19

I do wonder if the proposed purchase of those US stores will help overcome currency shortfalls. If he uses the US operations profits to purchase goods and then ship them to the UK and Europe it would be far better than just converting dollars into sterling as he is effectively earning extra margin on the cash due to the dollars purchasing strength.I'm just trying to work out his long term solution because I'm sure he is working on one...

[nortic 007] 14/2/2017 14:46

1000-1 on they'll finish at 300 today?

[terminated] 13/2/2017 19:40

If you pound continues to recover at a slow rate this should creep up with it. The pound was pounded on brexit fears but the economy has continually defy the gloom mongers. We are one of the strongest economies in Europe and the pound is artificially undervalued. Sooner or later the pound should recover at least 10% in the next 6 months.

[useless23] 13/2/2017 15:25

I think you may be right Nortic. Punishment is on its way...lol

[nortic 007] 13/2/2017 15:08

My guess is there will be a trickle of good news flow to come out once the seller or sellers are finished . MA will take great satisfaction in taking all those doubters out a 300p and then the RNS's will come..... just a theory .

[nortic 007] 12/2/2017 19:52

PHILO124Hope he had a great time . We were on that corner flag. What a game!!!!

[philo124] 12/2/2017 19:37

My boy did.

[nortic 007] 10/2/2017 16:37

I notice the closing crosses are getting less and less which could indicate the seller is drying up.

[nortic 007] 10/2/2017 13:30

Fingers and toes crossed.

[seball] 10/2/2017 13:04

This is like coiled spring. Share price about to move higher very quickly with not much free float Imo

[nortic 007] 10/2/2017 12:54

StokiemattMaybe your correct . But there's very little stock about now and they seemed to have soaked up a lot of bad news recently. It's a flick of a coin mate :)

[thinkon] 10/2/2017 08:20

Interesting...

[stokiematt] 10/2/2017 08:20

@Nortic the opposite may also be true. Once SPD finish the buyback the share price may retreat back towards 270.

I can't decide which way it'll go, but without any good news coming out I can't see it going very far.

[nortic 007] 09/2/2017 20:27

When the sellers finished they will spike.

[au24] 09/2/2017 17:42

Nice read T :)

[terminated] 09/2/2017 17:34

Well I was in another sports direct shop today and was blown away. It was a former BHS store and it was a huge megastore. Wow what a transformation and I assume this was similar to the store ignoble was talking about. Clean, light and airy, products neatly laid out and a huge array of stock from bike accessories to camping stuff as well as the conventional offerings. I think I see now what he meant when he said he wants SPD to become the Selfridges of sporting goods world.

It was a one stop shop in every sense of the word and the staff looked really cheerful. I can't believe the transformation and if this is the future format (I believe he was up for taking on many of the former BHS stores) it is a sure fire hit.

[nortic 007] 09/2/2017 17:06

Good man ... I'll have a look.