Share Name Share Symbol Market Type Share ISIN Share Description
Sports Direct International LSE:SPD London Ordinary Share GB00B1QH8P22 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.60p -0.87% 297.00p 296.90p 297.10p 301.90p 296.60p 298.50p 813,760 15:26:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 2,904.3 361.8 46.8 6.3 1,692.11

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Date Time Title Posts
23/5/201715:06Sports Direct (with charts)4,475
17/10/201613:44SP HOLDINGS.....Moving into profit !!!858
15/9/201613:46*** Sports Direct ***56
17/8/201615:38SPD reasons to buy-

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Sports Direct Daily Update: Sports Direct International is listed in the General Retailers sector of the London Stock Exchange with ticker SPD. The last closing price for Sports Direct was 299.60p.
Sports Direct International has a 4 week average price of 296.70p and a 12 week average price of 273p.
The 1 year high share price is 396p while the 1 year low share price is currently 251.20p.
There are currently 569,734,159 shares in issue and the average daily traded volume is 1,705,767 shares. The market capitalisation of Sports Direct International is £1,696,668,325.50.
terminated: You say assets are already factored into share price?Net assets 1.2b market cap 1.8b.The current market cap could be achieved by a company posting 170m profits.+ and very little assets assuming it shows it is continuing to grow and has a strategic plan to grow. But when that company has outlined a reasonable plan to expand into a growing high end market (whilst still holding onto the discount market it dominates), and when that company has economies of scale to accomplish this AND HAS net current assets of 1.2b (including many of the stores it trades from), how can you say it is factored into share price?Basically this insinuates if the company became insolvent it could hypothetically recoup 1.2b of it's 1.8b market value. So the market presence, shop branding and profitable trading history is only worth 500m in your opinion? Imagine someone comming in selling off all the assets and then floating the retail division on the market. To meet a 500m valuation it would have to struggle to hit 50m in profits each year. Maybe I'm missing something but it doesn't add up.
nortic 007: Does JD Sports good figures indicate that they might be taking market share from SPD or does it indicate the sectors good and SPD price should start to catch up . JD has now got a £4 billion market cap and SPD owns just under 3%.
stokiematt: In one of the buyback RNS it stated that shares would only be purchased sub 300. Effectively it means the share price will be supported at 300 and shouldn't go much lower for very long. However, the fact that it hasn't risen much over 300 suggests there are more sellers out there. Or someone is making money out of the 1-2% price range difference. I do wonder what will happen once the buyback is complete. Will the share price fallback towards 270? Without any good news I think it might. Although at 300 I think they are a very good buying opportunity.
seball: 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. Https://
nortic 007: Sports Direct shareholders to vote on fate of chairman Dr Keith Hellawell on Thursday, following investors' revolt at AGM in September last year | City A.M.Hayley KirtonSports Direct shareholders will meet on Thursday to decide whether the retailer's chairman should keep his seat.Dr Keith Hellawell, a former chief constable in his 70s, failed to find favour with investors in the company's annual general meeting in September, with just 47 per cent of independent shareholders voting to keep him as chair.Although the company came out fighting to hold onto Hellawell, recently introduced rules mean Sports Direct's shareholders must be given a second vote if he is to keep his position.Read more: Editor's 2016 review: What a year it has beenSports Direct founder Mike Ashley, who also took up the role of chief executive at the firm last September, could be the decider of Hellawell's fate, as he holds 55 per cent of the company's shares and Thursday's vote depends on approval from the majority of all shareholders, not the majority of independent shareholders. Ashley has previously come out in favour of his chairman.Meanwhile, shareholder advisory group Glass Lewis has recommended investors vote in favour of keeping Hellawell as chairman.Read more: Flash crash smash to Sports Direct's cash"While we acknowledge that many shareholders may choose not to support Hellawell's re-election...we are cognisant of the need for continuity in the leadership of the board, particularly in this period of flux," a note from Glass Lewis read.Ashley taking up the reins of the company is far from the only move on the board since the AGM, with acting finance boss Matt Pearson tendering his resignation within a month of Dave Forsey's departure as chief exec and former banker David Brayshaw joining as a non-executive director in December.Read more: Sports Direct was selling Louboutin heels online this weekend"The board believes that the re-election of Dr Hellawell, when combined with the appointment of David Brayshaw, will provide a balance of continuity and fresh, independent insight," Sports Direct wrote in a letter to its shareholders informing them of Thursday's general meeting.The quality of corporate governance at the retail chain was called into question on numerous occasions last year. In particular, a report from the Business, Innovations and Skills select committee slammed the company for running its Shirebrook warehouse like a "Victorian workhouse".Read more: A guide to who's who at Sports Direct after that management shake-upInvestors are also likely less than impressed with the company's share price performance over the last year. Shares closed 2016 at around half the price they were trading for at the start of the year. The firm's floundering share price caused it to be booted out of the FTSE 100 last March.Sports Direct | mobile imageHellawell, who has previously served as the government's drugs czar, has said, if shareholders back his position at this week's general meeting but the majority of independent shareholders do not vote to support him at the company's AGM later in the year, he will step down immediately.Sports Direct did not immediately respond to City A.M.'s request for comment.
nortic 007: Sports Direct (SPD) shares have plunged this year as the retailer has been engulfed in controversy over its treatment of workers and corporate governance breaches. That has not discouraged Aurora (ARR) investment trust which has added to a big holding as the stock has fallen.In this video interview, Tristan Chapple, a director of Aurora and its fund manager Phoenix Asset Management Partners, explains how Sports Direct typifies the fund's long-term, value-driven stock picking strategy. He argues Sports Direct's low-cost business model remains successful and praises the management team under Mike Ashley, the company's founder and majority shareholder.Can't watch now? Read the transcriptGavin Lumsden: Hello, with me today is Tristan Chapple, director of Aurora investment trust and Phoenix Asset Management. Now, you took over management of Aurora at the beginning of this year. Before that it was a small and pretty badly performing investment trust. What have you done to turn it around?Tristan Chapple: Yes, it was essentially a family, a friends and family investment trust that performed very badly and dwindled to £15 million of assets. We've been in business 18 years running a concentrated portfolio using a value approach.GL: You run a Phoenix UK fund based in the Bahamas?TC: That's right, it's an offshore fund which we've run for 18 years. It's not accessible to UK wealth managers and retail investors and we wanted to bring our approach to that audience, so an investment trust enables us to do that.GL: So you've got a fund on the London Stock Exchange and you've completely changed the portfolio and you've got quite an unusual approach. And you've been buying shares, for example, in Sports Direct. So I'd like to talk to you about that. It's been a huge story this year. Everything's been thrown at that company: accusations of share price manipulation, underpaying the workers and corporate governance failings, all sorts of things. And there's been a profits warning since Brexit. So the shares have fallen off a cliff but you've been buying in and you've got about 10% of the fund in Sports Direct.TC: That's right.GL: What's the attraction?TC: Just taking a brief step back. The approach that we use is to look for really high quality companies. We use a phrase 'long-term greats' internally. But we want to buy them at a price where they're not being priced for quality. So we never pay half of what we think a company is worth.GL: Does that mean a company will be in some sort of trouble for you to be buying into the shares?TC: Either a perception of trouble or some fundamental problems where there is a price over-reaction, so effectively things have got too cheap but where we think the shares are worth more than twice as much what they're at. So paying 50%. In Sports Direct we think they're worth £7-8 a share.GL: What gives you the confidence that the shares will bounce back.TC: So we think fundamentally the company has had a series of PR problems, which is a bit of an understatement, but we do a lot of 'mystery shopping' and a lot of monitoring of our investments, involves going into stores in the UK or in Europe and comparing the performance of the business against its competitors. And where we're able to do that we see Sports Direct outperforming where it needs to, so, for example, when it was killing JJB, its main competitor in the UK, it could sell something at a lower price than JJB and make more profit from it, so they're the low-cost producer, that's their business model. And that continues today. If you put aside the PR issues what you have at the core is a business run by an incredibly able management team, able to sell the same things for cheaper than its competitors, including Amazon. So we look at a basket of goods: a cricket bat, an England football shirt, 10 or 12 things and Sports Direct is able to be cheaper than all its main competitors on that basket of goods.GL: So you think it will be able to grow its market share even further?TC: I think its market share in the UK is around 50%, it can probably grow a little bit. The big opportunity is in Europe where at the moment the price of the shares, you're getting the UK business for less than it's worth. You're paying nothing for the European business and its prospects there.GL: So you think Mike Ashley is essentially a good manager of that business.TC: Yes, but I wouldn't want to underestimate the impact that the management team below him have. So he's got a very, very loyal, long-serving cadre of people who effectively allow him to focus on what he likes which is the sort of high-level, strategic thinking, which is really important to the business, whilst relying on his bench of executives to really run the business on a day-to-day basis.GL: What do you think of other investors, institutional investors who have been campaigning against the group quite publically? I mean are you glad they're doing that because it's enabling you to buy the shares cheaply?TC: Most of the noise is around corporate governance, or what people take corporate governance to be. Our answer to most of those criticisms is that we are trying to make money for our investors over the long run. And the most important thing for us is that management are aligned to shareholders. And with Mike Ashley owning over 50% I think any of these corporate governance concerns, whether it be his son-in-law running the property side of the business, ultimately you're in business with this guy. And that's what we think.GL: OK well Tristan thank you very much for telling us about it, we'll have to come back to you in a year or two's time to see how it's all panned out.TC: OK thank you.
nortic 007: Didn't dip and the closing auction . I'll take down 0.9 % all day long. Would like to think SPD share price have absorbed a lot of so called bad news.
discodave4: SPD floated in Feb 2007 @ 300p, Div 2007 1.03p (0.5%)Div 2008 4.5p (8%)Last Div April 2009 1.2p (2%), share price 69p (its lowest since IPO)So with a divi the share price declined from 300p to 69pOnce the dividend ceased the share price increased steadily, even post the recent profit warnings the share price has increased more than five-fold.......doesn't reflect negative investor sentiment towards not having a dividend IMV.DD
scapital: If anything could negatively impact the SPD share price a bad deal with BHS is right up there.
osirisra: Well they don't seem very wise at the moment as SPD is down 20p from where I bought and I sold CEY to fund the SPD purchase (CEY up 6% since I sold). That is the market for you, sometimes it takes your level headed thinking and knocks it sideways. Not to worry though, my reasons for buying SPD stay the same. Let's also not forget that we have the Euro's coming up this summer, along with The Olympics. Fingers crossed that the first set of results out post these two events will be a rocket under the SPD share price.
Sports Direct share price data is direct from the London Stock Exchange
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