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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Jjb Sports | LSE:JJB | London | Ordinary Share | GB00B646JG43 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.40 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.40 | GBX |
JJB Sports (JJB) Share Charts1 Year JJB Sports Chart |
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1 Month JJB Sports Chart |
Intraday JJB Sports Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/4/2014 | 16:40 | JJB--- The Recovery Starts here 2012 | 4,444 |
| 02/10/2012 | 20:07 | *** Sell JJB, while you still can ! *** | 304 |
| 30/8/2012 | 18:08 | The week when JJB was taken private? | 11 |
| 19/7/2012 | 10:37 | JJB with Charts & News | - |
| 15/3/2012 | 18:36 | JJB Bid Approach | 81 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 25/9/2012 11:20 by woodsman2004 Have followed loads of these retail pigs over the years due to my job - if investors cannot see the same pattern being followed whether it was Woolies, Game, JJB or whatever then they probably deserve to be parted from their money.The pattern is a follows: 1) Big retail name loses its way performs badly, share price falls loads attracting penny share punters 2) Speculation about the "recovery value" combined with ignorant comments about values on (historic) balance sheets being higher than the mcap etc. 3) A couple of nay-sayers slagged off on the message boards are "de-rampers" or "shorters" 4) Lots of comments about how the stores are busy, how the new range looks good, or some new product/service down the line likely to restore the companies fortunes. 5) Company issues a thinly veiled "equity has no value" RNS - "get out while you can" 6) Retail punters refuse to believe this, frequent dead cat bounces. Often if a punter is 50-80% down, human instinct is to stay in rather than cut losses. 7) Every pick up in the share price rumoured to be someone "buying a stake" 8) Inevitable administration 9) Some "told you so" posts. Reality is that most punters will have lost money despite what is claimed. 10) Punters move on to the next stock If you want to see this process in action, pop over to HMV where you will see mindless optimism and "group think" in action! |
Posted at 24/9/2012 07:36 by sir rational 24 September 2012 JJB Sports plc ("JJB" or the "Company" or, together with its subsidiaries, the "Group") Suspension of trading in the ordinary shares and proposed appointment of administrators On 30 August 2012, JJB announced a formal sale process and that it wished to invite offers to support further investment in the Company. Since that date, JJB and its advisers have held discussions with a number of selected parties who have now submitted their final offers. Based on the final offers received and as previously foreshadowed in the announcements on 30 August 2012 and 13 September 2012, no value will be attributable to the Company's ordinary shares. The offers received include offers to acquire certain of or substantially all of the trade, assets and brands of the Group. However, the Board notes that it does not have and does not now expect to receive an offer for the shares of JJB. Accordingly, the Takeover Panel has confirmed that the Company is now out of an offer period. The Board has determined that any sale of the trade, assets and brands will be effected through an administration process. Therefore it is expected that the process to commence the appointment of administrators of the Company and certain of its subsidiaries will begin today although the actual appointments are only likely to take effect just before the completion of any such sale. The Group will therefore continue to trade through all retail outlets outside of an administration pending completion of a sale process. It is proposed that Brian Green, David Costley-Wood and Richard Fleming, partners of KPMG LLP, will be appointed as the administrators of the Company and certain of its subsidiaries. The Company's ordinary shares have been suspended from trading on the London Stock Exchange's AIM market with immediate effect. The Company currently hopes to be in a position to announce a sale of the trade, assets and brands of the Group within the next few days. |
Posted at 18/9/2012 18:30 by sir rational If JJB Sports fails to close its rescue deal with Sports Direct (Frankfurt: A0MK5S - news) , the company could be broken up or sold to a private Irish conglomerate, Stafford Group.The Dublin-based company, which owns Irish Lifestyle Sports, is amongst eight would be buyers who have made bids for JJB (LSE: JJB.L - news) in the past month. Although sources are adamant that a deal with Sports Direct is the most likely outcome, alternative options are now being pursued with concurrent negotiations with rival bidders. "The need for a back-up plan is the only prudent option," said a source. Last week, negotiations with Mike Ashley's Sports Direct became entangled in increasing fears about competition hurdles. In 2010, Sports Direct was investigated by the Competition Commission over the acquisition of just 31 JJB stores. At the time, the deal for 31-shops was allowed to go through because it was seen as relatively small-beer. Diana Guy, who was deputy chairman of the regulator was reported as saying that Sports Direct and JJB were "each other's closest competitors nationally" but that this would not change as a result of 31-shops exchanging hands. Ms Guy went on to say that "competition" would depend on "the degree of overall competition between the two retailers at the national level." Under the current deal terms, a pre-pack administration would carve out a portion of shops from JJB's 180 stores. Sports Direct's already has 290- shops in its portfolio. On Tuesday, JD Sports, which was one of the original bidders for JJB's, decided to rule itself out of the sales process. A deal is expected by the end of this week. |
Posted at 18/9/2012 13:48 by fumanchuchu City Spy: Upbeat JJB bosses wide of the goal18 September 2012As beleaguered JJB Sports braces itself for a pre-pack administration and potentially thousands of job losses, potless investors could be forgiven for not looking through the same rose-tinted spectacles worn by management in recent times. Beverley Williams, who is JJB's interim chief executive, said on July 30: "JJB has a great deal of potential and I am confident that with the continued help and commitment of our staff, suppliers and investors we can forge a stronger future for the business." Then there's the equally upbeat Bob Corliss, who took over as JJB's chairman this month. He said earlier in July: "JJB has been through some difficult times, yet it is clear that there is a real market opportunity for a national authentic sports retailer here in the UK. "JJB can be that retailer and I'm energized by the prospect of leading the company through the next phase of its turnaround." As Mike Ashley's Sports Direct is the favourite to buy part of JJB out of administration, City Spy thought his comments in July 2011 were particularly pertinent. He told analysts: "I'll finish off JJB first and then I'll move on to JD." JD Sports Fashion boss Peter Cowgill should be on his guard. |
Posted at 15/9/2012 21:55 by fumanchuchu OFT probe into sale of failed JJB's shopsThe Office of Fair Trading is expected to investigate any attempt by Sports Direct to snap up the 180 stores owned by JJB Sports, which is expected to file for administration later this week. Mike Ashley's sportswear giant is thought to be the favourite to acquire the remnants of JJB, though the Newcastle United owner is interested in fewer than 50 of the stores. Even with additional interest from JD Sports Fashion, it is considered likely that more than 100 shops will close, resulting in the loss of at least 2,000 jobs. JD has been interested in taking over JJB since at least early last year, when the parties were in early-stage takeover talks that came to nothing. JJB is almost certain to appoint administrators this week in a pre-pack deal, which will allow a new owner to buy it out of technical insolvency with fewer shops and far less debt. Over the past four years, investors have pumped more than £225m into the business, which has struggled badly as families tightened their wallets. The OFT has previously looked into Sports Direct's interests in JJB, including store sales. Sports Direct also owned a stake in JJB, though this was sold three years ago. If, as expected, JJB files its notice of intention to appoint administrators this week, there will be 10 working days to secure a rescue deal. |
Posted at 14/9/2012 22:34 by fumanchuchu Sports Direct is frontrunner in JJB saleBy Andrea Felsted, Senior Retail Correspondent A deal to salvage some of JJB Sports could be struck as early as next week, with Sports Direct , the sports goods retailer controlled by Mike Ashley, a frontrunner to pick up part of the business. People close to the process said it was likely that any deal would be by way of a pre-pack administration, which would result in the closure of a significant number of JJB's 180 stores, as well as substantial job losses. According to JJB's last annual report, it had 2,800 full-time equivalent employees. JD Sports , which in January struck a deal to acquire Blacks Leisure, is also among those interested in part of JJB. A deal with Sports Direct may need clearance from competition authorities. KPMG, which has been appointed to sell JJB, had hoped to clinch a deal by Friday. However, it is now expected to drag into next week. One of the factors complicating the process is that none of the interested parties are keen to take on the whole of JJB's 180 store estate. One person familiar with the sports goods market said that neither Sports Direct nor JD Sports would want to pick up a significant number of stores, but would instead cherry pick the best sites. KPMG would be keen for a buyer to take as many stores as possible, they said. Dave Whelan, who founded JJB, would also be interested in 30-40 stores, while retail restructuring firm GA Europe also submitted a bid. Many retailers are due to pay three months rent on September 29, which may also affect the timing of a deal. Sports Direct and JD Sports' interest provides some hope for JJB after a number of the frontrunners to acquire the business pulled out of the race. The FT revealed on Monday that Jon Moulton's Better Capital had not submitted a bid for the business, even though it had looked at JJB before it was put up for sale. It also emerged on Monday that Decathlon, the French sporting goods retailer, would not be pursuing a bid. OpCapita, the private investment company, also received the sales information but asked for more time to assess whether any of JJB was of interest to it. JJB was put up for sale last month . It said on Thursday that a number of parties had submitted offers, and it continued to talk to interested parties. However, its shares were likely to be worthless. |
Posted at 14/9/2012 22:14 by sir rational Sports Direct is frontrunner in JJB saleBy Andrea Felsted, Senior Retail Correspondent A deal to salvage some of JJB Sports could be struck as early as next week, with Sports Direct, the sports goods retailer controlled by Mike Ashley, a frontrunner to pick up part of the business. People close to the process said it was likely that any deal would be by way of a pre-pack administration, which would result in the closure of a significant number of JJB's 180 stores, as well as substantial job losses. According to JJB's last annual report, it had 2,800 full-time equivalent employees. On this topic Decathlon backs off from JJB Sports bid JJB Sports suitor stops short of offer JJB Sports sale gathers pace JJB Sports for sale as turnround efforts fail JD Sports, which in January struck a deal to acquire Blacks Leisure, is also among those interested in part of JJB. A deal with Sports Direct may need clearance from competition authorities. KPMG, which has been appointed to sell JJB, had hoped to clinch a deal by Friday. However, it is now expected to drag into next week. One of the factors complicating the process is that none of the interested parties are keen to take on the whole of JJB's 180 store estate. One person familiar with the sports goods market said that neither Sports Direct nor JD Sports would want to pick up a significant number of stores, but would instead cherry pick the best sites. KPMG would be keen for a buyer to take as many stores as possible, they said. Dave Whelan, who founded JJB, would also be interested in 30-40 stores, while retail restructuring firm GA Europe also submitted a bid. Many retailers are due to pay three months rent on September 29, which may also affect the timing of a deal. Sports Direct and JD Sports' interest provides some hope for JJB after a number of the frontrunners to acquire the business pulled out of the race. The FT revealed on Monday that Jon Moulton's Better Capital had not submitted a bid for the business, even though it had looked at JJB before it was put up for sale. It also emerged on Monday that Decathlon, the French sporting goods retailer, would not be pursuing a bid. OpCapita, the private investment company, also received the sales information but asked for more time to assess whether any of JJB was of interest to it. JJB was put up for sale last month. It said on Thursday that a number of parties had submitted offers, and it continued to talk to interested parties. However, its shares were likely to be worthless. |
Posted at 14/9/2012 07:40 by mistermagoo3 Great post from LSE The ShadowWill it turn out that 300m traded volume yesterday was more than PI speculation as I first thought? What has put doubt in my mind was the market reaction to the late RNS when an initial natural plunge was immediately replaced by buying pressure and 2 PMEs which saw the share price rise after the end of normal play. Pretty strange reaction in the circumstances. One possible explanation is that yesterday & today someone might be trying to accumulate a 30% stake which would automatically trigger a bid & scupper the sale process. Only two possible players in my book- DSG who have not got involved in the sale process & possibly MA if he believed he was going to get frozen out of the process. £1m would fairly comfortably get you the 30% & is a tiny price to pay. Yesterday's traded volumes were quite extraordinary and the share price did nothing but rise throughout the day indicating that possibly there was a stakeholder. This theory will probably prove completely groundless but we will know when the holding RNSs have to be announced by 3.30 or soon after. I wouldn't be surprised by an early plunge but I'm holding firm as nothing will be happening for the next couple of weeks at least.Everyone make your own mind up and try to keep it civil- it's only money! GLA |
Posted at 14/9/2012 06:38 by granitetim Quick glance at NVTA.. Seems a lot of turbulance with Directors quitting and ramp style spikes in the share price ...no doubt caused by over zealous posting/ramping.Another one to avoid at 1st glance! -------------------- 16 July 2012 The Board of Noventa notes the current increase in the Company's share price. The Directors are not aware of any factor relating to the Company that would lead to such a movement in its price. |
Posted at 13/9/2012 19:10 by sir rational You're not thinking big picture.Is there a place for a JJB operation in the High St? Patently NO on JJB's scale. It's mostly gone online and that effect will increase. Is there a buyer for JJB's prime High St stores? Maybe for some of them. Would a (say) Morrisons like to roll out its Local concept double quick? Maybe. Would they pay a good price? Patently, NO. They would just want empty premises and would be doing JJB a favour by taking on the leases. Look at all the others that have gone bust. JJB just the latest in a line of failures where the model doesn't work any more. |
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