Jd Sports Fashion Share Discussion Threads

[cfro] 29/1/2015 17:57

Those forecasts look a little light Ic2, given the recent statement.

SP very nearly broke out today. In fact it did very briefly. Perhaps tomorrow?

Here's a piece from last weeks Money Week publication:


Last April i suggested buying shares in sports retailer JD Sports at 1,735p.I thought the company had strong momentum and that a sensible strategy and strong profits growth could keep the price heading higher. And thats what happened.

After splitting its shares into four last summer, the price last week was 508p, which equates to 2,032p pre-split. Trading has remained very strong. The five week Christmas period to 3rd Jan saw like for like sales rise by an impressive 12%. Trading has been so buoyant that management expects pre-tax profits for the year to february to beat analysts forecasts (£90m top end). Unsurprisingly, investors gave this news the big thumbs up.

So what of its prospects at the current price?

Im still quite optimistic that this company can keep growing nicely. I like the fact that it owns a lot of the shoe brands that it sells and that it can do more with turning around the Blacks Leisure outdoor clothing business.

Then theres the potential to create a strong business in Europe to replicate its success in the UK. The firm has sold its struggling fashion business, which never really made a decent profit. Last but not least, at 13.5 times 2016 forecast earnings, the shares are slightly cheaper than when i tipped them last year. I'd stick with it, or buy in if you haven't already.

[interceptor2] 19/1/2015 16:57

Breakout confirmed today.

See two new increased broker estimates below, still haven't seen the Investec estimates yet.

Singer
2015 = PBT £95.69m and EPS 36.00
2016 - PBT £99.98m and EPS 38.00

Canaccord
2015 = PBT £94.00m and EPS 36.50
2016 - PBT £99.00m and EPS 39.00

[2breakout] 17/1/2015 07:56

JD Sports Fashion climbed 31.9p to 508p after issuing a Christmas trading update that showed a 12pc increase in like-for-like sales at its continuing businesses in the five weeks to January 3, a rise that Investec analyst Kate Calvert called “exceptional”.

FLASH: Investec reiterates buy on JD Sports Fashion, target raised from 540p to 610p - See more at:

FLASH: Cantor Fitzgerald reiterates buy on JD Sports Fashion, target raised from 520p to 565p - See more at:

FLASH: N + 1 Singer reiterates buy on JD Sports Fashion, target raised from 550p to 560p - See more at:

FLASH: Canaccord Genuity reiterates buy on JD Sports Fashion, target raised from 550p to 565p - See more at:

[jeffcranbounre] 16/1/2015 19:33

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Blur #BLUR
Nanoco #NANO
BP #BP.
Royal Dutch Shell #RDSB
Moneysupermarket.com #MONY
GlaxoSmithKline #GSK
Synthomer #SYNT
JD Sports #JD.
HSBC #HSBA
Google #GOOG
Standard Chartered #STAN
Vedanta Resources #VED
MyCelx Technologies #MYXR
IG Group #IGG
Shire #SHP
AstraZeneca #AZN
Smith (DS) #SMIN
Dignity #DTY
Tristel #TSTL
Lancashire #LRE
Wolseley #WOS
Robert Walters #RWA

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[cfro] 16/1/2015 18:18

Just two p short of a breakout...

[cfro] 16/1/2015 09:56

Decided to join you two here. ;)


What, for a jog? :-)

[jamielein] 16/1/2015 09:09

Decided to join you two here :)

[interceptor2] 16/1/2015 08:37

I was wondering where the the money would be spent, for the consumer who is spending less at the pumps. Answer new pumps :o)

[cfro] 16/1/2015 08:30

Same idea as me Ic2. Thats funny! ;-)

Obviously quite a few been running round buying trainers for xmas! :0))

[interceptor2] 16/1/2015 08:22

Bought in at the open.

Strong statement, like for like sales 12% ahead of a strong comparative period is impressive. And valuation looks appealing, with a strong looking chart and a breakout target at 512p.

[hawaly] 16/1/2015 07:24

Excellent statement.

[trident5] 05/1/2015 22:13

MartinC
I think you're right, especially as the buyer is a retail turnaround specialist - suggests to me that they didn't get what they thought they were getting.

[martinc] 05/1/2015 21:35

Isn't that a bit odd that Bank should go bust today, only a month after it was sold?

[grindertrader] 27/11/2014 15:59

JD. has been quite volatile at times, but it has been a holding that survived well the market correction.It has still great quality amongst the fundamentals and momentum is still giving a nice wind. This is a share that I rarely comment on but have held nicely and gained good profits.As you say disposals seem to have been taken positively by the markets

[mickeyb] 25/11/2014 10:51

Market really likes the news of disposal of Bank of fashion division which lost £8m last year Sp up 18.5p to 472p

Also statement stating sales are progressing up to Christmas in line with expectations, all appears

[mickeyb] 31/10/2014 08:41

Something's up , up 14.4p yesterday and already up 24.4p on small volume.

[mechanical trader] 19/9/2014 08:20

19 Sep 2014 JD Sports Fashion... JD. Cantor Fitzgerald Buy 0.00 433.30 500.00 500.00 Reiterates

SP TARGET 500p

[mechanical trader] 18/9/2014 08:36

JD. Citywire Comment...


JD Sports doubles profits
Retailer JD Sports (JD) has exceeded expectations with a 100% increase in first-half profits before tax.

Investec analyst Kate Calvert retained a ‘buy’ recommendation and a target price of 475p following its H1 results. Shares were trading at 408p yesterday.

‘Good numbers were expected post its Q1 trading update, but a 100% increase in H1 profits before tax results has exceeded expectations,’ she said.

‘This has been driven by sport, which has had another strong footwear performance, and progress in Europe. Valuation on our upgraded full year forecast – 3% increase – looks undemanding given the untapped UK growth potential, building momentum in its profitable European business as scale increases, and the ability to reduce £15 million of outdoor and fashion forecast losses over time.’

[mechanical trader] 17/9/2014 14:15

Sprint after record-breaking JD Sports
By Lee Wild | Wed, 17th September 2014 - 12:22

Sprint after record-breaking JD SportsJD Sports Fashion (JD.) had a fantastic 2013, and after a pause for breath this year, has unveiled a record set of first half numbers. Profit actually doubled and City number crunchers have raised forecasts for the full-year. The second half will be harder, but the sports retailer's shares look to have legs.
Sales for the 26 weeks ended 2 August surged by 27% to £721.5 million and costs as a percentage of revenue fell sharply. Strip out £3.5 million of one-off items, mainly provisions for onerous property leases, and operating profit rocketed from £10.4 million to £21 million. Investec Securities had pencilled in just £15 million.

An "exceptional" performance at the Sports division was the driving force. There, business was up across Europe and profit grew by a third to £34.8 million. Trainers sold particularly well.

Crucially, losses at the Outdoor unit - Blacks and Millets - narrowed significantly from £8.9 million to £5.6 million and are expected to shrink further during the remainder of the year. Fashion had another shocker, though, with losses widening to £8.2 million from £6.8 million. However, the second quarter showed signs of improvement and the second half is typically busier. Underperforming stores are being shut and rents reduced, too.

Admittedly, comparisons get tougher as the year progresses - like-for-like sales at the core UK and Ireland Sports operation jumped by 11.2% in the second half of last year.

That's why Investec capped its upgrade for full-year adjusted pre-tax profit at 3%. The broker now expects JD to make £83.5 million in the year to January, giving adjusted earnings per share (EPS) of 32p, up 9%. It's looking for 11% growth the following year.

Of course, JD has work to do turning round both the Outdoor and Fashion operations, but both are achievable. Fix them, and Investec points out that EPS would be enhanced by 18%. True, that's unlikely short-term, but it gives an idea of the potential.

Strip out forecast year-end net cash of £61.1 million, worth 31p per share, and JD Sports shares (currently at 433p) trade on just 12.6 times forward earnings, dropping to less than 11 for 2016. JD shares have consistently found strong support at the 200-day moving average (currently 396p), but if management keep this up, they won't need it.

[mirabeau] 17/9/2014 14:09

My trade llooking nice

[mechanical trader] 17/9/2014 14:09

Investec analyst Kate Calvert said the retailer's trading figures for the first half did not disappoint.
"Good numbers were expected post its first quarter trading update, but a 100% increase in first-half pretax profit results has exceeded expectations. This has been driven by Sports, which has had another strong footwear performance, and progress in Europe," said Calvert.

[mechanical trader] 17/9/2014 14:08

JD Sports Fashion Sports Impresses With Interim Profit As Sales Surge
LONDON (Alliance News) - Sports and fashion chain JD Sports Fashion PLC Wednesday sported an ...
Alliance News17 September, 2014 | 7:58AM

LONDON (Alliance News) - Sports and fashion chain JD Sports Fashion PLC Wednesday sported an impressive increase in its pretax profit for the first half of its financial year, as strong revenue growth was driven by another strong sales performance from its core UK sportswear business.
The sportswear, outdoor clothing and fashion retailer reported a pretax profit of GBP16.5 million for the six months to August 3, up from only GBP6.1 million a year earlier.
Its profit was driven by a 27% increase in revenue to GBP721.5 million, up from GBP567.4 million last year, after strong sportswear sales continued, and it was given a much-welcome boost by the build up to the football World Cup.
"Our sports operations continue to provide the engine for profit growth and cash generation in the group and will therefore continue to be the primary focus of investment," said Executive Chairman Peter Cowgill in a statement.
Alongside raising its interim dividend to 1.1500 pence per share, up from 1.1125 pence last year, the retailer gave a confident outlook for the remainder of the year, despite tough comparatives, saying it expects to deliver a profit an the top end of market expectations.
"The board recognises the demanding comparatives of the second half of the last financial year...as well as our significant dependence on Christmas trading but following the robust performance of the business in the first half believes that the group is well positioned to deliver results towards the upper end of current market expectations," said Cowgill.
Profit and sales growth in the company in recent years has been driven by its core sportswear business, including JD and its footwear stores Size?, while its fashion and outdoor businesses have been a drag.
The company said that besides its UK and European sports operations, its begun to see positive progress in its outdoor business, following major restructuring. However it said its fashion business, which includes brands Bank and Scott, continues to under perform and increased its trading losses.
"Fashion continues to disappoint, albeit trading more positively in the second quarter. The second half of the year is traditionally stronger for the fashion fascias," said Cowgill.
The retailer has also been expanding overseas, having recently acquired a package of stores in the Netherlands and Germany, while adding to its international offering in France and Spain.
"We have subsequently opened a further two stores in this country [Germany] and have increased our critical mass elsewhere with additional stores in the period in both France and the Netherlands. There will be further openings in all of our international territories in the second half," the company said.
Investec analyst Kate Calvert said the retailer's trading figures for the first half did not disappoint.
"Good numbers were expected post its first quarter trading update, but a 100% increase in first-half pretax profit results has exceeded expectations. This has been driven by Sports, which has had another strong footwear performance, and progress in Europe," said Calvert.
By Rowena Harris-Doughty; [e-mail]; @rharrisdoughty
Copyright 2014 Alliance News Limited. All Rights Reserved.
- See more at: hxxp://www.morningstar.co.uk/uk/news/AN_1410937092203265900/jd-sports-fashion-sports-impresses-with-interim-profit-as-sales-surge.aspx#sthash.pjqJkUhF.dpuf

[mechanical trader] 17/9/2014 12:00

September 17, 2014 8:48 am
JD Sports hails health of the high street with record results
By Andy Sharman and John Aglionby FT Times.


JD Sports has declared the high street “alive and well” after the British retailer delivered record first-half results.
The company’s core sports stores, including the Size? footwear chain, defied England’s early exit from the World Cup, helping group-wide sales rise by more than a quarter to £721m in the six months to the start of August.

Adjusted pre-tax profit doubled to almost £20m, prompting JD Sports to say it expected to deliver annual results at the top end of market expectations for £78m-£84m in adjusted income.
“The malls are attractive but the high street is alive and well in a number of areas,” Peter Cowgill, executive chairman, told BBC’s Today programme. “We’ve focused on creating a strong environment so it gives customers an exciting place to shop.”
However, Mr Cowgill, JD Sports’ executive chairman, said the company’s fashion stores continued to “disappoint221;. Operating losses at the division, which includes the Bank and Ark outlets, increased in the period from £6.8m to £8.2m – though the Scotts chain was said to have “performed well”.
There was better news in the outdoor business, where operating losses narrowed from £8.9m to £5.6m, thanks to “considerable” progress at the Blacks and Millets brands.
JD Sports bought the chains out of administration in 2012 and has since installed dedicated management teams for the stores and sought to revamp their product ranges.
Freddie George, analyst at Cantor Fitzgerald, said: “The JD format, which has been strengthened over the past two years is clearly differentiated, and has significant potential to be developed overseas with the support of the international sports brands.
“We are also confident that the outdoor and fashion losses will either be markedly reduced over the next two years or . . . with respect to fashion, management will be under pressure to dispose of these activities.”
Longstanding chief executive Barry Bown stepped down from the company in May after 30 years at the group.

[mechanical trader] 17/9/2014 11:37

JD Sports share price jumps 7 per cent as it posts record profits

by Billy Ehrenberg September 17, 2014, 7:54am

JD Sports posted record first-half results as its pre-tax profits soared, rising 170 per cent to £16.4m. (Source: Getty)
Shares in JD Sports rose seven per cent in mid-morning trading as the retailer posted record first-half results as its pre-tax profits soared, rising 170 per cent to £16.4m.

Revenue also jumped to £721.4m, an increase of 27 per cent.

The bulk of the growth was in the company's UK and European sectors.

Peter Cowgill, executive chairman, said the sports business was still a key driver of growth.

Our Sports operations continue to provide the engine for profit growth and cash generation in the Group and will therefore continue to be the primary focus of investment.

Cowgill identified the second half of the year as more challenging, but hoped JD would post full-year results towards the upper bounds of market expectations.

The Board recognises the demanding comparatives of the second half of the last financial year, particularly in the core UK and Ireland Sports fascias where like for like sales increased by 11.2 per cent, as well as our significant dependence on Christmas trading but following the robust performance of the business in the first half believes that the Group is well positioned to deliver results towards the upper end of current market expectations