Jd Sports Fashion Share Discussion Threads

[firtashia] 16/5/2018 14:38

Just goes to show how irrational the market is, as it reacted negatively on the day to the announcement of the proposed acquisition. Agree that its a good chance to add.

[leadersoffice] 16/5/2018 14:34

Here's your reason...JD Sports dropped on news that Odey Asset Management has declared an 8.2% stake in Finish Line, prompting fears that it's trying to block JD's proposed acquisition of the US sportswear company.

[asturius101] 16/5/2018 09:28

no but good time to buy back in imho

[fishking1] 16/5/2018 09:02

Any news why share price dropped 5%.

[leadersoffice] 14/5/2018 12:23

Cant crack £4 at the moment

[asturius101] 09/5/2018 08:55

£4 here we come!

[leadersoffice] 01/5/2018 14:20

Come on...whip crack away and all that... get this over £4.Buy buy buy

[barvin] 27/4/2018 10:04

Can we get that push over £4? Hope so. Definite resistance point here

[hatfullofsky] 24/4/2018 17:56

Researching this one.

Any concerns on The Finish Line's results FY to 03/03/18 PBT $9M v $54M 2017 (Increased impairment $36,7M v $13.3M)

It's still a significant decrease on 2017 and JD are paying $558M ?

[barvin] 20/4/2018 22:22

Yep, this is the resistance point. Think we will see £4.10-£4.20 within a few weeks. It was £4.50 this time last year, with much lower results. Albeit the retail sector is a bit out of vogue, I still think over £4 still represents good value.

[leadersoffice] 20/4/2018 09:46

See if we can get over £4.00Fingers crossed. It wants to go up that's for sure.

[asturius101] 18/4/2018 15:40

really flying now

[barvin] 18/4/2018 15:02

Just need it to push through £4 which seems to be the resistance level looking at the chart.

[asturius101] 18/4/2018 10:04

solid action now - should be in the 80's & 90's soon

[barvin] 17/4/2018 12:48

Nah, Pentland own about 57%. No way they would sell as major supplier and Cowgill will never give it up

[alphabeta4] 17/4/2018 11:39

This may be a bit left field but I think this has an outside chance of being a takeover target. Finish line was on PE13 with flat revenue and JD's forward post acquisition goes down to 12 with £200m cash to be generated so from Peel saying the post acq start position was £50m debt add £200m gives £150m) for a cash adjusted pe of c11.4.
That can't last IMHO - either the share price goes up or on 20% earnings growth again the forward pe drops to 9.5!

[barvin] 17/4/2018 09:05

JD, absolute powerhouse. Always overdeliver on results day, a no brainer every year. Hopefully we will see a nice rise over next few days too. P/E of 17 at £4.25, not a terribly liquid stock. So some institute buying should really push it on. £4.50 previous high, no reason why this shouldn't be near that again

[asturius101] 17/4/2018 07:45

yep, if the US does as anticipated mc will prob triple

[valuehunter1] 17/4/2018 07:41

Excellent results, big beat as well ahead of market guidance. Cash machine this one.

[alphabeta4] 29/3/2018 09:27

True, I've seen the net debt position is supposed to be around £50m post transaction, take say 5% interest gives c£2.5m to take off, then there was £0.3m credit interest paid in the interim accounts so c£0.6m there. Total of c£3.1m vs £286.31m shouldn't really be a big deal.

[shanklin] 27/3/2018 12:32

Thank you Alphabeta4

I guess we should deduct a little from there to cover the interest to be paid or foregone.

[alphabeta4] 27/3/2018 12:00

Not that I can see just yet, I only have parts of the Peel note. The forecast eps before was 26.34p, 973m shares so £256.29m. Finish line had PBT £38m x 0.79 (US tax rate 21%?) + 256.29m = £286.31m. New eps 29.44p assuming no synergies etc.

[shanklin] 27/3/2018 11:28

Are there any updated forecasts available please, reflecting the effect of the acquisition