Jd Sports Fashion Share Discussion Threads

[warrenbuffet73] 06/1/2024 22:26

No I don’t think so

Too many share tips here, oversold, expect a 10-20% bounce next week

[blackhorse23] 06/1/2024 20:43

Looks like drop below 100p , profit warnings

[warrenbuffet73] 05/1/2024 19:37

We’ve found support at £1.20 it seems. When it sinks in what the potential is here and directors start to buy etc think we’ll quickly rise to £1.30-£1.40 next week

[alotto] 05/1/2024 19:24

If the cat aint bouncing, the cat aint dead.

[warrenbuffet73] 05/1/2024 13:05

JP Morgan have cut their price target to 175 (211) and re-iterated 'overweight'.

hxxps://www.ii.co.uk/news/global-broker-ratings-jefferies-cuts-mondi-to-hold-al1704458039159485400

That's it for today, the rest may follow next week.

[noramping] 05/1/2024 11:23

I think there will be a buying opportunity here once it finds its trading range, however I doubt there will be a dead cat bounce the likes of the 2 faced datatit predicts, it will be more of a medium term investment rather than a day trade.

Thing is there are plenty of these type of investment opportunities, facts are the ftse 100 has lagged all major markets over the last few years.

We could/likely go into a recession which obviously has an effect on sentiment and also affects people’s buying patterns.

[dope007] 05/1/2024 11:00

Stocks are going to be a tough gig this year, with retailers on the front line of it. It is not good out there and I think these have further to fall

[smurfy2001] 05/1/2024 10:57

Not CURY, LOL?

[blackhorse23] 05/1/2024 10:52

Dropping below 90p again. Bought some GNC today

[the imperialist] 05/1/2024 10:06

Technically, if we're at the bottom of the C wave of a 4th wave flat correction, we should break 180p in the 5th wave.

[covid 19 deal] 05/1/2024 09:59

Looks like over sold..153 p any time

[volsung] 05/1/2024 09:19

Very uppy downy

[jm65] 05/1/2024 09:15

seems to be stuck in a narrow range

[volsung] 05/1/2024 09:14

Looks to be dropping more

[datait] 05/1/2024 09:01

The drop here was well overdone watch this space this will move up very quickly

[datait] 05/1/2024 08:40

Fill your boots and big knickers up we gooooooooo

[thomstar] 05/1/2024 08:25

That harsh open would have stopped a few newbs out

[hatfullofsky] 05/1/2024 08:24

Start of the bounce or dead cat bounce ?

[alotto] 05/1/2024 06:33

How did JD manage to post lower revenue having opened 200 stores? If the store presence was the same then you’d explain a general decline in footfall, but if you average across the new stores the decline is more pronounced.
I’m curious about revenue in Europe excluding the UK.
People in Europe wear less athleisure, and those who do go for cheaper local brands

[warrenbuffet73] 04/1/2024 20:35

Does JD Sports' share price slide make it a good time to buy?
Published: 12:22 04 Jan 2024 GMT
Written by: Leo Grieco
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JD Sports Fashion PLC
LSE:JD.
JD sports model
JD Sports Fashion PLC (LSE:JD.) has lost close to a quarter of its value after issuing profit warnings, with analysts such as those at Shore Capital scurrying to place the stock’s rating under review while they analyse what’s gone wrong.

However, Peel Hunt, the group’s house broker, has issued a research note of solidarity, stating that the current dip represents “a good opportunity to buy a high-quality, growing market leader”.

It claims that the weaker financials over Christmas were largely caused by external factors, such as a lack of exciting launches, cautious shoppers looking for deals and milder weather slowing the sales of winter range products such as coats.

“JD’s forecasts can’t defy these forces,” the house broker said before lowering its own forecasts for both the current and upcoming financial year.

Peel Hunt’s pre-tax profit guidance for the current year has been reduced from just over £1 billion to £920 million – on the lower end of JD’s newly adjusted £915 million to £935 million range.

Peel Hunt keeps its ‘buy’ rating for the stock and targets a 250p price, representing more than a 110% upside to the current 117p price.

Downgrades to come?

Shore Capital has placed its 'buy' rating on JD Sports under review after today’s “disappointing news” with a profit warning set around sales slightly behind management expectations alongside weaker than anticipated gross margin.

The broker noted that the revised pre-tax profit guidance of circa £915-935 million is slightly below the consensus expectation of £1.09 billion.

At the midpoint, this marks a notable 15% cut to its forecast, ShoreCap noted.

“We see a lot to like in JD, not least its balance sheet, but confidence in earnings estimates is a pre-condition of a positive equity case and so we place our buy stance under review,” it said

[dd776] 04/1/2024 18:46

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