Jd Sports Fashion Share Discussion Threads

[disc0dave46] 30/1/2024 14:33

Thanks but can't take the credit, it a well written analogy - well I read it somewhere :)

[tonybaloni] 30/1/2024 13:48

Don't know why the ? Appeared

[tonybaloni] 30/1/2024 13:46

Good analog Disco ?

[disc0dave46] 30/1/2024 11:01

The lift to go down and the stairs to go up.

[gripfit] 30/1/2024 09:53

They allways come down quicker than they rise

[alotto] 30/1/2024 08:43

Quite insignificantly compared to the cliff it dropped off from

[thomstar] 30/1/2024 08:37

It's quietly pipping up

[datait] 30/1/2024 08:06

🤑🤑🤑

[bartyb] 24/1/2024 10:34

Puma shares fell Wednesday after the company said sales fell in the fourth quarter and that its performance suffered from the devaluation of the Argentine peso.

At 0924 GMT, shares in the German apparel company were down 5.6% at EUR40.56 after falling as low as EUR39.37.

[datait] 23/1/2024 14:31

Up we go 🤑🤑🤑

[noramping] 23/1/2024 11:25

Barty, this likely is a recovery stock , it’s was sold heavily on drop in forecasted profits. The U.K. economy isn’t doing too well so has affected JD. forecasts.

Over time this should recover, but I would say it will be over the medium term rather than short term.

[noramping] 23/1/2024 11:20

Datatit, played you like a fiddle, brilliant, you sold at a loss whilst I bought at 106 and just sold today for a quick profit.

All whilst you bubbling away underwater :0

Which face you got on today?

[thomstar] 23/1/2024 08:05

The directors are in. This seems to be the level to buy then.

[bartyb] 22/1/2024 22:29

Three directors of JD Sports Fashion
JD.
3.10%

have spent £170,000 increasing their holdings after a profit warning left the retailer’s shares a third cheaper than on New Year's Day.

Chief executive Régis Schultz led the way with an investment of £99,000 before purchases connected to chair Andy Higginson and non-executive director Andy Long.

Their moves at near to 109p compared with mid-December’s 175p and the 155.45p before the 4 January disclosure that trading had been softer and more promotional than JD anticipated.

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House broker Peel Hunt cut its adjusted profit forecasts for this financial year and the following one to below £1 billion but retained a 250p target price, believing the weakness presented a “good opportunity to buy a growing market leader”.

It said: “External factors are mostly to blame. The consumer is cautious and looking for a deal and with no especially exciting launches, it has been a dullish period.”

Other analysts are more cautious, with RBC and Barclays lowering their price targets to 150p and JPMorgan cutting to 175p but with an “overweight221; recommendation. One of five stocks in interactive investor’s Aggressive Winter Portfolio 2023-24, JD Sports has been an otherwise strong seasonal performer based on an average return of 23.7% over the past 10 winters.

Shares closed the week at 111.25p, outperforming the retail sector on Friday after the UK’s Office for National Statistics confirmed JD’s view of poor Christmas conditions.

For the 22 weeks to 30 December, JD reported like-for-like growth slightly behind its expectations at 1.8%. The gross margin was similar to last year, below its earlier hopes due to the elevated level of promotional activity in the peak trading period.

JD operates more than 3,400 stores in 38 countries, with about a third of its £10 billion annual revenues from North America through brands such as Finish Line and Shoe Palace.

Schultz, who became chief executive in September 2022, said this month that JD continued to make good progress on the five-year strategic plan he set out last February.

His ambition to make JD the leading “global sports fashion powerhouse” targets opportunities in Europe and North America through investment in stores, technology and analytics.

On recent trading, Schultz pointed out that JD continued to grow market share and that its overall revenue growth of 6% was against very tough comparisons with last year.

He added: “We are confident in our strategy and we continue to invest in our supply chain, systems and stores, supported by our strong cash generation and healthy balance sheet."

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Schultz was appointed by Higginson, the former Morrisons chair who took the top boardroom role at JD in 2022. He knows both the retail sector and the company well, having grown up in the Lancashire town of Bury where JD was founded in 1981 and is still headquartered.

Higginson bought shares worth £240,000 at a price near 150p last January, with his household’s latest investment taking place on Thursday with a value of £49,500.

The £20,000 purchase by Long, who is an executive director at JD’s majority shareholder Pentland Group, was struck on Friday. He previously ran privately-owned Pentland’s portfolio of sports and fashion brands that includes Speedo, Canterbury and Berghaus.

Is this recovery play a hot stock?

[noramping] 22/1/2024 15:31

Datatit, but it was doing to drop according to you? That’s why you sold at a loss

Changed face again I see.

[datait] 22/1/2024 15:09

Get up there doing nicely

[noramping] 22/1/2024 11:25

Disc, a good overall market day, USA did well on Friday
Looks like a general market uptick.

[disc0dave46] 22/1/2024 11:09

Could be turning?

[noramping] 22/1/2024 08:10

Thom, different store formats, but likely you can buy the same product from either?

I buy my stuff online from whoever is the cheapest, does that mean JD. Is not investable, of course it doesn’t as different people shop differently.

If my buy order goes thru will I shop at JD. , not really unless they are the cheapest.

[thomstar] 22/1/2024 08:03

Off to jd for new kicks today . Sports direct is rubbish

[disc0dave46] 19/1/2024 18:26

Time will tell.Good for holders to see a bit of blue though.