Jd Sports Fashion Share Discussion Threads

[volsung] 14/4/2009 13:29

Time to get a bit of this action I think

[cockneyrebel] 12/4/2009 14:39

I think the Investors Crhonicle rwaders will be buying next week:



"Investec Securities is forecasting 2009 adjusted pre-tax profits of £52m and EPS of 74.8p (2009: £53.6m and 72.3p), but is expecting to upgrade these estimates. "

Let's say just 78p eps this year then, PE still 5.2 and a 3.5% yield. Compare that to any other retailers and look at the growth and the growth record - good bit at the end of that piece showing growth over 5 years.

I say these should be trading on a forward PE of 8 or more like many other retailers that can't hold a candle to JD's performace imo. A huge re-rating coming here over the next few months as the broker notes come out imo, £5+ has to be more than realistic, £6+ would be justice imo.

CR

[cfro] 10/4/2009 18:46

Reckon these will put another chunk first thing tuesday morning after the usual easter weekend results chatter.

[cockneyrebel] 10/4/2009 13:00

Good comment in the FT


How cheap are JD. ?


Latest updates to broker forecasts suggest 78p eps this year, a PE of just 5. They've raised the divi 40% too.

Compare that to nearly any retailer - few are growing earnings and even then they are trading on similar PE's to this or hiigher. JD doesn't have the debt issue either.

MKS is trading on a PE of 11 and earnings are falling!

Even Soprts Direct with it's lower yield and run by the dubious Mike Ashley trades on a PE of 8.5.

I think JD. are in for a big re-rating to at least that sort of PE imo. That would take the share price up to the £5.50 area.

CR

[gorse] 09/4/2009 11:04

Mike Ashley, "He'd rather invest in a sports retail company than in a widget maker."

Pity he didn't apply that logic to investing in a football club.

[cockneyrebel] 08/4/2009 21:15

1031 GMT [Dow Jones] JD Sports Fashion (JD.LN) preliminary results are a positive surprise, says Investec Securities, with pretax profit 7% above the brokerage's latest estimates, as well as a "handsome increase" in the final dividend. "With current trading holding up well, despite the Easter calendar shift, consensus forecasts are likely to move up further for 2009/10," it says. "Despite the wider marketplace disruption, JD is keeping a steady course and is building some momentum on the fashion side as well," it adds. Has a buy rating. Shares +3.2% at 371p. (ISD)

CR

[cockneyrebel] 08/4/2009 18:00

a few traders skimmed it I guess Coolmd - think they'll regret it, this is the cheapest best performing retailer I can find.

Give it a few days - these are going higher imo.

CR

[johnv] 08/4/2009 12:37

coolmd, trades could be happening on plusmarkets

[tony5000] 08/4/2009 11:54

Next trading update in June - see no reason why positive vibes shouldn't continue until then. Per my post above - Easter trade will now fall in the next update in early June and therefore the period to end of May should be positive. Easter is quite a significant trading period for sport fashion retailers and shouldn't be underestimated. (Easter last year - end of March - this year trading impact this week and next week)IMHO DYOR

[coolmd] 08/4/2009 11:38

Why no trades? Anyone advise, even yesterday when everyone new the results where coming the trades was so low? Whats the catch??

[cockneyrebel] 08/4/2009 11:01

Anyone taking profits here must be nuts imo.

Retailers are the consumer discretionaries that bounce first - tou have one this cheap, raising divi and growing faster than the rest is fab imo.

Bet these go much higher.

CR

[cockneyrebel] 08/4/2009 07:52

Yep, great results when you look at all other retailers and the divi highed way above forecast - very pleasing.

CR

[tony5000] 08/4/2009 07:32

Results seem decent enough - pre exceptional. Current trading is good as the significant benefit of Easter has effectively been stripped out in current trading numbers by announcing pre-Easter this year - and despite this - still show positive LFL sales.

Suppose this helps JD to reign in the analysts a bit with regard to current year expectations. Dividend now also raised to offer a fairly good return.

[fast investor] 06/4/2009 21:09

A full set of buys..

JD Sports Fashion PLC

FORECASTS
2009 2010

Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Oriel Securities
02-04-09 BUY 52.00 75.40 15.00 56.00 81.10 18.00

Investec Securities
30-03-09 BUY 50.00 72.05 9.30 52.00 74.80 10.00

Numis Securities Ltd
30-03-09 BUY 48.00 70.10 9.30 44.00 64.20 10.00

Singer Capital Markets Ltd
30-03-09 BUY 50.00 71.10 11.90 51.00 70.80 11.90

Seymour Pierce
20-03-09 BUY 48.40 69.70 10.00 51.40 74.20 11.00

Altium Securities
05-03-09 BUY 50.00 67.00 9.50 51.20 71.60 10.00

2009 2010
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 50.00 70.76 10.02 51.40 72.84 10.60
1 Month Change 0.00 -0.03 -0.01 -0.00 0.01 0.00
3 Month Change 3.85 5.12 0.64 5.52 7.76 0.60


GROWTH
2008 (A) 2009 (E) 2010 (E)
Norm. EPS 72.86% 8.64% 2.94%
DPS 2.60% 39.52% 5.79%

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)
EBITDA £55.35m £64.43m £66.43m
EBIT £43.13m £49.40m £52.00m
Dividend Yield 2.25% 3.14% 3.32%
Dividend Cover 9.07x 7.06x 6.87x
PER 4.90x 4.51x 4.38x
PEG 0.07f 0.52f 1.49f
Net Asset Value PS 83.41p p p

[peladon] 06/4/2009 14:31

That good? :-)

[strutt12] 06/4/2009 12:10

Good results expected Wed!!

[peladon] 06/4/2009 11:53

Tasty. Anyone know the reason?

[cockneyrebel] 06/4/2009 10:28

So quiet here - can't help thinking it will be busier after the results.

CR

[cockneyrebel] 05/4/2009 11:52

JD Sports set to beat expectations

Also tipped in the Express today according to Citywire.

CR

[miked500] 03/4/2009 14:15

MM'S moving their price up yet no trades showing.

[cockneyrebel] 01/4/2009 13:59

The spead won't get better - but when you buy the bid often moves up

Breaking out nicely now

Results next week will be excellent and already flagged as ahead

CR