Jd Sports Fashion Share Discussion Threads

[cockneyrebel] 15/5/2009 20:04

Cop a load of this then - thought it was strong the past few days:



JD Sports set for European debut

JD Sports is drawing up international expansion plans amid speculation that it will kick-start them by acquiring French sports retailer Chausport.


Sources told Retail Week that JD Sports was in talks to buy 81-store Chausport, giving JD an overseas presence for the first time. JD executive chairman Peter Cowgill would not comment on any potential deal but confirmed that the retailer is interested in venturing abroad.

"We have been looking at international economies for some time," he said. However, he added that economic problems internationally would have to be taken into account before any decision was made.

Cowgill said JD would consider both acquisitions and taking the UK business overseas.

JD's fashion-led strategy has made it a front-runner among its sporting rivals. Group profit before tax and exceptional items rose 24 pern cent to £53.6m in the year to January 31, when sales climbed 13.3 per cent to £670.9m across its 440 stores. Like-for-like sales rose 3.9 per cent.

In 2007, Chausport had a turnover exceeding E51m (£45.5m). It mainly sells footwear, but also offers lifestyle clothing and accessories. The retailer stocks mens- and womenswear, as well as products for children and babies. Brands carried include Nike, Puma and Converse.

Edward Whitefield, chairman of consultancy MHE Retail, said that a tie-up with Chausport would make sense. "JD has a lot of brand expertise and has found a business it can convert that needs modernising," he said. "Chausport needs an injection of professional retail brand management."

It is understood that JD has no imminent plans to snap up UK rival JJB Sports, despite media speculation. Industry sources believe that any play for JJB would spark a war between JD and Sports Direct boss Mike Ashley, and be likely to trigger a regulatory investigation.

JJB executive director Peter Williams said the JJB board will continue to act "in the best interests of the shareholders".

Concerns are growing that JJB's next hurdle will be its stock situation. The retailer had credit insurance pulled last year, which caused supply problems with brands.

Williams admitted: "This is an issue for this season but not for next season. Because of the stop-go with the banks, it has been hard to get continuous supply. We are in a far better position now than we were in December."

JJB will issue preliminary results later this month and outline its future strategy.

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Less than a tenth the size of JD in sales - get it for a snip I bet and they still wouldn't have much debt.

CR

[cockneyrebel] 15/5/2009 11:33

Interim Management Statement June 9th last year, should be the same this year - Ijust cannot see how these will not be a lot higher then - reckon others agree by the way it's moving - expecting the buying to continue up to that statement and beyond myself.

CR

[cockneyrebel] 14/5/2009 12:49

Nice breakout - through last October highs - I can see these making new all time highs come the next trading statement.

CR

[cockneyrebel] 13/5/2009 11:02

Well look at it compared to BRBY:

BRBY on a PE 13, 2.8% yield, debt, 20% earnings growth over the past year.

JD. PE 5.5, 2.8% yield, no debt, 27% earnings growth over the past year.

JD. target the youth market too with high disposable income, like Asos.

JD. miles too cheap imo and that will get recognised by the market soon imo.

CR

[volsung] 13/5/2009 09:06

In at 445p. Nice share

[cockneyrebel] 11/5/2009 18:27

yes, growth and retail in the same sentence - just the market has been running scared from anything retail in the belief that nobody can grow earnings in retail.

Well I think JD will not only meet but beat forecasts after the recent up-pick in retailing and wouldn't be expensive on twice the rating and a share price of £8 imo.

CR

[barnes wallace] 11/5/2009 18:18

growth and retail ?

in the same sentence ?

[cockneyrebel] 11/5/2009 18:13

New thread with charts:

[cockneyrebel] 11/5/2009 18:12

JD Sports is the class act Sports Retailer imo.

By popular demand, a new thread with charts and more detail:

JD have a excellent earnings growth over the past 5 years achieving a compound earnings growth rate of 50% !!

This year's estimates are for 74.2p to 78.5p eps

The historic dividend is 12p which was a 41% increase over the previous year;

The company website is here:



Current shareprice 424p, fwd PE 5.5.

The company has no net debt.

AGM due around June 26th

Must be the cheapest retailer on the LSE. A fully listed retailer on a PE of 5.5 paying a 3% yield and no debt with historic compound earnings growth over 5 years of 50%.

imo

[cockneyrebel] 11/5/2009 16:49

I think the JJB stuff is codswallop, JD's stake is just an option to help spoil anyone else bidding that they don't want getting it imo, like Ashley.

I'll bung a new thread together tonight Stegrego.

CR

[stegrego] 11/5/2009 16:45

Anyone going to make a decent thread with Charts and news etc?

[miked500] 11/5/2009 16:38

what do you think of the jjb rumour, dont think it would be a good move myself but maybe others do? nice rise today and chart looks excellent again, suprised it didn,t get mentioned in sharewatch or momentum.

[cockneyrebel] 11/5/2009 13:21

Breaking out - I'm expecting these to put on a quid by the next statement, at least.

CR

[cockneyrebel] 10/5/2009 16:28

Bidding for JJB?

CR

[cockneyrebel] 10/5/2009 16:05

Trading on a PE under 5 and no debt with earnings growing apace. These actually own 10% of JJB which they wrote the value down to 8p a share so effectively their £7m stake is really worth £25m.

CR

[cockneyrebel] 08/5/2009 12:21

More large buying.

CR

[cockneyrebel] 06/5/2009 10:59

about to breakout

CR

[cockneyrebel] 05/5/2009 14:23

large buys just gone through

CR

[cockneyrebel] 05/5/2009 08:20

XD tomorrow, need to be holding at the close tonight to get the 8.9p final divi

CR

[cockneyrebel] 01/5/2009 11:50

luchan - yes, more large trades goink through at the full ask, 87K's this time.

Someone buying a load to get the divi next week - these won't be this cheap come the Interim Management Statement early June imo. In fact with 6 weeks to go till the IMS I wonder if this is directors buying perhaps?

CR

[fast investor] 01/5/2009 11:19

wrong thread, sorry.

[luchan] 01/5/2009 10:51

CR,

good shout on the ex div.

Pattern on the chart looks as though after a move north it drops back then goes sideways for a few weeks before heading north again. I reckon it holds 380p for another two weeks or so then advances 100p ?? Any thoughts?

luchan.

[cockneyrebel] 01/5/2009 10:31

There has been a seller around but he might be clearing - 20K and 50K buys at the full ask today.

Goes XD om Weds, punters got to buy Tues if they want the divi.

CR