Jd Sports Fashion Share Discussion Threads

[alotto] 24/6/2024 17:00

Why The US have been crying out for a sports fashion retailer just like this for years?

[soixanteneufdude] 24/6/2024 16:03

This is hugely undervalued imo. With the inroads they've been making to break the US market this could easily be double this level in the next year or so. The US have been crying out for a sports fashion retailer just like this for years.

Plus they've been trimming the dead wood in their Bury head office for a much leaner operation. Watch this space !

[disc0dave46] 24/6/2024 14:45

Can't compare JD with Asda.Everything you say has already happened and we are now IMO in a bull market. The sports retail data also suggests you are wrong from what I've read. As for disposable incomes - from memory the prime demographic for sportswear / trainers are 23 year olds, who are in the band of those with proportionally higher disposable incomes (they live at home plus benefitted from the minimum wage increases). Still be interested though if you could post up some links / data to support your bearish stance on JD in particular rather than comparing to a grocer.

[tudes100] 24/6/2024 13:48

ONS retail data for May that came through Friday suggests JD should be doing just fine. Need to remember only third of the business sales come from UK now. Near 10% increase in national living wage and minimum wage from April 1st will be helping disposable income of 16-24 yr olds, JD core audience. I've not even mentioned positive impact of Euros and Copa America on replica shirt sales, etc.

[hraj] 24/6/2024 13:09

I'm seeing retailers struggling due to wider economics of interest rates and inflation increasing, looks at Asda etc.. people are left with less disposable income and are making decisions that would mean they may not spend £100 on a pair of shoes..or buy them as frequently.. it will happen inevitably..Also the job market appears to be slowing with an increase in jobless in the UK and the US.This is pure speculation on my part but I'm expecting a downturn and retailers will get hit..not just JD but the entire sector.

[disc0dave46] 21/6/2024 18:43

Sector downturn? - can you validate that please with some data / research.Thanks

[alotto] 21/6/2024 15:45

The sector!? This is not a tobacco stock. Athletic apparel is expected to grow quite considerably to 2030 and beyond. More and more people use trainer on daily basis and people are getting more and more physically active.

[hraj] 21/6/2024 15:20

The sector as a whole is on the verge of a downturn, sooner rather than later.. JD tried to up their prices but during the recent sales the prices were on par with 2021 and before.This new management team will run down the company, he did the same at kingfisher..don't expect much..they will start closing down stores because he over promised again.

[disc0dave46] 21/6/2024 11:59

ONS retail data looks positive and Nike results next Friday will be interesting."The data showed that non-food store sales volumes - the total of department, clothing, household, and other non-food stores - rose 3.5% in May. This was the largest monthly rise since April 2021, and followed a 3% fall in April.Within non-food stores, there was strong monthly growth for clothing and footwear retailers, furniture stores, and sports equipment, games and toys stores. The ONS said retailers reported improved footfall, better weather, and the impact of promotions."

[hamhamham1] 20/6/2024 15:20

True... BUY, BUY, BUY !!! :)
And only buy with cash, once saved up another pile, no debt loading please ;)
Maybe one big buy a year.

[alotto] 20/6/2024 14:43

Hamhamham Why would you waste money on dividends and buy backs when there is a hell lot of opportunities across the whole of Europe, middle East and the very US?

[hraj] 20/6/2024 14:12

You think Regis will turn this around..he's busy laying off staff at the head offices

[hraj] 20/6/2024 14:10

Their 55 percent owned by the pendant group, so not all profit is for the public shareholders

[hamhamham1] 19/6/2024 10:13

Inc the new USA company purchase (bought for cash), the profit before tax going forward should now be over £1bn in next years accounts. GLA.

So that would be a debt free company making over £1bn profit currently trading at a PE of 6, that's a bit low, if PE was 12 to 14 then that would be a better fit.
I imagine after this USA purchase, could be a period of consolidation and spending profits on share buybacks or divis?

[hamhamham1] 19/6/2024 10:11

Bought back in today at 117.x pence.
Tuck away for 18-24 months and hopefully near double then. Who knows :)

[alotto] 13/6/2024 21:12

I believe the price target was based on £1.2 to £1.5B pbt. We are no where near that mark presently. At best we will be above the £1B figure in the current financial year. The Q2 trading update in August will be crucial

[alotto] 11/6/2024 08:53

In a few months it will be 3 years since we were trading at peak price of 230p.
Back then some brokers were forecasting 300p. Now brokers are forecasting a tiepid 150p.
I doubt that even meeting the high end of the company PBT target of over £1 billion would take us to 230, let alone 300p.

[covid 19 deal] 07/6/2024 17:54

Ukplc is a country to be fvuked by shorters

[blueflex2] 03/6/2024 13:40

Is takeover of France Courir completed since the news released May last year.

[alphabeta4] 03/6/2024 10:33

Feeling in a weird mood this morning - what follows is not usually the sort of thing I usually write.
The last couple of years have seen me spend lots of time doing my brains in over just how ridiculous some of the valuations have become on a whole load of London listed growth shares.
I'm a self-employed professional investor on 9 years and I have a spreadsheet full of the valuations that would be prescribed line by line on some things on a peak valuation basis (Sept 2021) using the same forward pe and adjusting for cash held. For JD I have £3.092.
On Friday we whipsawed from a 15% to c7% drop end of day and now we're ahead of the update. FWIW I crunched the Friday numbers and had them in line if there was no improvement for the rest of the year due to the slightly higher gross margin. The price action was weird in my view. I am seeing a few lines start to show signs of valuing out (one was KWS which I just sold and upped positions including here). I expect to be paid handsomely having gone through a lot of stress in the process.
The issue I have is this: why on earth has this been allowed to happen in the first place? Has no-one got any conviction anymore? It just seems like everyone has been following each other around like lemmings and now there starts to be the odd private equity bid and analyst slap a big target price on something for everyone scrambles to get back in. I'm pleased but it doesn't really say much for the market we're operating in.

[weemonkey] 03/6/2024 08:12

Most numbers have doubled over last 4-5 years yet the stock is down. There is a valuation 'common sense gap' that will be filled in my view. Perhaps we are seeing the start of that today.

[ali47fish] 03/6/2024 07:27

FMR LLC adds to holding

City of registered office (if applicable)

Boston

[binghall] 31/5/2024 10:14

The growth phase does not feel done here, but there are economic factors that are constraining spending at the moment, PE is c10 on an adjusted basis and c12 on a basic basis, so not sure where the PE 0f 30 comes from. The frustration feels that the UK market does not value continually profitable leading companies. It is likely to be making £1bn profit each year from now on - it is no wonder that UK firms are being snapped up regularly by foreign predators. Makes no sense.

[con90210] 31/5/2024 09:47

Hope so! In at 118 for a 2k