Share Name Share Symbol Market Type Share ISIN Share Description
Jd Sports Fashion Plc LSE:JD. London Ordinary Share GB00BYX91H57 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -26.00 -2.42% 1,050.50 1,050.50 1,051.50 1,079.00 1,033.00 1,079.00 1,682,135 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 6,167.3 324.0 23.1 45.6 10,837

Jd Sports Fashion Share Discussion Threads

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A Recession Buster SHARES TO BEAT THE DOUBLE DIP After months of speculation, the dreaded "double dip" has finally become a reality, now that the UK economy has officially entered a second contraction. It's a meaningless bit of statistics, if you ask me, but some investors pay keen attention to such things. So, what should you hold if you think we're in for a longer spell of stagnation? Apart from the obvious blue chip dividend payers, like Vodafone (LSE: VOD.L - news) with its 7%, I reckon the ones to go for are those that have come out of the recent shake-out, and are doing well in sectors that are likely to strengthen. Towards the end of the last bull run, the "sports fashion" business was booming. And though JJB Sports slumped after over-stretching itself and ending up with crippling debt, it's main competitors, JD Sports Fashion (Xetra: 903386 - news) and Sports Direct International , came out strongly and have amply rewarded those who bought the shares during the depths. As a recession buster, I favour JD Sports. Why? Well, although forecasts aren't as rosy as Sports Direct (Frankfurt: A0MK5S - news) 's, the shares haven't powered up the way its rival's have over the past 18 months, and its forecast 2013 price-to-earnings (P/E) ratio is only around 8.5, with a 3% dividend expected. In short, I think Sports Direct has too much "growth story" in it, which could be hit by market sentiment turning bearish. But JD Sports, on the other hand, has less downside risk. Source: http://uk.finance.yahoo.com/news/5-shares-beat-double-dip-145609921.html P.S. Here's a couple of links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?threadid=252803 http://www.euroinvestor.com/community/discussionthread.aspx?threadid=253089
JD Sports in Blacks hole Investors Chronicle By Lee Wild, 13 April 2012 Tips of the weekEyebrows were raised when JD Sports spent £20m buying Blacks Leisure out of administration three months ago. The anorak and campaign gear group lost £2.2m in only three weeks of ownership – a lack of stock, high costs and large, over-rented store portfolio are blamed – and it's expected to lose at least another £10m this year. Still, we think management has what it takes to get Blacks back on track and see growth beyond short-term headwinds – leaving the shares worth buying. It will take time, but there are plenty of costs to strip out at Blacks and gross margin is currently short of where it should be. So far, 81 shops have been shut, costing £3.5m, and others may follow. Yet, with savings not expected until next spring, earnings will inevitably suffer, at least in the first half. While JD has been getting to grips with Blacks, the rest of the business has done better than expected. Revenue topped £1bn for the first time and, while underlying pre-tax profit fell 7 per cent to £76m, that easily beat City forecasts despite including the hit from Blacks. Admittedly, lower-margin acquisitions such as Ireland's Champion Sports and Sprinter in Spain trimmed returns. A preference for sale items among cost-conscious youths didn't help, either – gross margin fell 30 basis points (bp) to 49.2 per cent, yet the like-for-like figure grew 20bp. A new warehouse in Rochdale, set to be up and running this summer, should help, saving transport time and costs. Clearly, such investment in infrastructure and on growing the sports division will take time to recoup, but will yield results eventually. In the meantime, business during the first nine weeks of the current year has been satisfactory – like-for-like sales rose 1.2 per cent compared with a full-year decline of 1 per cent. A large war chest suggests further sports brand acquisitions, both here and in Europe, are likely, too. Factoring in Blacks, Investec Securities now expects adjusted pre-tax profit of £65m in 2013, giving adjusted EPS of 93.6p (109.1p in 2012). JD SPORTS FASHION (JD.) ORD PRICE: 770p MARKET VALUE: £375m TOUCH: 770-772p 12-MONTH HIGH: 1,050p LOW: 560p DIVIDEND YIELD: 3.3% PE RATIO: 8 NET ASSET VALUE 442p* NET CASH: £60.3m Year to 28 Jan Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2008 592 35.0 48.8 8.50 2009 671 38.2 50.5 12.0 2010 770 61.4 88.2 18.0 2011 884 78.6 114.8 23.0 2012 1060 67.4 96.3 25.3 % change +20 -14 -16 +10 Ex-div: 2 May Payment: 30 Jul *Includes intangible assets of £99.8m, or 205p a share IC VIEW It will take time, but given that JD's highly-regarded management team should mastermind a turnaround at Blacks and oversee sensible acquisitions, a forward PE ratio of eight is too low. There's a decent yield too. Buy. Last IC view: Buy, 847p, 21 Sep 2011
why oh why oh why did they buy blacks leisure? They had a perfectly good niche business and they had to buy this business with a totally different market that is going nowhere. My bet is that they will struggle to turn Blacks.
Wonder if JD have suffered like Superdry in January: During the quarter, Retail sales of GBP78.5m grew by 27.8% compared with the same period last year, with like-for-like(2) sales increasing by 4.4%. Following a solid Christmas trading period, which saw like-for-like Retail sales of 9.3% in December, there has been a slowdown in the last three weeks of January. SuperGroup's UK store roll-out has continued with four new stores opened during the quarter at key locations including one floor of the Group's Regent Street flagship store. The Group now trades from 76 UK standalone stores and 74 concessions. As expected the Wholesale division returned to good growth in January with year-on-year sales up 59.2%, reversing the 3.8% decline in November and December. Wholesale customers are receiving their "Spring/Summer 12" deliveries earlier than last year and are well placed for the season. The quarter's variable performance in Retail has led management to revise its profit guidance and now expects profit before tax for the full year to be towards the lower end of the range of market expectations(3) . Julian Dunkerton, Chief Executive Officer, commented: "Retail sales during the quarter have been mixed, with a challenging last three weeks of January. Whilst we continue to expand our retail, wholesale and internet businesses, our focus in the coming year will be on rolling out our new ranges in the UK and internationally and making improvements to the operational side of our business."
Looks to be recovering well.
has it been announced yet how many (if any) of the BSLA shops are transferring to JD.? Also, do I detect the merest hint of bitterness in the SPD statement this morning?
Any idea what's causing the absolute drop off in price here? General retail worries or something more specific? Even so, a 40% drop in share price over 5 months seems way, way overdone here. Net cash, a 4% yield and a mid single digit PE.
Regarding our great leader Cowgill on page 8 of the Telegraph who feels physically sick over the JD Sports looting, I would suggest that what goes around comes around. Cowgill is far greedier than the looters. He grabbed a £300,000 bonus for nothing from another company, MBL (MUBL) for himself. MBL is worth around 2 million and losing money big time so the renumeration last year was outrageous.. He has no right to judge the rioters. Cowgill also allowed a bizarre minority 'investment' of £2 million into a tiny apparently worthless venture called u-explore. Maybe people should explore such suspicious activity. The average Joe might want to judge the rioters but Cowgill should shut up and return the cash
JD Sports could have JJB chain in its sights Sunday, 10 July 2011SHARE PRINTEMAILTEXT SIZE NORMALLARGEEXTRA LARGE JJB Sports could face refreshed interest from sports and fashion rival JD Sports. Sources suggest JD Sports could be lining up a bid for the chain which earlier this year struck a deal with its landlords to close more than 100 stores to keep it afloat. JD Sports last week lost out to Mike Ashley's Sports Direct, which snapped up Sir Tom Hunter's Cruise and USC fashion chains. Acquisitive JD recently bought Cecil Gee, and also took a stake in Spanish group Sprinter last month.
Company Name Buy/Sell Date Trade Value Director Volume / Price JD Wetherspoon Sell 04-May-11 £90,800.00 John Hutson 20,000 @ 454.00p Vane Minerals Buy 03-May-11 £27,500.00 Matthew C. Idiens 1,000,000 @ 2.75p Vphase Buy 04-May-11 £15,000.00 Richard Smith 1,034,483 @ 1.45p Sinclair Pharma Buy 04-May-11 £11,880.00 Jean-Charles Tschudin 33,000 @ 36.00p Vphase Buy 04-May-11 £10,005.00 Vanda Murray 690,000 @ 1.45p
Down 7%? I thought the results look pretty good. I know the outlook statement is a bit wary.. but it always is, and they keep performing.
bid abandoned idiots
http://www.growthcompany.co.uk/news/1609593/jd-sports-walks-away-from-jjb.thtml GCI comment on JD/JJB situation
big sread due to illiquity of stock (big chunk in private hands)
Went into 2 stores recently and they were diserted! The shares have had a good run but I think we may see a fall back to around 700p.
Seymour Pierce Buy reiteration with 1200p target
JD Sports in talks to buy rival JJB By Claer Barrett and Mark Wembridge FT February 2 2011 09:28 JD Sports Fashion is in talks about a possible takeover bid for rival JJB Sports, the troubled sportswear retailer. Bury-based JD Sports confirmed that it was in "early stage discussions with the board of JJB Sports", but added that there was "no certainty that an offer will be made . . . nor as to the terms". EDITOR'S CHOICE JD Sports weathers storm with sales boost - Jan-07JJB Sports likely to seek £50m cash injection - Jan-03SFO halts probe into Sports Direct and JJB - Oct-19Sports Direct seeks to oppose rival's restructuring - Feb-22 Struggling JJB has been the target of takeover speculation for some time, and its shares have fallen by 80 per cent over the past 12 months, giving it a market capitalisation of just £30m. Larger rival JD Sports has a market capitalisation of more than £400m and roughly twice the number of JJB's 250 outlets, which sell sports clothing, shoes and equipment. "The highly preliminary nature of these discussions is such that there can be no certainty that any offer will be made or as to the terms of any offer," said JJB. In a separate announcement, the struggling retailer announced a long-awaited placing to raise £31.5m from its shareholders to cure a covenant breach on a £25m facility with Lloyds Bank. The quarterly covenant test, which was due on January 31, has been waived following the support of JJB's five major shareholders, which include US fund Harris Associates and activist investor Crystal Amber. The emergency fundraising, which was mooted on Christmas Eve, comes only a year after JJB staved off administration through a £100m equity raising and renegotiated leases. JJB also updated the market on Christmas trading, revealing an 11.1 per cent drop in like-for-like sales in the five weeks to January 23. Group revenue fell 12.1 per cent in the same period and discounting in JJB's post-Christmas sale reduced the gross margin from 26 per cent to 24.9 per cent on an annual basis. That compares with a robust performance over Christmas from JD Sports, which saw analysts upgrade profit estimates after it reported a like-for-like sales increase of 2.5 per cent in January. Analysts at Seymour Pierce offered mixed views of the possible takeover, noting that although JD Sports, with net cash of £70m, can afford to buy JJB, there was "little overlap in the store formats – JD's format is focused on sports fashion where JJB is striving to be viewed as a sports wear specialist". But Seymour Pierce said that suppliers such as Nike and Adidas were likely to be supportive of a deal and that "there would be significant opportunity for synergies between the two businesses". Last month JJB Sports was fined £445,000 ($706,500) by the Financial Services Authority for failing to disclose the true cost of two acquisitions which led to a false market in shares of the sports retailer for nine months in 2008. When this information was finally disclosed in September 2008, JJB's shares fell 49.5 per cent in a single day. And in October 2010, the Serious Fraud Office dropped its investigation into cartel activity between JJB and rival retailer Sports Direct, but it is still pursuing a criminal investigation into individuals. Shares in JD Sports fell 1.5 per cent to 835p on Wednesday, while JJB Sports added 21 per cent to 5.6p.
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