Jd Sports Fashion Share Discussion Threads

[strutt12] 19/12/2008 17:34

It is unclear whether Ashley intends to offload Sports Direct's existing stakes. A spokeswoman declined to give details but confirmed that Sports Direct was planning to reduce stakebuilding going forward.

[gripfit] 15/12/2008 09:34

i hope jd do not do a barrets/or taylor wimpey,as each time a company seeks to expand by aquisition,it usually gets dragged down.

[cockneyrebel] 12/12/2008 21:50

looks like JD are going to merge with JJB by the chart - bad news if they did imo.

CR

[strutt12] 12/12/2008 17:02

Wonder if JJB's holding is having an effect?

Fell off the cliff this afternoon!!

[gripfit] 02/12/2008 12:24

was the purchase of 25mill jjb a tad premature,they are sitting on a 5million paper loss at the moment?

[tony5000] 25/11/2008 07:53

JD Sports Fashion plc ("JD"), the leading retailer of sports and fashion branded and own brand footwear and apparel, announces that on 24 November 2008 it bought 25,058,100 shares in JJB Sports plc ("JJB") at a price of 32.25 pence per share, being 10.02% of the issued voting ordinary share capital of JJB. JD does not hold any other ordinary shares in JJB. JD has made this strategic investment in JJB because of its important place in the performance sports retail market.

[little beaker] 15/10/2008 17:37

Could JD be buying JJB's lifestyle business?



Could potentially be a good strategic fit

[petersmith6] 24/9/2008 00:15

so there accumulating shares, but for who?nice rise to 350p will do me for a while

[tony5000] 23/9/2008 13:41

Sports Direct increased holding to over 13% - date of increase 3rd September - notified 22nd September - how does that work then ? Market makers filling the order ?

[tony5000] 23/9/2008 07:29

Very good interim results this morning and exceptional sales and margin performance in the current climate - as anticipated in post 123 above.

Continues to be undervalued IMHO in view of performance - like for like sales have again improved - and future growth potential in Bank chain which the company says will roll out in the near future.

[tony5000] 02/9/2008 07:30

Volume significantly increased in this share in the last 2 trading days - relatively big volume for this share but no price change as yet ?

[strutt12] 18/8/2008 17:04

Don't forget we're on the brink of a recession!!

[tony5000] 13/8/2008 07:58

I believe that the recent downturn in price has been over done. Company reported recently that like for like sales to the end of May were over 4% positive and gross margins maintained - i.e. 4 months into the 1st half year. June was supposedly o/k for retailers, whilst July a bit poorer. Presume JD at least performed in line or better than the pack in June so July would have to have been disastrous to warrant this mark down - unlikely. May be just a tree shake - historic support at 275p - if this holds could now be on the up.

[tony5000] 24/6/2008 11:04

In addition to positive House Broker comments, I believe that JD still has significant growth potential and specifically in relation to the recent acquisition of the Bank fashion store chain. Assuming they can get the trading formula and offer right in Bank this chain may have the potential to grow from its current 49 stores to over 200 to 250 stores over the next 5 years. IMHO DYOR.

[tony5000] 19/6/2008 09:00

On April 15 the group reported like-for-like sales growth of 4.2 percent for the 10 weeks to April 12. John David said on Monday 9th June that - after a further seven weeks of trading to May 31 - cumulative like-for-like sales growth has "marginally improved" in both the Sports and Fashion Fascias. In reaction, Investec Securities left a 'buy' rating on the stock, noting that John David Group continues to outperform the vast majority of its retail peers in terms of like-for-like sales growth. It notes that despite facing tougher comparatives, the group has made further progress from the impressive like-for-like growth reported in April. Leaving a 500 pence price target on the stock.

The broker said it thinks the group's tradition of under-promising and over-delivering is a positive attribute in its view.

House broker Investec Securities is sticking with a year to Jan. 30 2009 underlying pretax profit forecast of 45.0 million pounds, up from 43.4 million pounds last time. It has a 'buy' recommendation, a target price of 500 pence and reckons the stock is "significantly undervalued". "Continued like-for-like growth in excess of 4 percent against high single digit comparatives clearly puts John David up in the retailing elite in our view," said the broker.

Looks pretty good to me - no debt and continuing on track in spite of difficult market conditions - IMHO DYOR

[tole] 09/6/2008 15:05

Picked up by the brokers...

'whilst gross margins have been maintained, further increases are proving to be
challenging to achieve'

A few forecast downgrades off the back of that IMS. I note altium scalped a few pence of their figures this morning - looking for 57p EPS 2009e now. And a reduced target of 456p

Still relatively cheap on PE of 6. I suppose if achieveable.

[strutt12] 21/4/2008 15:12

Too illiquid for me

[tony5000] 21/4/2008 15:11

Forecasts now upgraded for 2009, 10 & 11 to £45m, 47.25m and £50.39m respectively - EPS 65.63, 68.53 & 73.07 for the same years - PE'S of 5.4, 5.18 & 4.86.

Market cap. £171.3m.

Possibly only a matter of time before this share resumes some stellar performance in view of recent results and upgrades. Deserves a re-rating IMHO DYOR.

[cockneyrebel] 21/4/2008 11:04

Chart still moving positive - iff JJB are a bid target what are these with no debt and a tiny PE?

CR

[cockneyrebel] 17/4/2008 10:44

Completely agree. The chart is actually turning north if you have a look - reckon as this breaks out the punters will force it north. PE 5 and no debt as you say and earnings growing - that's pretty compelling imo.

CR

[tony5000] 16/4/2008 14:32

JD is on a low forward PE c5, has no debt and has a better forecast profit profile than JJB. Forecasts prior to announcements yesterday for JD and today for JJB were as follows:

JD - 36.5m, 43m & 45.5m for 08,09 & 10 respectively - market cap £172m.
- EPS - 51.10p, 61.48p & 66p respectively.
- PE - Current PE based on 07 - 10.68 - forecasts 6.96, 5.79 & 5.39 respectively.

JJB - 33.9m, 37.1m & 44.9m for 08, 09 & 10 respectively - market cap £272m.
- EPS - 10.04p, 11.05p & 13.23p respectively
- PE - Current PE based on 07 - 7.70 - forecasts 11.35, 10.31 & 8.61 respectively.

The market will maybe wake up to the low valuation soon with the prospects of a bid on the current low valuation always a possibility.

[tole] 16/4/2008 11:39

Looking at the two - The FY2009E PE of 11 at JJB compares to 6.0 at JD Group. And altium initiating JJB with a SELL today compared to their BUY stance at JD. from yesterday.

[cockneyrebel] 16/4/2008 10:15

JD slaughtering JJB. JD look like they are trading on a valuation way below JJB imo. Reckon they will get bought up before long after a few funds do a bit of due dili.

CR

[strutt12] 15/4/2008 11:30

I expect Mike to make a move before too much good news is out