JJB Sports Share Discussion Threads

[baxtea1] 15/9/2012 15:37

Loverat, lol. I love how they always act so innocent as well.

Butter wouldnt melt...........

I took a small hit selling at .31 over a week ago. Maybe i would of held for another week & doubled my money if i hadnt read all the good advice from the derampers.

No doubt there cover comeback to that comment would always be DYOR, lol

[loverat] 15/9/2012 15:22

Hilarious how the usual posters spend their life 'reiterating' the RNS and telling everyone how right they were. These gurus will also be back in a week when this stops trading saying they were right all along. You have to laugh.

[baxtea1] 15/9/2012 15:00

Whatever muppet, there were no rampers or derampers on here, my bad. lol

[knigel] 15/9/2012 13:11

Can't they have a third each?

[pwhite73] 15/9/2012 11:14

baxtea1 14 Sep'12 - 21:58 - 3900 of 3919

"To be fair, the derampers & rampers have been no better than each other"

What a silly comment. Clearly the biggest derampers here were JJB themselves for repeatedly warning shareholders there was unlikely to be any value left in the shares.

Anyway it doesn't matter now. With today's stories in the press and more to come in the Sunday broadsheets it is unlikely there will ever be any trading of these shares again.

Was that a deramp?

[bubble pricker] 15/9/2012 10:48

Ouch, MHG. Bad decision. Big mistake. But there is a difference to JJB. MHG management lied to us, directly into our faces at the meetings. Yes, I should have done more background research, there is no excuse for that. But MHG management lied. JJB management are not lying. They are publicly announcing that the equity has no value, and yet retail investors still pile in.

[spob] 15/9/2012 08:06

The deal, which is expected to be signed by the middle of next week, is likely to be structured as "pre-pack administration".

[zeuseq] 14/9/2012 22:44

I must be superstitious as I was worried about another 1610 rns so sold at that time like the previous day, well a minute earlier just in case. Had me suspicions Sports Direct were about to tie up a deal pre-pack.


ZeusEq 14 Sep'12 - 16:10 - 3883 of 3913

Well that's me out at the same time as the day before just in case there is a dodgy rns,.. have a bad feeling this may well be a pre-pack with Ashley, rumour has it.

[fumanchuchu] 14/9/2012 22:35

People close to the process said it was likely that any deal would be by way of a pre-pack administration, which would result in the closure of a significant number of JJB's 180 stores, as well as substantial job losses. According to JJB's last annual report, it had 2,800 full-time equivalent employees.

[fumanchuchu] 14/9/2012 22:34

Sports Direct is frontrunner in JJB sale

By Andrea Felsted, Senior Retail Correspondent

A deal to salvage some of JJB Sports could be struck as early as next week, with Sports Direct , the sports goods retailer controlled by Mike Ashley, a frontrunner to pick up part of the business.

People close to the process said it was likely that any deal would be by way of a pre-pack administration, which would result in the closure of a significant number of JJB's 180 stores, as well as substantial job losses. According to JJB's last annual report, it had 2,800 full-time equivalent employees.

JD Sports , which in January struck a deal to acquire Blacks Leisure, is also among those interested in part of JJB.

A deal with Sports Direct may need clearance from competition authorities.
KPMG, which has been appointed to sell JJB, had hoped to clinch a deal by Friday. However, it is now expected to drag into next week.

One of the factors complicating the process is that none of the interested parties are keen to take on the whole of JJB's 180 store estate.

One person familiar with the sports goods market said that neither Sports Direct nor JD Sports would want to pick up a significant number of stores, but would instead cherry pick the best sites. KPMG would be keen for a buyer to take as many stores as possible, they said.

Dave Whelan, who founded JJB, would also be interested in 30-40 stores, while retail restructuring firm GA Europe also submitted a bid.

Many retailers are due to pay three months rent on September 29, which may also affect the timing of a deal.

Sports Direct and JD Sports' interest provides some hope for JJB after a number of the frontrunners to acquire the business pulled out of the race.

The FT revealed on Monday that Jon Moulton's Better Capital had not submitted a bid for the business, even though it had looked at JJB before it was put up for sale.

It also emerged on Monday that Decathlon, the French sporting goods retailer, would not be pursuing a bid. OpCapita, the private investment company, also received the sales information but asked for more time to assess whether any of JJB was of interest to it.

JJB was put up for sale last month . It said on Thursday that a number of parties had submitted offers, and it continued to talk to interested parties. However, its shares were likely to be worthless.

[sir rational] 14/9/2012 22:15

Cherry pick, hmmm?

They've been reading my quality posts, no doubt.

[sir rational] 14/9/2012 22:14

Sports Direct is frontrunner in JJB sale

By Andrea Felsted, Senior Retail Correspondent

A deal to salvage some of JJB Sports could be struck as early as next week, with Sports Direct, the sports goods retailer controlled by Mike Ashley, a frontrunner to pick up part of the business.

People close to the process said it was likely that any deal would be by way of a pre-pack administration, which would result in the closure of a significant number of JJB's 180 stores, as well as substantial job losses. According to JJB's last annual report, it had 2,800 full-time equivalent employees.


On this topic
Decathlon backs off from JJB Sports bid
JJB Sports suitor stops short of offer
JJB Sports sale gathers pace
JJB Sports for sale as turnround efforts fail

JD Sports, which in January struck a deal to acquire Blacks Leisure, is also among those interested in part of JJB.

A deal with Sports Direct may need clearance from competition authorities.

KPMG, which has been appointed to sell JJB, had hoped to clinch a deal by Friday. However, it is now expected to drag into next week.

One of the factors complicating the process is that none of the interested parties are keen to take on the whole of JJB's 180 store estate.

One person familiar with the sports goods market said that neither Sports Direct nor JD Sports would want to pick up a significant number of stores, but would instead cherry pick the best sites. KPMG would be keen for a buyer to take as many stores as possible, they said.

Dave Whelan, who founded JJB, would also be interested in 30-40 stores, while retail restructuring firm GA Europe also submitted a bid.

Many retailers are due to pay three months rent on September 29, which may also affect the timing of a deal.

Sports Direct and JD Sports' interest provides some hope for JJB after a number of the frontrunners to acquire the business pulled out of the race.

The FT revealed on Monday that Jon Moulton's Better Capital had not submitted a bid for the business, even though it had looked at JJB before it was put up for sale.

It also emerged on Monday that Decathlon, the French sporting goods retailer, would not be pursuing a bid. OpCapita, the private investment company, also received the sales information but asked for more time to assess whether any of JJB was of interest to it.

JJB was put up for sale last month. It said on Thursday that a number of parties had submitted offers, and it continued to talk to interested parties. However, its shares were likely to be worthless.

[fumanchuchu] 14/9/2012 22:08

They called it "pin money". Acting all clever thinking they knew better. They made up all sorts of scenarios.. reading into the RNS every which way but the obvious.

Well all those that constantly mocked those that were persistently correcting the liars - they deserve to have lost everything.

[baxtea1] 14/9/2012 22:08

Fucmanchu - and your point is?

Nothing misleading or untrue in my posts, lol.

[sir rational] 14/9/2012 22:04

Would you not have been better selling your holding and giving out a few fivers to the local tramp?

At least the hobo could have had a decent night of it.

Now you will have nothing to give out come Monday morning.