JJB Sports Share Discussion Threads

[maxmarilli] 20/9/2012 14:00

1p and keep the listing....even a cash shell has value...

[bingowing] 20/9/2012 13:58

Zeus,

Oh?

Spill a little mate...

[zeuseq] 20/9/2012 13:54

Good vibes, behind the scenes shenanigans will drive the share price up 1-5p imho. AIMHO

[bingowing] 20/9/2012 13:47

SR,

so why haven't they sold?

I understand they have written it off (don't repeat)

im asking for your opinion on why would they not have sold?

Surely recoup some money?

Serious question.

i'm not touting a conspiracy theory just wonder why they havent sold?

[maxmarilli] 20/9/2012 13:17

Tax credit of £60mill only to be used IF bought the whole company and not with a prepack.....That possible £20 mill is worth quite a lot,if someone wants the stores,the stock and that market`s slice.Competent people would turn around the business quite easily so i think the listing could be worth something.....i still expect it to be worth 1p or above....So bidding £50mill would ensure getting the lot for £30mil...that doesn`t sound a lot for 180 stores,to me...

[zeuseq] 20/9/2012 10:43

go baby go, yey!

[zeuseq] 20/9/2012 10:43

go baby go, yey!

[maxmarilli] 20/9/2012 10:16

Looks like it will move up...is the same guy accumulating at 0.35?DLY buy appeared at 9.22am for 2.84mill....there is someone that buys always at 0.35....

[zeuseq] 20/9/2012 08:37

Oooh Timid Tim if you were 6ft you would be vicious!

[mistermagoo3] 20/9/2012 08:20

Timmy you have started some good threads lol

[cathdrew2] 20/9/2012 08:15

No I have bought and sold for a profit I don't hold at the moment,you don't hold any shares in anything,because your giro won't stretch to it. You are such a sad individual you need to get out more.

[granitetim] 20/9/2012 08:13

Big Fat Cath..
Deep breaths and smell the Coffee as you wait for the inevitable...
That is pre-pack administration and not The Jeremy Kyle Show which you can watch anytime from your Gov't funded Sky+ box ;)

[granitetim] 20/9/2012 07:52

Any rescue of JJB is expected to be through a pre-pack administration, which would allow a new owner to slash its debts and dump unprofitable stores.

[showmethemoneyhoney] 20/9/2012 05:13

Bingo is ramping this with no substance. Admin was well on the cards. vat arrears now too.

[gcom2] 20/9/2012 00:12

this daily pump and dump is classic pre suspension price action.
feed the bottom feeders.

[harrissen] 20/9/2012 00:00

Wednesday 19 September 2012

Sports sale hit by HMRC tax investigation


The sale of beleagured retailer JJB Sports has been dealt a blow after details of a multi-million pound tax investigation by HM Revenue & Customs emerged.

JJB is understood to have made mistake totalling more than £5m in allocating
The Daily Telegraph has learned that HMRC has been looking into allegations that the company wrongly charged VAT on children's clothing including Manchester United and Liverpool FC replica football kits.

Mistakes are understood to have been made over more than three years dating back to 2006. While the company warned in its annual report of a £5.3m provision associated with HMRC, no details had previously emerged.

Mistakes in allocating codes to certain lines of clothing meant thousands of items wrongly had VAT allocated to them. The tax is not normally applied to children's clothing.

Although JJB has been discussing the matter with HMRC for some months, it is understood fresh details about the matter have recently been sent to the taxman and to Mike Ashley's Sports Direct, the frontrunner to buy JJB out of administration.

The sale of the company was widely expected to have been concluded by now. Last week the group put out a statement in which it warned: "JJB continues to hold discussions with a number of parties but it is unlikely that any value will be attributable to the ordinary shares."

[sir rational] 19/9/2012 20:32

Bust, assets getting sold off in a firesale, nothing left for shareholders.