JJB Sports Share Discussion Threads

[bingowing] 25/9/2012 12:18

Woodsman, true.

But JJB "had" incredibly supportive ii's and also DSG onside.


How they managed to mess it all up is beyond me.

BUt yes, the u'k high street is doomed.

And whats left of manufacturing will go the same way once 3d printers take hold.
5-10 years.

[mr hangman] 25/9/2012 11:59

Woodsman, it can go the other way, remember Next ? 7.5p at one stage

[notanewmember2] 25/9/2012 11:38

HMV - There is Totally Banjo leading his/her crusade.

[boonboon] 25/9/2012 10:22

"I guess we should've been able to see in to the future then ey?"

you had over 2 weeks of warning direct from the company. Anyone holding overnight during this period was basically playing roulette with their money.

[woodsman2004] 25/9/2012 10:20

Have followed loads of these retail pigs over the years due to my job - if investors cannot see the same pattern being followed whether it was Woolies, Game, JJB or whatever then they probably deserve to be parted from their money.

The pattern is a follows:


1) Big retail name loses its way performs badly, share price falls loads attracting penny share punters
2) Speculation about the "recovery value" combined with ignorant comments about values on (historic) balance sheets being higher than the mcap etc.
3) A couple of nay-sayers slagged off on the message boards are "de-rampers" or "shorters"
4) Lots of comments about how the stores are busy, how the new range looks good, or some new product/service down the line likely to restore the companies fortunes.
5) Company issues a thinly veiled "equity has no value" RNS - "get out while you can"
6) Retail punters refuse to believe this, frequent dead cat bounces. Often if a punter is 50-80% down, human instinct is to stay in rather than cut losses.
7) Every pick up in the share price rumoured to be someone "buying a stake"
8) Inevitable administration
9) Some "told you so" posts. Reality is that most punters will have lost money despite what is claimed.
10) Punters move on to the next stock


If you want to see this process in action, pop over to HMV where you will see mindless optimism and "group think" in action!

[pembury] 25/9/2012 08:50

katsy- agree with that!

[bubble pricker] 25/9/2012 08:45

Over on III, mugs are still clutching at straws: Oh, Al Fayed has bought a few million shares. "He must know something". "He might still put in a bid for the shares". You could not make it up.

[sportbilly1976] 24/9/2012 16:28

Its an agreed pre-pack / phoenix transaction with KPMG at the helm though...all the creditors will lose whatever they are owed which could push many smaller companies into trouble

Meanwhile the management get to start a new company from afresh and the gravy train rolls on unabaited...

shareholders here at the close on Friday had plenty of time to sell and take what they could from their investment

[tivoliworldgaming] 24/9/2012 15:55

I see that the share price closed at 0.38p last Friday, when it was only 0.23p to sell the week before that. It must of been down to speculation on bulletin boards and that is fair considering everyone has the right to gamble.

[mr hangman] 24/9/2012 14:41

I cant seem to buy these on my online Tufty broker account, what's up

[ihavenoclue] 24/9/2012 14:36

tim 3 ... the writing was on the wall well before the "for sale" notice when they couldn't even turn a profit in one of the biggest every sporting years.

The whole plan/hope last year was to survive long enough to reap the rewards of this year and they blew it big time !!

[katsy] 24/9/2012 14:34

Point noted pembury and post amended! I was thinkiong more along the lines of those minimum wage workers.

[bubble pricker] 24/9/2012 14:07

VikramArahaji 24 Sep'12 - 13:46 - 4378 of 4383

What a pity some of the derampers gloat so much.

--------------------------------------------------

Vikram, there is so much wrong with your post, I do not know where to begin. Let's start with "derampers". You still call those that warned all the mugs not to get suckered in "derampers". It is the other way round. Those that kept spouting nonsense about how bids would be made for the shares, despite the company having told the markets twice(!) that there would be no value in the shares, were the rampers. We warned the naive punters that started piling in, of course to now avail.

"Gloat so much". I suggest you go back over the posts here and see how the rampers gloated when the share price went up.

[tim 3] 24/9/2012 13:08

To be honest thought Keith Jones knew his stuff did well at Dixons,maybe it would have failed who ever was in charge.

[pembury] 24/9/2012 13:05

Do you include the substantially rewarded 'Management' team in that Katsy who have taken the company down?

Reward for failure, now where have we heard that before!.

[lufc5] 24/9/2012 13:05

I believe Mr Whelan did call this outcome some weeks ago.
Shame.

[katsy] 24/9/2012 13:03

Feel sorry for the 4000 people (except top management) who could lose their jobs, not for anybody on here who has gambled!

[tim 3] 24/9/2012 12:47

Tam

Just read the comments section on your profile great ideas for trading :)

[vikramarahaji] 24/9/2012 12:46

What a pity some of the derampers gloat so much.

[everybodywangchungtonight] 24/9/2012 12:39

pamjim12
24 Sep'12 - 13:08 - 4369 of 4376


............ Moving on, anybody got ideas on where to go next? Jim.





IOF

[zeuseq] 24/9/2012 12:25

Tam did you lose your blouse here. No need to get your knickers in a twist!