Jd Sports Fashion Share Discussion Threads

[mickeyb] 31/10/2014 08:41

Something's up , up 14.4p yesterday and already up 24.4p on small volume.

[mechanical trader] 19/9/2014 08:20

19 Sep 2014 JD Sports Fashion... JD. Cantor Fitzgerald Buy 0.00 433.30 500.00 500.00 Reiterates

SP TARGET 500p

[mechanical trader] 18/9/2014 08:36

JD. Citywire Comment...


JD Sports doubles profits
Retailer JD Sports (JD) has exceeded expectations with a 100% increase in first-half profits before tax.

Investec analyst Kate Calvert retained a ‘buy’ recommendation and a target price of 475p following its H1 results. Shares were trading at 408p yesterday.

‘Good numbers were expected post its Q1 trading update, but a 100% increase in H1 profits before tax results has exceeded expectations,’ she said.

‘This has been driven by sport, which has had another strong footwear performance, and progress in Europe. Valuation on our upgraded full year forecast – 3% increase – looks undemanding given the untapped UK growth potential, building momentum in its profitable European business as scale increases, and the ability to reduce £15 million of outdoor and fashion forecast losses over time.’

[mechanical trader] 17/9/2014 14:15

Sprint after record-breaking JD Sports
By Lee Wild | Wed, 17th September 2014 - 12:22

Sprint after record-breaking JD SportsJD Sports Fashion (JD.) had a fantastic 2013, and after a pause for breath this year, has unveiled a record set of first half numbers. Profit actually doubled and City number crunchers have raised forecasts for the full-year. The second half will be harder, but the sports retailer's shares look to have legs.
Sales for the 26 weeks ended 2 August surged by 27% to £721.5 million and costs as a percentage of revenue fell sharply. Strip out £3.5 million of one-off items, mainly provisions for onerous property leases, and operating profit rocketed from £10.4 million to £21 million. Investec Securities had pencilled in just £15 million.

An "exceptional" performance at the Sports division was the driving force. There, business was up across Europe and profit grew by a third to £34.8 million. Trainers sold particularly well.

Crucially, losses at the Outdoor unit - Blacks and Millets - narrowed significantly from £8.9 million to £5.6 million and are expected to shrink further during the remainder of the year. Fashion had another shocker, though, with losses widening to £8.2 million from £6.8 million. However, the second quarter showed signs of improvement and the second half is typically busier. Underperforming stores are being shut and rents reduced, too.

Admittedly, comparisons get tougher as the year progresses - like-for-like sales at the core UK and Ireland Sports operation jumped by 11.2% in the second half of last year.

That's why Investec capped its upgrade for full-year adjusted pre-tax profit at 3%. The broker now expects JD to make £83.5 million in the year to January, giving adjusted earnings per share (EPS) of 32p, up 9%. It's looking for 11% growth the following year.

Of course, JD has work to do turning round both the Outdoor and Fashion operations, but both are achievable. Fix them, and Investec points out that EPS would be enhanced by 18%. True, that's unlikely short-term, but it gives an idea of the potential.

Strip out forecast year-end net cash of £61.1 million, worth 31p per share, and JD Sports shares (currently at 433p) trade on just 12.6 times forward earnings, dropping to less than 11 for 2016. JD shares have consistently found strong support at the 200-day moving average (currently 396p), but if management keep this up, they won't need it.

[mirabeau] 17/9/2014 14:09

My trade llooking nice

[mechanical trader] 17/9/2014 14:09

Investec analyst Kate Calvert said the retailer's trading figures for the first half did not disappoint.
"Good numbers were expected post its first quarter trading update, but a 100% increase in first-half pretax profit results has exceeded expectations. This has been driven by Sports, which has had another strong footwear performance, and progress in Europe," said Calvert.

[mechanical trader] 17/9/2014 14:08

JD Sports Fashion Sports Impresses With Interim Profit As Sales Surge
LONDON (Alliance News) - Sports and fashion chain JD Sports Fashion PLC Wednesday sported an ...
Alliance News17 September, 2014 | 7:58AM

LONDON (Alliance News) - Sports and fashion chain JD Sports Fashion PLC Wednesday sported an impressive increase in its pretax profit for the first half of its financial year, as strong revenue growth was driven by another strong sales performance from its core UK sportswear business.
The sportswear, outdoor clothing and fashion retailer reported a pretax profit of GBP16.5 million for the six months to August 3, up from only GBP6.1 million a year earlier.
Its profit was driven by a 27% increase in revenue to GBP721.5 million, up from GBP567.4 million last year, after strong sportswear sales continued, and it was given a much-welcome boost by the build up to the football World Cup.
"Our sports operations continue to provide the engine for profit growth and cash generation in the group and will therefore continue to be the primary focus of investment," said Executive Chairman Peter Cowgill in a statement.
Alongside raising its interim dividend to 1.1500 pence per share, up from 1.1125 pence last year, the retailer gave a confident outlook for the remainder of the year, despite tough comparatives, saying it expects to deliver a profit an the top end of market expectations.
"The board recognises the demanding comparatives of the second half of the last financial year...as well as our significant dependence on Christmas trading but following the robust performance of the business in the first half believes that the group is well positioned to deliver results towards the upper end of current market expectations," said Cowgill.
Profit and sales growth in the company in recent years has been driven by its core sportswear business, including JD and its footwear stores Size?, while its fashion and outdoor businesses have been a drag.
The company said that besides its UK and European sports operations, its begun to see positive progress in its outdoor business, following major restructuring. However it said its fashion business, which includes brands Bank and Scott, continues to under perform and increased its trading losses.
"Fashion continues to disappoint, albeit trading more positively in the second quarter. The second half of the year is traditionally stronger for the fashion fascias," said Cowgill.
The retailer has also been expanding overseas, having recently acquired a package of stores in the Netherlands and Germany, while adding to its international offering in France and Spain.
"We have subsequently opened a further two stores in this country [Germany] and have increased our critical mass elsewhere with additional stores in the period in both France and the Netherlands. There will be further openings in all of our international territories in the second half," the company said.
Investec analyst Kate Calvert said the retailer's trading figures for the first half did not disappoint.
"Good numbers were expected post its first quarter trading update, but a 100% increase in first-half pretax profit results has exceeded expectations. This has been driven by Sports, which has had another strong footwear performance, and progress in Europe," said Calvert.
By Rowena Harris-Doughty; [e-mail]; @rharrisdoughty
Copyright 2014 Alliance News Limited. All Rights Reserved.
- See more at: hxxp://www.morningstar.co.uk/uk/news/AN_1410937092203265900/jd-sports-fashion-sports-impresses-with-interim-profit-as-sales-surge.aspx#sthash.pjqJkUhF.dpuf

[mechanical trader] 17/9/2014 12:00

September 17, 2014 8:48 am
JD Sports hails health of the high street with record results
By Andy Sharman and John Aglionby FT Times.


JD Sports has declared the high street “alive and well” after the British retailer delivered record first-half results.
The company’s core sports stores, including the Size? footwear chain, defied England’s early exit from the World Cup, helping group-wide sales rise by more than a quarter to £721m in the six months to the start of August.

Adjusted pre-tax profit doubled to almost £20m, prompting JD Sports to say it expected to deliver annual results at the top end of market expectations for £78m-£84m in adjusted income.
“The malls are attractive but the high street is alive and well in a number of areas,” Peter Cowgill, executive chairman, told BBC’s Today programme. “We’ve focused on creating a strong environment so it gives customers an exciting place to shop.”
However, Mr Cowgill, JD Sports’ executive chairman, said the company’s fashion stores continued to “disappoint221;. Operating losses at the division, which includes the Bank and Ark outlets, increased in the period from £6.8m to £8.2m – though the Scotts chain was said to have “performed well”.
There was better news in the outdoor business, where operating losses narrowed from £8.9m to £5.6m, thanks to “considerable” progress at the Blacks and Millets brands.
JD Sports bought the chains out of administration in 2012 and has since installed dedicated management teams for the stores and sought to revamp their product ranges.
Freddie George, analyst at Cantor Fitzgerald, said: “The JD format, which has been strengthened over the past two years is clearly differentiated, and has significant potential to be developed overseas with the support of the international sports brands.
“We are also confident that the outdoor and fashion losses will either be markedly reduced over the next two years or . . . with respect to fashion, management will be under pressure to dispose of these activities.”
Longstanding chief executive Barry Bown stepped down from the company in May after 30 years at the group.

[mechanical trader] 17/9/2014 11:37

JD Sports share price jumps 7 per cent as it posts record profits

by Billy Ehrenberg September 17, 2014, 7:54am

JD Sports posted record first-half results as its pre-tax profits soared, rising 170 per cent to £16.4m. (Source: Getty)
Shares in JD Sports rose seven per cent in mid-morning trading as the retailer posted record first-half results as its pre-tax profits soared, rising 170 per cent to £16.4m.

Revenue also jumped to £721.4m, an increase of 27 per cent.

The bulk of the growth was in the company's UK and European sectors.

Peter Cowgill, executive chairman, said the sports business was still a key driver of growth.

Our Sports operations continue to provide the engine for profit growth and cash generation in the Group and will therefore continue to be the primary focus of investment.

Cowgill identified the second half of the year as more challenging, but hoped JD would post full-year results towards the upper bounds of market expectations.

The Board recognises the demanding comparatives of the second half of the last financial year, particularly in the core UK and Ireland Sports fascias where like for like sales increased by 11.2 per cent, as well as our significant dependence on Christmas trading but following the robust performance of the business in the first half believes that the Group is well positioned to deliver results towards the upper end of current market expectations

[mechanical trader] 17/9/2014 11:29

N+1 Singer Buy 425.40 408.00 500.00 500.00 Reiterates

Cantor Fitzgerald Buy 425.40 408.00 500.00 500.00 Reiterates

17 Sep 2014 JD Sports Fashion... JD. Investec Buy 435.20 408.00 475.00 475.00 Reiterates

[mechanical trader] 17/9/2014 11:07

Excelent results today really lifting this one J D Sports.

[discodave4] 04/9/2014 18:53

Lucky,See what you mean.This has been on my watchlist for a while but following the split as you say it's difficult to value - TBH if in any doubts walk away, I intend leaving it where it is for the moment - on watchlist.GLDD

[luckymouse] 15/8/2014 07:58

4 for 1 split makes it hard to judge things - most sites saying yield is around 2% - I calc share price should be a lot higher but not sure if that's because its way undervalued or some data/f'casts have not been updated?
What you guys reckon?

[asturius101] 08/8/2014 10:19

Div y @7%. No brainer

[thorpematt] 05/8/2014 20:16

Indeed, for all intents and purposes there are 195m shares in issue and a few prefs.

[discodave4] 04/8/2014 20:13

sttraderThink your right.DD

[sttrader] 04/8/2014 16:55

Is it because we had a 4 to 1 split recently and the eps and divi has not been updated to suit? That may explain a low pe and high divi.

[kaffee] 04/8/2014 12:11

Am I missing something here ?

Div at 7%, covered nearly 4 times ?! PE of less than 5 ? And the last update implied everything as as expected ??

[luckymouse] 02/8/2014 14:10

Guys - what are your fwd share price targets here?

[matt123d] 08/7/2014 17:34

Covered most into today's lows.

[matt123d] 07/7/2014 23:20

Full time frame continuity to the downside in full effect.