Jd Sports Fashion Share Discussion Threads

[sttrader] 15/4/2015 12:42

Am I being too greedy to request a more generous dividend? Would a cover of 3x be too much to ask?

[mapmagic] 15/4/2015 09:30

Would seem strange not to be in a company that's expanding, with lots of cash, growing profits and revenues and valued at less than 10 x PBT to MCAP!

[hawaly] 15/4/2015 08:55

I'd guess there are quite a few investors that would choose to swap out of SPD into JD. in order to get this type of growing retail exposure.

Hopefully less of a lottery if you get my drift...

[mapmagic] 15/4/2015 07:36

Absolutely super results. Smashed profit and revenue forecasts too! Most definitely due a re-rating and expect brokers to revise up future forecasts on the back of today's numbers. Really like the management's style too; don't over promise but consistently over deliver and exceed expectations. And with further expansion planned and all that cash to do it, long I believe it will continue. Happy long term holder :)

[mapmagic] 02/4/2015 13:11

Tree shake ahead of results. Stock accumulation by the MM's I would say.

[cfro] 29/1/2015 17:57

Those forecasts look a little light Ic2, given the recent statement.

SP very nearly broke out today. In fact it did very briefly. Perhaps tomorrow?

Here's a piece from last weeks Money Week publication:


Last April i suggested buying shares in sports retailer JD Sports at 1,735p.I thought the company had strong momentum and that a sensible strategy and strong profits growth could keep the price heading higher. And thats what happened.

After splitting its shares into four last summer, the price last week was 508p, which equates to 2,032p pre-split. Trading has remained very strong. The five week Christmas period to 3rd Jan saw like for like sales rise by an impressive 12%. Trading has been so buoyant that management expects pre-tax profits for the year to february to beat analysts forecasts (£90m top end). Unsurprisingly, investors gave this news the big thumbs up.

So what of its prospects at the current price?

Im still quite optimistic that this company can keep growing nicely. I like the fact that it owns a lot of the shoe brands that it sells and that it can do more with turning around the Blacks Leisure outdoor clothing business.

Then theres the potential to create a strong business in Europe to replicate its success in the UK. The firm has sold its struggling fashion business, which never really made a decent profit. Last but not least, at 13.5 times 2016 forecast earnings, the shares are slightly cheaper than when i tipped them last year. I'd stick with it, or buy in if you haven't already.

[interceptor2] 19/1/2015 16:57

Breakout confirmed today.

See two new increased broker estimates below, still haven't seen the Investec estimates yet.

Singer
2015 = PBT £95.69m and EPS 36.00
2016 - PBT £99.98m and EPS 38.00

Canaccord
2015 = PBT £94.00m and EPS 36.50
2016 - PBT £99.00m and EPS 39.00

[2breakout] 17/1/2015 07:56

JD Sports Fashion climbed 31.9p to 508p after issuing a Christmas trading update that showed a 12pc increase in like-for-like sales at its continuing businesses in the five weeks to January 3, a rise that Investec analyst Kate Calvert called “exceptional”.

FLASH: Investec reiterates buy on JD Sports Fashion, target raised from 540p to 610p - See more at:

FLASH: Cantor Fitzgerald reiterates buy on JD Sports Fashion, target raised from 520p to 565p - See more at:

FLASH: N + 1 Singer reiterates buy on JD Sports Fashion, target raised from 550p to 560p - See more at:

FLASH: Canaccord Genuity reiterates buy on JD Sports Fashion, target raised from 550p to 565p - See more at:

[jeffcranbounre] 16/1/2015 19:33

JD Sports is featured on today's ADVFN podcast.

To listen to the podcast click here>

In today's podcast:

- Technical Analyst and PR at Materinvestor.co.uk Zak Mir chatting and charting Quindell and it’s good news if you’re Quindell investor, Nanoco, Afren, Blur and should you invest in BP or Royal Dutch Shell?

Zak on Twitter is @ZaksTradingCafe

- And the micro and macro news including:

Quindell #QPP
Afren #AFR
Royal Bank of Scotland #RBS
Blur #BLUR
Nanoco #NANO
BP #BP.
Royal Dutch Shell #RDSB
Moneysupermarket.com #MONY
GlaxoSmithKline #GSK
Synthomer #SYNT
JD Sports #JD.
HSBC #HSBA
Google #GOOG
Standard Chartered #STAN
Vedanta Resources #VED
MyCelx Technologies #MYXR
IG Group #IGG
Shire #SHP
AstraZeneca #AZN
Smith (DS) #SMIN
Dignity #DTY
Tristel #TSTL
Lancashire #LRE
Wolseley #WOS
Robert Walters #RWA

Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.



(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

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Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.

Justin

 

 

[cfro] 16/1/2015 18:18

Just two p short of a breakout...

[cfro] 16/1/2015 09:56

Decided to join you two here. ;)


What, for a jog? :-)

[jamielein] 16/1/2015 09:09

Decided to join you two here :)

[interceptor2] 16/1/2015 08:37

I was wondering where the the money would be spent, for the consumer who is spending less at the pumps. Answer new pumps :o)

[cfro] 16/1/2015 08:30

Same idea as me Ic2. Thats funny! ;-)

Obviously quite a few been running round buying trainers for xmas! :0))

[interceptor2] 16/1/2015 08:22

Bought in at the open.

Strong statement, like for like sales 12% ahead of a strong comparative period is impressive. And valuation looks appealing, with a strong looking chart and a breakout target at 512p.

[hawaly] 16/1/2015 07:24

Excellent statement.

[trident5] 05/1/2015 22:13

MartinC
I think you're right, especially as the buyer is a retail turnaround specialist - suggests to me that they didn't get what they thought they were getting.

[martinc] 05/1/2015 21:35

Isn't that a bit odd that Bank should go bust today, only a month after it was sold?

[grindertrader] 27/11/2014 15:59

JD. has been quite volatile at times, but it has been a holding that survived well the market correction.It has still great quality amongst the fundamentals and momentum is still giving a nice wind. This is a share that I rarely comment on but have held nicely and gained good profits.As you say disposals seem to have been taken positively by the markets

[mickeyb] 25/11/2014 10:51

Market really likes the news of disposal of Bank of fashion division which lost £8m last year Sp up 18.5p to 472p

Also statement stating sales are progressing up to Christmas in line with expectations, all appears

[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.