Jd Sports Fashion Share Discussion Threads

[rafieh] 11/12/2019 13:14

A sale of 2.5% of total company's shares should not cause a 12% drop. Way overdone in my view.

[hawaly] 11/12/2019 10:08

FYI

May or may not be relevant - make up your own minds.....


Research Announcement: Moody's - European retail outlook is negative due to shifting demand, continued slow economic growth
11 December 2019
London, December 11, 2019 --

Online competition slowing overall sector sales growth, narrowing margins
Moody's forecasts that 40% of rated retailers will record lower profit in 2020 than 2018 or 2019 or both
The outlook for retail companies in Europe for 2020 is negative, Moody's Investors Service said today in its annual outlook report on the sector.

The key drivers of the negative outlook are a combination of shrinking in-store sales and margins as shopping habits evolve, declining profit and cash flow as companies adjust store portfolios, and continued weak economic growth prospects into 2020.

"Overall sales growth will remain anaemic as slowing but still strong online sales growth continues to cannibalise store-based sales in 2020," said David Beadle, a Moody's Vice President – Senior Credit Officer.

Moody's now forecasts that 40% of rated retailers will record lower profit in 2020 than 2018 or 2019 or both. This compares with 20% when the rating agency published its industry outlook a year ago.

[steeplejack] 11/12/2019 10:05

Yes,why sell now ,that's what the market is puzzling over.Pentland sold 6.5% a couple of weeks back to take the interest to 51%.The further sale takes the Pentland interest below 50% and means Pentland can deconsolidate the JD interest from its accounts I presume.For now,the placing price of 740p will prove a benchmark.

[1daveo] 11/12/2019 09:31

I'm confused and don't really understand the market to be honest. One question, why would Pentland sell if JD are performing so well?

[steeplejack] 11/12/2019 09:25

Indeed but that takes Pentland to a holding of around 48.5% below the magic majority holding level.I estimate 24m shares is around 2.5% of the JD. equity.

[luderitz] 11/12/2019 09:18

For every seller there is a buyer 1daveo.

[1daveo] 11/12/2019 08:44

Can anybody please explain?

[gripfit] 11/12/2019 08:22

Somebody bought it though ??

[hawaly] 11/12/2019 08:16

"On the corporate news front, JD Sports shares could come under pressure with one
trader calling it 8% lower after the company's largest shareholder Pentland sells a part of its
stake."

GLA

[wetdream] 27/11/2019 16:52

Surely a £200 million sell should generate an RNS?

[hawaly] 27/11/2019 15:35

Today Foot Locker Inc is up around 2% - read somewhere that their results were disappointing and this was a read across to JD.

GLA.

[gotmiester] 26/11/2019 20:18

I saw that,it was on the UT,what will that mean for the share price tomorrow.I thought it was a typo but then saw it again on the breakdown.I have been an small time investor for many years and the only time I have seen these sort of figures on the UT is with one of my long termers Lloyds,but they regularly turn over 100 mill shares a day and recently 500 mill.Should we be worried.Gotmiester/

[wetdream] 26/11/2019 19:19

I see someone sold £200million.
Worth a comment?

[prettygreen] 22/11/2019 20:55

Breakout - on high volume. JD is a class act ! Roll on the January trading update

[martinc] 13/11/2019 07:23

It's probably dropping because it's gone up quite a lot in recent months and isn't looking as cheap as it used to. It'd be weird for share prices not to meander up and down.

[1daveo] 12/11/2019 10:07

Does anyone know why the share price seems to be on a downwards trend?

[alphabeta4] 01/10/2019 09:43

Quite - if JD hadn't stepped in FOOT could have been in serious trouble.

[slogsweep] 01/10/2019 08:44

CMA look a bit perverse here perhaps they are short of work and need to justify there existence

[bricktycoon] 09/9/2019 15:50

Buy buy buy £7 plus in the morning on blockbuster sales

[bricktycoon] 09/9/2019 12:28

This will explode on blockbuster results in the morning buy before this takes double digits out amazon bid imminent

[alphabeta4] 03/7/2019 10:07

Yep - agreed. I notice the AGM statement last year just said 'in line' not the 'at least in line' seen now. Looks to be setting up well.