Sports Direct Share Discussion Threads

[terminated] 03/1/2017 16:41

Dragged up with market and immediately sold off to end significantly down. The only share in my portfolio to go red...

[au24] 03/1/2017 13:31

Now up again:)

[nortic 007] 03/1/2017 13:02

Deutsche bearish on some of the retailers (M&S). Don't think SPD got a mention but doesn't help the sector .

[nortic 007] 03/1/2017 12:56

I'd be more worried about this Thursday . Just noticed SPD gapped down 5p.

[terminated] 03/1/2017 12:13

It's in march but no specific date set. Google be your friend if only you extend your hand.

[thinkon] 03/1/2017 09:38

Help Please: When is the supreme-court decision/ ruling on article 50 announced in relation to parliamentary involvement? When in January?????? I believe this will have a direct influence on the share price.

[nortic 007] 02/1/2017 19:44

Sports Direct shareholders to vote on fate of chairman Dr Keith Hellawell on Thursday, following investors' revolt at AGM in September last year | City A.M.Hayley KirtonSports Direct shareholders will meet on Thursday to decide whether the retailer's chairman should keep his seat.Dr Keith Hellawell, a former chief constable in his 70s, failed to find favour with investors in the company's annual general meeting in September, with just 47 per cent of independent shareholders voting to keep him as chair.Although the company came out fighting to hold onto Hellawell, recently introduced rules mean Sports Direct's shareholders must be given a second vote if he is to keep his position.Read more: Editor's 2016 review: What a year it has beenSports Direct founder Mike Ashley, who also took up the role of chief executive at the firm last September, could be the decider of Hellawell's fate, as he holds 55 per cent of the company's shares and Thursday's vote depends on approval from the majority of all shareholders, not the majority of independent shareholders. Ashley has previously come out in favour of his chairman.Meanwhile, shareholder advisory group Glass Lewis has recommended investors vote in favour of keeping Hellawell as chairman.Read more: Flash crash smash to Sports Direct's cash"While we acknowledge that many shareholders may choose not to support Hellawell's re-election...we are cognisant of the need for continuity in the leadership of the board, particularly in this period of flux," a note from Glass Lewis read.Ashley taking up the reins of the company is far from the only move on the board since the AGM, with acting finance boss Matt Pearson tendering his resignation within a month of Dave Forsey's departure as chief exec and former banker David Brayshaw joining as a non-executive director in December.Read more: Sports Direct was selling Louboutin heels online this weekend"The board believes that the re-election of Dr Hellawell, when combined with the appointment of David Brayshaw, will provide a balance of continuity and fresh, independent insight," Sports Direct wrote in a letter to its shareholders informing them of Thursday's general meeting.The quality of corporate governance at the retail chain was called into question on numerous occasions last year. In particular, a report from the Business, Innovations and Skills select committee slammed the company for running its Shirebrook warehouse like a "Victorian workhouse".Read more: A guide to who's who at Sports Direct after that management shake-upInvestors are also likely less than impressed with the company's share price performance over the last year. Shares closed 2016 at around half the price they were trading for at the start of the year. The firm's floundering share price caused it to be booted out of the FTSE 100 last March.Sports Direct | mobile imageHellawell, who has previously served as the government's drugs czar, has said, if shareholders back his position at this week's general meeting but the majority of independent shareholders do not vote to support him at the company's AGM later in the year, he will step down immediately.Sports Direct did not immediately respond to City A.M.'s request for comment.

[au24] 02/1/2017 19:13

Had Kane in my fantasy football team for weeks did nothing much. Took him out and next match 2 goals 1 assist. Bought Boo Hoo at 60p (daughter said her friends bought clothes from them and pleased) it dropped down,I sold, a few months later we're at £1.37p. At least SPD is following suit so know what to do this time :)

[saltaire111] 01/1/2017 18:58

Been watching SPD for a few months and I have decided to buy some shares here. 2016 was not a good year for the company but I think the sell-off has been overdone. So in for a penny and in for ten grand's worth for starters. Will double once the shares start moving in the right direction and will double again at £3.00. Then will double holding at each 50p threshold for as long as it keeps going.

The neighbours kids love Sports Direct and spend a not so small fortune there. Folks are spending more time on leisure and SPD is perfectly placed to capitalise. I think Mike Ashley learned a few lessons in 2016. He's turning things round at NUFC (impressed with the management there, Lee Charnley in particular) and he will do it at SPD.

Salty.

[nortic 007] 01/1/2017 16:49

Have a good one warranty

[warranty] 01/1/2017 16:32

The only thing that concerns me is that the City Boys just don't like MA and let's face it, he doesn't exactly go out of his way to help. That said nobody can dismiss his success in building the company and if you believe in him you have to believe in his decisions and now to move the company more up market. I don't expect the cheaper lines to disappear but it will be interesting to see how it pans out. I do trust the guy, he's a smart cookie and I'm confident in a year or two we'll look back and wonder why we didn't buy more at this price. Anyway happy New Year all and every success whatever you're in in 2017.

[nortic 007] 01/1/2017 15:32

au24I expect everyone has difference experience,some good,some bad.I've never had any issues with SPD but when things do go wrong they should be addressed .I read an interesting article in The Independent yesterday . The headline read " Marks and Spencer's could become the next Sports Direct".It makes for interesting reading and highlights that nobody or company ( even the great M & S who I personally love) is perfect. Everyone is under the spotlight even the great names on the high street we all know and love.I notice MA in most of the papers today but I guess after last year who can blame them.When you've hit rock bottom like SPD I'd like to think the only way is up.I keeping the faith.Good hearing from you au24

[au24] 01/1/2017 14:03

chestnuts
31 Dec '16 - 09:38 - 3165 of 3171    1   0
Nortic

Iam not surprised at the fall in the share price as the company treats its customers appalling, once bitten twice shy have you ever taken any thing back, you should try it, or if you order something and get it delivered to the nearest shop they charge you £5,.
I would say sports direct have run there course as they have damaged there customer base so much


I asked my daughter this Q (your comments above) She buys a lot from them online with 3 growing footballers kids.
She say's they do not refund,but will give a credit note towards next time buys. Always good at this and no problems at all is her experience.

[useless23] 01/1/2017 13:32

I agree 100%.

[deanroberthunt] 01/1/2017 08:54

if they started paying a dividend, that would do wonders for the share price as it would attract income investors...

[nortic 007] 31/12/2016 11:22

chestnuts It's good that you make those points and I just hope that they listen.Happy 2017

[nortic 007] 31/12/2016 09:57

ChestnutsThey said the same about Michael O'Leary and Ryanair .Turnover is up ?

[useless23] 31/12/2016 09:43

Why is revenue up then?

[chestnuts] 31/12/2016 09:38

Nortic

Iam not surprised at the fall in the share price as the company treats its customers appalling, once bitten twice shy have you ever taken any thing back, you should try it, or if you order something and get it delivered to the nearest shop they charge you £5,.
I would say sports direct have run there course as they have damaged there customer base so much

[nortic 007] 31/12/2016 08:40

I must say I am slightly nervous at the moment just because of all the negativity surrounded SPD. It will be interesting to see what happens on January 5th regarding the chairmans vote.Still feels like there's a seller around and that 280 look like a ceiling that needs breaking through .If people could just start to take a look at the business and not the man then there looks like there's value within SPD.I'd like to see them get to £3 but if they managed 330 I would probably top slice just on the basis I've got to many .There's nothing to say 380 to 400 can be achieved but MA has to improve for this to happen.

[unnavailable] 31/12/2016 08:15

Nortic, do you have a target here?.

[nortic 007] 31/12/2016 07:52

ThevaluehunterThanks for that piece it makes for interesting reading.Have a good 2017.

[thevaluehunter] 31/12/2016 00:20

There should be an ebitda benefit as the rent bill goes down with all the freehold property acquisitions. In terms of not hedging the currency I just took a look at JD and it doesn't look as if they forward buy either so it should be a level playing field between the two and I would expect a bit of pricing in the new year .