Sports Direct Share Discussion Threads

[nortic 007] 29/6/2017 20:32

You're trying to debate with someone who's life's mission is to talk them down so maybe one day he can say I told you so.It's a one sided conversation from my viewpoint but I'll watch with interest.You've been warned, it'll all end in tears.Pleasant evening Gentlemen

[nortic 007] 29/6/2017 20:26

Deanowls You've got your work cut out with him. Good luck

[deanowls] 29/6/2017 19:44

They have assets in terms of brands, property, MA becoming shareholder friendly, paying a dividend, taking over other companies, scaling back overseas expansion, selling a plane or two, upping the buyback, taking on debt to a higher level, bringing on board a correct corporate structure, ridding the company of cross party transactions and family members. That's just what I have guessed at in one minute, you may discount some of them, but they are levers.

[discodave4] 29/6/2017 18:58

deanCurious to know what levers they can pull - "rather than being a pure retailer,"They are a pure retailer aren't they!, other than MA using SPD funds to gamble on other share holdings what income streams are there which are not associated with retail activities? :)DD

[nortic 007] 29/6/2017 15:04

FINL up 2.7% Footlocker up 0.7%

[nortic 007] 29/6/2017 14:47

On a serious note. Thanks for your thoughts.

[nortic 007] 29/6/2017 14:46

Did I say he was chatting about ???

[nortic 007] 29/6/2017 14:45

Let's call it intuition .

[deanowls] 29/6/2017 14:41

How'd you know he's chatting about JD?

SPD I believe will outlast more of JD as they have more infrastructure and levers to pull rather than being a pure retailer, will be interesting if the costs have reduced at the warehouse with more mechanised picking systems and automation. I think MA keeps dropping bombshells eg company plane to keep the price low for the buybacks, it's just will he start being shareholder friendly or take it private?

[nortic 007] 29/6/2017 14:23

Can't hear you Dave. I wish someone else would air their views today. I'm feeling lonely and scared just being in this chat room with DD.

[discodave4] 29/6/2017 13:36

My close here may have been a bit premature!, may end up hitting 301, oh well JD was/is a better short term return IMO.DD

[nortic 007] 29/6/2017 09:24

DDHow come you never post on the JD.chat room ?You could ad a little life to it. All that news today and just one post. How very dull.

[discodave4] 29/6/2017 09:11

Just had a quick look at JD's and SPD's operating profit margins, they appear to be on a par at around 8%, at H1 SPD's was 9% and JD about 7.5%........IMO think MA is behind the curve, tried changing the model to align more with JD (top end brands, I.e, Selfridges) when should have been focussing on the winning formula - stack em high sell em cheap. A downturn in the economy and nobody will be buying from "Selfridges".Concern now is will those margins be maintained with all their increased operating costs?.DDps JD is oversold this morning, gone below its SMA200, last time this happened was Brexit last June.....time for a few points there me thinks (always buy the f@&£ing dips!).

[nortic 007] 29/6/2017 08:38

Call me syndical but wait for GS to bring out a sell note on JD's some 20 points lower than there current price, just when the companies on it knees ( price wise )over the next couple of days.Whenever they bring out a note on any company I always ask the question "why"!!!!

[nortic 007] 29/6/2017 08:30

Good morning sir

[nortic 007] 29/6/2017 07:50

"Anticipated margin pressure"I can't see that is a great surprise where as SPD warning came when the Pound was 1.20 vs the Dollar .School run must fly....

[nortic 007] 29/6/2017 07:39

Looks very cautious to me. Opening call on the market is down 2% but these are often way out. The stock has taken a beating since its recent high so maybe some of this has been factored in. How will SPD fare today on this news.......... could be baked beans for dinner tonight :(

[nortic 007] 29/6/2017 07:29

JD Sports Fashion Plc AGM Trading StatementSource: UK Regulatory (RNS & others)TIDMJD.RNS Number : 4900JJD Sports Fashion Plc29 June 201729 June 2017JD Sports Fashion PlcAGM Trading UpdatePeter Cowgill, the Executive Chairman of JD Sports Fashion Plc (the "Group"), the leading retailer of sports, fashion and outdoor brands, will make the following trading statement to shareholders attending its AGM today:"Since we reported our results for the last financial year, we have moved into a further period of year on year calendar differences, notably Eid, which has also led us to adjust the timing of our clearance period. Therefore, we do not believe our like for like store sales comparatives will be truly meaningful until the end of the first half, by which point the impact of the aforementioned timing differences and the strong comparatives from the performance through last year's Euros tournament will all have fully unwound. Nevertheless, we are pleased to confirm that growth to date in Group like for like store sales and further significant growth in the Group's online sales have been in line with our expectations."We continue to expand the JD store estate across the UK and overseas with a net increase of 28 stores (88,000 sqft) in the period to 24 June 2017. Notable new openings have included our first two JD stores in Australia and a further two stores in Malaysia."Whilst we have faced some anticipated margin pressure in achieving the sales growth, the Board considers that the Group is currently on track to deliver a result for the full year in line with market expectations. We also believe that our highly differentiated multibrand offer, combined with an attractive and dynamic presentation instore and online, gives the Group continuing competitive advantage."The Group will announce Interim Results for the period to 29 July 2017 on 12 September 2017.Enquiries: JD Sports Fashion Plc Tel: [phone] Peter Cowgill, Executive ChairmanBrian Small, Chief Financial Officer MHP Communications Tel: [phone] Andrew JaquesBarnaby FryGina BellThis information is provided by RNSThe company news service from the London Stock ExchangeENDAGMPGUACQUPMGQR(END) Dow Jones NewswiresJune 29, 2017 02:00 ET (06:00 GMT)

[discodave4] 28/6/2017 23:32

I see SPD's stake in DEB has gone above 19% today.........mmmm is Mike thinking of putting in a bid and buying the lot?, for long term holders sake I hope not.DEB is a retail dinosaur (as will be SPD if it goes through with its plans to be a "selfridges") and a value trap. Costs are going up 3% pa, capex will also be high when refurbs are required, its low operating margin, has long leaseholds which they cannot get out of and the balance sheet is weak - oh yeah and it's just virtually warned on profit forecasts...........think MA has forgotten what made SPD, it wasn't bricks and mortar it was the Internet!.DD

[nortic 007] 28/6/2017 17:03

Can't see what's not to like about SPD today. The pounds stronger against the USD and the Euro and Euro up against the USD and to top it of FINL are up 3.5%. If these movement were in reverse they (SPD) would be flat as P@ss. Oh well!!

[discodave4] 27/6/2017 21:57

Given that sterling was strong bit disappointed didn't hit at least £3, failed to close above SMA200, only 9pts so far so if doesn't bounce tomorrow will close and flip to short........relieves the boredom here!.DD

[nortic 007] 27/6/2017 10:43

Debenhams seen as a drag on SPD today.