Sports Direct Share Discussion Threads

[discodave4] 16/7/2017 07:31

"A City analyst, who asked not to be named, said: 'Ashley is probably getting bored with us all telling him what to do. Ultimately, it might do everyone a favour if he took the firm off the stock market and made it private again."hTTp://www.thisismoney.co.uk/money/news/article-4699352/Mike-Ashley-pressure-Sports-Direct-profits-dive.htmlDD

[nortic 007] 16/7/2017 04:12

I'm an hour ahead in France ( just below England) and can't help but notice your double message at such an early hour. Hope you're ok.

[nortic 007] 16/7/2017 04:07

DiscoDave4 - 16 Jul 2017 - 03:42 - 5159 of 5160 - (Filtered)DiscoDave4 - 16 Jul 2017 - 03:58 - 5160 of 5160 - (Filtered)

[discodave4] 16/7/2017 03:42

pbt £142m, eps 20.8p, PE12, TP £2.50u/lying pbt £126m, eps 18.5p, PE12, TP £2.22Prelims July 14th 2011 share price: low 246, high 258, mid say 252.Goes without saying the analysts (and mongo me) could be wrong and MA could surprise to the upside........then again he could announce SPD have just bought a yacht!.DDps May need to ask the nice parky to wake me up extra early on Monday to place my short...........would feel sick if I was holding a lot of shares at 325 (or is it 320!).pps Forget a buy out offer of 320-325, come AGM it could be 250, saving MA £150m.......or would he feel generous and offer 20% premium @ £3?.ppps Just for my fans the SPD famous four: Useless, Clueless, Terminated and last but not least Nortic.

[discodave4] 15/7/2017 23:45

"Sports Direct has also spent £100m on entering the US market, with the acquisition of 50 stores under the Bob's Stores and Eastern Mountain Stores brands."hTTps://www.ft.com/content/dea75884-65bc-11e7-9a66-93fb352ba1fe"Investors convinced that online retailers threaten the American shopping mall will soon have an exchange traded fund to help implement such a trade. ProShares a $27 billion ETF manager, is preparing a trio of funds that profit from the woes of bricks and mortar retailers, according to prospectuses filed with the Securities and Exchange Commission. The planned launches come as investors have turned sharply negative towards the traditional retailing chains".DD

[discodave4] 15/7/2017 23:34

Oh dear:"Analysts at Liberum are expecting the results to show underlying pre-tax profits more than halving to £126m from £275m the previous year."hTTp://www.chroniclelive.co.uk/business/business-news/mike-ashleys-sports-direct-expected-13333875DD

[nortic 007] 15/7/2017 23:31

Show the main post> Nortic 007 - 15 Jul 2017 - 21:54 - 5146 of 5155 - 0Market chat is that he might try and extend share buyback but that would have to go to a vote I would have thought.Nortic 007 - 15 Jul 2017 - 22:25 - 5147 of 5155 - 0Institutions are a funny breed. There are only a very small handful left and they all moan and rightfully so but if they were offered a 20% to 25% premium they'd all say "we want more".Strange but true.Nortic 007 - 15 Jul 2017 - 22:26 - 5148 of 5155 - 0Look out for The Sunday Times tomorrow .DiscoDave4 - 15 Jul 2017 - 23:03 - 5149 of 5155 - (Filtered)DiscoDave4 - 15 Jul 2017 - 23:15 - 5150 of 5155 - (Filtered)Nortic 007 - 15 Jul 2017 - 23:17 - 5151 of 5155 - 0Hope you've got something constructive to say DD.It's been a week since the rumble in the jungle last Friday night and you've managed not to be a PITA.Let's hope you've turned over a new leaf . It's a big day for you next Thursday.Nortic 007 - 15 Jul 2017 - 23:20 - 5152 of 5155 - 0I can only imagine you're hoping for some blood in the streets come Thursday .Strange but true.DiscoDave4 - 15 Jul 2017 - 23:21 - 5153 of 5155 - (Filtered)Nortic 007 - 15 Jul 2017 - 23:26 - 5154 of 5155 - 0Stop talking to yourself and go to bed.I'll give you a grand not to have the last word ........can he resist .DiscoDave4 - 15 Jul 2017 - 23:29 - 5155 of 5155 - (Filtered)>

[discodave4] 15/7/2017 23:29

DiscoDave4 - 08 Jul 2017 - 17:03 - 5037 of 5154 - 0Revenue may IMO be slightly up on forecasts, circa £3,260m but margins are going to get hit, again all in the opinion of a sad deramper.But then most on here only think revenue is important so everything will be tickety boo. Do hope so for all the nice LTH.DD

[nortic 007] 15/7/2017 23:26

Stop talking to yourself and go to bed.I'll give you a grand not to have the last word ........can he resist .

[discodave4] 15/7/2017 23:21

No surprise:hTTp://www.telegraph.co.uk/business/2017/07/15/sports-direct-profits-sink-weak-pound-expansion/"Sales are expected to have risen from £2.8bn to £3.2bn on the back of new store openings.""Pre-tax profits are expected to tumble as much as 60pc to £142m, the lowest since 2011"Jonathan Pritchard, a Peel Hunt analyst, said that he expects gross margins to be "down a mile, mostly a function of the costly currency".DDps as they say in the city, wouldn't want to be holding these over the weekend!........and definitely not at 325!.

[nortic 007] 15/7/2017 23:20

I can only imagine you're hoping for some blood in the streets come Thursday .Strange but true.

[nortic 007] 15/7/2017 23:17

Hope you've got something constructive to say DD.It's been a week since the rumble in the jungle last Friday night and you've managed not to be a PITA.Let's hope you've turned over a new leaf . It's a big day for you next Thursday.

[discodave4] 15/7/2017 23:15

DiscoDave4 - 26 Jun 2017 - 23:37 - 4909 of 5149 - 0Any adults on here with any sensible views on prelims?IMO (wtfdik, DYOR, etc)Rev £3.2bn (H1 £1.6bn and usually not too much seasonality)Underlying EBITDA £285m (but who knows what impact on fx hedging, inventories, leases and wages)Pre tax £141mDiscoDave4 - 29 Jun 2017 - 09:11 - 4925 of 5149 - 1Concern now is will those margins be maintained with all their increased operating costs?.

[discodave4] 15/7/2017 23:03

Stokie,Sorry may have misinterpreted your post, your talking MA's offer.Yep according to takeover code must offer at least the max paid last 12 months pre the offer, so agree Oct would be about 320.They previously stated the buyback "programme" was up to Sept, they have an AGM Sept as well, also the 52w high would then be about 325. May get some indication in next weeks results as to whether or not they are extending the buyback but guess Sept may be more critical in terms of gleaning MA's private longer term thinking!.DD

[nortic 007] 15/7/2017 22:26

Look out for The Sunday Times tomorrow .

[nortic 007] 15/7/2017 22:25

Institutions are a funny breed. There are only a very small handful left and they all moan and rightfully so but if they were offered a 20% to 25% premium they'd all say "we want more".Strange but true.

[nortic 007] 15/7/2017 21:54

Market chat is that he might try and extend share buyback but that would have to go to a vote I would have thought.

[nortic 007] 15/7/2017 21:50

A lot of people are so fed up he much just get it on the cheap and he knows that.

[discodave4] 15/7/2017 21:10

What do you think?

[terminated] 15/7/2017 20:00

If MA did make a bid how much would he need to realistically pay? Answers on a postcard please....

[discodave4] 14/7/2017 19:28

The next 4 trading days up to results will be interesting.Back to 285 or have another go at 305?One things for certain, wouldn't want to be holding a lot of these at 325!.DDps have emailed MA to thank him for the trades here and also for his punt on Game!........the soup kitchen will be well bangin this weekend.

[nortic 007] 14/7/2017 17:38

FestarioVery true sir. They just can't hold any gains whatsoever. I've held these since September last year and next week will decide what I do with them.The figures won't be great but I think we all know that but if there's any surprises then they'll get the granny's kicked out of them. His statement will also be key because if it's even slightly bearish then you'll have to question why he's been buying stock in the first place. You only buy them if you see value and not just to steady the price. For such a flamboyant fella you'd think the stock would follow in his footsteps but it's more like Ken Barlow as far as excitement goes.Good weekend sir

[festario] 14/7/2017 17:02

Rubbish innit.

[nortic 007] 14/7/2017 16:09

What a disappointing end to the week.