Sports Direct Share Discussion Threads

[ignoble] 04/8/2017 10:08

You learn something new every day , lol

[nortic 007] 04/8/2017 09:53

Just to answer your question I used to work with a trader who referred to certain punters as the cornflakers.Nothing wrong with cornflakes I'll have a bowl myself but it's a reference to the slightly less savvy investor who are fooled by the press.

[ignoble] 04/8/2017 09:41

The mind boggles !

[nortic 007] 04/8/2017 09:38

Morning sirJust about to have one of my five a day :)

[ignoble] 04/8/2017 09:26

The cornflakes ?

Morning

[nortic 007] 04/8/2017 09:23

I'd like to think that after everyone who's just read that article over a bowl of cornflakes and then sold, we should eventually see them trickle back up.

[nortic 007] 03/8/2017 22:41

I'll try and get an up to date shareholders list tomorrow . I can't remember how many Aviva had.There's not many left to oppose MA.Looks like Odey will be the biggest shareholder apart from MA.

[sailastra] 03/8/2017 22:33

Charts are by no means everything but for those of us who bought in at about 300p then 400p is an obvious resistance level...The sellers will be covering positions held for some time and will regard this as a face saving exit level...But are they right to unload or merely covering their backs....Not sure but time will tell.

[nortic 007] 03/8/2017 22:23

That sell order probably cost SL £25m and they can't stop crying. That's someone's pension.Revenge,cold and dish come to mind.

[nortic 007] 03/8/2017 22:17

"Standard Life" or should I say Standard Gripe.

[nortic 007] 03/8/2017 22:15

That's looks like sour grapes to me from both The Guardian and Stsndard Life. Is there a mention of a £1 rise in the share price since the figures and what did SL sell out for......... a lot less than the current share price.Grow up !!!!

[nortic 007] 03/8/2017 22:05

Another scare story from The Guardian.Sports Direct loses biggest independent investor as crisis deepensStandard Life offloads entire 5.8% holding and Aviva sells down stake amid concerns over corporate governance issuesRupert SteinerLast modified on Thursday 3 August 2017 21.43 BST Mike Ashley, founder and CEO of Sports Direct.Sports Direct has lost its biggest independent investor as some fund managers fear the crisis-hit retailer is incapable of addressing its corporate governance issues.The Guardian has learned Standard Life, the largest independent investor at last year's annual meeting, has bailed out of the stock, selling its entire 5.8% holding, and Aviva said it had sold down its stake.Both had been vocal critics of the firm, which on Thursday released its annual report before the annual meeting next month.The future of chairman Keith Hellawell hangs in the balance after he promised to step down if most of the minority shareholders did not back his re-election.In January, 54% of independent shareholders failed to reappoint the former West Yorkshire chief constable, the second time they had voted against him in four months. He was saved by the support of the Sports Direct founder and chief executive, Mike Ashley.Investors have expressed concerns over the dominance of Ashley, the firm's excessive pay rewards, and poor treatment of workers.One fund management firm, which did not want to be named, said: "We are concerned about the direction of travel at the firm and what will happen next."A Sports Direct spokesman declined to comment on Standard Life selling its stake.However, the annual report shows Sports Direct has taken a series of steps to address its problems.Staff are now able to give feedback online and flag issues of concern. "All contributions received are read by senior management," the annual report says. "Improvements as a result of this dialogue include changes to working arrangements, free wifi in canteens and the introduction of English lessons."Sports Direct employs a large number of workers at its main Shirebrook warehouse who do not have English as their first language.Its staff forum has been replaced by a "listening group" that consists of workers drawn from Shirebrook. Management attend monthly meetings during which there is an open forum including matters raised by agency employees.It is also launching a health and wellbeing service for staff. This comes after 110 ambulances or paramedic cars were dispatched to the Shirebrook between January 2013 and April 2016, with 50 cases classified as life-threatening.A Guardian investigation in 2015 prompted a parliamentary inquiry last year, in which MPs likened the depot to a Victorian workhouse.The annual report says: "This will facilitate a health worker providing training for a team of our people who will become welfare guardians for their fellow staff. The past two years have been tough on our people and protecting our people remains a priority."The firm has also been working with Derbyshire police to provide advice over anti-drug policies and anti-hate crime initiatives.Hellawell said: "We have made positive progress across the business as we continue to strive to ensure that all our people are treated with dignity and respect."FY17 has been a transitional year for the company and for our people. It is my firm belief that Sports Direct is a company of which Britain can rightly feel very proud."I hope that the progress we have made over the last 12 months will be taken into account by shareholders prior to the next shareholder vote at our AGM in 2017."It was enough to impress one investor, who said: "They have made great strides but there is only so much you can do in 12 months."The report also lists a range of risks that could harm the business. Ashley is defending the business from cyber-attacks with "external penetration testing" and on Brexit he has begun "negotiations with lenders" and is monitoring "movements in customer behaviour".

[nortic 007] 03/8/2017 21:59

FYISports Direct buys big chunk of BrixtonPosted by Alan Slingsby August 3, 2017Map showing area bought by Sports DirectArea outlined in colour shows the purchase ©Land RegistrySports Direct, the controversial company that sells cut-price sportswear, has bought a large chunk of central Brixton.Following an eight-figure deal, it now owns the land bordered by the two Brixton railway lines, Pope's Road and Valentia Place.It is currently home, among others, to Brixton Beach Boulevard and three shops fronting Pope's Road. Older residents may remember it was the site of Tesco before the store moved to Acre Lane.And it's a stone's throw from Pop Brixton and Network Rail's arches on Atlantic and Brixton Station Roads.SDI (Brixton) Limited bought the land for £11,750,000 earlier this year. Land Registry documents show that its previous owners granted 125-year leases in 1965 to the British Railways Board – a likely precursor to Network Rail – and City and Central Shops Limited, part of property giant Land Securities.SDI Brixton was created three years ago and one of its directors is Dotun Adegoke, chief buyer for Sports Direct. Mike Ashley, the founder and inspiration of Sports Direct, was a founding director, but resigned in October last year.Sports Direct's headquarters is in Shirebrook, Derbyshire, once a coal-mining town, but now notorious for Sports Direct's use of zero-hour contracts in its giant warehouse.A committee of MPs said it was run like a Victorian workhouse and that its workers were treated "without dignity or respect".Committee chairman Iain Wright (Labour, Hartlepool, now retired) said: "For this to occur in the UK in 2016 is a serious indictment of the management at Sports Direct and Mike Ashley, as the face of Sports Direct, must be held accountable for these failings."Ashley at first refused to talk to the MPs' committee but later agreed Sports Direct had broken the law by failing to pay the national minimum wage.He told his annual general meeting in 2016 that Sports Direct was planning to actively change its property portfolio to move into bigger stores.He said the company would buy large buildings with separate floors dedicated to different brands.There was speculation that the new, larger, premises would be branded as USC stores – also owned by Ashley – that try to foster an upmarket image and could let floors to actual sportswear brands.The nearest Sports Direct stores to Brixton at the moment are in Clapham, Streatham and Walworth Road.Ashley, also owner of Newcastle United football club, told a High Court judge in July this year that he is a "power drinker" who likes to get drunk. He was giving evidence in a case in which he was being sued (unsuccessfully) for £14 million by an investment banker.Earlier the court had heard that he held management meetings in pubs and once was sick in a fireplace after 12 pints.

[blueball] 03/8/2017 19:08

Stay long.

[nortic 007] 03/8/2017 16:38

Looked like there was some kind of aggressive selling but they seemed to have got soaked up .

[nortic 007] 03/8/2017 16:36

Great day in the end. Did not see that coming.

[nortic 007] 03/8/2017 15:29

I think the City's had enough of me:(

[ignoble] 03/8/2017 15:24

Boom Boom

Don't give up your day job ... Oops , you have !!!

[nortic 007] 03/8/2017 14:53

Just like my favourite band Wet,Wet,Wet .

[ignoble] 03/8/2017 14:49

All is well MC ... what happened to summer ?

[nortic 007] 03/8/2017 14:45

Interest stats Thank you

[undervaluedassets] 03/8/2017 14:34

Being kicked about day traders as it flirts with £4.00

Round numbers are always a psychological barrier.

Needs to live above £4 for a few days before much progress can be made.

Do think that good news will be rewarded and any retrace will be bought.

Technically speaking - there has been a sea change in sentiment here as evidenced by the "blow off bottom" on large volumes we have seen in the last couple of weeks.
(66 million shares were traded in July - the largest month by volume since 2008)

[nortic 007] 03/8/2017 14:12

My handicap !!!

[nortic 007] 03/8/2017 14:07

How have you been mate?

[ignoble] 03/8/2017 14:07

and my wife's credit card balance !