Sports Direct Share Discussion Threads

[sentimentrules] 30/7/2019 08:49

The new guy will make that 'go away' with the tax bill. Magic pen

Look at the bright side. Calcutta holes and tax bills the size of small nation takes.

Not hard beat expectations now lol. Although to be honest, if it was another company I'd probably steer clear

[onjohn] 30/7/2019 08:42

The big black hole of Calcutta in the balance sheet is HOF

£600m tax liability

[clocktower] 30/7/2019 08:37

Just a good old roller coaster, I expect nerves will jingle when it comes rocketing down the track, before the next thrill.

[sentimentrules] 30/7/2019 08:35

Obviously with a volatile motion. Like this morning. Hits a monthly pivot and sell off. Ain't gonna be a vertical strike lol

[sentimentrules] 30/7/2019 08:31

You will have to read back a bit. Just before the Friday drama I suggested this stock would be the buy of the year that's left . (Long way off that yet) The drama only reaffirms it given SPD history post bad AGM days and all sorts.

One of those few shares where the ownership of stock interest is so high on a ftse board, this will not be allowed to capitulate into Xmas

So the question was simply, 300p+ a fair target? By even September? If it does that, 400p by December I think, Imo. What you think?

I understand the sector and all that . Just a pure company /management interests play for a few months

[only who?] 30/7/2019 08:22

I'd comment if I knew what you were talking about,SentimentRules?

[robot ic1] 30/7/2019 08:21

Qantas , good morning to you ,

SPD In and out in a couple of days and a fair old profit ,well done me .

They can knock it all they like if it gives returns like I have received in 2 days .


black gold hammering up .

[sentimentrules] 30/7/2019 08:04

I was too conservative around tbe 214 Mark earlier. So il just have to leave it at 245.

My target here is to get through 300p pre December . And lock it down hoping for an extra run to December 1st

That seem reasonable? Or are others looking at it totally differently?

[tomboyb] 30/7/2019 07:57

Buyback in progress -

[sentimentrules] 30/7/2019 07:48

Quantas great pre market call. Whatever the day brings, excellent regardless.

[useless23] 30/7/2019 07:39

And where will they get the stock from to short?

[sentimentrules] 30/7/2019 07:33

Very bullish open despite gap given yesterdays drama. If it drops a bit il put last 20% as order at yesterday's close

[knigel] 30/7/2019 07:31

The biggest shock is that the company do not know which part of the company this relates to!
Isn't there a VAT number on the notice (eg. HoF might still have a different VAT number)

[only who?] 30/7/2019 07:31

Qantas still spot on with forecasts.

[clocktower] 30/7/2019 07:09

Whatever money is used to buy back shares at these levels, I expect will more than be matched by the bigger short positions coming in to play. Easy money for the big hitters imo.

[konradpuss] 30/7/2019 06:54

Grant Thornton to resign as auditors according to the F.T.

Maybe he could get some local firm near the H.Q. to do the accounts as the big boys probably don't want the business.

[useless23] 30/7/2019 06:08

The smart money may be speculating that SPD will be taken private and anyone holding at these levels may get a healthy premium on their return

[undervaluedassets] 30/7/2019 04:54

The problem I am having is that it seems that no one will touch him now. He is toxic everywhere.

His right hand woman Karen Byers has reisgned
the FD has resigned
The suppliers of premium product won't supply to him
The big auditors won't touch his books
His current auditors look to be on the brink of abandoning him.

Those closest to him clearly feel he has lost the plot.

[sentimentrules] 29/7/2019 22:48

"We’ll tackle it, we’ll handle it, it’ll go away.”))))"

Haha lol. Hopefully for a few months anyway. Can get a bill for ten billion after that as far as most of us probably care

[fenners66] 29/7/2019 22:44

One thing for certain , even if GT change their mind the lack of competition is going to mean a whole lot more expensive next time around - no partner worth his mindbogglingly too high salary is going to miss this opportunity...

[sentimentrules] 29/7/2019 21:49

I've no idea. I'm out by December so not looking ahead much on auditors. All the same anyway re rubbish. As fraudulent accounts across the 350 over the years suggest. Or ridiculous variances from the last audit etc.
.its just something in name only. Offers nothing to protect investors on the whole.

[pj0077] 29/7/2019 21:35

Which auditor, though?From Friday's results: "The SD Group has grown exponentially in size, geography, and complexity over recent years and we do not believe a firm outside of the Big 4 will potentially be able to cope with such an audit in the future. However, we currently have Grant Thornton who have vast experience of the Sports Direct Group and our intention is to ask our shareholders to approve their reappointment for a further year at the AGM.Our early discussions with the big 4 have thrown up some barriers"