Sports Direct Share Discussion Threads

[sentimentrules] 06/8/2019 11:07

100 of em on the ftse 100

[fenners66] 06/8/2019 11:06

Show me a CEO who started to believe in his own infallibility and then you will see more mistakes

[sentimentrules] 06/8/2019 11:02

Can't win em all. He had a few errors before he made it to a multi billion pound empire too. Show me a company without bad decisions...

[fenners66] 06/8/2019 11:01

Yeah , he had a bigger plan with his £100m investment in Debs too I suppose ?

[sentimentrules] 06/8/2019 10:54

This is really not about today. None of it is. There is a bigger plan. He may need to change some management, but MA can be nothing only astute. No daddy's money. No anything. Got there himself. That's more than most ceos ever did. Man has a plan.. .

[monte1] 06/8/2019 10:52

.... and, who knows, preppies may come back into fashion again at some point (far) in the future?

[pj0077] 06/8/2019 10:50

Effortless CoolioYou appear to be looking backwards, but the market looks forwards. Leases will have been renegotiated, central costs will be stripped out, profitability restored. Mr Market agrees with me & has increased the market cap of SPD by GBP23million this morning. A great return on a GBP12.7million outlay.

[debsdowner] 06/8/2019 10:38

itcm1 Yes

[sentimentrules] 06/8/2019 10:30

Ltcm... Jack SP Lord knows what 2020 brings. But only MA will get the Xmas run

[sentimentrules] 06/8/2019 10:25

One thing i always found in markets. Opinions and perceptions never outweighted money positioned. Its why what seems irrational, wasn't. The money was there all along. To some it's irrational this isn't 180 or 160 post report. Not irrational at all

[sentimentrules] 06/8/2019 10:21

Doesn't really matter what our individual perceptions are though does it? As long as the market likes it and we are on the right side of that.

[debsdowner] 06/8/2019 10:20

Mike Ashley should have bought Karen Millen and Coast for his House of Fraser stores instead of Jack Wills: Https://www.bbc.co.uk/news/business-49247514 Bad move imo.

[debsdowner] 06/8/2019 10:15

Effortless Cool 6 Aug '19 - 09:44 - 6787 of 6792 0 1 0 PJ0077 re 66784, "Gross assets is a meaningless metric on its own. In its last published accounts, Jack Wills had net assets of £192k, i.e. effectively was worth zero. The £19.2m profit is arrived at after crediting a spectacular £34.4m of exceptionals related to wiping out an intercompany debt. The true underlying result was a loss of £15.2m. Further, the figures given relate to the results to end-January 2018, i.e. are more than a year out of date. Since Jack Wills has gone into administration since they were published, things have clearly got worse, not better. In summary, SPD have added another complete basket case to their portfolio. It would be interesting to understand why you consider this acquisition for £12.75m to be "a sound piece of business". effortless, Spot on mate its good to read some proper research. The business not so good when you remove the wheat from the chaff you are left with chaff!

[sentimentrules] 06/8/2019 09:37

Have a feeling you did well anyway ignoble. Something a bit different about you, which in my book is always a great thing.

[ignoble] 06/8/2019 09:11

Aye He does appear to have some enormous cash flow he can utilise. As the gentleman above commented, in a few years MA could look like a genius if it all turns around in his favour. Otherwise, it could be very tough Only time will tell.. At least he is prepared to have a go.. Wish I had his nerve Fortunately, I am too old to need the hassle.

[sentimentrules] 06/8/2019 09:03

You mentioned Newcastle Utd purchases too etc Ignoble. An interesting direction your pointing

[sentimentrules] 06/8/2019 08:58

SPD are in essence, doing what we all do. Most smart investing is done in times of recession. Their sector has that and more. If your ever going to expand, great time to begin. They have made some errors but on the whole , what looks crazy now may indeed look like pure genius in 5 years time. That one is for the mystics

[ignoble] 06/8/2019 08:56

As a humble observer, it never ceases to amaze me that MA appears to have an endless supply of millions... None of my business, I suppose

[effortless cool] 06/8/2019 08:44

PJ0077 re 66784, Gross assets is a meaningless metric on its own. In its last published accounts, Jack Wills had net assets of £192k, i.e. effectively was worth zero. The £19.2m profit is arrived at after crediting a spectacular £34.4m of exceptionals related to wiping out an intercompany debt. The true underlying result was a loss of £15.2m. Further, the figures given relate to the results to end-January 2018, i.e. are more than a year out of date. Since Jack Wills has gone into administration since they were published, things have clearly got worse, not better. In summary, SPD have added another complete basket case to their portfolio. It would be interesting to understand why you consider this acquisition for £12.75m to be "a sound piece of business".

[sentimentrules] 06/8/2019 08:13

Not a bad day 3 start given the market context. Market likes the deal. Hopefully gets reflected in share price fully by next week

[robot ic1] 06/8/2019 07:18

Qantas , Mike Ashley on another spending spree . Blackgold hammering up.

[pj0077] 06/8/2019 06:38

Jack Wills had gross assets of £98,965,000 and made a net profit (after exceptional items) of £19,206,000.A sound piece of business to acquire this for £12,750,000.

[qantas] 05/8/2019 22:24

Https://news.sky.com/story/amp/sports-direct-buys-jack-wills-out-of-administration-for-12-75m-11778180