Cashman103
16 Jan 2018
Re: IMS On a historic P/E of 21. Looks pricey, but OK to buy to keep over, say, 5 years or more. When I first bought this share in 2009 the market cap was about £200 million, now it`s about £2 Billion.I wouldn`t compare it with Sports Direct. JD Sports is more a trendy fashion shop. Sports Direct sells more sports goods.
malj1
16 Jan 2018
Re: IMS Class act. Can't fault this. UK sports most likely at store saturation, but continuing strongly favourable demographics & main competitor (Sports Direct / Mike Ashley) looks somewhat in disarray. Solidly cash generative with in the coming year ca £400m net cash to hand. So can continue to fund (international) bolt ons, preferably in the sports goods segment.
II Editor
08 Dec 2017
NEW ARTICLE: Difficult first month for Winter Portfolios "Statistics demonstrate that share prices typically do better over the six winter months than over usually quieter summer period. Investors able to exploit this anomaly would have enjoyed market-beating returns.According to data from The UK Stock ..."[link]
oldjoe1
15 Sep 2017
J D Sports Full Broker Report........ Broker note here on JD. J.D Sports. Looks VERY Bullish. <b><u>Peel Hunt.</b></u><b><i>JD’s H1 performance is ahead of expectations and we areupgrading. Including online sales (now nearly 14% of JD’s sales),LFL remains the envy of most retailers, and profit delivery isstrong, with core margins flat despite various headwinds. GoOutdoors has started well within the JD stable and we expectfurther strong progress from each silo in H2. The shares havebeen wrongly derated due to concerns from the US and slowingathleisure momentum. Today’s numbers show that there isplenty more running in the JD legs yet and we expect a strongbounce back from 13x PE.£102.7m of PBT. We were forecasting around £93m, so a £100m+ result was a decent outcome against that number: it sets up a nice upgrade (essentially we are keeping our H2 forecast unchanged and just adding the £m beat to FY numbers). In-store LFL in the core UK JD business was 3% against an eye-wateringly tough comparative. In Europe, the LFL number was 7%, another fine effort given last year (Holland was the toughest market in this half, things were marginally more bearable in Germany). Both of these LFL numbers do not include online sales: they are now 13.7% of UK/Ireland sports fashion sales (up from 11.1%): had LFL been included online, it would have been 6% in the UK and 10% elsewhere. Both of which are striking numbers and on top of the material volume growth that we have seen in the last few years, it gives JD a very strong bargaining position with suppliers. The gross margin was down by just 30 bps in the JD fascia, a good effort given the headwinds, and the net margin was flat, despite the living wage being a factor again. All in all, it was a very strong showing from the core business and we expect continued in-store and online growth in H2, despite the tough comp again. Another 40 stores should open in the period and the pipeline of stores and good people to run them is very much intact.Outdoors into profit. Blacks and Milletts’ performances improved, showing LFL growth and lower losses, and the contribution of Go Outdoors ensured that the silo was in the black. The business is starting to work as one: it’s early days but the buying teams and operations units have begun the discussion on how to move forward. It will be a while before the systems are conjoined, but JD’s increased scale in the space should bring about a stronger performance in time A £10m upgrade. It's not difficult to see how our upgrade could be too conservative. JD's trading form remains good across Europe , SUR Dutch losses will reduce in H2 and outdoors should make progress again. However, it's probably right to be a touch cautious given the wider economic background. We certainly don't think the trend towards athleisure is anywhere near played out, and the recent weakness means the shares can now be bought on an early teens multiple, which spells good value to us.</b></i>
II Editor
12 Sep 2017
NEW ARTICLE: JD Sports kicks off new upgrade cycle "Shares in LSE:JD.:JD Sports Fashion tumbled two months ago following a low-key trading update, prompting us to ask whether the 14% sell-off in shares from record highs was overdone. Now, the tracksuits-to-trainers chain has answered the question ..."[link]
peddlar
09 Sep 2017
result on tuesday!!! I wonder if they will leep the momentum up after the excuse that ramadan slowed sales as it was late.
II Editor
25 Aug 2017
NEW ARTICLE: Stockwatch: Reinforcing the case for equities "So, is this a long-overdue "market break"? On Thursday 17 August, the US market indices fell the most in three months due to "political turmoil in Washington", although ructions from a Trump presidency were inevitable.This month has seen the ..."[link]
Cashman103
30 Jun 2017
Re: What the !? I bought this stock in 2009 when it was on a p/e of 6. I don't own it now. I think it is a good stock, but I wouldn't buy it on a p/e of 19
II Editor
29 Jun 2017
NEW ARTICLE: Is JD Sports a buy after 23% plunge? "How the fortunes of a company can change in just 11 weeks. In April, tracksuits-to-trainers retailer LSE:JD.:JD Sports Fashion was popping the champagne corks, celebrating a record high share price after full-year results smashed expectations...."[link]
malj1
29 Jun 2017
Re: What the !? Well maybe I wasn’t so dumb after all to pull some money out a fortnight ago! But is the IMS a coded profit warning? On balance I think not. Store openings easily on track. First 5 months JD have net rolled out 75% of my fy projection. LFL still positive/growth, though presumably (well?) below the recent +10% run rate. Equivalent IMS ly did not give a specific LFL fig, but referred to the Euro 2016 boost. Strong increase % online will boost operating margin. Increased international business will boost £ reported t/o & op. Margin pressure may be a combination of general increased competition + impact fall in £ on sourcing costs. The latter, though significant will be a one off. Margin is really the only possible negative in the IMS. Looked again at the city expectations. I’m not that far apart from consensus, or the view of the new house broker Peel Hunt. Interestingly they’re projecting a major uplift in dy to 8.5p ps – which would quintuple the current pay-out, but barely dent the cash pile. But in the current doomster market the remotest hint of bad news leads to panic selling. For myself I think it will be masterly inactivity.
Blanketstacker
29 Jun 2017
Re: What the !? Retailers are all in the doldrums. Same with DC and PETS. Decent results are not enough. The market is wary. Nowt we can do.
Bowman
29 Jun 2017
What the !? This is the second stock I have in my portfolio that issued an AGM Statement this morning and which then proceeded to drop by ~10%. Whilst the AGM Statement is cautious, it did not strike me aas being sufficiently negative to cause a drop of this size. Has anybody a guess as to why JD should have dropped so far this morning?
II Editor
24 May 2017
NEW ARTICLE: 10 growth stock stars still on the up "Scouring the stockmarket for cheaply priced value shares is a strategy with rich heritage and a popular following among investors. But not everyone wants to spend their days digging around for opportunities among distressed stocks and 50/50 ..."[link]
II Editor
09 May 2017
NEW ARTICLE: Stockwatch: All about the dividend "What further upside is there for this FTSE 100-listed insurer LSE:RSA:RSA Insurance? I initially drew attention at 480p in May 2016 as a turnaround able to re-rate given its "best in class" operating targets and the chief executive buying half a ..."[link]
II Editor
11 Apr 2017
NEW ARTICLE: JD Sports smashes records once again; 11% rise sees chart breakout "LSE:JD.:JD Sports Fashion continued its inexorable rise Tuesday, once again smashing records left, right and centre. Expectations ahead of today's full-year results to 28 January 2017 had already been raised after a bullish trading update back in ..."[link]
