Radaking
16 Sep 2016
Re: Share Buy Back Personally give me a dividend anyday.Buybacks just never seem to work for me over the years or had little impact on the sp.Maybe M.A will surprise us in the coming months,he did say give him a year at the agm
bushwhacker
15 Sep 2016
Share Buy Back Dear All,I am slightly confused because persons on this board, various press articles, and the resuts of the AGM on Sports direct website keep mentioning a 5% limit for the buying back of shares. When voting I read resolution 16 as up to 15% of the total shares, or £90 million pounds, give or take a few quid.Given the current share price of roughly £3 and 5% of the total amount of shares (equals the 29 million shares quoted) then these figures match, but ...Feel free to read the resolution below, or check on Sports Direct website, but if anyone can explain whether this is a typo or some fancy accounting wording that is above me etc I would be very much grateful.Below is resolution 16 from the Sports Direct PLC AGM;Resolution 16: That the Company be and hereby is generally and unconditionally authorised, in accordance with section 701 of the Act, to make market purchases (within the meaning of section 693(4) of the Act) of ordinary shares of 10p each in the Company subject to the following conditions: a. the maximum aggregate number of ordinary shares authorised to be purchased is 89,709,882 representing approximately 14.99% of the Company’s issued ordinary share capital (excluding shares held in treasury);b. the minimum price (exclusive of expenses) which may be paid for an ordinary share is 10p (being the nominal value of an ordinary share);c. the maximum price (exclusive of expenses) which may be paid for each ordinary share is the higher of: (i) an amount equal to 105% of the average of the middle market quotations for the ordinary shares in the Company as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is contracted to be purchased; and (ii) an amount equal to the higher of the price of (i) the last independent trade of an ordinary share; and (ii) the highest current independent bid for an ordinary share in the Company as derived from the London Stock Exchange Trading System;d. unless previously renewed, varied or revoked, this authority shall expire at the close of the next Annual General Meeting of the Company; ande. a contract to purchase shares under this authority may be made prior to the expiry of this authority, and concluded in whole or in part after the expiry of this authority.
Norman Barrington
15 Sep 2016
Re: CITIGROUP CUTS SPORTS DIRECT TO 'NEU... But Casa, if he does everything in his power to drive the SP down (look at today) then continue buy shares back on the cheap (he already has 55%)"Further to the announcement made by the Company on 28 July 2016, and in reliance on the new authority to repurchase shares granted by the Company's shareholders at the Annual General Meeting on 7 September 2016, the Company announces that it intends to continue with its share buyback programme, the purpose of which is to reduce its share capital. The buyback will be for up to a maximum of 29,825,290 ordinary shares, representing approximately 5% of the Company's issued share capital, for an aggregate maximum consideration of £89,475,870, and is expected to continue during the period leading up to 21 October 2016 when the Company goes into a close period in respect of its half year results."That mean he automatically pockets 55% of the additional 30 million shre. Then he can work on getting the rest, and get rid of those pesky investors who worry about things like ethics. I am sure the wads of £50 notes was a deliberate jibe towards his hard pressed investors, though it does dhow the type of person he is.
casabanker
15 Sep 2016
Re: CITIGROUP CUTS SPORTS DIRECT TO 'NEUTRAL... .....when the wind changes it will be blowing SPD up well over £4.Only when Mike puts a sock in it. If he wants to run SPD as his own Company, he must take it private and buy us pi's out. I know he has little time for people trying to tell him how to operate but he does need to consider his shareholders. Casa.
Radaking
15 Sep 2016
CITIGROUP CUTS SPORTS DIRECT TO 'NEUTRAL' ('BUY') CITIGROUP CUTS SPORTS DIRECT TO 'NEUTRAL' ('BUY')The bad news cannot last forever and when the wind changes it will be blowing SPD up well over £4...........
BoyBlunder1
14 Sep 2016
Re: Bloomberg Article Interesting article, however, if MA is committed to presenting the brands on a seperate floor in his stores, then over time he will grow revenue and having seen how MA operates he will see the upside and you will see him roll this out quickly. He needs to convince the brands to supply him many of the top end products to make this work. At the moment only Prodirect get access to the top end boots used by players on pitch, will that change? They might give him new colourways and put the boot colours on a few players, if the above happens, then I suspect we will see revenue grow in the core specialist sports sector within Sports Direct.I cant help feeling he needs a new sub brand for this plan "Sport Direct"..something or other, just to differentiatethe offering.BB1
devonplay
13 Sep 2016
Bloomberg Article JD Sports Leaves Ashley Trailing With ‘Astonishing’ Growth[link]
FastGerman
09 Sep 2016
Share Buy Back You would need to pretty confident to be doing this, therefore I'm holding 
9 September 2016 SPORTS DIRECT INTERNATIONAL PLC ("Sports Direct" or "the Company"
SHARE BUYBACKFurther to the announcement made by the Company on 28 July 2016, and in reliance on the new authority to repurchase shares granted by the Company's shareholders at the Annual General Meeting on 7 September 2016, the Company announces that it intends to continue with its share buyback programme, the purpose of which is to reduce its share capital.The buyback will be for up to a maximum of 29,825,290 ordinary shares, representing approximately 5% of the Company's issued share capital, for an aggregate maximum consideration of £89,475,870, and is expected to continue during the period leading up to 21 October 2016 when the Company goes into a close period in respect of its half year results. The buyback will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue. Ends. Sports Direct International plcDave Forsey, Chief ExecutiveMatt Pearson, Acting Chief Financial OfficerT. 0344 245 9200 KBA PR Keith BishopT. 0344 245 9200
Radaking
09 Sep 2016
Re: I love it Credit to the man,its his company and he made it from humble beginings,bet father Christmas couldn't do that.Which ever members of the zero contract brigade urinated into SPD water bottles should get 6 strikes asap (for health and safety reasons and slacking!).The pounds getting stronger which should help the next results 8/12/16
Teddybass
08 Sep 2016
Re: I love it Just tucked into some shares today with a 12 month outlook at least .. Mike (the Wad) Ashley now needs to go radio silent (go watch Newcastle United!) and do some deal making which is what he is good at and get that SP back up to the giddy high where it once was .. Get a PR guru in to front his business Freud, Parker, Mitchell and Clifford come to mind .. !
Norman Barrington
08 Sep 2016
Re: I love it his "loadsamoney" re-run of the Harry Enfield sketch was amusing, especially if not planned
Sir Singh
08 Sep 2016
I love it Ashley didn't do a bad job yesterday. Infact I trust he's turned this around already.
Peermade
07 Sep 2016
Re: AGM Results This will all blow over in time and a new Chairman will do no harm to the image of the company. I know from experience that strong willed CEO's just plough their own furrows but no one can deny that is the man who built this company. I have no issues with him other than he needs to put on a smiley face for the public as the company needs to look more cuddly from an investor and employee viewpoint. Quite a few major companies look all "Equal Opportunities" and "Stakeholder Friendly" from the outside but are a bit of a fraud when you scratch the surface. After all isn't the term "Human Resources" really an insult to staff by downplaying their potential to merely a factor of production. You heard it her first "If you can't automate, motivate". Learn and apply.
takenoprisoners
07 Sep 2016
AGM Results I did say it would make for an interesting AGM."The Company is disappointed to note that the resolution to re-elect the Chairman was not approved by a majority of the Company's independent shareholders, and confirms that in accordance with the UKLA Listing Rules this resolution will be put to shareholders of the Company at a general meeting to be held within 90 and 120 days of today's date. Dr Keith Hellawell will remain in his role until the date of that general meeting."Dr Hellawell commented as follows:"I take this clear message from our independent shareholders seriously, and I will do my best to address their concerns and earn their confidence over the next year. I have confirmed today that should I not receive the support of a majority of our independent shareholders at next year's AGM, I will step down at that time with immediate effect."The Chairman I have always been led to believe is in ultimate charge of the company and the vote in my humblest of opinions sends a clear message out here that some shareholders are clearly not happy. Quite a few other Directors also polled lower than I had thought.I'll leave them to sort things out.Imvho and please dyor
II Editor
07 Sep 2016
NEW ARTICLE: Should you buy Sports Direct International plc after today’s 11% fall? "Sports Direct International (LSE:SPD) has certainly been in the news of late, but for all the wrong reasons, as Mike Ashley's firm has been accused of imposing Victorian working conditions on its employees.The latest blow for investors comes ..."[link]
