takenoprisoners
07 Sep 2016
Re: Trading Statement Good afternoon Casa,Todays statements unfortunately imvho seem to have undone much of yesterdays well received RNS. Furthermore there is very little meat on the bones in todays statement for anyone - including the all important analysts - to comment on and further kick start any revival in share price. In the past there have clearly been breakdowns for Sport Retail, Internet Sales, Licensing and Merchandising and margins etc etc. Today virtually nothing.That's why imo its fallen. I have to say I am extremely perplexed why on both the above counts for its dropped the share price. Is it to enable a further share buy-back at a cheaper price? There didn't seem to be any further such mention.Having followed this share for many years it seems to perform far better when Mr A is in the background and doing the deals and I personally would like to see an approach adopted similar to that at Easyjet where even though the founder Stelios has had a very large shareholding, it is just that - a share holding. The workings of the company fall to Caroline McCall and her BoD and its that approach that has propelled Easyjet to previous £15 and £16 pounds levels.For me until things get sorted there and things become a bit clearer there are better places for me to be positioning money.Imvho and please dyor.
casabanker
07 Sep 2016
Re: Trading Statement Unfortunately, Mike Ashley continues to treat SPD as "my Company and I will do what I want", Shareholders, employees and board members are mere inconveniences. (Oh and MP's). Having said that, he has built SPD and been a risk taker with excellent results in the past. Has he got it right with his plans to open up more retail outlets? The trend is opposite as only charity shops seem to flourish on our high streets. Who would bet against him?Casa.
takenoprisoners
07 Sep 2016
Re: Trading Statement I have to be honest and my view is that its lacking in the detail of previous statements. Makes for an interesting AGM.The share price has reacted accordingly.Imvho and please dyor.
bushwhacker
07 Sep 2016
Trading Statement RNS Number : 1403JSports Direct International Plc07 September 2016 7 September 2016 SPORTS DIRECT INTERNATIONAL PLC("Sports Direct" or the "Company"
Open Day Presentation & Trading Update Sports Direct will hold its Annual General Meeting and Open Day in Shirebrook from 11am today. The Open Day Presentation includes the below trading update and statement regarding Mike Ashley's shareholding. The presentation has been published on the Company's website at:www.sportsdirectplc.com/investor-relations/reports-and-presentations/rp-2016.aspx Trading updateProperty investment outlook· As a result of the success from the initial New Generation store openings, our key focus is to elevate our portfolio through acquisitions and relocations, for the benefit of
Our third party brand partnerso Our customers · Investing in Freehold properties and development projects provides us with the flexibility to Secure strategic retail locationso Align our New Generation store openings with our existing lease expiries · We invest in a range of properties including Vacant Buildingso Development land / Redevelopment projectso Multi tenanted schemes / properties · Since 24 April 2016, we have deployed c. £250m on acquisitions, which includes Oxford St as announced on 12 April 2016 · If freehold investments and development opportunities continue to meet both our retail and property criteria, we will spend potentially in excess of c. £300m p.a., utilising our own resources and bank facility of £788m · As previously disclosed, our Property team will continue to be led by Michael Murray and any remuneration will be decided at the Board's discretion Outlook· Underlying EBITDA in FY17 is expected to be in the region of £300m, subject to Group sales growth of at least 9%o Group Gross margin decline of no worse than 275 bpso Increase in operating costs of no worse than 8%o No unforeseen significant itemso No material acquisitions · Acceleration of elevation initiative and investment in stores, as well as alignment of policy across acquisitions and geographies, expected to impact run-rate D&A. FY17 expected to be at least £120m · Hedging policy under review - remain unhedged at this stage on USD / GBP · Expect capex to substantially increase with continued investment in freehold property and strategic investments. Expect to utilise more of our current financial resources · Executive Deputy Chairman, Mike Ashley, commits to execute strategic plan over the next 2 - 4 years. Mike Ashley's shareholdingFurther to the statement made in the Company's preliminary results announcement on 7 July 2016, and in response to repeated speculation, Mike Ashley has confirmed to the Board that it remains the case that he has no current intention to take the Company private, and has indicated his willingness for the Company to confirm this statement publicly.
BoyBlunder1
06 Sep 2016
Interesting athat Mike Ashley will be making a video statement outlining that he has recommended (and the Board has agreed)should be a Worker's Representative appointed to the Board of Sports Direct in order to give workers a voice at the highest level and to help ensure that all staff are treated with dignity and respect.========== =======What an employee on a zero hours contract or employeed by the company?
takenoprisoners
06 Sep 2016
It was there at the £2.50's only a few months ago and when the P/E for this highly successful Sport Retailer was sat on a P/E ratio of 4. Cough 4. SPd are renowned for sales but this was Sale of the century prices in a year which hosted the Euros and the Olympics and the Paralympics just about to kick off.I think you'll find I did say as much despite all the nonsense and nuisance posters.Well done all who took the plunge.You could say Im very happy.Imvho and please dyor.
Sir Singh
06 Sep 2016
Best ftse 100 recovery stock out there Enjoy
Peermade
06 Sep 2016
Re: Gotto be punchy Institutional buying her... Good report today and AGM coming. I expect we will see modest daily increases in the share price based on this.
Nice to Michu
02 Sep 2016
Gotto be punchy Institutional buying here? I topped up here again recently and am liking what I'm seeing. I know they actively buy back their shares but there is likely more to this rise than that.. A cautionary note might be that the market is flying today and so why wouldn't this ...but the market has been slipping recently and this still moving up nicely against that backdrop..On fundamentals this looks seriously undervalued ... even 450p looks cheap on fundamentals
Radaking
02 Sep 2016
SP to rise Well after my reconnaissance mission yesterday at my local SPD outlet I was well impressed.The stock looked really good stocked ceiling high,good bargins to be had and a great location to boot.It wasn't just the sportswear that was impressive,but retro footy shirts,great footwear brands owned by SPD and the store dective that kept following me around (good ,don`t want any lowlifes stealing the profits or getting in the way of potential customers).Gotta be closer to £4 then where the sp is now.Anyone got a view on a possible takeover at some point or would Mr Ashley block it?
Sir Singh
01 Sep 2016
Loves it No I really do do do. Along with 20 other companies all blue today.
Sir Singh
30 Aug 2016
Back long again this am Short term trading pattern established.
BoyBlunder1
25 Aug 2016
Re: Out. This is going to get shot down.... that's a pretty rapid turnaround from Tuesday morning========== =======Yes, and a very clever move imo, always trust your own gut feel, when negative drip drip appears. I think this sp will shoot up, but when? sit and wait? possible, there can't be much down side from here???But is there anything else to come out??
LifeInPlastic
25 Aug 2016
Re: Out. This is going to get shot down. 14 ... that's a pretty rapid turnaround from Tuesday morning
Sir Singh
25 Aug 2016
Out. This is going to get shot down. 14 days Considering. To short it. Way too much negative publicity. It's in trouble. Someone wants Ashley and the crew out. If that's happens this is flying upwards until such time it's too much of a gamble.
