Disorder
09 Jan 2017
Support. NEWS RELEASE - 9 January 2017 MIKE Ashley today welcomed recent backing by Sports Direct's largest City investor - and responded by vowing to continue to concentrate on long-term goals in order to deliver value to shareholders. Ashley, Chief Executive and majority shareholder of Sports Direct International plc, was speaking following supportive comments by hedge fund boss Crispin Odey. Ashley said: "I am grateful for Crispin's recent comments about Sports Direct and I'm glad that we will no doubt continue to have an interesting ride together. I consider his backing to be highly significant at a time when others have been less forthcoming. "I'm particularly pleased that we are in agreement over the fact that Keith Hellawell is the right man to help deliver further progress. We now intend to concentrate on our medium and long-term goals in order to deliver shareholder value through becoming the 'Selfridges of Sport." Odey, whose company Odey Asset Management recently increased its holding in Sports Direct to above 5%, was quoted in The Times on Saturday (7 January) as saying: "I'm very happy with him (Ashley): he's a natural winner. From our point of view we always like to find entrepreneurs to back and I am very happy to be buying anything on eight times' earnings, especially when they have a proven track record like Sports Direct." Odey also confirmed in the interview that he had recently voted in favour of a resolution to re-elect Dr Keith Hellawell as chairman at the company's general meeting last week - and indicated that he will support him at the AGM later this year (2017).
Disorder
09 Jan 2017
Re: Opportunity Missed today. I understand you may wish to wait for trading results, but the sum of parts easily exceeds the MC.If you suggest sell based on your waiting agenda, does that mean you have sold your holding, or currently shorting?If neither surely that would warrant a no opinion. 
At worst, we can be 100% assured that MA knows more than us and he is happy to be a known, confirmed buyer of stock.... via the BB.My Opinion = Strong Buy
cooperboy
09 Jan 2017
Re: Opportunity Missed today. I would prefer to wait and see the result of christmas trading-spd doesn't have a strong on-line presence and there are generally going to be a mixed bag of results from high street retailers-not sure that spd is going to be one of the better ones
Disorder
09 Jan 2017
Re: Opportunity Missed today. With a guaranteed buyer for stock, there really - logically, should be only one direction the sp will be heading in the absence of company updates.Announcements regards company asset sales, acquisitions, trading updates etc can not be accounted for until they occur, but for the time being the reintroduction of the share buy back serves to illustrate that the bod believe the share price does not reflect their perception of what the company valuation should be.My opinion = Strong Buy.
TX2
06 Jan 2017
Re: Opportunity Missed today. On a more positive note interesting to note the excellent price SPD got for rights to the Dunlop brand;over £100m, whilst retaining free use of brand name for itself.SPD owns the rights to other brands which have significant value.
Disorder
05 Jan 2017
Dont Bay to the hounds Strong leadership was and is required.Great to see.Even better was the late announcement that the Share Buy Back is back on.Share price will rally from here as there is a buyer for the stock from the week holders.Nice also to see an announcement of holdings, which has gone up.My Opinion: Strong Buy
devonplay
05 Jan 2017
Opportunity Missed today. Sports Direct chairman survives shareholder revolt[link] chance missed to calm institutional holders,I'm afraid I think it's a SELL.DL
devonplay
17 Dec 2016
IC 16/12 We knew these numbers would be bad,but that was largely a currency-drivenconcern. The issues in Europe and inventoryadd to these concerns. With the sharestrading on 18 times forward earnings, andat least one broker predicting a furtherdowngrade, we see continued risk here.They recommend SELLDL
Radaking
10 Dec 2016
Re: 550p by christmas I would be happy with £4 by Crimbo 2017.The pounds coming back gradually,so that should be a positive for the next results.Mr Ashley needs to please the media and the city or keep a low profile (doubt that seeing as Newcastle utd will be back in the promised land next season).Might be time to look away for the next couple of quarters unless something really positive comes out of the blue.Anyone know roughly what the sp would be should he get that hacked off he does take SPD private?
claude reins
09 Dec 2016
Re: 550p by christmas I noted in the Chairman's statement that investors had lost faith in him and he is due to stad for re-election at the 5th January meeting. I note also that a new NED has joined the board with very good financial experience. Do we see the two connected, and in the latter do we see the next chairman of the board of SPD? I would like to think so. Mike Ashley clearly has many qualities, but building a team around him that was going to please the major investors, well that is another matter. SPD needs a shake up at the highest level, marrying the MA qualities with a business fthat is well managed and organised from the City's point of view. The fact that a currency hedging strategy (or lack of it) was not in place is a further indication of the naievety and single minded focus on the product rather than building an effective all round business If MA wants to do his own things wiht mates and various relations, then I suggest that he takes the business private and does his own thing with his own money, not ours. . In the meantime, I am not sure what the Selfridge of this trade will look like. there will certainly need to be very major changes to achieve that status and rating. His major competitor is much further along the way than SPD is at the moment.At the moment, it cannot be rated a buy and there may be further suffering before a turn round.
Disorder
09 Dec 2016
Re: 550p by christmas Really.A munter.A company that has increased footfall, and increasing market share, but at the mercy of not just currency fluctuations but also a press that is incensed on slaughtering them, is a munter..Your decision, and adios.The other side of the coin is a depressed share price and a board that is determined to see not just improved worker relations, but also open further to transparency.£5.50by xmas was always optimistic for 2016£5.50 by xmas 2017 is highly probable considering world politics.Ill take that, or the chance every single day of the week.
Radaking
09 Dec 2016
Re: 550p by christmas Micky Millions you may well be right ,especially if we get a market correction to boot.Its all negative at the mo with SPD.What I am drawn to is the gulf of difference chartwise with JD sports.Its deffo a recovery play,but with no div income it will be long and drawn out.As one poster has posted £5.50 at Christmas 2018 would take some doing.Sentiment is well down for the time being,heres looking forward to the next results in April and hoping they have a bumper Christmas (and no more bad news for a couple of hours).[link]
Micky Millions
09 Dec 2016
Re: 550p by christmas £5.50 by Christmas was always a pipe dream once the market had taken against SPD.I got out of this munter in early November at £3.06, taking a loss, after one scandal too many. I could see that, because, due to the constant stream of bad publicity, customers, and the market, had lost faith in the way things are being run. I had some regrets at having missed the spurt to £3.25 which quickly followed my exit but the latest news about the massive fall in profits, and in the sp, has given me assurance that I made the right call. A share price of £2.50 by Christmas is now a distinct possibility....needless to say, I won't be investing in Ashley's vanity project again.
give the dog a bone
08 Dec 2016
Re: Accounts Investigation jets and chandeliers are definite trappings of the huge ego.Both are red flags warning to get out now ! the board has lost the plot. the third thing and they always come in three is mentioning "challenging" as an excuse / reason for a slowing down.still the results were reasonable and my kids still shop there - stores are well stocked and helpful staff . it's the media feeding the negative frenzy on a home grown entrepreneur methinks ;
devonplay
08 Dec 2016
Re: Accounts Investigation What next? The Corporate Jet.Why does that make me shudder so.DL
