TX2
08 Dec 2016
Re: Medium term bore Looking at all aspects I feel a market price of around £3 is about right presently.In fact purely looking at the results in isolation the shares seem fully valued..All retailers are facing a difficult time;prices of imported goods will rise,property rates face increases,heating costs are up,wages will increase at the lower end,increased competition as retailers try to maintain market share as customers find their resources buy less goods.SPD is also spending a great deal on expansion over the next few years which may cause a time lag between expenditure and income from the new investment.However I do feel the company has an excellent product offer,plenty of ideas and fundamentally is an excellent retailer probably one of the best "bricks & mortar" based ones with good international prospects.If you can take a two or three year view the shares are good value.Just forget the 550p by Christmas or at least make it 550p by Christmas 2018!
Radaking
08 Dec 2016
Medium term bore Course Mike could always reinstate a div,that would be better then the share buy backs (cannot remember one share that this method has ever proved positive longterm).The media and politicos seem to love SPD bashing,even after all the jobs it creates etc.I cannot wait until it turns the corner,bet you won`t hear a peep out of the parasites then...........
claude reins
06 Dec 2016
Re: 550p by christmas Are you sure she went to Sports Direct. Women can have senior moments too, at any age? Sure it wasnt JD Sports? LOL
Radaking
06 Dec 2016
If SPD breaks £3.50 If SPD breaks £3.50,it could easily run to £4.00 year end.Hopefully the £3.50 should also act as support.Heres hoping Thursday starts the beginning of a turnaround for Father Christmas and co..........................
Disorder
04 Dec 2016
New Board Members. Sports Direct hopes new board recruits will calm City’s jittersSports Direct is hoping to soothe simmering tensions with the City by beefing up its board amid the chain’s worst results in four years.The sportswear giant has been attempting to repair its battered reputation by improving corporate governance following a pledge by Mike Ashley to make the business more transparent.The Sunday Telegraph understands that Sports Direct will reveal this week that it has hired two City figures to boost its depleted board. The appointees have a mixture of retail and financial backgrounds, according to City sources.Dave Forsey, a long-term lieutenant of Mr Ashley who had been with Sports Direct for three decades, abruptly resigned in September, just two weeks after the company threw open the doors of its Shirebrook headquarters to investors and journalists. Mr Forsey had been criticised for not managing the warehouse conditions which had led to staff being paid below the minimum wage and is understood to have left after a breakdown in his relationship with Mr Ashley.Shortly after Mr Forsey left, the chain’s acting chief financial officer, Matt Pearson, resigned, after the retailer was forced to make an embarrassing admission that its failure to hedge against currency swings had left it facing a £35m hit from the slump in the pound. Sports Direct has been without a permanent finance chief for three years after Bob Mellors stepped down because of ill-health.After Sports Direct’s tense shareholder meeting in September, the company has been in close talks with the Investor Forum, which controls assets worth £14 trillion and around 15pc of Sports Direct shares.The Investor Forum has been in negotiations with the retailer about setting up an independent committee to review working practices and corporate governance. However, the Sunday Telegraph has learnt that its efforts have been frustrated after two candidates who had been vetted as suitable chairman then declined an invitation to join the committee.Sports Direct is expected to report on Thursday that underlying earnings, a key measure for the cut-price retailer as it highlights profit margins, have tumbled 35pc to between £140m and £150m for the six months to the end of October.The company’s profits are expected to have been boosted from its £12.5m sale of shares in JD Sports. Mike Ashley’s retail empire continues to own a 4.6pc in its rival, which has overtaken it this year to be the country’s biggest sportswear chain.Analysts are predicting that total sales have risen around 10pc to £1.57bn as a result of currency benefits from its European shops.After an annus horribilis, Sports Direct took another blow last week when the City watchdog said that it was investigating is auditor, Grant Thornton, for signing off a lucrative agreement with a delivery company owned by Mr Ashley’s brother.
Disorder
02 Dec 2016
Re: 550p by christmas LOL.... £5.50I would like to think so..As well as reading and keeping up to date as best as can with media articles, I also use my Missus as a barometer. (She doesnt know we hold SPD)Today she came in.. Bought these for *** and these for *** and this for ***.I could see where from as the labels were Sports Direct.Where did you go? Southampton... Why there (As we live Fareham). Sports Direct have moved out of the old premises and are now in the High Street.. Was the eventual reasoning given.A little more investigation and she made a trip Fareham - Southampton for one purpose: To go to Sports Direct..Thats as much mystery shoppers feedback as I require.. Added more today..
Radaking
01 Dec 2016
Re: Telegraph- Questor The gulf of difference in value between SPD & JD Sports is what I am looking at.Just a wiff of a dvi would send the sp up over 15%.If I was Mike Ashley I would rub all the doubters and haters noses in it by turning up in December to as many stores possible,dressed as Father Christmas and hand out cash to staff members.Results are due a week from today,my guess is they will be pretty impressive even with all the controversy surrounding SPD in 2016...................For now,Merry Brexmas everyone holding
nk1999
01 Dec 2016
Telegraph- Questor "The Questor Column:Sports Direct may be controversial but it’s grossly undervalued: Look at the collapse in Sports Direct shares over the past two and a half years. They peaked at 916p in April 2014 but stood at just 296½p at last night’s close. Questor inclines to the latter explanation and sees the shares as grossly undervalued, trading as they are at just 5.6 times their 2016 profits. Despite such competitive prices, the fund group added, profit margins remained between 41% and 44% even during the credit crisis, when there was a collapse in the economy and in sterling, which affected Sports Direct because all of its products were sourced abroad. And while the business was being built it earned very healthy returns on capital of about 25%. You could value the business on the basis that, for a stock market value of about £1.8 billion, you would get about £100 million in net cash, freehold property worth £350 million and a business that makes £225 million to £250 million in after-tax profits. A sure route to success in picking shares is to find a company with solid fundamentals whose shares have been battered by factors unconnected with those fundamentals. Sports Direct looks like just such a stock. Questor says “Buy”."NK
devonplay
29 Nov 2016
Accounts Investigation Sports Direct accounts investigated over family links[link] next!DL
TX2
16 Nov 2016
Re: 550p by christmas LOL!That seems to have put the kibosh on our recent price rise.Just keep silent and hopefully let it rise without trace........
one4all
15 Nov 2016
550p by christmas BUY
bushwhacker
08 Nov 2016
Re: Select committee surprise visit [link] claiming a listening device had been hidden in their meeting room.
bushwhacker
07 Nov 2016
BREAKINGMPs visit Sports Direct warehousePosted at13
7Mike AshleyReutersThe BBC has confirmed that six MPs from the Business Department select committee have made an unannounced visit to Sports Direct's warehouse in Shirebrook, Derbyshire. In October 2015, the BBC lifted the lid on "Victorian" working practices and conditions at the huge facility.Last month BBC Inside Out East Midlands went back to see if conditions had improved at Mike Ashley's warehouse.
one4all
07 Nov 2016
big turnaround now. share buy back working BUYtarget price 550
devonplay
24 Oct 2016
280 Anytime SPD goes under 280 I feel like it's in the danger zone.I'm not a buyer at this price, but it does go back on my watch list as I wait for weekness.DL
