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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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JD Sports - Shares hit £8 for first time

August 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • JD.
  • Price:
  • 770p
Since our last update JD has broken above £8 for the first time and its latest IMS for the period covering 31 January to 5 June shows that this share price momentum is mirrored by decent trading. In those past 18 weeks, like-for-like sales have risen 4.1%, of which the main Sports division increased by 5.1% and the smaller Fashion side fell 1.2%. The former was positively influenced by the long build up to the World Cup. Margins have also been encouraging, particularly on the Fashion side, which has historically been loss-making. The next update will be interim results on 21 September. Broker Singer has marginally increased eps forecasts to 103.6p for the year to 31 January, while it also notes that JD will have net cash o ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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