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Sports Direct - Take a part profit

December 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:
  • SPD
  • Price:
  • 134p
Since our last update covering its finals in August, Sports Direct's shares have hit a fresh high of 158p on 13 October before pulling back to 129p. The rise mirrors encouraging news flow including the decision by the Serious Fraud Office to discontinue its investigation into Sports Direct along with JJB Sports, with no charges being brought. The following day, on 20 October, Sports Direct announced that sales for the nine weeks ending 26 September rose 5.4% to £295m, while gross profit also increased 5.4% to £117m. Also very encouraging was the massive fall in net debt from £362m to £240m.We originally highlighted the shares at 51.5p in February ‘09 and buy rated them at 62p in Apri ...

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Sports Direct (October 2012)
Sports Direct (December 2011)
Sports Direct - Net debt more than halved (September 2011)
Sports Direct (June 2011)
Sports Direct (March 2011)
Sports Direct - Net debt falls by £119m (September 2010)
Sports Direct - Sports retailer beating expectations (March 2010)
Sports Direct - EBITDA to be at least £150m (December 2009)
Sports Direct - Take profits (October 2009)
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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X