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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

JD Sports - Ridiculously low PE of 3.3 belies strong trading and large cash pile

February 2009

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:
  • 234p
One sector that's been particularly under the cosh is general retail but dare we say it, some signs of life are now emerging. Amongst the cheapest of shares to spring a pleasant surprise is JD Sports (FT Sector: Retailers), which over the past three decades has quickly grown into a chain of more than 400 shops selling sports fashion clothing and footwear across the UK. Even before its sparkling post Christmas update, which noted that results for its financial year to 31 January would be slightly ahead of expectations, brokers were forecasting pretax profit to increase from £43m to £47m. Considering JD is also forecast to have year-end net funds of £18m, its current market value of just £115m is well below what it ...

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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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