Updates

Sports Direct - "Super stretch" bonus scheme targets increased

February 2013

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.

Decent interims for the 26 weeks to 28 October were given added glitter by news that Sports Direct's â€œsuper stretchâ€ bonus scheme is increasing its EBITDA targets for the year to April 2014 and 2015 by Â£20m to Â£310m and Â£360m respectively. The other piece of good news overshadowing results is that the OFT has decided not to refer Sports Direct's opportunistic purchase of 20 stores from the administrators of stricken rival, JJB Sports. Results themselves were strong with revenues rising 22% to Â£1.09bn, EBITDA increasing 17% to Â£163m and eps up almost 30% to 16.1p. Helped by Team GB's performance at the London Olympics UK sports retail increased revenues 18% to Â£797m, with EBITDA rising 17% to Â£143.5m. Me ...

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Zytronic - Gross margin jumps 260 basis points

Sports Direct (September 2017)

Sports Direct - Change of strategy (February 2017)

Sports Direct - Resumes share buy-back program (November 2016)

Sports Direct - Share buyback lifts sentiment (September 2016)

Sports Direct - Very attractive PE of 10 after weather related slow-down (February 2016)

Sports Direct - Big reduction in net debt (September 2015)

Sports Direct - Gross margins jump (September 2014)

Sports Direct (August 2014)

Sports Direct - Founder sells 24m shares (May 2014)

Sports Direct - Bonus targets made tougher (April 2014)

Sports Direct - Gain has reached 105% (February 2014)

Sports Direct - Exploiting huge gap left by JJB's demise (September 2013)

Sports Direct - Two International aquisitions (August 2013)

Sports Direct (June 2013)

Sports Direct - Acquires 114 Republic stores from administrator (April 2013)

Sports Direct - Aquires plum JJB assets (November 2012)

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 - Take a part profit (December 2010)

Sports Direct - Net debt falls by Â£119m (September 2010)

Sports Direct - Sports retailer beating expectations (March 2010)

Sports Direct - EBITDA to be at least Â£150m (December 2009)

Sports Direct - Take profits (October 2009)

Sports Direct - Shares have rallied well (September 2009)

Sports Direct - Strong sales over festive period (April 2009)

Sports Direct - Largest sports retailer on the mend; PE is just 6.2 (February 2009)

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