Updates

JJB Sports

June 2004

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.

Shares in the sports retailer, which had moved to a twelve month high of 328p fell after final results unveiled a slow start to the current financial year, although the bitter pill was sugared by JJB's expectation of a mini sales bonanza in the run-up to Euro 2004. Results for the year to 25 January showed pretax profit up 1% to Â£88m on flat sales of Â£772m. JJB's retail business (91% profit) increased net selling space by 131,000 sq ft to 4.18m, with 18 superstores and 13 smaller stores opening and 26 (mainly small stores) being closed. This side suffered poor like-for-like sales of â€“3%, falling to -5.7% for the first 10 weeks to 4 April, largely because it pushed through price ...

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Big Food Group

JJB Sports - Excellent price for TJ Hughes (January 2004)

JJB Sports - Largest sports retailer sees recovery in margins (December 2003)

JJB Sports - Founder confirms buyout interest (May 2003)

JJB Sports (November 2002)

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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