Updates

JD Sports - Gain since tip: 103%

June 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.

Following our buy note on JD Sports at 234p in February the shares have quickly doubled after it reported stronger than expected results. Given how low expectations for retailers had fallen its finals for the year to 31 January were impressive with revenue ahead 13% to Â£671m and pretax profit rising 9% to Â£38.2m. Eps increased 27% to 72.3p (against forecasts of 67p), while net cash doubled from Â£11.7m to Â£23.4m.Latest forecasts for the current year have been raised again with four brokers predicting pretax profit of between Â£56.2m-Â£57.5m for eps between 80.7p-83.1p. Gain since our tip is already 103% but on a prospective PE of just 5.8 the shares still look inexpensive and should attack Â£5 ...

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JD Sports Fashion (March 2020)

JD Sports Fashion - Gain to date: 217% (August 2019)

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JD Sports Fashion - Trading at upper end of forecasts (March 2019)

JD Sports Fashion - Beats forecasts again (November 2018)

JD Sports Fashion (August 2018)

JD Sports Fashion (June 2018)

JD Sports Fashion (May 2018)

JD Sports Fashion - Brokers forecast eps growth of 51% in three years (March 2018)

JD Sports (November 2017)

JD Sports Fashion - Chairman acquires 30,000 shares at 352p (August 2017)

JD Sports Fashion - Terrific 133% gain to date (June 2017)

JD Sports Fashion - To beat forecasts by up to 15%! (March 2017)

JD Sports (January 2017)

JD Sports Fashion - Shares hit new high of 1598p (November 2016)

JDâ€ˆSports Fashion - Price target lifted to 1420p (June 2016)

JD Sports Fashion - Investec upgrades forecasts by 10% (March 2016)

JD Sports (January 2016)

JD Sports Fashion - Sports retailer on track to beat low-ball forecasts (November 2015)

JD Sports - Shares hit Â£8 for first time (August 2010)

JD Sports (May 2010)

JD Sports (February 2010)

JD Sports (November 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.

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