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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • JD.
  • Price:
  • 474p
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 £671m and pretax profit rising 9% to £38.2m. Eps increased 27% to 72.3p (against forecasts of 67p), while net cash doubled from £11.7m to £23.4m.Latest forecasts for the current year have been raised again with four brokers predicting pretax profit of between £56.2m-£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 £5 ...

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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