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Sports Direct

June 2011

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:
  • SPD
  • Price:
  • 215p
Shares in Sports Direct have enjoyed a cracking 2011 so far, rising from 160p to a new high of 215p, helped by a positive pre-close trading update, which unveiled a 10% rise in group sales to £236m for the nine weeks to 27 March, while gross profit rose 7.3% to £88m. Also welcome news was the refinancing of the group's debt, comprising a new three year unsecured £220m facility. Results for its financial year ending 24 April will be announced on 14 July. Originally a main write-up at 51.5p in February '09, the shares have performed very well. Although we recommended taking part profits  at 169p in March, we would be inclined to hold the remainder, given strong recent momentum. ...

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Sports Direct (September 2017)
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Sports Direct (August 2014)
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Sports Direct - Bonus targets made tougher (April 2014)
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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 - "Super stretch" bonus scheme targets increased (February 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 (March 2011)
Sports Direct - Take a part profit (December 2010)
Sports Direct - Net debt falls by £119m (September 2010)
Sports Direct - Sports retailer beating expectations (March 2010)
Sports Direct - EBITDA to be at least £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)

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