Updates

JDâ€ˆSports Fashion - Price target lifted to 1420p

June 2016

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.

The shares moved to new highs after JD reported results 5% ahead of consensus forecasts. Pretax profit rose 57% to £157m on turnover up 20% to £1.8bn. Adjusted eps was 61.3p (2015: 38.9p) while cash flow was so strong that net cash ballooned from £84m to £209m.For the second year in a row Sports Fashion increased like-for-like sales by 10% with total sales up 20.5% to £1.66bn and profit rising 49% to £162m. This reflects pronounced strength in branded athletic footwear, investments in multi channel retail offering, improved buying and merchandising and higher penetration of full price sales (as opposed to discounted ones). A 0.2% decline in gross margin was more than offset by operational leverag ...

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JD Sports (December 2020)

JD Sports (October 2020)

JD Sports Fashion (March 2020)

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

JD Sports Fashion - Likely to gain promotion to FTSE-100 (June 2019)

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)

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)

JD Sports - Gain since tip: 103% (June 2009)

JD Sports - Positive update triggers share breakout (March 2009)

JD Sports - Ridiculously low PE of 3.3 belies strong trading and large cash pile (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.

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