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JD Sports

May 2010

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:
  • 758p
Shares in JD soared to a new high of 758p and have more than tripled since our tip early last year. This follows better than expected final results, showing pretax profit rising 26% to £67.4m (forecast was £63m) on turnover ahead 15% to £770m for the year to 30 January. Eps rose 29% to 93p, while net cash rose sharply from £23.5m to £60.5m. The core sports fascias division, which comprises the JD, 2 Size and Chausport formats,  increased revenues 10% to £615m, (like-for-like sales up 2.3%), while profit increased from £54m to £64m. Meanwhile, there were 12 new openings, 17 closures and 17 store refurbishments. In the smaller fashion fascias division (Bank and Scotts) revenues increased 24% to almost £83m, whil ...

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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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