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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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JJB Sports

November 2002

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:
  • JJB
Shares in JJB Sports, the UK’s largest sports retailer, have bouncedsharply from their recent lows after newly installed operationsdirector, Tom Knight, bought 100,000 shares at 172p.  Admittedly, this new uptrend is not based on  any strongshort-term fundamentals, as recent interim results indicated aweakening in both underlying sales and margins.  Our interest inJJB is instead based on a number of other key points.  First theshares are very cheap.  Even after recent downgrades, broker,Deutsche, is forecasting a pretax profit of £91m and earnings of 26.4pfor the year to January 2003, putting JJB on a PE of just 6.1, whilethe dividend yield is 4.8%.  Secondly, JJB is run by high quality manage ...

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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

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