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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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JD Sports

November 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:
  • 540p
Shares in JD Sports have performed extremely well since we “buy†rated them at 234p in February with recent results prompting a spike to a new high of 629p. For the six months to 1 August revenues increased 8% to £324m while pretax profit before exceptional items rose 15% to £14.2m, ahead of the £13m-£14m consensus of analysts' expectations. Adjusted eps increased 15% to 20.5p while net cash was up from £3.4m to £5.9m.Encouragingly, like-for-like sales in both the Sports and Fashion divisions remained positive in the period, rising 0.3% and 3.1% respectively, while good control of costs helped gross margin hold firm at 48%. Meanwhile the group has invested in growth through the acquisition of French firm Chausport and the ...

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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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