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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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JD Sports Fashion - Beats forecasts again

November 2018

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:
  • 455p
The shares registered a new high of 521p in September before pulling back on profit taking after results that were yet again ahead of expectations. Revenues, pretax profit and eps all increased 35%, 19% and 24%, respectively, to £1,84bn, £121.9m and 10.1p. Peel Hunt says it could have been better still but for weather ruining Q2 in the outdoor business. Net debt was £85m from £222m net cash last time, reflecting the acquisition of Finish Line, one of the largest retailers of premium athletic footwear, apparel and accessories in the US.The largest part, sports fashion, increased EBITDA almost 30% to £168.9m on sales ahead 40% to £1.64bn, driven by 3% like-for-like sales growth in spite of challenging retail UK conditions as it conti ...

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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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