Updates

Sports Direct - Take profits

October 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.

Shares in sports retailer Sports Direct spiked to a new high of 130p after the firm announced better than expected trading at its IMS covering the period from 27 April to 8 September. For the 13 weeks to 26 July revenue increased by 10% to Â£375m with gross profit increasing from Â£150m to Â£157m. Since the end of July trading has remained ahead of last year and the Board new expects to achieve underlying EBITDA of at least Â£150m (some Â£10m ahead of forecasts). Meanwhile, net debt is expected to reduce below Â£400m.The company has since announced that it is assisting and co-operating fully with an investigation by the Office of Fair Trading into a suspected agreement to dampen competition in the sports retail market, altho ...

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Safestore

Southern Cross - Fee rises support margins

Sports Direct (September 2017)

Sports Direct - Change of strategy (February 2017)

Sports Direct - Resumes share buy-back program (November 2016)

Sports Direct - Share buyback lifts sentiment (September 2016)

Sports Direct - Very attractive PE of 10 after weather related slow-down (February 2016)

Sports Direct - Big reduction in net debt (September 2015)

Sports Direct - Gross margins jump (September 2014)

Sports Direct (August 2014)

Sports Direct - Founder sells 24m shares (May 2014)

Sports Direct - Bonus targets made tougher (April 2014)

Sports Direct - Gain has reached 105% (February 2014)

Sports Direct - Exploiting huge gap left by JJB's demise (September 2013)

Sports Direct - Two International aquisitions (August 2013)

Sports Direct (June 2013)

Sports Direct - Acquires 114 Republic stores from administrator (April 2013)

Sports Direct - "Super stretch" bonus scheme targets increased (February 2013)

Sports Direct - Aquires plum JJB assets (November 2012)

Sports Direct (October 2012)

Sports Direct (December 2011)

Sports Direct - Net debt more than halved (September 2011)

Sports Direct (June 2011)

Sports Direct (March 2011)

Sports Direct - Take a part profit (December 2010)

Sports Direct - Net debt falls by Â£119m (September 2010)

Sports Direct - Sports retailer beating expectations (March 2010)

Sports Direct - EBITDA to be at least Â£150m (December 2009)

Sports Direct - Shares have rallied well (September 2009)

Sports Direct - Strong sales over festive period (April 2009)

Sports Direct - Largest sports retailer on the mend; PE is just 6.2 (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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