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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Sports Direct - Big reduction in net debt

September 2015

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:
  • SPD
  • Price:
  • 803p
The shares have rallied after Sports Direct released strong final results. These showed revenues rising 4.7% to £2.83bn while pretax profit and eps increased 21% to £300.3m and 38.9p, respectively. An impressive £301m of free cash was generated, which reduced net debt from £212m to just £60m (0.16x EBITDA).Sports Retail, which stocks over 200 styles of footwear as well as sports replica kits, sports and leisure equipment and clothing and apparel, increased sales 5% to £2.4bn while EBITDA rose 11% to £357m. During the year it opened a net 32 UK and European stores and UK space increased by 0.25m sq. ft. to 4.75m while in Europe it was unchanged at 3m. This year it expects to open 30-40 new U ...

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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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