Updates

JD Sports - Cash pile climbs from £100m to Â£232m

October 2016

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.

JD knocked the ball out of the park with its half year results as it continues to ride the athleisure bubble. For a traditional bricks and mortar retailer, its results are truly astonishing.Sales were up 20% to £971m (+10% like-for-like) but the mouthwatering 48.1% gross margin (up from 47.4%) on a fixed cost base saw all those additional sales fall quickly to the bottom line with pretax profit before exceptionals up 66% to £77.4m and eps up 69% to 30p. The cash mountain went from £100m to £232m or 119p a share.The sports fascia made all the running as it accounted for all the profit whilst the outdoor side also made an encouraging reduction in losses.In the UK a net 2 JD stores were opened to leave 363 but the stando ...

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JD Sports Fashion (January 2017)

JD Sports - Sports fashion side sees +10% like-for-like sales for second year running (May 2016)

JD Sports Fashion - Another 10% upgrade to forecasts (February 2016)

JD Sports Fashion - Consistently good performer (January 2016)

JD Sports - Gain since tip: 578% (February 2014)

JD Sports Fashion (December 2012)

JD sports Fashion - Sells Canterbury sports brand for Â£22.7m (September 2012)

JD sports Fashion (August 2012)

JD Sports - Analysts see scope for eps rise to 150p next year (February 2012)

JD Sports (December 2011)

JD Sports (August 2011)

JD Sports (May 2011)

JD Sports - Mulling a bid for JJB Sports (February 2011)

JD Sports (December 2010)

JD Sports Fashion (July 2010)

JD Sports - +227% gain since original tip (May 2010)

JD Sports Fashion - Cash forecast to rise to Â£35m by year end (January 2010)

JD Sports (November 2009)

JD Sports - Up by 350p since Jan tip (October 2009)

JD Sports Fashion - Buys the iconic Canterbury rugby brand (September 2009)

JD Sports Fashion - Looks 50% undervalued compared to peers (August 2009)

JD Sports - Fashion retailer and brand owner on PE of 3.5 (January 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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