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I bought 2k shares today. Personally see these over £10 by April 15
Done a runner even! People still buying this, presumably still got legs in it (lol)
Nobody around today , they have all run off in their nike trainers!
SP stalling a little
Could be that someone is buying a shed load of shares at a cheaper price so need to reduce the SP for that to happen??
would guess there will be an RNS tomorrow to explain? imo
Anyone know why the rise and fall today?
Not a great day today, the SP will probably get back to its close of yesterday then it'll be a wait till April for year end news. Between now and then we may get a ruling on Footasylum??
The upward trend in profit continues at the same pace but I detect a slight caution in the UK part of the business. Sp could move 30p either way imv.
Lets hope JD is on the front foot tomorrow and no one puts the boot in!
Suddenly out of the picture for some time. Won't be posting on the results for some days or weeks even.
Tied up elsewhere. (An emergency).
In that case I'm out of options/excuses. Might as well go down with the ship, if the trading update shows net profit as increasing over the comparable period to last year, as my methodology is suggesting maybe not.
As the market brokers in-house analysts are of a consensus that profits in general will be up, and thus my opinion shown to be incorrect I will just have to take it on the chin and learn more. Tomorrow it is then.
Any Footasylum profit would bring in peanuts compared to what's going on with JD at the moment so would ignore all that
Yes, JD is one of those companies that prefers not to reveal net profit in updates. Some do, others don't.
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I wonder if this bit:
" ....the Competition and Markets Authority which has issued the Group with an enforcement order WHICH OBLIGES US TO OPERATE the Footasylum business SEPERATELY UNTIL they have completed their review. "
taken from the Competition and Markets Authority review currently in force, turns out to be the miscalculation in the forecast of net profit being less than last year's comparable period, if all comes in to full market expectations on the day?
I'm talking pre tax profit which are the numbers you will see in the update. As in previous years we will probably get a range of possible numbers eg 400-425m. And yes the market is looking at up to 25% more pre-tax profit this year which will presumably translate into net profit.
RE:
" I have the net profit as probaly coming in just a little less than last year's comparative period, a guesstimate as H1 was marginally down on the preceeding H1 period. "
Despite what I think and for balance - the market forecasts for net profit, as best as I can make out, are some 24/25% higher than my 'probably a little less than last year'. That's huge difference.
So THE MARKET is looking for damn good healthy increases in "profit".
I can't get on the same page as them. So I NEED to see this update to figure out why I'm out so much out of kilter to them.
"I understand we're looking for £422m profit for this past year."
Depends on what you mean by "profit". That's massively high to me. So do you mean Pre tax profit? (Probably)
Operating profit? (Unlikely)
or Gross profit? (Highly unlikely).
Net Profit? Then; no way!
As a PI, I'm only interested in NET PROFIT - which you will almost certainly never read of it, in analysts reviews - they've all been brain washed to be pre-tax profit mad as the answer to all ills. I have no time for pre tax profit. Just show me the money once everyone with their hand out, has been paid off fully. Net profit is what you get to keep, no further tax deductions.
So other than that, when all the shouting and dancing has died down and after the crowd has departed, I want to see what's left on the table - to keep!
I have the net profit as probaly coming in just a little less than last year's comparative period, a guessitimate as H1 was marginally down on the preceeding H1 period.
So a stonking Chrismas period needed to correct it. (Looking forward to the update).
The update is the Q3 period only, isn't it? Your figure almost certasinly appertains to a full 12 months comparison trading, yes?
Nothing anywhere is looking like £422m profit to me, for either Q3 or the potential full year when complete. Be interested to hear where you obtained that figure from - and what exact type of profit heading it refers to. If you have a net profit figure from the same source I'm all ears, as analysts never discuss nor publish either in magazines or online, "net profit" - and it winds me up!
Trading update due Friday, I understand we're looking for £422m profit for this past year. Does anyone out there know anything different??
As I recall, last Christmas we had stores reporting an iffy time of it but JD came through ok
Most retailers are reporting minus 5% sales from stores and plus 20% from web over the christams period and i think the market is nervous because JD has high dependence on stores. personally i think the us sites plus the continuing inexplicable urge to buy expensive trainers will carry us through and sp will recover.all imho.
This is usually a quiet board. SP down today cos of ftse100 probably, but could just be offering a buy in before trading update.
Trading update next Friday the 10th. Should see some action. Think they have had a good Christmas period but so did Next and saw it drop today. Who knows with this market. Mike Ashley is the one opposing the Footasylum purchase.
The last post on this board was on the 17th of December with regard to the the majority shareholder in JD selling off a big number of shares. OK he is allowed to do this but come on this a Footsie 100 share.Since then it has been all over the place without any data (or comments from established PI's ).Another 20p fall today,the only thing I can see in the ether is that JD are going to reconsider the Directors bunces after there was a minority who voted against their stipends at the last AGM.There must be somebody out there who has an opinion on what is going on with this SP.I have only been a PI for about two months and since then I have seen the SP all over the place without any reason or financial problems.The ongoing saga with the competition authorities is what it is,nothing more or less.Footasylum will be taken over or it will not,business will continue.It would have been nice to see an RNS after the sales started with some positive comment from the BOD'S.This board have been by their conspicuous absence of any comment ,this is the first investment I have made where I don't even know who is the CEO.Maybe a lesson to learn here,more research and not just getting caught up in financial press hype..