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A rise is inevitable with an order of that size to fill, JD won’t want to hang about in adding the last batch of stock IMO Buying pressure is inevitable! DYOR ! FFS !
44 - 47 open :)
Might we see some chunky buys this week?
Well all the mm’s are open so looks to be.
Possibly a protection manoeuvre. Although that said without the additional 1% a buyer could still asset buy and summit an offer It’s all very interesting ! Agreed we should start to see a move north within a few sessions, I’ll be watching that free float closely
Yes investment purposes is the story they want the world and it's dog to believe at present.A share in a business is not purchased without a reason.I'm guessing that FOOT were approached and Pentland got wind of it and wish to stop it in its tracks. Agree that Decathlon business model is not a match however not totally alian is it? As it has been said it's not if but when and who really! Just a few more sessions and things could start to move.
By the way, you may know this already but JD have stated it’s for investment purposes. Hence my confusion !
I don’t think it fits with decathlon, they are more equipment focused and have a more sports focused model, where as foot are just a trainer and causal-wear outlet, if the truth be known. Much more suited to JD imo I do agree MA would like to get his mits on foot, it seems to fit with his plans to take sports direct to a more premium level, he’s got the cash no doubt about that. Not to sure if he’ll enter the fold at this stage ! But who knows what’s going to happen here ! it’s anyone's guess.
Rachel’s dad, what are your thoughts in their strategy here ?
"This would leave JD at the premium end and Sports Direct selling the fly away footballs"
Now come on....they do blow away brollies as well :-)
MA would love to get his hands on FOOT and he could consider a joint venture with Dicks( still £20 Million down from JJB) i would also not be surprised to hear Decathlon's name being bandied about soon.
The only reason for the JD/ Pentland move is purely strategic.
I’ll add to my last post with even more bafflingness If JD decide for whatever reason they cannot help with foot then what ? They sell their shares and stand to make a 35% loss ? Even if they went off book darkpool they stand to lose a considerable amount of which any high street store given the climate would feel. All for the think tank ! GL
They have shelved the store opening for now, And rightly so What interests me about this, Well almosts baffles me ! IS: Why would JD invest in foot ragardless of P&L anyway ? They are small fry in comparison. Further more why would JD invest in foot, knowing the profit decline. Finally, Why would JD invest in foot knowing they are sat on bad stock they can’t sell ? What sort of investment strategy is that ? It’s no mistake, Not from a seasoned player like Pentland. They are either protecting their nearest rival from sports direct, which I doubt considering what they are paying for the stock, as that would be a risky venture should sports direct not show an interest OR they plan to move on foot and continue their portfolio growth. Sports direct are looking to enter the premium brand model, but until they make a move, if at all, it’s nil and void. It really is one for the thinkers !! DYOR FOR GODS SAKE !
Hmmm strange post on the quiz board. Personally think this has the legs for another move upwards.
Remember I was one of very few talking to myself including sbb, hereshopin etc at the low.
I sold at 52p as I could not resist taking a 95% rise.
This is still undervalued but my main reasons for taking a profit were two fold why on Earth has one Director not out their hand in their pocket at this level and lastly the real concern cash burn or cash call.
Why continue to open store after store when they should be preserving cash and growing the bottom line.
At 25 million this was ridiculously undervalued at this level it is moderately undervalued
Quiz 12 million in cash zero debt 44 million in net assets and 18 million net profit in the last 3 years plus they are going global all for 39 million plus a 15% divi.
You certainly told us on the quiz board gla :-)
I've done well with FOOT and ABAL
And and Pentland Group are in the acquisition trail. The Finish Line business in the US, which JD bought earlier this year, contributed £4.8mln towards the group’s profit in the seven weeks since its acquisition and analysts believe that could be a "game changer" going forward. Why not add foot to their portfolio, Pentland are also at mid stage of launching their own mid price brand, do they want more than one entity to separate their target market ? Interesting how Pentland are manoeuvring. We cannot guarantee a takeover but all roads seem to be heading in that direction imo ALWAYS DYOR !
Any short position here is extremely high risk If Pentland Group make an official move for foot asylum, the SP will open with an astronomical rise. Let’s not forget Pentland Group are accustom to high street takeovers they bought JD sports. No news will be leaked through the media as JD are bound by the takeover code. Any move on foot, will be behind closed doors and announced via a published statement and TR1 notification at 7.15 the next trading day: Of which then the media can report the official “move” hence the radio silence IMO for what is ultimately Pentland Group making an “investment” in a much smaller competitor who’s profit was slashed by 77% last year, And who are known to be sat on “Bad stock” which ultimately caused the drop in pre tax profit. Is pure madness. Pentland Group are seasoned high street and brand players, this would not be a wise investment move for them, Now a takeover play makes much more sense. This would leave JD at the premium end and Sports Direct selling the fly away footballs. Let’s watch the price action over the next week or two GL
I know it’s hard not to reply to this nit character, but you are playing directly into his hands replying gives new readers of this board the impression that his point is worth discussion If you block and ignore his deramping posts will be lost amongst real talk Trust me that’s his play ! Block and ignore !
Thought I’d take a look over at the lse QUIZ forum, some are suggesting a rise but I put them right that I think QUIZ will be sub 30p this week IMHO of course.
You both make me chuckle honestly. Just because JD acquired at 75p the sp should be 75p. The fundamentals are not quite there just yet. It will take us several years to get back to solid profits.
As I keep saying in the long term this will do very well. In the short term we are going down as this company is not worth £45-50m market cap.
Nit... promoting other shares on this board? Tut tut.
Interesting day. A lot more sellers are out and I think tomorrow we'll tick down a bit more. I've cut my holding by 25% today and ploughed into Quiz. Good luck all.
I want this to go north but it's overvalued on fundamentals. This is pure speculation at mid 40s.
Who are you using for L2?
LSE L2 is showing it blue.
Fair enough Dan1 "The 16.02 trade is showing as a buy?" on my L2 screen its red indicating an initial sell. so that's good.
For me I just keep adding small chunks every time it drops, If JDSports are willing to add then who am I to argue against their due diligence. As for the brokers, most of them are paid by the big companies to write smaller companies down so the big boys can keep building. All in my opinion. DYOR etc.
The 16.02 trade is showing as a buy?