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Some hopium here. Another flat update. The entire sports market is sluggish. Nike again leading the weak narrative. 120 feels like max upside for a while before the slide back towards 100.
For me, the update and forward guidance as shown it's not as bad as what caused the SP to tank earlier in the year, even in a challenging year ahead with some tough comparatives in the H1 they are saying there will be good headline growth and moderate bottom line growth. Feels that we are in a better shape than what the market recently priced us at
Company making close to £1bln a year (top end of guidance), has a billion on the balance sheet, opening 200 new stores a year, navigated a recession in its biggest market and trades on a PE of less than 10 (significantly less on an EV basis).
If the share price was 200p the company still wouldn’t be overvalued.
Cautious but good update. Up trend starts today in my view.
Wow amazed by this move. I was wrong here! Surprised for sure.
Traded like an AIM tiddler first thing! I had no idea we were going to see that kind of move, or would have set a sell order for a slice. Good update, but not 20% up good! Not that I am complaining :) GLA.
Its all relative isn't it. Yes its not a 20% up update, but the 25% drop wasn't a 25% drop update either IMO
True, but that drop did allow me an entry here, so it was welcome nonetheless :)
Luckily worked out OK that I did not get my full exit price prior to earnings this time.
140p ish will be hard to resist though, given my bearish macro opinions. Cross that bridge if it comes. GLA.
Yes me too, thought the drop was over done at got in at 110p mainly trying to play the peaks and troughs with it, but with a feeling that its undervalued due to the large drop. Got about 12k shares but hindsight wish i put more of my bank roll on it but with it being retail was a bit hesitant. Up over 12.5% on my investment which is more than i try and play to, but feel this has legs and struggling to find more blue chip companies to invest in where they are on the downside of there DMA so opportunity cost is telling me I should stick for now
I was in at ITV and close brothers in last month and made my exits prices and got out, but then they rose a decent amount higher, so that may be swaying my reasoning 🤣
Are the LFL's excluding the PBT from the opening of new stores?
Try not to dwell on them...that path leads to madness. Speaking from experience :)
Yes when they talk about LFL then strip out new stores, closed stores from either side of the comparables
No man's land here at the moment.
Wanting to buy back the 134p+ sale but.. but.... but... cannot push the button.
It's a long way off the opening of 134p now. Has dropped 10 per cent. Exchanges are closed for the next 4 days for the Easter break so there won't be much movement until next week.
Mary I thought you sold yesterday before the TU? You seem to highlight only your good decisions but not the poor ones.
At the risk of sounding de-rampish...I am only going to add if we get close to a revisit of the 50 DMA (which will not happen today, of course). If that drift happens on no company-specific news, I could then see a bounce back to the 130's....at which point I would likely slice.
Book mark this comment if it happens over the course of the next few weeks.
Forget about it completely, if it does not :) GLA.
I always ignore those who write "War & Peace" anywhere. Always follow your instinct and DYOR!
Nice one Alex!
Back above the £1.25 resistance level 😁
Well I bottled it, only held them for 2 days and made a decent return, bought at 110p sold at 126.25 , think this has still got legs, which the further rise after indicates, but greed is the root of all evil and all that. Hopefully it continues it rise for all else still in
Nobody went hungry taking a profit, so well done mate.
Beo1 - Agree with LWHL, booking some profits is frequently shrewd, but personally, I'm a very poor judge when it comes to the 'Can I be bothered?' factor. May I ask, what sort of lump sum, rather than a percentage, do you feel it's worth the legwork?
I aim for 10% or £1k profit, playing with a bankroll of £35k now, but will typically start at £10k to £15k in a share, I started out with Vod last year but thats not going so well, but only had £5k in there, but between Barc / ITV / Close and here, trading to the 10% / £1k rule, ive moved my bank roll from £25k to £35k (with a £1k loss on vod being a headwind on that). Is it worth it over the 14 months, seeing as this isn't my day job and im able to dabble in and out as i see fit, its done me ok
I trimmed yesterday, not sold. Had 35k in this overnight.
Now sitting with a very large % profit on a lower holding, 70.1% up according to HL.