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SO PROFIT is like before however we have 200 odd new stores plus . LETS SEE how todays pans out
If going down.
Summer coming and UK markets on the up.
I was glad to pick up Rolls Royce during negative comments below 80p. DYOR .
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
Will be interesting
In corporate news, retailer JD Sports Fashion said it expected full-year profits to be within guidance of £915-935m and said the current year would be "challenging" due to less product innovation and more discounting, but forecast this to moderate with the Paris Olympics and European football finals in the summer.
" I am excited about the opportunities for the JD Group going forward and our ability to deliver attractive returns to shareholders." CEO last coment. 👌
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.
Overall good.
Net cash over 1 billion
New store roll out with good growth abroad.
UK challenging but improving throughout the year with sporting events as thought.
I also liked that they will update the market more in 2025 going forward.
Out performed the sector.
Good luck :)
Could open mid 1.20s before consolidating somewhere there, think this could be 1.35-40 by next week easily...as when she moves boy does she move lol
Mr Market will decide, a contrarian trade depending on the open.
Yes but they also point out H1 comparatives were very strong, so doesn't mean H1 will be bad just that there'll be little YoY change, but as last year softened in H2 that's when we can start to see strong YoY metrics
JD. is in a great position for a full recovery and there is relief that there was little new bad news. Q1 news not really a surprise.
Buying any decent dip as this will fluctuate in the 95- 130 trading range until the Summer.
GL all.
Given this, Q1 is likely to be the softest LFL period of the year and H2 is likely to be stronger than H1. In addition, cost inflation remains elevated, particularly labour, and we will continue to invest in our infrastructure in FY25 to deliver our long-term growth plan.
Initial impressions is that it's an OK update, forward guidance shows growth at the top end of the estimate, just would have liked the range to be a small window keeping the top end end but the low end starting at a higher number than 900m, as messaging next year could be lower than this year isn't great. But the rest of the messaging seems good if not gang busting.
TomBeef
I like it but let's be realistic lol
Hope your right though 🙏
Monopolyman
Charts go out the window on results or on updates.
Well my crystal ball is saying 140p - 147p by end of day.
If RR can do these movements, so can JD ;)
Looking forward to my dividends too!
Charts point to 120 tomorrow with highs of mid 120's and ending at 118.90 at close of play. Exchange Closes for Easter break.
Share price is on its ass at moment, forward guidance is key. CEO needs to be confident and hopefully the market takes his word as gospel. I can see the update being very short in text, so fingers crossed 🤞 it puts some confidence back into the stock.
Open at 120 and climb steadily to 131p
And tis is what the IG Group have to say:
https://www.ig.com/uk/news-and-trade-ideas/jd-sports-set-to-release-full-year-results-amid-retail-uncertain-240327
Have trimmed a bit and now a sub £1 average - all set to double a sell off, content with holding if it rises.
Depends on the guidance, which will likely be conservative given the profit warning debacle.
Regardless of the results, I do think the coming weeks will be the start of an uptrend for various reasons, min wage increase, energy bill reductions, NI cut, falling interest rates. That uptrend may start from a lower share price than current (depending on tomorrow’s guidance) but the consumer should get stronger as we head through the year.
What's everyone's price predictions for tomorrow?
Summary of some of the brokers and analysts views ahead of tomorrow:
https://www.ii.co.uk/news/earnings-preview-jd-sports-reports-after-outlook-cut-disappointment-al1711546377372143300