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Megs
I don't understand Spanish
JD will retest 118-120p band before it’s Audited result is released end of May. June onwards will see the price rally upwards to test 180p.
Lwhl
my remark not for you
it was for meg forgot to put name on post, meant to read
megs
don't be rude
as in her clumsy use of words on here and rudeness about them
It is the stupid censor thing here. It was not a rude word - think of a male hen for the censored part of the word. Meaning confident in an excessive or arrogant way.
I actually wrote a detailed rebuttal to all your points, but we are getting into derail territory, so for the benefit of other posters here, I deleted it.
In brief, let us agree to disagree. Where we share the same goal, is to see this company do well and with it a SP materially higher than today. GLA.
It means be polite
Sorry lordlucan, I only speak English.
lwhl,
not sure what you’re on about when you reference my ‘****sure economic predictions’.
taxes in the uk have already been cut - 4% reduction in ni, offset by the fiscal drag of not raising the personnel allowances.
energy prices are already back at inflated adjusted norms. see gas prices.
the us is doing well (albeit driven by unsustainable fiscal deficits).
the market is penciling in rate cuts for the second half of the year.
and uk pmi’s back in growth mode.
so they’re hardly my economic predictions are they?
hmmm, i am long here and have faith in the management too, but i would not be quite so ****sure in your multiple economic predictions, megla.
interest rates starting to fall this year i could well see, although whether that is due to inflation being back to an average of 2%, remains to be seen (clue - no chance). more likely for reasons of panic, imo.
i would support tax cuts to be clear, but cannot see it happening any time soon, here or across the pond.
us is doing well in comparison to the uk and eu, but have you drilled down into their jobs data?
multiple door dash type gig work does not replace a single high paying tech job for example. and plenty more lay offs in the pipeline, wait and see.
lots of big us company earnings coming up very soon. see how they look.
Meg your getting bit of twist for nothing, just skinned load jd out @127,and will drop from all time high of late 127,in coming days, google that if you like, but for some reason don't think that tells you that
Aggressive land grab in the current retail climate is a very smart move IMO. 300p SP within 2/3 years is possible here once real recovery to the sector kicks in.
Utterly clueless. UK coming out of recession, US still doing well. Interest rates to start falling this year, energy prices back to inflation adjusted norms. Taxes being cut to stimulate spending.
This is a good deal at a good time. Maybe you guys need to Google what earnings accretive means.
Agreed bad time to expand
It seems like a rapid expansion at a time when the majority of retail is in decline. Have you walked down a main street of a town or city in the UK recently? Since COVID there is nothing but vape shops and barbers on
our main streets. Clothing retailers bar the likes of Primark are under huge pressure after weak outlooks from the likes of Nike and Puma.
When the recession does worsen this expansion may prove to have been a huge mistake.
Monopoly, the debt is the the US dollars and the usa has a strong economy. I am expecting the analysts will put some numbers against the synergies and the sp will climb a further 5 - 10p over the next few days. More importantly this adds to the new ceo 's credibility which imv was on the line following the profits warning earlier this year.
Why would the share price fall?! What did people expect would have happen with the billion of cash sat on the balance sheet?! Post deal, net debt will be minuscule, at year end, JD will likely have a positive cash balance.
This deal is earnings accretive from day one, with millions in synergies to be realised as the business is integrated. It really is no wonder the UK market is struggling with takes like this.
British rival JD Sports to buy Hibbett in $1.08 bln all-cash deal. It seems like a lot of debt to be taking on with a very weak economic outlook. I honestly thought the sp would fall this morning.
Only problem now is the cost of living crisis. It's on average 120- 150 pounds for a pair of decent trainers from JD. Majority of people don't have that kind of money to spend these days. It usually takes a year or 2 from the start of a recession for things to get really bad.
1100 new stores acquired for the cost of less than current annual profits…..smart move. Easier (and cheaper) to acquire 1100 stores with sales data, footfall, leases in place & simply re-fit & re-stock. A roll out of 1100 (problematic stores will be closed) stores singularly would be 5+ years of graft & costs.
Great move IMO
Glad to see the market likes the update. In truth, I expected a red day off the back of it too, because this is what normally happens to the acquiring outfit...the additional costs involved, theoretical risks elevated etc.
I would be open to a move to a US listing at some point in principle, although for now I think we should stay put.
Not sure if it increases the prospect of a US entity looking to buy us? Even more synergies now etc?
Well done f-f - a good piece of research. Shame that mob who opened their short did'nt read it!
For those that kindly read my guff, I expected something if you read my post prior update, I posted that jd bought 3 huge warehouses in north America and I mean huge storage wares 2 in Canada other in states, due to massive north American demand, they also bought 3 warehouses in UK 2 in south 1 mile off m1 1 up in rotherham.
Company have not mentioned this but it's mentioned, this I posted about 2 weeks pre 136p update, research hey.
Then this announces, new these warehouses are part of new growth plans, so much world sport warm weather coming, going to be a banger August update for my Xmas skim at 200p.
Whose the daddy, research info's out here
That’s what I thought when I read it. It has the scale to be a 15 x earnings company, it’s getting about half that on the FTSE.
Happy, the company does not think it is ex growth, read previous RNS statements and you will see huge store openings planned across the world. JD is a UK success story growth and 1 billion in profts better than the darling thAT IS NEXT!
Market clearly agree with you and not me.
All IMHO DYOR
Happy
Move revenue now in the US than anywhere else? Time to propose moving to the US markets
Today was a quick way of accelerating that