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Sunday share tips: JD Sports, AFH Financial

Sun, 12th May 2019 17:26

(Sharecast News) - JD Sports boss's canny eye and attention to detail has allowed the retailer to vault ahead of competitors but there is more yet to come, especially as regards its push overseas, said the Sunday Times's Sam Chambers in his Inside the City column.The company may be set to pull off a trick that has defied many British retailers, cracking the American market.Its executive chairman, Peter Cowgill, was quicker than rivals to spot the 'athleisure' trend among teenagers, for whom trainers and hoodies are now an every day element of their wardrobes.He was also able to convince top-of-the-range gear makers, such as Nike and Adidas, that his shops made for a better showroom than Sports Direct's, gaining him exclusivity over some of their best products.Cowgill then leveraged that edge by expanding overseas, with the company now generating more than half of its turnover abroad and with roughly a quarter of its 2,000 shops being the result of its acquisition of US outfit Finish Line.That purchase positions the firm as one of the key retailers for those same powerful brands.So yes, having already run up by 75% this year its stock now trades on a "punchy" 19 times' earnings "but this has the makings of a marathon, not a sprint," the tipster said."Buy". A greying population may spell trouble for NHS but for companies like AFH Financial Group it is a real boost, said the Mail on Sunday's Midas column.The company, which offers systems, processes and research capabilities for financial planners had already delivered on one of the two main goals that it set out in 2017 ahead of schedule, achieving £5bn of funds under management by 2021.And it is set to achieve its second main target this year, reaching £75.0m in sales, Midas continued.Unlike many investment firms, AFH invests more in bonds, property and other asset types, meaning that its share price is more insulated to the ups and downs of the stockmarket."AFH ticks all the boxes and, the more the business grows, the better known it becomes with financial advisers wanting to sell and savers wanting to invest," Midas said."The current price fails to reflect AFH's past achievements or future prospects, and the shares should rebound. There is a progressive dividend policy too."The payout has increased by a factor of four over the last five years to 6.0p per share and company boss, Alan Hudson, is expected to take that to 8.0p over the current financial year and to 10.0p by 2020.The convergence of various trends, including an ageing population, the increasing dearth of defined benefit pension plans and the increasing number of independent advisers looking to sell out because of the regulatory burden favours AFH.So too the fact that with 16% of the company's shares Hudson is "well-motivated" to succeed, said Midas."Buy."
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UK shareholder meetings calendar - next 7 days

Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
Monday 29 April 
Goldstone Resources LtdAGM
Hydrogen Future Industries PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
KR1 PLCEGM re buying up to 15% of shares in issue
Ocado Group PLCAGM
Secured Property Developments PLCGM re name change to Mollyroe PLC
Symphony International Holdings LtdAGM
  
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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
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22 Mar 2024 13:38

Secured Property to change name and switch focus to technology

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UK BROKER RATINGS SUMMARY: JPMorgan Cuts Rio And BHP, Raises Anglo

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16 Dec 2019 13:18

Monday broker round-up

(Sharecast News) - Tullow Oil: HSBC downgrades to reduce with a target price of 50p.

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16 Dec 2019 11:34

UPDATE: Sports Direct To Become Frasers After Interim Earnings Growth

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UK WINNERS & LOSERS SUMMARY: Investors Cheer Sports Direct Results

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16 Dec 2019 09:42

UPDATE 2-China-U.S. trade deal, Brexit hopes turbo charge UK stocks

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16 Dec 2019 09:40

UK BROKER RATINGS SUMMARY: Barclays And HSBC Downgrade Virgin Money UK

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