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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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14 Aug 2019 09:22

Grant Thornton quits as Sports Direct auditor

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14 Aug 2019 08:55

LONDON MARKET OPEN: US Tariff Move Fails To Lift Mood As China Weakens

(Alliance News) - Despite strong gains in the US overnight and broadly upbeat trade in Asia, London stocks got off to a soggy start on Wednesday, after poor economic readings from China and on got

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14 Aug 2019 07:45

LONDON MARKET PRE-OPEN: Admiral Profit Up; Balfour Boosts Dividend

(Alliance News) - Stocks in London are seen extending the previous session's gains on Wednesday amid signs of easing tensions between the US and China.In early company news, reported a rise in

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29 Jul 2019 17:00

LONDON MARKET CLOSE: Embattled Pound, Acquisition News Sees FTSE Surge

(Alliance News) - The FTSE 100 added nearly 140 points on Monday, fuelled by a severely weakened pound and acquisition newsflow, the latter resulting in Just Eat and the Stock up

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29 Jul 2019 12:04

LONDON MARKET MIDDAY: Takeover Talk Sees FTSE 100 Outperform Peers

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29 Jul 2019 10:42

WINNERS & LOSERS SUMMARY: Sanne Sinks After Cutting Margin Guidance

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Just Eat,

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26 Jul 2019 17:10

LONDON MARKET CLOSE: Vodafone Climbs As Weak Pound Props Up FTSE 100

(Alliance News) - Stocks in London ended the week on a positive note on Friday, with the predominantly non-sterling earning FTSE 100 boosted by a weaker pound and investor sentiment propped up by

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26 Jul 2019 10:28

WINNERS & LOSERS SUMMARY: Vodafone Up On Results, Tower Spin-Off Plan

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Vodafone,

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24 Jul 2019 17:15

LONDON MARKET CLOSE: Miners Sink FTSE 100; Johnson Gets Keys To No.10

(Alliance News) - Stocks in London ended mixed on Wednesday, with heavyweight miners weighing on the FTSE 100, while the pound gained as the UK marked a new era in politics as Boris Johnson the or

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24 Jul 2019 11:53

LONDON MARKET MIDDAY: Miners Press FTSE Deeper Into Red On Vale News

(Alliance News) - Miners put the FTSE 100 under pressure on Wednesday while the FTSE 250 battled to stay in the green in the face of a 24% slump for luxury car maker Aston large-cap FTSE a

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15 Jul 2019 17:04

LONDON MARKET CLOSE: FTSE Rises On Weak Pound And Strong Miners

(Alliance News) - Stocks in London ended in the green Monday with the FTSE 100 enjoying a boost from miners and a weaker pound. The large-cap FTSE 100 index closed 25.75 points higher, or 0.3%, at

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15 Jul 2019 12:12

LONDON MARKET MIDDAY: Stocks Up As Investors Shrug Off China GDP Data

(Alliance News) - Stock prices were higher in London at midday on Monday with investors unperturbed by weakened economic growth in China, as Citigroup is set to initiate earnings

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15 Jul 2019 10:21

WINNERS & LOSERS SUMMARY: Sports Direct Sinks On Annual Results Delay

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 4.3%. An international tribunal has ordered to to

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15 Jul 2019 08:41

LONDON MARKET OPEN: House Of Fraser Woes Continue For Sports Direct

(Alliance News) - Stock prices in London opened higher on Monday with heavyweight miners among the blue-chip risers, while among mid-caps Sports Direct fell sharply after delaying

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15 Jul 2019 07:40

LONDON MARKET PRE-OPEN: Glaxo Gets Positive Results From Zejula Study

(Alliance News) - Stock prices in London are seen opening slightly higher on Monday, tracking gains in Chinese equity markets despite a reported slowdown in economic growth there.In early UK news,

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