Member Info for Alessandro

I read the Interim again. The 70 million pounds were not just for strategic stocking, is also expenditure for the Canadian expansion.

Mrjwc

How much produce can be stocked in an average coldstore room?

What's wrong since the ex div date?

FB911

What are the signs you refer to?

It is a weak argument that the dividend is slashed when it become too high.

It is cut when it is not supported by earnings. The main question going forward for LGEN is whether the dividend will be well covered.

In the case for Vodafone, investors knew the dividend wasn't covered, that's why the price kept sliding since before the dividend was cut.

From HL website:

Income is a key part of the investment case, and the forward dividend yield of around 8.4% looks attractive, as does the potential for capital to be returned through buybacks. The balance sheet is in a very strong position, which supports ambitious return plans. Management sounded confident about being able to deliver better shareholder return growth than previously expected, though nothing is guaranteed.

I may add too, laughable overeaction.

What's did the market see so negative to justify such a slump?

Debt increased as a result of ongoing investments.

Dividens is up by 5%.

Volume up, revenue up across all regions.

The 'white fish' issue doesn't seem to be that big. Unless there is more undisclosed.

A bit of a bumpy road but good progresses.

"We are taking a more cautious view on L&G based on relative valuation, ongoing negative investment variances weighing on net profit, dividends and buybacks not covered by free cash flow and rising competition in the UK PRT (Pension Risk Transfer) market"

Is there a risk of a dividend cut?

JD held up well despite the grim market. Time will come (God knows when) JD will be over 200p again.

Finley1

How did you come up with the £5 figure?

Quite a big dip from the 260s. I fear the drop will be more pronounced.

Hoss13

That's a combination of reassuring results and the announcement of the buyback. Probably without buyback the share price would have had a the same modest recovery. Domino's bounced back in matter of hours.

Yet, comparatively JD is more undervalued .

Domino's Pizza announces £20 millions buyback and jumps 8%. JD announces a second buyback of £100mln (comparatively similar to Domino's normalising by market cap) and we are still in deep waters.

Unloved.

Pokerchips

That's exactly my point. The super rich get richer at our expense (if they buy JD from you for 150p, it is not to make you richer in the short term, but to snap the long term opportunity from you).

There is nothing we can do about it anyway, but wishing for it is self-harming long term thinking.

I don't understand people wishing for takeovers. In time, the common person will have less and less opportunities to invest in the stock market, as the best companies are taken private.

Berenberg raises JD Sports Fashion price target to 155 (128) pence - 'buy'

Topshelf

I wouldn't say low profits. I see a potential doubler here. The good of markets is that people opinions differ, and that makes the price move.

Poker

To workout my figure of 165p I considered a 20% tax deduction from the PBT.

Adam

If you're hoping for a Christmas boost you're essentially hoping for a Christmas season better than last year. At least in the UK, we will soon see rising cost of energy bills (starting in September) and more inflationary pressure on consumers.

I hope for a good Christmas trade but it is aunknown how good it can turn out.

As long as we meet market expectations we should return to a PE of 12.. if there is any sense left in the market.

With PBT of ca. £850 mln, a PE of 12 equates to a SP of roughly 165p. I hope we can complete the buyback quickly at current level and hit 165p by end of January (provided Jan TU reflect a positive Christmas trader).