Member Info for Alessandro

My average is quite high relative to the drop (140p). Coming down from 230p, some broker had a target of 300p, at 140p the stock seemed a fair value and I did not want to miss out as a drop seemed unlikely, especially after seeing how well it navigated the Covid storm (physical stores closed, yet good sets of results).

No broker would issue a target of 300p these days. Although a PE of 16 (about 300p) does not seem too much if JD can show signs of at least some marginal growth.

Lululemon makes similar revenue as JD but PBT are more than twice as much.

Is JD limitation the reliance on brands, whereas Lululemon has its own?

It doesn't sound to me something that Somero could be doing. Roads are not made of concrete and do not need to be perfectly flat.

Oilheadgame Fairly large director buy!? Define large, from a CEO of a FTSE100 company prospective.

Most of us on this board bought more than the CEO did in his last trade.

Nike direct sales down 12pc

Wholesale down 7pc

On the flip side Nike seems to be more reliant on retail partners, so good news for the like of JD

JD must diversify, Nike is a sinking ship

Good to see JD sponsoring UFC, big logo in the octagon. Hibbet needs rebranding to JD Sports. Nobody knows who owns what at corporate level, you don't want to advertise for two store brands under the same ownership.

Johnjo even a guidance of £800mln wouldn't justify the current valuation, a fair value would be no less than 120p. If guidance is in line with previous fiscal year, 180p is totally reasonable.

The concerning choice of words is in the mid term strategy update. Something must have changed for diverting from the strategy set out 2 years ago. It is clear to me that opening new sites hasn't brought about extra revenue.

I can't see JD differentiating much from competition at the moment. They need to do better to secure exclusive models from brands and strengthen pricing power.

Rebranding the acquired business can be a risky move but I'd try that route too.

Medium term plan.. are we deviating from the strategy set out two years ago?

The FY results presentation was not overly exciting. A stable company doing steady business, subject to market cycles. Nothing exciting been said about plans on how to deploy the $30 millions on the balance sheet.

No possible US listing, apparently the US has no much appetite for Somero to bear the extra cost for a US listing.

Buyback may not be in scope either. Institutional investors seem to prefer the dividend.

With a 5% net yield for a UK investor (accounting for the15% US withholding tax) I can't see much scope for appreciation, £4-5 per share seems to be a distant memory.

A new CEO will take the reins soon. Wonder if he/she would bring some fresh air in the business.

The stock was trading above 60p not long ago. give me a reason to sell below 50, when I am already getting 3.5p per year per share. The offer is an insult and should be rejected.

When is the full year results/trading update? This month or next?

No takeover in sight then, or it would be inside trading.

£50k is pitifulf from a director.

Is the party over?

Having worked in Unilever for a number of years I can tell people got too comfortable, with no interest in bringing real innovation, and frankly, most are low skilled workers who found a seat to sit on their fat wallets.

I am not sure how much of a turnaround can these dinosaurs in Unilever bring.

Reasons to be ousted?

Johnjoneedsashag I agree blaming the election was nothing short of laughable.

Taking example from Hein Schumacher in Unilever today, I see the possibility for Regis to be ousted, I don't know if his strategy will be successful but investor confidence is lost.

I will make my decision once results are out, most importantly on how the results are communicated.

Johnjoneedsashag Can you explain why the results were "very poor" in your opinion?

JD missed earnings but sill delivered solid earnings on an adjusted basis of over £900mln.

Is this board moderated/censored?

Nike is moving the needle for JD, however the opposite way. Something seems to be fundamentally wrong with the London Stock Exchange. I bet it will be the place for dividend paying dinosaurs, waiting for extinction.

The market has reacted a bit too harshly

however growth will not be stellar, we wont double our money in 4-5 years. i sold most of my holding at about 48. i'll leave what i have left in the benefit of doubt,

I will add below 40p. The yield would be great possibly with more takeover interest.