Member Info for Alessandro

In the event of a takeover, what would a fair offer be?

Feb 2023

JD’s U.S. locations average 5,700 square feet and produce around $526 in sales per square foot. By contrast, Foot Locker locations produce $900.

https://anchor.placer.ai/the-anchor/jd-sports-stepping-on-the-gas

The US elections have had an effect on JD but not on Lululemon. Not to mention the mild weather. How does mild weather affect a business mainly selling trainers?

Lululemon stock doing tremendously well. JD can dream to achieve the same performance. The new generations are perhaps looking for new brands, seeing Nike et. Co. as brands for oldies.

Ali -' Firm Results', or whoever made the video

Mine is £3 per share. My average is £2.40 and I will add if we hit £2.00.

What is your fair value for PETS?

I am surprised the depressing TU from Foot Locker hasn't dented the current dire price of JD Sports.

Foot Locker (FL) shares are tumbling in Wednesday's pre-market trading as the footwear retailer cuts its full-year guidance while missing third quarter estimates, citing weak consumer demand.

We are back in the 40s again. Will it be short lived? Probably...

I will read the results in more details later in the day, but the outlook seems decent. Nothing goes up in a straight line for no businesses.

Who reported weakest sales since April? JD?

Mails?

Could Somero become a 1 billion pounds company in the next 10 years?

A stock analyst suggested this possibility on his YouTube channel.

https://youtu.be/fN1i-5JR_gc?si=6VGPVqhh-iId8snu

'Claim' near zero, not 'get' near zero. A fund manager would go to jail for accounting fraud if they did the same calculations when averaging down costs.

If you buy 100 @100 and sell 50 @200 your average is still 100 for your retained shares. You just sold half of your holding with a 100% profits. The average cost does not go down to zero just because you sell part of your holding at a profit.

Similarly the average cost does not go up if you sell part of your stake at a loss.

"However, the Q3 update may have capped its valuation in the near-term below 10x P/E due to:(1) JD Sports multi-brand model failing to be more predictable in a volatile environment; (2) the lack of clarity on timing of Nike's recovery; and (3) ongoing debates about accounting quality, which could deter long-term investors."

What's to do with accounting quality? Poor accounting quality rhymes with shenanigans/fraud. Is this what they meant by 'accounting quality'?

https://www.proactiveinvestors.com/companies/news/1061210/reconnaissance-energy-africa-gives-progress-update-in-namibia-following-nearly-40m-capital-raise-1061210.html

Taverham - my guess is that the share price is suffering from too many stores opened with no significant uplift in profits.

What good are the new stores? Sales per store must be going down.

I am not sure where this is going to end but I know for certain that the shares are worth much more, at least 150p in absence of further growth (which I don't think is the case)

Taverham Regis is French

BuddhaBob JP Morgan cuts target price to 105p from 171p * JD Sports : JP Morgan cuts to neutral from overweight

Megla: JD Sports : JP Morgan cuts target price to 105p from 171p * JD Sports : JP Morgan cuts to neutral from overweight

JP Morgan. Cut target price to 105p from 170p.

They value a business with 1 billion pounds PBT at 5 billions pounds. Imagine buying an apartment flat for 500k and renting it out for 8k per month (assuning no maintenance and other costs)! Insane.