Member Info for Alessandro

At a PE of 15, £80 million reduction in profits can result in a reduction of the market cap of about £1.5 billions actually

200 new stores and revenue increase of 1.8%. Will see what the market thinks about this, maybe an opportunity to add for those confident in the future prospects of the company.

JD is quite an unloved share. Look at Lululemon, market cap of 70 billions with PBT similar to JD sports. The UK stock exchange is growing deserted, with investors turning to highly priced markets.

Back to comparing Lululemon to JD, is it a weakness not to own brands, is it the fundamental reason for JD to trade at a considerable discount, not just lately, but since IPO.

How can Safestore make more profit than revenue?

I hope for more downside to top up. I believe 300p is totally achievable (and surprised we still are this far off).

Softer consumer spending affects JD and Nike differently. JD is growing by taking market share from other retailers even so in a softer market and suffers less from brand competition. JD sells brands other than Nike such as New Balance, Dr. Martens, and cheap alternatives like Fila (which is by the way of outstanding quality, it was considered a great brand in Italy when I was a teenager, it was later taken over by an Asian company. I still buy Fila sometimes). Part of JD are JD Gyms, Shoes, Go Outdoor, etc., so it is not all about Nike shoes. Nike also suffered from the strong US Dollar, which instead plays in favor of JD.

I expect good results from JD, I am positive revenue will be higher than last year (and that is discounting inflation).

I hope we have a trading update next week.

Donkeyeeyore can you make your question more explicit? My guess is that you believe that OTB can go over 500p. What sort of profits and margins do you expect OTB to make for it to be fairly priced at 500p?

Previous highs to 500p? That's not gonna happen

Nice rise in the past few weeks, bodes well for the results announcement in Jan

Https://www.unilever.com/news/press-and-media/press-releases/2023/unilever-to-acquire-premium-haircare-brand-k18/

I don't see the acquisition fitting in the strategy to focus on the top brands to drive growth.

The product is very expensive and addresses a public where Unilever does not operate.

As the concrete industry evolves, Somero innovates. This year, at World of Concrete 2024, we’re proud to announce not one, but TWO new machines. Any guesses on what we’re bringing?

JD stores were busy on boxing day (at least the one I visited)

The Nike trading update blindsided me last week. I am quite confident about JD though. I can't wait for the Christmas trading update.

Smith, I believe JD will post a Christmas trading update in the beginning of January

I think JD will post much better results than Nike. Nike has a much larger exposure to the US market, which was only partially offset from India and SEA. The currency headwind for Nike (strong dollar) could be a tailwind for JD, as it will help with the earnings in North America.

JD is growing fast in Europe, sales in the UK look very robust. JD is also seeking exposure to the Middle East where I believe there is a huge potential, although at lower margins (in my view, considering JD will operate a different business model based on franchising in the region).

At what time is Nike releasing results today?

During the crazy period with Jope the dope, Unilever went on a spree of acquisition of minor brands with the short sighted hope to turn them into multibillion established brands. Crazy how they forked out 1 billion pounds for Dollar Shave Club, which turned into a failure and the fresh management had to clean up the mess by selling it off at a loss.

I trust the new management, no more purpose to brands, no more woke culture, no more crazy acquisitions of small brands, most of which belong to oblivion.

I expect Ben and Jerry's to be sold off in due time, the Ben and Jerry's independent management has only given ice-cream headaches to the parent company. Overpriced products, despite the recipe may be considered good, customers can't digest it due to the politics packaged in it.

JPMorgan raises JD Sports Fashion target to 211 (210) pence. Terrific increase!

No much explanation was given regarding the loss of revenue in the US, apart from the "challenging environment", which says pretty much nothing.

Not much was so said about why they need to invest 30 millions in their GAS program. What has changed to require such a capital investment?

The growth strategy relies a lot on M&A, which is okay but suboptimal.

Lots of questions unanswered and a degree of uncertainty. I expect more weakness of the share price till the next trading update.

What is the story about the Dutch subsidiary that filed for bankruptcy?

A fifth of the business was lost in the US. Not much to understand for the layman.

"US revenue declined by (19)% on an organic basis with softness in Media revenue as a result of greater concentration in the consumer technology verticals as well being less advanced on the execution of the strategy in comparison to the UK business."