Member Info for Gino73

Trying to get my head around the non-cancellation of the shares bought. Is it because since they aren't cancelled, then the SP won't rise as the same number of shares are in issue. The SP will hover around 270p - 300p depending upon how actively they are buying, plus, of course, any other business occurrences. If that scenario is correct, then it limits the amount the company has to pay to amass the volume of shares they plan to. What then - cancel the lot in one go at the end of the programme with AGM permission and trigger a SP uplift of >15%? Or am I being foolish?

I recognise that mess! If you want a laugh, read his/her/'it's previous posts. Wonder which village has lost it's idiot?

The company is pausing it's share buy back programme until further notice.

Been looking at the voting record of Mr Wright MP (currently enjoying his tenure as chair of the select committee involved, who for some reason I can't understand, Reuters keeps referring to as a 'senior lawmaker') and I note that he 'Generally voted for mass surveillance of people’s communications and activities'. Come on Wrighty, make your mind up!

SPD won't be paying any more tax. This is VAT which they collect from customers, SPD will be handing more of it to HMG rather than to other governments if the scheme works. Give the guy a knighthood - there may be a spare one up for grabs shortly! lol.

Was pleased to have sold at 290.1 early doors to wait for it to dribble down to 270s to buy in again! There's timing for you! This means the buy back is off until SP drops below £3.00 again! ATB

Hi, this is a Share Buyback Programme Update issued by the company on 21st October which explains how it's going. SPORTS DIRECT INTERNATIONAL PLC ("Sports Direct" or "the Company") SHARE BUYBACK PROGRAMME UPDATE Programme Update Further to the announcement made by the Company on 9 September 2016, the Company announces that it intends to continue its share buyback programme from today's date for the remainder of its current financial year ending on 30 April 2017 (the "Programme"). The maximum number of shares that may be purchased under the Programme will be 87,149,097 ordinary shares, being the maximum number of shares that may be purchased under the authority granted to the Company by shareholders at the Company's annual general meeting on 7 September 2016 less the total number of shares purchased under that authority to date. The aggregate purchase price of all shares acquired under the Programme will be no greater than £261,447,291. As part of the Programme, the Company further announces that it has instructed Citigroup Global Markets Limited in relation to an irrevocable, non-discretionary share buyback programme to purchase the Company's shares during its forthcoming closed period, which commences on 21 October 2016 and will end no later than 8 December 2016 (the "Closed Period Programme"). The maximum number of shares that may be purchased under the Closed Period Programme will be 29,697,251 ordinary shares and the aggregate purchase price of all shares acquired under the Closed Period Programme will be no greater than £89,091,753. For the avoidance of doubt, the total number of shares purchased under the Closed Period Programme and the aggregate price paid for those shares will be counted towards the limits for the Programme set out above. The purpose of the Programme and the Closed Period Programme is to reduce the share capital of the Company. Each of the Programme and the Closed Period Programme will be conducted within certain pre-set parameters, and in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The shares repurchased by the Company will be held in treasury pending cancellation or re-issue. Ends The maximum price to be paid during the closed period programme is £3.00 per share. By my calculations, under the current programme (including the closed period programme) which is scheduled to end 30th April 2017 (unless extended) the company has bought 5,219,607 shares as at COB yesterday. ATB

Sorry, I should have finished my post - lol! It was written mostly in jest. If you lived in the NE you would be aware that any success NUFC enjoy, the supporters would believe it to be despite anything MA does. SPD are quite unpopular amongst the Barcodes who would love to see all sign of SPD removed from their ground! (ungrateful bunch)

MA was also ultimately responsible for the appointments of S McClaren and A Shearer - total disasters. I have a couple of thousand SPD shares and like us all, I want the SP to do well (me being currently under water) but that club whose name shall not be mentioned in my household is a private investment of MA's and personally I say pox be on the lot of them!

If you turn the sign through 90 degrees yo can see it becomes something of a face, possibly with two chins. Wondering if it's supposed to represent one of those 'anarchy' 'clown' masks that pop up now and then. Anyway, click onto his name, look briefly at his posting history and think what you will. There have been warnings lately about clicking onto some links within postings on these boards. Treat with caution. For myself I would ignore this guy!

Bit of great PR today about offering direct employees non zero hour contracts. Would like it to get the same media coverage as the 'victorian' working practices but won't hold my breath.

JPt, Hi again. IMHO the Investor Forum are throwing petrol onto an existing fire. With all of their billions they are still in a minority as regards SPD For myself, whilst their shops don't appear the best, if you want reasonably priced goods, a substantial choice and quick service ( the masses incl myself) rather than pay 50% more and have limited choice, then SPD is the place to go. Whilst i perceive MA to have the 'chin first', take on allcomers attitude which helped him build up the business in the first place, I do feel that he would be better served taking the company private and sincerely hope he will. He encountered many enemies from the start and they still increase in number and whilst he put on a better show than the plebs on the Parliament committee, these constant attacks on him personally must be taking their toll in time, emotion and inspiration. I can't be the only person who feels this way, so I trust that some of his advisers are pointing out the same. and advising him to take SPD private.I'm sure he is an honest genuine man who will correct any of the employment 'issues' in the proper manner. PS - Please MA, while you're on, get rid of NUFC. Whatever success, or not, they have, they they will never credit it to you. Clear the plate, enjoy your life, you're an inspiration to any budding entrepreneur.

Thanks for the info RML. Different methodology but we're both nodding in the same direction. Will study your reference.

I haven't a clue what you guys are on about, but I note what I see and hear about things I understand. The cost of wage refunds was a good deal less that expected. Independent investigations into the companies practices and its Board are being carried out at the behest of the company - a city positive. We have the ongoing share buyback programme. A late but reasonably extended summer (including the best August weather I can remember for some years) arrived which along with our success in the Olympics has resulted in a pick up in retail. Can't think of a current negative for this share which hasn't already been overpriced into this share. I would be amazed if the comments on trading from this company at the AGM aren't considerably more positive than the last ones. Uptrend to continue IMHO.

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rIs it just me? When I read the linked article fully, it appears that Brexit is being blamed for Ford's profits having tapered off worldwide and all pre the Brexit vote. Ford haven;t manufactured a car here for more than ten years, only manufacturing parts with a substantial R $ D base thrown in. All of the ford cars sold in UK are imported - mainly from EU countries. Perhaps those countries can negotiate with UK over maintaining their 'single market' access to UK.

Leave big Sam alone or my club are stuffed! We can't do any transfer business because of the uncertainty. What a mess the FA are making. Guess what I think FA stands for?

Agreed RachelsDad. Excellent performance from a guy who self confessedly speaks from the hip. Glad he answered the way he did - I want him to spend his time improving the value of my (and his) shares not satisfying every wish of the BIS. Hope his performance is viewed in a positive light by the markets and that some of the recent SP losses are reversed. My local rag (I live in NE) has a less positive commentary on the meeting but MA is generally not well liked here because he owns their football club, though not mine.

Many thanks Beetham and RachelsDad.

Does anyone know if this will have live TV coverage? Fancy it will be worth watching!