RE: Seemingly28 Apr 2026 18:23
@dwam I doubt there will be a 'dead cat bounce' after JD Sports results.
On the contrary, it would not surprise me to see JD Sports share price rise 10p-20p in the days immediately after their results on 7 May.
JD Sports' share price is currently at a lowly circa 68p-69p. That is bargain territory. Every stock hits its low point sooner or later.
JD Sports may surprise a few punters with its results. I predict decent sales revenue, cost savings on track, free cash flow over £400 million for 2026; and a reasonable update on Q1. Add to that World Cup Year June-July 2026 with associated sales. Therefore, it is possible, that JD Sports announce a further share buyback of circa £100 million i.e. in addition to the previously announced (in February 2026, and currently in motion) share buyback of £200 million.
Should JD Sports' results and update be decent, then the shorts (fleas) will have to close quickly and run for the next cardigan. It would not surprise me if a couple of shorts close prior to the results - rather than risk the inevitable uplift in the JD Sports share price from 1 May onwards.
There is a small window of opportunity for buyers to invest at the lows, or current investors to average down.
In the interest of transparency, I have added a decent chunk of JD Sports shares to my investment portfolio. It is simply to cheap to ignore at 68-69p in the lead up to the important investment period from 1 May 2026.
IMO & DYOR
#begreedywhenothersarefearful