RE: Surprised this is still trading sub 10011 Apr 2025 12:00
Twi £5m buys been worked through in the last few days, all the downward pressure is already baked in here from the budget, NI increases, looming recession, inflation fears, Nike dominance dwindling, US tariffs, Vietnam being hammered. I think we come out of the other side of this downward pressure now, good news on Vietnam doing a deal, Nike promotions and an uptick in Nike's SP. JD is growing and expanding nicely at some point she'll return to a forward PE of 15-20 and that's 200-300% up from here. That might take 5 years or more but it'll come at some point and hopefully sooner than that but a forward PE of 6 for JD is good value all day long