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@ Alessandro, some good content but I disagree with your conclusion. The reason I do disagree, is plain vanilla, what I see and observe, not theory. If you go to their retail store, they still emphasize other major brands - Nike, Adidas, etc.. and less so other Pantaloon brands that you mentioned. On the contrary if you go to a Footasylm store, they promote a lot of their own brands (smaller brands) to a larger extent or most visibly so than main stream brands. I get regular spams from JD on new product launches etc, and even they are most tailored to brands like New Balance, Nike, Adidas, etc. etc.. I can state more facts from company's annual reports etc, to bust some of other statements, but I see those efforts in vain, as others will counter with more mis-information...

@dwam, the reason you are most disliked on this forum (and rightly so) is that the fact that you state a lot of material disinformation and utter lies. To state an easy one, you mentioned earlier - "There is a float of almost 5 billion shares for JD Sports". But the fact is that Company's total share count is about 5.1bn shares, but Pentland's ownership of 54% stake is never considered a free float to any financial literate person. You can even use an AI for your own benefit.. So the free float is roughly about 46% of total shares outstanding or about 2.4bn shares. Pentland is also not participating in JD's share buybacks (else they would have to be release an RNS about it), so the buybacks are coming out of the 46% free float.

Many more lawsuits coming against the likes of Polymarket and Kailshi...

https://www.amny.com/law/polymarket-gets-hit-with-class-action-lawsuit-over-sports-betting/

Although its a complex topic and no one knows which way these cases will go, but all states will fight to keep control on sports/gambling regulations, whilst keeping their revenues intact; on the other side, Trump and his family interests will mean that prediction market will have backing from federal government (Trmp Jr has investment in Poly..)...

In my views, gambling in the US is a state topic, and CFTC shouldn't be having a jurisdiction on this by just masking the product offering as swaps/derivates etc. Afterall, it is gambling on the outcome of a sport, no matter what form the bets take..

Thanks. Found the reason for today's fall. Its results by Draftkings last night after US market close. This stock is down 15% in aftermarket close trading, so Flutter down 7-8% is quite in line.. interesting read from its Q4 and outlook statements, but you can find them online..

Key event (apart from earnings) is the Polymarket suit in the US (or further suits in higher courts after federal court verdict) - it can dictate the direction of its US business and therefore share price. If Polymarket wins, I think shares can fall much further still (even by half) - hard to see a bottom really. If Poly. looses, SP can equally go up sharply 30-50% easily.. Its the sentiments and risk-off on the stock based on this binary event in my view, and the stock will remain under pressure and volatile in near future.

https://ts2.tech/en/flutter-entertainment-stock-price-today-flut-edges-up-as-ubs-cuts-target-and-prediction-markets-loom/

Some interesting developments in the US with Polymarket suing Massachusetts, which could dictate whether Entain/Flutter will do better than feared in the US (Massachusetts wins), or the business will falter (if it Polymarket wins) and loose the market share to prediction market players (Polymarket/Kalshi) and the share prices will crater much further. Useful brief read below, incase helpful to others.

https://ts2.tech/en/flutter-entertainment-stock-price-today-flut-edges-up-as-ubs-cuts-target-and-prediction-markets-loom/

Despite how cynical you are Carrot, I do hope you are correct, as I am invested in this script and hope to recover some losses with sufficient rebound.

@Pokerchips, if you think the likes of Asos, Zalando and Fraser sell fakes, then I might have bought fakes. But my point was, the point on differentiation really and increased competition. And that's where I think it will impact JD Group and so do others, which will on an ongoing basis squeeze or in best case scenario, keep margins compressed and dilutes their MOAT. This to me as investor would be worrying. But on the brighter side, it may also play to JD's strength by putting smaller fishes out of water /business and leaving the stronger sharks survive and do better. In anycase, still theoretical and nothing that will change in short to mid term....

That may have been true, if it were only CBG shares declining, but all major UK lenders shares have fallen in the last 2 days, so your theory hold ground.... My read on the market is that if Starmer goes and Rayner were to become the PM (least as per the odds on the betting sites), it will mean Banks will loose the interest income on their BoE reserves, which will hit their profitability to varying extent. CBG will also be impacted to a material extent from memory of reading few research reports on the topic last year. This may explain fall in all UK banking stocks, particularly those with most exposure to BoE deposits .... I may be wrong, but my two cents.

Sure. Still waiting for any other example in practice.. can you name one (or ideally two) company that does what you say.. i.e. react to proactively defend their company share price (how and when) ??

So essentially, a combination of AI/Google and online discount retailers, who are happy to operate at reduced margins due to significantly less operational costs from zero store presence. I personally think this will pose greater problem (can't comment on degree of it) for mainstream athleisure/sneaker retailers over time and squeeze sale and margins in future.. again not an existential risk, but will have a meaning impact on growth and profitability in my view...

All valid points @LorenzoLynch.. there is one investment risk (from my personal experience) that I think is under-reported for JD Group. And that is increasing ability of Google or even AI for shopping. What I mean is that anything I need to purchase, I use google (AI) to help me find best deals and shop for me... and I used it quite effectively during December sales to buy stuff at significant discount to prices at stores, including JD... I understand store experience at JD or some other stores is clearly not to be missed, but what stops one to come home and order online.. To give an example, I bought two pair of expensive sneakers (nike & asics) at over 50% discount while JD had them for listed price or at 10-20% discount. And this is true even today, after the sales period is over for a number of popular items you name them.

Don't disagree with you @solomonkane. And these two company specific reasons that we have discussed and you mentioned are perhaps the reason for currently depressed valuation - poor corporate governance (as indicated by continued listing on AIM and lack of adherence to UK governance code) and lack of cash distribution / buybacks that undermine the strong cash flows that the company have, least on paper. There are other industry specific reasons too, but still if these were to be fixed by the company, there are strong arguments that it least trades at a premium to other pure play UK listed airlines and far less discount than some of the leading industry (holiday package) peers...

@NiharRoy, enough of your regular ranting, without any meaningful contribution.. Its so annoying and time wasting , I am sure for everyone else... Do you care to share any other company or management who you treat ideal and look up that reacts every time with an RNS or something you consider should be done every time their share price falls? NWG is down more than 10% at one time today, Lloyds also down 3-5%, clearly all these management teams have been sitting ideal and warming the chair as clearly you refer to ??? Not to mention other financials. If you can not bear any SP volatility, please invest in bonds or fixed deposits for your own good as well as for the sanity of others on this forum.. or perhaps others have filtered your out as perhaps I will if this goes on for another time.

A simple google on "why is Jet2 still listed on AIM and not move to main market listing on LSE?", gives the following reasoning... shows how much efforts some people on this board have put in on the topic...

"Jet2 remains listed on the Alternative Investment Market (AIM) rather than moving to the London Stock Exchange (LSE) Main Market to benefit from a less onerous regulatory framework, lower compliance costs, and significant Inheritance Tax (IHT) exemptions for major shareholders. The AIM listing suits their entrepreneurial style and allows for easier capital management despite their large size.

Key reasons for remaining on AIM include:

> Inheritance Tax Advantages: A primary, long-term reason for staying on AIM is the 100% IHT exemption on qualifying shares held for at least two years, which is particularly beneficial for major, older shareholders, such as Co-Founder Philip Meeson.

> Lower Regulatory Burden & Costs: AIM’s regulatory framework is less restrictive, allowing for lower annual costs and more flexibility compared to the Main Market.

> Strategic Flexibility: The board feels AIM better supports their entrepreneurial, growth-focused business model.

> Capital Management: The current, sometimes lower, valuation on AIM may suit the company's strategy of utilizing cash for fleet expansion and share buybacks.

While some investors argue the, at times, lower valuation warrants moving to the Main Market to gain better visibility, others believe the tax benefits and lower costs outweigh the advantages of moving up."

Also, a number of funds that invest in AIM listed companies from past knowledge, used to be funds that provide IHT benefits to their investors, so its likely that some or good amount of institutional holding in Jet2 is still held by such investors thought I have not looked into Jet2's register and doubt this would be readily available. again, simple google can tell you - "Yes, there are specifically designed investment products—often referred to as Inheritance Tax (IHT) Portfolios or Business Relief (BR) Solutions—that are tailored to provide IHT benefits for investors. These services are designed to help investors mitigate IHT on their estates by investing in companies that qualify for Business Relief (BPR)".

Again, I am not justifying AIM listing, but pointing out some facts / underlying justifications of the company, rightly or wrongly, so that I can base my investment decision. I have a minor portion of my portfolio invested in Jet2 and it suits me best if they do move to Main market and their valuations improve, but I have no power of effecting that, and I do not want to be oblivious to facts and what the company may or may not do, so as to be grounded in my target price....

@solomonkane, no one on this platform to my knowledge defended Jet2 to stay on AIMs. I just stated the reasoning or market understanding of company's position - be that right or wrong... This is company's position and will not change no matter how much you, me or others make on this forum. You can continue to live on la-la land or accept what is out their unless you have the power to change and be practical to make your investment decisions appropriately based on what is out there, especially when you have no power to make the change to suit yourself. Anyhow, I did also mention that I believe this position will change, given tax changes. You have also quoted a number of companies that have changed their listing, but no gone into details to verify if they have indeed such a dynamics playing out or not, and while they have quoted the reasoning, what prompted them after so many years to indeed move up now and not for several years, while the same arguments on size have existed for such a long time?? CVS Group, to give you one example, has been sizeable enough for a FTSE 250 index for over 5 years and still did not move earlier, why? There is reason that they have now decided to move up and not earlier. Your arguments are all valid reasons for sizeable AIM listed companies to move up to main market, but not all do for their own reasoning (again right or wrong).. so its up to an investor to find those reasoning and make appropriate judgements and invest to make returns or be an idealist to just invest blindly hoping for an ideal outcome that may take many many years to transpire and in the meanwhile getting sub-market returns. My choice is clear, and it seems so is yours...

Thanks for correcting. Indeed on 5th March, but vaguely remember seeing it on the website for this week, 10th Feb to be precise, but I may have mixed up with anther company...

F**.... Icecool why don't you stick with WG board, and don't spoil others... You are just too obnoxious and unbelievably foolish...

@manfor, never thought of this risk on Entain's business model, so thanks for flagging. Very much doubt about risk to existence to Entain, but yes, this does pose a great competitive threat in the key US market. Came across this article on Bloomberg that I missed and has some very good points - tax benefit on prediction marktet vs gambling/gaming websites like BetMGM, but states will loose on tax income if prediction market players take too much business away. They do however, reduce the pie for the likes of BetMGM, which will effect valuation / multiples..

This also explains why Flutter and Entain have fallen so much over the last 3-4 months whilst I always wondered about sky high valuation for Flutter previously.... I have taken a punt in Entain, but will probably short term only... Results on BetMGM were good, but have a fear that Entain's results this week, particularly for UK, will not be good, with 2026 outlook depressed by higher taxes.. hopefully worst is already baked into analyst's expectations and management does beat them... fingers crossed.

https://www.bloomberg.com/news/articles/2025-10-04/sports-betting-stocks-face-growing-threat-from-prediction-rivals

"And look at gamma move to main market didn’t do them any favours" - remind me please does it have any major shareholder co-founder and if so, how much does he/she owns?

For those who do not know, the reason Jet2 is not moving up from AIMs is very simple and has been public knowledge for a long time... its the same reason that a number of AIM listed companies (I can mention quite a few) have historically hesitated to move to Main Market despite them being eligible for FTSE 250 or above..... IHT tax exemption for Founders with major shareholding, particularly those who are quite old. In Jet2's case, its Philip Hugh Meeson (78yr old)... This benefit is being partly rolled back from April 2026 (from 100% IHT tax exemption to 50%), so it may likely trigger the Co-Founder to restructure his holding via a trust and then be open to a move up, or even relocate out of the UK... IMO, this should likely happen this year and should trigger some re-rating....

Shares should move positively given no action by FCA.. but what a pathetic self advertisement by FCA…

https://www.londonstockexchange.com/news-article/market-news/premium-finance-market-study-final-report/17442640