My average is about the same. I'm still surprised that the BOD have not bought any at this price . It may be telling I'm not sure. I thought the ceo would have bought some. I am not really that confident with him after this recent episode.
At least its not a falling knife ! I reckon the shorts are in and expect it to go down to £1. I've not seen this with a stock in a long time. JD is really getting punished.
Their announcements were amateur and they got punished. They were overconfident in very difficult circumstances and their reasons were poor when those expectations were not met. Next played it just right.
I am a long term holder. I dont think we will see any long term movement until things improve with Nike or Adidas. JD got punished for not nearly meeting the £1b target which it was very or over confident in forecasting, £900m is not bad though in today's climate. I think Shultz will be in a bit of a state but then again he has not bough any shares.
Despite a tough market jd still delivered a very decent profit. The markets have punished them regarding the £1bn forecast which expectation. If they forecasted @£900m where would the sp be today ?