Member Info for Thegoldrush

I was thinking this the other day that if MA did decide to take SPD of the market, Wouldn't it mean he technically would have avoided having to pay a shareholder premium on all this bought back stock as they already belong to the business and so any difference would end up back in his pocket?. That would be a huge chunk of cheap stock already stored using cash reserves to build a stake (without openly saying it) at a very low price whilst using technically free borrowed money + the benefit of avoiding that premium on the chunk. Either way...Right now SPD is like a game of chess. Every day is quite perplexing! Agree with you Chicken, totally unpredictable.

Chicken I know it may seem a stretch, but it did hit £3.50 just the other week. £3.70 is where I'll be looking at as Its where the 200 day sits right now, so a week close above the 100 day would definitely imply it as a next target. Either way be interesting to see where it goes over the next few weeks :)!

Yeah, same again!. now also looking for a day close above the 20 day. Agree on £3 being a big area, think £3 and below look pretty safe though because of the support from the buy back and given the return that just happened. I'm then watching the 100 day at £3.18ish. Its not had an end of week close above since near the beginning of the downtrend in Sept 2015, so going to be quite a big deal!. Looking back, it tried on Fri 09 Sept but failed. I think if its over £3.18 next Friday, would then be looking back at around £3.70ish Mid term.

Agree with your comments yesterday. Was also looking at the £2.92-2.93 (50 Day moving average) which it kept bouncing back from initially! Lot more confident on the direction now with the end of week close above. Overall the drop to 2.80s this week looks like a bear trap, be interesting to watch on Monday.

Same thing as the other week. Another massive trade in there this time for 2M shares and at about the same price £2.85ish. Last week I thought it could be SPD's buy back but given the RNS releases always seem to be around 200k shares a day, wonder who it is?.

I'm thinking over the 50 day moving average at 291.34 at least. Looks like its going to hold.

Seen a 1.1m share trade in among this rise as well, some of the buy back maybe?

Really I'm thinking it should be closer to £4-£4.50+ quite soon, as £3+ish is still irrationally pessimistic. It seems to be getting missed that earnings here are still fairly greater than that of JD sports regardless of the downgrades. SPD now trades on a P/E of just 6.2 vs JDs 28. IMO If anything JD has overshot the upside on unrealized potential whilst SPD's realized potential is being ignored. Anyway its good to see SPD still owns 3% or so stake of JD. Surely will have given a £7+m profit on paper in the last week! so even with JD performing well some of that will come back here. Finally, really thought the event with MA and the cash was actually a good thing the other week. Kinda feels like that turning point moment where you know things can only get better? Lets see what happens!