Member Info for tidd83

Readmylips it seems capped at £3 mark and I think someone needs a word with the brokers. Interesting play although I think this will be reinstated higher as they have surplus funds to spend. Perhaps a tasty dividend also on its way? I use fib as a main indicator not really had much chance lately to update my charts for long term plays as had other commitments and short term trading is the only chance I get. Obviously here is long term

Sajhanif there are more levels to break before your 396 it is not a clear run, that much I'm sure and I'm not even looking at a chart. Old boys multiple reasons, they may have previously been levels of support or resistance and thus the price will respect them. Additionally Fibonacci extensions and retracements come in to play, Moving averages can also be respected. You'd need to look into TA more if you are interested.

So 309 next was 323 as charted. Will update more later

Right on queue

This is a key area, its only minor resistance but showing more difficult to break. I would imagine a close around or above here should see this broken in the AM. Hopefully supported by SPD buybacks, it does seem as though they are being capped?

Not sure, quite possibly but fundamentally nothing has changed so another chance for entry..

JP very true, I gave a poor analogy and realised that after posting it. What I was trying to get across is the fact they'd be fighting a losing battle. By carrying out the "revolt" as it were the only people they would be hurting would be themselves and all other shareholders and they should know that. It's alright to spit your dummy our in private and negotiate a meeting but to make it a public affair just adds insult to injury. Perhaps it was an idle threat but even so, let's let MA get back to running the business. This should be the opinion of shareholders, if they don't like it then it's simple - sell out and move on.

Consider MAs holding I doubt that will make a blind bit of difference. It's the equivalent of a one man band protesting outside the white house for the president to stand down.

Bod to boot

I got in ontime can't even get a quote now for anything..

Early doors, good luck all.. reads fairly positive here so certainly worth an entry.

Hi Sid, can you share your opinion as to why you see that happening? I'm curious since most of the dirty washing has already been aired now.

As we all know news is imminent and it's already noted to be good.. Let them sell, 1p will be surpassed soon enough.

Not sure they will tbh, recovery is in play as I said the other day resistance is at 309 for first minor. Once broken should push steadily on, not got access to chart at the min. Good day all

JP depends which way you were trading it. The SP has been bearish for sometime so if you were swing trading I would of personally followed the price down and taken a short position as it would have reaped the most rewards, I personally don't trade against the trend. I would not have entered a position here other than bargain hunting but there comes a point when oversold goes too far, especially when the company pulls the stops out to try and stop the rot. Bullish reversal is in play, may take a few weeks to establish but I'd expect a push north back towards at the very least the £3.50 mark near term. The FTSE isn't dead yet, I still expect a move back above 7000 but ultimately the market is due a massive correction at which point my 90% liquidity will increase. Then comes further bargain hunting, in the mean time I have AIM to keep me entertained.

Well done guys, having entered around 66p and seen the 80p drop to 55p and then struggle to move for months I sold out at break even to move money elsewhere.. Typical as now it's broken north lol- good luck

rbrand https://www.theguardian.com/business/2016/aug/15/sports-direct-staff-to-receive-back-pay-unite-hmrc JP Difficult to predict as I personally expect to see a dip in revenues in the next statement given the current state of the economy and nervousness with consumers. I did originally give this a conservative PE of 15 which would fall in line with your average, an EPS of 20p Is too low.. I think 25-30p is more likely giving a near term target of anywhere from £3.75 - £4.50 PS.

PE is a little silly at this level so yes it's oversold but sentiment can damage a stock. Lack of hedge against currency fluctuations doesn't help however given the payback to workers has been confirmed at £1mill (less than I expected) and buyback has commenced it should tick north.. Readmylips, i recalled reading it historically around buyback clauses, there needed to be some regulation or companies would pump their own stocks to oblivion so the fat cat bods could get even richer. Old boys, the Buyback won't be capped. It makes no odds whether they're bought at £3 or £4 it's still undervalued and the revenues are being spent.. Only other option is a big divi but buyback at these levels is much more rewarding for holders.

http://www.investopedia.com/terms/r/rule10b18.asp Condition 4

Beetham I agree and exactly my thoughts when I saw they were selling its the right thing to do. Readmylips, aren't there caps on volume of buyback per day? I assumed it had to be a maximum % of the daily volume?