Updates and Ideas

JD Sports - Analysts see scope for eps rise to 150p next year

February 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Last month we made sports retailer and brand owner JD Sports (JD.; 723p) one of our top selections for the year ahead. The key “prop” to this recommendation was the fact that 2012 will see the business benefit from the Olympics and also the European Football championships. But much more importantly, JD’s investment appeal has been enhanced by a formidable coup of buying the business and assets of Blacks Leisure from its administrators, stealing it from under the nose of arch rival Sports Direct (SPD; 235p). Back in 2010, Sports Direct, which held a 22% stake in Blacks had offered 62p for the business, which would have valued it at £39m. It would have also taken on £36m debts but suppliers had been unwilling ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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