(JJB) JJB Sports

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Tue 16:47	Re: This Week.,..	The Millipede


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Blimey. More View thread 23 Respond Login to Vote up
Tue 16:29	Re: This Week.,..	Young Maverick


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Im getting ants in my pants now to be honest, Together with Duck I share the belief and have done for a while that Feb is the month that something is going to happen. 1/4 through....nothing yet! BB - Thanks for this....I didnt think of the smaller companies so I will look into it. More View thread 23 Respond Login to Vote up
Tue 16:22	Re: This Week.,..	The Millipede


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YM - Yes I agree if JJB can prove it has turned around then perhaps 40p plus is possible and I agree there are signs this might be happening. Exceptionals aside, it might already have happened. But I believe what Duck is saying is that a takeover at 40p plus is feasible even though JJB won't be able to turn itself around. I am not for a second dismissing Duck - he is a very intelligent poster who knows far more than I do. But I don't get it....so am inclined not to buy it, although I am happy to accept this might well reflect a lack of understanding on my part. Naturally I hope he is right, since on his view we can expect a massive hike in the price shortly! On mine who knows when, if ever, it will come. One thing is for sure, if Duck sells his stake into this market I don't think we will be wondering why we aren't at 5p anymore! How we laughed! All the best, TM More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Tue 16:05	Re: This Week.,..	BoyBlunder1


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YM, Sorry you are incorrect when you stated "SPD is the only competition" Dont think SD are the only company who have been stealing market share from jjb over recent years. Suggest you go to companies house and do some research on Pro Direct Soccer and have a look at how the business has boomed in the years JJB have been suffering. IMO & DYOR More View thread 23 Respond Login to Vote up
Tue 16:04	Re: This Week.,..	The Millipede


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Well Duck, I hope things kick off here before you depart. It would be a shame to leave just as things are getting interesting. (Although I guess depends on precisely how they get interesting!) Good luck anyway, TM More View thread 23 Respond Login to Vote up
Tue 15:25	Re: This Week.,..	Duck and Dive


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TM, all I can tell you with certainty is that Henderson held 866,216 JJB shares on August 5 2010, which was then a whopping 0.13% of the shares in issue. I'm fairly sure they haven't issued any holdings RNS's so we can safely assume that their disposal would have had a minor/temporary effect on the SP back in November. As for the propriety of a pre-arranged deal, I don't have much faith in the disclosure and transparency regulations. I also suspect that it would be possible, by judicious wording, to weasel their way around the regulations, by saying, eg: if the company is still trading in Feb 2012 and if the share price is 30% below, we would be prepared to buy the business at 45p per share, as long as the Queen is still alive. In other words, it could be a binding agreement but so contorted and conditional as to make it debatable whether it would be prudent to disclose it. Anyhoo, I've backed my theory and I won't be hanging around for much longer to test yours. More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Tue 14:40	Re: This Week.,..	Young Maverick


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in light of the Jan Sales data, I really wonder how JJB did on LfL. As they had a dire Jan last year right? And they didnt discount heavily through out Jan. Whats the verdict team? Did they manage to beat last year? I think they have. But if they have then why not release a RNS? Ifs and buts eh. Trading is a game of chess More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Tue 14:30	Re: 170,000 BUY	The Millipede


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Better get the FSA onto it then YM. :-) Seriously though, one of the problems with thinly traded stocks is the bid/offer quoted by organisations like iii can be way out. So it is nigh on impossible to tell what is a buy and what is a sell. I agree the 170,000 trade LOOKS LIKE a buy. That doesn't guarantee anything though and as for the other trades..... who knows? IMVHO More View thread 2 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Tue 14:30	Re: This Week.,..	Young Maverick	1


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TM - however someone would pay 40p + for a company that has turned itself around and has come back to profitability which I believe JJB are on the verge of doing later this year. (H2) If another party thinks we are going to come back to profitablity, that they having backing of key suppliers that dont want an SPD monopoly in the market, and that they can add to the JJB offering and chop and change it to make it better (e.g another bigger sports retailer Dickk's/JD/etc etc) then I don't see why they wouldnt pay 40p +. However I also dont see why JJB would not be able to carry out with a successful turn around? Why not? They gearing more toward web sales and minimising their brick and mortar. They have experience board members. SPD is the only competition, and lets face it they are successful but they are not serious about sport. There is market for them. I firmly believe it. More View thread 23 Respond Login to Vote up
Tue 14:11	170,000 BUY	Young Maverick


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Big buy, and there is some more big buying. Out of the Total Volume of 280k so far, around 270k are showinf as buys. And the SP still hasnt rocketed? WOW. I have to agree with Duck and state there is defo some manipulation on this stock. however to what extent im not sure about. Whats all this buying about now, the final tree shake and buying before some move? One would hope.! More View thread 2 Respond Login to Vote up
Tue 10:54	Re: This Week.,..correction	The Millipede


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...it makes sense to me that JD might pay a small sum to grab.... More View thread 23 Respond Login to Vote up
Tue 10:52	Re: This Week.,..	The Millipede


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Duck, perhaps you are right that my view is too simple - or more importantly, wrong - but I don't think we are talking a huge number of shares here. Do we know how many shares Henderson owned? Less than 3% though. Could these not have been drip fed into the market over a period of a month..... or a few months? Given the number of shares it might have looked like PI trades. I just can't tell but perhaps you can. I guess I am also unconvinced by the pre-arranged buy out argument. It implies an awful lot of manipulation and deceit on the part of the company and major shareholders IMVHO, and if I have understood you correctly all of whom might be subject to legal sanction if discovered. It makes sense to me that JJB might pay a small sum to grab JJB some time close to potential administration but 40p now implies a market cap over £100m. The fact that the last placing price was 40p is barely relevant I think. Absolutely noone in business is going to pay over £100m for a company which is likely to go bust without a seriously compelling strategic reason (like IAG buying BMI for its Heathrow slots), which I don't see here. So having written all this I would say the most likely "game" afoot is the one that is out in the open. JJB, its managers and sharholders are here because they want to take a stab at turning this business around and making it sustainably profitable. That is what they have said they are doing and I can still see no compelling evidence to suggest the need for a deeper theory. Listen to what the company is telling us..... I have heard that somewhere before. Might be worth trying now!? ;-) IMVHO. WTFDIK More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Tue 07:06	Jan retail sales "returned to reality"	Duck and Dive


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http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9064556/Shoppers-cut-back-in-January-after-Christmas-splurge.html More View thread 1 Respond Login to Vote up
Tue 01:21	Re: This Week.,..	Young Maverick


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Hey BB, yes i exited SPD with a 15% profit on top of my investment about a month ago. I used the funds to buy more into JJB. Nonetheless there is still a lot of money to be made in SPD and I can see 300p this year but Mike Ashley does worry me at times and hence I thought best to take profit and reinvest in a riskier share that may give me 100%+ return; namely JJB. I dont know what JJB are upto to be honest guys....there a lot of potential theories - all I know is that the sooner the SP lifts to 20p+ I will be a very very happy man. More View thread 23 Respond Login to Vote up
Mon 22:43	Re: This Week.,..	here and now


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LOL basket case More View thread 23 Respond Login to Vote up
Mon 22:39	Re: This Week.,..	Duck and Dive


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No. More View thread 23 Respond Login to Vote up
Mon 20:20	Re: This Week.,..	BoyBlunder1


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Duck, Do you suppose the real value here for all share holders is further down the road? Maybe when they have dumped all of the loss making stores, shifted the dead stock in the warehouse, managed to get the GM to around 45% and settled it at that level. I just think they may alse need to get the web sales up to a more releastic level too. If they only really started pumping money in to SEO, the real upside of this could take c12 months. I think everything is going well, but as usual never quicker enough for me. As for SD selling salt etc, you have to remember many of their customers will be part of or running clubs where they are required to source such a product, so imo, clever marketing and also more sales and profit to the bottom line. YM, do I take it you have now exited SD? imo More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Mon 19:50	Re: This Week.,..	Duck and Dive	1


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All other considerations aside, the logical floor for the SP after the second POO was 40p. There was no notably bad news subsequent to the POO to cause the SP to fall and valuation is based on supply and demand so if 90% of the shares are sold for, say, 40p, the other 10% must be worth around the same. In short, and remembering that the SP had already fallen dramatically to 40p (4p in old money) to reflect the parlous state of the business, there was no logical reason for it to then fall another 85% when there was cash in the bank, no debt and the prospect of a bright Olympic trading year. Arguably, the big owners wanted to get all the small shareholders to dump their shares so that they could hoover up the remaining 10% - although I don't see much logic in this scenario. Arguably, they wanted to prove to the landlords, for a period at least, that life was really as tough as they made out in their doom-laden CVA prospectus - and I think there could be some logic in that since relations with the landlords will remain key whether JJB keep the business or sell it. But most likely, imho, is that the big IIs pre-agreed a sale of the business before they put their millions into the POO and simply had to hold on for long enough to convince the landlords and regulators that the CVA and POO were honest, legitimate manoeuvres. About a year of not much in the way of good news would do that. Meanwhile, they also would need to ensure that the SP remained at a level below the pre-agreed takeover price so that the deal could eventually be done according to the agreement. That agreed price could be anything which gives Invesco a profit, even 45p but probably 50p so that the previous round of fundraising at least wiped its nose. You may ask why the long-term IIs would settle for 50p which would represent a sizeable loss on their aggregate investment over time. But when the alternative is liquidation and 0p, 50p seems worth having. The move up from 5p to 15p, and back to 11p, would be the first step in bringing the SP back up to a level where a 45-50p takeover bid wouldn't be laughable. If that is the case, there should be one or two further managed steps up to get the SP to around 30p before the bid is miraculously tabled. Time will tell. Good game. More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Mon 19:16	Re: This Week.,..	The Millipede


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"There is no doubt in my mind that the fall to 5p was managed and was not a reflection of selling pressure." Thanks Duck - but if what you say above is true I have two questions: (1) Why would anyone, least of all the large investors, want the share price down at 5p? (2) Assuming they did (want the share price at 5p) are they now rather upset with UBS for buying and sending us back to 11p? YM - I think it is worth bearing in mind that, if the large investors wanted the share price to rise, there is an easy peasy way for them to achieve it: (attempt to) buy millions of shares in the open market. The fact that they haven't done this (when in fact Crystal Amber and Harris have both done it before) suggests to me they do not care about the share price at the moment. I completely agree with you about Sports Direct: they are an utterly rubbish shop. The RyanAir of the high street. A complete abomination and if our fellow consumers had any dignity about them they would ditch both companies for more customer friendly alternatives. Naturally, WTFDIK More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Mon 18:53	Re: This Week.,..	Duck and Dive


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"why havent they released an update for Jan trading if the plan is to push the SP up?" ----- Lots of possible answers, YM, including: 1. January trading was so good that the news would push the SP way above the level they want it at (not very likely). 2. January trading was good enough to boost the SP but they are picking their moment (also not very likely imho). 3. January trading was disappointing, in which case they have shelved the update and will rely on some other managed news to push the SP up to 20p+ and a level from where an acceptable t/o offer can be realistically tabled (more likely imho). @TM - I think your rationale is too simple. For starters, Henderson didn't sell on the open market. We were all watching the daily trades while the SP was falling and a) there weren't many and b) if anything there were more buys than sells. So presumably Henderson did an off-exchange transaction with another party who was happy to buy their shares - the net effect of which on the SP would have been zilch. But the new owners haven't declared their holding so the volume must have been relatively small. There is no doubt in my mind that the fall to 5p was managed and was not a reflection of selling pressure. We just have to wait for the next move -- which will come immediately after a fall in the SP imho. Good game. More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Mon 17:26	This is why there is room for JJB in the...	Young Maverick


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Sports Direct will sell everything and anything. Serious about sport? I think NOT. http://www.sportsdirect.com/winter-white-de-icing-salt-900084?src=sd-main-r2-winter-120204 More View thread 1 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Mon 17:13	Re: This Week.,..	Young Maverick


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According to LSE Trades there were three buy corrections; -12,000, -18,000, -6098.... ? What is this all about? There were corrected sells the other day.... Is this just a site error in deciphering buys/sells or are they buys/sells where the order could not be filled. I dont get it! Another question; the circa 30,000 buy showing at 16.50 - on LSE it says 'bargain conditions apply' in the comments. Any idea what this means anyone? Cheers - It is peculiar how there are sometimes buys v late in the day. More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Mon 17:03	Re: This Week.,..	Young Maverick


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P.S - It is eerily quiet on LSE lol! If there is no news in the month of Feb then I have to admit that I have guessed this game wrong in terms of timing not the actual share potential. More View thread 23 Respond Login to Vote up
Mon 16:58	Re: This Week.,..	Young Maverick


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Only question I have is why havent they released an update for Jan trading if the plan is to push the SP up? It hasnt fallen back to 5p as there is still buying when selling takes place. More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Mon 15:29	Re: This Week.,..	The Millipede


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"The only question worth ruminating on is why the SP hasn't fallen back to 5p." Starting from the assumption that the behaviour of PIs isn't influencing the share price much at all..... how about Henderson selling sent the price down to 5p, UBS buying sent it back up to 10p? My question is: if there are no big buyers or sellers why would we expect the price to move at all? Duck - You are likely to have a more sensible view than mine. What are your thoughts? More View thread 23 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Sun 22:53	Re: This Week.,..	Duck and Dive


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YM, yet again you ask the superficial, pointless question since it doesn't matter a fig what the SP does this week. The only question worth ruminating on is why the SP hasn't fallen back to 5p. More View thread 23 Respond Login to Vote up
Sun 22:36	This Week.,..	Young Maverick


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I wonder what lies in store for the next chapter of the game this week... More Consolidation? Or the all awaited SP lift? Will we be sitting at 11p approx close friday? More View thread 23 Respond Login to Vote up
Sat 10:43	Re: data this week..	Duck and Dive


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JJB can indeed trade in their own shares -- and so, of course, can any of the major shareholders. Good game. More View thread 4 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Sat 10:17	Re: data this week..	Young Maverick


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Wow. I see... now that would be something. JJB board are allowed to buy and sell in their own shares right by AIM rules? More View thread 4 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Sat 00:18	Re: data this week..	Duck and Dive


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"cancelled sells?" ----- Good game. Keeps the SP just where they want it. More View thread 4 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Sat 00:12	data this week..	Young Maverick


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Tuesday sees the British Retail Consortium (BRC) release its January retail sales monitor. December's BRC survey was strong, with like-for-like sales rising by 2.2% year-on-year, while total sales values were 4.1% up. "However, the figures were distorted upwards by two principal factors, namely an easy comparative period because of snow in December 2010, and an extra shopping Saturday before Christmas," stated Philip Shaw, economist at Investec. He took the view that January's numbers will be "significantly weaker" and expects like-for-like sales to have dropped by 1%. Additionally, Howard Archer, chief UK and European economist at IHS Global Insight, pointed out the Confederation of British Industry's (CBI) distributive trades survey for January, which showed that the balance of retailers reporting sales up year-on-year plunged to a 34-month low of -22% in January. PS - what was going on with the buys/sells today? cancelled sells? More View thread 4 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Fri 13:29	Re: Can't understand who is selling	The Millipede


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YM - Wow I admire your optimism. I am not selling but I certainly won't claim to know that something good is coming. I certainly think the trading update provided a rare glimmer of hope and that this might well be the start of a proper turnaround..... but I might be wrong and I might lose the lot. It is only money so I don't mind. Also don't forget if nobody sells then nobody can buy and there is no market! Duck - Like your list. I suppose there might be a few shorters too! :-0 More View thread 3 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Fri 12:34	Re: Can't understand who is selling	Duck and Dive	1


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1. Shareholders who have died 2. Shareholders who have gone bankrupt 3. Shareholders who need cash to pay bills 4. Shareholders who have made a profit 5. Shareholders who think the SP will go down 6. Shareholders who want to move their cash into the next "sure thing" 7. Shareholders who were holding for a January trading update 8. Shareholders who have grown bored with the game. I think that should cover most of the £10k of sales we've seen today. Good game. More View thread 3 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Fri 11:46	Can't understand who is selling	Young Maverick


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I can understand the buys now, but who is selling? Surely all PI's and investors must know that there is something good coming? Is it not bleeding obvious? Why are they lettiing their shares being mopped up... It seems the RNS I awaited this week has not come.... but I can feel it in my bones that it is soon coming...and what a sweet day that shall be. More View thread 3 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Thu 19:49	Re: Did Henderson bale out too soon?	The Millipede


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Probably my eyesight playing up again Duck. Having said that I am sure there were more sells when I looked earlier in the day...... who knows. (I know you can't trust the label anyway.) More View thread 17 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Thu 14:56	Re: Did Henderson bale out too soon?	Young Maverick


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It is funny how the lot on LSE have been so serious about their little competition. Lol. Oh well they are only having fun. Ah well Im not predicting any SP's but that RNS has to be coming soon. It seems the play on the SP and buys and sells is reaching the end of the game now. More View thread 17 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
Thu 13:27	Re: Did Henderson bale out too soon?	Duck and Dive


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The pointless/space-devouring SP prediction game is guaranteed to stop me reading any board but I must be watching a different channel, TM, as I only see signs of buying today. Manipulated buys, of course with the SP held down to accommodate whoever is mopping up. Plenty more fun to come here, possibly today -- and I wouldn't rule out a little treeshake if it's a prelude to an SP rise next week. Good game. More View thread 17 Respond Login to Vote up
Thu 11:06	Re: Did Henderson bale out too soon?	The Millipede


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Agreed. It is hard to know (although perhaps I am overly sceptical of journalists) but the verifiable fact in the piece is presumably that Henderson's year end is end of October. I don't know how fund managers are likely to make their decisios or when in relation to the year end they might decide a change in strategy. Or even whether selling in November was a conclusion the writer came to rather than a reported fact. Well having analysed that to death I guess I can come to the following conclusion: who gives a stuff? Anyway I am rather enjoying the fact that the winner of LSE's share price competition for end of today is the only chap who predicted a fall. I imagine, since no RNS was forthcoming, that some people are selling out! Ho Ho. More View thread 17 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
02-02-12	Re: Did Henderson bale out too soon?	Duck and Dive


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"how much of the fall from 20p was down to Henderson selling out?" ----- Not the first 10p if they sold in November, as claimed. But could certainly have been the main factor in the last part of the fall. They didn't hold many shares but with the small float, it doesn't take many... Good game. More View thread 17 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
01-02-12	Re: Did Henderson bale out too soon?	The Millipede


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"bit still playing the waiting game..." This is all we can do YM. The only person who seems to have a clue what might happen is Duck - although one of the clever chaps over on LSE seems convinced there will be a stellar RNS tomorrow..... so perhaps the wait is almost over! Lol. Almost nobody is trading these at all. Wonder if there are other institutions waiting for the right moment to buy....? Wonder how much of the fall from 20p was down to Henderson selling out? But still, as Popes says, getting back to 20p might be hard. I might take a peek at 7am just in case but then I think it's back to sleep. zzzzzzzzz More View thread 17 Respond Login to Vote up New enhanced Spread Betting platform. Find out more.
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