Christmas Tree 4865 Posted September 9, 2009 Share Posted September 9, 2009 LONDON (Reuters) - Britain's biggest sporting goods retailer, Sports Direct (SPD.L), raised its full-year profit forecast after a strong start to the year. The firm, 71 percent owned by billionaire Mike Ashley, said on Wednesday it now expected to achieve underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of "at least" 150 million pounds in the year to end-April 2010. This compares with a previous forecast of "at least" 140 million pounds and the 137 million pounds made in the previous year. Sports Direct, which owns Sports World and Lillywhites stores as well as brands such as Slazenger, Lonsdale and Dunlop, said revenue increased 10 percent to 375 million pounds in the 13 weeks to July 26, with group profit up 4.7 percent to 157 million pounds. "Since the end of July, trading has continued to be ahead of last year and we are very comfortable with our expectation of reducing net debt to below 400 million pounds," said chief executive Dave Forsey. Shares in Sports Direct, which floated at 300 pence in 2007, have risen by 82 percent over the last six months on recovery hopes, outperforming the UK general retailers index by 19 percent. The stock closed at 114 pence on Tuesday, valuing the business at 657 million pounds. His business is back on the up which will probably make him more bullish with us. Link to comment Share on other sites More sharing options...
snakehips 0 Posted September 9, 2009 Share Posted September 9, 2009 LONDON (Reuters) - Britain's biggest sporting goods retailer, Sports Direct (SPD.L), raised its full-year profit forecast after a strong start to the year. The firm, 71 percent owned by billionaire Mike Ashley, said on Wednesday it now expected to achieve underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of "at least" 150 million pounds in the year to end-April 2010. This compares with a previous forecast of "at least" 140 million pounds and the 137 million pounds made in the previous year. Sports Direct, which owns Sports World and Lillywhites stores as well as brands such as Slazenger, Lonsdale and Dunlop, said revenue increased 10 percent to 375 million pounds in the 13 weeks to July 26, with group profit up 4.7 percent to 157 million pounds. "Since the end of July, trading has continued to be ahead of last year and we are very comfortable with our expectation of reducing net debt to below 400 million pounds," said chief executive Dave Forsey. Shares in Sports Direct, which floated at 300 pence in 2007, have risen by 82 percent over the last six months on recovery hopes, outperforming the UK general retailers index by 19 percent. The stock closed at 114 pence on Tuesday, valuing the business at 657 million pounds. His business is back on the up which will probably make him more bullish with us. It wouldn't surprise me if the thick mackems were all flocking to his stores in the belief it would be pissing us off. Link to comment Share on other sites More sharing options...
2bias 3 Posted September 9, 2009 Share Posted September 9, 2009 LONDON (Reuters) - Britain's biggest sporting goods retailer, Sports Direct (SPD.L), raised its full-year profit forecast after a strong start to the year. The firm, 71 percent owned by billionaire Mike Ashley, said on Wednesday it now expected to achieve underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of "at least" 150 million pounds in the year to end-April 2010. This compares with a previous forecast of "at least" 140 million pounds and the 137 million pounds made in the previous year. Sports Direct, which owns Sports World and Lillywhites stores as well as brands such as Slazenger, Lonsdale and Dunlop, said revenue increased 10 percent to 375 million pounds in the 13 weeks to July 26, with group profit up 4.7 percent to 157 million pounds. "Since the end of July, trading has continued to be ahead of last year and we are very comfortable with our expectation of reducing net debt to below 400 million pounds," said chief executive Dave Forsey. Shares in Sports Direct, which floated at 300 pence in 2007, have risen by 82 percent over the last six months on recovery hopes, outperforming the UK general retailers index by 19 percent. The stock closed at 114 pence on Tuesday, valuing the business at 657 million pounds. His business is back on the up which will probably make him more bullish with us. It wouldn't surprise me if the thick mackems were all flocking to his stores in the belief it would be pissing us off. LOL Link to comment Share on other sites More sharing options...
Guest alex Posted September 9, 2009 Share Posted September 9, 2009 LONDON (Reuters) - Britain's biggest sporting goods retailer, Sports Direct (SPD.L), raised its full-year profit forecast after a strong start to the year. The firm, 71 percent owned by billionaire Mike Ashley, said on Wednesday it now expected to achieve underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of "at least" 150 million pounds in the year to end-April 2010. This compares with a previous forecast of "at least" 140 million pounds and the 137 million pounds made in the previous year. Sports Direct, which owns Sports World and Lillywhites stores as well as brands such as Slazenger, Lonsdale and Dunlop, said revenue increased 10 percent to 375 million pounds in the 13 weeks to July 26, with group profit up 4.7 percent to 157 million pounds. "Since the end of July, trading has continued to be ahead of last year and we are very comfortable with our expectation of reducing net debt to below 400 million pounds," said chief executive Dave Forsey. Shares in Sports Direct, which floated at 300 pence in 2007, have risen by 82 percent over the last six months on recovery hopes, outperforming the UK general retailers index by 19 percent. The stock closed at 114 pence on Tuesday, valuing the business at 657 million pounds. His business is back on the up which will probably make him more bullish with us. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted September 9, 2009 Share Posted September 9, 2009 Still 60p lower than when he bought us. Link to comment Share on other sites More sharing options...
Christmas Tree 4865 Posted September 9, 2009 Author Share Posted September 9, 2009 Still 60p lower than when he bought us. Forget that, the fact his shares have risen 82% and more importantly that he is outperforming the UK general retailers index by 19 percent will be making the city boys grovel at his feet. This will be more important to his ego than the actual share price as he will (rightly so) be expecting the share price to continue upward. Where as a year ago he may have been having serious concerns about his wealth collapsing, these results have put an end to that, make no mistake. He will be even more cock sure and it wouldnt surprise me one bit if this manifests itself in some way at NUFC over the coming weeks. Link to comment Share on other sites More sharing options...
Guest alex Posted September 9, 2009 Share Posted September 9, 2009 Still 60p lower than when he bought us. Forget that, the fact his shares have risen 82% and more importantly that he is outperforming the UK general retailers index by 19 percent will be making the city boys grovel at his feet. This will be more important to his ego than the actual share price as he will (rightly so) be expecting the share price to continue upward. Where as a year ago he may have been having serious concerns about his wealth collapsing, these results have put an end to that, make no mistake. He will be even more cock sure and it wouldnt surprise me one bit if this manifests itself in some way at NUFC over the coming weeks. Hughton appointed by the end of the month? Link to comment Share on other sites More sharing options...
The Fish 10978 Posted September 9, 2009 Share Posted September 9, 2009 Still 60p lower than when he bought us. Forget that, the fact his shares have risen 82% and more importantly that he is outperforming the UK general retailers index by 19 percent will be making the city boys grovel at his feet. This will be more important to his ego than the actual share price as he will (rightly so) be expecting the share price to continue upward. Where as a year ago he may have been having serious concerns about his wealth collapsing, these results have put an end to that, make no mistake. He will be even more cock sure and it wouldnt surprise me one bit if this manifests itself in some way at NUFC over the coming weeks. Hughton appointed by the end of the month? End of the week. Shirley. Link to comment Share on other sites More sharing options...
Guest alex Posted September 9, 2009 Share Posted September 9, 2009 Still 60p lower than when he bought us. Forget that, the fact his shares have risen 82% and more importantly that he is outperforming the UK general retailers index by 19 percent will be making the city boys grovel at his feet. This will be more important to his ego than the actual share price as he will (rightly so) be expecting the share price to continue upward. Where as a year ago he may have been having serious concerns about his wealth collapsing, these results have put an end to that, make no mistake. He will be even more cock sure and it wouldnt surprise me one bit if this manifests itself in some way at NUFC over the coming weeks. Hughton appointed by the end of the month? End of the week. Shirley. Well, he said in the coming weeks. Because that would make sense, you know? Well after the window has closed. And it's not like this is news to Ashley, the shares have been going up over several months and I'd guess he would have been privy to what to expect in the forecast. And don't call me Shirley. Link to comment Share on other sites More sharing options...
Giraffidae 0 Posted September 9, 2009 Share Posted September 9, 2009 he’ll be even more cocky once England have qualified for the World Cup, sportswear retailers expect a huge boom in sales before, during an after a world cup. Last time he did a shares sale was after posting huge increase in business after a world cup year and laughed at the city investors who didn’t realise that it was a ‘spike’ due to the World Cup only and wasn’t going to be repeated every year. The share value plummeted and he bought the shares back for buttons. Link to comment Share on other sites More sharing options...
blackandwhiteboy 0 Posted September 9, 2009 Share Posted September 9, 2009 Well if he's doing a bit better there, then he should have a bit more money to put into the club. I'm not holding my breath but if he isn't going to sell up, the least he can do is sign a couple of players or hire a permanent manager. Link to comment Share on other sites More sharing options...
Guest alex Posted September 9, 2009 Share Posted September 9, 2009 I'm sure he can do less than that if he puts his mind to it. Can't see any new faces on permanent deals until next summer at the earliest. Link to comment Share on other sites More sharing options...
The Fish 10978 Posted September 9, 2009 Share Posted September 9, 2009 There's no way he's going to spend any of that money, he's going to pay down his own debt and leave the club to fend for itself until he can sell if for something like his valuation of it. All the whle he'll be telling us that he's looking for a buyer and his hands are tied until he finds one. Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted September 9, 2009 Share Posted September 9, 2009 Still 60p lower than when he bought us. Indeed, its postive news* but doubt it will change anything. *in the sense that anything that make the owner richer, cant harm us. Can it??? Link to comment Share on other sites More sharing options...
NJS 4418 Posted September 10, 2009 Share Posted September 10, 2009 I would love it if the cunt was jailed...... SD/JJB Fraud enqury Link to comment Share on other sites More sharing options...
Geordiejihad 0 Posted September 10, 2009 Share Posted September 10, 2009 I would love it if the cunt was jailed...... SD/JJB Fraud enqury BUMP : ) Be some bullfruit queer waiting for him in the showers at Durham , ready to tear him a new one : ) Link to comment Share on other sites More sharing options...
Geordiejihad 0 Posted September 10, 2009 Share Posted September 10, 2009 Hi Mike , time to meet the "Toss my salad " man : ) Link to comment Share on other sites More sharing options...
Geordiejihad 0 Posted September 10, 2009 Share Posted September 10, 2009 Ashley , gang fucked by a bunch of viscious criminals , that would make for a very happy Xmas : ) Link to comment Share on other sites More sharing options...
TheMoog 0 Posted September 10, 2009 Share Posted September 10, 2009 Ashley , gang fucked by a bunch of viscious criminals , that would make for a very happy Xmas : ) Too right, that'd be happy days! Knowing our luck though he'll use it as another excuse not to sell us... Link to comment Share on other sites More sharing options...
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