I've a dilemma. I like JJB but should I use the buy back opportunity as a chance to get out?

Talking to banks dont like the sound of it.

are there not mumblings of a t/o, or was that a couple of diff companies?

I read the Sunday papers said the banks were calling in consultants took it as a bad sign.

Heading to ruin today.

JJB very likely to follow the footsteps of Woolworths....



Shares in JJB Sports fall 22.2 percent to 6.03 pence after investment bank Goldman Sachs cuts its target price to 0.9 pence from 37 pence after the struggling sportswear retailer last week said it would only meet profit forecasts if it trades well in January.

'Other brokers have cut their price targets on JJB recently and the company's outlook is pretty poor. Poor sales figures last week have compounded the gloom as well,' traders say.

Citigroup and Altium Securities cut their price targets on British sportswear retailer JJB Sports Plc and recommended that investors sell the shares.

Citigroup cut its price target on JJB Sports to 1 pence from 20 pence, saying current trade was deteriorating and the lifestyle division was losing money.

'JJB's fate seems to be in the hands of their lending banks, a predicament that could leave the shareholders with little equity value,' Citigroup analyst Ben Spruntulis said in a research note.

'A lot now hinges on the value that can be achieved from the disposal of the leisure division,' the brokerage said.

Altium cut its price target on the stock to 8 pence from 10 pence.

'Given the lack of clarity on the profit outlook and the negotiations with the banks, we cannot justify holding the shares,' Altium analyst David Stoddart said in a note.