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

Well as they were 285p but went to 320p I hope you sold somewhere around then.
However they now look a buy at 182p IMHO. Will current low valuation reignite take-over action? Someone must be interested at this level surely?

Divi also at 5.5% now. Mmmm.

latest net asset value is 148p, and there is no debt. If a bid comes from outside, the large Whelan shareholding will have to be tempted to accept, otherwise it won't happen. Equally if there is no outside bid, at this price he may be tempted to take it private himself. We shall see - but with no debt and the lowest pe for similar size (or bigger) market cap retailer, and a reasonable dividend (which is well covered)there OUGHT to be some upside. Short term much depends on the Xmas trading statements for both JJB and others on the high street, but I would have thought that this was as good a bet as anything, for the reasons given earlier.

Any other thoughts?? DYOR as always....

JJB profit warning - MoneyAM


JJB Sports warned its first half net pretax will be about 8m, 3.5m lower than original expectations.

The group said trading in 6 weeks to September 9th is broadly similar to year ago.

The company said it sees revenue for 26 weeks to end-July 4.3% lower than last year.

It attributed the decrease in revenue to the tough comparatives set by the 2006 World Cup.

JJB said it now anticipates to open 9 combined health clubs/superstores during the current accounting period and up to 14 during the next accounting period of 2008/09.

In reaction, Landsbanki said with sales not too far adrift of expectations, and gross margins better than it had allowed, the variance appears to arise in the cost lines, begging the question: what happened to cause that? It retained its 'reduce' advice.

The broker thought that it might be linked to the costs of introducing Nike and Adidas stores within JJB's outlets, a strategy that is now under review.

Elsewhere, Seymour Pierce said it was maintaining an unenthusiastic 'hold' recommendation.

If this company wants to recover its share price to what it was a year ago then it needs to help its gym and spa work force learn about customer relations at the very least. If the managers keep an eye on the individual locations then they would know the impression customers get when they walk through the door. I enjoy going to my local but the staff really need to raise their game.

JJB has been a real disaster

New low again...22.5p

This is doing rather well considering the markets turmoil today.

A buy again in my view.

heading back .

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.