With the new directors in place, looks like JJB might recover?

Bullish article here.....

http://menmedia.co.uk/news/business/s/1294215_jjb_scores_sales_boost_despite_world_cup_washout

Bounced back up again intraday.

Brokers now getting on side with recent Buy analysis, from Hemscott Premium....

JJB Sports PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Singer Capital Markets Ltd
08-07-10 FAIR -21.00 -3.20 3.00 0.50

Panmure Gordon
08-07-10 BUY -18.10 -1.99 14.80 1.61

Numis Securities Ltd
08-07-10 BUY -20.20 -2.20 15.60 1.70

Buy note out late yesterday........

JJB Sports PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
12-07-10 BUY -18.10 -1.99 14.80 1.6

Well we are over 9.5p so we must be going in the right direction.........

JJB Sports ST: the RSI is oversold
11 Oct 2010 - 04:45

Click here to see our chart:
http://www.tradingcentral.com/chart/JJBGBp101011054411.gif
9.5 is our pivot point.
Our preference: the downside prevails as long as 9.5 is resistance.
Alternative scenario: the upside breakout of 9.5 would call for 10.5 and 11.
Comment: the RSI is trading below 30. This could mean that either the stock is
in a lasting downtrend or just oversold and that therefore a rebound could
shape (look for bullish divergence in this case). The MACD is negative and
below its signal line. The configuration is negative. Moreover, the share
stands below its 20 and 50 day MA (standing respectively at 9.86 and 11.41).
Supports and resistances:
10.5 *
9.5 **
9.25
8.5 last
7.25
6.5 **
6 *
---
TRADING CENTRAL is a commentary service specialising in technical analysis.
For sales enquiries please call your Reuters account manager or TRADING
Central
by phone: New York (1) 212 812 2400 Ext 29, London +44 (0) 207 429 3980 or
Paris (+33) 1 5528 8040

Latest Broker figures for JJB which suprised me as the Brokers have obviously seen a bottom here and are bullish on a turn up........

JJB Sports PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
11-10-10 BUY -33.00 -4.99 1.09 0.12
Investec Securities
08-10-10 HOLD -36.96 -4.08 1.00 0.12
Numis Securities Ltd
06-10-10 BUY -29.40 -3.26 1.10 0.12

Date Broker name New Price Old price target New price target Broker change

28-Sep-10 Panmure Gordon Buy 9.40p 25.00p 18.00p


18p SP target for broker Panmure Gordon.

Post by pro TAer Zak Mir this morning.........

Zak Mir



Reged: 28/06/07
Posts: 1430
Re: JJB Sports PLC (JJB.L) [
#471263 - 12/10/10 09:20 AM Edit Reply Quote



At 10p JJB is a call option, and as long as it is not going bust, something which requires a lot of effort even these days, while above June's 8.45p low the upside for the shares should be well into the teens by the end of the year.

Post Extras:

From the "UPS" short term

JJB 9.57p ( 9.50 / 9.64p )

Reason : Moving higher since yesterday from a very large retracement. Some large trade are appearing on the ticker as the volume is good. Slow stochastic is bouncing from the oversold position, is allways the first Indicator to give the signal

a strong finish bodes well for tomorrow as the momentum is building

a higher volume is positive on the way up

JJB Sports plc
29th October 2010
Conclusion of FSA investigation

JJB Sports plc (the "Company") announces the conclusion of an investigation by the Financial Services Authority ("FSA") into the Company's historic compliance with the Disclosure and Transparency Rules in the lead up to the release of the Group's interim results on 26 September 2008, more than two years ago and prior to the Company's restructuring.
‪ ‪The matter will be concluded with the imposition of a financial penalty of 455,000 which will be payable in 2011 on a date or dates to be determined. Full details will be published by the FSA following the completion of relevant regulatory processes, at which point the Company will comment further on the matter and its views as to the level of penalty imposed. No further information can be provided at this time. No further investigations into the Company by the FSA are ongoing, and the Company welcomes the finality brought by the conclusion of this investigation.

Very poor performing share... JJB.
BUY forecast by Numis and Panmure Gordon last month were all rubbish.

Zak Mir is also taking through his a**e.

The days when David Whelan ran the show are long gone.

4-5p next week.

Closed my short here for a profit.

Second day of bouncing back and finishing at best of the day.

The MACD is negative and below its signal line but is now turning up and looking for a bullish divergence to come soon. Well oversold

JJB Sports will be forced to seek fresh funding after admitting yesterday that it was on course to breach the rules attached to its bank loan after trading worsened. The struggling sportswear retailer, which has been in distress since a disastrous trading update two years ago, said yesterday that it was talking to Bank of Scotland, the Lloyds Banking Group subsidiary, after it became clear it would break its banking covenants when they are next tested in January, the Times reports.

It certainly is a stock where an appetite for risk is required.

t/o talk around 15p minimum to 40p max - gla!!!

lol & kerchinnnnnnnnnnnnnngggggggggggggggg soon!! today just a taster so far!!
Looking through the prospectus, Crystal Amber have been granted a waiver on rule 9 of the takeover code following a 30% shareholding. Harris associates on the other hand have not applied for such permission. As such there could be an offer coming from Harris following the placing if they exceed 30%.... which they probably will if they exercise the warrants from 21st Feb onwards. Exciting stuff.... keep it rolling.