Matt Posted January 8, 2016 Share Posted January 8, 2016 How many shares does he have? Wondering how much he is down since the start of December. SD peaked in August at 815p a share and is down around 46% since then. Ashley's holding (assuming its been constant at 55%) has fallen in value from about £2.68bn to £1.43bn, so that's a cool £1.25bn off his stake. By comparison, the FTSE100 is down 11% in the same period. A bit like the fans at NUFC, a lot of shareholders do not like the way he runs the business- some are vocal about it and others keep quiet as long as results are on track. But when things aren't performing, all those governance issues (working practices at Shirebrook, USC, appointing his daughter's boyfriend etc) all come to the fore. Did you find out how many shares he owns? I calculated it as around 577m based on that Guardian article I linked which said he had sold 2,6% of his stake or 15,4m shares early last year. He sold a 2.6% stake rather than 2.6% of his stake. Google Finance (it's what all the pros use....) has total shares at 598m and latest reports show Ashley holds 330m shares, so revising my earlier number the pain today is about £255m. And I agree with Loveit above- if he bought a chunk of shares not only would it support the price, it would give confidence that he still believes that is business model is viable. Link to post Share on other sites More sharing options...
Unbelievable Posted January 8, 2016 Share Posted January 8, 2016 Down almost 16% today. Seriously, he could well be in trouble here. His worth is down today but he isn't going to suddenly sell all his shares today. He's more likely to buy shares in SD while they are relatively low (from their highest). That's what he's done in the past. Since buying NUFC his worth has gone from over £1BN, to less than £1BN, to over £3BN. Shares are long term investments. I doubt he's watching his share value on a day by day basis. Could be, but then, don't you need cash to buy shares? It might not lead to him selling up the club, but I'm pretty sure investing in the transfer window is the last thing on his mind right now, so this will definitely impact the club one way or another imo. Link to post Share on other sites More sharing options...
Unbelievable Posted January 8, 2016 Share Posted January 8, 2016 How many shares does he have? Wondering how much he is down since the start of December. SD peaked in August at 815p a share and is down around 46% since then. Ashley's holding (assuming its been constant at 55%) has fallen in value from about £2.68bn to £1.43bn, so that's a cool £1.25bn off his stake. By comparison, the FTSE100 is down 11% in the same period. A bit like the fans at NUFC, a lot of shareholders do not like the way he runs the business- some are vocal about it and others keep quiet as long as results are on track. But when things aren't performing, all those governance issues (working practices at Shirebrook, USC, appointing his daughter's boyfriend etc) all come to the fore. Did you find out how many shares he owns? I calculated it as around 577m based on that Guardian article I linked which said he had sold 2,6% of his stake or 15,4m shares early last year. He sold a 2.6% stake rather than 2.6% of his stake. Google Finance (it's what all the pros use....) has total shares at 598m and latest reports show Ashley holds 330m shares, so revising my earlier number the pain today is about £255m. And I agree with Loveit above- if he bought a chunk of shares not only would it support the price, it would give confidence that he still believes that is business model is viable. Understood. Cheers for clarifying. Link to post Share on other sites More sharing options...
Matt Posted January 8, 2016 Share Posted January 8, 2016 Shamelessly ripped from FT.com Splat. Shares in Sports Direct have extended losses, now standing some 13 per cent lower on the day, having earlier triggered a temporary trading suspension after the company issued a warning on profits. The company said earlier today that warm, soggy weather during the crucial festive trading season in December would likely result in lower full year profits – a common refrain among British high street retailers of late. Investors didn’t take it well, with the share price immediately dropping. A spokesman for the London Stock Exchange said the shares were halted for five minutes at 12:39pm UK time. That seems to have given traders enough time to have a cup of tea, and then do some more selling. Analysts at Peel Hunt are skeptical that the weather was the only factor behind Sports Direct’s decision to downgrade its full year profits forecast. They said in a note: Whilst the weather has been unhelpful, we believe that there are other major problems at play here. We have long had an issue with the range (too much own label, not enough high-quality branded product), and some mud from press articles/documentaries may have stuck to the brand. Given that we heard from the company only four weeks ago, things must have deteriorated quickly and we do not expect a swift bounce back from this for SPD [sports Direct]. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 8, 2016 Share Posted January 8, 2016 TBH I wouldn't see any reason for a quick recovery. That said, it's still worth a hell of a lot. Link to post Share on other sites More sharing options...
Unbelievable Posted January 8, 2016 Share Posted January 8, 2016 At risk of "being relegated from FTSE 100" according to this: http://www.standard.co.uk/business/sports-direct-issues-shock-profit-warning-after-deterioration-in-trading-conditions-a3151716.html We know that feel don't we Edit: if that were to happen I assume his share price would drop further as institutional investors who track the index would have to drop the shares? Link to post Share on other sites More sharing options...
Interpolic Posted January 8, 2016 Share Posted January 8, 2016 Oh the weather outside is unhelpful, but the news is so delightful. Since we all think you're a cunt, you're a cunt you're a cunt you're a cunt. Link to post Share on other sites More sharing options...
Unbelievable Posted January 8, 2016 Share Posted January 8, 2016 Oh the weather outside is unhelpful, but the news is so delightful. Since we all think you're a c***, you're a c*** you're a c*** you're a c***. Link to post Share on other sites More sharing options...
Varadi Posted January 8, 2016 Share Posted January 8, 2016 This is what we've been reduced to, hoping the fat cunt has a bad day as his shares are down a bit. Link to post Share on other sites More sharing options...
Unbelievable Posted January 8, 2016 Share Posted January 8, 2016 This is what we've been reduced to, hoping the fat c*** has a bad day as his shares are down a bit. True Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 8, 2016 Share Posted January 8, 2016 Poor guy's only going to make £380m profit! Link to post Share on other sites More sharing options...
Unbelievable Posted January 8, 2016 Share Posted January 8, 2016 http://www.theguardian.com/uk-news/2016/jan/08/couple-who-supplied-workers-to-sports-direct-charged-over-slavery Mike's not having a great day Link to post Share on other sites More sharing options...
Darth Crooks Posted January 8, 2016 Share Posted January 8, 2016 Really glad he's copping flak these days. Don't know what's taken so long. Link to post Share on other sites More sharing options...
Wallsendmag Posted January 8, 2016 Share Posted January 8, 2016 Doesn't he just end up buying more shares when there's a slump and then makes a killing further down the line? Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 8, 2016 Share Posted January 8, 2016 Quite possibly, but he needs the business to recover for that. Link to post Share on other sites More sharing options...
Unbelievable Posted January 8, 2016 Share Posted January 8, 2016 Plus he needs cash to buy shares with. Doubt he has stashes of cash just lying around. Of course, he could fire-sell us to the Dubai government and re-invest it in SD shares. Here's hoping. Link to post Share on other sites More sharing options...
Matt Posted January 8, 2016 Share Posted January 8, 2016 It's not outlandish to suggest that MA could look to take SD private again with the share price so depressed. He could probably do this without the need to sell NUFC if he could secure enough debt but if he could sell NUFC for a decent sum (and God knows what he'd want) that cash could be crucial in buying back the business and not having to worry about keeping debtholders happy. Link to post Share on other sites More sharing options...
Mistle17 Posted January 8, 2016 Share Posted January 8, 2016 So annoying he's not dead yet. Link to post Share on other sites More sharing options...
Guest antz1uk Posted January 8, 2016 Share Posted January 8, 2016 Oh the weather outside is unhelpful, but the news is so delightful. Since we all think you're a c***, you're a c*** you're a c*** you're a c***. :clap: :lol: Link to post Share on other sites More sharing options...
Unbelievable Posted January 8, 2016 Share Posted January 8, 2016 Out of FTSE 100 at current market capitalisation in March according to this: http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/12089022/Sports-Direct-issues-profit-warning-poor-Christmas-trading-blames-weather.html Link to post Share on other sites More sharing options...
Wullie Posted January 8, 2016 Share Posted January 8, 2016 Recovered quite a bit before the close. Link to post Share on other sites More sharing options...
Unbelievable Posted January 8, 2016 Share Posted January 8, 2016 I'm not a stock market specialist, but looks like someone bought 6m worth of shares directly after trading hours (?) and then half an hour later a much smaller transaction (12k worth) was done for some 9% more than the closing price. Looks a bit like manipulation to me, but maybe Matt or someone else can clarify. http://m.lse.co.uk/markets/shareprice/trades.asp?share=SPD Link to post Share on other sites More sharing options...
sempuki Posted January 8, 2016 Share Posted January 8, 2016 Excellent news. Link to post Share on other sites More sharing options...
Mattoon Posted January 8, 2016 Share Posted January 8, 2016 I'm not a stock market specialist, but looks like someone bought 6m worth of shares directly after trading hours (?) and then half an hour later a much smaller transaction (12k worth) was done for some 9% more than the closing price. Looks a bit like manipulation to me, but maybe Matt or someone else can clarify. http://m.lse.co.uk/markets/shareprice/trades.asp?share=SPD Looks like 47k of shares bought at an inflated price too? Link to post Share on other sites More sharing options...
quayside Posted January 8, 2016 Share Posted January 8, 2016 I'm not a stock market specialist, but looks like someone bought 6m worth of shares directly after trading hours (?) and then half an hour later a much smaller transaction (12k worth) was done for some 9% more than the closing price. Looks a bit like manipulation to me, but maybe Matt or someone else can clarify. http://m.lse.co.uk/markets/shareprice/trades.asp?share=SPD Looks like 47k of shares bought at an inflated price too? The £6 million trade was what is called an uncrossing trade. I am not an expert on this but as I understand it an uncrossing trade is an adjusting trade that is put through at the end of the day to balance the trading book up, it isn't a trade where someone actually pays money for the shares. The £47k trade could be at that price (£4.58) because it was a big buy and it took some time to complete the transaction, so the order to buy could have been placed earlier today or even yesterday when the price was higher. Link to post Share on other sites More sharing options...
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