GeordieDazzler Posted July 19, 2018 Share Posted July 19, 2018 Link to post Share on other sites More sharing options...
mrmojorisin75 Posted July 19, 2018 Share Posted July 19, 2018 fucking hell Link to post Share on other sites More sharing options...
Rich Posted July 19, 2018 Share Posted July 19, 2018 Heh Link to post Share on other sites More sharing options...
r0cafella Posted July 19, 2018 Share Posted July 19, 2018 It’s due to the bad investment in Debenhams mainly. Actually means he can buy more shares at a lower cost as no doubt the share price will drop as a result of this. Link to post Share on other sites More sharing options...
Rich Posted July 19, 2018 Share Posted July 19, 2018 It’s due to the bad investment in Debenhams mainly. Actually means he can buy more shares at a lower cost as no doubt the share price will drop as a result of this. But he still has to then turn the fortunes of the business around, right? Debenhams is on its arse. Link to post Share on other sites More sharing options...
r0cafella Posted July 19, 2018 Share Posted July 19, 2018 For sure, I think Debenhams is practically done which will mean another write off/down for SD which would in theory lower the share price for SD and the cycle continues. Correct me if I’m wrong but the Debenhams investment is under sports direct and not him personally? Link to post Share on other sites More sharing options...
Rich Posted July 19, 2018 Share Posted July 19, 2018 Also interesting to note that all the pre-report press was forecasting good news. Strange, that. Link to post Share on other sites More sharing options...
Rich Posted July 19, 2018 Share Posted July 19, 2018 For sure, I think Debenhams is practically done which will mean another write off/down for SD which would in theory lower the share price for SD and the cycle continues. Correct me if I’m wrong but the Debenhams investment is under sports direct and not him personally? SD, yeah. Link to post Share on other sites More sharing options...
r0cafella Posted July 19, 2018 Share Posted July 19, 2018 So this can be a win for him, sure he incurs a paper loss in net worth terms but if he were to buy up more shares at a lower price and sports direct recovers his net worth will be up. Of course he has to navigate insider trading rules etc Link to post Share on other sites More sharing options...
Rich Posted July 19, 2018 Share Posted July 19, 2018 So this can be a win for him, sure he incurs a paper loss in net worth terms but if he were to buy up more shares at a lower price and sports direct recovers his net worth will be up. Of course he has to navigate insider trading rules etc Seems like SD still turns a pretty penny (for shame, those of you that shop there), but it’s nice to see his plans for Debenhams and HoF go tits up, if nothing else. Can’t be good for the ego/reputation. Link to post Share on other sites More sharing options...
r0cafella Posted July 19, 2018 Share Posted July 19, 2018 That depends the share price is down 5% already, should he buy a few and the price jumps he makes a profit, with further impairments to come from both of those shorty investments he can bank on the price being volatile and buy when the dips come causing him to make a lot of money. It depends on how he views success I suppose. I think the core business makes most of the money for SD (correct me if I’m wrong) and as long as it does he’s in the money. Link to post Share on other sites More sharing options...
Unbelievable Posted July 19, 2018 Share Posted July 19, 2018 If he wanted to buy SD shares he would first need to convert some asset or outstanding credit into cash in hand. Now would therefore be a good time to sell up (best case) or take out those deferred interest payments or repay part of the loan, while the club is cash heavy with PL TV revenue (worst case) Link to post Share on other sites More sharing options...
r0cafella Posted July 19, 2018 Share Posted July 19, 2018 I’m sure he’s got some cash lying around failing that he’s hardly not credit worthy is he? Link to post Share on other sites More sharing options...
NG32 Posted July 19, 2018 Share Posted July 19, 2018 Get in, suck on that. Ya fat mess. Link to post Share on other sites More sharing options...
STM Posted July 19, 2018 Share Posted July 19, 2018 I hope all his business' suffer massively and he's given no choice to cash in on the club at the first opportunity. Link to post Share on other sites More sharing options...
Rich Posted July 19, 2018 Share Posted July 19, 2018 I’m sure he’s got some cash lying around failing that he’s hardly not credit worthy is he? Wallpaper though. Link to post Share on other sites More sharing options...
NG32 Posted July 19, 2018 Share Posted July 19, 2018 He might have to sell us for the cash to reinvest in his tat empire. Clutching at straws like but its all we have now. Link to post Share on other sites More sharing options...
Wallsendmag Posted July 19, 2018 Share Posted July 19, 2018 Explains why he's not too keen to part with the £125m TV money from last season and he's priced the new tips at £65 I suppose! Link to post Share on other sites More sharing options...
John P Posted July 19, 2018 Share Posted July 19, 2018 It's profits that are down though. They still made profit, it's not like they're suddenly going to go under and Ashley will be penniless. Link to post Share on other sites More sharing options...
Dinho lad Posted July 19, 2018 Share Posted July 19, 2018 "This is the time that all Newcastle United fans have been waiting foooooooooooooooooooooor........" Link to post Share on other sites More sharing options...
BlueStar Posted July 19, 2018 Share Posted July 19, 2018 Sports Direct has reported a 72.5% plunge in pre-tax profits after a 'tough' time for Debenhams which it has invested heavily in Why the fuck would you invest heavily in Debenhams while watching what's been happening to BHS, House of Fraser, Woolworths etc? Link to post Share on other sites More sharing options...
Stifler Posted July 19, 2018 Share Posted July 19, 2018 It's profits that are down though. They still made profit, it's not like they're suddenly going to go under and Ashley will be penniless. Yeah, also they are down due to buying a large stake in Debenhams. Link to post Share on other sites More sharing options...
r0cafella Posted July 19, 2018 Share Posted July 19, 2018 Because it was either cheap, he believed he could turn it around and or he wanted to take SD share price. Link to post Share on other sites More sharing options...
Eddy Chibas Posted July 19, 2018 Share Posted July 19, 2018 No wonder he gambled on England winning the WC, for extra visibility (for SD). The shirt giveaway, which required people to download the SD app, would have definitely helped. Don't think many people (non-NUFC fans espec) would have uninstalled the app, once they started receiving alerts & notifications for monthly bargains. TBH having this parasite riding the coattails of the WC run eroded any loyalty I have for the team, and with it enjoying a potential WC triumph. I was relieved when Croatia put an end to his marketing gamble. The 73% drop in profits is a bonus. A small consolation in the face of this man's running of a once competitive sporting entity, but nonetheless it is fantastic news (to accompany his failed WC gamble). Edit: 73% Link to post Share on other sites More sharing options...
54 Posted July 19, 2018 Share Posted July 19, 2018 The cheek of this cunt. Link to post Share on other sites More sharing options...
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