Most recently on ‘sports, fashion and outdoor brands’ international retailer JD Sports Fashion (JD.), in November, despite the shares then more than 10% lower towards 100p, I wrote ‘emphasises “well positioned for peak season”… but even with that only expects ‘lower end of guidance range’!’, concluding still just on the watchlist. Today an update from the company titled “Robust trading performance in a challenging market”, so why a current more than 7% further lower share price to around 90p?
Previously on group describing itself as a “leading international provider of walk-through security technology” Thruvision (THRU), at the end of last month with the shares at 8p I wrote “pleased to announce” CEO appointment, and what about other management? which concluded that much suggested all has far from gone to plan here and it’s good luck to Victoria Balchin but still a Sell. So what of today a “Strategic Review” announcement?
Hercules Site Services (HERC) states that it “is pleased to announce its audited results for the year ended 30 September 2024”. However, writing on the company last week I noted it will be interesting to see how convenient it is for the results for its Suction Excavator business to be treated as ‘discontinued’ despite currently only a “proposed intention” to sell. So how much of the “pleased to announce” results is actually due to that accounting treatment?
Most recently writing on recruitment company PageGroup (PAGE), in October, although its shares were already down towards 360p from the around 400p of my update in August, I concluded that with seemingly further worsening trading rather than recovery at that juncture still avoid/sell. So what of today a “Fourth Quarter 2024 Trading Update” and the shares currently further lower in response to around 300p?
For a handful of asset classes, 2024 was a banner year. Bitcoin surged to all-time highs, gold saw its best performance in 14 years, and the U.S. dollar rallied thanks to a strong U.S. economy. Meanwhile, the S&P 500 saw its best two-year run in over 25 years. On the flip side, bonds experienced lackluster performance amid reflationary concerns.
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